International Travel House Ltd (ITHL)

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International Travel House Ltd (ITHL) · mywealthgrid

About

International Travel House operates tour and travel services in the Consumer Discretionary leisure sector. At ₹245.44 Cr market cap, it is a small-cap focused on leisure travel, now showing operational recovery with current OPM of 15.92% and ROE of 17.64% after severe COVID-era losses.

Face value: ₹10

Market cap

₹226 Cr

P/E

—

P/B

1.3×

Dividend yield

3.9%

ROE

10.7%

ROCE

17.6%

Debt / equity

OPM

14.7%

EPS (TTM)

₹-56.4

Book value

₹224.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme margin volatility: OPM ranged from +3.04% (Jun 2019) to -171.2% (Jun 2020) and -26.7% (Mar 2021), demonstrating sharp profitability collapse during demand shocks

Revenue vulnerability: revenue fell 85% from ₹56.86 Cr (Dec 2019) to ₹8.15 Cr (Jun 2020); verify current revenue levels and exposure to future mobility restrictions or economic slowdowns

Market skepticism despite recovery: stock down 32% YoY despite healthy current OPM of 15.92% suggests questions about sustainability or market confidence in the turnaround

Zero institutional participation: FII at 0% and DII at 0.04% (Jun 2026) indicates minimal analyst coverage or institutional support; verify market research and institutional views on valuation

Generated analysis · source review pending

Growth drivers

Operating margin expansion: current 15.92% OPM is 13+ points above pre-COVID average of 0–3%, showing improved cost management; verify if revenue growth at these margins can sustain profitability

Restored profitability: consecutive annual dividends from 2023–2026 confirm cash generation has returned; verify absolute net profit trajectory and dividend coverage from 2021 onwards

International travel positioning: company name and segment reflect exposure to leisure travel; verify current revenue recovery levels, domestic vs. international mix, and market-share trends

Small-cap base of ₹245.44 Cr provides room to grow; verify whether revenue and profit have recovered to pre-COVID levels to assess remaining growth headroom

Generated analysis · source review pending

2,176 historical price candles were omitted because the exchange source has not been verified.

₹283.0-1.8%1Y

Quick read

rule-based

Pros

+High return on capital employed of 21.2%
+Revenue CAGR of 31.3% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 259.4×
+Dividend yield of 3.9%
+High promoter holding of 61.7% with no pledge

