ITI Share Price

Headquartered in Bengaluru, ITI Limited is among India’s earliest public sector undertakings in the telecommunications and communication equipment space. The company is active in telecom manufacturing, network solutions, defence communication systems, and digital infrastructure services. ITI Limited contributes to India’s telecom and strategic communication space by way of manufacturing, system integration and service delivery to government and enterprise clients. ITI share price on NSE and BSE indicates how market players react to developments within the telecom equipment industry and in a wider industrial policy scenario. 

The share price of ITI Limited is driven by various factors, including order inflows from the government and public sector undertakings, execution timelines, operating margin, working capital cycle, and sector-level demand of communication infrastructure. In the longer term, factors like foray into digital services, participation in national connectivity programmes, and changes in procurement policies impact ITI share price. Tracking these elements helps to develop context around ITI share price behaviour ͏across market cycles. 

ITI live share price offers a real-time view of the last traded price, bid-ask spread, and trading volume. These are a reflection of the liquidity condition and immediate market response to corporate disclosures, sectoral updates and market sentiments. Monitoring the ITI live price aids in u͏ndersta͏ndin͏g short-term volatility and how the stock is moves in relation to telecom and infrastructure peers.

Monitoring the ITI share price today allows comparison with other listed communication equipment companies and the relevant market indices. This comparison shows how the stock performs within its sector and if it aligns with the broader equity market trends. 

ITI Limited Fundamentals

ITI Limited Company Background

ITI Limited is a public sector undertaking operating in the telecommunications technology segment, established as a departmental factory in 1948. The company operates manufacturing facilities at Bengaluru, Naini, Rae Bareli, Mankapur and Palakkad, supported by an R&D centre in Bengaluru and eleven Marketing, Services and Projects centres across India, located in Bengaluru, Chennai, Hyderabad, Mumbai, Ahmedabad, Kolkata, Guwahati, Bhopal, Delhi, Lucknow and Chandigarh. Its manufactured product portfolio includes GPON, Managed Leased Line Network products, Standalone Signaling Transfer Point, Wi-Fi access points, radio modems, SMPS and set-top boxes. 

Defence offerings include multi-capacity encryption units, bulk encryption units and terminal end secrecy devices. The company also produces passive infrastructure products such as optical fibre cables, HDPE ducts and antennas, along with diversified products including smart energy meters, smart cards, solar panels and mini personal computers. ITI Limited provides telecom turnkey solutions, customised support and executes installation and commissioning through its Network System Unit. The company operates a Bengaluru data centre and is expanding cloud services for government institutions and banks. It is diversifying into ICT, IoT, smart cities and allied telecom services

ITI limited Company Product Lines

• Products
  • Diversified suite of products, solutions and services across telecom, ICT and electronics
  • Manufactured electronic products include:
  • Digital Mobile Radio (DMR) systems
  • Smart energy meters
  • Mini personal computers and Smaash laptops
  • 3D printing solutions
  • Bank automation products
  • GPON OLT and ONT
  • PCM multiplexers
  • Ruggedised telephones for defence forces
  • Smart cards and banking cards
  • Hand-held terminals for smart card authentication
  • Set-top boxes
  • Wi-Fi equipment
  • Multiple encryption devices for defence applications
  • Solar power modules
  • Switched Mode Power Supply (SMPS) systems
  • Internet of Things (IoT) products
  • Radio modems
  • AN rack hardware
• Services
  • Data centre hosting services
  • EMI/EMC and environmental testing of electronic products
  • 3D printing and mechanical fabrication
  • Reliability engineering laboratory services
  • Installation, commissioning, operation and maintenance of supplied products
  • Electronic contract manufacturing
  • Printed Circuit Board (PCB) manufacturing
  • Component screening for mission-critical applications
• Traded Products
  • Optical transport network products, including DWDM
  • Managed leased line network products
  • Signalling point network products
  • IP/MPLS routers and switches
  • Network management system solutions
  • Microwave and satellite communication equipment
  • Next-generation network equipment
  • IT products and integrated solutions

ITI Limited Company Revenue Model

Main Revenue Streams

• Telecommunications equipment manufacturing – sales of telecom hardware and network products such as switching systems, access and transmission equipment. 
• Defence communication systems – revenue from secure defence electronics and communication products and projects (e.g., ASCON). 
• Telecom turnkey project execution – implementation of large government projects like BharatNet, 4G/BSNL rollouts and similar programmes. 
• Service contracts and maintenance – installation, commissioning, annual maintenance and network support services. 
• Data centre & hosting services – operation of data centre facilities and associated services. 
• Testing and certification services – EMI/EMC, environmental testing and reliability lab services. 
• Electronic contract manufacturing – contract production of electronics for various clients. 
• Component screening services – missioncritical component screening for highreliability applications. 
• Printed Circuit Board (PCB) manufacturing – PCB fabrication and assembly services. 
• Sales of diversified manufactured products – IoT devices, smart cards, smart meters, mini PCs, settop boxes, radio modems, antennas and related products. 
• Traded products distribution – resale of electronic and communication equipment manufactured by others (e.g., routers, switches, optical network gear). 
• Emerging tech solutions – offerings in IoT, smart city systems and allied ICT solutions. 

