Established in 1910, ITC is the largest cigarette manufacturer and seller in the country. ITC operates in four business segments at present — FMCG Cigarettes, FMCG Others, Paperboards, Paper and Packaging, and Agri Business. [1]
Price from Yahoo Finance, delayed · Fundamentals as reportedData as published. No model runs on this page.
A next-day technical read — trend, RSI, ATR and volume distilled into a directional read with a calibrated range, scored against tomorrow's close. Sign in to run it.
Automated flags from the reported numbers. Context, not a call.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 17,164 | 17,774 | 17,195 | 17,038 | 17,778 | 19,990 | 18,790 | 18,765 | 21,495 | 19,502 | 20,047 |
Generated on demand from the fundamentals above plus a live web scan. Takes one to two minutes.
The business narrative, written down and turned into explicit assumptions.
A valuation from those assumptions, under bull, base and bear cases.
Where today's price sits relative to that range.
| 17,825 |
| 19,114 |
| Expenses + | 10,494 | 11,320 | 10,985 | 10,736 | 11,233 | 13,438 | 12,428 | 12,246 | 14,678 | 12,807 | 13,165 | 10,900 | 13,934 |
| Operating Profit | 6,670 | 6,454 | 6,210 | 6,302 | 6,545 | 6,552 | 6,362 | 6,519 | 6,816 | 6,695 | 6,883 | 6,924 | 5,181 |
| OPM % | 39% | 36% | 36% | 37% | 37% | 33% | 34% | 35% | 32% | 34% | 34% | 39% | 27% |
| Other Income + | 722 | 674 | 820 | 868 | 771 | 690 | 803 | 15,391 | 751 | 739 | 322 | 700 | 1,148 |
| Interest | 10 | 10 | 12 | 11 | 10 | 15 | 10 | 11 | 16 | 20 | 19 | 29 | 40 |
| Depreciation | 442 | 453 | 384 | 385 | 403 | 416 | 416 | 411 | 423 | 435 | 431 | 422 | 428 |
| Profit before tax | 6,940 | 6,665 | 6,635 | 6,774 | 6,903 | 6,811 | 6,740 | 21,489 | 7,128 | 6,979 | 6,754 | 7,173 | 5,861 |
| Tax % | 25% | 26% | 19% | 23% | 25% | 26% | 26% | 8% | 25% | 26% | 26% | 24% | 23% |
| Net Profit + | 5,190 | 4,965 | 5,407 | 5,191 | 5,177 | 5,054 | 5,013 | 19,808 | 5,343 | 5,187 | 5,018 | 5,470 | 4,509 |
| EPS in Rs | 4.10 | 3.93 | 4.28 | 4.10 | 4.08 | 3.99 | 3.94 | 15.76 | 4.19 | 4.09 | 3.94 | 4.30 | 3.51 |
| Raw PDF |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 38,817 | 39,192 | 42,768 | 43,449 | 48,340 | 49,388 | 49,257 | 60,645 | 70,919 | 67,932 | 75,323 | 78,868 | 76,488 |
| Expenses + | 24,566 | 24,661 | 27,298 | 26,928 | 29,802 | 30,044 | 32,193 | 40,021 | 45,215 | 42,744 | 49,492 | 51,562 | 50,806 |
| Operating Profit | 14,252 | 14,531 | 15,470 | 16,521 | 18,537 | 19,344 | 17,065 | 20,623 | 25,704 | 25,188 | 25,832 | 27,306 | 25,682 |
| OPM % | 37% | 37% | 36% | 38% | 38% | 39% | 35% | 34% | 36% | 37% | 34% | 35% | 34% |
| Other Income + | 1,229 | 1,483 | 1,759 | 2,240 | 2,080 | 2,417 | 2,577 | 1,910 | 2,098 | 3,330 | 17,803 | 2,523 | 2,908 |
| Interest | 91 | 78 | 49 | 115 | 71 | 81 | 58 | 60 | 78 | 39 | 45 | 85 | 108 |
| Depreciation | 1,028 | 1,077 | 1,153 | 1,236 | 1,397 | 1,645 | 1,646 | 1,732 | 1,809 | 1,518 | 1,646 | 1,711 | 1,715 |
| Profit before tax | 14,362 | 14,859 | 16,026 | 17,409 | 19,150 | 20,035 | 17,938 | 20,740 | 25,915 | 26,961 | 41,943 | 28,033 | 26,766 |
| Tax % | 32% | 36% | 35% | 34% | 33% | 22% | 25% | 25% | 25% | 23% | 16% | 25% | |
| Net Profit + | 9,779 | 9,501 | 10,477 | 11,493 | 12,836 | 15,593 | 13,383 | 15,503 | 19,477 | 20,751 | 35,052 | 21,018 | 20,184 |
| EPS in Rs | 8.04 | 7.74 | 8.47 | 9.24 | 10.27 | 12.45 | 10.69 | 12.37 | 15.44 | 16.39 | 27.77 | 16.51 | 15.84 |
| Dividend Payout % | 52% | 73% | 56% | 56% | 56% | 82% | 101% | 93% | 100% | 84% | 52% | 88% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 802 | 805 | 1,215 | 1,220 | 1,226 | 1,229 | 1,231 | 1,232 | 1,243 | 1,248 | 1,251 | 1,253 |
| Reserves | 30,934 |
| 41,875 |
| 45,198 |
| 51,290 |
| 57,915 |
| 64,044 |
| 59,116 |
| 61,223 |
| 67,912 |
| 73,259 |
| 68,779 |
| 71,254 |
| Borrowings + | 269 | 84 | 46 | 36 | 13 | 277 | 271 | 249 | 306 | 303 | 285 | 2,399 |
| Other Liabilities + | 13,948 | 8,888 | 9,440 | 11,695 | 12,585 | 11,760 | 13,143 | 14,491 | 16,370 | 16,944 | 17,688 | 18,731 |
| Total Liabilities | 45,952 | 51,651 | 55,898 | 64,241 | 71,739 | 77,311 | 73,761 | 77,196 | 85,831 | 91,754 | 88,003 | 93,637 |
| Fixed Assets + | 15,303 | 15,107 | 15,893 | 16,524 | 19,374 | 21,713 | 23,298 | 24,232 | 25,851 | 27,820 | 21,955 | 22,443 |
| CWIP | 2,700 | 2,560 | 3,730 | 5,508 | 4,136 | 3,256 | 4,011 | 3,226 | 3,003 | 2,861 | 1,091 | 1,602 |
| Investments | 6,943 | 11,748 | 17,581 | 22,053 | 25,043 | 28,663 | 24,871 | 24,841 | 29,415 | 31,114 | 34,720 | 38,128 |
| Other Assets + | 21,006 | 22,237 | 18,694 | 20,156 | 23,185 | 23,678 | 21,580 | 24,898 | 27,561 | 29,959 | 30,237 | 31,464 |
| Total Assets | 45,952 | 51,651 | 55,898 | 64,241 | 71,739 | 77,311 | 73,761 | 77,196 | 85,831 | 91,754 | 88,003 | 93,637 |