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Stock Analysis

Description

ITC Limited is a diversified Indian conglomerate with primary interests in Fast-Moving Consumer Goods (FMCG), Paperboards and Packaging, Agri-Business, and Information Technology.

Key Growth Triggers

Currently no data available for Key Growth Triggers.

Order Book

Currently no data available for Order Book.

Key Red Flags

Currently no data available for Key Red Flags.

Key Dates To Watch

January 16, 2026: Allotment of 2,69,610 Ordinary Shares under Employee Stock Option Schemes.

Corporate Announcements

1st Apr 26

Impact Rating: 8

ITC Limited announced Sproutlife Foods will become its subsidiary from April 1, 2026, by gaining control of the Board, a strategic step to enhance its food portfolio and leverage the 'Yoga Bar' brand.

25th Mar 26

Impact Rating: 6

ITC Limited announced the closure of its trading window for designated employees and their immediate relatives, effective April 1, 2026. The window will reopen 48 hours post the announcement of audited financial results for FY ending March 31, 2026.

24th Mar 26

Impact Rating: -

No description available.

19th Mar 26

Impact Rating: 6

ITC Limited's members have approved the appointment of Mr. Navin Agarwal as a Non-Executive Director for a three-year term beginning April 1, 2026. He brings significant experience from roles in the Ministry of Finance and public sector enterprises.

19th Mar 26

Impact Rating: 5

The postal ballot results for ITC Limited show strong shareholder approval for Mr. Navin Agarwal's appointment as a Non-Executive Director, effective April 1, 2026, for a three-year term.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Hind. Unilever	2357.10	52.40	553822.15	1.82	2694.00	-2.14	16241.00	1.98	27.85	64243.00	22.97	10578.20	2547.02	11.36	13.19	0.04
2.	ITC	329.25	20.75	412516.14	4.33	5179.82	2.76	18021.25	-3.37	36.88	72072.19	33.76	19917.02	5113.23	6.10	22.83	0.00
3.	Hindustan Foods	491.25	46.43	5869.52	0.00	35.23	53.64	1038.59	17.59	14.34	3846.38	8.22	126.41	35.23	5.61	4.87	0.87
4.	Godavari Bioref.	272.90	29.93	1396.59	0.00	-41.59	79.91	430.75	34.21	5.79	1990.76	7.35	46.60	-15.07	1.96	-1.23	0.68
5.	Davangere Sugar	5.09	57.55	727.87	0.00	2.63	103.88	48.19	22.53	6.70	202.35	27.01	12.64	2.63	1.43	1.53	0.40
–	Median: 5 Co.	329.25	46.43	5869.52	0.0	35.23	53.64	1038.59	17.59	14.34	3846.38	22.97	126.41	35.23	5.61	4.87	0.4

Quarterly Results

Standalone figures in ₹ crores

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	16,130	16,226	16,398	15,828	16,550	15,696	15,734	16,373	18,649	17,053	17,248	19,750	18,021
Expenses	10,266	10,003	10,189	9,578	10,508	9,956	9,892	10,287	12,526	11,224	11,262	13,489	11,769
Operating Profit	5,864	6,223	6,209	6,250	6,042	5,739	5,842	6,087	6,123	5,828	5,986	6,261	6,252
Other Income	507	872	819	709	896	1,287	979	796	976	1,831	15,482	662	986
Profit before tax	5,939	6,678	6,595	6,546	6,514	6,673	6,470	6,519	6,719	7,290	21,104	6,545	6,851
Tax %	25%	25%	23%	25%	24%	16%	22%	25%	24%	23%	7%	25%	24%
Net Profit	4,466	5,031	5,087	4,903	4,927	5,572	5,020	4,917	5,078	5,638	19,562	4,912	5,180
EPS in Rs	3.60	4.05	4.09	3.94	3.95	4.47	4.02	3.94	4.06	4.51	15.63	3.92	4.13

