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Last Updated on: 16 December, 2025
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500875 | NSE: ITC

ITC Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: December 16, 2025, 7:53 am

Market Cap 5,04,032 Cr.
Current Price 402
High / Low 472/390
Stock P/E25.0
Book Value 56.7
Dividend Yield3.57 %
ROCE36.8 %
ROE27.3 %
Face Value 1.00
PEG Ratio1.41

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for ITC Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
ITC Ltd 5,04,032 Cr. 402 472/39025.0 56.73.57 %36.8 %27.3 % 1.00
Industry Average504,032.00 Cr402.0025.0056.703.57%36.80%27.30%1.00

All Competitor Stocks of ITC Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 18,48917,10817,70517,63517,16417,77417,19517,03817,77819,99018,79018,76521,495
Expenses 12,41210,84911,00011,01110,49411,32010,98510,73611,23313,43812,42812,24614,678
Operating Profit 6,0776,2596,7056,6246,6706,4546,2106,3026,5456,5526,3626,5196,816
OPM % 33%37%38%38%39%36%36%37%37%33%34%35%32%
Other Income 32145559568372267482086877169080315,391751
Interest 913912101012111015101116
Depreciation 438462447461442453384385403416416411423
Profit before tax 5,9506,2396,8446,8336,9406,6656,6356,7746,9036,8116,74021,4897,128
Tax % 25%25%26%24%25%26%19%23%25%26%26%8%25%
Net Profit 4,4724,6825,0805,2435,1904,9655,4075,1915,1775,0545,01319,8085,343
EPS in Rs 3.563.734.034.164.103.934.284.104.083.993.9415.764.19

Last Updated: August 20, 2025, 8:50 am

Below is a detailed analysis of the quarterly data for ITC Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 21,495.00 Cr.. The value appears strong and on an upward trend. It has increased from 18,765.00 Cr. (Mar 2025) to 21,495.00 Cr., marking an increase of 2,730.00 Cr..
  • For Expenses, as of Jun 2025, the value is 14,678.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 12,246.00 Cr. (Mar 2025) to 14,678.00 Cr., marking an increase of 2,432.00 Cr..
  • For Operating Profit, as of Jun 2025, the value is 6,816.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,519.00 Cr. (Mar 2025) to 6,816.00 Cr., marking an increase of 297.00 Cr..
  • For OPM %, as of Jun 2025, the value is 32.00%. The value appears to be declining and may need further review. It has decreased from 35.00% (Mar 2025) to 32.00%, marking a decrease of 3.00%.
  • For Other Income, as of Jun 2025, the value is 751.00 Cr.. The value appears to be declining and may need further review. It has decreased from 15,391.00 Cr. (Mar 2025) to 751.00 Cr., marking a decrease of 14,640.00 Cr..
  • For Interest, as of Jun 2025, the value is 16.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 11.00 Cr. (Mar 2025) to 16.00 Cr., marking an increase of 5.00 Cr..
  • For Depreciation, as of Jun 2025, the value is 423.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 411.00 Cr. (Mar 2025) to 423.00 Cr., marking an increase of 12.00 Cr..
  • For Profit before tax, as of Jun 2025, the value is 7,128.00 Cr.. The value appears to be declining and may need further review. It has decreased from 21,489.00 Cr. (Mar 2025) to 7,128.00 Cr., marking a decrease of 14,361.00 Cr..
  • For Tax %, as of Jun 2025, the value is 25.00%. The value appears to be increasing, which may not be favorable. It has increased from 8.00% (Mar 2025) to 25.00%, marking an increase of 17.00%.
  • For Net Profit, as of Jun 2025, the value is 5,343.00 Cr.. The value appears to be declining and may need further review. It has decreased from 19,808.00 Cr. (Mar 2025) to 5,343.00 Cr., marking a decrease of 14,465.00 Cr..
  • For EPS in Rs, as of Jun 2025, the value is 4.19. The value appears to be declining and may need further review. It has decreased from 15.76 (Mar 2025) to 4.19, marking a decrease of 11.57.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 5:10 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 35,30638,81739,19242,76843,44948,34049,38849,25760,64570,91967,93275,32378,552
Expenses 22,22724,56624,66127,29826,92829,80230,04432,19340,02145,21542,74449,48452,159
Operating Profit 13,08014,25214,53115,47016,52118,53719,34417,06520,62325,70425,18825,83926,392
OPM % 37%37%37%36%38%38%39%35%34%36%37%34%34%
Other Income 9661,2291,4831,7592,2402,0802,4172,5771,9102,0983,33017,79517,684
Interest 299178491157181586078394557
Depreciation 9651,0281,0771,1531,2361,3971,6451,6461,7321,8091,5181,6461,685
Profit before tax 13,05214,36214,85916,02617,40919,15020,03517,93820,74025,91526,96141,94342,335
Tax % 31%32%36%35%34%33%22%25%25%25%23%16%
Net Profit 9,0019,7799,50110,47711,49312,83615,59313,38315,50319,47720,75135,05235,351
EPS in Rs 7.458.047.748.479.2410.2712.4510.6912.3715.4416.3927.7727.98
Dividend Payout % 54%52%73%56%56%56%82%101%93%100%84%52%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)8.64%-2.84%10.27%9.70%11.69%21.48%-14.17%15.84%25.63%6.54%68.92%
Change in YoY Net Profit Growth (%)0.00%-11.49%13.12%-0.58%1.99%9.79%-35.65%30.01%9.79%-19.09%62.38%

ITC Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:9%
3 Years:7%
TTM:13%
Compounded Profit Growth
10 Years:8%
5 Years:5%
3 Years:9%
TTM:0%
Stock Price CAGR
10 Years:8%
5 Years:19%
3 Years:11%
1 Year:-13%
Return on Equity
10 Years:25%
5 Years:26%
3 Years:28%
Last Year:27%

Last Updated: September 5, 2025, 7:55 am

Balance Sheet

Last Updated: December 4, 2025, 1:27 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7958028051,2151,2201,2261,2291,2311,2321,2431,2481,2511,253
Reserves 26,44230,93441,87545,19851,29057,91564,04459,11661,22367,91273,25968,77969,819
Borrowings 24226984463613277271249306303285363
Other Liabilities 13,36913,9488,8889,44011,69512,58511,76013,14314,49116,37016,94417,68819,368
Total Liabilities 40,84845,95251,65155,89864,24171,73977,31173,76177,19685,83191,75488,00390,803
Fixed Assets 12,92115,30315,10715,89316,52419,37421,71323,29824,23225,85127,82021,95522,400
CWIP 3,1172,7002,5603,7305,5084,1363,2564,0113,2263,0032,8611,0911,305
Investments 7,2846,94311,74817,58122,05325,04328,66324,87124,84129,41531,11434,72032,548
Other Assets 17,52621,00622,23718,69420,15623,18523,67821,58024,89827,56129,95930,23734,550
Total Assets 40,84845,95251,65155,89864,24171,73977,31173,76177,19685,83191,75488,00390,803

