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ITC USD

At a glance: strengths & risks
✓Low leverage (0.1x EBITDA)✗Revenue declining (-11% y/y, Q1 2026)✗Profit falling (-16% y/y, Q1 2026)✗Margins compressing (35%→33%, Q1 2026)

Sector: Consumer staples

IN_ITC

Price chart

266.3 INRDay -0.21%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
266.3 INR · -0.21%
Market cap
35.1 bn USD

Growth

Δ revenue y/y
-17.4%
Δ EBITDA y/y
-29.4%

Multiples

P/E (LTM)
15.5x
3y avg: 18.3x
P/B (FY)
4.5x
P/E (ann.)
18.5x
EV/EBITDA (LTM)
16.9x
3y avg: 17.3x
EV/EBITDA (ann.)
22.6x

Cash return

Dividend yield
5.5%
FCF yield (LTM)
-56.4%

Value creation

fundamental value/yr, % of market cap
Value created / year
-107.6%
↓ details

Liquidity

Daily turnover (listing)
765 mln INR

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-06-30Q2 2026 (3M)PARTIAL2.0
y/y -17.4%
0.5
y/y -30.9%
0.0
y/y -6.1%
0.6
y/y -29.4%
0.5
y/y -22.2%
———
y/y —
7.7
y/y -6.2%
24.6%≈ 15.4—
2026-03-31FY 2026 (12M)OK—
y/y -1.2%
—
y/y -0.2%
—
y/y -17.3%
—
y/y -1.5%
—
y/y -43.8%
——10.0
y/y -3.0%
7.7
y/y -5.7%
28.9%15.4—
2025-12-31Q4 2025 (3M)PARTIAL2.3
y/y 1.4%
0.7
y/y 3.8%
0.0
y/y —
0.8
y/y 10.8%
0.6
y/y -4.4%
———
y/y —
8.0
y/y -10.0%
9.3%≈ -5.3—
2025-09-30Q3 2025 (3M)OK2.3
y/y -9.2%
0.7
y/y -3.2%
0.1
y/y —
0.8
y/y 7.4%
0.6
y/y -0.9%
——10.2
y/y -8.9%
8.1
y/y -10.9%
29.1%≈ -5.3Link
2025-06-30Q2 2025 (3M)PARTIAL2.5
y/y 11.9%
0.7
y/y -1.1%
0.0
y/y —
0.8
y/y 5.4%
0.6
y/y -0.5%
———
y/y —
8.2
y/y -8.7%
29.7%≈ -5.3—
2025-03-31FY 2025 (12M)OK—
y/y 6.7%
—
y/y -1.5%
—
y/y 3.5%
—
y/y -1.2%
—
y/y 63.6%
——10.3
y/y -6.4%
8.2
y/y -8.3%
47.3%-5.3—
2024-12-31Q4 2024 (3M)PARTIAL2.2
y/y 2.7%
0.7
y/y -3.1%
—
y/y —
0.7
y/y -3.1%
0.6
y/y -8.9%
———
y/y —
8.9
y/y 5.8%
8.7%≈ -57.3Link
2024-09-30Q3 2024 (3M)OK2.5
y/y 15.1%
0.7
y/y 2.6%
—
y/y —
0.7
y/y 2.6%
0.6
y/y 0.6%
——11.2
y/y 7.0%
9.0
y/y 7.9%
26.5%-57.3Link
2024-06-30Q2 2024 (3M)PARTIAL2.2
y/y —
0.8
y/y —
—
y/y —
0.8
y/y —
0.6
y/y —
———
y/y —
9.0
y/y —
27.3%≈ -6.1Link
2024-03-31FY 2024 (12M)OK—
y/y -4.8%
—
y/y -1.8%
—
y/y -0.4%
—
y/y -1.7%
—
y/y 5.7%
——11.0
y/y 5.4%
8.9
y/y 6.2%
28.5%-6.1—
2023-12-31Q4 2023 (3M)PARTIAL2.2
y/y —
0.7
y/y —
—
y/y —
0.7
y/y —
0.6
y/y —
———
y/y —
8.4
y/y —
10.2%≈ -53.6Link
2023-09-30Q3 2023 (3M)OK2.2
y/y —
0.7
y/y —
—
y/y —
0.7
y/y —
0.6
y/y —
——10.5
y/y —
8.4
y/y —
28.3%-53.6Link
2023-03-31FY 2023 (12M)OK8.5
y/y —
2.9
y/y —
0.2
y/y —
3.1
y/y —
2.3
y/y —
2.3-27.410.4
y/y —
8.4
y/y —
—-4.2—

Revenue & EBITDA

RevenueEBITDA

Quarterly values (INR mln)

05001 0001 5002 0002 5002023 q42024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-40%-20%0%20%2023 q42024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Net debt / cash (INR mln)

-60 000-40 000-20 000020 0002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q4

Profit and cash

Profit is broadly cash-backed
In a typical year of 2022–2026 operating cash flow came to 0.89x of reported net profit; after capex, 0.79x.
year20222023202420252026
cash flow / profit1.03x0.98x0.84x0.51x0.89x
accruals, % of assets—0.4%3.6%19.4%2.4%
net debt / EBITDA 0.1x · capex 1.4x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -107.6%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (559 − 792) × 5.14
-1 195
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (35 134 + 15 431) ÷ 2 872
17.6x
3. Target multiple
(Current EV/EBITDA + 11) ÷ 2
= (17.6 + 11) ÷ 2
14.3x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -20 715 + 0 + 0 − 0
-20 715
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-1 195 × 14.3 + -20 715) ÷ 35 134
-107.6%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • FCF (LTM) approximated by latest FY (ended 2026-03-31, before the latest reported period 2026-06-30)
  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +5% vs +11% the year before — a -6.0 pp move. 3-year CAGR +4%.
revenue growth by year: 2024 -4% · 2025 +11% · 2026 +5%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of ITC — from primary filings.

Frequently asked questions

What is ITC's P/E ratio?
ITC trades at a P/E of 15.5x (price to trailing 12-month earnings).
What is ITC's EV/EBITDA?
ITC trades at 16.9x EV/EBITDA.
What is ITC's P/B ratio?
ITC trades at a P/B of 4.5x.
What is ITC's dividend yield?
ITC's trailing 12-month dividend yield is 5.5%.
What is ITC's return on equity (ROE)?
ITC's ROE is 24.6%.
What is ITC's market capitalization?
ITC's market cap is 35.1 bn USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map