Cons

−Profit declined 13.3% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

56/100

Business quality: 59
Growth: 11

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Tbo Tek LimitedTBOTEKTBOTEK	₹18,152 Cr	₹18,798 Cr	₹3,092 Cr	₹432 Cr	13.8%	₹265 Cr	9.1%	18.5%	17.8%	-133
Bls International Services LimitedBLSBLS	₹8,914 Cr	₹9,144 Cr	₹3,178 Cr	₹867 Cr	27.3%	₹706 Cr	24.1%	30.1%	32.7%	-19
Le Travenues Technology LimitedIXIGOIXIGO	₹7,103 Cr	₹7,127 Cr	₹1,265 Cr	₹72 Cr	5.9%	₹87 Cr	5.8%	7.6%	5.4%	-47
Thomas Cook (India) LimitedTHOMASCOOKTHOMASCOOK	₹4,737 Cr	₹5,014 Cr	₹8,082 Cr	₹394 Cr	5.1%	₹219 Cr	2.6%	12.7%	9.1%	-137
Easy Trip Planners LimitedEASEMYTRIPEASEMYTRIP	₹2,295 Cr	₹2,327 Cr	₹557 Cr	₹-29 Cr	-2.8%	₹-52 Cr	-8.9%	0.8%	-5.2%	-4,782
Yatra Online LimitedYATRAYATRA	₹1,551 Cr	₹1,622 Cr	₹985 Cr	₹70 Cr	8%	₹31 Cr	4.7%	7.6%	5.8%	109
Waterways Leisure Tourism LimitedCORDELIACORDELIA	₹731 Cr	₹780 Cr	₹591 Cr	—	—	₹168 Cr	28.5%	-62.6%	513.1%	-23
Mach Travel Solutions LtdMACHLTDMACHLTD	₹407 Cr	—	₹217 Cr	₹21 Cr	9.7%	₹17 Cr	7.7%	—	—	—
International Travel House LtdITHLITHL	₹226 Cr	₹226 Cr	₹59 Cr	₹-38 Cr	14.7%	₹-45 Cr	8%	17.6%	10.7%	11
Trade Wings LtdTRADWINTRADWIN	₹138 Cr	₹156 Cr	₹262 Cr	₹-1 Cr	-0.2%	₹2 Cr	0.9%	44.8%	—	12
Yaan Enterprises LtdYAANENTYAANENT	₹51 Cr	₹57 Cr	₹2 Cr	₹-0 Cr	5.7%	₹-3 Cr	3.2%	24.5%	15.8%	117
Helloji Holidays LtdHELLOJIHELLOJI	₹40 Cr	—	₹28 Cr	₹1 Cr	5.4%	₹1 Cr	4.5%	—	—	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	196	201	204	208	209	59	94	184	217	236	232
	170	177	185	196	207	98	101	163	183	198	198
	26	25	19	12	2	-38	-7	21	34	38	34
OPM %	13.4%	12.2%	9.5%	5.9%	1.1%	-64.2%	-7%	11.7%	15.6%	15.9%	14.7%
Depreciation	12	—	11	11	12	10	6	6	7	7	9
Interest	0	0	0	0	0	0	0	0	0	0	0
	5	4	3	3	1	3	2	3	4	7	0
Profit before tax	20	20	12	4	-8	-45	-11	18	30	37	25
Tax	7	7	5	2	-1	0	0	-10	8	10	7
Tax %	34.7%	36.2%	39.6%	36.9%	-11.9%	0%	0%	-55%	26.1%	26.2%	26.4%
	13	13	7	3	-7	-45	-11	28	23	27	18
PAT margin %	6.6%	6.2%	3.4%	1.3%	-3.5%	-75.9%	-11.4%	15.4%	10.4%	11.5%	8%
EPS (₹)	16.1	15.6	8.7	3.4	-9.3	-56.4	—	—	—	—	23.1
EPS adjusted (₹)	—	—	—	3.4	-9.3	-56.4	-13.4	35.5	28.2	34	23.1
	26.4%	27.3%	48.8%	74.4%	—	—	—	—	—	—	23.8%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	8	8	8	8	8	8	8	8
Reserves	154	142	97	87	115	134	157	171
Minority interest	—	—	0	—	—	0	0	0
	—	—	0	0	0	0	0	0
	48	44	35	38	55	62	66	70
Total equity & liabilities	210	194	140	134	179	205	231	249
	34	33	25	19	25	22	28	41
CWIP	0	0	0	0	0	0	0	0
Investments	22	22	35	30	36	74	55	105
	154	139	80	85	117	108	149	104
Total assets	210	194	140	134	179	205	231	249

