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ITC

₹436.5 -0.1 | 0%

Market Cap ₹544958 Cr.

Stock P/E 26.5

P/B 7.5

Current Price ₹436.5

Book Value ₹ 58.3

Face Value 1

52W High ₹499.6

Dividend Yield 3.55%

52W Low ₹ 399.3

ITC Research see more...

Overview Inc. Year: 1910Industry: Cigarettes/Tobacco

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 Hoteliering. Its Paperboards, Paper and Packaging phase includes Paperboards, Paper including Specialty Paper and Packaging along with Flexibles. Its Agri Business section consists of Agri commodities which include soya, spices, espresso, and leaf tobacco. Its Other section includes IT services and branded houses. Its manufacturers encompass Aashirvaad, Bingo!, Candyman, Fiama, Vivel, Classmate, Superia, Engage, Mangaldeep, Aim and Homelites.

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ITC Share Price

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Quarterly Price

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ITC Quarterly Results

#(Fig in Cr.) Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018
Net Sales 15009 13800 9764 9952 10813
Other Income 402 477 494 642 517
Total Income 15411 14277 10258 10595 11330
Total Expenditure 11133 10054 6002 6063 6669
Operating Profit 4277 4223 4256 4531 4661
Interest -11 10 29 24 23
Depreciation 242 268 282 291 304
Exceptional Income / Expenses 0 0 0 413 0
Profit Before Tax 4047 3945 3944 4630 4333
Provision for Tax 1378 1384 1304 1539 1401
Profit After Tax 2669 2561 2640 3090 2933
Adjustments -2669 -2561 -2640 -3090 -2933
Profit After Adjustments 0 0 0 0 0
Adjusted Earnings Per Share 2.2 2.1 2.2 2.5 2.4

ITC Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 29901 33239 36507 36583 40089 40628 44996 45620 45485 56341 66043 44329
Other Income 967 1107 1613 1828 2002 2153 2494 3025 3252 2649 2447 2130
Total Income 30868 34346 38121 38411 42091 42781 47490 48645 48737 58990 68490 46460
Total Expenditure 19283 20763 23083 22904 25505 25087 27676 27702 29952 37448 42076 28788
Operating Profit 11586 13583 15038 15507 16586 17694 19814 20943 18785 21542 26414 17671
Interest 106 24 78 72 45 110 58 80 59 61 74 86
Depreciation 796 900 962 1001 1038 1145 1312 1563 1562 1652 1663 1145
Exceptional Income / Expenses 0 0 0 0 0 413 0 -132 0 0 73 413
Profit Before Tax 10684 12659 13998 14434 15503 16852 18444 19167 17164 19830 24750 16852
Provision for Tax 3266 3874 4390 5106 5302 5628 5980 4031 4133 4772 5997 5628
Profit After Tax 7418 8785 9608 9328 10201 11223 12464 15136 13032 15058 18753 11224
Adjustments 0 0 0 0 0 0 0 0 0 0 0 -11224
Profit After Adjustments 7418 8785 9608 9328 10201 11223 12464 15136 13032 15058 18753 0
Adjusted Earnings Per Share 6.3 7.4 8 7.7 8.4 9.2 10.2 12.3 10.6 12.2 15.1 9.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 17% 13% 10% 8%
Operating Profit CAGR 23% 8% 8% 9%
PAT CAGR 25% 7% 11% 10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 4% 28% 7% 7%
ROE Average 30% 26% 25% 28%
ROCE Average 38% 33% 33% 39%

ITC Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 22288 26262 30736 41656 45341 51400 57950 64029 59005 61400 67594
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 66 51 39 26 18 11 8 6 5 5 3
Other Non-Current Liabilities 1332 1412 1739 1995 2027 2114 2219 2111 2397 2210 2249
Total Current Liabilities 10331 11504 11682 6354 6830 8857 9622 9089 10174 11478 12416
Total Liabilities 34017 39229 44196 50031 54216 62381 69798 75235 71580 75093 82262
Fixed Assets 11209 12013 14178 14011 14880 15566 18486 20132 21811 22856 23822
Other Non-Current Assets 5217 6288 6062 12786 14798 22312 21743 18596 17954 21294 23236
Total Current Assets 17591 20929 23955 23234 24537 24503 29569 36507 31815 30942 35203
Total Assets 34017 39229 44196 50031 54216 62381 69798 75235 71580 75093 82262

ITC Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 259 156 121 36 72 156 96 163 561 231 185
Cash Flow from Operating Activities 6710 6962 9309 9212 10002 12651 11749 13806 11494 14808 17912
Cash Flow from Investing Activities -3581 -2823 -4823 -3711 -2780 -6691 -5082 -5517 6498 -1517 -5159
Cash Flow from Financing Activities -3233 -4174 -4574 -5465 -7138 -6020 -6601 -7891 -18379 -13337 -12730
Net Cash Inflow / Outflow -103 -35 -87 36 84 -60 67 399 -387 -46 22
Closing Cash & Cash Equivalent 156 121 36 72 156 96 163 561 231 185 207

ITC Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 6.26 7.36 7.99 7.73 8.4 9.2 10.17 12.31 10.59 12.22 15.09
CEPS(Rs) 6.93 8.12 8.79 8.56 9.25 10.13 11.24 13.59 11.86 13.56 16.43
DPS(Rs) 5.25 6 6.25 8.5 4.75 5.15 5.75 10.15 10.75 11.5 15.5
Book NAV/Share(Rs) 18.76 21.97 25.52 33.51 36.01 40.58 45.64 50.44 46.55 48.76 53.79
Core EBITDA Margin(%) 25.22 26.5 26.64 26.33 26.3 35.06 37.83 38.28 32.01 31.62 34.12
EBIT Margin(%) 25.63 26.95 27.93 27.93 28.04 38.26 40.41 41.12 35.49 33.29 35.34
Pre Tax Margin(%) 25.37 26.89 27.78 27.79 27.96 38.01 40.28 40.95 35.37 33.19 35.23
PAT Margin (%) 17.62 18.66 19.07 17.96 18.4 25.32 27.22 32.34 26.86 25.2 26.69
Cash Profit Margin (%) 19.51 20.58 20.98 19.88 20.27 27.9 30.09 35.68 30.07 27.97 29.06
ROA(%) 23.55 23.99 23.03 19.8 19.57 19.25 18.86 20.87 17.75 20.53 23.84
ROE(%) 36.21 36.27 33.77 26.23 24.23 24.07 23.63 25.66 21.85 25.66 29.55
ROCE(%) 52.45 52.2 49.38 40.05 35.72 35.05 33.83 31.55 27.99 33.04 38.49
Receivable days 9.3 12.91 14.08 11.98 12.82 18.79 23.93 22.37 15.73 12.35 11.1
Inventory Days 53.04 54.13 55.04 57.47 53.92 62.17 59.09 60.92 65.85 59.47 53.49
Payable days 47.16 50.72 48.41 56.07 54.59 68.58 71.19 72.16 69.13 58.04 54.19
PER(x) 32.92 31.95 27.15 28.3 33.4 27.83 29.18 13.97 20.64 20.53 25.41
Price/Book(x) 10.98 10.71 8.5 6.53 7.79 6.31 6.5 3.41 4.69 5.14 7.13
Dividend Yield(%) 1.7 1.7 1.92 2.59 1.69 2.01 1.94 5.9 4.92 4.59 4.04
EV/Net Sales(x) 8.05 8.35 6.94 7.06 8.43 7.62 8 4.48 5.83 5.42 7.16
EV/Core EBITDA(x) 20.78 20.43 16.85 16.66 20.38 17.51 18.17 9.77 14.1 14.17 17.9
Net Sales Growth(%) 18.9 11.16 9.83 0.21 9.58 1.34 10.75 1.39 -0.29 23.87 17.22
EBIT Growth(%) 19.95 17.54 10.99 3.06 7.19 9.09 9.08 4.03 -10.52 15.48 24.81
PAT Growth(%) 20.38 18.42 9.36 -2.91 9.35 10.02 11.06 21.44 -13.9 15.55 24.54
EPS Growth(%) 19.11 17.66 8.51 -3.29 8.66 9.51 10.57 21.1 -14.02 15.41 23.49
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 1.7 1.82 2.05 3.66 3.59 2.77 3.07 4.02 3.13 2.7 2.84
Quick Ratio(x) 1.06 1.18 1.38 2.32 2.44 1.95 2.28 3.13 2.2 1.82 1.98
Interest Cover(x) 101.88 536.72 179.43 201.67 343 154.76 318.78 239.27 292.21 328.6 337.37
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

ITC Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 0 0 0 0 0 0 0 0 0 0
FII 9.98 11.98 12.66 42.65 42.96 43.32 43.6 43.32 43.23 40.93
DII 43.73 42.72 42.78 42.4 42.2 42.09 41.94 41.94 42.01 43.78
Public 46.16 45.18 44.46 14.87 14.77 14.54 14.41 14.69 14.7 15.24
Others 0.12 0.12 0.1 0.07 0.07 0.06 0.06 0.06 0.06 0.05
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 26%
  • Debtor days have improved from 58.04 to 54.19days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 0%.
  • Stock is trading at 7.5 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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