Channels & Segments Contributing to Revenue

• Government contracts & PSU projects – a major source of stable revenue through large public sector engagements. 
• Services & aftersales – ongoing support and maintenance of installed systems. 
• Manufacturing & emerging technology products – diversified product lines sold to enterprise and defence customers.

ITI Limited Geographic Presence

Manufacturing Units:

• Bangalore (Karnataka)
• Naini (Uttar Pradesh)
• Rae Bareli (Uttar Pradesh)
• Mankapur (Uttar Pradesh)
• Palakkad (Kerala)
• Srinagar (Jammu & Kashmir)

Marketing, Services & Projects (MSP) / Regional Offices:

• Bangalore (Karnataka)
• Hyderabad (Telangana)
• Ahmedabad (Gujarat)
• Guwahati (Assam)
• Chennai (Tamil Nadu)
• Mumbai (Maharashtra)
• Kolkata (West Bengal)
• Bhopal (Madhya Pradesh)
• Delhi
• Chandigarh
• Lucknow (Uttar Pradesh)

Business Coordination Office (BCO):

• New Delhi

Network Systems Unit (NSU):

• Located within ITI Limited’s structure as an Independent Business Unit (specific locations not listed separately; operates across ITI’s network).

ITI Limited Leadership

Some of the key leaders of ITI Limited as of January 2026 are

• Rajesh Rai – Chairman and Managing Director
• S. Jeyanthi – Director (Production) and Director (HR) – Additional Charge
• C. V. Ramana Babu – Director (Marketing) and Director (Finance) – Additional Charge
• Arun Agarwal – Director (Government Nominee)
• Gopinath Sahu – Independent Director
• Deepa Chawla, IRAS – Chief Vigilance Officer (Additional Charge)
• Rajeev Srivastava – Chief Financial Officer
• Y. Sathyan – Company Secretary

ITI Limited Key Milestones

• 1948 – Established as a departmental factory; later emerged as India’s first Public Sector Unit in electronics and telecom
• 25 January 1950 – Incorporated as ITI Limited
• 1950s–1960s – Strategic technology tie-ups with Alcatel (France), NKT (Denmark) and NEC (Japan)
• Manufacturing Footprint – Plants set up at Bengaluru, Naini, Rae Bareli, Mankapur, Palakkad and Srinagar; R&D centres at Bengaluru, Naini and Mankapur
• December 1992 – Joint venture formed in Singapore as IT Communications Pte Ltd
• 1995–96 – Commissioned India’s first computerised trunk manual exchange; executed ASCON defence network
• 2003–04 – Entered IT segment; introduced MLLN, CDMA terminals, smart card solutions and MPLS routers
• 2019 – EMI/EMC and Safety Labs commissioned; diversification into OFC, IoT, smart meters and data services
• FY 2021–22 – Completion of major BSNL GSM projects; large-scale encryption and telecom supplies
• 2023 – OFC, HDPE, solar, laptops and RAN manufacturing scaled; new 1,000-rack data centre established
• 2024 – 4G RAN manufacturing operational; BSNL 9ML GSM project completed; EMI/EMC Telecom Testing Centre commissioned

Industry Perspective

ITI Limited operates within the telecommunications equipment and ICT industry, a sector experiencing sustained growth driven by rapid digital adoption, 5G rollouts and expanding network infrastructure. The Telecom Equipment Market is estimated to be valued at USD 338.2 billion in 2025 and is projected to reach USD 697.0 billion by 2035, registering a compound annual growth rate (CAGR) of 7.5% over the forecast period. This is fueled by demand for 5G infrastructure, fiber deployments and advanced networking hardware. In parallel, 𝐈𝐧𝐝𝐢𝐚 𝐓𝐞𝐥𝐞𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at USD 192.69 Bn in 2023 and the total India Telecommunication revenue is expected to grow at a CAGR of 9.2% from 2024 to 2030, reaching nearly USD 356.79 billion. This reflects strong domestic demand, regulatory support and increased investment in connectivity. India ranks among the world’s largest telecom markets, featuring one of the fastest-growing subscriber bases and significant data consumption trends. 

