Where Will India Tourism Development Corporation Share Price Be in the Next 3 Years?
- July 17, 2026
- Posted by: Kashish Aggarwal
- Category: News
India Tourism Development Corporation share price Rs 736. 52W high Rs 820, low Rs 368. Market cap Rs 6,285 Cr. 2030 scenario range Rs 915 to Rs 1,550.
The India Tourism Development Corporation share price forecast for the next 3 years is a question on many investors’ minds as the stock trades at Rs 736, within a 52 week range of Rs 368 to Rs 820. This article lays out a scenario based India Tourism Development Corporation share price outlook for 2027, 2028 and 2030, built on the company’s fundamentals, sector trends and the key risks that could change the trajectory. Rather than a single number, the focus here is on the range of outcomes and the assumptions behind each one.
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India Tourism Development Corporation Company Overview
India Tourism Development Corporation, a government owned company, operates Ashok Group hotels and travel related services, promoting tourism infrastructure across India. Understanding the business model is the first step in framing any credible India Tourism Development Corporation share price forecast, because the durability of earnings ultimately decides where the stock trades.
| Company | India Tourism Development Corporation |
| NSE Ticker | ITDC |
| CMP | Rs 736 |
| 52 Week High | Rs 820 |
| 52 Week Low | Rs 368 |
| Market Cap | Rs 6,285 Cr |
| Stock PE | 75.6 |
| Book Value | Rs 49.3 |
| ROE | 21.1% |
| ROCE | 29.9% |
| Dividend Yield | 0.37% |
Where Does India Tourism Development Corporation Share Price Stand Today?
The stock currently trades about 10 percent below its 52 week high of Rs 820, which means the market has already tempered some of its optimism. For anyone building a India Tourism Development Corporation share price forecast, this correction matters for the India Tourism Development Corporation share price forecast starting point, because entry valuations have a large bearing on 3 year returns.
At the current price, India Tourism Development Corporation commands a market capitalisation of Rs 6,285 Cr and trades at a price to earnings multiple of 75.6. The company generates a return on equity of 21.1% and a return on capital employed of 29.9%, which places it in the category of businesses with strong return ratios. These numbers anchor the India Tourism Development Corporation share price forecast scenarios that follow. How the broader Nifty 50 index trades over this period will also influence the multiple investors are willing to assign to the stock.
India Tourism Development Corporation Share Price Forecast: Key Growth Drivers for the Next 3 Years
Four forces are likely to shape the India Tourism Development Corporation share price forecast between now and 2030, and together they explain most of the dispersion in this India Tourism Development Corporation share price forecast. Each is discussed below with its likely direction of impact.
Earnings Trajectory and Return Ratios
Stock prices ultimately follow earnings. With strong return ratios at present, the pace at which profits compound over FY27 to FY30 will be the single biggest determinant of the India Tourism Development Corporation share price forecast actually playing out. Consistent earnings delivery tends to expand valuation multiples, while misses compress them quickly.
Hospitality Upcycle and Premium Travel Demand
Hotel demand continues to outpace new supply in key Indian markets, keeping occupancies and average room rates elevated. Premium and luxury operators like India Tourism Development Corporation are the biggest beneficiaries of rising corporate travel, weddings and inbound tourism.
Within the space, investors often benchmark India Tourism Development Corporation against peers such as Indian Hotels Company, EIH and Ventive Hospitality on growth and valuations before forming a view on the India Tourism Development Corporation share price forecast.
Company Specific Catalysts
The bull case for India Tourism Development Corporation rests on rising domestic and inbound tourism and any monetisation of its hotel and travel asset portfolio. If these play out on schedule, the India Tourism Development Corporation share price forecast for 2030 could gravitate toward the upper end of the scenario range discussed below.
Macro Environment and Liquidity
The RBI rate cycle, FII flows into Indian equities and overall market valuations will influence the multiple investors are willing to pay. A benign macro backdrop supports the optimistic end of any India Tourism Development Corporation share price forecast, while global risk aversion would do the opposite to the India Tourism Development Corporation share price outlook.
India Tourism Development Corporation Share Price Forecast 2027, 2028 and 2030: Scenario Analysis
The table below presents a scenario based India Tourism Development Corporation share price forecast using compounded annual growth assumptions applied to the current market price of Rs 736. These are illustrative ranges, not point predictions, and actual outcomes can fall outside them.
| Year | Bear Case | Base Case | Bull Case | Assumption |
|---|---|---|---|---|
| 2027 | Rs 790 | Rs 870 | Rs 945 | 5% to 18% CAGR on CMP |
| 2028 | Rs 830 | Rs 975 | Rs 1,110 | 5% to 18% CAGR on CMP |
| 2030 | Rs 915 | Rs 1,230 | Rs 1,550 | 5% to 18% CAGR on CMP |
In the base case scenario of this India Tourism Development Corporation share price forecast, the 2030 level works out to roughly Rs 1,230, implying steady compounding from today’s levels. The bull case of Rs 1,550 assumes rising domestic and inbound tourism and any monetisation of its hotel and travel asset portfolio delivers ahead of expectations, while the bear case of Rs 915 captures a scenario where growth stalls. That is an outcome band of about 24 percent to 111 percent over the period.
