ITC Limited (IN:ITC)
:ITC
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ITC Limited
(ITC)
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Rating:79Outperform
Price Target:
₹361.00
▲(3.10% Upside)
Action:ReiteratedDate:10/17/25
ITC Limited's strong financial performance is the most significant factor driving its overall score, supported by a solid balance sheet and robust cash flow. The valuation is reasonable, offering a good dividend yield. Technical analysis suggests some caution due to short-term price trends, but overall, the stock is well-positioned in the Tobacco industry.
Positive Factors
Very low leverage and high equity ratio
Extremely low leverage and a high equity ratio provide durable financial flexibility. Minimal debt reduces refinancing and interest-rate vulnerability, supports capital allocation to brands, dividends or M&A, and improves resilience to cyclical downturns, sustaining long-term stability.
Negative Factors
Concentration in cigarette business
Heavy reliance on the cigarette segment exposes the company to structural regulatory and tax risk. Policy shifts, higher excise or stricter public-health measures can materially reduce volumes or margins, challenging earnings stability despite diversification in other businesses.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage and high equity ratio
Extremely low leverage and a high equity ratio provide durable financial flexibility. Minimal debt reduces refinancing and interest-rate vulnerability, supports capital allocation to brands, dividends or M&A, and improves resilience to cyclical downturns, sustaining long-term stability.
Read all positive factors
ITC Limited (ITC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.95T
Dividend Yield3.52%
Average Volume (3M)1.28M
Price to Earnings (P/E)25.6
Beta (1Y)0.54
Revenue Growth5.14%
EPS Growth73.66%
CountryIN
Employees37,312
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)16.29
Shares Outstanding12,529,468,000
10 Day Avg. Volume1,430,220
30 Day Avg. Volume1,283,198
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)7.26
Price to Sales (P/S)6.75
P/FCF Ratio33.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹325.00Price Target Upside-7.18% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)15.96
Revenue Forecast (FY)₹755.70B
ITC Limited Business Overview & Revenue Model
Company Description
ITC Limited engages in the fast-moving consumer goods, hotels, paperboards and paper, packaging, agri, and information technology (IT) businesses in India and internationally. It primarily offers cigarettes and cigars; staples, spices, biscuits, c...
How the Company Makes Money
ITC makes money through multiple business segments that generate revenue from the sale of goods and services. (1) Cigarettes and tobacco products: ITC earns revenue primarily by manufacturing and selling cigarettes to distributors, wholesalers, an...
ITC Limited Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
85
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 785.52B | 753.23B | 679.32B | 709.37B | 606.68B | 492.73B |
| Gross Profit | 417.54B | 427.10B | 402.53B | 410.73B | 336.21B | 285.69B |
| EBITDA | 270.14B | 260.18B | 253.73B | 255.74B | 204.94B | 169.58B |
| Net Income | 350.32B | 347.47B | 204.59B | 191.92B | 152.43B | 131.61B |
Balance Sheet | ||||||
| Total Assets | 908.03B | 880.91B | 918.26B | 858.83B | 772.60B | 738.19B |
| Cash, Cash Equivalents and Short-Term Investments | 185.60B | 203.00B | 198.93B | 218.74B | 166.94B | 192.96B |
| Total Debt | 3.63B | 2.85B | 3.03B | 3.06B | 2.50B | 2.71B |
| Total Liabilities | 192.08B | 176.93B | 169.36B | 163.44B | 144.38B | 131.25B |
| Stockholders Equity | 710.72B | 700.30B | 745.07B | 691.55B | 624.56B | 603.47B |
Cash Flow | ||||||
| Free Cash Flow | 51.01B | 153.48B | 136.16B | 161.35B | 136.34B | 106.90B |
| Operating Cash Flow | 61.63B | 176.27B | 171.79B | 188.78B | 157.76B | 125.27B |
| Investing Cash Flow | 32.79B | -3.96B | 15.63B | -57.32B | -22.38B | 56.83B |
| Financing Cash Flow | -95.46B | -170.37B | -185.51B | -130.06B | -135.81B | -186.34B |
ITC Limited Technical Analysis
Negative
350.15
Price Trends
308.83
Negative
338.20
Negative
370.23
Negative
Market Momentum
-1.64
Negative
54.55
Neutral
84.88
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ITC, the sentiment is Negative. The current price of 350.15 is above the 20-day moving average (MA) of 298.25, above the 50-day MA of 308.83, and below the 200-day MA of 370.23, indicating a neutral trend. The MACD of -1.64 indicates Negative momentum. The RSI at 54.55 is Neutral, neither overbought nor oversold. The STOCH value of 84.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ITC.
ITC Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹3.95T | 25.57 | ― | 3.52% | 5.14% | 73.66% | |
76 Outperform | ₹2.81T | 64.73 | ― | 0.97% | 14.62% | 9.14% | |
73 Outperform | ₹5.29T | 32.11 | ― | 1.84% | 3.84% | 41.22% | |
71 Outperform | ₹1.13T | 76.67 | ― | 0.70% | 14.93% | 25.10% | |
67 Neutral | ₹1.38T | 53.41 | ― | 1.24% | 7.31% | 11.96% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹1.09T | 62.79 | ― | 1.67% | 7.29% | ― |
* Consumer Defensive Sector Average
IN:ITC
ITC Limited
314.95
-105.43
-25.08%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.