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Consumer Non-Durables

ITC Ltd.

  • 239.45 INR
  • +3.45
  • +1.46%
  • India
    Aug 23, 2019
  • Ticker
    BOM(500875)
  • Prev. close
    236.00
  • Market cap (INR)
    2,897.40B
  • Market cap (USD)
    40,431.26M
  • Shares
    12,277.14M

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 INRUSD
Revenue482,404.50M6,897.13M
Gross Profit223,732.90M3,198.80M
Operating income170,285.50M2,434.64M
Income before tax191,498.20M2,737.92M
Net income125,923.30M1,800.37M
EBITDA184,251.60M2,634.32M
Diluted EPS10.230.14
Dividends Per Share5.750.08
Total Assets717,984.10M10,364.25M
Total liabilities123,140.70M1,777.56M
Total equity591,406.40M8,537.08M
Operating cash flow136,826.50M1,956.26M
Currency in INRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 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 2015Mar 2016Mar 2017Mar 2018Mar 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
PER28.81
ROA18.50%
ROE22.55%
Operating margin35.29%
Profit margin26.10%

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

Related Companies

  • Arpita Agro Products Pvt Ltd. /Nimyle Brand/
  • ITC Ltd. Agri Business Division
  • Divya Management Ltd.
  • Gold Flake Corp. Ltd.
  • ITC Zenica Doo
  • 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.
  • Landbase India Ltd.
  • ITC Innotech Consulting AG
  • ITC (Holdings) Ltd.
  • ITC-Welcomgroup
  • Total Composites, Inc.
  • Fortune Hotels, Inc.
  • Russel Credit Ltd.
  • Russell Credit Ltd.
  • ITC Infotech India Ltd.
  • Madhya Pradesh Oil Federation /Soybean Processing Units/
  • Technico Pty Ltd
  • Bilt Industrial Packaging Co. Ltd. /Paper Board Business/
  • KMM, Inc.
  • ITC Classic Finance Ltd.
  • ITC Service Co., Inc.

Competitors

  • Agro Tech Foods Limited
Last Updated on 23 Aug, 2019

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