ITC Ltd
ITC Ltd (ITC)

ITC Ltd (ITC)

₹306.251.6%

Key Stats

₹305.3
Day's Price Range
₹313.45
₹204.35
52-Week Price Range
₹316.65
1 Month Return6.32 %
3 Month Return23.05 %
1 Year Return48.29 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 1
25.31
EPS
Rank 6
₹12.37
BVPS
Rank 7
₹49.03
Dividend Yield
Rank 1
4.92%
ROE
Rank 7
21.18%
Price To Book Ratio
Rank 1
6.38
Debt To Asset
Rank 8
0.18

Company Information

ITC Ltd is one of Indias foremost private sector companies. ITC has a diversified presence in Cigarettes Hotels Paperboards Specialty Papers Packaging AgriBusiness Packaged Foods Confectionery Information Technology Branded Apparel Personal Care Stationery Safety Matches and other FMCG products. While ITC is an outstanding market leader in its traditional businesses of Cigarettes Hotels Paperboards Packaging and AgriExports it is rapidly gaining market share even in its nascent businesses of Packaged Foods Confectionery Branded Apparel Personal Care and Stationery.ITCs wholly owned Information Technology subsidiary ITC Infotech India Ltd provides IT services and solutions to leading global customers. ITC Infotech has carved a niche for itself by addressing customer challenges through innovative IT solutions. ITCs production facilities and hotels have won numerous national and international awards for quality productivity safety and environment management systems. ITC was the first company in India to voluntarily seek a corporate governance rating.ITC was incorporated on August 24 1910 under the name Imperial Tobacco Company of India Ltd. As the companys ownership progressively Indianised the name of the company was changed from Imperial Tobacco Company of India Ltd to India Tobacco Company Ltd in the year 1970 and then to I.T.C. Ltd in the year 1974. In recognition of the companys multibusiness portfolio encompassing a wide range of businesses Cigarettes Tobacco Hotels Information Technology Packaging Paperboards Specialty Papers Agribusiness Foods Lifestyle Retailing Education Stationery and Personal Care the full stops in the companys name were removed effective September 18 2001. The company now stands rechristened ITC Ltd.During the year first six decades of the companys existence were primarily devoted to the growth and consolidation of the Cigarettes and Leaf Tobacco businesses the seventies witnessed the beginnings of a corporate transformation that would usher in momentous changes in the life of the company. In the year 1925 the company set up Packaging Printing business as a strategic backward integration for ITCs Cigarettes business. It is today Indias most sophisticated packaging house.In the year 1975 the company launched its Hotels business with the acquisition of a hotel in Chennai which was rechristened ITCWelcomgroup Hotel Chola. In the year 1979 they entered the Paperboards business by promoting ITC Bhadrachalam Paperboards Ltd which today has become the market leader in India. In the year 1985 the company set up Surya Tobacco Co. in Nepal as an IndoNepal and British joint venture. In the year 1990 the company acquired Tribeni Tissues Ltd a Specialty paper manufacturing company and a major supplier of tissue paper to the cigarette industry. The merged entity was named the Tribeni Tissues Division TTD. In the year 1990 the company set up the Agri Business Division for export of agricommodities. Today the Division is one of Indias largest exporters. In the year 2000 the company spun off its information technology business into a wholly owned subsidiary ITC Infotech India Ltd to more aggressively pursue emerging opportunities in this area. Also the company forayed into the Greeting Gifting and Stationery products business with the launch of Expressions range of greeting cards. A line of premium range of notebooks under brand Paperkraft was launched in 2002. To augment its offering and to reach a wider student population the popular range of notebooks was launched under brand Classmate in the year 2003.The company also entered the Lifestyle Retailing business with the Wills Sport range of international quality relaxed wear for men and women in the year 2000. The Wills Lifestyle chain of exclusive stores later expanded its range to include Wills Classic formal wear 2002 and Wills Clublife evening wear 2003. ITC also initiated a foray into the popular segment with its mens wear brand John Players in 2002. The company forayed into the Foods business to create a new driver of business growth. It began in August 2001 with the introduction of Kitchens of India readytoeat Indian gourmet dishes. In 2002 the company entered the confectionery and staples segments with the launch of the brands minto and Candyman confectionery and Aashirvaad atta wheat flour. Also the companys philosophy of contributing to enhancing the competitiveness