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ITC Limited
(ITC)
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Rating:67Neutral
Price Target:
₹293.00
▲(8.12% Upside)
Action:Downgraded
Date:08/22/26
The score is supported mainly by strong financial quality (profitability, low leverage, and solid cash generation). It is held back by weak technicals, with the stock trading below all key moving averages and bearish momentum signals. Reasonable valuation and a high dividend yield provide partial support but do not offset the negative trend.
Positive Factors
Very low leverage
A conservative balance sheet limits financial risk and interest burden, giving ITC flexibility to sustain dividends, fund growth initiatives, and absorb volatility across cyclical or regulated businesses.
Negative Factors
Sharp latest-period earnings decline
A substantial revenue and earnings step-down raises uncertainty about the pace of recovery and can reduce operating leverage. Continued weakness would constrain growth investment and make overall performance more dependent on stronger segments.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
A conservative balance sheet limits financial risk and interest burden, giving ITC flexibility to sustain dividends, fund growth initiatives, and absorb volatility across cyclical or regulated businesses.
Read all positive factors
ITC Limited (ITC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.39T
Dividend Yield5.42%
Average Volume (3M)1.28M
Price to Earnings (P/E)17.0
Beta (1Y)0.47
Revenue Growth-4.13%
EPS Growth-43.21%
CountryIN
Employees22,493
SectorGeneral
Sector StrengthN/A
IndustryTobacco
Share Statistics
EPS (TTM)15.84
Shares Outstanding12,529,782,000
10 Day Avg. Volume1,430,220
30 Day Avg. Volume1,283,198
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)5.04
Price to Sales (P/S)4.67
P/FCF Ratio22.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹330.00Price Target Upside21.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)14.27
Revenue Forecast (FY)₹714.19B
ITC Limited Business Overview & Revenue Model
Company Description
ITC Limited, an Indian conglomerate founded in 1910 and headquartered in Kolkata, maintains a highly diversified business portfolio with operations extending across India and internationally. Its core segments encompass fast-moving consumer goods ...
How the Company Makes Money
ITC makes money through multiple business segments that generate revenue primarily from product sales and service income:
1) Cigarettes & tobacco products: ITC earns revenue by manufacturing and selling cigarettes and other tobacco-related produc...
ITC Limited Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
88
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 762.92B | 782.13B | 753.23B | 679.32B | 709.37B | 606.68B |
| Gross Profit | 385.55B | 456.65B | 427.10B | 402.53B | 410.73B | 336.21B |
| EBITDA | 284.21B | 298.29B | 260.18B | 253.73B | 255.74B | 204.94B |
| Net Income | 198.39B | 206.89B | 347.47B | 204.59B | 191.92B | 152.43B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 937.92B | 880.91B | 918.26B | 858.83B | 772.60B |
| Cash, Cash Equivalents and Short-Term Investments | 245.11B | 237.59B | 203.00B | 198.93B | 218.74B | 166.94B |
| Total Debt | 0.00 | 23.99B | 2.85B | 3.03B | 3.06B | 2.50B |
| Total Liabilities | -728.73B | 209.19B | 176.93B | 169.36B | 163.44B | 144.38B |
| Stockholders Equity | 728.73B | 725.07B | 700.30B | 745.07B | 691.55B | 624.56B |
Cash Flow | ||||||
| Free Cash Flow | 51.01B | 162.81B | 153.48B | 136.16B | 161.35B | 136.34B |
| Operating Cash Flow | 61.63B | 184.64B | 176.27B | 171.79B | 188.78B | 157.76B |
| Investing Cash Flow | 32.79B | -23.21B | -3.96B | 15.63B | -57.32B | -22.38B |
| Financing Cash Flow | -95.46B | -161.47B | -170.37B | -185.51B | -130.06B | -135.81B |
ITC Limited Technical Analysis
Negative
271.00
Price Trends
282.31
Negative
287.87
Negative
313.30
Negative
Market Momentum
-3.85
Positive
38.39
Neutral
36.81
Neutral
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 271 is below the 20-day moving average (MA) of 277.57, below the 50-day MA of 282.31, and below the 200-day MA of 313.30, indicating a bearish trend. The MACD of -3.85 indicates Positive momentum. The RSI at 38.39 is Neutral, neither overbought nor oversold. The STOCH value of 36.81 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹2.80T | 73.38 | ― | 0.97% | 19.30% | 22.64% | |
69 Neutral | ₹1.29T | 49.01 | ― | 1.39% | 6.63% | 18.70% | |
69 Neutral | ₹4.77T | 31.56 | ― | 1.91% | 3.83% | 38.55% | |
67 Neutral | ₹3.39T | 16.98 | ― | 5.11% | -4.13% | -43.21% | |
65 Neutral | ₹1.04T | 63.04 | ― | 0.92% | 15.60% | 22.76% | |
59 Neutral | ₹948.60B | 49.33 | ― | 1.89% | 9.22% | 3.19% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:ITC
ITC Limited
267.40
-114.67
-30.01%
IN:BRITANNIA
Britannia Industries Ltd
5,296.10
-329.26
-5.85%
IN:GODREJCP
Godrej Consumer Products Limited
922.00
-304.31
-24.82%
IN:HINDUNILVR
Hindustan Unilever Limited
2,007.00
-557.70
-21.75%
IN:NESTLEIND
Nestle India Ltd.
1,449.50
298.97
25.99%
IN:TATACONSUM
Tata Consumer Products Limited
1,041.90
-11.30
-1.07%
ITC Limited Corporate Events
ITC Board Clears Unaudited Q1 FY27 Results and Auditor Review
Jul 31, 2026
ITC Limited’s Board of Directors has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with segment-wise revenue, results, assets and liabilities. The Board also noted the limited...
ITC Board Clears Q1 FY2026 Unaudited Results and Auditor Review
Jul 31, 2026
ITC Limited’s Board of Directors met on July 31, 2026 and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with segment-wise revenue, results, assets and liabilities. The Board a...
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.