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ITC Limited ITC.NS

IN · National Stock Exchange of India · XNSE · stock · Consumer Defensive · website

ITC Limited statistics & valuation

Market cap₹3.48T
P / E16.8×
P / S4.5×
P / B4.8×
P / FCF21.4×
Net margin26.5%
FCF margin20.8%
Net debt₹17.6B
Enterprise value USD$36.8B
Earnings yield EBIT/EV7.3%
Return on capital33.2%
Graham number -47.1%₹146.62

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹146.62); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
27.30% 30.40% 46.50% 26.50% 2023202420252026
Gross margin (%)
58.10% 59.40% 56.60% 57.80% 2023202420252026
Operating margin (%)
34.00% 35.10% 32.40% 32.70% 2023202420252026
Return on equity (%)
27.80% 27.50% 49.60% 28.50% 2023202420252026
Shares outstanding
12.53B 12.53B 12.53B 12.53B 2023202420252026
Net debt (₹)
-₹1.57B -₹3.22B -₹3.35B ₹17.56B 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
22.30% 22.30% 39.40% 22.10% 2023202420252026
Free cash flow margin (%)
23.00% 20.20% 20.60% 20.80% 2023202420252026
Debt / equity (×)
0.00× 0.00× 0.00× 0.03× 2023202420252026
EPS (₹)
₹15.46 ₹16.38 ₹27.75 ₹16.51 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ITC Limited trades at about 16.8× earnings — below its 10-year norm (10-year range 15.3×–26.5×, median 25.6×).

15.3× 26.5×

Shaded band = 10-year range (15.3×–26.5×); dot = today's 16.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin57.8%56.6%59.4%58.1%
Operating margin32.7%32.4%35.1%34.0%
Net margin26.5%46.5%30.4%27.3%
FCF margin20.8%20.6%20.2%23.0%
Return on assets22.1%39.4%22.3%22.3%
Return on equity28.5%49.6%27.5%27.8%
Debt / equity0.00×0.00×0.00×0.00×
Current ratio3.043.063.002.89

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.