Key drivers include expansion into rural and urban regions, government digital initiatives, and the transition to next-generation technologies. With rising adoption of IoT, cloud services and smart infrastructure, the industry’s future growth prospects remain robust, underpinned by both public and private investment in network capability and digital transformation. ITI Limited can capitalise on industry growth by aligning its product portfolio with emerging 5G, IoT and data infrastructure demands. Enhanced focus on R&D, strategic partnerships for advanced technology, and expansion into turnkey solutions and cloud services will strengthen its competitive position. Participation in government digital programmes and manufacturing localisation can further drive market share and revenue growth.

ITI Limited Stock Market Presence: Listings & Index Representation

ITI Limited listed on the BSE (Bombay Stock Exchange) in 1993 and later on the NSE (National Stock Exchange) following the expansion of electronic trading in Indian capital markets. Since its listing, the company has remained a publicly traded central public sector enterprise, reflecting its long-standing presence in India’s industrial and telecom landscape.

ITI Limited is listed on NSE under the symbol ITI and on BSE under the code 523610. The stock forms part of several recognised indices, including Nifty 500, Nifty Smallcap 100, Nifty Smallcap 250, BSE 500, BSE PSU, and BSE Teck. Inclusion in these indices reflects ITI Limited’s market capitalisation, liquidity profile, and classification within the communication equipment and technology segments.

ITI Limited stock price receives attention from market participants tracking public sector undertakings and telecom equipment manufacturers. Its presence across NSE and BSE ensures trading accessibility, while index inclusion enables participation in index-linked funds and institutional tracking. This positioning highlights ITI Limited’s role within India’s broader telecom manufacturing and public-sector enterprise space.

ITI Limited Stock Performance and Share Price History

ITI share price on NSE and BSE reflects the company’s position as a public sector telecom equipment manufacturer operating in a highly policy-driven and cyclical industry. Unlike private telecom firms, ITI Limited depends heavily on government-led orders, PSU reforms, and execution timelines, which creates uneven price movement across market cycles. As a result, ITI stock price often reacts more to policy visibility and order flow than to short-term market trends.

In earlier phases, particularly between 2006 and 2008, ITI Limited share price moved in line with broader equity markets. During this period, telecom infrastructure spending across India supported optimism, but the global financial crisis in 2008 sharply reduced capital expenditure. As telecom investments slowed and government spending tightened, ITI stock price declined significantly, reflecting lower earnings visibility and weak order inflows.

From 2009 to 2011, ITI share price attempted recovery as markets stabilised, but sustained momentum remained limited. Between 2012 and 2017, ITI stock price stayed largely range-bound. This phase coincided with operational challenges, pressure on revenues, delayed project execution, and limited profitability. The absence of strong earnings growth prevented meaningful re-rating, keeping ITI share price confined within narrow levels despite broader market rallies.

A gradual shift occurred from 2018 onwards. Improved focus on telecom manufacturing, participation in government-backed digital and defence communication projects, and renewed PSU sector interest supported selective upside in ITI share price. However, gains remained volatile due to inconsistent execution and fluctuating margins, which continued to influence ITI stock price movement.

The period from 2020 to 2023 marked one of the most volatile phases in ITI share price history. During the COVID-19 period, execution delays, supply-chain disruption, and financial strain negatively affected operations, leading to sharp corrections in ITI share price. As markets recovered, PSU stocks attracted renewed attention, and improved order visibility triggered strong rallies. This phase highlights how quickly ITI stock price responds to shifts in sector sentiment and policy-driven demand.

ITI share price 52-week high and low levels offer further insight into these cycles. Higher price levels have typically aligned with phases of improved order inflows, PSU re-rating trends, and expectations of turnaround in earnings. In contrast, lower levels have reflected margin pressure, revenue contraction, delayed projects, and broader small-cap market corrections. These extremes help investors understand the risk–reward profile associated with ITI share price movements.

Over longer horizons, ITI share price has delivered strong absolute returns despite interim volatility. The stock generated returns of 183.92 percent over three years, 134.34 percent over five years, and 1,018.33 percent over ten years, driven largely by low base effects and sector re-rating phases. However, recent performance has been weaker, with ITI share price declining 22.28 percent over one year and 10.28 percent over three months. These declines reflect negative earnings, revenue pressure, and a correction across PSU and small-cap stocks.

Overall, ITI stock price behaviour underscores its cyclical nature. Long-term gains emerge during policy support and execution improvement, while short-term movements remain sensitive to earnings visibility, margin stability, and sector-level sentiment.