Below is a detailed analysis of the balance sheet data for ITC Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 1,253.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,251.00 Cr. (Mar 2025) to 1,253.00 Cr., marking an increase of 2.00 Cr..
  • For Reserves, as of Sep 2025, the value is 69,819.00 Cr.. The value appears strong and on an upward trend. It has increased from 68,779.00 Cr. (Mar 2025) to 69,819.00 Cr., marking an increase of 1,040.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 363.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 285.00 Cr. (Mar 2025) to 363.00 Cr., marking an increase of 78.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 19,368.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 17,688.00 Cr. (Mar 2025) to 19,368.00 Cr., marking an increase of 1,680.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 90,803.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 88,003.00 Cr. (Mar 2025) to 90,803.00 Cr., marking an increase of 2,800.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 22,400.00 Cr.. The value appears strong and on an upward trend. It has increased from 21,955.00 Cr. (Mar 2025) to 22,400.00 Cr., marking an increase of 445.00 Cr..
  • For CWIP, as of Sep 2025, the value is 1,305.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,091.00 Cr. (Mar 2025) to 1,305.00 Cr., marking an increase of 214.00 Cr..
  • For Investments, as of Sep 2025, the value is 32,548.00 Cr.. The value appears to be declining and may need further review. It has decreased from 34,720.00 Cr. (Mar 2025) to 32,548.00 Cr., marking a decrease of 2,172.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 34,550.00 Cr.. The value appears strong and on an upward trend. It has increased from 30,237.00 Cr. (Mar 2025) to 34,550.00 Cr., marking an increase of 4,313.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 90,803.00 Cr.. The value appears strong and on an upward trend. It has increased from 88,003.00 Cr. (Mar 2025) to 90,803.00 Cr., marking an increase of 2,800.00 Cr..

Notably, the Reserves (69,819.00 Cr.) exceed the Borrowings (363.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +7,3449,8439,79910,62713,16912,58314,69012,52715,77618,87817,17917,627
Cash from Investing Activity +-3,254-5,275-3,921-3,251-7,114-5,546-6,1745,740-2,238-5,7321,563-564
Cash from Financing Activity +-4,122-4,661-5,613-7,301-6,221-6,869-8,181-18,634-13,580-13,006-18,551-17,037
Net Cash Flow-32-9326675-166169334-367-4313919126

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-229.00-255.00-70.00-31.00-20.005.00-258.00-254.00-229.00-281.00-278.00-260.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days251918212330191915152223
Inventory Days228212244185173165187189150148191178
Days Payable585063608074767861596555
Cash Conversion Cycle195181199145115122129129104105148146
Working Capital Days7-651453132353631203945
ROCE %50%47%40%36%34%34%32%28%33%39%36%37%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
FIIs42.99%43.35%43.62%43.34%43.26%40.95%40.47%40.53%40.17%39.87%37.98%37.39%
DIIs42.19%42.08%41.92%41.94%41.98%43.76%44.02%44.59%44.91%45.19%46.91%47.41%
Government0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%
Public14.78%14.52%14.41%14.68%14.71%15.23%15.47%14.83%14.88%14.90%15.07%15.16%
No. of Shareholders29,36,69229,30,52730,13,79332,74,36033,35,81536,48,53737,56,54135,68,56037,10,16936,47,88636,48,98936,66,407