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	5.9%	1.1%	-64.2%	-7%	11.7%	15.6%	15.9%	14.7%
EBIT margin %	0.9%	-4.4%	-80.2%	-13.7%	8.4%	12.2%	12.9%	10.8%
PAT margin %	1.3%	-3.5%	-75.9%	-11.4%	15.4%	10.4%	11.5%	8%
Working capital
Receivable days	233	180	189	184	144	104	92	96
Inventory days	—	—	0	0	0	0	0	0
Payable days	60	45	76	101	90	91	86	85
NWC days	—	—	113	83	53	13	6	11
Leverage
Current ratio	3.7	3.66	3.21	2.79	2.46	2.8	3	2.96
Debt to EBITDA	—	—	—	—	0	0	0	0
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	107.3	-16.5	-224.3	-106	611.3	435.9	284	259.4
Asset turnover	0.99	1.08	0.42	0.71	1.03	1.06	1.02	0.93
Return ratios
Return on assets %	1.3%	-3.8%	-32.1%	-8%	15.9%	11%	11.7%	7.4%
Return on capital employed %	2.6%	-5%	-34.1%	-10.3%	16.4%	22.5%	23.4%	17.6%
Return on equity %	1.7%	-4.9%	-42.8%	-11.2%	23%	15.8%	16.4%	10.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.69%	61.69%	61.69%	61.69%	61.69%	61.69%	61.69%	61.69%	61.69%	61.69%	61.69%	61.69%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.04%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	38.31%	38.31%	38.31%	38.31%	38.31%	38.31%	38.31%	38.31%	38.31%	38.31%	38.31%	38.27%
No. of shareholders	—	—	—	—	—	—	—	—	12,065	11,820	11,486	11,275

Promoter holding up 0 percentage points since Sep 2023.

1 deal · 11 Apr 2023 – 11 Apr 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
11 Apr 2023	OM TRADING	Bulk	BSE	Buy	46,636	₹246.13	₹1.15 Cr

1–1 of 1

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Anil ChadhaNon-Executive - Non Independent Director-Chairperson
Ms. Vrinda SarupNon-Executive - Independent Director
Mr. Jagdish SinghNon-Executive - Non Independent Director
Mr. Pradeep Vasant DhobaleNon-Executive - Independent Director
Mr. Subrahmoneyan ChandrasekharNon-Executive - Independent Director
Mr. Ashish RaoNon-Executive - Non Independent Director
Mr. Ravi CapoorNon-Executive - Independent Director
Mr. Ashwin MoodliarExecutive Director-MD
Mr. Sidharth ShahChief Financial Officer
Mr. Abhishek ChawlaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in International Travel House Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

0 announcementsExport CSV

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	5.9%	1.1%	-64.2%	-7%	11.7%	15.6%	15.9%	14.7%
EBIT margin %	0.9%	-4.4%	-80.2%	-13.7%	8.4%	12.2%	12.9%	10.8%
PAT margin %	1.3%	-3.5%	-75.9%	-11.4%	15.4%	10.4%	11.5%	8%
Working capital
Receivable days	233	180	189	184	144	104	92	96
Inventory days	—	—	0	0	0	0	0	0
Payable days	60	45	76	101	90	91	86	85
NWC days	—	—	113	83	53	13	6	11
Leverage
Current ratio	3.7	3.66	3.21	2.79	2.46	2.8	3	2.96
Debt to EBITDA	—	—	—	—	0	0	0	0
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	107.3	-16.5	-224.3	-106	611.3	435.9	284	259.4
Asset turnover	0.99	1.08	0.42	0.71	1.03	1.06	1.02	0.93
Return ratios
Return on assets %	1.3%	-3.8%	-32.1%	-8%	15.9%	11%	11.7%	7.4%
Return on capital employed %	2.6%	-5%	-34.1%	-10.3%	16.4%	22.5%	23.4%	17.6%
Return on equity %	1.7%	-4.9%	-42.8%	-11.2%	23%	15.8%	16.4%	10.3%

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-11	24	36	-19	9	49	38	25
	4	-30	-33	21	-6	-37	-15	-37
	-4	-4	-1	-1	-0	-3	-5	-5
Net cash flow	-10	-10	2	2	3	9	18	-17
Free cash flow	-25	12	36	-20	-3	45	23	6
CFO / Operating profit %	-85.4%	—	—	—	42.9%	144.8%	100.3%	73.7%

International Travel House Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Announcements

No announcements stored for this window

No fund holdings on record

17

1

Not in the F&O segment

No announcements stored for this window

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

International Travel House Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Announcements

No announcements stored for this window

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

No fund holdings on record

Dividends17

Board meetings1

Not in the F&O segment

No announcements stored for this window

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

17

1