āagman

Not investment advice. Data and computed figures, for information only.

ITC Ltd

NSE: ITCF&O
₹263.90
+₹2.40 (+0.92%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹3,33,312 Cr
CMP
₹263.90
52-wk High / Low
₹426 / 253
P/E
16.9
P/B
4.6
Book Value
₹57.9
Div Yield
5.45%
ROCE
39.0%
ROE
29.3%
Face Value
₹1
D/E
0.03

Price−34.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹147
√(22.5 × EPS × book value per share)
ROIC
25.6%
vs 13.1% sector median
Cash flow to profit
0.88
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−460
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
2.3%
ROE × earnings retention ratio
ROE stability
9.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Cash-accrual divergence
2.8%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 36% vs the 2024 sector median of 21%)
+Annualised volatility of 22.6% is in the low band (≤25%)
+PE of 16.9x is below the sector median of 34.6x
Watch-outs
−Borrowings are up 2756.0% since FY2016 (84 to 2399)
−Price trades below its 200-day moving average (0.9x)
−Price is 38.1% below its 52-week high
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales17,16417,77417,19517,03817,77819,99018,79018,76521,49519,50220,04717,82519,114
Expenses10,49411,32010,98510,73611,23313,43812,42812,24614,67812,80713,16510,90013,934
Operating Profit6,6706,4546,2106,3026,5456,5526,3626,5196,8166,6956,8836,9245,181
OPM %38.9%36.3%36.1%37.0%36.8%32.8%33.9%34.7%31.7%34.3%34.3%38.8%27.1%
Other Income72267482086877169080315,3917517393227001,148
Interest10101211101510111620192940
Depreciation442453384385403416416411423435431422428
Profit before tax6,9406,6656,6356,7746,9036,8116,74021,4897,1286,9796,7547,1735,861
Net Profit5,1904,9655,4075,1915,1775,0545,01319,8085,3435,1875,0185,4704,509
EPS (₹)4.103.934.284.104.083.993.9415.764.194.093.944.303.51

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales38,81739,19242,76843,44948,34049,38849,25760,64570,91967,93275,32378,86876,488
Expenses24,56624,66127,29826,92829,80230,04432,19340,02145,21542,74449,49251,56250,806
Operating Profit14,25214,53115,47016,52118,53719,34417,06520,62325,70425,18825,83227,30625,682
OPM %36.7%37.1%36.2%38.0%38.3%39.2%34.6%34.0%36.2%37.1%34.3%34.6%33.6%
Other Income1,2291,4831,7592,2402,0802,4172,5771,9102,0983,33017,8032,5232,908
Interest9178491157181586078394585108
Depreciation1,0281,0771,1531,2361,3971,6451,6461,7321,8091,5181,6461,7111,715
Profit before tax14,36214,85916,02617,40919,15020,03517,93820,74025,91526,96141,94328,03326,766
Net Profit9,7799,50110,47711,49312,83615,59313,38315,50319,47720,75135,05221,01820,184
EPS (₹)8.047.748.479.2410.2712.4510.6912.3715.4416.3927.7716.5115.84

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital8028051,2151,2201,2261,2291,2311,2321,2431,2481,2511,253—
Reserves30,93441,87545,19851,29057,91564,04459,11661,22367,91273,25968,77971,254—
Borrowings269844636132772712493063032852,399—
Other Liabilities13,9488,8889,44011,69512,58511,76013,14314,49116,37016,94417,68818,731—
Total Liabilities45,95251,65155,89864,24171,73977,31173,76177,19685,83191,75488,00393,637—
Fixed Assets15,30315,10715,89316,52419,37421,71323,29824,23225,85127,82021,95522,443—
CWIP2,7002,5603,7305,5084,1363,2564,0113,2263,0032,8611,0911,602—
Investments6,94311,74817,58122,05325,04328,66324,87124,84129,41531,11434,72038,128—
Other Assets21,00622,23718,69420,15623,18523,67821,58024,89827,56129,95930,23731,464—
Total Assets45,95251,65155,89864,24171,73977,31173,76177,19685,83191,75488,00393,637—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7,3449,8439,79910,62713,16912,58314,69012,52715,77618,87817,17917,62718,464
Cash from Investing Activity−3,254−5,275−3,921−3,251−7,114−5,546−6,1745,740−2,238−5,7321,563−564−2,321
Cash from Financing Activity−4,122−4,661−5,613−7,301−6,221−6,869−8,181−18,634−13,580−13,006−18,551−17,037−16,147
Net Cash Flow−32−9326675−166169334−367−4313919126−4

