ITC Share Price Target 2024-2030 Fundamentals & Quarterly Results

ITC Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – One hundred and thirteen years ago, ITC Limited was founded in 1910 in Virginia house Kolkata, West Bengal as a successful FMCG company before its expansion into software, packaging, paperboards and Agri business lines. With an equity capitalisation that stands at 5.54 trillion rupees, it ranks second behind Hindustan Unilever Limited (HUL) in terms of Market value among FMCG firms operating within India’s national borders. In the financial year 2022-23, Company gross Rs 78,498.70 crores in revenue collected from selling goods or services.ITC Share Price Target

ITC Overview

ITC was started in 1910 and is presently the biggest cigarette manufacturer and vendor in the nation. It has business divisions in five (5): FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business.

Company NameITC
Listed atNSE & BSE
Head Office37 J.L.Nehru Road, Kolkata 700 071
Board Of Directors
  • Sanjiv Puri Chairman & Managing Director
  • Sumant Bhargavan Executive Director
  • Supratim Dutta Executive Director & Chief Financial Officer
  • Hemant Malik Executive Director
  • Shilabhadra Banerjee Independent Director
  • Hemant Bhargava Independent Director
  • Alka Marezban Bharucha Independent Director
  • Arun Duggal Independent Director
  • Mukesh Gupta Non-Executive Director
  • Rahul Jain Non-Executive Director
  • Shyamal Mukherjee Independent Director
  • Anand Nayak Independent Director
  • Sunil Panray Non-Executive Director
  • Nirupama Rao Independent Director
  • Ajit Kumar Seth Independent Director
  • Meera Shankar Independent Director
  • Atul Singh Non-Executive Director
  • Pushpa Subrahmanyam Independent Director
Official Website itcportal.com

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ITC Business Profile

ITC is a major Indian private company and also a diversified business group that operates in Fast Moving Consumer Goods, Hotels as well as Paperboards and Packaging, Agri Business and Information Technology sectors. With revenue amounting to ₹ 69,481 crore gross and net profit at ₹ 18,753.31 crore (as at 31.03.2023) this corporation is recognized among the top value-generating firms within India.

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FMCG – Cigarettes

The organised internal market of cigarettes belongs to ITC where its dominance over the market is at 80% . It is a company that sells a variety of cigarette brands which include Insignia, India Kings, Classic, Gold Flake, American Club, Will’s Navy Cut, Players, Scissors, Capstan, Berkeley, Bristol, Flake, Silk Cut, and Duke & Royal.
India stands as the 4th largest market for illegal cigarettes globally. Besides accounting for only a 10th of total cigarette consumed, legal cigarettes contribute approximately 80% share of total tax collected.

FMCG – Others

ITC operates in several FMCG markets, with around 25 flagship brands. Some notable ones are:

-Packaged foods: Aashirvaad, Sunfeast, Bingo, Yippee noodles, Candyman and mint-o
– Personal Care: Savlon, Fiama, Vivel and Superia
– Stationary: Classmate and Paperkraft
– Apparels: WLS
– Agarbattis: Mangaldeep and AIM (matches)
‘ITC e-Store’, the Company’s exclusive D2C platform, is operational in 24,000+ pin-codes

Agri. Business

From the country, India tobacco company is the second largest exporter of agri products. It deals in feed ingredients, food grains, marine products, processed fruits, coffee etc.Under this vertical it exports leaf tobacco too. India tobacco company is India’s largest and world’s 5th largest leaf tobacco exporter.

During the first half of FY24, ITC IndiVision Limited (IIVL) wholly-owned subsidiary received all necessary approvals from regulators to produce products with nicotine or nicotine derivatives that meet US and EU pharmacopoeia standards.

Paperboards, Paper & Packaging

ITC stands out in the value-added paperboards sector, commanding the largest market share in India. The company is recognized for its premium packaging products made from paperboards, with a commitment to sustainability running through its entire range of products right down from biodegradable materials up to food-safe virgin boards made from newly-established woodlands.

Hotel Business

On August 23, the company consented to merge its hotel business with ITC Hotels Limited, which will be a new entity. ITC will retain a 40% stake in the new entity while the remaining 60% will belong to ITC’s current shareholders in proportion to their ownership.

