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
Financial Highlights
Mar 2022 | INR | USD |
Revenue | 603,922.20M | 8,105.29M |
Gross Profit | 244,252.90M | 3,278.13M |
Operating income | 186,272.30M | 2,499.97M |
Income before tax | 207,229.90M | 2,781.25M |
Net income | 152,426.60M | 2,045.73M |
EBITDA | 203,472.80M | 2,730.82M |
Diluted EPS | 12.37 | 0.16 |
Dividends Per Share | 11.50 | 0.15 |
Total Assets | 772,595.50M | 10,195.91M |
Total liabilities | 144,376.80M | 1,905.33M |
Total equity | 624,553.40M | 8,242.20M |
Operating cash flow | 167,865.80M | 2,252.94M |
Currency in INR | Currency in USD |
Historical Data
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
Revenue | 433,547.10M | 482,404.50M | 492,733.10M | 492,208.40M | 603,922.20M |
Gross Profit | 201,446.20M | 223,732.90M | 230,420.10M | 205,309.80M | 244,252.90M |
Operating income | 151,863.60M | 170,285.50M | 175,739.50M | 153,863.70M | 186,272.30M |
Income before tax | 174,015.30M | 191,381.20M | 200,263.50M | 179,450.90M | 207,229.90M |
Net income | 112,712M | 125,923.30M | 153,062.30M | 131,611.90M | 152,426.60M |
EBITDA | 164,226.40M | 184,251.60M | 192,128M | 170,197.60M | 203,472.80M |
Diluted EPS | 9.20 | 10.23 | 12.45 | 10.69 | 12.37 |
Dividends Per Share | 5.15 | 5.75 | 10.15 | 10.75 | 11.50 |
Total Assets | 642,888.60M | 717,984.10M | 773,670.40M | 738,193M | 772,595.50M |
Total liabilities | 114,059.80M | 123,140.70M | 117,163.10M | 131,251.50M | 144,376.80M |
Total equity | 525,098.80M | 591,406.40M | 652,730.30M | 603,471.10M | 624,553.40M |
Operating cash flow | 138,694.70M | 136,826.50M | 161,758.20M | 137,680.30M | 167,865.80M |
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
Revenue | 6,725.20M | 6,897.13M | 6,949.10M | 6,630.40M | 8,105.29M |
Gross Profit | 3,124.84M | 3,198.80M | 3,249.65M | 2,765.67M | 3,278.13M |
Operating income | 2,355.71M | 2,434.64M | 2,478.48M | 2,072.65M | 2,499.97M |
Income before tax | 2,699.33M | 2,736.25M | 2,824.35M | 2,417.33M | 2,781.25M |
Net income | 1,748.39M | 1,800.37M | 2,158.66M | 1,772.90M | 2,045.73M |
EBITDA | 2,547.48M | 2,634.32M | 2,709.61M | 2,292.68M | 2,730.82M |
Diluted EPS | 0.14 | 0.14 | 0.17 | 0.14 | 0.16 |
Dividends Per Share | 0.07 | 0.08 | 0.14 | 0.14 | 0.15 |
Total Assets | 9,856.97M | 10,364.25M | 10,226.80M | 10,096.50M | 10,195.91M |
Total liabilities | 1,748.80M | 1,777.56M | 1,548.72M | 1,795.16M | 1,905.33M |
Total equity | 8,050.98M | 8,537.08M | 8,628.14M | 8,253.86M | 8,242.20M |
Operating cash flow | 2,151.43M | 1,956.26M | 2,281.30M | 1,854.65M | 2,252.94M |
Valuation Measures
Mar 2022 | |
PER | 20.26 |
ROA | 20.17% |
ROE | 24.82% |
Operating margin | 30.84% |
Profit margin | 25.23% |
Key executives
- Chairman & Managing Director: Sanjiv Puri
- Chief Financial Officer & Director: Supratim Dutta
- Chief Scientist, Head-Research & Development: Soumitra Mukherjee
- Compliance Officer & Head-Investor Service Centre: Tunal Kumar Ghosal
- Secretary & Executive Vice President: Rajendra Kumar Singhi
Shareholders
- British American Tobacco plc (29.1%)
- Life Insurance Corporation of India (Investment Portfolio) (15.6%)
- The Specified Undertaking of the Unit Trust of India (7.8%)
- SBI Funds Management Pvt Ltd. (3.2%)
- GQG Partners LLC (1.9%)
- General Insurance Corp. of India (Invt Port) (1.7%)
- Capital Research & Management Co. (Global Investors) (1.6%)
- The New India Assurance Co. Ltd. (Investment Portfolio) (1.4%)
- HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.1%)
- ICICI Prudential Asset Management Co. Ltd. (1.1%)
Contact Details
- Website:http://www.itcportal.com
- Address: Virginia House, 37 Jawaharlal Nehru Road, Kolkata, 700071, India
- Phone: +91.33.22889371
Related Companies
- ITC Indivision Ltd.
- 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.
- WelcomHotels Lanka Pvt Ltd.
- 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.
- Russel Credit Ltd.
Competitors
- Agro Tech Foods Limited
Copyright © 2023 FactSet Research Systems Inc. All rights reserved.
Last Updated on 24 Mar, 2023Discover the all new Nikkei Asia app

- Take your reading anywhere with offline reading functions
- Never miss a story with breaking news alerts
- Customize your reading experience
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.