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ITC (ITC) · mywealthgrid

About

ITC is a diversified consumer staples major with ₹3.47 lakh-crore market cap spanning cigarettes, packaged foods, personal care, paper and hotels. Strong ROE of 29% and minimal leverage (D/E 0.03) reflect capital efficiency and financial strength. Regular dividend declarations (five times since Feb 2024) indicate sustained cash generation.

Founded: 1910
Face value: ₹1

Market cap

₹3,19,619 Cr

P/E

16.1×

P/B

4.4×

Dividend yield

8.7%

ROE

29%

ROCE

37.2%

Debt / equity

0.03

OPM

30.4%

EPS (TTM)

₹15.8

Book value

₹57.9

52-week high

₹421.6

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin compressed from 31-32% (Sep-Dec 2025) to 16-17% (Jun 2026) in six months; verify root cause (commodity inflation, pricing pressure, input costs) and timeline for recovery.

EPS declined from ₹4.30 (Mar 2026) to ₹2.86 (Jun 2026) alongside margin collapse; verify if demand weakness is underlying or this is temporary cost shock.

Quarterly revenue ranges from ₹19,381 Cr to ₹26,943 Cr across recent quarters, suggesting cyclicality or seasonality; verify stability of underlying demand base.

Tobacco operations face regulatory and taxation pressures in India; verify tobacco's contribution to overall revenue and exposure to policy risk.

Generated analysis · source review pending

Growth drivers

Standalone revenue grew 39% from ₹19,381 Cr (Sep 2025) to ₹26,943 Cr (Jun 2026), indicating volume recovery; verify if growth is sustainable and what's driving margin compression from 31-32% to 16-17%.

ROE of 29.03% and D/E of 0.03 provide balance-sheet capacity to fund organic capex or inorganic expansion; verify management's investment plans in higher-growth segments like packaged foods and personal care.

Diversified across five segments (cigarettes, foods, personal care, paper, hotels); verify which segments are highest-growth and whether management is reallocating capital toward them.

Generated analysis · source review pending

₹255.9-36.8%1Y

Beta

0.54

Damps index moves

Volatility (1y)

21.1%

Annualised, daily returns

RSI (14)

45.9

Neither overbought nor oversold

Rel. strength (1y)

-44.8%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Strong return on equity of 35.2% (3-yr avg)
+High return on capital employed of 36.2%
+Healthy operating margin of 30.4%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 329.1×
+Dividend yield of 8.7%

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 96
Growth: 33
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Hindustan UnileverHINDUNILVRHINDUNILVR	₹4,31,460 Cr	₹4,31,460 Cr	₹66,374 Cr	₹15,305 Cr	23.4%	₹14,957 Cr	23.4%	22.7%	30.6%	-79
ITCITCITC	₹3,19,619 Cr	₹3,21,805 Cr	₹96,307 Cr	₹25,682 Cr	30.4%	₹19,839 Cr	23.4%	37.2%	29%	162
Nestlé IndiaNESTLEINDNESTLEIND	₹2,52,164 Cr	₹2,52,188 Cr	₹24,437 Cr	₹5,748 Cr	22.9%	₹3,811 Cr	15.1%	58.3%	76.3%	-9
Britannia IndustriesBRITANNIABRITANNIA	₹1,14,672 Cr	₹1,16,030 Cr	₹19,529 Cr	₹3,627 Cr	18.5%	₹2,604 Cr	13.3%	63.7%	53.5%	-9
MaricoMARICOMARICO	₹1,01,427 Cr	₹1,01,782 Cr	₹14,309 Cr	₹2,492 Cr	17.1%	₹1,888 Cr	13.3%	39.3%	43.1%	34
Dabur IndiaDABURDABUR	₹66,242 Cr	₹67,305 Cr	₹13,552 Cr	₹2,525 Cr	18.6%	₹1,972 Cr	14.2%	21.4%	17.1%	-14

