ITC shares stage a smart recovery from day's low

Shares of ITC recovered from intra-day lows to trade 0.3% higher. The shares opened flat in on Wednesday. The stock touched a day's high of Rs 423.30 and a day's low of Rs 424.05.

Financial Overview

The following table presents the consolidated quarterly financial performance of ITC:

HeadingMar 2024Jun 2024Sep 2024Dec 2024

Mar 2025RevenueRs 17,922.70 CroreRs 18,457.33 CroreRs 19,990.36 CroreRs 18,790.17 Crore

Rs 18,765.00 CroreNet ProfitRs 5,187.22 CroreRs 5,169.37 CroreRs 5,050.28 CroreRs 5,009.08 Crore

Rs 19,709.47 CroreEPS4.104.083.993.95

15.77

The revenue for the quarter ending March 2025 stood at Rs 18,765.00 Crore, while the net profit was Rs 19,709.47 Crore. The EPS for the same period was Rs 15.77.

The following table presents the consolidated yearly financial performance of ITC:

Heading2021202220232024

2025RevenueRs 49,272.78 CroreRs 60,668.09 CroreRs 70,936.85 CroreRs 70,881.00 Crore

Rs 75,323.34 CroreNet ProfitRs 13,389.80 CroreRs 15,485.65 CroreRs 19,427.68 CroreRs 20,723.75 Crore

Rs 19,926.05 CroreEPS10.7012.3715.5016.42

27.79BVPS49.3150.9855.9559.99

55.96ROE21.8024.4027.7527.45

49.61Debt to Equity0.000.000.000.00

0.00

The company's revenue for the year ending March 2025 was Rs 75,323.34 Crore, an increase compared to Rs 70,881.00 Crore in the year ending March 2024. The net profit for the year ending March 2025 was Rs 19,926.05 Crore. The EPS stood at Rs 27.79, and the debt-to-equity ratio remained at 0.00.

The following table shows the yearly income statement of ITC:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021SalesRs 75,323 CroreRs 70,881 CroreRs 70,936 CroreRs 60,668 Crore

Rs 49,272 CroreOther IncomeRs 2,529 CroreRs 2,727 CroreRs 1,980 CroreRs 1,836 Crore

Rs 2,632 CroreTotal IncomeRs 77,853 CroreRs 73,608 CroreRs 72,917 CroreRs 62,504 Crore

Rs 51,905 CroreTotal ExpenditureRs 50,991 CroreRs 46,450 CroreRs 47,008 CroreRs 41,742 Crore

Rs 33,915 CroreEBITRs 26,861 CroreRs 27,158 CroreRs 25,909 CroreRs 20,762 Crore

Rs 17,989 CroreInterestRs 45 CroreRs 45 CroreRs 43 CroreRs 39 Crore

Rs 44 CroreTaxRs 6,890 CroreRs 6,388 CroreRs 6,438 CroreRs 5,237 Crore

Rs 4,555 CroreNet ProfitRs 19,926 CroreRs 20,723 CroreRs 19,427 CroreRs 15,485 Crore

Rs 13,389 Crore

The company's sales increased from Rs 70,881 Crore in March 2024 to Rs 75,323 Crore in March 2025.

The following table shows the quarterly income statement of ITC:

Mar 2025Dec 2024Sep 2024Jun 2024

Mar 2024SalesRs 18,765 CroreRs 18,790 CroreRs 19,990 CroreRs 18,457 Crore

Rs 17,922 CroreOther IncomeRs 640 CroreRs 595 CroreRs 610 CroreRs 694 Crore

Rs 683 CroreTotal IncomeRs 19,405 CroreRs 19,386 CroreRs 20,601 CroreRs 19,152 Crore

Rs 18,606 CroreTotal ExpenditureRs 12,656 CroreRs 12,844 CroreRs 13,854 CroreRs 12,210 Crore

Rs 11,759 CroreEBITRs 21,401 CroreRs 6,745 CroreRs 6,822 CroreRs 6,941 Crore

Rs 6,846 CroreInterestRs 10 CroreRs 9 CroreRs 14 CroreRs 11 Crore

Rs 12 CroreTaxRs 1,680 CroreRs 1,726 CroreRs 1,757 CroreRs 1,761 Crore

Rs 1,646 CroreNet ProfitRs 19,709 CroreRs 5,009 CroreRs 5,050 CroreRs 5,169 Crore

Rs 5,187 Crore

ITC’s sales were Rs 17,922 Crore for the quarter ending March 2024 and Rs 18,765 Crore for the quarter ending March 2025.

