Consumer Non-Durables
ITC Ltd.
- 239.45 INR
- +3.45
- +1.46%
India
Aug 23, 2019Ticker
BOM(500875)Prev. close
236.00Market cap (INR)
2,897.40BMarket cap (USD)
40,431.26MShares
12,277.14M
In the news
- Asian equities slump as yuan's tumble below 7 to dollar spooks investors Aug 5, 2019
- India's 'Uber for trucks' eyes million drivers as it nears unicorn status Jul 30, 2019
- Ad agencies on buying spree in Asia as digital shift picks up Nov 26, 2018
- ITC second-quarter profit beats estimates on cigarette sales Oct 26, 2018
- India shares recover as State Bank, Tata Motors advance May 22, 2018 See more articles on 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 2019 | INR | USD |
| Revenue | 482,404.50M | 6,897.13M |
| Gross Profit | 223,732.90M | 3,198.80M |
| Operating income | 170,285.50M | 2,434.64M |
| Income before tax | 191,498.20M | 2,737.92M |
| Net income | 125,923.30M | 1,800.37M |
| EBITDA | 184,251.60M | 2,634.32M |
| Diluted EPS | 10.23 | 0.14 |
| Dividends Per Share | 5.75 | 0.08 |
| Total Assets | 717,984.10M | 10,364.25M |
| Total liabilities | 123,140.70M | 1,777.56M |
| Total equity | 591,406.40M | 8,537.08M |
| Operating cash flow | 136,826.50M | 1,956.26M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
| Revenue | 384,333.10M | 391,169M | 426,357.10M | 433,547.10M | 482,404.50M |
| Gross Profit | 178,367.60M | 189,395.80M | 195,024.30M | 201,446.20M | 223,732.90M |
| Operating income | 127,553.50M | 134,326.80M | 141,758.20M | 151,863.60M | 170,285.50M |
| Income before tax | 143,620.50M | 148,506.50M | 160,263.20M | 174,091.10M | 191,498.20M |
| Net income | 96,631.70M | 93,444.50M | 102,894.40M | 112,712M | 125,923.30M |
| EBITDA | 137,833.10M | 145,852.80M | 153,286.10M | 164,226.40M | 184,251.60M |
| Diluted EPS | 8 | 7.70 | 8.44 | 9.20 | 10.23 |
| Dividends Per Share | 4.16 | 4.33 | 4.75 | 5.15 | 5.75 |
| Total Assets | 464,628.70M | 516,918.80M | 559,432.70M | 642,888.60M | 717,984.10M |
| Total liabilities | 145,022.70M | 87,514.60M | 92,209.50M | 114,059.80M | 123,140.70M |
| Total equity | 317,352.60M | 426,792.90M | 464,127M | 525,098.80M | 591,406.40M |
| Operating cash flow | 106,541.90M | 105,767.40M | 113,626.60M | 138,694.70M | 136,826.50M |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
| Revenue | 6,285.76M | 5,974.70M | 6,358.12M | 6,725.20M | 6,897.13M |
| Gross Profit | 2,917.19M | 2,892.82M | 2,908.33M | 3,124.84M | 3,198.80M |
| Operating income | 2,086.13M | 2,051.70M | 2,113.99M | 2,355.71M | 2,434.64M |
| Income before tax | 2,348.91M | 2,268.28M | 2,389.95M | 2,700.50M | 2,737.92M |
| Net income | 1,580.40M | 1,427.26M | 1,534.43M | 1,748.39M | 1,800.37M |
| EBITDA | 2,254.25M | 2,227.75M | 2,285.90M | 2,547.48M | 2,634.32M |
| Diluted EPS | 0.13 | 0.11 | 0.12 | 0.14 | 0.14 |
| Dividends Per Share | 0.06 | 0.06 | 0.07 | 0.07 | 0.08 |
| Total Assets | 7,424.40M | 7,805.78M | 8,615.27M | 9,856.97M | 10,364.25M |
| Total liabilities | 2,317.35M | 1,321.52M | 1,420.02M | 1,748.80M | 1,777.56M |
| Total equity | 5,071.04M | 6,444.83M | 7,147.56M | 8,050.98M | 8,537.08M |
| Operating cash flow | 1,742.49M | 1,615.48M | 1,694.47M | 2,151.43M | 1,956.26M |
Valuation Measures
| Mar 2019 | |
| PER | 28.81 |
| ROA | 18.50% |
| ROE | 22.55% |
| Operating margin | 35.29% |
| Profit margin | 26.10% |
Key executives
- Chairman & Managing Director: Sanjiv Puri
- Chief Operating Officer-PSPD: V. Kulkarni
- Chief Financial Officer & Executive Director: Rajiv Tandon
- 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. (1.8%)
- ICICI Prudential Asset Management Co. Ltd. (1.8%)
- General Insurance Corp. of India (Invt Port) (1.7%)
- GIC Pte Ltd. (Investment Management) (1.5%)
- The New India Assurance Co. Ltd. (Investment Portfolio) (1.5%)
- HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.5%)
- ICICI Prudential Life Insurance Co. Ltd. (Invt Port) (1.3%)
Contact Details
- Website:http://www.itcportal.com
- Address: Virginia House, 37 Jawaharlal Nehru Road, Kolkata, 700071, India
- Phone: +91.33.22889371
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Competitors
- Agro Tech Foods Limited
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Last Updated on 23 Aug, 2019