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ITC - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.3

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 4.3

Stock Code ITC Market Cap 3,80,826 Cr. Current Price 304 ₹ High / Low 444 ₹
Stock P/E 18.9 Book Value 54.7 ₹ Dividend Yield 4.72 % ROCE 36.9 %
ROE 27.9 % Face Value 1.00 ₹ DMA 50 327 ₹ DMA 200 375 ₹
Chg in FII Hold -1.28 % Chg in DII Hold 1.49 % PAT Qtr 5,297 Cr. PAT Prev Qtr 5,113 Cr.
RSI 37.1 MACD -6.07 Volume 1,76,61,905 Avg Vol 1Wk 2,69,06,025
Low price 300 ₹ High price 444 ₹ PEG Ratio 2.05 Debt to equity 0.00
52w Index 2.74 % Qtr Profit Var 5.59 % EPS 27.8 ₹ Industry PE 42.7

📊 Financial Overview

  • Revenue & Profitability: PAT rose from ₹5,113 Cr. to ₹5,297 Cr. (QoQ), showing steady earnings growth.
  • Margins: ROE at 27.9% and ROCE at 36.9% are excellent, reflecting strong profitability and capital efficiency.
  • Debt: Debt-to-equity ratio of 0.00 indicates a debt-free balance sheet, a major strength.
  • Cash Flow: EPS of ₹27.8 is strong, supporting consistent shareholder returns.

💹 Valuation Metrics

  • P/E Ratio: 18.9 vs Industry PE of 42.7 → undervalued compared to peers.
  • P/B Ratio: Price ₹304 vs Book Value ₹54.7 → trading at a premium, reflecting investor confidence.
  • PEG Ratio: 2.05 → suggests valuation is slightly expensive relative to growth.
  • Intrinsic Value: Strong fundamentals and undervalued P/E make ITC attractive for long-term investors.

🏢 Business Model & Competitive Advantage

  • ITC operates across FMCG, hotels, paperboards, packaging, and agri-business.
  • Competitive advantage lies in diversified revenue streams, strong brand equity, and debt-free operations.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: ₹300–320 range looks attractive given undervaluation and technical support levels.
  • Long-Term Holding: Strong candidate for long-term portfolios due to robust ROE/ROCE, dividend yield, and diversified business model.

✅ Positive

  • Debt-free balance sheet.
  • Excellent ROE (27.9%) and ROCE (36.9%).
  • Dividend yield of 4.72% provides strong income support.
  • Undervalued compared to industry PE.

⚠️ Limitation

  • PEG ratio (2.05) suggests valuation is expensive relative to growth.
  • Stock trading below DMA 50 & DMA 200, indicating bearish technical trend.
  • FII holdings decreased (-1.28%).

📉 Company Negative News

  • FII outflows (-1.28%) show reduced foreign investor confidence.
  • Stock price corrected from high of ₹444 to current ₹304.

📈 Company Positive News

  • Quarterly PAT growth of 5.59% shows steady momentum.
  • DII holdings increased (+1.49%), reflecting domestic institutional support.
  • Strong dividend yield continues to attract income-focused investors.

🏦 Industry

  • Industry PE at 42.7 highlights sector trades at higher multiples than ITC.
  • FMCG sector growth supported by rising consumer demand and brand strength.

🔎 Conclusion

  • ITC is fundamentally strong with excellent ROE/ROCE, debt-free status, and attractive dividend yield.
  • Entry around ₹300–320 is favorable for long-term investors.
  • Strong long-term holding potential given diversified business model and undervaluation relative to peers.

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