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The Investment Trust Of India Limited (THEINVEST)

₹90.08 +0.35% last close, 16 Oct

📊 NSE: THEINVEST 🏢 Finance & Investments 📢 Latest filing: 06 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Investment Trust's revenue was ₹59.4 Cr (-15.3% year on year, +11.7% on the previous quarter), and net profit ₹12.4 Cr (+21.4% year on year); the operating margin was 13.4%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹59.4	-15.3%	+11.7%
Operating profit	₹8.0	-54.8%	+90.7%
Net profit	₹12.4	+21.4%	+103.3%
EPS (₹)	2.37	+35.4%	+100.8%
Operating margin	13.4%	—	—

Full quarterly financials → Results calendar →

THEINVEST delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 81.72% of the THEINVEST shares traded on NSE were taken to delivery, against the stock's own 20-session average of 73.85%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.

81.72%Delivery, 16 Oct

73.85%Own 20-session average

0.3×Volume vs its average

₹90.08NSE close · +0.35%

Delivery in the last 5 sessions: 74.8% · 84.2% · 72.6% · 72.5% · 81.7%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

The Investment Trust of India Submits Reg 74(5) Dematerialisation Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 06 Oct 2026, 03:50 PM

The Investment Trust of India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate was issued by Purva Sharegistry (India) Private Limited for the quarter ended September 30, 2026. It confirms that share certificates received for dematerialisation between July 1, 2026, and September 30, 2026, were duly processed, confirmed/rejected, and mutilated within prescribed timelines. This is a purely statutory and procedural filing with zero financial impact.

Quarterly compliance certificate under Regulation 74(5) submitted for the period ended September 30, 2026
Certificate received from Registrar and Share Transfer Agent, Purva Sharegistry (India) Private Limited, dated October 01, 2026
Shares processed include batches of 100 shares each dematerialised on July 22, 2026, and August 17, 2026
Confirmation that cancelled physical certificates were replaced by depository records within prescribed timelines

💡 No action is required as this is a recurring regulatory filing. Investors should look out for the upcoming Q2 FY27 board meeting and financial results announcement.

The Investment Trust Of India Concludes 35th AGM; Resolutions Approved by Majority

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Sep 2026, 06:48 PM

The Investment Trust Of India Limited held its 35th Annual General Meeting on September 28, 2026, through video conferencing. Key items approved by shareholders included the adoption of standalone and consolidated FY26 financial statements, the reappointment of director Mrs. Khyati Valia, and approvals for material related-party transactions for both the company and its subsidiaries. Additionally, a special resolution permitting loans, guarantees, or security under Section 185 was passed with requisite majority. Detailed scrutinizer voting results under Regulation 44 will follow separately.

35th AGM held and concluded on September 28, 2026, between 11:30 AM and 12:30 PM
Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026
Approval granted for material related party transactions of the company and subsidiaries
Special resolution passed to advance loans, give guarantees, or provide securities under Section 185
Remote e-voting was active from September 25, 2026 (9:00 AM) to September 27, 2025/2026 (5:00 PM)

💡 Track the upcoming disclosure of voting percentages via the formal Scrutinizer's Report and monitor disclosures around approved related party transaction values.

The Investment Trust of India Closes Trading Window from October 1, 2026 for Q2/H1 Results

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 26 Sep 2026, 11:45 AM

The Investment Trust of India Limited has announced the closure of its trading window for dealing in company securities starting Thursday, October 1, 2026. The closure complies with SEBI (Prohibition of Insider Trading) Regulations for the declaration of unaudited financial results for the quarter and half-year ended September 30, 2026. The window will reopen 48 hours after the financial results are declared to the exchanges. The exact date of the upcoming board meeting to approve the results will be intimated separately.

Trading window closes on Thursday, 01st October, 2026
Closure applies for the quarter and half-year ended 30th September, 2026 results
Window remains closed until 48 hours after the declaration of financial results
Board meeting date to declare results will be intimated separately

💡 Track subsequent exchange filings for the announcement of the Board meeting date and the release of Q2/H1 FY27 financial results.

The Investment Trust of India Convenes 35th AGM on September 28, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Aug 2026, 03:31 PM

The Investment Trust of India Limited has scheduled its 35th Annual General Meeting (AGM) for Monday, September 28, 2026, via Video Conferencing. Key ordinary agenda items include the adoption of audited standalone and consolidated financial statements for FY2025-26 and the reappointment of director Mrs. Khyati Valia. Special business includes approvals for material related party transactions and authorization under Section 185 to advance loans, guarantees, or securities up to Rs 3.15 crore for FY2026-27.

