ITC Stock Financial Analysis - ITC Limited (NSEI) Stock

Overview

ITC Ltd, based in India, operates predominantly in the Fast-Moving Consumer Goods (FMCG) industry. The conglomerate is also involved in hospitality, packaging, paperboards, and agri-business. ITC started in 1910 as a tobacco company. Over time, ITC expanded into FMCG (Fast Moving Consumer Goods) including packaged foods, personal care products, and education supplies. ITC has 25+ FMCG brans and 200+ Manufacturing location. ITC exports to over 90 countries and their products are sold in millions of retail outlets across India. While cigarettes remain a part of their business. Its key projects often revolve around product innovation, sustainable packaging solutions, and enhancing agricultural productivity through its e-Choupal initiative.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for ITC Limited as of 30 June 2025 is 790,403.20 MM.
The operating income for ITC Limited as of 30 June 2025 is 244,449.30 MM.
The net income for ITC Limited as of 30 June 2025 is 348,992.40 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	790,403.20	244,449.30	348,992.40
2025-03-31	753,233.40	241,931.30	347,466.30
2024-12-31	765,452.00	247,909.60	201,398.10
2024-09-30	751,352.70	246,445.10	205,402.40
2024-06-30	721,738.70	244,043.00	204,454.40
2024-03-31	708,810.00	244,379.60	204,587.80
2023-12-31	705,931.90	244,405.40	205,137.10
2023-09-30	702,783.40	246,537.60	201,851.30
2023-06-30	696,118.60	244,492.80	199,068.30
2023-03-31	709,368.50	238,606.80	191,916.60
2022-12-31	698,574.90	227,698.70	182,118.70
2022-09-30	692,611.30	216,803.60	172,619.50
2022-06-30	659,102.90	204,795.10	163,559.40
2022-03-31	606,680.90	188,701.10	152,426.60
2021-12-31	584,548.30	183,117.80	148,024.40
2021-09-30	544,263.90	175,152.30	142,722.60
2021-06-30	527,459.60	169,157.60	139,266.70
2021-03-31	492,727.80	154,127.20	131,611.90
2020-12-31	467,126.70	150,415.70	132,622.40
2020-09-30	465,355.00	152,098.70	137,112.30

Income Statement: EPS

The earnings per share basic for ITC Limited as of 30 June 2025 is 27.89.
The earnings per share diluted for ITC Limited as of 30 June 2025 is 27.85.

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30	27.89	27.85
2025-03-31	27.79	27.75
2024-12-31	16.12	16.10
2024-09-30	16.45	16.42
2024-06-30	16.39	16.35
2024-03-31	16.42	16.38
2023-12-31	16.49	16.43
2023-09-30	16.25	16.20
2023-06-30	16.05	16.00
2023-03-31	15.50	15.46
2022-12-31	14.74	14.71
2022-09-30	13.99	13.97
2022-06-30	13.28	13.27
2022-03-31	12.38	12.37
2021-12-31	12.02	12.02
2021-09-30	11.60	11.60
2021-06-30	11.32	11.32
2021-03-31	10.70	10.70
2020-12-31	10.79	10.78
2020-09-30	11.15	11.15

Cash Flow: Operations, Investing, Financing

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30
2025-03-31	176,270.40	-3,958.20	-170,374.00
2024-12-31
2024-09-30	161,626.60	5,975.50	-165,910.10
2024-06-30
2024-03-31	171,788.60	15,627.70	-185,509.60
2023-12-31
2023-09-30	181,814.10	-100.20	-177,835.30
2023-06-30
2023-03-31	188,775.50	-57,322.90	-130,060.30
2022-12-31
2022-09-30	174,053.80	-48,211.10	-126,740.30
2022-06-30
2022-03-31	157,755.10	-22,384.90	-135,805.00
2021-12-31
2021-09-30	139,404.20	1,962.80	-142,212.30
2021-06-30
2021-03-31	125,269.70	56,829.10	-186,338.30
2020-12-31
2020-09-30	133,410.60	-18,189.70	-115,420.80