of the entire value chain found yet another expression in the Safety Matches initiative. ITC now markets popular safety matches brands like iKno Mangaldeep Aim Aim Mega and Aim Metro. Bhadrachalam Paperboards Ltd amalgamated with the company effective March 13 2002 and became a division of the company Bhadrachalam Paperboards Division. In November 2002 this division merged with the companys Tribeni Tissues Division to form the Paperboards Specialty Papers division. In August 2002 Surya Tobacco became a subsidiary of ITC Ltd and its name was changed to Surya Nepal Pvt Ltd Surya Nepal.In the year 2003 the company entered the biscuits segment with the introduction of Sunfeast. Also the company forayed into the marketing of Agarbattis incense sticks in partnership with the cottage sector. The companys popular agarbattis brands include Spriha and Mangaldeep across a range of fragrances like Rose Jasmine Bouquet Sandalwood Madhur Sambrani and Nagchampa. In the year 2004 the company acquired the paperboard manufacturing facility of BILT Industrial Packaging Co Ltd BIPCO near Coimbatore Tamil Nadu. In July 2005 the company introduced Essenza Di Wills an exclusive range of fine fragrances and bath body care products for men and women. Inizio the signature range under Essenza Di Wills provides a comprehensive grooming regimen with distinct lines for men Inizio Homme and women Inizio Femme. In the year 2007 the company entered the fast growing branded snacks category with Bingo.The company launched Fiama Di Wills a premium range of Shampoos Shower Gels and Soaps in September October and December 2007 respectively. The company also launched the Superia range of Soaps and Shampoos in the massmarket segment at select markets in October 2007 and Vivel De Wills Vivel range of soaps in February and Vivel range of shampoos in June 2008. In the year 2008 the company repositioned the business as the Education and Stationery Products Business and launched Indias first environment friendly premium business paper under the Paperkraft Brand. Paperkraft entered new categories in the office consumable segment with the launch of Textliners Permanent Ink Markers and White Board Markers in 2009. During the year 200910 the company launched new variants of Gold Flake and Navy Cut Filter Kings with innovative product features limited edition packs of Classic and launch of new brands like Flake Excel Filter and Duke Filter. The company also launched its premium line of handrolled cigars in select markets under the brand name Armenteros. During the year the company launched minto GOL in the chews category. In the Agarbattis the company launched a new variant Fragrance of Temple in Tamil Nadu under the Mangaldeep brand which delivers temple aroma. In the personal care segment the company launched Fiama Di Wills Gel Bathing Bar. Also they strengthened the brand Vivel with the launch of the Milk Cream Glycerine bathing bar in the winter care segment and Deo Spirit in the freshness segment.In October 2009 the company launched the ITC Royal Gardenia a 292 room luxury offering in Bengaluru. It is the largest LEED Leadership in Energy and Environmental Design Platinum rated hotel in the world and the first in Asia to achieve this distinction.In the year 2011 ITC Limited proposed invest up to Rs 3000 crore to set up a paper manufacturing unit in Andhra Pradesh as part of its plans to double capacity over the next five years. ITC also entered into lifestyle retailing and the stationery segments through its premium brands Paperkraft notebooks and Wills Sport apparel range. Eventually the company launched massappeal brands like Classmate:notebooks and John Players:menswear. ITC opened first premium cigar retail store in Delhi. ITC Ltd also acquired the entire shareholding of Russell Credit Ltd. wholly owned subsidiary of the Company in Wimco Ltd. Wimco i.e. 96.825 of Wimcos equity share capital. Consequently Wimco became a direct subsidiary of the Company with effect from September 29 2011. In 2012 ITC Ltd acquired 22606065 Ordinary Shares having no par value of Technico Pty Ltd TPL a company incorporated in Australia from Russell Credit Ltd wholly owned subsidiary of the Company. Consequently TPL became a wholly owned Subsidiary of the Company with effect from March 26 2012. In 2013 ITC Ltd has launched a social investment project Mission Sunehrakal MSK in Mysore district to conserve soil and moisture. ITC also forayed into the biscuits market with its Sunfeast range of glucose marie and cream biscuits. ITC Infotech becomes the 1st PTC Authorized Training Partner in India. ITC Hotels tied up with RP Group Hotels Resorts to manage 5 hotels in India and Dubai. ITCs leading personal care brand announced the launch of its second edition of the signature series of the Couture Spa Range of Gel