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ITC INR

At a glance: strengths & risks
Low leverage (0.1x EBITDA)Cheaper than own history (EV/EBITDA 12.3 vs avg 18.5)Profit falling (-40%)

Sector: Consumer staples

IN_ITC

Price chart

266.6 INRDay 0.23%

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
266.6 INR · 0.23%
Market cap
3340.4 bn INR

Growth

Δ revenue y/y
-11.1%
Δ EBITDA y/y
-24.0%

Multiples

P/E (LTM)
16.1x
3y avg: 20.0x
P/B (FY)
4.6x
P/E (ann.)
19.0x
EV/EBITDA (LTM)
12.3x
3y avg: 18.5x
EV/EBITDA (ann.)
16.2x

Cash return

Dividend yield
5.5%
FCF yield (LTM)
4.9%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (listing)
420.2 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 INR, 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 INROperating profitB INRD&AB INREBITDAB INRNet profitB INROperating CFB INRCapex + M&AB INRAssetsB INREquityB INRROE (annualized)Net debtB INRSource
2026-06-30Q2 2026 (3M)PARTIAL190.0
y/y -11.1%
47.5
y/y -25.7%
4.3
y/y 1.1%
51.8
y/y -24.0%
43.9
y/y -16.2%
y/y
728.7
y/y 3.5%
24.2%≈ 15.4
2026-03-31FY 2026 (12M)OK
y/y 4.8%
y/y 5.8%
y/y -12.3%
y/y 4.4%
y/y -40.5%
937.9
y/y 6.5%
725.1
y/y 3.5%
28.7%15.4
2025-12-31Q4 2025 (3M)PARTIAL199.2
y/y 6.0%
64.5
y/y 8.5%
4.3
y/y
68.8
y/y 15.8%
49.3
y/y -0.1%
y/y
715.9
y/y -5.5%
9.2%≈ -5.3
2025-09-30Q3 2025 (3M)OK195.0
y/y -6.0%
62.6
y/y 0.3%
6.9
y/y
69.5
y/y 11.3%
51.3
y/y 2.7%
908.0
y/y -3.5%
715.9
y/y -5.5%
28.9%≈ -5.3Link
2025-06-30Q2 2025 (3M)PARTIAL213.7
y/y 15.8%
63.9
y/y 2.3%
4.2
y/y
68.2
y/y 9.1%
52.4
y/y 3.0%
y/y
704.0
y/y -6.0%
29.9%≈ -5.3
2025-03-31FY 2025 (12M)OK
y/y 10.8%
y/y 2.2%
y/y 7.4%
y/y 2.6%
y/y 69.8%
880.9
y/y -4.1%
700.3
y/y -6.0%
47.7%-5.3
2024-12-31Q4 2024 (3M)PARTIAL187.9
y/y 4.3%
59.5
y/y -1.6%
y/y
59.5
y/y -1.6%
49.3
y/y -7.5%
y/y
757.9
y/y 8.8%
8.7%≈ -57.3Link
2024-09-30Q3 2024 (3M)OK207.4
y/y 16.7%
62.4
y/y 4.0%
y/y
62.4
y/y 4.0%
49.9
y/y 1.9%
940.7
y/y 8.0%
757.9
y/y 8.8%
26.5%-57.3Link
2024-06-30Q2 2024 (3M)PARTIAL184.6
y/y
62.5
y/y
y/y
62.5
y/y
50.9
y/y
y/y
748.9
y/y
27.3%≈ -6.1Link
2024-03-31FY 2024 (12M)OK
y/y -4.1%
y/y -1.0%
y/y 0.4%
y/y -0.9%
y/y 6.6%
918.3
y/y 6.9%
745.1
y/y 7.7%
28.4%-6.1
2023-12-31Q4 2023 (3M)PARTIAL180.2
y/y
60.4
y/y
y/y
60.4
y/y
53.4
y/y
y/y
696.3
y/y
10.2%≈ -53.6Link
2023-09-30Q3 2023 (3M)OK177.7
y/y
60.0
y/y
y/y
60.0
y/y
49.0
y/y
871.4
y/y
696.3
y/y
28.2%-53.6Link
2023-03-31FY 2023 (12M)OK702.5
y/y
239.0
y/y
18.1
y/y
257.1
y/y
191.9
y/y
188.8-27.4858.8
y/y
691.6
y/y
-4.2

Revenue & EBITDA

RevenueEBITDA

Quarterly values (INR mln)

050 000100 000150 000200 0002023 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 assets0.4%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: -30.0%

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)
= (51 809 − 68 165) × 5.01
-81 874
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (3 340 445 + 15 431) ÷ 259 340
12.9x
3. Target multiple
(Current EV/EBITDA + 11) ÷ 2
= (12.9 + 11) ÷ 2
12.0x
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
= (-81 874 × 12.0 + -20 715) ÷ 3 340 445
-30.0%

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

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-278 INREx-dividend: 8 INR per sharePaidYahoo Finance (ex-div)
2026-02-046.5 INREx-dividend: 6.5 INR per sharePaidYahoo Finance (ex-div)
2025-05-287.85 INREx-dividend: 7.85 INR per sharePaidYahoo Finance (ex-div)
2025-02-126.5 INREx-dividend: 6.5 INR per sharePaidYahoo Finance (ex-div)
2024-06-047.5 INREx-dividend: 7.5 INR per sharePaidYahoo Finance (ex-div)
2024-02-086.25 INREx-dividend: 6.25 INR per sharePaidYahoo Finance (ex-div)
2023-05-309.5 INREx-dividend: 9.5 INR per sharePaidYahoo Finance (ex-div)
2023-02-156 INREx-dividend: 6 INR per sharePaidYahoo Finance (ex-div)
2022-05-266.25 INREx-dividend: 6.25 INR per sharePaidYahoo Finance (ex-div)
2022-02-145.25 INREx-dividend: 5.25 INR per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily 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 16.1x (price to trailing 12-month earnings).
What is ITC's EV/EBITDA?
ITC trades at 12.3x EV/EBITDA.
What is ITC's P/B ratio?
ITC trades at a P/B of 4.6x.
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 24.2%.
What is ITC's market capitalization?
ITC's market cap is 3340.4 bn INR.

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