Balance Sheet

The following table presents the consolidated balance sheet of ITC:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021Share CapitalRs 1,251 CroreRs 1,248 CroreRs 1,242 CroreRs 1,232 Crore

Rs 1,230 CroreReserves & SurplusRs 68,778 CroreRs 72,750 CroreRs 67,171 CroreRs 59,906 Crore

Rs 57,409 CroreCurrent LiabilitiesRs 14,334 CroreRs 13,690 CroreRs 13,739 CroreRs 12,163 Crore

Rs 10,689 CroreOther LiabilitiesRs 3,726 CroreRs 4,136 CroreRs 3,729 CroreRs 3,956 Crore

Rs 4,488 CroreTotal LiabilitiesRs 88,090 CroreRs 91,826 CroreRs 85,882 CroreRs 77,259 Crore

Rs 73,819 CroreFixed AssetsRs 22,148 CroreRs 29,901 CroreRs 28,074 CroreRs 26,677 Crore

Rs 26,530 CroreCurrent AssetsRs 43,893 CroreRs 41,065 CroreRs 39,670 CroreRs 34,232 Crore

Rs 34,991 CroreOther AssetsRs 22,048 CroreRs 20,859 CroreRs 18,137 CroreRs 16,349 Crore

Rs 12,297 CroreTotal AssetsRs 88,090 CroreRs 91,826 CroreRs 85,882 CroreRs 77,259 Crore

Rs 73,819 CroreContingent LiabilitiesRs 2,187 CroreRs 2,292 CroreRs 3,093 CroreRs 3,205 Crore

Rs 3,527 Crore

Cash Flow

The following table presents the consolidated cash flow statement of ITC:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021Operating ActivitiesRs 17,627 CroreRs 17,178 CroreRs 18,877 CroreRs 15,775 Crore

Rs 12,527 CroreInvesting ActivitiesRs -395 CroreRs 1,562 CroreRs -5,732 CroreRs -2,238 Crore

Rs 5,682 CroreFinancing ActivitiesRs -17,037 CroreRs -18,550 CroreRs -13,006 CroreRs -13,580 Crore

Rs -18,633 CroreOthersRs -168 CroreRs 0 CroreRs 0 CroreRs 0 Crore

Rs 56 CroreNet Cash FlowRs 25 CroreRs 190 CroreRs 139 CroreRs -43 Crore

Rs -366 Crore

Financial Ratios

The following table presents the key financial ratios for ITC:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021Basic EPS (Rs.)27.7916.4215.5012.37

10.70Diluted Eps (Rs.)27.7516.3815.4612.37

10.70Book Value /Share (Rs.)55.9659.9955.9550.98

49.31Dividend/Share (Rs.)14.3513.7515.5011.50

10.75Face Value1111

1Gross Profit Margin (%)37.8440.8838.9737.07

39.85Operating Margin (%)35.6638.3236.4234.22

36.51Net Profit Margin (%)46.3829.2327.3825.52

27.17Return on Equity (%)49.6127.4527.7524.40

21.80ROCE (%)36.4134.7635.8131.89

28.49Return On Assets (%)39.4422.2722.3419.72

17.82Current Ratio (X)3.063.002.892.81

3.27Quick Ratio (X)1.961.952.021.91

2.29Debt to Equity (x)0.000.000.000.00

0.00Interest Coverage Ratios (X)632.67630.60639.94571.51

403.54Asset Turnover Ratio (%)0.840.800.830.76

66.74Inventory Turnover Ratio (X)1.581.661.841.57

4.693 Yr CAGR Sales (%)11.4319.9419.8312.01

6.493 Yr CAGR Net Profit (%)13.4324.4111.659.89

7.97P/E (x)14.7426.0924.7420.26

20.42P/B (x)7.327.186.894.95

4.46EV/EBITDA (x)17.8618.2317.0813.55

13.48P/S (x)6.817.556.725.09

5.46

The company’s Return on Equity (ROE) increased from 27.45% in March 2024 to 49.61% in March 2025.The debt to equity ratio remained at 0.00.

Corporate Actions

On July 11, 2025, ITC Limited announced the allotment of 4,539,620 shares. Additionally, there was an allotment of shares under the Employee Stock Option Schemes of the Company.

ITC announced a final dividend of Rs 7.85 per share (785%) on May 22, 2025, with an effective date of May 28, 2025. Also, interim dividend of Rs 6.50 per share (650%) was announced on Feb 06, 2025 with effective date of Feb 12, 2025.

ITC issued bonus shares on multiple occasions. A bonus ratio of 1:2 was announced on May 20, 2016 (ex-bonus date: July 01, 2016), a bonus ratio of 1:1 was announced on June 18, 2010 (ex-bonus date: August 03, 2010), a bonus ratio of 1:2 was announced on June 17, 2005 (ex-bonus date: September 21, 2005), a bonus ratio of 1:1 was announced on July 12, 1994 (ex-bonus date: September 12, 1994), and a bonus ratio of 3:5 was announced on September 30, 1991 (ex-bonus date: December 12, 1991).

ITC announced a stock split on June 17, 2005, with the old face value of Rs 10 being split into a new face value of Rs 1 (Ex-split date: September 21, 2005).

Moneycontrol's sentiment analysis, conducted on July 9, 2025, indicated a neutral outlook for the stock.With the stock currently trading at Rs 423.05, ITC has shown a marginal increase from its previous close.