Bathing Bars. ITCs leading personal care brand also announced the launch of its unique Skin Nourishing Range of Soaps VivelIn 2014 ITC has been voted among the top two Buzziest Brands in the Corporate category by afaqs one of the worlds largest marketing and advertising portals. ITCs leading personal care brand and one of Indias most exciting brands introduced Love Nourish. ITC becomes fastest firm to clock Rs 1000 cr revenue in stationery market. ITCs Engage range takes second spot in deo market by volume. ITC also replaces TCS as Indias most admired company. ITC enters ecigarette business. ITC Hotels launches one of largest ever foreign investments in ColomboIn 2015 ITCs paper boards and specialty papers division introduced greaseresistant paper boards. ITC acquired 87.06 equity share capital of Classic Infrastructure Development Ltd. Russell Credit Ltd. a Wholly Owned subsidiary of the Company has acquired the entire equity share of Wills Corporation Ltd. Wills. ITC also Launches Vivel Ayurveda Essence in Kerala. On 13 February 2015 ITC announced that the company has entered into Asset Purchase Agreements with M/s. Johnson Johnson Ltd. India M/s. Johnson Johnson Pte. Ltd. Singapore for purchase of Savlon and Shower To Shower trademarks and other intellectual property respectively primarily for use in India. On 23 February 2015 ITC announced that the company has been declared as the highest/successful bidder for Park Hyatt Hotel located at 263C Arossim Cansaulim Goa along with land and built up area of the hotel together with all buildings and structures and plant machineries. This property of M/s. Blue Coast Hotels Ltd. was put up on sale by IFCI Ltd. through public auction under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002.On 24 March 2016 ITC announced that it has acquired the entire equity share capital of Technico Agri Sciences Limited India from Technico Pty Limited Australia for a total consideration of Rs 121 crore. The acquisition is a related party transaction between ITC and Technico Pty Limited a wholly owned subsidiary of ITC. Technico Agri Sciences Limited is in the agricultural biotechnology business primarily of growing and selling of Technituber seed potatoes and field generated seed potatoes. On 2 April 2016 ITC announced that the company has been compelled to shut its cigarette factories with effect from 1 April 2016 until clarity emerges in the uncertain state of the rules on health warning on cigarette packs. On 5 May 2016 ITC announced that the Supreme Court on 4 May 2016 passed an order transferring to the Karnataka High Court all writ petitions pending in various courts challenging the rules prescribing 85 pictorial warnings on packages of tobacco products. The Supreme Court observed that all parties should endeavour to follow the rules. On 8 May 2016 ITC announced that its cigarette factories are commencing production progressively.ITCs Board of Directors at its meeting held on 20 May 2016 recommended issue of bonus shares in the ratio of 1:2. On 9 October 2016 ITC announced divestment of its entire shareholding in its wholly owned subsidiary King Maker Marketing Inc. USA along with assignment of certain trademarks owned by the company for total consideration of US24 million.The company allotted 4026657100 Ordinary Shares of Re 1/ each fully paidup were issued and allotted as Bonus Shares in the proportion of 1 One Bonus Share of Re 1/ each for every existing 2 Two fully paidup Ordinary Shares of Re 1/ each held on 04 July 2016 being the Record Date determined by the Board for the purpose. The Bonus Shares were allotted on 07 July 2016.During the year the company divested the entire equity shareholding in King Maker Marketing Inc. KMM New Jersey USA. Consequently effective 16 November 2016 KMM ceased to be a subsidiary of the company.Pursuant to Pyxis Inc. merger with ITC Infotech USA Inc. with effect from 1st April 2016 Pyxis has ceased to be a subsidiary of ITC Infotech India Limited and that of ITC Limited with effect from that date. During the year ITC Infotech USA Inc. a whollyowned subsidiary of ITC Infotech India Limited subscribed to the entire share capital of Indivate Inc. a company incorporated in USA. Consequently Indivate Inc. became a whollyowned subsidiary of ITC Infotech Inc. USA with effect from 18 November 2016.As on 31 March 2017 the company has 24 subsidiaries including 9 subsidiaries outside India. ITC has won the prestigious Porter Prize 2017 for Excellence in Corporate Governance and Integration and for its exemplary contribution in Creating Shared Value. ITC Limited became the 1st company to win the India Today Safaigiri Corporate Trailblazor Award 2016. ITC Limited won two ASSOCHAM Waste Management Excellence Awards 2017 in the Best Corporate Initiative in Swachh Bharat Abhiyan and Best