ITC Share Price Target 2023, 2024, 2025, 2026,2027, 2028, 2029, 2030
ITC Limited, also known as Imperial Tobacco Company of India Limited, In 1910, the British-owned Imperial Tobacco Company set up a subsidiary in India called the Imperial Tobacco Company of India Limited.In the early years, the company focused on importing and distributing cigarettes in India, and also established a manufacturing facility in Kolkata.
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ITC Limited Overview
ITC Limited is known for its sustainability practices, and it has been recognized as a global exemplar in sustainable business practices.
Some of the key business areas of ITC Limited include:
- FMCG – ITC has a wide range of consumer goods products under various brands like Aashirvaad, Sunfeast, Bingo!, Yippee!, B Natural, Fiama, and Engage.
- Hotels – ITC operates a chain of luxury hotels and resorts under the brand names ITC Hotels, WelcomHotel, and Fortune Hotels.
- Paperboards and Packaging – ITC is one of India’s largest paperboard manufacturers and also produces packaging materials.
- Agribusiness – ITC is involved in agricultural commodities such as wheat, rice, coffee, and spices.
- Information Technology – ITC has a subsidiary called ITC Infotech, which provides IT solutions and services to various industries.
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Business Model of ITC
ITC Limited has a diversified business model that includes several business verticals, such as FMCG, hotels, paperboards and packaging, agribusiness, and information technology. The company’s business model is centered around creating value for its stakeholders through sustainable and profitable growth.
Here are some key aspects of ITC’s business model:
- Diversification: ITC has a diversified portfolio of businesses, which allows it to mitigate risks associated with operating in a single market segment. The company operates in sectors such as FMCG, hotels, paperboards and packaging, agribusiness, and information technology, which have varying levels of cyclicality, and this diversification helps the company maintain a stable revenue stream.
- Focus on sustainable business practices: ITC has a strong focus on sustainable business practices and has set ambitious sustainability goals, such as becoming carbon positive, water positive, and solid waste recycling positive by 2030. The company’s sustainability initiatives also include working closely with farmers to improve their productivity and livelihoods, conserving water resources, and reducing its carbon footprint.
- Strong distribution network: ITC has a strong distribution network that helps it reach consumers across India. The company has a wide range of products in its FMCG business, which are distributed through a network of over 4,000 distributors and 2.7 million retail outlets. ITC’s agribusiness division has also developed an e-Choupal platform, which connects farmers with markets, providing them with access to information on weather, market prices, and other relevant information.
- Focus on innovation: ITC has a strong focus on innovation, which is reflected in its product range. The company has introduced several innovative products in its FMCG business, such as the range of herbal products under the brand ‘Nimwash’ to disinfect fruits and vegetables. ITC’s hotels business also offers unique experiences to guests, such as organic and farm-to-table dining experiences.
- Focus on premiumization: ITC has been focusing on premiumization, which involves introducing high-end products to cater to the growing demand for premium products in India. The company has been introducing premium products in its FMCG business, such as luxury chocolates, and its hotels business has been expanding its portfolio of luxury hotels.
ITC Share Price
The stock of ITC Limited is traded on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India. The company’s stock symbol is “ITC”. The stock is part of the S&P BSE Sensex index, which is the benchmark index of the BSE.
As of April 5, 2023, the stock price of ITC on the NSE was around INR 387.50 per share, ITC Share 52 week high at Rs. 394/- & 52 week low Rs.249/-. The Dividend Yield of ITC is 3.16% & P/E Ratio is 26.33.
| Company Name | ITC Limited |
| Share Name | ITC |
| Founded in | 1910 |
| Headquarters | Kolkata |
| CEO | Sanjiv Puri |
| Revenue | 62,504 crores INR (2022) |
| Market Capitalization | ₹4,21,944 Crore INR |
| Primary Exchange | NSE, BSE |
| Official Website | Click Here |
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Shareholding of ITC
The shareholding pattern of ITC Limited is as follows:
- Promoters (British American Tobacco (BAT) group): 28.71%.
- Institutional Investors: 45.07%.
