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ITC Overview

ITC Limited is an primarily India-based holding enterprise. The Company operates through four segments: FMCG (fast shifting consumer items), Hotels, Paperboards, Paper and Packaging and Agri Business. The FMCG section consists of Cigarettes, cigars and Others, which includes branded packaged ingredients agencies (staples and meals; snacks; dairy and drinks; biscuits and desserts; candies, coffee, and confectionery); education and stationery products; personal care products; safety matches and agarbattis and garb. Its Hotels section consists of ...Read More

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ITC Key Financials

Market Cap ₹402689 Cr.

Stock P/E 20.1

P/B 5.3

Current Price ₹321.4

Book Value ₹ 60.6

Face Value 1

52W High ₹444.2

Dividend Yield 4.46%

52W Low ₹ 302

ITC Share Price

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Volume
Price

ITC Quarterly Price

Show Value Show %

ITC Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 19270 18660 18562 19350 21536 20350 20376 23129 21256 21707
Other Income 665 648 683 683 611 596 640 682 584 574
Total Income 19935 19309 19245 20033 22147 20946 21017 23812 21840 22281
Total Expenditure 12816 12450 12259 12805 14984 13988 13857 16313 14561 14824
Operating Profit 7119 6859 6986 7228 7163 6958 7160 7499 7279 7457
Interest 10 12 11 10 15 10 11 16 20 19
Depreciation 453 384 385 403 416 416 411 423 435 431
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 88 -355
Profit Before Tax 6656 6463 6590 6815 6732 6532 6738 7059 6912 6652
Provision for Tax 1700 1228 1584 1726 1757 1726 1681 1785 1792 1736
Profit After Tax 4956 5235 5006 5089 4975 4806 5057 5275 5120 4916
Adjustments -58 101 114 3 18 129 14671 -30 6 15
Profit After Adjustments 4898 5335 5121 5092 4993 4935 19727 5244 5126 4931
Adjusted Earnings Per Share 3.9 4.3 4.1 4.1 4 3.9 15.8 4.2 4.1 3.9

ITC Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 38835 39192 42777 43449 48353 49404 49273 60668 70937 67932 75323 86468
Other Income 1338 1536 1762 1837 2181 2601 2634 1892 1982 2756 2683 2480
Total Income 40173 40728 44538 45286 50533 52005 51907 62560 72919 70687 78007 88950
Total Expenditure 24692 24722 27316 26946 29927 30120 32258 40045 45239 42744 49499 59555
Operating Profit 15481 16006 17222 18340 20606 21885 19649 22515 27680 27943 28508 29395
Interest 91 78 49 115 71 81 58 60 78 39 45 66
Depreciation 1028 1077 1153 1236 1397 1645 1646 1732 1809 1518 1646 1700
Exceptional Income / Expenses 0 0 0 413 0 -132 0 0 73 0 0 -267
Profit Before Tax 14362 14859 16026 17409 19150 20035 17938 20740 25915 26400 26927 27361
Provision for Tax 4596 5358 5549 5916 6314 4442 4555 5237 6438 6209 6890 6994
Profit After Tax 9766 9501 10477 11493 12836 15593 13383 15503 19477 20191 20036 20368
Adjustments -102 -156 -188 -221 -244 -287 -222 -260 -285 268 14710 14662
Profit After Adjustments 9663 9344 10289 11271 12592 15306 13161 15243 19192 20459 34747 35028
Adjusted Earnings Per Share 8 7.7 8.5 9.2 10.3 12.5 10.7 12.4 15.4 16.4 27.8 28

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 11% 7% 9% 7%
Operating Profit CAGR 2% 8% 5% 6%
PAT CAGR -1% 9% 5% 7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -25% -5% 7% 5%
ROE Average 28% 29% 27% 26%
ROCE Average 37% 38% 35% 37%

ITC Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 31735 42680 46413 52510 59141 65273 60347 62456 69155 74507 70030
Minority's Interest 225 261 295 334 343 377 347 366 384 383 368
Borrowings 61 27 18 12 8 6 6 5 3 2 0
Other Non-Current Liabilities 1771 2026 2051 2135 2235 2094 2371 2206 2549 3172 3271
Total Current Liabilities 12160 6658 7121 9250 10012 9560 10690 12164 13739 13690 14334
Total Liabilities 45952 51651 55898 64241 71739 77311 73761 77196 85831 91754 88003
Fixed Assets 15303 15107 15893 16524 19374 21328 22922 23867 25499 27479 21632
Other Non-Current Assets 5074 11682 13736 21323 20618 16477 15847 19096 20661 23209 22477
Total Current Assets 25574 24863 26269 26394 31747 39505 34992 34232 39671 41066 43893
Total Assets 45952 51651 55898 64241 71739 77311 73761 77196 85831 91754 88003