Outreach Strategy in Waste Management categories. ITC won the Intel AIM Corporate Responsibility Award 2016 accorded by the Asian Institute of ManagementRVR CSR Center and the Asia Inc Forum. ITC was adjudged the Best in Supply Chain Sustainability at the Asian Corporate Sustainability Summit 2016. ITCs Paperboards Unit in Bhadrachalam has become the first integrated Pulp and Paper Unit to receive the prestigious CII GreenCo Platinum Rating. During 2018 ITC won the Best Practices Award from United Nations Global Compact Network India for two major gamechanging initiatives of the Company Integrated Watershed Development and Social Farm Forestry. ITCs leading hygiene brand Savlon bagged 7 awards at the coveted Cannes Lions 2017. ITC Hotels Division was conferred the 2017 Greenbuild Leadership Award by the U.S. Green Building Council USGBC. ITC was conferred the coveted National Award for Excellence in Employee Relations 2017 by the Employers Federation of India EFI. ITC was adjudged for Best Inhouse Legal Team of the Year Award by Legal Era Magazine at the Indian Legal Awards 201718. During 201819 ITC launched over 50 new FMCG products across categories such as Foods Personal Care Education and Stationery products Agarbatti and Matches strengthening its diverse and differentiated portfolio of FMCG offerings. On 10 July 2018 ITC Global Holdings Pte. Limited Singapore Global a subsidiary of the company which had been under winding up was dissolved vide the Order of the High Court of the Republic of Singapore. Consequently Global ceased to be a subsidiary of ITC Ltd.ITCs leading hygiene brand Savlon became the first Indian brand to win the Grand Prix for Creative Effectiveness at the coveted Cannes Lions 2018. ITC received the Diamond Award for Excellence in Public Relations ITC Aashirvaad and Gold Award in the consumer products category ITC Classmate at the SABRE Awards South Asia 2018. The company adjudged as the Best Inhouse Legal Team of the Year Award from Legal Era Magazine at the Indian Legal Awards 201819. ITCs Paperboards Business was recognised as the Best Performer in the pulp paper sector by the Bureau of Energy Efficiency under the Perform Achieve and Trade Scheme. The company bagged the First prize in 6 categories at the Public Relation Society of India PRSI National Awards 2018. During the FY2020 despite the COVID lockdown ITC launched a bouquet of specially crafted innovative products with agility and speed to cater to the consumers urgent needs for health wellness and hygiene solutions. In the FY2020 the company has launched more than 60 new products.ITC won the Best Corporate Initiative in Sanitation Award at the India Sanitation Coalition FICCI Sanitation Awards 2019. The company won the First Prize in 5 categories at the Public Relations Society of India PRSI National Awards 2019. ITC Haridwar Unit won the Outstanding Performance in Food Safety Excellence Award in the Large Manufacturing Food Business Bakery category at the CII Award for Food Safety 2019. ITC received the CII National HR Excellence Award for Significant Achievement in HR Excellence. ITC Kovai Unit received the Platinumlevel certification the highest recognition for water stewardship in the world based on international benchmarks from the Alliance for Water Stewardship Scotland. The amalgamation of Sunrise Foods Private Limited and its subsidiaries with the Company was approved by the Board of Directors on 04 September 2020. The necessary petitions seeking sanction of the National Company Law Tribunal to the said amalgamation have been filed.As on 31 December 2020 the company has 28 subsidiaries 4 joint venture and 7 associate companies under its roof.During the FY2021the Scheme of Amalgamation of Sunrise Foods Private Ltd with the Company was approved by the Honourable National Company Law Tribunal Kolkata Bench vide order dated 26 February 2021. The Scheme became effective from 01 April 2021 consequent to filing of certified copies of the order with the Registrar of Companies West Bengal on 01 April 2021. Consequently Sunrise has amalgamated with the Company with effect from the Appointed Date being 27 July 2020.Wimco Limited became a wholly owned subsidiary of the Company with effect from 29th July 2021 consequent to reduction of equity share capital of that company becoming effective upon receipt of necessary approvals.The Scheme for Amalgamation of Hobbits International Foods Private Limited Hobbits and Sunrise Sheetgrah Private Limited Sheetgrah with the Company was sanctioned by the Honble National Company Law Tribunal Allahabad Bench and became effeclive from 12 August 2021.As on 30 September 2021the company has 25 subsidiaries4 joint venture companies and 7 associate companies under its roof.
OrganisationITC Ltd
HeadquartersKolkata
IndustryTobacco Products