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 ₹84,142 Cr in FY2025, ITC Ltd.'s FY2026 revenue of ₹92,339 Cr marks a 9.7% improvement.
Looking at the longer trend, ITC Ltd.'s revenue grew from ₹39,427 Cr to ₹92,339 Cr at a 8.9% CAGR — moderate, consistent growth.
A ₹92,339 Cr revenue base makes ITC Ltd. a major name in the Indian cigarettes sector.
With 8 straight years of revenue growth, this isn't a blip — the trajectory is clear for ITC Ltd..
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹92,339 Cr | +9.7% |
| FY2025 | ₹84,142 Cr | +5.7% |
| FY2024 | ₹79,568 Cr | +1.4% |
| FY2023 | ₹78,499 Cr | +17.1% |
| FY2022 | ₹67,041 Cr | — |
View ITC Ltd.'s full 10-year revenue trend with CAGR analysis →
ITC Ltd. Profitability
On the earnings front, ITC Ltd. posted ₹21,018 Cr for FY2026 — a 40.0% drop from ₹35,052 Cr in FY2025.
On the margin front, the picture weakened — net margin fell to 22.8% from 41.7%.
On an EPS basis, the company earned ₹16.51 (diluted) in FY2026 versus ₹27.75 in FY2025.
Is ITC Ltd. Undervalued
ITC Ltd. shares are currently trading at ₹281.30.
Craytheon calculates intrinsic value using the P/E Ratio, DCF, and EPS Growth models. All three appear in the Valuation Models cards below.
Valuation Models
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 23 Jul 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2026, the total asset base came in at ₹937.92B, up 6.5% YoY from ₹880.91B.
Cash & ST Investments accounts for 22.8% of the total, ahead of Property, Plant & Equipment (20.2%) and Inventories (19.9%).
Capital structure: 77.7% equity, 2.6% debt, 19.7% operating liabilities. Over the year, debt is up 743.1% and equity is up 3.5%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 213.94B |
| Receivables | 39.23B |
| Inventories | 186.23B |
| Property, Plant & Equipment | 189.71B |
| Investments | 173.78B |
| Intangibles & Goodwill | 41.67B |
| Other Assets | 93.37B |
| Category | Value |
|---|---|
| Equity | 728.73B |
| Short-term Debt | 21.98B |
| Long-term Debt | 2.01B |
| Trade Payables | 56.40B |
| Other Liabilities | 128.81B |
ITC Ltd. Stock Analysis
In summary, ITC Ltd. (ITC) presents the following picture for fundamental analysts.
Revenue of ₹92,339 Cr in FY2026, up 9.7% year-over-year.
Long-term revenue has been compounding at 8.9% annually over 10 years.
The company is profitable, with a net margin of 22.8% and net income of ₹21,018 Cr.
Unlock Full Analysis
Want to dig deeper? Craytheon's platform provides 10 years of financial data, three valuation models, and insider trading activity for ITC Ltd..