Shareholding Pattern Chart

No. of Shareholders

ITC Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Parag Parikh Flexi Cap Fund 144,737,169 4.51 5851138,771,0242025-12-15 00:51:394.3%
ICICI Prudential Value Fund 55,947,170 3.75 2261.6633,732,0062025-12-15 00:51:3965.86%
Mirae Asset Large Cap Fund 43,675,034 4.22 1765.5642,694,4722025-12-15 00:51:392.3%
HDFC Balanced Advantage Fund 41,476,926 1.55 1676.7N/AN/AN/A
Nippon India Large Cap Fund 35,329,812 2.84 1428.2135,050,2402025-06-20 07:05:040.8%
SBI Contra Fund 31,014,741 2.52 1253.7726,766,7412025-12-08 03:14:3115.87%
Mirae Asset Large & Midcap Fund 29,400,154 2.73 1188.5N/AN/AN/A
ICICI Prudential Multi Asset Fund 29,304,664 1.58 1184.64N/AN/AN/A
Kotak Multicap Fund 26,500,000 4.81 1071.26N/AN/AN/A
ICICI Prudential Large Cap Fund 24,952,881 1.29 1008.72N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 27.7916.4215.5012.3710.70
Diluted EPS (Rs.) 27.7516.3815.4612.3710.70
Cash EPS (Rs.) 29.2418.0517.0913.9712.22
Book Value[Excl.RevalReserv]/Share (Rs.) 55.9659.9955.9550.9849.31
Book Value[Incl.RevalReserv]/Share (Rs.) 55.9659.9955.9550.9849.31
Revenue From Operations / Share (Rs.) 60.1956.7757.0849.2340.03
PBDIT / Share (Rs.) 22.7823.2122.2418.2515.95
PBIT / Share (Rs.) 21.4721.7620.7916.8514.62
PBT / Share (Rs.) 21.4321.7220.8116.8214.58
Net Profit / Share (Rs.) 27.9216.6015.6312.5710.88
NP After MI And SOA / Share (Rs.) 27.7716.3915.4412.3710.69
PBDIT Margin (%) 37.8440.8838.9737.0739.85
PBIT Margin (%) 35.6638.3236.4234.2236.51
PBT Margin (%) 35.6038.2536.4634.1536.41
Net Profit Margin (%) 46.3829.2327.3825.5227.17
NP After MI And SOA Margin (%) 46.1228.8627.0525.1226.71
Return on Networth / Equity (%) 49.6127.4527.7524.4021.80
Return on Capital Employeed (%) 36.4134.7635.8131.8928.49
Return On Assets (%) 39.4422.2722.3419.7217.82
Asset Turnover Ratio (%) 0.830.790.820.750.61
Current Ratio (X) 3.063.002.892.813.27
Quick Ratio (X) 1.961.952.021.912.29
Inventory Turnover Ratio (X) 1.581.661.841.571.48
Dividend Payout Ratio (NP) (%) 23.4041.0038.8142.4446.74
Dividend Payout Ratio (CP) (%) 22.3437.6635.4638.1141.55
Earning Retention Ratio (%) 76.6059.0061.1957.5653.26
Cash Earning Retention Ratio (%) 77.6662.3464.5461.8958.45
Interest Coverage Ratio (X) 632.67630.60639.94571.51440.45
Interest Coverage Ratio (Post Tax) (X) 443.21452.07449.03394.44301.35
Enterprise Value (Cr.) 509274.61528208.39472093.81304785.83264644.53
EV / Net Operating Revenue (X) 6.767.456.665.025.37
EV / EBITDA (X) 17.8618.2317.0813.5513.48
MarketCap / Net Operating Revenue (X) 6.817.556.725.095.46
Retention Ratios (%) 76.5958.9961.1857.5553.25
Price / BV (X) 7.327.186.894.954.46
Price / Net Operating Revenue (X) 6.817.556.725.095.46
EarningsYield 0.060.030.040.040.04

