ITC Ltd.

•

itcportal.comBSE: 500875NSE: ITC

Market Cap₹ 3,26,088 Cr.

Current Price

High / Low₹ 426 / 256

Stock P/E16.4

Book Value₹ 61

Price to Book5.00

Dividend Yield5.57 %

ROCE38.8 %

ROE29.7 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • FMCG - Cigarettes: 45.5% • FMCG - Others: 27.2% • Agri Business: 14.0%

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 37.6%
Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Company has consistently been profitable over the last 5 years
Company comfortably covers its interest (330.1x coverage)
Company has a consistent dividend-paying track record

CONS

Recent results are weak - TTM profit is down 91.2% versus prior year
Total debt has risen sharply - up 2295.6% year on year
Operating margins have contracted to 30.4% from 36.2%
Company has delivered a poor profit growth of 9.4% over past five years
Stock is trading at 5.0x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsFMCGCigarettes/Tobacco

Part ofNIFTY 50 NIFTY FMCG NIFTY100 QUALTY30 NIFTY DIV OPPS 50 NIFTYLARGEMIDCAP250

S.No.	Name
1.	ITC	260.25	16.44	326087.58	5.57	4508.79	-15.62	29523.30	28.32	38.83	17.84
2.	GODFRYPHLP	1928.00	21.98	30073.28	2.59	1983.90	456.84	38195.60	2020.43	33.70	5.49
3.	VSTIND	204.05	55.90	3466.02	5.88	42.42	-24.43	861.71	109.08	28.18	5.76
4.	IWP	33.86	36.58	216.61	0.59	2.51	118.28	65.19	26.76	3.02	8.02
5.	NTCIND	134.70	9.77	195.57	0.00	6.12	7.99	26.63	3.21	11.14	24.79

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	18,508	19,138	18,520	18,413	19,239	21,387	20,140	20,176	23,007	21,047	21,578	23,626	29,523
	11,969	12,816	12,450	12,259	12,805	14,984	13,988	13,857	16,313	14,561	14,824	16,897	24,810
Operating Profit	6,539	6,322	6,070	6,153	6,434	6,403	6,152	6,319	6,695	6,486	6,753	6,728	4,713
OPM %	35.33%	33.03%	32.77%	33.42%	33.44%	29.94%	30.55%	31.32%	29.10%	30.82%	31.30%	28.48%	15.96%
	722	665	648	683	683	611	596	640	682	672	219	560	250
Interest	10	10	12	11	10	15	10	11	16	20	19	29	40
Depreciation	442	453	384	385	403	416	416	411	423	435	431	422	428
Profit before Tax	6,940	6,656	6,463	6,590	6,815	6,732	6,532	6,738	7,059	6,912	6,652	7,033	5,861
Tax %	25.36%	25.54%	19.00%	24.03%	25.33%	26.10%	26.43%	24.95%	25.28%	25.93%	26.09%	24.21%	23.07%
Net Profit	0	0	0	0	5,177	5,054	5,013	1,98,079	5,343	5,187	5,018	5,470	4,509
	4.11	3.93	4.15	4.10	4.01	3.93	3.79	4.05	4.19	4.09	3.94	4.30	3.51

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	42,777	43,449	48,353	49,404	49,273	60,668	70,937	67,932	75,323	78,868	95,774
	27,316	26,946	29,927	30,120	32,258	40,045	45,239	42,744	49,499	51,563	71,092
Operating Profit	15,461	16,503	18,425	19,284	17,015	20,623	25,698	25,187	25,825	27,305	24,682
OPM %	36.14%	37.98%	38.11%	39.03%	34.53%	33.99%	36.23%	37.08%	34.29%	34.62%	25.77%
	1,762	2,250	2,181	2,468	2,634	1,892	2,055	2,756	2,683	2,147	1,702
Interest	49	115	71	81	58	60	78	39	45	85	108
Depreciation	1,153	1,236	1,397	1,645	1,646	1,732	1,809	1,518	1,646	1,711	1,715
Profit before Tax	16,026	17,409	19,150	20,035	17,938	20,740	25,915	26,400	26,927	28,033	26,458
Tax %	34.62%	33.98%	32.97%	22.17%	25.39%	25.25%	24.84%	23.52%	25.59%	25.02%	24.88%
Net Profit	10,477	11,493	12,836	15,593	13,383	15,503	19,477	20,191	20,036	21,018	19,875
EPS	8.45	9.20	10.24	12.45	10.70	12.37	15.46	16.39	27.77	16.51	—
Dividend Payout %	56.08%	55.76%	55.98%	81.51%	100.54%	92.97%	100.37%	83.91%	51.68%	87.81%	—