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	39,427	51,393	53,155	65,205	76,518	76,840	81,613	89,913
COGS	2,645	17,345	20,131	26,385	29,006	27,247	31,979	32,548
Gross profit	36,782	34,048	33,024	38,820	47,512	49,593	49,634	57,365
	22,839	14,780	16,028	18,144	21,798	23,311	23,545	29,670
	13,943	19,268	16,996	20,676	25,714	26,282	26,089	27,695
OPM %	35.4%	37.5%	32%	31.7%	33.6%	34.2%	32%	30.8%
Depreciation	—	1,645	1,646	1,732	1,809	1,816	1,646	1,711
Interest	58	55	45	39	43	46	45	85
	1,549	2,466	2,633	1,836	2,053	2,720	17,546	2,134
Profit before tax	15,433	20,035	17,938	20,740	25,915	27,140	41,943	28,033
Tax	5,372	4,442	4,555	5,237	6,438	6,389	6,890	7,015
Tax %	34.8%	22.2%	25.4%	25.3%	24.8%	23.5%	16.4%	25%
	9,912	15,593	13,383	15,503	19,477	20,751	35,052	21,018
PAT margin %	25.1%	30.3%	25.2%	23.8%	25.5%	27%	43%	23.4%
EPS (₹)	12.4	12.5	10.7	12.4	15.5	16.4	27.8	16.5
EPS adjusted (₹)	8.2	12.5	10.7	12.4	15.4	16.4	27.8	16.5
	68.8%	81.4%	100.5%	93%	100%	83.7%	51.6%	87.8%
Annual report	Annual report for Mar 2016	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	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	1,215	1,220	1,226	1,229	1,231	1,232	1,243	1,248	1,251	1,253
Reserves	37,533	45,198	51,290	57,915	64,044	59,116	61,223	67,912	73,259	68,779	71,254
Minority interest	—	—	—	—	—	347	366	384	383	368	366
	225	38	29	10	7	10	6	39	11	91	2,186
	7,988	9,493	11,750	12,648	12,086	13,115	14,432	16,305	16,925	17,601	18,733
Total equity & liabilities	46,547	55,943	64,289	71,798	77,367	73,819	77,260	85,883	91,826	88,091	93,792
	14,794	15,691	16,321	19,172	20,361	22,922	23,867	24,624	26,540	21,051	21,638
CWIP	2,105	3,684	5,500	4,126	3,252	4,004	3,198	2,985	2,851	1,088	1,499
Investments	6,557	11,173	10,846	13,627	28,663	25,247	25,205	29,767	31,455	35,042	38,432
	23,091	25,395	31,622	34,874	25,091	21,646	24,989	28,507	30,980	30,910	32,223
Total assets	46,547	55,943	64,289	71,798	77,367	73,819	77,260	85,883	91,826	88,091	93,792

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
FMCG - Cigarettes	40,601	22,245.62	13,995.56	5,749.63	8,245.93	269.78
FMCG - Others	24,321.55	1,811.82

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	93.3%	66.2%	62.1%	59.5%

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoter	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	43.35%	43.26%	40.95%	40.47%	40.54%	40.17%	39.87%	37.98%	37.39%	36.11%	34.83%	34.23%
	41.93%	41.99%	43.77%	44.02%	44.59%	44.92%	45.19%	46.91%	47.41%	48.89%	49.15%	49.13%
	0%	0%	0%	0%	0%	0%	0%	0%	0.04%	0.04%	0.04%	0.04%
	14.72%	14.75%	15.28%	15.51%	14.87%	14.91%	14.94%	15.11%	15.16%	14.96%	15.98%	16.6%
No. of shareholders	—	—	—	—	—	—	—	—	36,66,407	36,08,157	40,41,653	41,52,430

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹262.8 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹263.6	-3.6	-1.3%	₹263.6	85,626	-507	6,216	1725
23 Nov 2026	₹265.1	-3.4	-1.3%	₹265.1	5,587	+379	795	1725
29 Dec 2026	₹266.0	-3.1	-1.1%	₹266.0	21	+21	36	1725

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

39

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
1	0	0	₹58.9	210

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

229

across 23 fund houses

Held by these funds

11.38%

of the company's equity

All mutual funds

16.5%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

229 schemes · 23 fund houses

		Shares
Parag Parikh Flexi Cap Fund	PPFAS Mutual Fund	30.33 Cr	7,750.35	5.26%	2.429%	-0
Nifty 50 ETF	SBI Mutual Fund	18.7 Cr	4,777.31	2.23%	1.497%	+9.83 L
BSE Sensex ETF	SBI Mutual Fund	12.9 Cr	3,305.38	2.71%	1.033%	+12.79 L
Value Fund	ICICI Prudential Mutual Fund	9.84 Cr	2,513.4	4.18%	0.788%	-0
ETF NIFTY 50 BEES	Nippon India Mutual Fund	5.87 Cr	1,499.2	2.23%	0.47%	+11.79 L
BHARAT 22 ETF	ICICI Prudential Mutual Fund	5.18 Cr	1,326.57	13.34%	0.414%	-1.07 L
LARGE CAP FUND	Nippon India Mutual Fund	4.5 Cr	1,150.51	2.13%	0.361%	-0
Nifty 50 ETF	ICICI Prudential Mutual Fund	3.89 Cr	994.57	2.23%	0.312%	+9.39 L