After reviewing the key financial ratios for ITC Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 27.79. This value is within the healthy range. It has increased from 16.42 (Mar 24) to 27.79, marking an increase of 11.37.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 27.75. This value is within the healthy range. It has increased from 16.38 (Mar 24) to 27.75, marking an increase of 11.37.
  • For Cash EPS (Rs.), as of Mar 25, the value is 29.24. This value is within the healthy range. It has increased from 18.05 (Mar 24) to 29.24, marking an increase of 11.19.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 55.96. It has decreased from 59.99 (Mar 24) to 55.96, marking a decrease of 4.03.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 55.96. It has decreased from 59.99 (Mar 24) to 55.96, marking a decrease of 4.03.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 60.19. It has increased from 56.77 (Mar 24) to 60.19, marking an increase of 3.42.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 22.78. This value is within the healthy range. It has decreased from 23.21 (Mar 24) to 22.78, marking a decrease of 0.43.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 21.47. This value is within the healthy range. It has decreased from 21.76 (Mar 24) to 21.47, marking a decrease of 0.29.
  • For PBT / Share (Rs.), as of Mar 25, the value is 21.43. This value is within the healthy range. It has decreased from 21.72 (Mar 24) to 21.43, marking a decrease of 0.29.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 27.92. This value is within the healthy range. It has increased from 16.60 (Mar 24) to 27.92, marking an increase of 11.32.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 27.77. This value is within the healthy range. It has increased from 16.39 (Mar 24) to 27.77, marking an increase of 11.38.
  • For PBDIT Margin (%), as of Mar 25, the value is 37.84. This value is within the healthy range. It has decreased from 40.88 (Mar 24) to 37.84, marking a decrease of 3.04.
  • For PBIT Margin (%), as of Mar 25, the value is 35.66. This value exceeds the healthy maximum of 20. It has decreased from 38.32 (Mar 24) to 35.66, marking a decrease of 2.66.
  • For PBT Margin (%), as of Mar 25, the value is 35.60. This value is within the healthy range. It has decreased from 38.25 (Mar 24) to 35.60, marking a decrease of 2.65.
  • For Net Profit Margin (%), as of Mar 25, the value is 46.38. This value exceeds the healthy maximum of 10. It has increased from 29.23 (Mar 24) to 46.38, marking an increase of 17.15.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 46.12. This value exceeds the healthy maximum of 20. It has increased from 28.86 (Mar 24) to 46.12, marking an increase of 17.26.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 49.61. This value is within the healthy range. It has increased from 27.45 (Mar 24) to 49.61, marking an increase of 22.16.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 36.41. This value is within the healthy range. It has increased from 34.76 (Mar 24) to 36.41, marking an increase of 1.65.
  • For Return On Assets (%), as of Mar 25, the value is 39.44. This value is within the healthy range. It has increased from 22.27 (Mar 24) to 39.44, marking an increase of 17.17.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 0.83. It has increased from 0.79 (Mar 24) to 0.83, marking an increase of 0.04.
  • For Current Ratio (X), as of Mar 25, the value is 3.06. This value exceeds the healthy maximum of 3. It has increased from 3.00 (Mar 24) to 3.06, marking an increase of 0.06.
  • For Quick Ratio (X), as of Mar 25, the value is 1.96. This value is within the healthy range. It has increased from 1.95 (Mar 24) to 1.96, marking an increase of 0.01.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 1.58. This value is below the healthy minimum of 4. It has decreased from 1.66 (Mar 24) to 1.58, marking a decrease of 0.08.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 23.40. This value is within the healthy range. It has decreased from 41.00 (Mar 24) to 23.40, marking a decrease of 17.60.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 22.34. This value is within the healthy range. It has decreased from 37.66 (Mar 24) to 22.34, marking a decrease of 15.32.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 76.60. This value exceeds the healthy maximum of 70. It has increased from 59.00 (Mar 24) to 76.60, marking an increase of 17.60.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 77.66. This value exceeds the healthy maximum of 70. It has increased from 62.34 (Mar 24) to 77.66, marking an increase of 15.32.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 632.67. This value is within the healthy range. It has increased from 630.60 (Mar 24) to 632.67, marking an increase of 2.07.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 443.21. This value is within the healthy range. It has decreased from 452.07 (Mar 24) to 443.21, marking a decrease of 8.86.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 509,274.61. It has decreased from 528,208.39 (Mar 24) to 509,274.61, marking a decrease of 18,933.78.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 6.76. This value exceeds the healthy maximum of 3. It has decreased from 7.45 (Mar 24) to 6.76, marking a decrease of 0.69.
  • For EV / EBITDA (X), as of Mar 25, the value is 17.86. This value exceeds the healthy maximum of 15. It has decreased from 18.23 (Mar 24) to 17.86, marking a decrease of 0.37.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 6.81. This value exceeds the healthy maximum of 3. It has decreased from 7.55 (Mar 24) to 6.81, marking a decrease of 0.74.
  • For Retention Ratios (%), as of Mar 25, the value is 76.59. This value exceeds the healthy maximum of 70. It has increased from 58.99 (Mar 24) to 76.59, marking an increase of 17.60.
  • For Price / BV (X), as of Mar 25, the value is 7.32. This value exceeds the healthy maximum of 3. It has increased from 7.18 (Mar 24) to 7.32, marking an increase of 0.14.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 6.81. This value exceeds the healthy maximum of 3. It has decreased from 7.55 (Mar 24) to 6.81, marking a decrease of 0.74.
  • For EarningsYield, as of Mar 25, the value is 0.06. This value is below the healthy minimum of 5. It has increased from 0.03 (Mar 24) to 0.06, marking an increase of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of ITC Ltd as of December 16, 2025 is: 320.63

