Let's break down ITC Ltd. (ITC) — from its financial performance to how the market is valuing the stock.
ITC Ltd. Revenue Trend
Compared to ₹79,568 Cr in FY2024, ITC Ltd.'s FY2025 revenue of ₹84,142 Cr marks a 5.7% improvement.
Looking at the longer trend, ITC Ltd.'s revenue grew from ₹38,835 Cr to ₹84,142 Cr at a 8.0% CAGR — moderate, consistent growth.
A ₹84,142 Cr revenue base makes ITC Ltd. a major name in the Indian cigarettes sector.
With 7 straight years of revenue growth, this isn't a blip — the trajectory is clear for ITC Ltd..
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹84,142 Cr | +5.7% |
| FY2024 | ₹79,568 Cr | +1.4% |
| FY2023 | ₹78,499 Cr | +17.1% |
| FY2022 | ₹67,041 Cr | +26.1% |
| FY2021 | ₹53,155 Cr | — |
View ITC Ltd.'s full 10-year revenue trend with CAGR analysis →
ITC Ltd. Profitability
At ₹35,052 Cr, ITC Ltd.'s FY2025 net profit was 68.9% ahead of FY2024.
On the margin front, there's improvement — net margin went from 26.1% in FY2024 to 41.7% in FY2025.
On an EPS basis, the company earned ₹27.75 (diluted) in FY2025 versus ₹16.38 in FY2024.
Is ITC Ltd. Undervalued
The P/E Ratio valuation pegs ITC Ltd.'s fair value at ₹688, which is 148.5% upside from the current price.
ITC Ltd. shares are currently trading at ₹277.00.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹688 | 148.5% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for ITC Ltd. with detailed assumptions →
ITC Ltd. Shareholding Pattern
ITC Ltd. is a widely held company with no promoter group. Ownership is distributed across institutional and public shareholders.
Foreign institutions moved their stake down to 34.8% from 38.0% over the past year.
DII ownership is at 49.1%, up from the 46.9% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 0.0% | 34.8% | 49.1% | 16.0% |
| Dec 2025 | 0.0% | 36.1% | 48.9% | 15.0% |
| Sep 2025 | 0.0% | 37.4% | 47.4% | 15.2% |
| Jun 2025 | 0.0% | 38.0% | 46.9% | 15.1% |
Track quarterly shareholding changes for ITC Ltd. →
ITC Ltd. Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹880.91B, down 4.1% YoY from ₹918.26B.
Cash & ST Investments accounts for 23.0% of the total, ahead of Investments (21.3%) and Property, Plant & Equipment (21.0%).
Capital structure: 79.9% equity, 0.3% debt, 19.8% operating liabilities. Over the year, debt is down 6.2% and equity is down 6.0%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 203.00B |
| Receivables | 47.20B |
| Inventories | 156.38B |
| Property, Plant & Equipment | 185.16B |
| Investments | 187.55B |
| Intangibles & Goodwill | 36.25B |
| Other Assets | 65.37B |
| Category | Value |
|---|---|
| Equity | 703.98B |
| Short-term Debt | 1.47B |
| Long-term Debt | 1.37B |
| Trade Payables | 48.07B |
| Other Liabilities | 126.01B |
ITC Ltd. Stock Analysis
In summary, ITC Ltd. (ITC) presents the following picture for fundamental analysts.
Revenue of ₹84,142 Cr in FY2025, up 5.7% year-over-year.
Long-term revenue has been compounding at 8.0% annually over 10 years.
The company is profitable, with a net margin of 41.7% and net income of ₹35,052 Cr.
The P/E Ratio model implies 148.5% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
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