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	33,228	36,490	36,583	40,080	40,620	44,983	45,620	45,485	56,341	66,043	62,628	69,324	72,072
Expenses	20,740	22,970	22,843	25,474	25,041	27,551	27,635	29,895	37,448	42,062	39,193	45,407	47,744
Operating Profit	12,488	13,519	13,740	14,605	15,578	17,431	17,985	15,590	18,893	23,981	23,435	23,917	24,328
Other Income	1,094	1,518	1,767	1,981	2,528	2,382	2,825	3,195	2,649	2,506	4,100	19,194	18,962
Interest	24	78	72	45	110	58	80	59	61	74	34	36	45
Depreciation	900	962	1,001	1,038	1,145	1,312	1,563	1,562	1,652	1,663	1,357	1,442	1,454
Profit before tax	12,659	13,998	14,434	15,503	16,852	18,444	19,167	17,164	19,830	24,750	26,144	41,633	41,791
Net Profit	8,785	9,608	9,328	10,201	11,223	12,464	15,136	13,032	15,058	18,753	20,422	35,196	35,292
EPS in Rs	7.36	7.99	7.73	8.40	9.20	10.17	12.31	10.59	12.22	15.09	16.36	28.12	28.19
Dividend Payout %	54%	52%	73%	57%	56%	57%	82%	102%	94%	103%	84%	51%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	795	802	805	1,215	1,220	1,226	1,229	1,231	1,232	1,243	1,248	1,251	1,253
Reserves	25,467	29,934	40,852	44,126	50,180	56,724	62,800	57,774	60,167	66,351	70,985	66,649	67,332
Borrowings	67	53	42	26	18	11	332	329	311	325	312	157	143
Other Liabilities	12,901	13,407	8,333	8,849	10,963	11,837	10,874	12,246	13,382	14,343	14,782	15,952	17,245
Total Liabilities	39,229	44,196	50,031	54,216	62,381	69,798	75,235	71,580	75,092	82,262	87,328	84,009	85,972
Fixed Assets	12,013	14,178	14,011	14,880	15,566	18,486	20,518	22,188	23,221	24,174	25,743	19,988	20,120
Gross Block	18,545	21,727	15,005	16,896	18,690	22,853	26,341	29,478	31,872	34,261	37,304	30,774	–
Accumulated Depreciation	6,532	7,548	994	2,015	3,124	4,366	5,824	7,290	8,651	10,087	11,561	10,786	–
CWIP	2,296	2,114	2,419	3,537	5,026	3,401	2,780	3,333	2,466	1,697	1,087	1,071	1,268
Investments	8,823	8,405	13,325	18,585	23,397	26,578	30,631	26,984	27,282	32,721	34,739	35,987	34,279
Other Assets	16,097	19,498	20,277	17,213	18,393	21,332	21,307	19,075	22,123	23,670	25,759	26,963	30,305
Total Assets	39,229	44,196	50,031	54,216	62,381	69,798	75,235	71,580	75,092	82,262	87,328	84,009	85,972

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	6,962	9,309	9,212	10,002	12,651	11,749	13,806	11,494	14,808	17,912	16,118	16,751
Cash from Investing Activity	-2,823	-4,820	-3,711	-2,780	-6,691	-5,082	-5,517	6,555	-1,517	-5,159	2,128	39
Cash from Financing Activity	-4,174	-4,574	-5,465	-7,138	-6,020	-6,601	-7,891	-18,379	-13,337	-12,730	-18,255	-16,766
Net Cash Flow	-35	-85	36	84	-60	67	399	-330	-46	22	-9	24

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	24	17	17	20	21	30	17	17	13	13	19	21
Inventory Days	204	195	231	180	167	160	170	173	139	134	173	173
Days Payable	55	47	60	58	78	71	73	75	59	55	61	52
Cash Conversion Cycle	173	165	188	141	110	119	114	115	93	92	130	142
Working Capital Days	-2	-13	48	44	28	30	28	29	26	14	32	43
ROCE %	51%	48%	40%	35%	34%	34%	32%	28%	33%	38%	36%	37%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	–	–	–	–	–	–	–	–	–	–	–	–
FIIs	42.99%	43.35%	43.62%	43.34%	43.26%	40.95%	40.47%	40.53%	40.17%	39.87%	37.98%	37.39%
DIIs	42.19%	42.08%	41.92%	41.94%	41.98%	43.76%	44.02%	44.59%	44.91%	45.19%	46.91%	47.41%
Public	14.78%	14.52%	14.41%	14.68%	14.71%	15.23%	15.47%	14.83%	14.88%	14.90%	15.07%	15.16%