35th AGM scheduled for Monday, September 28, 2026, at 11:30 AM IST via Video Conferencing
Special resolution proposed to approve Section 185 loans/guarantees/securities up to Rs 3.15 crore for FY2026-27
Resolutions include approval for material related party transactions of the company and its subsidiaries
Notice distributed electronically to shareholders as per the record date of August 21, 2026

💡 Eligible shareholders may participate in remote e-voting and review the AGM voting results disclosed post September 28, 2026.

THEINVEST Q1 Consolidated PAT at ₹12.77 Cr; Withdraws AIF Business Transfer to Subsidiary

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 05:14 PM

The Investment Trust of India Limited (THEINVEST) reported a consolidated net profit of ₹12.77 Cr for the quarter ended June 30, 2026, on a revenue of ₹46.25 Cr. A significant update is the withdrawal of the proposal to transfer the AIF and fund management business to its subsidiary, ITI Asset Management Limited, meaning the parent company will continue as the Sponsor and Investment Manager. The company is also proceeding with the amalgamation of four wholly-owned subsidiaries into the parent entity, effective from the appointed date of April 1, 2026.

Consolidated revenue for Q1 FY27 reported at ₹46.25 Cr
Consolidated Net Profit for the quarter reached ₹12.77 Cr, representing ~36% of TTM PAT
Withdrawal of the AIF business transfer to ITI Asset Management Limited, originally proposed in May 2025
Amalgamation of 4 subsidiaries (ITI Gilts, ITI Wealth, ITI Alternate, Fortune Management) into the parent company
35th Annual General Meeting scheduled for September 28, 2026

💡 Investors should monitor the execution timeline of the four-subsidiary amalgamation and track how the retention of the AIF business within the parent entity affects standalone margins versus the previous restructuring plan.

THEINVEST Withdraws AIF Business Transfer; Reports Q1 PAT of Rs 12.77 Cr and 4-Subsidiary Merger

🟡 NEUTRAL ⭐ 6/10

BOARD_MEETING 📅 13 Aug 2026, 05:14 PM

The Investment Trust of India (THEINVEST) has cancelled the planned transfer of its AIF and asset management business to its subsidiary, ITI AMC, after previous regulatory approvals lapsed. The company will now merge four wholly-owned subsidiaries—ITI Gilts, ITI Wealth, ITI Alternate Funds, and Fortune Management—directly into the parent entity, effective April 1, 2026. For Q1 FY27 (June 2026), the group reported a consolidated net profit of Rs 12.77 Cr on revenue of Rs 46.26 Cr. The restructuring aims to consolidate similar business activities under the main listed entity.

Withdrawal of the proposal to transfer AIF and asset management functions to ITI Asset Management Limited.
Consolidated Q1 FY27 revenue reported at Rs 46.26 Cr, representing approximately 16% of TTM revenue.
Consolidated Q1 FY27 net profit reached Rs 12.77 Cr, contributing significantly to the TTM PAT of Rs 35 Cr.
Board approved the amalgamation of 4 wholly-owned subsidiaries into the parent company with an appointed date of April 1, 2026.
35th Annual General Meeting (AGM) scheduled for September 28, 2026.

💡 Monitor the regulatory approval process for the four-subsidiary merger and observe if the consolidation leads to improved operating margins in upcoming quarters.

NIL Shares Dematerialized for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jul 2026, 05:30 PM

The Investment Trust Of India Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The report, issued by Purva Sharegistry (India) Private Limited, confirms that zero shares were received for dematerialization during the period from April 1, 2026, to June 30, 2026. This is a standard administrative filing required for all listed companies to track the conversion of physical share certificates into electronic form. There is no impact on the company's financial position or business operations.

Reporting period covers the quarter from April 1, 2026, to June 30, 2026
Total number of share certificates dematerialized during the period was NIL
Compliance confirmed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Certificate issued by Registrar and Share Transfer Agent, Purva Sharegistry (India) Private Limited, on July 1, 2026

💡 No action is required as this is a routine procedural filing. Investors should monitor upcoming quarterly earnings for material business updates.

Trading Window Closed from July 01, 2026 for Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jul 2026, 05:10 PM

The Investment Trust Of India Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 01, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of unaudited financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the results are officially declared. The date for the board meeting to approve these results is yet to be announced.