1. Mutual Funds/ UTI: 10.87%.
2. Foreign Portfolio Investors: 16.62%.
3. Insurance Companies: 9.03%.
4. Banks/ Financial Institutions: 6.15%.
5. Alternate Investment Funds: 0.87%.
6. Others: 1.53%. - Non-Institutional Investors: 18.12%
1.Corporate Bodies: 7.21%.
2. Individuals: 9.45%.
3.NRIs/OCBs: 1.46%. - Others: 8.10%.
ITC Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
| 2023 | 390 | 410 |
| 2024 | 420 | 435 |
| 2025 | 455 | 480 |
| 2026 | 495 | 530 |
| 2027 | 555 | 590 |
| 2028 | 620 | 655 |
| 2029 | 675 | 720 |
| 2030 | 750 | 810 |
| 2040 | 1525 | 1650 |
| 2050 | 3250 | 3500 |
Note:- “That these share price targets for “ITC Limited Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
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Annual Result Summary of ITC
ITC Limited’s annual results for the financial year 2020-2021 (FY21) –
- Net Revenue: INR 51,560 crores (~USD 7.2 billion)
- Profit After Tax (PAT): INR 15,309 crores (~USD 2.1 billion)
- Earnings Per Share (EPS): INR 10.23 (~USD 0.14)
- Dividend Per Share (DPS): INR 10.5 (~USD 0.15)
- Gross Revenue from sale of products and services: INR 65,247 crores (~USD 9.1 billion)
- Capital Employed: INR 47,273 crores (~USD 6.6 billion)
- Return on Capital Employed (ROCE): 37.3%
- Total assets: INR 86,413 crores (~USD 12 billion)
ITC Share Price Target 2023
ITC Limited announced that it had acquired 100% equity share capital of Sunrise Foods Private Limited, a leading spices manufacturer in eastern India. This acquisition is expected to strengthen ITC’s presence in the fast-growing spices market in India.
ITC share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹390 | ₹410 |
ITC Share Price Target 2024
ITC Limited announced that it had completed the acquisition of 100% stake in Technico Agri Sciences Limited, a leading manufacturer of agro-chemicals and specialty fertilizers. This acquisition is expected to strengthen ITC’s presence in the agriculture sector in India. In September 2021, ITC Limited announced that it had partnered with the Indian Army to launch a new range of high-quality packaged drinking water under its “B Natural” brand. The product will be sold exclusively through the Indian Army’s Canteen Stores Department (CSD) network.
ITC share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹420 | ₹435 |
ITC Share Price Target 2025
As of March 31, 2023, the market capitalization of ITC Limited is approximately INR 3.6 lakh crore, making it one of the largest companies listed on the Indian stock exchanges. The P/E ratio is a commonly used valuation metric that measures a company’s current stock price relative to its earnings per share (EPS). As of March 31, 2023, the P/E ratio of ITC Limited is approximately 24.6x.
ITC share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹455 | ₹480 |
ITC Share Price Target 2026
ITC’s FMCG business is one of the company’s largest revenue generators. The company’s product range includes food and beverage products, personal care products, education and stationary products, and safety matches. Aashirvaad, Sunfeast, Bingo!, Yippee!, and B Natural are some of the popular brands owned by ITC. The company has also introduced innovative products like a range of herbal products under the brand ‘Nimwash’ to disinfect fruits and vegetables.
ITC share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹495 | ₹530 |
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ITC Share Price Target 2027
ITC’s hotel business operates under three brands – ITC Hotels, WelcomHotel, and Fortune Hotels. ITC Hotels is a luxury hotel chain with properties in various cities in India, while WelcomHotel and Fortune Hotels are mid-priced and budget hotel chains, respectively. ITC Hotels is known for its sustainability initiatives and has won several awards in this regard.
ITC share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹555 | ₹590 |
ITC Share Price Target 2030
ITC’s hotel business operates under three brands – ITC Hotels, WelcomHotel, and Fortune Hotels. ITC Hotels is a luxury hotel chain with properties in various cities in India, while WelcomHotel and Fortune Hotels are mid-priced and budget hotel chains, respectively. ITC Hotels is known for its sustainability initiatives and has won several awards in this regard.
