ITC Ltd (NSE: ITC): The sale of ITC stake, a company that operates in all sectors from hotels to cigarettes in the country, is expected to be big news.
BAT, ITC’s largest shareholder, is considering selling a stake. This information was released by the company along with its results of the December quarter.
BAT stated that it was actively working to complete the regulatory process to monetize a portion of the shares.
The latest information will be released as soon as it is possible. The company also stated that it holds a substantial shareholding in ITC.
The company also stated that they are considering all possible options to improve the flexibility of their balance sheet.
The company reviews its stake in ITC periodically. BAT has been a shareholder in this company since early 1900. The share capital has changed several times. The regulatory restrictions have caused this change.
BAT currently holds 29.03 percent of ITC; The price is approximately Rs 1.5 lakh crore.
BAT said in an analyst call held in December that it was considering options to reduce its ITC share. The stock price fell to 4.02% and the price was at Rs 414.45. This share price may rise at Rs 478.
About ITC Ltd Company
ITC Limited operates as an Indian-based holding company. Its divisions include fast-moving consumer goods (FMCG) Hotels, Paperboards, Paper and Packaging, and Agri businesses.
The FMCG segment includes cigarettes, cigars, and other like stationery and education merchandise, health and personal care items,
including Agarbattis and safety matches, and packaged food businesses with branded packaging that includes staples, snacks, meals dairy and drinks biscuits and cakes, chocolates, coffee, and confectionery.
The agri-business segment comprises Agri products like rice, wheat spices, soya, coffee, and leaf tobacco.
The Hotel segment comprises more than 120 properties operating under six distinct companies:
ITC Hotels in the high-end segment Mementos for the premium lifestyle sector, Welcomhotel and Storii in the premium segment, Fortune in the mid-market to high-end segment, and WelcomHeritage in the heritage and leisure segment.
Fundamental Analysis of ITC Ltd
| Market Cap | ₹ 5,17,322 Cr. |
| Current Price | ₹ 414.45 |
| 52-wk High | ₹ 499.70 |
| 52-wk Low | ₹ 369.65 |
| Stock P/E | 25.02 |
| Book Value | ₹ 55.4 |
| Dividend | 3.03 % |
| ROCE | 39.0 % |
| ROE | 29.1 % |
| Face Value | ₹ 1.00 |
| P/B Value | 7.51 |
| OPM | 37.2 % |
| EPS | ₹ 16.5 |
| Debt | ₹ 284 Cr. |
| Debt to Equity | 0.00 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 480 | ₹ 515 |
| 2025 | ₹ 525 | ₹ 558 |
| 2026 | ₹ 600 | ₹ 612 |
| 2027 | ₹ 625 | ₹ 648 |
| 2028 | ₹ 680 | ₹ 720 |
| 2029 | ₹ 728 | ₹ 750 |
| 2030 | ₹ 755 | ₹ 790 |
| FII Holding | |
| Dec 2022 | 42.99% |
| Mar 2023 | 43.35% |
| June 2023 | 43.62% |
| Sept 2023 | 43.34% |
| Dec 2023 | 43.26% |
| DII Holding | |
| Dec 2022 | 42.19% |
| Mar 2023 | 42.08% |
| June 2023 | 41.92% |
| Sept 2023 | 41.94% |
| Dec 2023 | 41.98% |
| Govt. Holding | |
| Dec 2022 | 0.04% |
| Mar 2023 | 0.04% |
| June 2023 | 0.04% |
| Sept 2023 | 0.04% |
| Dec 2023 | 0.04% |
| Public Holding | |
| Dec 2022 | 14.78% |
| Mar 2023 | 14.52% |
| June 2023 | 14.41% |
| Sept 2023 | 14.68% |
| Dec 2023 | 14.71% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 48,340 Cr |
| 2020 | ₹ 49,388 Cr |
| 2021 | ₹ 49,257 Cr |
| 2022 | ₹ 60,645 Cr |
| 2023 | ₹ 70,593 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 12,836 Cr |
| 2020 | ₹ 15,593 Cr |
| 2021 | ₹ 13,383Cr |
| 2022 | ₹ 15,503 Cr |
| 2023 | ₹ 20,803 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0 |
| 2020 | 0 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | 10% |
| 5 Years: | 12% |
| 3 Years: | 7% |
| Current Year: | 12% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 25% |
| 5 Years: | 25% |
| 3 Years: | 25% |
| Last Year: | 29% |
Sales Growth Over 10 Years:
| 10 Years: | 8% |
| 5 Years: | 10% |
| 3 Years: | 13% |
| Current Year: | 1% |
Conclusion
This article is a complete guide about ITC Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
