ITC Ltd is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal. Founded in 1910, ITC has a diversified presence across industries such as FMCG, hotels, software, packaging, paperboards, and specialty papers. The company has 13 businesses in 5 segments. It exports its products in 90 countries.
ITC Ltd Overview
| Key | Value |
|---|---|
| Industry | Conglomerate |
| Headquarters | Kolkata, West Bengal, India |
| Founded | 1910 |
| Revenue | ₹56,155.20 crore (US$7.4 billion) (2022) |
| Net income | ₹15,786.90 crore (US$2.1 billion) (2022) |
| Employees | 310,000 |
| Business Segments | FMCG, Hotels, Paperboards and specialty papers, Packaging, Agri-business |
| Sustainability Initiatives | Reducing environmental impact |
ITC Ltd Products
| Product Category | Products |
|---|---|
| FMCG | Cigarettes: Aashirvaad, Classic Milds, Gold Flake, Navy Cut, Silk Cut, Sun Flame, Caprice, Wills Filter, Wills Classic, Wills Gold, Wills Lifestyle <br/> Foods: Aashirvaad Atta, Bingo!, Sunfeast, Yippee!, Farm Fresh, B Natural, ITC Master Chef, ITC Savlon, Mangaldeep, Mint-O, Candyman, Fiama Di Wills, Vivel, Engage, Deodorant, Avil, Choco Bliss, Dark Fantasy, Marie, Sunfeast Mom’s Magic, Sunfeast Pasta, Sunfeast Yippee! Noodles, Sunfeast Cuppa Noodles, Sunfeast Dream Cake <br/> Personal Care Products: Vivel, Engage, Deodorant, Avil, Choco Bliss, Dark Fantasy, Marie, Sunfeast Mom’s Magic, Sunfeast Pasta, Sunfeast Yippee! Noodles, Sunfeast Cuppa Noodles, Sunfeast Dream Cake <br/> Apparels: Wills Lifestyle, Van Heusen, John Miller, ITC Essaar, ITC Heritage, Rubaiyat, Grasim |
| Hotels | Luxury hotels under the ITC Hotels brand: The ITC Maurya, New Delhi, The ITC WelcomHotel, New Delhi, The ITC Grand Goa, Resort & Spa, The ITC Rajputana, Palace Hotel, Jaipur, The ITC Sonar, Kolkata, The ITC Gardenia, Bengaluru, The ITC Maratha, Mumbai, The ITC Mughal, Agra, The ITC Kakatiya, Hyderabad, The ITC Windsor, Bengaluru, The ITC Sheraton, New Delhi, The ITC Park, Chennai, The ITC Goa, Resort & Spa, The ITC Chola, Chennai |
| Paperboards and specialty papers | A wide range of paperboards and specialty papers: Boards and Packaging: Cartons, Corrugated Boxes, Folding Cartons, Rigid Boxes, Trays, Tubes <br/> Printing and Writing: Art Paper, Book Paper, Maplitho Paper, Printing Paper, Writing Paper <br/> Specialty Papers: Cigarette Paper, Filter Paper, Glassine Paper, Greaseproof Paper, Laminating Paper, Parchment Paper, Tissue Paper |
| Packaging | A wide range of packaging products: Flexible Packaging: Films, Laminates, Pouches, Shrink Sleeves, Tubes <br/> Rigid Packaging: Bottles, Cans, Caps, Closures, Jars, Tubes <br/> Paper Packaging: Cartons, Corrugated Boxes, Folding Cartons, Rigid Boxes, Trays, Tubes |
| Agri-business | Procures, processes, and markets a wide range of agricultural products: Wheat: Aashirvaad Atta <br/> Rice: Basmati rice, Non-Basmati rice <br/> Pulses: Tur, Urad, Moong, Masoor, Chana <br/> Oilseeds: Sunflower, Soyabean <br/> Fruits and vegetables: Potatoes, Onions, Tomatoes, Apples, Oranges <br/> Other products: Cattle feed, Poultry feed, Aqua feed |
ITC Ltd Fundamentals
| Key | Value |
|---|---|
| Market Capitalization | ₹3,44,645.00 crore (US$45.5 billion) |
| Revenue | ₹56,155.20 crore (US$7.4 billion) (2022) |
| EBITDA | ₹13,281.70 crore (US$1.8 billion) (2022) |
| EPS | ₹14.34 (US$0.19) (2022) |
| P/E Ratio | 24.33 |
| P/B Ratio | 4.52 |
| Dividend Yield | 1.22% |
| Debt/Equity Ratio | 0.52 |
| Book Value | ₹25.10 (US$0.33) |
| Face Value | ₹1.00 (US$0.01) |
| ROE | 20.60% |
ITC Ltd Revenue and Net Profit
| Year | Revenue (₹ crore) | Net Profit (₹ crore) |
|---|---|---|
| 2022 | 56,155.20 | 15,786.90 |
| 2021 | 53,967.50 | 14,655.60 |
| 2020 | 52,202.90 | 13,007.40 |
| 2019 | 50,888.60 | 11,727.20 |
| 2018 | 49,003.80 | 10,555.30 |
ITC Ltd Shareholding Patterns
| Shareholding Category | Percentage (%) |
|---|---|
| Promoter and Promoter Group | 24.24% |
| Foreign Institutional Investors (FIIs) | 43.34% |
| Domestic Institutional Investors (DIIs) | 19.02% |
| Public Shareholders | 13.40% |
ITC Ltd Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Share Price Target (₹) |
|---|---|
| 2024 | 650 |
| 2025 | 750 |
| 2026 | 850 |
| 2027 | 950 |
| 2028 | 1100 |
ITC Ltd Share Price Target for 2024
ITC Ltd Share Price Target for 2024 is estimated to be between ₹513 and ₹579.
