NSE/ITC

ITCITC Ltd

Consumer Goods · NSE

₹306.8+1.12%

52-wk low52-WEEK RANGE52-wk high

₹287.7+6.6% from low ·-30.7% from high₹442.9

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

ITC-26.30% · 1Y

Range high ₹444.2Range low ₹287Latest ₹306.8252 bars · daily-close · NSE bhavcopy + 10Y history

Consumer GoodsTobaccoLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite50/100

Performance

Low

Hasn't fared well — amongst the weak performers.

· 52w return -27.4% — underperformer
· Below 200-DMA (-18.0%) — downtrend

Valuation

Low

Appears to be fairly valued to cheap vs peers.

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(65/100)

Durability

A+

88/100

Financially resilient — strong quality + solvency profile.

Show 4 drivers

Piotroski F-score6/9 (67pt)
Altman Z" score5.30 (100pt)
Debt/Equity0.01 (100pt)
ROE28.7% (100pt)

Valuation

79/100

Attractively valued vs peers and growth — good margin of safety.

Show 5 drivers

P/E vs sector (18.8 / 45.4)41% (100pt)
PEG1.78 (40pt)
P/B5.38 (100pt)
Dividend yield4.68% (100pt)
EV/EBITDA13.6 (40pt)

Momentum

27/100

Negative momentum — trend and technicals stacked bearish.

Show 5 drivers

52w change-27.4% (0pt)
DMA-trend alignmentdown (25pt)
RSI (14)54.9 (60pt)
Price vs 200-DMA-18.3% (23pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)18.76

UNDERVALUED

CheapestP/E 18.8 at 10th %ile of sector — cheaper than 90% of peers.Most expensive

P/B5.38

UNDERVALUED

CheapestP/B 5.38 at 25th %ile of sector.Most expensive

EV/EBITDA13.57

FAIR

Monthly seasonality

Avg monthly return over 11 years · historical — not a forecast

Best: Jul +3.20% · Worst: Feb -2.97%

Jan

-1.7%

36% win

Feb

-3.0%

33% win

Mar

+1.6%

67% win

Apr

+2.8%

67% win

May

+2.8%

64% win

Jun

-0.4%

Monthly return distribution

Distribution of 135 monthly returns

Mean

+0.40%

Median

-0.26%

Std dev

6.34%

Best

+17.2%

Worst

-20.1%

% positive

50%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 5

High-quality compounder (ROE 28.7%)
Above 20% ROE consistently flags capital-efficient businesses
Lean balance sheet (D/E 0.01)
Low leverage means earnings are less sensitive to rate cycles
Strong net margin (50.1%)
High margin indicates pricing power + operating efficiency
Bankruptcy risk low (Altman Z″ 5.30)
Z″ above 2.60 sits squarely in the 'safe' zone
Top quartile ROE in Consumer Goods
Rank 4 of 20 peers

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 1

18% upside to consensus target (₹359)
33 analysts see fair value materially higher

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+1.1%

+0.8%

+1.8%

-10.0%

-24.4%

-25.6%

-5.3%

+8.7%

10Y

+3.9%

Fundamentals

VALUATION

Market cap

₹3,82,149 Cr

P/E (TTM)

18.8

P/E (fwd)

18.2

next 12m

P/B

5.38

EV/EBITDA

13.6

Book value

₹56.71

per share

PROFITABILITY · QUALITY

ROE

28.7%

ROCE

—

Net margin

50.1%

Op margin

32.2%

Gross margin

55.9%

D/E

0.01

GROWTH · MARKET

Rev YoY

+6.7%

Profit YoY

0.0%

Div yield

4.68%

Payout

88.3%

52w change

-27.4%

Beta

-0.13

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 5

+Trading at -58.7% vs sector median P/EP/E 18.8 vs Consumer Goods median 45.4 — relative value on earnings
+High ROE of 28.7%Capital-efficient business — every rupee of equity generates 28.7 paise of earnings
+Strong operating margin (32.2%)Meaningful pricing power or cost discipline — above most Indian companies
+3-year profit CAGR of 31.6%Consistently compounding earnings — the Buffett playbook
+Nearly debt-free (D/E 0.01)Low financial risk — funds growth from internal accruals, resilient in downturns

CONS · 2

−Payout ratio above 80% (88%)Little retained earnings for reinvestment — dividend sustainability depends on stable earnings
−Down -27.4% over the last year

Sector-relative context

Consumer Goods · 20 peers

P/E (TTM)

This stock

18.76

Sector median

45.41

Rank 2/20 (95th %ile)

ROE

This stock

28.7%

Sector median

18.8%

Rank 17/20 (20th %ile)

P/B

This stock

5.38

Sector median

8.55

Rank 5/20 (80th %ile)

Quality score · Piotroski F-score

6 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
✗Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE5.30

