ITC.NS — ITC Limited

Generated 2026-06-10 22:23

Quarterly Verdict

🟢 93/100

Worth buying

Quality grade B; 4 improving / 2 weakening metrics this quarter.

➕ Pricing power (gross margin): Gross margin 59% — wide margins, likely pricing power
➕ Leverage (net debt / EBITDA): Net cash — $213.6B more cash than debt
➕ Non-cyclical (beta): Beta -0.08 — low volatility vs market
➕ Returns capital to shareholders: dividend ~5.7%; shares -0.9%/yr
➖ Revenue -11.5% vs last quarter
➕ Net income +9.3% vs last quarter
➕ Operating margin +4.5 pts vs last quarter
➕ Free cash flow +6.1% vs last quarter
➕ Cash +3.8% vs last quarter
➖ Debt +742.2% vs last quarter

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Valuation

Analyst consensus
UndervaluedFairOvervalued
Target ₹346.33 · Price ₹283.65 · +18% margin of safety · 33 analysts · range ₹290.00–₹486.00

Outside circle of competence — analyst targets only. Not financial advice.

Key Trends (6-yr)

GAAP EPS
Sales
Shares Outstanding

Quality Scorecard

B83/100
Pricing power (gross margin) 59% Gross margin 59% — wide margins, likely pricing power
🟡 Free cash flow yield 3.5% FCF yield 3.5% — moderate
Leverage (net debt / EBITDA) net cash Net cash — $213.6B more cash than debt
Non-cyclical (beta) -0.08 Beta -0.08 — low volatility vs market
Recurring revenue no recurring-revenue tag (add to watchlist.json / company_meta.json)
Returns capital to shareholders yes dividend ~5.7%; shares -0.9%/yr
🟡 Buyback efficiency (net share-count Δ) -0.9%/yr Shares outstanding -0.9% YoY — roughly flat

Compounder checklist (proxy metrics from yfinance). 6 of 7 criteria scored. Not financial advice.

Company Overview

Basic Information

Company Name: ITC Limited
Symbol: ITC.NS
Exchange: NSI
Sector: Consumer Defensive
Industry: Tobacco

Company Details

Country: India
City: Kolkata
Employees: N/A
Market Cap: ₹3.55T

Business Description

ITC Limited engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally. The company offers cigarettes and cigars; foods, including staples, spices, biscuits, confectionery and gums, snacks, noodles and pasta, beverages, dairy products, ready-to-eat meals, chocolates, coffee, and frozen foods; personal care products; education and stationery, such as balls, gels and roller pens, mechanical pencils, geometry boxes, erasers, sharpeners and rulers, wax crayons, plastic crayons, and sketch pens and oil pastels; safety matches; and agarbattis and dhoops under various brands, as well as operates a hotel under the ITC Grand Central name in Mumbai. It also provides virgin, recycled, coated barrier, cupstock base, liner, liquid packaging, antifungal, solid, and graphic boards, as well as specialty papers; surfacing, print base, barrier, overlay, and liner papers; plastic substitution products; and packaging products, including cartons, flexible, tobacco, and green packaging products. In addition, the company exports feed ingredients, food grains, marine products, processed fruits, coffee products, leaf tobacco products, and spices; and offers information technology services for the banking and financial services, healthcare, manufacturing, consumer goods, travel, and hospitality industries, as well as produces and commercializes seed potato technology products. Further, it provides property infrastructure maintenance; engineering, procurement and construction management and project management consultancy services; business consulting; and agro-forestry and other related services, as well as engages in the fabrication and assembly of machinery for tube filling, cartoning, wrapping, and conveyor solutions and engineering activities. ITC Limited was incorporated in 1910 and is headquartered in Kolkata, India.

Key Metrics

Price & Valuation

Current Price
₹283.65
Market Cap
₹3.55T
P/E Ratio
17.17
Forward P/E
16.02
PEG Ratio
1.78
Price to Book
4.90

Profitability

Profit Margin: 26.23%
Operating Margin: 36.48%
Gross Margin: 58.73%
Return on Equity (ROE): 29.34%
Return on Assets (ROA): 17.60%
Revenue Growth: -5.00%

Financial Health

Current Ratio: 3.04
Quick Ratio: 1.66
Debt to Equity: 3.29
Total Debt: ₹23.99B
Total Cash: ₹237.59B
Beta: -0.08

Trading & Analyst Info

52-Week Range

52-Week High: ₹428.10
52-Week Low: ₹275.05
50-Day Average: ₹300.43
200-Day Average: ₹351.35

Analyst Recommendations

Recommendation: HOLD
Target Mean Price: ₹346.33
Target High: ₹486.00
Target Low: ₹290.00

Price History

Financial Statements

Income Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Tax Effect Of Unusual Items₹-729.97M₹0.00₹2.12B₹802.47MN/A
Tax Rate For Calcs₹0.25₹0.26₹0.24₹0.25N/A
Normalized EBITDA₹301.21B₹289.23B₹273.55B₹274.44BN/A
Total Unusual Items₹-2.92B₹0.00₹9.01B₹3.23BN/A
Total Unusual Items Excluding Goodwill₹-2.92B₹0.00₹9.01B₹3.23BN/A
Net Income From Continuing Operation Net Minority Interest₹206.89B₹197.31B₹198.98B₹191.92BN/A
Reconciled Depreciation₹17.11B₹19.51B₹18.16B₹18.09BN/A
Reconciled Cost Of Revenue₹325.48B₹319.79B₹273.46B₹294.61BN/A
EBITDA₹298.29B₹289.23B₹282.56B₹277.67BN/A
EBIT₹281.19B₹269.72B₹264.39B₹259.58BN/A
Net Interest Income₹-851.70M₹-450.60M₹16.58B₹14.56BN/A
Interest Expense₹851.70M₹450.60M₹391.10M₹432.00MN/A
Interest IncomeN/A₹14.89B₹16.97B₹15.34B₹10.83B
Normalized Income₹209.08B₹197.31B₹192.09B₹189.49BN/A
Net Income From Continuing And Discontinued Operation₹206.89B₹347.47B₹204.59B₹191.92BN/A

Showing 15 of 53 rows

Balance Sheet (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Treasury Shares Number₹0.00N/AN/AN/AN/A
Ordinary Shares Number₹12.53B₹12.51B₹12.48B₹12.43BN/A
Share Issued₹12.53B₹12.51B₹12.48B₹12.43BN/A
Net Debt₹15.43BN/AN/AN/AN/A
Total Debt₹23.99B₹2.85B₹3.04B₹3.06BN/A
Tangible Book Value₹682.38B₹664.05B₹710.40B₹656.30BN/A
Invested Capital₹746.94B₹701.22B₹745.19B₹691.94BN/A
Working Capital₹340.21B₹295.59B₹273.75B₹259.31BN/A
Net Tangible Assets₹682.38B₹664.05B₹710.40B₹656.30BN/A
Capital Lease Obligations₹2.13B₹1.93B₹2.92B₹2.67BN/A
Common Stock Equity₹725.07B₹700.30B₹745.07B₹691.55BN/A
Total Capitalization₹725.67B₹700.30B₹745.09B₹691.59BN/A
Total Equity Gross Minority Interest₹728.73B₹703.98B₹748.90B₹695.39BN/A
Minority Interest₹3.66B₹3.68B₹3.83B₹3.84BN/A
Stockholders Equity₹725.07B₹700.30B₹745.07B₹691.55BN/A

Showing 15 of 82 rows

Cash Flow Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Free Cash Flow₹162.81B₹153.48B₹136.16B₹161.35BN/A
Repayment Of Debt₹-1.05B₹-540.20M₹-15.70M₹-7.30MN/A
Issuance Of Debt₹21.20B₹895.00M₹80.00M₹0.00N/A
Issuance Of Capital Stock₹4.05B₹7.97B₹14.43B₹24.77BN/A
Capital Expenditure₹-21.83B₹-22.79B₹-35.63B₹-27.43BN/A
End Cash Position₹6.19B₹6.22B₹5.97B₹4.06BN/A
Other Cash Adjustment Outside Changein CashN/A₹-2.00BN/AN/AN/A
Beginning Cash Position₹6.22B₹5.97B₹4.06B₹2.67BN/A
Changes In Cash₹-35.50M₹2.26B₹1.91B₹1.39BN/A
Financing Cash Flow₹-161.47B₹-170.37B₹-185.51B₹-130.06BN/A
Net Other Financing Charges₹-1.46B₹275.40M₹121.20M₹353.70MN/A
Interest Paid Cff₹-817.00M₹-500.10M₹-462.50M₹-414.20MN/A
Cash Dividends Paid₹-182.71B₹-177.82B₹-198.99B₹-154.18BN/A
Common Stock Dividend Paid₹-182.71B₹-177.82B₹-198.99B₹-154.18BN/A
Net Common Stock Issuance₹4.05B₹7.97B₹14.43B₹24.77BN/A

Showing 15 of 52 rows

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