ITC Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 276 -2 264 339 174 343 677 310 267 406 597
Cash Flow from Operating Activities 9843 9799 10627 13169 12583 14690 12527 15776 18878 17179 17627
Cash Flow from Investing Activities -5275 -3921 -3251 -7114 -5546 -6174 5683 -2238 -5732 1563 -396
Cash Flow from Financing Activities -4661 -5613 -7301 -6221 -6869 -8181 -18634 -13581 -13006 -18551 -17037
Net Cash Inflow / Outflow -93 266 75 -166 169 334 -424 -43 139 191 194
Closing Cash & Cash Equivalent 183 264 339 174 343 677 310 267 406 597 622

ITC Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 8.04 7.74 8.47 9.24 10.27 12.45 10.69 12.37 15.44 16.39 27.77
CEPS(Rs) 8.98 8.76 9.57 10.43 11.61 14.02 12.21 13.99 17.13 17.39 17.33
DPS(Rs) 4.17 5.67 4.75 5.15 5.75 10.15 10.75 11.5 15.5 13.75 14.35
Book NAV/Share(Rs) 26.35 34.36 36.89 41.49 46.61 51.46 47.64 49.61 55.05 59.27 55.62
Core EBITDA Margin(%) 26.6 26.28 26.34 34.61 36.95 37.52 32.01 31.63 33.58 34.09 31.64
EBIT Margin(%) 27.19 27.13 27.38 36.75 38.55 39.14 33.86 31.9 33.97 35.78 33.05
Pre Tax Margin(%) 27.02 26.99 27.3 36.51 38.41 38.98 33.75 31.81 33.87 35.73 32.99
PAT Margin (%) 18.37 17.26 17.85 24.1 25.74 30.34 25.18 23.78 25.45 27.33 24.55
Cash Profit Margin (%) 20.3 19.21 19.81 26.69 28.54 33.54 28.27 26.43 27.82 29.38 26.57
ROA(%) 22.5 19.47 19.48 19.13 18.88 20.92 17.72 20.54 23.89 22.74 22.29
ROE(%) 33.21 25.97 24.28 24.08 23.82 25.9 21.96 25.89 30.07 28.36 27.9
ROCE(%) 48.72 39.99 36.03 35.4 34.42 32.33 28.65 33.87 39.49 36.79 37.3
Receivable days 15.18 12.92 13.65 19.73 24.59 23.43 17.39 13.89 12.92 17.24 19.56
Inventory Days 57.82 58.5 53.4 59.74 56.2 59.44 66.18 59.51 53.99 64.03 66.62
Payable days 50.98 58.64 56.84 70.85 73.39 75.12 72.06 60.43 57.11 63.97 54.82
PER(x) 27 28.25 33.11 27.71 28.88 13.81 20.43 20.28 24.83 26.15 14.76
Price/Book(x) 8.23 6.36 7.6 6.17 6.37 3.34 4.59 5.06 6.97 7.23 7.37
Dividend Yield(%) 1.92 2.59 1.69 2.01 1.94 5.9 4.92 4.59 4.04 3.21 3.5
EV/Net Sales(x) 6.52 6.58 7.9 7.12 7.44 4.13 5.36 5.02 6.65 7.77 6.76
EV/Core EBITDA(x) 16.36 16.12 19.61 16.87 17.45 9.33 13.45 13.52 17.04 18.89 17.85
Net Sales Growth(%) 9.96 0.92 9.15 1.57 11.29 2.17 -0.27 23.13 16.93 -4.24 10.88
EBIT Growth(%) 10.49 3.35 7.62 9.01 9.68 4.65 -10.54 15.58 24.96 1.72 2.01
PAT Growth(%) 8.62 -2.71 10.28 9.69 11.69 21.48 -14.17 15.84 25.63 3.67 -0.76
EPS Growth(%) 7.84 -3.68 9.42 9.03 11.23 21.22 -14.13 15.68 24.85 6.12 69.44
Debt/Equity(x) 0.01 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 2.1 3.73 3.69 2.85 3.17 4.13 3.27 2.81 2.89 3 3.06
Quick Ratio(x) 1.4 2.37 2.55 2.04 2.39 3.2 2.3 1.92 2.03 1.97 1.97
Interest Cover(x) 158.89 191.18 327.87 152.37 269.2 247.19 310.44 346.73 334.23 676.03 598.58
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

ITC Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 0 0 0 0 0 0 0 0 0 0
FII 43.32 43.23 40.93 40.45 40.52 40.15 39.86 37.97 37.38 36.1
DII 41.94 42.01 43.78 44.04 44.61 44.94 45.21 46.93 47.43 48.91
Public 14.69 14.7 15.24 15.46 14.83 14.88 14.9 15.08 15.17 14.96
Others 0.06 0.06 0.05 0.05 0.05 0.03 0.03 0.03 0.02 0.02
Total 100 100 100 100 100 100 100 100 100 100

ITC News

ITC Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 29%
  • Debtor days have improved from 63.97 to 54.82days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 0%.
  • Stock is trading at 5.3 times its book value.
  • The company has delivered a poor profit growth of 5% over past five years.
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