ITC Limited was established in 1910 in Virginia House, Kolkata, West Bengal, as a successful FMCG company before expanding into software, packaging, paperboards, and agribusinesses. This was a total of one hundred and thirteen years ago. It ranks second in terms of market value among FMCG companies operating within India’s borders, behind Hindustan Unilever Limited (HUL), with an equity capitalisation of 5.54 trillion rupees. The company generated gross revenue of Rs 78,498.70 crores from the sale of goods and services during the fiscal year 2022-23.
ITC Share Price Target 2024-2030
Since its inception in 1910, ITC has established itself as the nation’s dominant cigarette manufacturer and retailer. Paperboards, Paper and Packaging, Hotels, FMCG Cigarettes, and Agri Business are the company’s five business divisions. Stock investing necessitates an in-depth comprehension of market trends, company performance, and future projections. ITC Limited, a major player in the Indian market, has demonstrated steady growth and stability. The ITC share price target for the years 2025, 2030, 2035, 2040, 2045, and 2050 is the subject of this comprehensive analysis. In light of reliable information and well-reasoned conclusions, we will delve into the current market outline, past execution, development investigation, and forecasts.
ITC Share Price Target Today Update
While putting resources into stocks, learned choices in view of broad examination and expert assessment are required. If you’re interested in ITC shares, you’ve come to the right place. In this blog, we’ll go over the ITC Share Price Target from 2024 to 2030 in detail. Our evaluation is entirely based on the company’s expansion, typical performance, and potential future opportunities in order to give you the information you need to make an educated investment decision.
What Is ITC Limited?
The global Indian conglomerate ITC Limited has its headquarters in Kolkata, West Bengal. The FMCG, lodging, paperboards and packaging, agribusiness, and information generation sectors are just a few of the many that ITC serves, which was established in 1910.
Check Here:-
Borosil Renewables Share Price Target
ITC Business Profile
ITC is a significant private Indian company that is also a part of a broader business group that operates in the hotels, paperboards and packaging, agribusiness, information technology, and fast-moving consumer goods industries. As of 31.03.2023, the company had a gross revenue of 69,481 crore rupees and a net profit of 18,753.31 crore rupees, making it one of India’s top value-creating businesses.
- FMCG – Cigarettes: The ITC controls 80 percent of the organized internal market for cigarettes. It is a business that sells a number of different brands of cigarettes, such as Insignia, India Kings, Classic, Gold Flake, American Club, Will’s Navy Cut, Players, Scissors, Capstan. It also sells American Club.
- Business: The India tobacco company is the country’s second-largest agricultural product exporter. It sells feed ingredients, food grains, processed fruits, coffee, and marine products, among other things. In this vertical, it also exports leaf tobacco. India tobacco organization is India’s biggest and world’s fifth biggest leaf tobacco exporter.
- Paperboards, Paper & Packaging: With the most market share in India, ITC stands out in the value-added paperboards industry. The organization is perceived for its top notch bundling items produced using paperboards, with a pledge to maintainability going through its whole scope of items directly down from biodegradable materials up to food-safe virgin sheets produced using recently settled forests.
- Hotel Business: On August 23, the organization assented to combine its lodging business with ITC Inns Restricted, which will be another substance. The remaining 60% will go to ITC’s current shareholders in proportion to their ownership, while ITC will keep 40% of the new company. ITC Hotels is a chain of lodging service providers that is rapidly developing.
Methodology for Price Predictions
- Technical Analysis: Moving averages, the relative strength index (RSI), and Fibonacci retracement levels are some of the technical analysis tools we use to forecast future share prices. These instruments assist us with understanding the market patterns and potential cost developments.
- Fundamental Analysis: Key financial metrics like earnings, revenue growth, profit margins, and market conditions are taken into account in our fundamental analysis. We also look at the company’s strategic initiatives and how they might affect its performance in the future.
- Machine Learning Models: To make predictions about future prices, cutting-edge machine learning algorithms look at historical price data. A comprehensive forecast is provided by these models, which take into account a wide variety of variables.