ITC Hotels is a swiftly evolving chain of lodging service companies. It happens to be rated as the second largest line of hostel management service providers in India with 108 hotels located in over 70 places across the country serving a diversity of client segments. The number of rooms owned by it is approximately 290,000.

ITC Financial & Fundamentals

Market Cap₹ 5,49,328 Cr.
Current Price₹ 440
High / Low₹ 500 / ₹ 399
Stock P/E26.8
Book Value₹ 55.4
Dividend Yield2.90 %
ROCE39.0 %
ROE29.1 %
Face Value₹ 1.00
Debt to equity0.00
Debt Capacity0.14
Debt preceding year₹ 249 Cr.
Debt₹ 284 Cr.
Reserves₹ 67,852 Cr.
EPS₹ 16.5
EPS last year₹ 15.4
Pledged percentage0.00 %
FCF Prev Ann₹ 13,767 Cr.
EVEBITDA18.8
Industry PE24.0
PEG Ratio2.30
Piotroski score6.00

Quarterly Results

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue (in Rs Cr)16,55618,48917,10817,70517,63517,16417,77418,019
Expenses (in Rs Cr)10,95612,41210,84911,00011,01110,49411,32011,516
Operating Profit (in Rs Cr)5,5996,0776,2596,7056,6246,6706,4546,504
OPM %34%33%37%38%38%39%36%36%
Interest (in Rs Cr)499321455595683722665651
Depreciation (in Rs Cr)467438462447461442453459
Profit before tax (in Rs Cr)5,6205,9506,2396,8446,8336,9406,6566,682
Tax %24%25%25%26%24%25%26%19%
Net Profit (in Rs Cr)4,2664,4724,6825,0805,2435,1904,9655,407
EPS in Rs3.403.563.734.034.164.103.934.28

Revenue Split

Although Cigarettes sector only makes up 40% of revenue generation, it remains the most profitable section accounting for 81% of the profits before interest and tax (PBIT) for the company.

Cigarettes : 37% (vs ~57% in FY17)
FMCG : 23%
Hotels : 3%
Paperboards & Packaging :11%
Agri : 23%

CAGR Report

10 Years5 Years3 YearsTTM (Trailing Twelve Months)
Compounded Sales Growth (%)810131
Compounded Profit Growth (%)1012712
Stock Price CAGR (%)78293
Return on Equity (%)25252529

Shareholding Pattern

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
FIIs42.6842.9943.3543.6243.3443.2640.95
DIIs42.3842.1942.0841.9241.9441.9843.76
Government0.040.040.040.040.040.040.04
Public14.8714.7814.5214.4114.6814.7115.23
No. of Shareholders28,96,35829,36,69229,30,52730,13,79332,74,36033,35,81536,48,537

ITC Share Price Target 2024-2030 Forecast

YearShare Price Target
2024₹505
2025₹620
2026₹750
2027₹806
2028₹928
2029₹1,000
2030₹1180

ITC Share Price Target 2025

2025Share Price Target
January₹600
February₹550
March₹515
April₹527
May₹569
June₹520
July₹570
August₹643
September₹662
October₹653
November₹601
December₹620

ITC Share Price Target 2026

2026Share Price Target
January₹602
February₹647
March₹658
April₹697
May₹716
June₹755
July₹751
August₹749
September₹722
October₹711
November₹779
December₹750

ITC Share Price Target 2027

2027Share Price Target
January₹737
February₹789
March₹799
April₹865
May₹858
June₹823
July₹854
August₹848
September₹840
October₹826
November₹800
December₹806

ITC Share Price Target 2028

2028Share Price Target
January₹839
February₹821
March₹849
April₹860
May₹875
June₹888
July₹899
August₹895
September₹910
October₹920
November₹912
December₹928

ITC Share Price Target 2029

2029Share Price Target
January₹945
February₹900
March₹849
April₹860
May₹903
June₹888
July₹920
August₹940
September₹955
October₹965
November₹983
December1000

ITC Share Price Target 2030

2030Share Price Target
January₹1050
February₹980
March₹930
April₹950
May₹975
June₹1010
July₹1050
August₹1075
September₹1090
October₹1100
November₹1150
December₹1180

Official website – itcportal.com

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