1. India Stocks

  2. •

    Consumer Defensive

  3. •

    Tobacco
ITC Limited

ITC Limited

ITC.BO
ITC LimitedIN flagBombay Stock Exchange
284.55
INR
-4.35
- -
3.57TMarket Cap
ITC Limited
ITC.BO
(Bombay Stock Exchange)

Recent

price

284.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
19.34
22.46
26.59
29.44
32.12
32.19
35
35.42
39.11
39.89
39.8
48.78
56.73
54.08
59.71
62.45
63.72
Revenue per Share
4.41
5.37
6.46
7.48
8.08
7.75
8.5
9.26
10.3
12.47
10.7
12.38
15.5
16.42
27.79
16.52
16.07
Basic EPS, GAAP
3.48
3.25
3.78
3.75
5.47
6.18
6.2
8.45
7.7
9.97
8.69
11.07
13.03
10.93
12.28
13
- -
Free Cash Flow per Basic Share
3.36
3
3.05
3.57
4.08
4.26
5.78
4.89
5.33
5.95
15.35
11.19
12.45
15.97
14.22
14.59
- -
Dividend per Share
-0.33
2.49
4.21
6.21
13.04
14.9
16.04
19.58
23.66
29.08
24.76
26.41
29.55
30.03
40.2
42.24
- -
Book Value per Share
14.07
16.45
19.44
22.75
31.68
35.06
38.03
42.85
48.01
52.87
47.07
48.72
53.32
57.32
53.41
54.78
- -
Tangible Book Value per Share
11,521
11,656
11,780
11,882
11,964
12,054
12,104
12,176
12,231
12,279
12,301
12,317
12,382
12,461
12,502
12,524
12,510
Basic Weighted Avg Shares
222,791
261,795
313,234
349,847
384,333
388,042
423,600
431,229
478,390
489,791
489,528
600,814
702,452
673,910
746,533
782,133
797,127
Sales/Revenue/Turnover
33.93
32.66
33
34.96
34.24
34.74
33.81
35.44
35.87
36.14
31.52
31.45
34.02
35.12
32.41
32.73
31.27
Operating Margin (%)
6,992
7,455
8,591
9,649
10,280
10,774
11,528
12,363
13,966
16,449
16,456
17,324
18,090
18,164
19,506
17,105
16,859
Depreciation Expense
50,790
62,581
76,081
88,914
96,632
93,444
102,894
112,712
125,923
153,062
131,612
152,427
191,917
204,588
347,466
206,895
201,031
Net Income, GAAP
31.82
31.04
30.72
31.11
32
36.06
34.62
33.98
32.97
22.17
25.39
25.25
24.84
23.52
25.59
25.02
25.79
Effective Tax Rate (%)
22.8
23.9
24.29
25.42
25.14
24.08
24.29
26.14
26.32
31.25
26.89
25.37
27.32
30.36
46.54
26.45
25.22
Profit Margin (%)
51,612
64,907
85,397
106,950
182,697
182,040
191,481
171,435
217,353
299,456
243,023
220,687
259,315
273,751
295,592
340,211
- -
Working Capital
898
1,054
908
764
398
267
184
115
82
2,099
2,125
1,985
2,169
2,324
1,372
2,009
- -
LT Debt
166,307
196,157
233,378
274,400
385,599
429,404
467,077
528,446
594,843
656,507
606,942
628,219
695,388
748,900
703,979
728,730
- -
Total Equity
32.71
32.18
32.88
32.69
26.83
21.05
20.83
20.26
20.43
21.91
18.11
22.66
26.78
24.71
24.38
25.91
- -
Return on Invested Capital (%)
-1,672.74
407.77
179.61
134.54
80.17
53.65
53.16
50.53
46.27
45.88
38.47
46.75
53.79
53.58
77.45
38.33
1,021.88
Return on Capital (%)
- -
- -
193.62
144.19
84.08
55.67
55.06
52.12
47.71
47.35
39.78
48.4
55.54
55.29
79.26
40.11
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
1,476
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1,372
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
12,514
- -
Market Capitalization
5,704,871
5,122,676
5,210,241