ITI Limited Investor Relevance and Portfolio Role

ITI Limited holds relevance within portfolios focused on public sector enterprises, telecom manufacturing, and infrastructure-linked sectors. Inclusion in indices such as Nifty Smallcap 100, Nifty Smallcap 250, and Nifty 500 places the company within diversified small-cap and PSU allocations, where Company name share price reflects exposure to government-led telecom and digital infrastructure programmes. Index representation also links Company name share price to institutional rebalancing and sector-based fund flows.

Institutional holders of ITI Limited include the Special National Investment Fund, Government of Karnataka, Nippon Life India Asset Management Limited, HDFC Asset Management Company Limited, SBI Funds Management Limited, Motilal Oswal Asset Management Company Limited, ICICI Prudential Asset Management Company Limited, Groww Asset Management Limited, and Edelweiss Asset Management Limited.

Mutual fund participation includes Nippon India Nifty Small Cap 250 Index Fund, SBI Nifty Smallcap 250 Index Fund, HDFC Nifty Smallcap 250 ETF, Motilal Oswal Nifty Smallcap 250 Index Fund, Nippon India 500 Equal Weight Index Fund, ICICI Prudential Smallcap Index Fund, HDFC Nifty Smallcap 250 Index Fund, Motilal Oswal Nifty 500 Fund, and Edelweiss Nifty Smallcap 250 Index Fund.

Company name stock price is also observed through technical indicators such as RSI and moving averages, which reflect short-term sentiment shifts. Company name share price volatility remains higher than large-cap stocks due to earnings variability and execution dependence.

ITI Limited beta stands at 1.46 in the long term. Daily one-month beta measures 1.53, while daily three-month beta stands at 0.710. Weekly beta values range from 1.74 over one year to 1.72 over two years, with two-week beta at 1.80. Monthly two-year beta stands at 0.917, indicating elevated short-term volatility with moderation over longer periods.

ITI Limited Sectoral Relevance and Peer Positioning

ITI Limited sector relevance stems from its role in telecom manufacturing, defence communication systems, and digital infrastructure. Peer comparisons with Tejas Networks, Black Box, Avantel, ADC India Communications, Valiant Communications, Kavveri Defence & Wireless Technologies, Frog Cellsat, and Maestros Electronics focus on execution capability, revenue consistency, and sector exposure rather than short-term price movements. These comparisons position ITI Limited within India’s communication equipment ecosystem.

ITI Limited’s sectoral importance is also reflected in financial and market metrics that demonstrate its scale and operating profile.

ITI market cap stands at ₹29,028.8 crore. This valuation reflects market perception of the company’s scale, execution outlook, and sector positioning. Changes in ITI share price directly affect market capitalisation, highlighting sensitivity to earnings visibility and order inflows. Market cap trends over time mirror periods of strong PSU sector sentiment and phases of correction driven by financial performance.

ITI earnings have shown volatility. Net profit stood at ₹146 crore in Mar 2021, declined to ₹9.48 crore in Mar 2022, improved to ₹119 crore in Mar 2023, and turned negative at ₹-360 crore in Mar 2024 and ₹-569 crore in Mar 2025. These shifts reflect revenue decline, rising expenses, and margin pressure, influencing ITI share price movements.

ITI EPS (earnings per share) stood at ₹0.10 in Mar 2021 and increased to ₹1.27 in Mar 2022. EPS turned negative at ₹-3.79 in Mar 2023, declined further to ₹-5.92 in Mar 2024, and improved to ₹-2.24 in Mar 2025. Negative EPS directly impacted valuation metrics and ITI stock price sentiment over recent years.

ITI P/E ratio remains negative due to negative earnings. The P/E stood at -42.61 in Mar 2024 and declined to -111.26 in Mar 2025, with trailing twelve-month P/E at -161.75. The ratio peaked at 965.87 in Mar 2021 and has trended downward for over three years. These values show how earnings volatility influences ITI Limited share price valuation.

Summary

ITI Limited remains a cornerstone public sector player in India’s telecommunications, ICT, and defence communication sectors. Its diversified revenue model spans telecom hardware, defence electronics, turnkey projects, data centre services, IoT, and emerging ICT solutions. Government orders, PSU projects, and execution timelines heavily influence ITI share price, while expansion into digital infrastructure, cloud services, and smart city solutions enhances long-term growth potential. With robust manufacturing, nationwide presence, and strategic R&D focus, ITI Limited is well-positioned to capitalise on India’s growing telecom and digital ecosystem.