TickerSutra

NSE: ITC · BSE: 500875 · ISIN INE154A01025

ITC Limited stock analysis

ITC Limited ranks #748 in the TickerSutra evidence-ranked universe with a score of 61/100 and 88% data confidence. The latest captured fundamentals show ROCE of 38.9%, quarterly sales growth of -11.1% and quarterly profit growth of -22.0%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE61/100

Monitor only

#748 of 5,430 ranked equities
Market capitalisation₹3,29,971.99cr
ROCE38.9%
Quarterly sales growth-11.1%
Quarterly profit growth-22.0%
P/E ratio16.7×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • ROCE is 38.9%
  • Low debt/equity of 0.03×
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹60,645cr₹20,623cr₹15,503cr34.0%
2023₹70,919cr₹25,704cr₹19,477cr36.0%
2024₹67,932cr₹25,188cr₹20,751cr37.0%
2025₹75,323cr₹25,832cr₹35,052cr34.0%
2026₹78,868cr₹27,306cr₹21,018cr35.0%
TTM₹76,488cr₹25,682cr₹20,184cr34.0%
Debt / equity0.03×
CFO / EBITDA0.68×
Operating margin34.0%
Free cash flow₹16,332cr
Sales CAGR · 3Y3.6%
Profit CAGR · 3Y2.6%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

1 positive catalysts0 negative catalysts6 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Market share gainHigh severity · 5 mentions
Positive catalyst

Education and Stationery Products The Business delivered a resilient performance during the year in the backdrop of subdued realisation amidst deflationary conditions due to low-priced paper imports and opportunistic play by local/regional players. Performance in the second half of the year improved significantly driven by focused interventions and calibrated pricing actions, with the flagship brand ‘Classmate’ consolid

Backward integrationHigh severity · 6 mentions
Positive catalyst

This is expected to create significant value across the agri value chain for such produce. – Your Company continues to enhance its capabilities in the Medicinal and Aromatic Plant Extracts (MAPE) business through exports of plant extracts, backward integration and cultivation programmes. Key ayurvedic ingredients such as ashwagandha and turmeric were scaled up through farmer engagement, improving traceability and qual

Niche productsHigh severity · 5 mentions
Positive catalyst

Your Company’s institutional strengths – including strong backward linkages with the Agri Business, a deep and wide multi-channel distribution network, access to culinary expertise, industry-leading packaging know-how and access to robust R&D platforms nurtured by LSTC – will continue to serve as distinctive sources of competitive advantage and support sustained value creation over the long-term. Branded Packaged Foo

Export growthHigh severity · 2 mentions
Positive catalyst

Aashirvaad Atta exports further consolidated its leadership position across overseas markets. Leveraging the strong equity of its core Brands – ‘Aashirvaad’, ‘Sunfeast’, ‘Sunfeast YiPPee!’, ‘Bingo!’ and ‘Kitchens of India’, your Company is well placed to pursue growth in exports across focus markets and channels. nearly 30 million user journeys culminating to the brands’ owned websites which enabled decoding consumer

Export market updatesModerate severity · 11 mentions
Constructive

During the year, exports recorded rapid growth across multiple categories. Supported by a strong portfolio of winning products and a well-established distribution network, Aashirvaad Atta exports further consolidated its leadership position across overseas markets. The Business also continued to actively evaluate and scale export opportunities within its portfolio, including Biscuits, Noodles, Snacks, Frozen Breads a

Regulatory updatesModerate severity · 37 mentions
Constructive

– It may be noted that several major tobacco producing countries, including the USA, have established regulatory frameworks taking into consideration the economic interests of their tobacco farmers. The punitive and discriminatory taxation & regulatory regime on cigarettes in India over the years, has adversely affected the livelihood of Indian tobacco farmers with corresponding gains to those countries that have opt

Capacity expansion plansModerate severity · 2 mentions
Positive catalyst

Your Company has entered into a Business Transfer Agreement to acquire the Pulp and Paper Undertaking of Aditya Birla Real Estate Limited (Century Pulp and Paper). The proposed acquisition is expected to add significant scale and economies to existing operations with potential for further capacity expansion, provide locational advantage for efficient customer servicing and proximity to key raw material sources, mitigat

Regulatory approvalLow severity · 14 mentions
Watch

Directors are appointed / re-appointed with the approval of the Members for a period of three to five years or a shorter duration, in accordance with retirement guidelines and as may be determined by the Board from time to time. All Directors, other than Independent Directors, are liable to retire by rotation, unless otherwise approved by the Members. One-third of the Directors who are liable to retire by rotation, re

Demand slowdownLow severity · 2 mentions
Watch

FMCG – OTHERS Your Company’s FMCG – Others Segment delivered a strong performance during the year, with double-digit revenue growth driven by broad-based scale up across categories, notwithstanding heightened competitive intensity. While the year commenced on a subdued note, amidst weak demand conditions and elevated input costs following sharp price escalations in the previous year, the Businesses responded with agi

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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