ITC Ltd
Established in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business. [1]
- Market Cap ₹ 429,525 Cr.
- Current Price ₹ 346
- High / Low ₹ 362 / 207
- Stock P/E 25.3
- Book Value ₹ 51.9
- Dividend Yield 3.32 %
- ROCE 32.8 %
- ROE 24.9 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.32%.
- Company has been maintaining a healthy dividend payout of 92.7%
Cons
- The company has delivered a poor sales growth of 7.05% over past five years.
* 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.
Peer comparison
Sector: Tobacco Products Industry: Cigarettes
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
21,450 | 25,138 | 29,893 | 33,228 | 36,490 | 36,583 | 40,080 | 40,620 | 44,983 | 45,620 | 45,485 | 56,341 | 64,813 | |
13,993 | 16,258 | 19,222 | 20,740 | 22,970 | 22,843 | 25,474 | 25,041 | 27,551 | 27,635 | 29,895 | 37,448 | 42,974 | |
Operating Profit | 7,457 | 8,880 | 10,671 | 12,488 | 13,519 | 13,740 | 14,605 | 15,578 | 17,431 | 17,985 | 15,590 | 18,893 | 21,838 |
OPM % | 35% | 35% | 36% | 38% | 37% | 38% | 36% | 38% | 39% | 39% | 34% | 34% | 34% |
555 | 814 | 915 | 1,094 | 1,518 | 1,767 | 1,981 | 2,528 | 2,382 | 2,825 | 3,195 | 2,649 | 2,304 | |
Interest | 88 | 98 | 106 | 24 | 78 | 72 | 45 | 110 | 58 | 80 | 59 | 61 | 41 |
Depreciation | 656 | 699 | 796 | 900 | 962 | 1,001 | 1,038 | 1,145 | 1,312 | 1,563 | 1,562 | 1,652 | 1,689 |
Profit before tax | 7,268 | 8,898 | 10,684 | 12,659 | 13,998 | 14,434 | 15,503 | 16,852 | 18,444 | 19,167 | 17,164 | 19,830 | 22,412 |
Tax % | 31% | 31% | 31% | 31% | 31% | 35% | 34% | 33% | 32% | 21% | 24% | 24% | |
Net Profit | 4,988 | 6,162 | 7,418 | 8,785 | 9,608 | 9,328 | 10,201 | 11,223 | 12,464 | 15,136 | 13,032 | 15,058 | 16,983 |
EPS in Rs | 4.30 | 5.25 | 6.26 | 7.36 | 7.99 | 7.73 | 8.40 | 9.20 | 10.17 | 12.31 | 10.59 | 12.22 | 13.75 |
Dividend Payout % | 69% | 57% | 56% | 54% | 52% | 73% | 57% | 56% | 57% | 82% | 102% | 94% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 8% |
TTM: | 29% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 8% |
3 Years: | 6% |
TTM: | 20% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 5% |
3 Years: | 14% |
1 Year: | 59% |
Return on Equity | |
---|---|
10 Years: | 25% |
5 Years: | 23% |
3 Years: | 24% |
Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
774 | 782 | 790 | 795 | 802 | 805 | 1,215 | 1,220 | 1,226 | 1,229 | 1,231 | 1,232 | 1,240 | |
Reserves | 15,179 | 18,010 | 21,498 | 25,467 | 29,934 | 40,852 | 44,126 | 50,180 | 56,724 | 62,800 | 57,774 | 60,167 | 63,073 |
99 | 89 | 78 | 67 | 53 | 42 | 26 | 18 | 11 | 332 | 329 | 311 | 311 | |
9,381 | 10,107 | 11,652 | 12,901 | 13,407 | 8,333 | 8,849 | 10,963 | 11,837 | 10,874 | 12,246 | 13,382 | 14,236 | |
Total Liabilities | 25,434 | 28,988 | 34,017 | 39,229 | 44,196 | 50,031 | 54,216 | 62,381 | 69,798 | 75,235 | 71,580 | 75,092 | 78,859 |
8,345 | 9,099 | 11,209 | 12,013 | 14,178 | 14,011 | 14,880 | 15,566 | 18,486 | 20,518 | 22,188 | 23,221 | 23,349 | |
CWIP | 1,333 | 2,277 | 1,488 | 2,296 | 2,114 | 2,419 | 3,537 | 5,026 | 3,401 | 2,780 | 3,333 | 2,466 | 2,432 |
Investments | 5,555 | 6,317 | 7,060 | 8,823 | 8,405 | 13,325 | 18,585 | 23,397 | 26,578 | 30,631 | 26,984 | 27,282 | 27,646 |
10,201 | 11,296 | 14,260 | 16,097 | 19,498 | 20,277 | 17,213 | 18,393 | 21,332 | 21,307 | 19,075 | 22,123 | 25,431 | |
Total Assets | 25,434 | 28,988 | 34,017 | 39,229 | 44,196 | 50,031 | 54,216 | 62,381 | 69,798 | 75,235 | 71,580 | 75,092 | 78,859 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,333 | 6,016 | 6,710 | 6,962 | 9,309 | 9,212 | 10,002 | 12,651 | 11,749 | 13,806 | 11,494 | 14,808 | |
-685 | -2,544 | -3,581 | -2,823 | -4,820 | -3,711 | -2,780 | -6,691 | -5,082 | -5,517 | 6,555 | -1,517 | |
-3,552 | -3,247 | -3,233 | -4,174 | -4,574 | -5,465 | -7,138 | -6,020 | -6,601 | -7,891 | -18,379 | -13,337 | |
Net Cash Flow | 1,096 | 225 | -103 | -35 | -85 | 36 | 84 | -60 | 67 | 399 | -330 | -46 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 15 | 14 | 14 | 24 | 17 | 17 | 20 | 21 | 30 | 17 | 17 | 13 |
Inventory Days | 236 | 214 | 200 | 204 | 195 | 231 | 180 | 167 | 160 | 170 | 173 | 139 |
Days Payable | 62 | 55 | 50 | 55 | 47 | 60 | 58 | 78 | 71 | 73 | 75 | 59 |
Cash Conversion Cycle | 188 | 173 | 163 | 173 | 165 | 188 | 141 | 110 | 119 | 114 | 115 | 93 |
Working Capital Days | -28 | -27 | -17 | -2 | -13 | 48 | 44 | 28 | 30 | 28 | 29 | 26 |
ROCE % | 48% | 50% | 51% | 51% | 48% | 40% | 35% | 34% | 34% | 32% | 28% | 33% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Director
20 Jan - Mr. Navneet Doda has stepped down from the Board of the Company with effect from today i.e., 20th January, 2023. Mr. Doda represented the General …
- Board Meeting Intimation for Board Meeting - 3Rd February, 2023 20 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 Jan
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
19 Jan - The Company on 19th January, 2023 issued and allotted 17,05,960 Ordinary Shares of Re. 1/- each, upon exercise of 1,70,596 Options by Optionees under the …
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Dec 2022TranscriptPPT
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Oct 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Dec 2021TranscriptPPT
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Dec 2020TranscriptPPT
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Sep 2020TranscriptPPT
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Jun 2019TranscriptPPT
Geographical Distribution
For FY22, India accounted for 78% of ITC's revenue while rest was from exports[1]