ITC Financial & Fundamentals
| Market Cap | ₹ 5,49,328 Cr. |
| Current Price | ₹ 440 |
| High / Low | ₹ 500 / ₹ 399 |
| Stock P/E | 26.8 |
| Book Value | ₹ 55.4 |
| Dividend Yield | 2.90 % |
| ROCE | 39.0 % |
| ROE | 29.1 % |
| Face Value | ₹ 1.00 |
| Debt to equity | 0.00 |
| Debt Capacity | 0.14 |
| Debt preceding year | ₹ 249 Cr. |
| Debt | ₹ 284 Cr. |
| Reserves | ₹ 67,852 Cr. |
| EPS | ₹ 16.5 |
| EPS last year | ₹ 15.4 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ 13,767 Cr. |
| EVEBITDA | 18.8 |
| Industry PE | 24.0 |
| PEG Ratio | 2.30 |
| Piotroski score | 6.00 |
Quarterly Results
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | |
| Revenue (in Rs Cr) | 16,556 | 18,489 | 17,108 | 17,705 | 17,635 | 17,164 | 17,774 | 18,019 |
| Expenses (in Rs Cr) | 10,956 | 12,412 | 10,849 | 11,000 | 11,011 | 10,494 | 11,320 | 11,516 |
| Operating Profit (in Rs Cr) | 5,599 | 6,077 | 6,259 | 6,705 | 6,624 | 6,670 | 6,454 | 6,504 |
| OPM % | 34% | 33% | 37% | 38% | 38% | 39% | 36% | 36% |
| Interest (in Rs Cr) | 499 | 321 | 455 | 595 | 683 | 722 | 665 | 651 |
| Depreciation (in Rs Cr) | 467 | 438 | 462 | 447 | 461 | 442 | 453 | 459 |
| Profit before tax (in Rs Cr) | 5,620 | 5,950 | 6,239 | 6,844 | 6,833 | 6,940 | 6,656 | 6,682 |
| Tax % | 24% | 25% | 25% | 26% | 24% | 25% | 26% | 19% |
| Net Profit (in Rs Cr) | 4,266 | 4,472 | 4,682 | 5,080 | 5,243 | 5,190 | 4,965 | 5,407 |
| EPS in Rs | 3.40 | 3.56 | 3.73 | 4.03 | 4.16 | 4.10 | 3.93 | 4.28 |
CAGR Report
| 10 Years | 5 Years | 3 Years | TTM (Trailing Twelve Months) | |
| Compounded Sales Growth (%) | 8 | 10 | 13 | 1 |
| Compounded Profit Growth (%) | 10 | 12 | 7 | 12 |
| Stock Price CAGR (%) | 7 | 8 | 29 | 3 |
| Return on Equity (%) | 25 | 25 | 25 | 29 |
Check Here:-
Jupiter Wagons Share Price Target
Asian Paints Share Price Target
Shareholding Pattern
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| FIIs | 42.68 | 42.99 | 43.35 | 43.62 | 43.34 | 43.26 | 40.95 |
| DIIs | 42.38 | 42.19 | 42.08 | 41.92 | 41.94 | 41.98 | 43.76 |
| Government | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Public | 14.87 | 14.78 | 14.52 | 14.41 | 14.68 | 14.71 | 15.23 |
| No. of Shareholders | 28,96,358 | 29,36,692 | 29,30,527 | 30,13,793 | 32,74,360 | 33,35,815 | 36,48,537 |
ITC Share Price Target 2024-2030 Forecast
| Year | Share Price Target |
| 2024 | ₹505 |
| 2025 | ₹620 |
| 2026 | ₹750 |
| 2027 | ₹806 |
| 2028 | ₹928 |
| 2029 | ₹1,000 |
| 2030 | ₹1180 |
ITC Share Price Target 2025
| 2025 | Share Price Target |
| January | ₹600 |
| February | ₹550 |
| March | ₹515 |
| April | ₹527 |
| May | ₹569 |
| June | ₹520 |
| July | ₹570 |
| August | ₹643 |
| September | ₹662 |
| October | ₹653 |
| November | ₹601 |
| December | ₹620 |
ITC Share Price Target 2026
| 2026 | Share Price Target |
| January | ₹602 |
| February | ₹647 |
| March | ₹658 |
| April | ₹697 |
| May | ₹716 |
| June | ₹755 |
| July | ₹751 |
| August | ₹749 |
| September | ₹722 |
| October | ₹711 |
| November | ₹779 |
| December | ₹750 |
ITC Share Price Target 2027
| 2027 | Share Price Target |
| January | ₹737 |
| February | ₹789 |
| March | ₹799 |
| April | ₹865 |
| May | ₹858 |
| June | ₹823 |
| July | ₹854 |
| August | ₹848 |
| September | ₹840 |
| October | ₹826 |
| November | ₹800 |
| December | ₹806 |
Check Here:-
ITC Share Price Target 2028
| 2028 | Share Price Target |
| January | ₹839 |
| February | ₹821 |
| March | ₹849 |
| April | ₹860 |
| May | ₹875 |
| June | ₹888 |
| July | ₹899 |
| August | ₹895 |
| September | ₹910 |
| October | ₹920 |
| November | ₹912 |
| December | ₹928 |
ITC Share Price Target 2029
| 2029 | Share Price Target |
| January | ₹945 |
| February | ₹900 |
| March | ₹849 |
| April | ₹860 |
| May | ₹903 |
| June | ₹888 |
| July | ₹920 |
| August | ₹940 |
| September | ₹955 |
| October | ₹965 |
| November | ₹983 |
| December | 1000 |
ITC Share Price Target 2030
| 2030 | Share Price Target |
| January | ₹1050 |
| February | ₹980 |
| March | ₹930 |
| April | ₹950 |
| May | ₹975 |
| June | ₹1010 |
| July | ₹1050 |
| August | ₹1075 |
| September | ₹1090 |
| October | ₹1100 |
| November | ₹1150 |
| December | ₹1180 |
Final Words
ITC Limited is India’s top cigarette creator and vender, and it likewise works in FMCG, Paper and bundling, Agri-Business, and Lodgings. It exports its goods to over 90 nations and sells them in over 6 million Indian retail establishments. India accounts for more than 78% of its revenue, and exports account for the remainder. In India’s organized cigarette market, it holds more than 80% of the market share. The stock of ITC has increased by 65% in the past five years and 34.84 percent in the past year. We’ll give point by point data about the normal cost of ITC partakes before long.
Stay Updated with the Latest News and Trends
Discover the latest in tech, exams, Sarkari results, and more with our platform. We bring you fresh updates and expert insights to keep you informed and ahead. Join us today and stay on top of the most important developments!