ITC Ltd was founded in 24 August 1910, was originally named as “Imperial Tobacco Company of India Limited“. In 1974 it was rename as the India Tobacco Company Limited in 1970 and later to I.T.C. Limited in 1974. In 2001 again remained as ITC Limited.
ITC Limited is an Indian multi-industry, it’s headquartered in Kolkata. The company operates in six main areas: fast-moving consumer goods (FMCG), hotels, farming-related businesses, information technology, paper products, and packaging. Most of its income comes from selling tobacco products.
ITC is the second largest FMCG company in India with third largest tobacco company in the world.
| Category | Price (₹) |
|---|---|
| Today’s High | 480.10 |
| Today’s Low | 473.00 |
| 52-Week High | 528.50 |
| 52-Week Low | 399.35 |
Current Fundamentals of ITC Limited :-
| Category | Value |
|---|---|
| Market Cap | ₹ 5,96,703.17 Cr. |
| Enterprise Value | ₹ 5,91,861.79 Cr. |
| No. of Shares | 1,251.08 Cr. |
| P/E | 29.05 |
| P/B | 7.93 |
| Face Value | ₹ 1 |
| Dividend Yield | 2.88 % |
| Book Value (TTM) | ₹ 60.16 |
| Cash | ₹ 4,880.19 Cr. |
| Debt | ₹ 38.81 Cr. |
| Promoter Holding | 0 % |
| EPS (TTM) | ₹ 16.42 |
| Sales Growth | -0.08 % |
| ROE | 29.14 % |
| ROCE | 37.88 % |
| Profit Growth | 6.54 % |
- ITC Ltd shown a good ROE of 29.14% in last one year and 28.37% in last 3 years.
- Company has shown 37.08% ROCE in last 3 years and 37.88% in past one year.
- Company is debt free.
- Company has a healthy interest coverage.
Target in ITC Ltd for 2025-2030 :-
| Year | Value |
|---|---|
| 2025 | 500 |
| 2026 | 530 |
| 2027 | 550 |
| 2028 | 580 |
| 2029 | 610 |
| 2030 | 640 |
Shareholding :-
Quarterly Result Data:-
| Particulars | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|---|---|
| Net Sales | 19,270.02 | 19,484.50 | 19,446.49 | 20,029.60 | 22,281.89 |
| Total Expenditure | 12,815.78 | 12,980.68 | 12,820.27 | 13,281.19 | 15,520.11 |
| Operating Profit | 6,454.24 | 6,503.82 | 6,626.22 | 6,748.41 | 6,761.78 |
| Other Income | 664.88 | 656.83 | 683.83 | 694.88 | 615.96 |
| Interest | 9.87 | 13.60 | 12.59 | 11.25 | 16.38 |
| Depreciation | 453.04 | 459.45 | 461.44 | 498.57 | 520.37 |
| Exceptional Items | 0.00 | -5.52 | -2.05 | -3.04 | -1.15 |
| Profit Before Tax | 6,656.21 | 6,682.08 | 6,833.97 | 6,930.43 | 6,839.84 |
| Tax | 1,700.31 | 1,281.57 | 1,646.75 | 1,761.06 | 1,793.52 |
| Profit After Tax | 4,955.90 | 5,400.51 | 5,187.22 | 5,169.37 | 5,046.32 |
| Adjustments | -57.83 | -65.28 | -66.67 | -77.78 | -53.45 |
| Consolidated Net Profit | 4,898.07 | 5,335.23 | 5,120.55 | 5,091.59 | 4,992.87 |
| Adjusted EPS (₹) | 3.93 | 4.28 | 4.10 | 4.08 | 3.99 |
Profit & Loss data :-
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Net Sales | 49,404.05 | 49,272.78 | 60,668.09 | 70,936.85 | 70,881.00 |
| Total Expenditure | 30,119.87 | 32,257.85 | 40,044.94 | 45,238.77 | 44,648.50 |
| Operating Profit | 19,284.18 | 17,014.93 | 20,623.15 | 25,698.08 | 26,232.50 |
| Other Income | 2,600.57 | 2,633.72 | 1,892.24 | 1,981.91 | 2,783.79 |
| Interest | 81.38 | 57.97 | 59.99 | 77.77 | 80.06 |
| Depreciation | 1,644.91 | 1,645.59 | 1,732.41 | 1,809.01 | 1,816.39 |
| Exceptional Items | -132.11 | 0.00 | 0.00 | 72.87 | -7.57 |
| Profit Before Tax | 20,034.57 | 17,938.17 | 20,740.47 | 25,915.12 | 27,139.88 |
| Tax | 4,441.79 | 4,555.29 | 5,237.34 | 6,438.40 | 6,388.52 |
| Profit After Tax | 15,592.78 | 13,382.88 | 15,503.13 | 19,476.72 | 20,751.36 |
| Adjustments | -286.55 | -221.69 | -260.47 | -285.06 | -292.58 |
| Consolidated Net Profit | 15,306.23 | 13,161.19 | 15,242.66 | 19,191.66 | 20,458.78 |
| Adjusted EPS (₹) | 12.45 | 10.69 | 12.37 | 15.44 | 16.39 |
Balance Sheet (Figures in ₹ Crores) :-
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Equity and Liabilities | |||||
| Share Capital | 1,229.22 | 1,230.88 | 1,232.33 | 1,242.80 | 1,248.47 |
| Total Reserves | 64,044.04 | 59,116.46 | 61,223.24 | 67,912.46 | 73,258.53 |
| Minority Interest | 377.47 | 346.81 | 366.30 | 383.53 | 382.97 |
| Borrowings | 5.90 | 5.58 | 4.85 | 3.49 | 1.76 |
| Other N/C Liabilities | 2,094.35 | 2,371.35 | 2,205.59 | 2,549.27 | 3,171.84 |
| Current Liabilities | 9,559.77 | 10,689.68 | 12,163.71 | 13,739.41 | 13,690.40 |
| Total Liabilities | 77,310.75 | 73,760.76 | 77,196.02 | 85,830.96 | 91,753.97 |
| Assets | |||||
| Net Block | 21,327.98 | 22,921.92 | 23,867.39 | 25,499.01 | 27,479.29 |
| Capital WIP | 3,251.61 | 4,004.45 | 3,198.45 | 2,984.71 | 2,851.14 |
| Intangible WIP | 4.85 | 6.84 | 27.09 | 18.59 | 9.64 |
| Investments | 10,715.02 | 10,024.54 | 12,576.73 | 12,182.16 | 18,169.60 |
| Loans & Advances | 2,109.82 | 1,401.27 | 2,909.91 | 2,976.40 | 1,505.85 |
| Other N/C Assets | 396.12 | 409.75 | 384.00 | 2,499.20 | 672.91 |
| Current Assets | 39,505.35 | 34,991.99 | 34,232.45 | 39,670.89 | 41,065.54 |
| Total Assets | 77,310.75 | 73,760.76 | 77,196.02 | 85,830.96 | 91,753.97 |
Cash Flows (Figures in ₹ Crores) :-
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Profit from Operations | 20,034.57 | 17,938.17 | 20,740.47 | 25,915.12 | 27,139.88 |
| Adjustment | -618.16 | -611.77 | 116.54 | 136.82 | -504.43 |
| Changes in Assets & Liabilities | 296.14 | -412.90 | -99.55 | -924.15 | -3,337.03 |
| Tax Paid | -5,022.89 | -4,386.53 | -4,981.95 | -6,250.24 | -6,119.56 |
| Operating Cash Flow | 14,689.66 | 12,526.97 | 15,775.51 | 18,877.55 | 17,178.86 |
| Investing Cash Flow | -6,174.02 | 5,739.98 | -2,238.49 | -5,732.29 | 1,562.77 |
| Financing Cash Flow | -8,181.48 | -18,633.83 | -13,580.50 | -13,006.03 | -18,550.96 |
| Net Cash Flow | 334.16 | -366.88 | -43.48 | 139.23 | 190.67 |
Ongoing projects :
- Paper Bottles: ITC Ltd is teaming up with Frugalpac to bring eco-friendly paper bottles to India and South Asia.
- Balposhan Project: ITC is running a program called Balposhan to fight child malnutrition, focusing on kids under five years old.
- Food Technology: ITC is exploring new ways to grow its business by using advanced food technology.
- Right Shift Brand: ITC is starting a new nutrition brand called Right Shift, offering healthy snacks, drinks, and meals.
- Sustainability Goals: ITC is working on projects to:
- Fight climate change.
- Support people’s livelihoods.
- Build eco-friendly buildings.
- Promote recycling and sustainable packaging.
- Use climate-smart farming methods.
- Manage water responsibly.
Future Projects :-
ITC Ltd has several plans for the future, including:-
- Hotels: ITC Ltd plans to open 35 new managed hotels and add 300 more rooms.
- Food Tech: The company is creating new digital-first food brands and businesses focused on fresh food.
- Sustainability: ITC Ltd is working on eco-friendly initiatives like fighting climate change, building green buildings, using sustainable packaging, and protecting biodiversity.
- Agriculture: ITC Ltd is exploring new opportunities in agriculture, especially in nicotine and related products.
- Cost Savings: The company is reducing costs and improving efficiency by using technology, replacing imports, and integrating its operations.
For its investment plans, ITC Ltd will spend 35% on the FMCG (Fast-Moving Consumer Goods) segment, 30-35% on paper-related projects, and the rest on agriculture, technology, and sustainability.