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 16, 2025, ITC Ltd is Overvalued by 20.24% compared to the current share price 402.00

Intrinsic Value of ITC Ltd as of December 16, 2025 is: 377.49

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 16, 2025, ITC Ltd is Overvalued by 6.10% compared to the current share price 402.00

Last 5 Year EPS CAGR: 17.73%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 37.17%, which is a positive sign.
  2. The company has higher reserves (55,215.85 cr) compared to borrowings (211.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (53.31 cr) and profit (21.85 cr) over the years.
  1. The stock has a high average Working Capital Days of 30.50, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 143.17, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in ITC Ltd:
    1. Net Profit Margin: 46.38%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 36.41% (Industry Average ROCE: 36.8%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 49.61% (Industry Average ROE: 27.3%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 443.21
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.96
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 25 (Industry average Stock P/E: 25)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

ITC Ltd. is a Public Limited Listed company incorporated on 24/08/1910 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L16005WB1910PLC001985 and registration number is 001985. Currently Company is involved in the business activities of Manufacture of cigarettes, cigarette tobacco. Company's Total Operating Revenue is Rs. 69323.52 Cr. and Equity Capital is Rs. 1251.41 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Cigarettes & Tobacco ProductsVirginia House, 37, Jawaharlal Nehru Road, Kolkata West Bengal 700071enduringvalue@itc.in
http://www.itcportal.com
Management
NamePosition Held
Mr. Sanjiv PuriChairman & Managing Director
Mr. Hemant MalikExecutive Director
Mr. Sumant BhargavanExecutive Director
Mr. Supratim DuttaExecutive Director & CFO
Mr. Ajit Kumar SethNon Executive Director
Mr. Shyamal MukherjeeNon Executive Director
Mr. Sunil PanrayNon Executive Director
Mr. Anand NayakNon Executive Director
Ms. Nirupama RaoNon Executive Director
Mr. Hemant BhargavaNon Executive Director
Mr. Alka Marezban BharuchaNon Executive Director
Mr. Atul SinghNon Executive Director
Mr. Pushpa SubrahmanyamNon Executive Director
Mr. Chandra Kishore MishraNon Executive Director
Mr. Siddhartha MohantyNon Executive Director
Mr. Alok PandeNon Executive Director

FAQ

What is the intrinsic value of ITC Ltd?

ITC Ltd's intrinsic value (as of 16 December 2025) is 320.63 which is 20.24% lower the current market price of 402.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 5,04,032 Cr. market cap, FY2025-2026 high/low of 472/390, reserves of ₹69,819 Cr, and liabilities of 90,803 Cr.

What is the Market Cap of ITC Ltd?

The Market Cap of ITC Ltd is 5,04,032 Cr..

What is the current Stock Price of ITC Ltd as on 16 December 2025?

The current stock price of ITC Ltd as on 16 December 2025 is 402.

What is the High / Low of ITC Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of ITC Ltd stocks is 472/390.

What is the Stock P/E of ITC Ltd?

The Stock P/E of ITC Ltd is 25.0.

What is the Book Value of ITC Ltd?

The Book Value of ITC Ltd is 56.7.

What is the Dividend Yield of ITC Ltd?

The Dividend Yield of ITC Ltd is 3.57 %.

What is the ROCE of ITC Ltd?

The ROCE of ITC Ltd is 36.8 %.

What is the ROE of ITC Ltd?

The ROE of ITC Ltd is 27.3 %.

What is the Face Value of ITC Ltd?

The Face Value of ITC Ltd is 1.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in ITC Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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