Trading window closure commenced on July 01, 2026
Closure applies to the financial results for the quarter ended June 30, 2026
Restriction extends until 48 hours after the announcement of results
Board meeting date for result approval to be intimated separately

💡 Investors should wait for the upcoming announcement regarding the board meeting date to assess the company's Q1 FY27 financial performance.

The Investment Trust Of India Limited Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Jun 2026, 03:49 PM

The Investment Trust Of India Limited (THEINVEST) has notified the exchanges that its trading window will be closed starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming Q1 financial results for the period ending June 30, 2026. The window will remain shut until 48 hours after the board declares the unaudited financial results. The specific date for the board meeting to approve these results has not yet been announced.

Trading window closure commences on Wednesday, July 1, 2026.
Closure pertains to the unaudited financial results for the quarter ending June 30, 2026.
The window will reopen 48 hours after the official declaration of the quarterly results.
The notification follows the SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a routine regulatory filing and requires no immediate action from retail investors. Shareholders should await the announcement of the board meeting date to assess the company's quarterly performance.

THEINVEST Promoters Declare Zero Encumbrance on Shares for FY 2025-26

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 02 Jun 2026, 11:46 AM

Chintan Vijay Valia, representing the Promoter and Promoter Group of The Investment Trust of India Limited, has filed a disclosure under Regulation 31(4) of SEBI Takeover Regulations. The declaration confirms that no equity shares held by the promoters were pledged, encumbered, or invoked during the financial year ended March 31, 2026. This annual filing covers the entire promoter group, including major entities like ITI Finance Limited and Suraksha Asset Reconstruction Limited. Such disclosures are standard annual requirements to ensure transparency regarding the status of promoter shareholdings.

Promoters declared zero creation or invocation of encumbrances on equity shares for the financial year ended March 31, 2026.
Disclosure submitted in compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The declaration encompasses a comprehensive list of promoters including Chintan Vijay Valia, Sudhir Valia, and various LLPs and private entities.
The filing was formally submitted to both BSE and NSE on April 7, 2026.

💡 Investors should take this as a positive sign of financial health and stability within the promoter group, as no shares are currently pledged. No immediate action is required, but this confirms the security of the promoter's equity stake.

TITL Transfers Fund Management Business to Subsidiary ITI Asset Management

🟢 POSITIVE ⭐ 6/10

OTHER 📅 01 Jun 2026, 06:11 PM

The Investment Trust of India Limited (TITL) has received regulatory approvals from SEBI and IFSCA to transfer its fund management and advisory business to its wholly-owned subsidiary, ITI Asset Management Limited. The transfer involves the ITI Long Short Fund (Category III AIF) and the ITI Long Short Equity Offshore Fund (IFSC). This move is part of a strategic reorganization to consolidate and streamline the group's asset management activities. TITL will continue to maintain its role as the Sponsor for these funds.

Transfer of fund management and advisory business to wholly-owned subsidiary ITI Asset Management Limited
Includes ITI Long Short Fund (SEBI Category III AIF) and ITI Long Short Equity Offshore Fund (IFSC)
Obtained requisite approvals from SEBI and the International Financial Services Centres Authority (IFSCA)
TITL to remain the Sponsor of the funds despite the operational transfer
Consolidation aimed at streamlining group-level asset and fund management functions

💡 Investors should view this as a positive step toward operational efficiency and structural clarity within the group. Monitor the performance of the asset management vertical as it consolidates under a dedicated subsidiary.

The Investment Trust Of India Approves Merger of 4 Subsidiaries and FY26 Financial Results

🟢 POSITIVE ⭐ 8/10

M&A 📅 13 May 2026, 07:56 PM

The Investment Trust of India Limited (THEINVEST) has approved a scheme of amalgamation to merge four of its wholly-owned subsidiaries into the parent holding company. This move is aimed at streamlining the corporate structure and reducing administrative overheads. Additionally, the board provided an update on the ongoing demerger of the company into Distress Asset Specialist Limited (DASL). The company also released its audited financial results for the fiscal year ended March 31, 2026, receiving an unmodified opinion from statutory auditors.

Board approved the amalgamation of four wholly-owned subsidiaries into the holding company under Sections 230-233.
Provided a strategic update on the demerger of the company into Distress Asset Specialist Limited (DASL).
Audited financial results for the quarter and year ended March 31, 2026, were approved with an unmodified audit report.
The restructuring aims to optimize group resources and simplify the organizational hierarchy.

💡 Investors should monitor the progress of the demerger into DASL as it may lead to value unlocking. The consolidation of subsidiaries is a positive step toward operational efficiency and cost reduction.

ITI Ltd Approves FY26 Results, Subsidiary Mergers, and Demerger Update

🟢 POSITIVE ⭐ 8/10

BOARD_MEETING 📅 13 May 2026, 07:48 PM

The Investment Trust of India Limited (ITI) has approved its audited financial results for the fiscal year ending March 31, 2026, receiving an unmodified audit opinion from statutory auditors. The Board has sanctioned a Scheme of Amalgamation to merge several wholly owned subsidiaries into the parent company to streamline the corporate structure. Additionally, the company provided a progress update on the demerger of its business into Distress Asset Specialist Limited (DASL). These structural changes are intended to consolidate operations and potentially unlock value for shareholders through the demerger process.

Approval of Audited Financial Results (Consolidated and Standalone) for the year ended March 31, 2026.
Statutory auditors M/s Ramesh M. Sheth & Associates issued an unmodified opinion on the financial statements.
Board approved the Scheme of Amalgamation of wholly owned subsidiaries with the parent company.
Update provided on the demerger of The Investment Trust of India Limited into Distress Asset Specialist Limited (DASL).
Corporate restructuring aims to simplify the group's complex subsidiary network involving over 15 entities.

💡 Investors should monitor the timeline for the demerger into DASL as it represents a significant structural change that could lead to value unlocking. Review the full financial statements to assess the performance of the individual business segments before they are consolidated or demerged.

The Investment Trust of India Reports FY26 Results; Approves Subsidiary Mergers and Demerger Update

🟢 POSITIVE ⭐ 8/10

BOARD_MEETING 📅 13 May 2026, 07:42 PM

The Investment Trust of India Limited (ITI) has approved its audited financial results for the fiscal year ending March 31, 2026, receiving an unmodified audit opinion. In a significant move to simplify corporate structure, the Board approved the amalgamation of several wholly-owned subsidiaries into the parent company. Furthermore, the company provided an update on the proposed demerger of its business into Distress Asset Specialist Limited (DASL). These strategic restructurings are designed to optimize operations and potentially enhance shareholder value through focused business entities.

Audited financial results for FY26 approved with an unmodified auditor's opinion from Ramesh M. Sheth & Associates.
Board approved the Scheme of Amalgamation of wholly-owned subsidiaries into the parent company to streamline operations.
Progressed the demerger process of the company into Distress Asset Specialist Limited (DASL) under Sections 230-232.
The group structure includes key entities such as ITI Asset Management, Antique Stock Broking, and ITI Mutual Fund.
The board meeting concluded on May 13, 2026, after considering both consolidated and standalone financial statements.

💡 Investors should monitor the regulatory progress of the demerger into DASL as it represents a significant structural shift for value unlocking. The consolidation of subsidiaries is a positive step toward reducing compliance costs and improving operational efficiency.

The Investment Trust of India Announces Trading Window Closure for Q4 FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Apr 2026, 07:14 PM

The Investment Trust of India Limited has announced the closure of its trading window for the quarter and year ending March 31, 2026. This is a standard regulatory requirement under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain closed for designated persons and will reopen 48 hours after the audited financial results are disseminated. The specific date for the Board Meeting to approve these results has not yet been announced and will be shared separately.

Trading window closure revised for the quarter and year ending March 31, 2026
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
Window will reopen 48 hours after the dissemination of audited financial results
Board meeting date for financial result declaration to be intimated separately

💡 No immediate action is required as this is a routine regulatory filing. Investors should wait for the announcement of the board meeting date to assess the company's Q4 and full-year financial performance.

View All THEINVEST Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total segment revenue grew 18.7% to INR 386.18 Cr. Growth was led by Financing activities (up 85.1% to INR 111.10 Cr), Investment and Advisory services (up 28.8% to INR 61.49 Cr), Asset Management (up 15.4% to INR 24.85 Cr), and Broking (up 11.5% to INR 188.68 Cr). Trading activities declined 99.8% to INR 0.06 Cr.

Geographic Revenue Split

Not specifically disclosed in available documents, though operations are centered in India with 63 gold loan branches as of March 2025.

Profitability Margins

Net income from operations grew 19.4% to INR 364.99 Cr. Consolidated Profit Before Tax (PBT) margin improved significantly from 10.1% in FY24 to 15.4% in FY25, driven by a turnaround in the financing business.