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %50.047.040.036.034.034.032.028.033.039.036.037.039.0
ROE %————————————29.3
EPS (₹)7.458.047.748.479.2410.2712.4510.6912.3715.4416.3927.7716.51
Book Value (₹)————————————57.9
Face Value (₹)————————————1
P/E————————————16.9
Div Yield %————————————5.45
NPM %25.524.423.423.525.225.530.125.824.826.729.137.625.8
OPM %37.037.037.036.038.038.039.035.034.036.037.034.035.0
D/E0.010.010.000.000.000.000.000.000.000.000.000.000.03
P/B————————————4.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+7.0%
5 years+10.0%
3 years+4.0%
TTM−3.0%
Compounded profit growth
10 years+8.0%
5 years+10.0%
3 years+3.0%
TTM−1.0%
Stock price CAGR
10 years+2.0%
5 years+3.0%
3 years−14.0%
Last year−34.0%
Return on equity
10 years28.0%
5 years32.0%
3 years35.0%
Last year29.0%

Shareholding pattern

Documents

As of 11 Oct 2026
Announcements
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-AcquisitionClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026PPTMay 2026PPTJan 2026PPTOct 2025PPTAug 2025PPT

Corporate actions

As of 27 May 2026
27 May 2026DIVIDENDDividend - Rs 8 Per Share—
4 Feb 2026DIVIDENDInterim Dividend - Rs 6.50 Per Share—
28 May 2025DIVIDENDDividend - Rs 7.85 Per Share—
12 Feb 2025DIVIDENDInterim Dividend - Rs 6.50 Per Share—
6 Jan 2025DEMERGERDemerger—
4 Jun 2024DIVIDENDDividend - Rs 7.50 Per Share—
8 Feb 2024DIVIDENDInterim Dividend - Rs 6.25 Per Share—
30 May 2023DIVIDENDDividend - Rs 6.75 Per Share /Special Dividend - Rs 2.75 Per Share—
15 Feb 2023DIVIDENDInterim Dividend - Rs 6 Per Share—
26 May 2022DIVIDENDDividend - Rs 6.25 Per Share—
14 Feb 2022DIVIDENDInterim Dividend - Rs 5.25 Per Share—
10 Jun 2021DIVIDEND Dividend - Rs 5.75 Per Share—
22 Feb 2021DIVIDEND Interim Dividend - Rs 5 Per Share—
6 Jul 2020DIVIDEND Dividend - Rs 10.15 Per Share—
22 May 2019DIVIDEND Dividend - Rs 5.75 Per Share—
25 May 2018DIVIDEND Dividend- Rs 5.15 Per Share—
5 Jun 2017DIVIDEND Dividend-Rs 4.75 Per Share—
1 Jul 2016BONUS Bonus 1:2—
30 May 2016DIVIDEND Dividend-Rs.8.50 Per Share (Including Special Dividend Of Rs.2/- Per Share).—
3 Jun 2015DIVIDENDDividend - Rs 6.25/- Per Share—
3 Jun 2014DIVIDENDDividend - Rs 6/- Per Share—
31 May 2013DIVIDENDAnnual General Meeting And Dividend Rs.5.25 Per Share—
11 Jun 2012DIVIDENDAnnual General Meeting/Dividend Rs 4.50 Per Share—
10 Jun 2011DIVIDENDDividend Final Rs 2.80 And Special Rs 1.65 Per Share—
3 Aug 2010BONUSBonus 1:1—
9 Jun 2010DIVIDENDFinal Dividend Rs.4.50 Per Share And Special Centenary Dividend Rs.5.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman