| Y/E Mar, Rs mn | FY11 | FY12 | FY13 | FY14E | FY15E | | Price | | | | | 354 | | Target | | | | | 300 | | Reco | | | | | SELL | | Net Sales | 211,676 | 247,984 | 296,056 | 328,826 | 367,047 | | Growth (%) | | 17 | 19 | 11 | 12 | | EBIDTA | 74,126 | 88,486 | 106,275 | 124,548 | 139,193 | | EBITDA Margin | | 36 | 36 | 38 | 38 | | Net Profit | 49,876 | 61,621 | 74,181 | 87,850 | 94,407 | | Growth (%) | | 24 | 20 | 18 | 7 | | EPS, Rs | 7 | 8 | 9 | 11 | 12 | | PER, x | 53.5 | 43.3 | 37.5 | 31.9 | 29.7 | | EV/EBIDTA, x | 38 | 31 | 26 | 22 | 20 | | P/BV, x | 17 | 14 | 12 | 11 | 9 | | ROE, % | 31 | 33 | 33 | 33 | 31 | | Total debt/Equity (%) | -14.1 | -15.0 | -16.2 | -12.5 | -19.0 |
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Latest Reports
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| Date |
Description |
Country |
Analyst |
Download |
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| 12-Dec-2023 |
ITC Ltd (ITC IN): Company Update - Analyst meet takeaways | Maintain BUY with TP of Rs 525 (25x FY26 EPS ) |
India |
Vishal Gutka |
 |
| 19-Oct-2023 |
ITC Ltd (ITC IN) 2QFY24 Result Update: Core continues to do well, while cyclical business disappoints ; Maintain BUY with Revised TP of Rs. 500/ |
India |
Vishal Gutka |
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| 18-May-2023 |
ITC Ltd (ITC IN) 4QFY23 Result Update: All guns blazing ; Maintain BUY with TP of Rs. 475/- |
India |
Vishal Gutka |
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| 04-Feb-2023 |
ITC Ltd (ITC IN) 3QFY23- Result Update: When it rains, it pours; Maintain BUY with Revised TP of Rs. 475/ |
India |
Vishal Gutka |
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| 20-Oct-2022 |
ITC Ltd (ITC IN) 2QFY23: Quarterly Update - All guns blazing ; Maintain BUY with TP of Rs. 400 |
India |
Vishal Gutka |
|
| 01-Aug-2022 |
ITC Ltd (ITC IN) 1QFY23 Result Update: Firing on all cylinders ; Maintain BUY with TP of Rs. 360/ |
India |
Vishal Gutka |
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| 18-May-2022 |
ITC Ltd (ITC IN) 4QFY22 Result Update: Silver lining in Dark clouds ; Upgrade to BUY with Revised TP of Rs. 320/ |
India |
Vishal Gutka |
|
| 14-Dec-2021 |
ITC Ltd (ITC IN): Analyst Meet - Improving disclosure levels; but investors perception about ESG remains major deterrent towards valuation rerating ; Maintain Neutral with TP of Rs. 240 |
India |
Vishal Gutka |
|
| 27-Oct-2021 |
ITC Ltd (ITC IN) - 2QFY22: ; Cigarette disappoints; FMCG & Hotel surprises - Maintain NEUTRAL with TP - Rs. 240 |
India |
Vishal Gutka |
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| 24-Jul-2021 |
ITC 1QFY22 - Narrative matter much more than dirt cheap valuations; Maintain NEUTRAL with TP - Rs. 230 |
India |
Vishal Gutka |
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| 07-Jun-2021 |
ITC Limited - Company Update: The curious case of missing catalysts! - Downgrade to Neutral |
India |
Vishal Gutka |
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| 12-Feb-2021 |
ITC Limited Q3FY21: FMCG moderates; Eye popping valuations provides safety net - Maintain BUY |
India |
Vishal Gutka |
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| 06-Nov-2020 |
ITC Limited Q2FY21: Reasonable margin of safety despite headwinds - Maintain BUY |
India |
Vishal Gutka |
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| 24-Jul-2020 |
ITC Limited Q1FY21: High margin of safety despite headwinds - Maintain BUY |
India |
Vishal Gutka |
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| 24-Jul-2020 |
ITC Limited Q1FY21: High margin of safety despite headwinds - Maintain BUY |
India |
Vishal Gutka |
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| 26-Jun-2020 |
ITC Limited Q4FY20: Inexpensive valuations provides comfort despite headwinds - Maintain BUY |
India |
Vishal Gutka |
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| 08-Apr-2020 |
ITC Limited: Company Update : Time to apply a “cigar-butt investing” approach - Upgrade to BUY |
India |
Vishal Gutka |
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| 01-Feb-2020 |
ITC Limited: Company Update : And the hits just keep on coming… Downgrade to Neutral |
India |
Vishal Gutka |
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| 24-Oct-2019 |
ITC Q2FY20: Enough margin of safety despite headwinds , Maintain Buy |
India |
Vishal Gutka |
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| 02-Aug-2019 |
ITC Q1FY20:Wait for cigarette Double digit Ebit growth get elongated , Maintain Buy |
India |
Vishal Gutka |
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| 14-May-2019 |
ITC Q4FY19: Attractive valuations provide safety Net, Maintain Buy |
India |
Vishal Gutka |
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| 23-Jan-2019 |
ITC Q3FY19: Wait for double-digit cigarette EBIT growth gets longer, Maintain Buy |
India |
Vishal Gutka |
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| 26-Oct-2018 |
ITC Q2FY19: All eyes on cigarette price hike in H2FY19, Maintain Buy |
India |
Vishal Gutka |
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| 27-Jul-2018 |
ITC Q1FY19: Things finally falling into place, Maintain Buy |
India |
Vishal Gutka |
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