Consult a SEBI Registered Investment Advisor Before Acting on Any Forecast
Bull Case vs Bear Case for India Tourism Development Corporation Share Price
The Bull Case
The optimistic India Tourism Development Corporation share price forecast assumes rising domestic and inbound tourism and any monetisation of its hotel and travel asset portfolio. Combined with supportive sector conditions, this could lift both earnings and the valuation multiple, pushing the stock toward Rs 1,550 by 2030.
The Bear Case
The cautious view centres on the fact that government owned hospitality assets can face operational efficiency constraints relative to private operators. If these pressures dominate, the India Tourism Development Corporation share price forecast would skew toward the lower band and the stock could stagnate near Rs 915 even by 2030, underperforming broader indices.
Key Risks That Could Change the India Tourism Development Corporation Share Price Outlook
- Execution risk: Delays in strategy execution or capacity plans would push the earnings trajectory below the base case assumed in this India Tourism Development Corporation share price forecast.
- Valuation risk: At a PE of 75.6, any earnings disappointment can trigger sharp multiple compression before fundamentals stabilise.
- Sector risk: Government owned hospitality assets can face operational efficiency constraints relative to private operators.
- Macro risk: A global slowdown, adverse FII flows or unexpected rate moves would compress equity valuations across the market.
- Regulatory risk: Policy, tax or compliance changes affecting the sector can alter the earnings outlook with little warning.
Is India Tourism Development Corporation Worth Watching for the Long Term?
For long term investors, the relevant question is not just where the India Tourism Development Corporation share price forecast lands in 2030 or what any single India Tourism Development Corporation share price forecast says today, but whether the business can compound capital through cycles. The company’s positioning around rising domestic and inbound tourism and any monetisation of its hotel and travel asset portfolio gives it a credible growth story, while the risks outlined above define what must be monitored each quarter.
Investors should track quarterly earnings, management commentary and sector data rather than anchoring to any single number from a India Tourism Development Corporation share price outlook. Historically, staying focused on business fundamentals has served investors better than chasing price targets, and consulting a SEBI registered advisor before investing remains the prudent approach.
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Conclusion
The India Tourism Development Corporation share price forecast for the next 3 years spans Rs 915 to Rs 1,550 by 2030 under the scenarios discussed, with a base case near Rs 1,230. Any credible India Tourism Development Corporation share price forecast must be updated as facts change, and the path will be decided by earnings delivery, rising domestic and inbound tourism and any monetisation of its hotel and travel asset portfolio and the broader market environment. Treat these ranges as a framework for thinking, not a promise of outcomes, and revisit the assumptions as new results come in. Consult a SEBI registered investment advisor before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What is the India Tourism Development Corporation share price forecast for the next 3 years?
Ans. The India Tourism Development Corporation share price forecast for the next 3 years is scenario based rather than a single number. By 2030, the illustrative range spans Rs 915 in the bear case to Rs 1,550 in the bull case, with a base case near Rs 1,230, depending on earnings delivery and market conditions.
What is the India Tourism Development Corporation share price forecast for 2027?
Ans. For 2027, the scenario range works out to Rs 790 to Rs 945, with a base case around Rs 870. This assumes compounding on the current price of Rs 736 and is illustrative, not a guaranteed outcome.
What is the India Tourism Development Corporation share price forecast for 2028?
Ans. The 2028 scenario range is Rs 830 to Rs 1,110, with the base case near Rs 975. Actual levels will depend on earnings growth, sector trends and overall market valuations at the time.
What is the current share price of India Tourism Development Corporation?
Ans. India Tourism Development Corporation currently trades at around Rs 736 on the NSE, within a 52 week range of Rs 368 to Rs 820. Prices change continuously during market hours, so check live quotes before acting.
Is India Tourism Development Corporation a good stock for the long term?
Ans. India Tourism Development Corporation has a credible long term story built on rising domestic and inbound tourism and any monetisation of its hotel and travel asset portfolio, but it also carries risks since government owned hospitality assets can face operational efficiency constraints relative to private operators. Long term suitability depends on your risk profile and portfolio, so consult a SEBI registered investment advisor before investing.
What is the India Tourism Development Corporation share price outlook for 2030?
Ans. The India Tourism Development Corporation share price outlook for 2030 spans Rs 915 to Rs 1,550 across bear and bull scenarios. Where the stock actually lands will be driven by profit growth, valuation multiples and macro conditions closer to that date.
What are the key risks to the India Tourism Development Corporation share price forecast?
Ans. The main risks are execution delays, valuation compression from the current PE of 75.6, sector specific pressures, macro shocks and regulatory changes. Any of these can push the stock below the base case scenario discussed in this article.