Z″ = 5.30 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.240	×6.56	1.576
Retained Earnings / Total Assets (B)	0.405	×3.26	1.320
EBIT / Total Assets (C)	0.245	×6.72	1.644
Book Equity / Total Liabilities (D)	0.727	×1.05	0.763

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

33 analysts · HOLD

Target mean

₹359.06

Target high

₹486.00

Target low

₹290.00

Upside vs today

+17.7%

Street consensus target is +17.7% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Tobacco

Employees

22,041

Shares out

1,252.9

Revenue (TTM)

₹79,809 Cr

EBITDA

₹26,990 Cr

Total debt

₹363 Cr

Cash

₹18,560 Cr

Net debt

₹-18,197 Cr

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	19,841	18,580	18,565	21,373	19,918
Operating profit	6,136	5,946	5,970	6,394	6,452
OPM %	30.9%	32.0%	32.2%	29.9%	32.4%
Interest	15

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	60,081	70,245	67,391	74,653
Operating profit	18,895	23,897	23,669	24,193
OPM %	31.4%	34.0%	35.1%	32.4%
Interest	39	43	39	45

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
ITCTHIS ITC Limited	₹306.8	-27.4%	3,82,149	18.8	5.38	28.7%	0.01	+6.7%
HINDUNILVR Hindustan Unilever Limited	₹2,240.8	-4.7%	5,24,387	51.9	10.76	20.7%	0.04	+3.9%
NESTLEIND Nestle India Limited	₹1,285.6	-46.4%	2,48,058	75.8	55.94	73.8%	0.11	+18.6%
ASIANPAINT Asian Paints Limited	₹2,464	+0.8%	2,41,259	62.7	12.32	19.6%	0.18	+3.7%
BRITANNIA Britannia Industries Limited	₹5,735.5	+6.3%	1,37,295	56.8	36.77	64.8%	0.58	+8.2%
GODREJCP Godrej Consumer Products Limited	₹1,109.4	-8.6%	1,13,048	61.9	9.29	15.0%	0.34	+8.8%
MARICO Marico Limited	₹757.3	+8.9%	98,411	57.3	24.30	—	0.14	+12.2%
DABUR Dabur India Limited	₹442.85	-6.9%	78,344	42.4	7.15	16.9%	0.12	+6.1%
COLPAL Colgate Palmolive (India) Limited	₹2,106	-17.2%	57,906	43.6	36.60	84.0%	0.04	+1.7%

AMC	Scheme	Value ₹Cr	% of scheme	Shares
SBI Mutual Fund	SBI Bluechip Fund	998.3	2.84%	329.00 L
HDFC Mutual Fund	HDFC Top 100 Fund	923.7	3.01%	304.80 L
Nippon India MF	Nippon India Large Cap Fund	578.4	2.65%	190.90 L

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	4.20	4.23	+0.7%
-2q	4.15	4.08	-1.8%
-3q	4.00	4.18	+4.5%
-4q	3.90	4.02	+3.0%

Date	Amount
2026-02-04	₹6.50
2025-05-28	₹7.85
2025-02-12	₹6.50
2024-06-04	₹7.50
2024-02-08	₹6.25
2023-05-30	₹9.50
2023-02-15	₹6.00
2022-05-26	₹6.25
2022-02-14	₹5.25
2021-06-10	₹5.75
2021-02-22	₹5.00
2020-07-06	₹10.15
2019-05-22	₹5.75
2018-05-25	₹5.15
2017-06-05	₹4.75
2016-05-30	₹5.67

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	1,232	1,243	1,248	1,251
Reserves	31,292	35,340	36,173	49,010
Borrowings	250	306	304	285
Other liabilities	36	83	150	35
Total liabilities	77,260	85,883	91,826	88,091
Fixed assets	24,477	25,201	27,165	19,172
CWIP	3,402	3,209	3,143	1,161
Investments	12,322	13,989	17,950	14,997
Other assets	1,291	1,312	1,380	1,016
Total assets	77,260	85,883	91,826	88,091

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	15,776	18,878	17,179	17,627
CF Investing	-2,238	-5,732	1,563	-396
CF Financing	-13,581	-13,006	-18,551	-17,037
Net cash flow	-43	139	191	26
Free cash flow	13,634	16,135	13,616	15,348

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	32.4%	35.1%	34.0%	31.4%
Net margin %	46.5%	30.4%	27.3%	25.4%
ROE %	79.3%	55.3%	55.5%	46.9%
ROCE %	61.1%	70.9%	74.5%	63.4%
Debt / Equity	0.01	0.01	0.01	0.01
Dividend payout %	50%	96%	79%	89%
Interest coverage	598.6×	676.0×	600.9×	527.9×
Revenue growth YoY	+10.8%	-4.1%	+16.9%	—
Profit growth YoY	+69.8%	+6.6%	+25.9%	—

ITCITC Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Consumer Goods

Mutual fund holdings

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Stock scorecard

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

SWOT analysis

Mutual fund holdings

Ratios

Peer comparison · Consumer Goods