1–8 of 229

1 / 29

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

44 announcementsExport CSV

26 Jun 2026, 2:24 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

Loading announcements…

264 deals · 23 Sept 2021 – 18 Nov 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Nov 2025	GQG PARTNERS INTERNATIONAL EQUITY CIT	Block	NSE	Buy	2,21,55,428	₹407.10	₹901.95 Cr
18 Nov 2025	RELIANCE TRUST INSTITUTIONAL RETIREMENT TRUST SERIES ELEVEN	Block	NSE	Sell	2,21,55,428	₹407.10	₹901.95 Cr
18 Nov 2025	RELIANCE TRUST INSTITUTIONAL RETIREMENT TRUST SERIES TWELVE	Block	NSE	Sell	1,96,69,805	₹407.10	₹800.76 Cr
18 Nov 2025	GQG PARTNERS EMERGING MARKETS EQUITY CIT	Block	NSE	Buy	1,96,69,805	₹407.10	₹800.76 Cr
18 Nov 2025	RELIANCE TRUST INSTITUTIONAL RETIREMENT TRUST SERIES TEN	Block	NSE	Sell	57,26,113	₹407.10	₹233.11 Cr
18 Nov 2025	GQG PARTNERS GLOBAL EQUITY CIT	Block	NSE	Buy	57,26,113	₹407.10	₹233.11 Cr
18 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	6,45,111	₹409.30	₹26.40 Cr
18 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	6,45,111	₹409.30	₹26.40 Cr
16 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	5,90,933	₹412.65	₹24.38 Cr
16 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	5,90,933	₹412.65	₹24.38 Cr

1–10 of 264

1 / 27

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
26 Jun 2026, 2:24 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
12 Jun 2026, 4:23 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
27 May 2026, 4:22 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
22 May 2026, 5:47 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
21 May 2026, 3:47 pm	Company Update General	Media Statement And Investor Presentation	PDF
21 May 2026, 3:40 pm	Company Update General	Recommendation For Appointment Of Director	PDF
21 May 2026, 3:37 pm	Result Financial Results	Financial Results FY 2025-26	PDF
21 May 2026, 3:30 pm	Corp. Action Record Date	Record Date For Final Dividend - 27Th May, 2026	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	9,799	10,627	13,169	12,583	14,690	12,527	15,776	18,878	17,179	17,627	18,464
	-3,921	-3,251	-7,114	-5,546	-6,174	5,683	-2,238	-5,732	1,563	-396	-2,321
	-5,613	-7,301	-6,221	-6,869	-8,181	-18,634	-13,581	-13,006	-18,551	-17,037	-16,147
Net cash flow	266	75	-166	169	334	-424	-43	139	191	194	-4
Free cash flow	7,451	7,506	10,291	9,414	12,249	10,690	13,634	16,135	13,616	15,348	16,281
CFO / Operating profit %	70.3%	—	—	—	76.3%	73.7%	76.4%	73.6%	65.4%	67.9%	67.6%

Leverage
Current ratio	—	—	3.26	2.81	2.89	3	3.06	3.04

Return ratios
Return on assets %	21.3%	20.2%	18.1%	20.1%	22.7%	22.6%	39.8%	22.4%

ITC

ITC

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

3

39

Fund holders

Documents

Announcements

Events

Announcements

3

39

Announcements

Annual reports

Credit ratings

28

1

2

Segment results

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Agri Business · revenue

Working capital
Receivable days	18	18	17	14	14	19	21	16

ITC

ITC

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Futures3

Option chain39

Fund holders

Documents

Announcements

Events

Announcements

Futures3

Option chain39

Announcements

Ratio timeline

Quarterly record

Annual reports

Credit ratings

Dividends28

Board meetings1

Bonus issues2

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Agri Business · revenue

3

39

3

39

28

1

2