COMPOUNDED SALES GROWTH

10 Years:: 7%
5 Years:: 10%
3 Years:: 4%

COMPOUNDED PROFIT GROWTH

10 Years:: 8%
5 Years:: 9%
3 Years:: 3%

STOCK PRICE CAGR

10 Years:: 0%
5 Years:: 4%
3 Years:: -17%
1 Year:: -37%

RETURN ON EQUITY

10 Years:: 26%
5 Years:: 28%
3 Years:: 29%
Last Year:: 30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1,215	1,220	1,226	1,229	1,231	1,232	1,243	1,248	1,251	1,253
Minority Interest	295	334	343	377	347	366	384	383	368	366
	43,598	49,416	55,917	62,022	57,410	59,907	67,171	72,751	68,356	70,806
	97	139	90	355	515	379	751	824	563	2,879
Trade Payables	2,659	3,496	3,510	3,630	4,319	4,417	4,659	4,798	4,807	5,640
	8,035	9,635	10,653	9,697	9,939	10,894	11,624	11,750	12,658	12,693
Total Liabilities	55,898	64,241	71,739	77,311	73,761	77,196	85,831	91,754	88,003	93,637
	15,893	16,524	19,374	21,328	22,922	23,867	25,499	27,479	21,632	22,139
Capital Work in Progress	3,684	5,500	4,126	3,252	4,004	3,198	2,985	2,851	1,088	1,499
	17,581	22,053	25,043	28,663	24,871	24,841	29,415	31,114	34,720	38,128
	8,116	7,495	7,860	8,879	10,397	10,864	11,771	14,153	15,638	18,623
	0	0	0	0	0	0	0	4,026	4,720	3,923
Cash & Bank	2,967	2,900	4,152	7,277	4,659	4,654	4,880	7,218	4,012	3,009
	7,656	9,770	11,184	7,911	6,907	9,771	11,281	4,913	6,193	6,316
Total Assets	55,898	64,241	71,739	77,311	73,761	77,196	85,831	91,754	88,003	93,637

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	16,119	19,169	18,387	19,713	16,913	20,757	25,128	17,179	17,627	18,464
Cash from Investing	-3,251	-7,114	-5,546	-6,174	5,683	-2,238	-5,732	1,563	-364	-2,321
Cash from Financing	-7,301	-6,221	-6,869	-8,181	-18,634	-13,580	-13,006	-18,551	-17,037	-16,147
	75	-166	169	334	-424	-43	139	191	226	-4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	40.47	40.53	40.17	39.87	37.98	37.39	36.11	34.83	34.23
	41.37	41.94	42.28	42.46	44.01	44.58	46.28	46.93	47.15
	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.00	0.04
	15.47	14.84	14.88	14.91	15.08	15.17	14.95	15.98	16.60

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - ITC Limited has informed the Exchange about Schedule of meet

2026-09-01

General Updates

2026-09-01 - ITC Limited has informed the Exchange about Amalgamation of Blazeclan Technologies Private Limited and Cloudlytics Technologies Private Limited with ITC Infotech India Limited

2026-08-31

Acquisition

2026-08-31 - ITC Limited has informed the Exchange about Strategic combination of ITC Infotech India Limited and Happiest Minds Technologies Limited

2026-08-14

ESOP/ESOS/ESPS

2026-08-14 - ITC Limited has informed the Exchange regarding of 313800 Options.

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - ITC Limited has informed the Exchange about participation in Investor Conference

2026-08-13

Copy of Newspaper Publication

2026-08-13 - ITC Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-04 - ITC Limited has informed the Exchange about Schedule of meet

2026-08-01

General Updates

2026-08-01 - ITC Limited has informed the Exchange about Acquisition of Pulp and Paper Undertaking of Aditya Birla Real Estate Limited - Update

