Obermatt

ITC

NSI:ITC · INE154A01025
TobaccoX-Large

360

81
EV / EBIT45
Price / Owner Earnings73
Owner Earnings Yield90
Dividend Yield83
Price/Sales15
EV / Gross Profit40
Price/Book20
Return on Capital89
Cash Return on Capital90
Return on Equity90
EBIT Margin94
Gross Profitability92
Cash Conversion14
Owner Earnings Margin96
Sales growth16
Profit Growth90
Long-Term EPS Growth39
Reinvestment25
Price momentum15
Debt load78
Refinancing40
Debt Payback100
Liquidity96
Analyst ratings12
Opinion Changes61
Price Target Upside76
Market mood47
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

ITC clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryIndia
IndustryTobacco
SizeX-Large
TypePublic Company
ExchangeNSEI
Founded1910
Employees13,404
ISININE154A01025
Last UpdateApr 2, 2026
Themes
CoffeePackaging ServicesOnshore and Offshore WindAgriTechTourismFarmingFast-Moving Consumer GoodsConsumerHospitalityInformation TechnologyManufacturingRetail

Description

ITC Limited focusing extensively on the Fast-Moving Consumer Goods (FMCG) sector, hotels, paperboards, paper and packaging, as well as agribusiness. The company’s core competencies lie in its strong brand portfolio, product innovation, sustainable pr…

Analysis

Quality compounder

ITC Limited earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is fair. The owner-earnings multiple stands at 16.1×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 3% a year, against analyst forecasts of 4%. The price, in other words, assumes less than the experts do.

Growth is tepid; the safety picture is sturdy. The company scores 10/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
36
2023202420252026

All-time high

100

Jan 2023

All-time low

26

Mar 2026

Average rank

59

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
15
5
5
17
Price/Earnings
34
24
30
57
Price/Book
20
22
18
32
Dividend Yield
83
50
47
58
Value (overall)
32
18
23
22

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →