Vanadium pentoxide (V2O5) and indium tin oxide (ITO) coated V2O5 thin films were prepared by hydrothermal technique. The influence of different molarity of V2O5 on the electrical properties of ITO-V2O5 films was investigated. The films were found to be polycrystalline and to belong to a V2O5 orthorhombic crystal system based on their X-ray diffraction (XRD) analysis. It was confirmed by Fourier transform infrared (FTIR) spectrum that V2O5 functional groups formed a V-O bond. The optical band gaps were found to increases with increasing molarity in the range 2.18 - 2.89 eV. Scanning electron microscopy (SEM) analysis shows crumbled paper-like morphology in the sheet-like layer arrangement. The dielectric current (DC) electrical conductivity was studied as function of molarity which indicated the semiconducting nature. The morphological and structural studies show enhanced results for 4% sample which makes it a viable candidature for optical and electrical applications.