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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. operates as a holding company, which engages in the manufacturing and trading 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 2022 INRUSD
Revenue603,922.20M8,105.29M
Gross Profit244,252.90M3,278.13M
Operating income186,272.30M2,499.97M
Income before tax207,229.90M2,781.25M
Net income152,426.60M2,045.73M
EBITDA203,472.80M2,730.82M
Diluted EPS12.370.16
Dividends Per Share11.500.15
Total Assets772,595.50M10,195.91M
Total liabilities144,376.80M1,905.33M
Total equity624,553.40M8,242.20M
Operating cash flow167,865.80M2,252.94M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 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 2018Mar 2019Mar 2020Mar 2021Mar 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
PER20.26
ROA20.17%
ROE24.82%
Operating margin30.84%
Profit margin25.23%

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 (29.2%)
  • 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. (3.1%)
  • Capital Research & Management Co. (Global Investors) (1.8%)
  • General Insurance Corp. of India (Invt Port) (1.7%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.5%)
  • GQG Partners LLC (1.5%)
  • The New India Assurance Co. Ltd. (Investment Portfolio) (1.4%)
  • The Oriental Insurance 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.
  • 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 4 Oct, 2022

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