ITC share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹750 | ₹810 |
Dividends History of ITC share
ITC Limited’s dividend history over the past few years:
- In 2022, ITC Limited paid a dividend of Rs. 5.75 per share, which was the same as the previous year.
- In 2021, ITC Limited paid a dividend of Rs. 5.75 per share, which was higher than the previous year’s dividend of Rs. 5.15 per share.
- In 2020, ITC Limited paid a dividend of Rs. 5.15 per share, which was lower than the previous year’s dividend of Rs. 5.75 per share.
- In 2019, ITC Limited paid a dividend of Rs. 5.75 per share, which was the same as the previous year.
- In 2018, ITC Limited paid a dividend of Rs. 5.15 per share, which was higher than the previous year’s dividend of Rs. 4.75 per share.
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Future of ITC Share
- Diversification: ITC Limited has been diversifying its business portfolio beyond its traditional tobacco business, with a focus on the fast-growing consumer goods segment. The company has been investing in areas such as packaged foods, personal care, and agribusiness, among others. This diversification strategy is expected to help the company reduce its reliance on the tobacco business and drive growth in new segments.
- Focus on sustainability: ITC Limited has been emphasizing sustainability in its operations, with a focus on reducing carbon emissions, conserving water resources, and promoting sustainable agriculture practices. This focus on sustainability is expected to help the company improve its brand reputation, attract socially conscious consumers, and reduce costs in the long run.
- Digital transformation: ITC Limited has been investing in digital technologies to drive innovation, improve efficiency, and enhance the customer experience. The company has launched several digital initiatives in areas such as e-commerce, supply chain management, and data analytics. This focus on digital transformation is expected to help the company stay ahead of the competition and adapt to changing consumer preferences.
- Regulatory challenges: The tobacco business, which has been a major revenue source for ITC Limited, is facing increasing regulatory challenges globally, including higher taxes, stricter packaging regulations, and public health campaigns. These regulatory challenges could impact the company’s profitability and growth prospects in the long run.
Risk of ITC Share
- Regulatory risks: As a company operating in the tobacco industry, ITC Limited is subject to a wide range of regulatory risks, including higher taxes, stricter packaging regulations, and public health campaigns. These regulatory risks could impact the company’s profitability and growth prospects in the long run.
- Dependence on tobacco business: ITC Limited has been diversifying its business portfolio beyond its traditional tobacco business. However, the tobacco business still accounts for a significant portion of the company’s revenue and profits. Any adverse changes in the tobacco market, such as declining demand or increasing competition, could impact the company’s financial performance.
- Economic risks: ITC Limited’s financial performance is closely tied to the broader economic conditions in India. Any downturn in the economy, such as a recession or high inflation, could impact the company’s sales and profits.
- Competitive risks: ITC Limited operates in a highly competitive market, with several domestic and international players vying for market share. Any adverse changes in the competitive landscape, such as the entry of new players or aggressive pricing by competitors, could impact the company’s market position and financial performance.
- Supply chain risks: ITC Limited sources several raw materials and inputs from suppliers across India and overseas. Any disruptions in the supply chain, such as natural disasters or geopolitical tensions, could impact the company’s operations and financial performance.
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FAQs
In 2025 ITC target price in between Rs.455 to Rs.480/-
As per our analysis & research Share price of ITC in 2023 will be approx Rs. 750- Rs.810/-.
In Year 2023, target price of ITC share is Rs.410/-
Yes, ITC is a dividend stock, ITC limited paid Rs.5.75 dividend per stock which is 3.03%. from last few years ITC paid dividends.
Over the past five years, ITC Limited’s stock has had a mixed performance, with the share price experiencing both ups and downs. However, the company’s dividend payouts have remained consistent, which is a factor that many investors find attractive.The stock’s performance is affected by a variety of factors such as the company’s financial performance, market conditions, global economic trends, government policies, and investor sentiment.
Next Target of ITC stock is Rs.400/-