EBITDA Margin

Consolidated PBT grew 82.2% YoY to INR 56.17 Cr. Core profitability in the Financing segment surged 177.9% to INR 44.21 Cr, while Broking PBIT grew 19.9% to INR 60.60 Cr.

Capital Expenditure

Not disclosed in absolute INR Cr for future periods, though the company is expanding its physical footprint, having reached 63 gold loan branches by March 2025.

Credit Rating & Borrowing

Finance costs increased 37% to INR 37.03 Cr in FY25 compared to INR 27.02 Cr in FY24, reflecting higher borrowing to support the 85% growth in financing assets.

⚙️ Operational Drivers

Raw Materials

Not applicable as THEINVEST is a financial services provider; the primary 'raw material' is capital/cost of funds.

Key Suppliers

Not applicable; however, external audit services are provided by MAKK & Co. Chartered Accountants.

Capacity Expansion

Gold loan business expanded to 63 branches as of March 31, 2025. Financing segment assets grew 45% from INR 566.57 Cr to INR 822.17 Cr.

Raw Material Costs

Finance costs represent 10.1% of total segment revenue, increasing 37% YoY due to expanded lending operations in Gold and Vehicle finance.

Manufacturing Efficiency

Not applicable; however, Asset Management efficiency is reflected in AUM crossing INR 9,242.25 Cr.

Logistics & Distribution

Distribution is driven by 63 branches and tech-led innovation to deepen presence in existing segments.

📈 Strategic Growth

Expected Growth Rate

35-40%

Growth Strategy

Growth will be achieved through a 35-40% targeted increase in AUM for Gold Loan and Vehicle Finance businesses, leveraging improved asset quality and expanded geographic reach. The company is pivoting toward Margin Trading Facility (MTF) to offset regulatory impacts on F&O trading and is investing in technology-led innovation to increase wallet share.

Products & Services

Securities broking, DP services, Microfinance loans, Merchant banking, Asset management, Gold loans, Vehicle finance, and Investment banking advisory.

Brand Portfolio

ITI Group, ITI Securities Broking, ITI Credit, Antique Stock Broking, ITI Capital, ITI Mutual Fund, ITI Gilts.

New Products/Services

Expansion into Margin Trading Facility (MTF) and debt syndication/ESG advisory in investment banking to diversify revenue streams.

Market Expansion

Deepening presence in existing segments with a focus on the 63-branch gold loan network and expanding vehicle finance reach.

Market Share & Ranking

Not disclosed; however, industry-wide MTF assets rose to INR 81,300 Cr by Jan 2025, a segment where the company is actively pivoting.

Strategic Alliances

Maintains an associate entity, ITI Finance Limited (formerly Fortune Integrated Assets Finance Limited), for vehicle finance.

🌍 External Factors

Industry Trends

The broking industry is transitioning from F&O-heavy revenue to MTF and fee-based streams due to a 70% drop in index options volumes following SEBI policy measures. The NBFC sector is seeing moderated growth of 13-15% due to higher borrowing costs.

Competitive Landscape

Listed brokerage firms are exhibiting earnings weakness due to stringent regulations and slower IPO issuance; THEINVEST is countering this through its turnaround in financing.

Competitive Moat

Moat is built on a diversified financial services platform (ITI Group) and a strong research team in equities/derivatives, which differentiates it from competitors through insightful business fundamentals.

Macro Economic Sensitivity

Highly sensitive to interest rate cycles and disposable income levels; growing disposable income presents a substantial opportunity for product diversification.

Consumer Behavior

Increasing retail participation in capital markets and formalization of credit are driving demand for the company's lending and broking products.

Geopolitical Risks

Economic and political stability are cited as factors that could materially impact operations.

⚖️ Regulatory & Governance

Industry Regulations

Impacted by SEBI measures including increased Securities Transaction Tax (STT) on derivatives and larger F&O contract sizes, which reshaped profitability trends in the broking segment.

Environmental Compliance

Investment banking division is expanding into advisory for ESG and sustainability-linked instruments.

Taxation Policy Impact

Effective tax rate for the half-year ended Sep 2025 was approximately 32.8% (INR 83.07 Lakhs tax on INR 253.25 Lakhs PBT).

Legal Contingencies

The company maintains an internal audit program with MAKK & Co. to ensure compliance; no specific high-value pending court cases were quantified in the provided text.

⚠️ Risk Analysis

Key Uncertainties

Regulatory volatility in the broking sector (70% volume risk) and credit risk in the microfinance/vehicle finance segments are the primary uncertainties.