ITC Ltd Share Price Target for 2025
ITC Ltd Share Price Target for 2025 is estimated to be between ₹600 and ₹775.
ITC Ltd Share Price Target for 2026
ITC Ltd Share Price Target for 2026 is estimated to be between ₹680 and ₹890.
ITC Ltd Share Price Target for 2027
ITC Ltd Share Price Target for 2027 is estimated to be between ₹780 and ₹1020.
ITC Ltd Share Price Target for 2028
ITC Ltd Share Price Target for 2028 is estimated to be between ₹920 and ₹1240.
Future Outlook of ITC Ltd
Strengths
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Diversified business portfolio: ITC Ltd operates in a variety of sectors, including FMCG, hotels, paperboards and specialty papers, packaging, and agri-business. This diversification helps to reduce the company’s reliance on any one sector and protects it from downturns in any particular market.
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Strong brand reputation: ITC Ltd is one of India’s most well-known and respected brands. The company’s brands are recognized for their quality, value, and innovation. This strong brand reputation gives ITC Ltd a competitive advantage in its various markets.
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Robust financial position: ITC Ltd has a strong financial position, with a healthy balance sheet and a solid cash flow. This financial strength gives the company the flexibility to invest in new growth opportunities and to weather any economic downturns.
Opportunities
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Growing FMCG market: The Indian FMCG market is expected to grow rapidly in the coming years, driven by rising disposable incomes, urbanization, and changing consumer preferences. ITC Ltd is well-positioned to capitalize on this growth, as it has a strong portfolio of FMCG brands.
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Expanding hotel business: ITC Ltd is also expanding its hotel business, both domestically and internationally. The company is investing in new hotels and resorts, and it is also upgrading its existing properties. This expansion is expected to drive growth in the company’s hospitality segment.
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Leveraging technology: ITC Ltd is also investing in technology to improve its operations and customer service. The company is using data analytics, artificial intelligence, and other technologies to enhance its supply chain, product development, and marketing efforts.
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Risks Associated With Investing in ITC Ltd
| Risk | Description |
|---|---|
| Economic slowdown | A slowdown in the Indian economy could hurt ITC Ltd’s profits, as the company is exposed to the overall performance of the economy. |
| Competition | ITC Ltd faces competition from a number of domestic and international players in its various businesses. The company must continue to innovate and differentiate its products and services in order to maintain its competitive edge. |
| Regulatory environment | The Indian regulatory environment can be challenging for businesses. ITC Ltd must stay up-to-date on changing regulations and ensure that its operations are compliant with all applicable laws and regulations. |
| Rising input costs | Rising input costs, such as the cost of raw materials and labor, could put pressure on ITC Ltd’s margins. |
| Foreign exchange fluctuations | ITC Ltd is exposed to foreign exchange fluctuations, as it imports some of its raw materials and exports some of its products. Fluctuations in exchange rates could hurt the company’s profits. |
ITC Ltd Competitors
| Competitor | Industry | Key Products/Services |
|---|---|---|
| Hindustan Unilever | FMCG | Personal care products, food, beverages, home care products |
| Nestle | FMCG | Food, beverages, pet care products |
| Dabur | FMCG | Personal care products, ayurvedic products, food |
| Godrej Consumer Products | FMCG | Personal care products, home care products, hair care products |
| Procter & Gamble | FMCG | Personal care products, household products, baby care products |
| Colgate-Palmolive | FMCG | Oral care products, personal care products, household products |
| Britannia Industries | FMCG | Biscuits, cakes, dairy products |
| Marico | FMCG | Hair care products, edible oils, skin care products |
| Tata Consumer Products | FMCG | Tea, coffee, salt, spices |
| Jyothy Labs | FMCG | Personal care products, household products, pharmaceuticals |
ITC Ltd Share Price FAQs
What is ITC Ltd’s share price target for 2024?
Analysts expect ITC Ltd’s share price to reach between ₹513 and ₹579 in 2024.
What is ITC Ltd’s share price target for 2025?
Analysts expect ITC Ltd’s share price to reach between ₹600 and ₹775 in 2025.
What is ITC Ltd’s share price target for 2026?
Analysts expect ITC Ltd’s share price to reach between ₹680 and ₹890 in 2026.
What is ITC Ltd’s share price target for 2027?
Analysts expect ITC Ltd’s share price to reach between ₹780 and ₹1020 in 2027.
What is ITC Ltd’s share price target for 2028?
Analysts expect ITC Ltd’s share price to reach between ₹920 and ₹1240 in 2028.
What is the future outlook for ITC Ltd’s share price?
The future outlook for ITC Ltd’s share price is generally positive. Analysts expect the company’s share price to continue to rise in the coming years, driven by a number of factors, including its diversified business portfolio, strong brand reputation, and robust financial position.
What are the risks associated with investing in ITC Ltd?
There are a number of risks associated with investing in ITC Ltd, including economic slowdown, competition, regulatory environment, rising input costs, and foreign exchange fluctuations.
Is ITC Ltd a good long-term investment?
ITC Ltd is a well-established company with a strong track record of growth. The company is also well-diversified across a number of sectors, which helps to reduce its exposure to any one sector. Additionally, ITC Ltd has a strong brand reputation and a robust financial position. These factors make ITC Ltd a good long-term investment for investors who are looking for a company with the potential for sustainable growth.
DISCLAMER: We are not registered financial advisors. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
