ITC Ltd

ITC Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ITC Ltd

₹ 452 -0.53%
05 Dec 4:01 p.m.
itcportal.com BSE: 500875 NSE : ITC
About

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]

Key Points

Geographical Distribution
For FY22, India accounted for 78% of ITC's revenue while rest was from exports[1]

Website BSE NSE
  • Market Cap ₹ 5,63,466 Cr.
  • Current Price ₹ 452
  • High / Low ₹ 500 / 325
  • Stock P/E 28.0
  • Book Value ₹ 55.4
  • Dividend Yield 2.82 %
  • ROCE 39.0 %
  • ROE 29.1 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
  • Company has been maintaining a healthy dividend payout of 98.0%
  • Company's working capital requirements have reduced from 29.1 days to 20.1 days

Cons

  • Stock is trading at 8.09 times its book value
  • The company has delivered a poor sales growth of 10.3% 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

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
12,077 13,080 14,342 13,247 13,757 17,108 16,556 18,489 17,108 17,705 17,635 17,164 17,774
7,676 8,295 9,471 8,804 8,740 11,510 10,956 12,412 10,849 11,000 11,011 10,494 11,320
Operating Profit 4,401 4,785 4,871 4,444 5,018 5,598 5,599 6,077 6,259 6,705 6,624 6,670 6,454
OPM % 36% 37% 34% 34% 36% 33% 34% 33% 37% 38% 38% 39% 36%
582 546 579 447 469 422 499 321 455 595 683 722 665
Interest 13 13 3 9 10 10 11 9 13 9 12 10 10
Depreciation 405 413 409 414 422 430 467 438 462 447 461 442 453
Profit before tax 4,565 4,905 5,039 4,467 5,055 5,580 5,620 5,950 6,239 6,844 6,833 6,940 6,656
Tax % 25% 27% 24% 25% 26% 26% 24% 25% 25% 26% 24% 25% 26%
3,413 3,587 3,820 3,344 3,766 4,127 4,266 4,472 4,682 5,080 5,243 5,190 4,965
EPS in Rs 2.74 2.87 3.05 2.66 3.01 3.29 3.40 3.56 3.73 4.03 4.16 4.10 3.93
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
26,516 31,618 35,306 38,817 39,192 42,768 43,449 48,340 49,388 49,257 60,645 70,919 70,278
17,272 20,398 22,227 24,566 24,661 27,298 26,928 29,802 30,044 32,193 40,021 45,215 43,825
Operating Profit 9,244 11,221 13,080 14,252 14,531 15,470 16,521 18,537 19,344 17,065 20,623 25,704 26,453
OPM % 35% 35% 37% 37% 37% 36% 38% 38% 39% 35% 34% 36% 38%
772 852 966 1,229 1,483 1,759 2,240 2,080 2,417 2,577 1,910 2,098 2,665
Interest 102 108 29 91 78 49 115 71 81 58 60 78 41
Depreciation 745 859 965 1,028 1,077 1,153 1,236 1,397 1,645 1,646 1,732 1,809 1,804
Profit before tax 9,168 11,106 13,052 14,362 14,859 16,026 17,409 19,150 20,035 17,938 20,740 25,915 27,273
Tax % 31% 31% 31% 32% 36% 35% 34% 33% 22% 25% 25% 25%
6,334 7,704 9,001 9,779 9,501 10,477 11,493 12,836 15,593 13,383 15,503 19,477 20,477
EPS in Rs 5.34 6.42 7.45 8.04 7.74 8.47 9.24 10.27 12.45 10.69 12.37 15.44 16.22
Dividend Payout % 56% 55% 54% 52% 73% 56% 56% 56% 82% 101% 93% 100%
Compounded Sales Growth
10 Years: 8%
5 Years: 10%
3 Years: 13%
TTM: 1%
Compounded Profit Growth
10 Years: 10%
5 Years: 12%
3 Years: 7%
TTM: 17%
Stock Price CAGR
10 Years: 8%
5 Years: 11%
3 Years: 32%
1 Year: 35%
Return on Equity
10 Years: 25%
5 Years: 25%
3 Years: 25%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 782 790 795 802 805 1,215 1,220 1,226 1,229 1,231 1,232 1,243 1,247
Reserves 18,677 22,368 26,442 30,934 41,875 45,198 51,290 57,915 64,044 59,116 61,223 67,912 67,852
118 102 242 269 84 46 36 13 277 271 249 306 284
10,509 12,069 13,369 13,948 8,888 9,440 11,695 12,585 11,760 13,143 14,491 16,370 17,754
Total Liabilities 30,085 35,329 40,848 45,952 51,651 55,898 64,241 71,739 77,311 73,761 77,196 85,831 87,137
10,007 12,140 12,921 15,303 15,107 15,893 16,524 19,374 21,713 23,298 24,232 25,851 26,303
CWIP 2,396 2,062 3,117 2,700 2,560 3,730 5,508 4,136 3,256 4,011 3,226 3,003 3,190
Investments 5,207 5,981 7,284 6,943 11,748 17,581 22,053 25,043 28,663 24,871 24,841 29,415 26,637
12,475 15,146 17,526 21,006 22,237 18,694 20,156 23,185 23,678 21,580 24,898 27,561 31,007
Total Assets 30,085 35,329 40,848 45,952 51,651 55,898 64,241 71,739 77,311 73,761 77,196 85,831 87,137