2026-07-31

General Updates

2026-07-31 - ITC Limited has informed the Exchange about General Updates

News

Recent coverage and analyst commentary for ITC

Loading news…

🤖

AI Stock Analyst

ITC Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

ITC

260.25

16.44

326087.58

5.57

4508.79

-15.62

29523.30

28.32

38.83

17.84

GODFRYPHLP

1928.00

21.98

30073.28

2.59

1983.90

456.84

38195.60

2020.43

33.70

5.49

VSTIND

204.05

55.90

3466.02

5.88

42.42

-24.43

861.71

109.08

28.18

5.76

IWP

33.86

36.58

216.61

0.59

2.51

118.28

65.19

26.76

3.02

8.02

NTCIND

134.70

9.77

195.57

0.00

6.12

7.99

26.63

3.21

11.14

24.79

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

18,508

19,138

18,520

18,413

19,239

21,387

20,140

20,176

23,007

21,047

21,578

23,626

29,523

11,969

12,816

12,450

12,259

12,805

14,984

13,988

13,857

16,313

14,561

14,824

16,897

24,810

Operating Profit

6,539

6,322

6,070

6,153

6,434

6,403

6,152

6,319

6,695

6,486

6,753

6,728

4,713

OPM %

35.33%

33.03%

32.77%

33.42%

33.44%

29.94%

30.55%

31.32%

29.10%

30.82%

31.30%

28.48%

15.96%

722

665

648

683

611

596

640

682

672

219

560

250

Interest

Depreciation

442

453

384

385

403

416

411

423

435

431

422

428

Profit before Tax

6,940

6,656

6,463

6,590

6,815

6,732

6,532

6,738

7,059

6,912

6,652

7,033

5,861

Tax %

25.36%

25.54%

19.00%

24.03%

25.33%

26.10%

26.43%

24.95%

25.28%

25.93%

26.09%

24.21%

23.07%

Net Profit

5,177

5,054

5,013

1,98,079

5,343

5,187

5,018

5,470

4,509

4.11

3.93

4.15

4.10

4.01

3.93

3.79

4.05

4.19

4.09

3.94

4.30

3.51

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

42,777

43,449

48,353

49,404

49,273

60,668

70,937

67,932

75,323

78,868

95,774

27,316

26,946

29,927

30,120

32,258

40,045

45,239

42,744

49,499

51,563

71,092

Operating Profit

15,461

16,503

18,425

19,284

17,015

20,623

25,698

25,187

25,825

27,305

24,682

OPM %

36.14%

37.98%

38.11%

39.03%

34.53%

33.99%

36.23%

37.08%

34.29%

34.62%

25.77%

1,762

2,250

2,181

2,468

2,634

1,892

2,055

2,756

2,683

2,147

1,702

Interest

115

108

Depreciation

1,153

1,236

1,397

1,645

1,646

1,732

1,809

1,518

1,646

1,711

1,715

Profit before Tax

16,026

17,409

19,150

20,035

17,938

20,740

25,915

26,400

26,927

28,033

26,458

Tax %

34.62%

33.98%

32.97%

22.17%

25.39%

25.25%

24.84%

23.52%

25.59%

25.02%

24.88%

Net Profit

10,477

11,493

12,836

15,593

13,383

15,503

19,477

20,191

20,036

21,018

19,875

EPS

8.45

9.20

10.24

12.45

10.70

12.37

15.46

16.39

27.77

16.51

—

Dividend Payout %

56.08%

55.76%

55.98%

81.51%

100.54%

92.97%

100.37%

83.91%

51.68%

87.81%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

1,215

1,220

1,226

1,229

1,231

1,232

1,243

1,248

1,251

1,253

Minority Interest

295

334

343

377

347

366

384

383

368

366

43,598

49,416

55,917

62,022

57,410

59,907

67,171

72,751

68,356

70,806

139

355

515

379

751

824

563

2,879

Trade Payables

2,659

3,496

3,510

3,630

4,319

4,417

4,659

4,798

4,807

5,640

8,035

9,635

10,653

9,697

9,939

10,894

11,624

11,750

12,658

12,693

Total Liabilities

55,898

64,241

71,739

77,311

73,761

77,196

85,831

91,754

88,003

93,637

15,893

16,524

19,374

21,328

22,922

23,867

25,499

27,479

21,632

22,139

Capital Work in Progress

3,684

5,500

4,126

3,252

4,004

3,198

2,985

2,851

1,088

1,499

17,581

22,053

25,043

28,663

24,871

24,841

29,415

31,114

34,720

38,128

8,116

7,495

7,860

8,879

10,397

10,864

11,771

14,153

15,638

18,623

4,026

4,720

3,923

Cash & Bank

2,967

2,900

4,152

7,277

4,659

4,654

4,880

7,218

4,012

3,009

7,656

9,770

11,184

7,911

6,907

9,771

11,281

4,913

6,193

6,316

Total Assets

55,898

64,241

71,739

77,311

73,761

77,196

85,831

91,754

88,003

93,637

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

16,119

19,169

18,387

19,713

16,913

20,757

25,128

17,179

17,627

18,464

Cash from Investing

-3,251

-7,114

-5,546

-6,174

5,683

-2,238

-5,732

1,563

-364

-2,321

Cash from Financing

-7,301

-6,221

-6,869

-8,181

-18,634

-13,580

-13,006

-18,551

-17,037

-16,147

-166

169

334

-424

-43

139

191

226

-4

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Promoters

0.00

40.47

40.53

40.17

39.87

37.98

37.39

36.11

34.83

34.23

41.37

41.94

42.28

42.46

44.01

44.58

46.28

46.93

47.15

0.04

0.00

0.04

15.47

14.84

14.88

14.91

15.08

15.17

14.95

15.98

16.60

ITC Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

ITC Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI