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 ₹ 469,180 Cr.
- Current Price ₹ 378
- High / Low ₹ 394 / 248
- Stock P/E 25.8
- Book Value ₹ 52.9
- Dividend Yield 3.04 %
- ROCE 33.6 %
- ROE 24.8 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.04%.
- Company has been maintaining a healthy dividend payout of 91.7%
Cons
- Stock is trading at 7.14 times its book value
- The company has delivered a poor sales growth of 7.23% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
22,566 | 26,516 | 31,618 | 35,306 | 38,817 | 39,192 | 42,768 | 43,449 | 48,340 | 49,388 | 49,257 | 60,645 | 69,857 | |
14,850 | 17,272 | 20,398 | 22,227 | 24,566 | 24,661 | 27,298 | 26,928 | 29,802 | 30,044 | 32,193 | 40,021 | 45,217 | |
Operating Profit | 7,716 | 9,244 | 11,221 | 13,080 | 14,252 | 14,531 | 15,470 | 16,521 | 18,537 | 19,344 | 17,065 | 20,623 | 24,640 |
OPM % | 34% | 35% | 35% | 37% | 37% | 37% | 36% | 38% | 38% | 39% | 35% | 34% | 35% |
510 | 772 | 852 | 966 | 1,229 | 1,483 | 1,759 | 2,240 | 2,080 | 2,417 | 2,577 | 1,910 | 1,869 | |
Interest | 92 | 102 | 108 | 29 | 91 | 78 | 49 | 115 | 71 | 81 | 58 | 60 | 42 |
Depreciation | 699 | 745 | 859 | 965 | 1,028 | 1,077 | 1,153 | 1,236 | 1,397 | 1,645 | 1,646 | 1,732 | 1,815 |
Profit before tax | 7,435 | 9,168 | 11,106 | 13,052 | 14,362 | 14,859 | 16,026 | 17,409 | 19,150 | 20,035 | 17,938 | 20,740 | 24,653 |
Tax % | 32% | 31% | 31% | 31% | 32% | 36% | 35% | 34% | 33% | 22% | 25% | 25% | |
Net Profit | 5,079 | 6,334 | 7,704 | 9,001 | 9,779 | 9,501 | 10,477 | 11,493 | 12,836 | 15,593 | 13,383 | 15,503 | 18,500 |
EPS in Rs | 4.32 | 5.34 | 6.42 | 7.45 | 8.04 | 7.74 | 8.47 | 9.24 | 10.27 | 12.45 | 10.69 | 12.37 | 14.72 |
Dividend Payout % | 69% | 56% | 55% | 54% | 52% | 73% | 56% | 56% | 56% | 82% | 101% | 93% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | 8% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 8% |
3 Years: | 6% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 35% |
1 Year: | 50% |
Return on Equity | |
---|---|
10 Years: | 25% |
5 Years: | 23% |
3 Years: | 24% |
Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 15,716 | 18,677 | 22,368 | 26,442 | 30,934 | 41,875 | 45,198 | 51,290 | 57,915 | 64,044 | 59,116 | 61,223 | 64,384 |
125 | 118 | 102 | 242 | 269 | 84 | 46 | 36 | 13 | 277 | 271 | 249 | 253 | |
9,777 | 10,509 | 12,069 | 13,369 | 13,948 | 8,888 | 9,440 | 11,695 | 12,585 | 11,760 | 13,143 | 14,491 | 16,281 | |
Total Liabilities | 26,391 | 30,085 | 35,329 | 40,848 | 45,952 | 51,651 | 55,898 | 64,241 | 71,739 | 77,311 | 73,761 | 77,196 | 82,157 |
9,172 | 10,007 | 12,140 | 12,921 | 15,303 | 15,107 | 15,893 | 16,524 | 19,374 | 21,713 | 23,298 | 24,232 | 25,046 | |
CWIP | 1,368 | 2,396 | 2,062 | 3,117 | 2,700 | 2,560 | 3,730 | 5,508 | 4,136 | 3,256 | 4,011 | 3,226 | 3,319 |
Investments | 4,868 | 5,207 | 5,981 | 7,284 | 6,943 | 11,748 | 17,581 | 22,053 | 25,043 | 28,663 | 24,871 | 24,841 | 24,834 |
10,984 | 12,475 | 15,146 | 17,526 | 21,006 | 22,237 | 18,694 | 20,156 | 23,185 | 23,678 | 21,580 | 24,898 | 28,958 | |
Total Assets | 26,391 | 30,085 | 35,329 | 40,848 | 45,952 | 51,651 | 55,898 | 64,241 | 71,739 | 77,311 | 73,761 | 77,196 | 82,157 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,509 | 6,256 | 7,102 | 7,344 | 9,843 | 9,799 | 10,627 | 13,169 | 12,583 | 14,690 | 12,527 | 15,776 | |
-871 | -2,694 | -3,881 | -3,254 | -5,275 | -3,921 | -3,251 | -7,114 | -5,546 | -6,174 | 5,740 | -2,238 | |
-3,580 | -3,305 | -3,310 | -4,122 | -4,661 | -5,613 | -7,301 | -6,221 | -6,869 | -8,181 | -18,634 | -13,580 | |
Net Cash Flow | 1,058 | 257 | -90 | -32 | -93 | 266 | 75 | -166 | 169 | 334 | -367 | -43 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 18 | 17 | 16 | 25 | 19 | 18 | 21 | 23 | 30 | 19 | 19 | 15 |
Inventory Days | 256 | 243 | 227 | 228 | 212 | 244 | 185 | 173 | 165 | 187 | 189 | 150 |
Days Payable | 67 | 58 | 53 | 58 | 50 | 63 | 60 | 80 | 74 | 76 | 78 | 61 |
Cash Conversion Cycle | 207 | 202 | 189 | 195 | 181 | 199 | 145 | 115 | 122 | 129 | 129 | 104 |
Working Capital Days | -22 | -15 | -5 | 9 | -4 | 52 | 45 | 31 | 32 | 35 | 36 | 31 |
ROCE % | 48% | 50% | 51% | 50% | 48% | 40% | 36% | 35% | 35% | 33% | 29% | 34% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 9h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
2d - The Company on 20th March, 2023 issued and allotted 76,26,290 Ordinary Shares of Re. 1/- each, upon exercise of 7,62,629 Options by Optionees under the …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Mar
- Postal Ballot Through Electronic Voting - Voting Results 16 Mar
Annual reports
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from bse
Concalls
-
Feb 2023TranscriptNotesPPT
-
Dec 2022TranscriptNotesPPT
-
Oct 2022TranscriptNotesPPT
-
Aug 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Dec 2021TranscriptNotesPPT
-
Oct 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Jul 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Dec 2020TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Sep 2020TranscriptNotesPPT
-
Jun 2019TranscriptNotesPPT
Geographical Distribution
For FY22, India accounted for 78% of ITC's revenue while rest was from exports[1]