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
438,933
- -
Cash, Cash Equivalents & STI
- -
200,350
- -
Accounts Receivable, Net
- -
47,197
- -
Inventories
- -
158,361
- -
Total Current Liabilities
- -
143,341
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,476
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.67%
3.88%
3.52%
Free Cash Flow
9.58%
9.81%
6.08%
Net Income, GAAP
11.66%
15.54%
-40.46%
Sales/Revenue/Turnover
7.54%
10.23%
4.77%
Total Cash Common Dividend
20.75%
1.21%
2.75%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
170,332
176,420
170,549
177,676
673,910
2025
176,668
198,411
185,804
199,182
746,533
2026
213,729
199,182
176,289
- -
782,133

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.11
3.93
4.28
- -
16.42
2025
4.08
3.99
3.95
3.94
27.79
2026
4.19
3.94
4.3
- -
16.52

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
15.97
2025
- -
- -
- -
- -
14.22
2026
- -
- -
- -
- -
14.59
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Business
ITC Limited, a diversified Indian conglomerate headquartered in Kolkata, West Bengal, and founded in 1910, operates across fast-moving consumer goods (FMCG), paperboards and specialty papers, packaging, agri-business, and information technology segments; it generates a plurality of revenue from tobacco products including cigarettes and cigars under brands such as Gold Flake and Classic. The company offers an extensive FMCG portfolio encompassing foods like staples, spices (ITC MasterChef), biscuits (Sunfeast), confectionery (Candyman, minto), snacks (Bingo!), noodles (Yippee!), ready-to-eat meals (Kitchens of India), dairy (Aashirvaad Svasti), beverages (B Natural), frozen foods, and chocolates (Fabelle); personal care products under Fiama, Vivel, Savlon, Shower to Shower, Engage, and Dermafique brands; education and stationery such as Classmate notebooks, pens, and Paperkraft; safety matches (Homelites, Aim); incense sticks (Mangaldeep); and handrolled cigars (Armenteros). In paperboards and specialty papers, ITC produces high-quality boards for packaging industries; its packaging and printing division provides eco-friendly solutions for FMCG, pharmaceuticals, and food sectors; the agri-business division engages in commodity trading of wheat, rice, coffee, soy, and seafood exports, supported by the e-Choupal network benefiting millions of farmers; and ITC Infotech delivers IT services including software development, digital transformation, and consulting in banking, manufacturing, and healthcare. ITC maintains operations across India at over 60 locations with exports to nearly 90 countries, and key subsidiaries include ITC Infotech India Limited, Surya Nepal Private Limited (cigarettes and FMCG in Nepal), Russell Credit Limited (investments), Technico Pty Limited (agri-biotech), ITC Filtrona Limited (filters), and Gold Flake Corporation Limited (tobacco trading). Recent major changes include the demerger of its hotels business into ITC Hotels Limited effective January 1, 2025, retaining a continuing interest while enabling focused growth in hospitality with brands like ITC Hotels, Welcomhotel, Storii, Fortune, and Mementos, alongside international expansion such as ITC Ratnadipa in Sri Lanka; strategic acquisitions in 2025 comprising 100% of Sresta Natural Bioproducts Private Limited and the remaining stake in Mother Sparsh Baby Care Private Limited for baby care expansion, 43.75% in Ample Foods Private Limited (including Chao Chao Foods and Meat and Spice) for frozen and ready-to-cook foods, and the pulp and paper undertaking of Century Pulp and Paper from Aditya Birla Real Estate on a slump sale basis; and increased stakes in EIH (Oberoi Group) to 16.13% and HLV (Leela Mumbai) to 8.11% via Russell Credit.