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Consumer Non-Durables

ITC Ltd.

Company Background

ITC makes cigarettes and other fast-moving consumer goods. It is also a hotel operator and is involved in other businesses. It is a principal associate of London-based British American Tobacco, which holds a 30% or so stake through three entities. Insurance companies, mutual funds and banks own another 35% of ITC, while the Indian government holds about 11%.

Y C Deveshwar, a Harvard Business School alum, joined the company in 1968 and has been the CEO and chairman since January 1996. He also sits on the Reserve Bank of India's Central Board and serves on national executive committees of some of the country's premier trade and industry bodies. In 2011, he was conferred the Padma Bhushan, one of India's highest civilian awards.

Founded in 1910 in Kolkata, ITC focused on the cigarette and leaf tobacco businesses for its first 60 years. It was originally known as the Imperial Tobacco Co. of India.

Business Summary

ITC Ltd. is a holding company, which engages in the manufacture and trade of consumer products. It operates through the following segments: Fast Moving Consumer Goods (FMCG) Cigarettes; FMCG Others; Hotels; Paperboards, Paper and Packaging, and Agri Business. The FMCG Cigarettes segment markets and sells tobacco and cigars. The FMCG Others segment distributes packaged foods, clothes, school and office supplies, safety matched, agarbattis, and personal care products. The Hotels segment manages and operates hotel and restaurant chains. The Paperboards, Paper and Packaging segment produces and supplies specialty boards, graphic boards, and printing papers. The Agri Business segment exports feed ingredients, food grains, processed fruits, coffee, and seafood. The company was founded on August 24, 1910 and is headquartered in Kolkata, India.

Financial Highlights

Mar 2020 INRUSD
Revenue492,733.10M6,949.10M
Gross Profit230,420.10M3,249.65M
Operating income175,739.50M2,478.48M
Income before tax200,263.50M2,824.35M
Net income153,062.30M2,158.66M
EBITDA192,128M2,709.61M
Diluted EPS12.450.17
Dividends Per Share10.150.14
Total Assets773,670.40M10,226.80M
Total liabilities117,163.10M1,548.72M
Total equity652,730.30M8,628.14M
Operating cash flow161,758.20M2,281.30M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 391,169M 426,357.10M 433,547.10M 482,404.50M 492,733.10M
Gross Profit 189,395.80M 195,024.30M 201,446.20M 223,732.90M 230,420.10M
Operating income 134,326.80M 141,758.20M 151,863.60M 170,285.50M 175,739.50M
Income before tax 148,506.50M 160,263.20M 174,015.30M 191,381.20M 200,263.50M
Net income 93,444.50M 102,894.40M 112,712M 125,923.30M 153,062.30M
EBITDA 145,852.80M 153,286.10M 164,226.40M 184,251.60M 192,128M
Diluted EPS 7.70 8.44 9.20 10.23 12.45
Dividends Per Share 4.33 4.75 5.15 5.75 10.15
Total Assets 516,918.80M 559,432.70M 642,888.60M 717,984.10M 773,670.40M
Total liabilities 87,514.60M 92,209.50M 114,059.80M 123,140.70M 117,163.10M
Total equity 426,792.90M 464,127M 525,098.80M 591,406.40M 652,730.30M
Operating cash flow 105,767.40M 113,626.60M 138,694.70M 136,826.50M 161,758.20M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 5,974.70M 6,358.12M 6,725.20M 6,897.13M 6,949.10M
Gross Profit 2,892.82M 2,908.33M 3,124.84M 3,198.80M 3,249.65M
Operating income 2,051.70M 2,113.99M 2,355.71M 2,434.64M 2,478.48M
Income before tax 2,268.28M 2,389.95M 2,699.33M 2,736.25M 2,824.35M
Net income 1,427.26M 1,534.43M 1,748.39M 1,800.37M 2,158.66M
EBITDA 2,227.75M 2,285.90M 2,547.48M 2,634.32M 2,709.61M
Diluted EPS 0.11 0.12 0.14 0.14 0.17
Dividends Per Share 0.06 0.07 0.07 0.08 0.14
Total Assets 7,805.78M 8,615.27M 9,856.97M 10,364.25M 10,226.80M
Total liabilities 1,321.52M 1,420.02M 1,748.80M 1,777.56M 1,548.72M
Total equity 6,444.83M 7,147.56M 8,050.98M 8,537.08M 8,628.14M
Operating cash flow 1,615.48M 1,694.47M 2,151.43M 1,956.26M 2,281.30M

Valuation Measures

Mar 2020
PER13.79
ROA20.52%
ROE24.60%
Operating margin35.66%
Profit margin31.06%

Key executives

  • Chairman & Managing Director: Sanjiv Puri
  • Chief Operating Officer-PSPD: V. Kulkarni
  • Chief Financial Officer: Supratim Dutta
  • Vice President-Finance, IT & Procurement: Jagdish Singh
  • Compliance Officer & Head-Investor Service Centre: Tunal Kumar Ghosal

Shareholders

  • British American Tobacco plc (29.4%)
  • Life Insurance Corp of India (16.2%)
  • The Specified Undertaking of the Unit Trust of India (7.9%)
  • SBI Funds Management Pvt Ltd. (2.1%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.9%)
  • ICICI Prudential Asset Management Co. Ltd. (1.9%)
  • General Insurance Corp. of India (Invt Port) (1.7%)
  • The New India Assurance Co. Ltd. (Investment Portfolio) (1.4%)
  • The Oriental Insurance Co. Ltd. (1.1%)
  • JPMorgan Asset Management (UK) Ltd. (1.0%)

Contact Details

  • Website:http://www.itcportal.com
  • Address: Virginia House, 37 Jawaharlal Nehru Road, Kolkata, 700071, India
  • Phone: +91.33.22889371

Related Companies

  • ITC Platinum Jubilee Pension Fund
  • ITC Management Staff Gratuity Fund
  • North East Nutrients Pvt Ltd.
  • Prag Agro Farm Ltd.
  • IATC Provident Fund
  • Arpita Agro Products Pvt Ltd. /Nimyle Brand/
  • Pavan Poplar Ltd.
  • ITC Ltd. Agri Business Division
  • Divya Management Ltd.
  • ITC Investments & Holdings Ltd.
  • Gold Flake Corp. Ltd.
  • ITC doo
  • WelcomHotels Lanka Pvt Ltd.
  • Park Hyatt Goa Resorts & Spa
  • ITC Ltd. - Paperboards & Specialty Papers Division
  • Wimco Ltd. /Non Engineering Business/
  • Tribeni Tissues Ltd.
  • ITC Foods Ltd.
  • Wills Lifestyle
  • Bay Islands Hotels Ltd.
  • Itc Holding Gmbh
  • Fortune Park Hotels Ltd.
  • Srinivasa Resorts Ltd.
  • Landbase India Ltd.
  • Sunrise Foods Pvt Ltd.
  • ITC Innotech Consulting AG
  • ITC (Holdings) Ltd.
  • ITC-Welcomgroup
  • Total Composites, Inc.
  • Fortune Hotels, Inc.

Competitors

  • Agro Tech Foods Limited
Last Updated on 23 Nov, 2020

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