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6,256 7,102 7,344 9,843 9,799 10,627 13,169 12,583 14,690 12,527 15,776 18,878
-2,694 -3,881 -3,254 -5,275 -3,921 -3,251 -7,114 -5,546 -6,174 5,740 -2,238 -5,732
-3,305 -3,310 -4,122 -4,661 -5,613 -7,301 -6,221 -6,869 -8,181 -18,634 -13,580 -13,006
Net Cash Flow 257 -90 -32 -93 266 75 -166 169 334 -367 -43 139

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 17 16 25 19 18 21 23 30 19 19 15 15
Inventory Days 243 227 228 212 244 185 173 165 187 189 150 148
Days Payable 58 53 58 50 63 60 80 74 76 78 61 59
Cash Conversion Cycle 202 189 195 181 199 145 115 122 129 129 104 105
Working Capital Days -15 -5 9 -4 52 45 31 32 35 36 31 20
ROCE % 50% 51% 50% 47% 40% 36% 34% 34% 32% 28% 33% 39%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
13.31% 12.79% 11.74% 10.81% 9.99% 11.99% 12.68% 42.68% 42.99% 43.35% 43.62% 43.34%
42.94% 42.50% 42.40% 43.72% 43.79% 42.77% 42.82% 42.38% 42.19% 42.08% 41.92% 41.94%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.04% 0.04% 0.04% 0.04%
43.75% 44.71% 45.86% 45.47% 46.22% 45.24% 44.50% 14.87% 14.78% 14.52% 14.41% 14.68%
No. of Shareholders 19,28,21321,96,47526,30,12825,68,03029,97,69928,40,96428,38,03628,96,35829,36,69229,30,52730,13,79332,74,360

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Oct 2023
    Transcript
    Notes
    PPT
  • Aug 2023
    Transcript
    Notes
    PPT
  • Aug 2023
    Transcript
    Notes
    PPT
  • Jul 2023
    Transcript
    Notes
    PPT
  • May 2023
    Transcript
    Notes
    PPT
  • Feb 2023
    Transcript
    Notes
    PPT
  • Dec 2022
    Transcript
    Notes
    PPT
  • Oct 2022
    Transcript
    Notes
    PPT
  • Aug 2022
    Transcript
    Notes
    PPT
  • May 2022
    Transcript
    Notes
    PPT
  • Feb 2022
    Transcript
    Notes
    PPT
  • Dec 2021
    Transcript
    Notes
    PPT
  • Oct 2021
    Transcript
    Notes
    PPT
  • Aug 2021
    Transcript
    Notes
    PPT
  • Jul 2021
    Transcript
    Notes
    PPT
  • Jun 2021
    Transcript
    Notes
    PPT
  • Jun 2021
    Transcript
    Notes
    PPT
  • Feb 2021
    Transcript
    Notes
    PPT
  • Feb 2021
    Transcript
    Notes
    PPT
  • Dec 2020
    Transcript
    Notes
    PPT
  • Nov 2020
    Transcript
    Notes
    PPT
  • Sep 2020
    Transcript
    Notes
    PPT
  • Jun 2019
    Transcript
    Notes
    PPT