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for ITC Limited as of 30 June 2025 is 15.08.
The p/book for ITC Limited as of 30 June 2025 is 7.44.
The p/tbv for ITC Limited as of 30 June 2025 is 7.89.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	15.08	7.44	7.89
2025-03-31	25.44	6.76	7.08
2024-12-31	29.06	7.88	8.25
2024-09-30	31.98	8.73	9.15
2024-06-30	25.94	7.09	7.43
2024-03-31	26.05	7.67	8.08
2023-12-31	27.91	8.09	8.52
2023-09-30
2023-06-30	29.09	8.03	8.46
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31	20.74	5.00	5.24
2021-12-31	18.82	4.38	4.59
2021-09-30	21.07	4.83	5.07
2021-06-30	22.92	5.26	5.51
2021-03-31	24.26	5.26	5.51
2020-12-31	24.07	5.36	5.63
2020-09-30	23.28	5.36	5.63

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for ITC Limited as of 30 June 2025 is 0.05.
The ebit (3y)/ev for ITC Limited as of 30 June 2025 is 0.05.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.05	0.05
2025-03-31	0.05	0.05
2024-12-31	0.05	0.04
2024-09-30	0.04	0.04
2024-06-30	0.05	0.05
2024-03-31	0.05	0.05
2023-12-31	0.05	0.04
2023-09-30	0.05	0.04
2023-06-30	0.05	0.04
2023-03-31	0.05	0.04
2022-12-31	0.06	0.05
2022-09-30	0.06	0.05
2022-06-30	0.06	0.06
2022-03-31	0.07	0.06
2021-12-31	0.07	0.07
2021-09-30	0.07	0.07
2021-06-30	0.06	0.06
2021-03-31	0.06	0.06
2020-12-31	0.06	0.04
2020-09-30	0.06	0.06

Management Effectiveness

The roa for ITC Limited as of 30 June 2025 is 0.38.
The roe for ITC Limited as of 30 June 2025 is 0.46.
The roic for ITC Limited as of 30 June 2025 is 0.49.
The croic for ITC Limited as of 30 June 2025 is 0.00.
The ocroic for ITC Limited as of 30 June 2025 is 0.25.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.38	0.46	0.49	0.00	0.25
2025-03-31	0.23	0.29	0.26	0.00	0.21
2024-12-31	0.24	0.29	0.27	0.00	0.21
2024-09-30	0.23	0.29	0.27	0.00	0.23
2024-06-30	0.24	0.29	0.27	0.00	0.23
2024-03-31	0.25	0.31	0.29	0.01	0.26
2023-12-31	0.25	0.31	0.29	0.01	0.26
2023-09-30	0.26	0.32	0.28	0.00	0.00
2023-06-30	0.25	0.31	0.29	0.00	0.27
2023-03-31	0.24	0.29	0.27	0.00	0.27
2022-12-31	0.23	0.28	0.26	-0.00	0.26
2022-09-30	0.22	0.27	0.26	-0.00	0.26
2022-06-30	0.21	0.27	0.26	-0.00	0.25
2022-03-31	0.20	0.25	0.24	-0.00	0.25
2021-12-31	0.19	0.24	0.24	-0.00	0.23
2021-09-30	0.19	0.24	0.23	-0.00	0.00
2021-06-30	0.18	0.21	0.23	-0.01	0.21
2021-03-31	0.17	0.20	0.22	-0.01	0.21
2020-12-31	0.18	0.22	0.22	0.00	0.22
2020-09-30	0.19	0.23	0.23	0.00	0.22

Gross Margins

The gross margin for ITC Limited as of 30 June 2025 is 0.58.
The net margin for ITC Limited as of 30 June 2025 is 0.46.
The operating margin for ITC Limited as of 30 June 2025 is 0.32.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.58	0.46	0.32
2025-03-31	0.58	0.26	0.32
2024-12-31	0.59	0.27	0.33
2024-09-30	0.60	0.28	0.34
2024-06-30	0.62	0.29	0.34
2024-03-31	0.60	0.29	0.35
2023-12-31	0.60	0.29	0.35
2023-09-30	0.60	0.29	0.35
2023-06-30	0.59	0.29	0.35
2023-03-31	0.57	0.27	0.34
2022-12-31	0.55	0.25	0.31
2022-09-30	0.55	0.25	0.31
2022-06-30	0.57	0.25	0.31
2022-03-31	0.56	0.25	0.31
2021-12-31	0.57	0.25	0.31
2021-09-30	0.57	0.26	0.32
2021-06-30	0.57	0.26	0.32
2021-03-31	0.59	0.27	0.31
2020-12-31	0.60	0.29	0.33
2020-09-30	0.61	0.30	0.33