ITC Share Price Target by 2024: Buying stocks is like finding your way through a maze. You need skills and smart choices based on careful study. If you want to know about ITC shares, you’ve come to the right place. This blog will take a close look at the ITC Share Price Target from 2024 to 2030. We’ll do this by looking at how the company has grown, how well it’s doing, and what it might do in the future. This guide aims to give you the facts you need to make a smart choice about investing. It doesn’t matter if you’ve been investing for years or if you’re just starting to learn.
Introduction to ITC Limited: A Century-Old Legacy
In Kolkata, West Bengal, there exists ITC Limited which is a staple of the Indian corporate scene. Ever since its inception back in 1910, ITC has expanded itself into a global enterprise with diversified interests ranging from information technology to fast moving consumer goods, hotels, agribusiness and paperboard among many others. Over more than a hundred years of existence, ITC share price has carved out an identity for itself characterised by trustworthiness and quality.
The Diversified Giant: ITC’s Business Segments
The strength of ITC is its multifaceted business model. A closer look at its main sections is as follows:
- FMCG: ITC’s FMCG division is a market leader in everything from cigarettes to packaged foods.
- Hotels: ITC brags a chain of lavish lodgings known for their immaculate help and maintainability drives.
- Paperboards and Packaging: ITC is a prominent player in the paper and packaging industries that places an emphasis on environmentally friendly methods.
- Agribusiness: The agribusiness division of ITC ensures sustainable sourcing and supports rural livelihoods.
- Information Technology: ITC Infotech improves the conglomerate’s digital footprint by providing cutting-edge IT solutions.
Current Overview of ITC Share Price target by 2024…
ITC Restricted’s vigorous presence across different areas makes it a considerable power in the Indian confidential area. Let’s look at some important financial metrics that show where it stands in the market:
- Market Cap: ₹3,00,000 Crore
- Book Value: ₹54.32
- Face Value: ₹1
- 52 Week High: ₹400.00
- 52 Week Low: ₹200.25
- P/B Ratio: 7.37
- Dividend Yield: 4.55%
Financial Data Analysis: The Backbone of Investment Decisions
An intensive investigation of ITC’s monetary information is urgent for going with an educated speculation choice. Let’s look at the most important financial ratios:
- PE Ratio: 22.11 – Indicates the price investors are willing to pay for a rupee of earnings.
- Return on Assets (ROA): 10.25% – Reflects the company’s efficiency in utilising its assets to generate profit.
- Current Ratio: 1.50 – Shows the ability of the business to pay short-term debt with short-term assets.
- Return on Equity (ROE): 23.45% – Indicates how effectively the business is turning a profit with its equity.
Historical and Projected ITC Share Price Target by 2024, 25, 27, 28, 29 and 2030
Understanding the historical performance and future projections of ITC share price can provide valuable insights for potential investors. Below is a detailed year-by-year forecast for ITC share price target by 2024 to 2030.
ITC Share Price Target by 2024
| Month | Maximum Target | Minimum Target |
| July | Rs 503.20 | Rs 437.57 |
| August | Rs 523.33 | Rs 455.07 |
| September | Rs 544.27 | Rs 473.28 |
| October | Rs 533.59 | Rs 464.00 |
| November | Rs 549.60 | Rs 477.91 |
| December | Rs 563.34 | Rs 489.86 |
ITC Share Price Target for 2025
| Month | Maximum Target | Minimum Target |
| January | Rs 574.61 | Rs 442.01 |
| February | Rs 589.34 | Rs 453.34 |
| March | Rs 612.33 | Rs 471.02 |
| April | Rs 600.32 | Rs 461.79 |
| May | Rs 582.84 | Rs 448.34 |
| June | Rs 609.06 | Rs 468.51 |
| July | Rs 597.12 | Rs 459.32 |
| August | Rs 615.59 | Rs 473.53 |
| September | Rs 637.13 | Rs 490.10 |
| October | Rs 653.70 | Rs 502.85 |
| November | Rs 670.04 | Rs 515.42 |
| December | Rs 686.79 | Rs 528.30 |
ITC Share Price Target for 2026 to 2030
| Year | Maximum Target | Minimum Target |
| 2026 | Rs 721.13 | Rs 504.79 |
| 2027 | Rs 793.25 | Rs 555.27 |
| 2028 | Rs 1,110.54 | Rs 555.27 |
| 2029 | Rs 961.51 | Rs 480.76 |
| 2030 | Rs 1,249.96 | Rs 874.97 |
(It is advised to consult a professional before making any commitments linked to investments.)
In-Depth Financials of ITC for 2023
Gaining insight into ITC’s operational efficiency and profitability can be achieved through a thorough analysis of its financial performance. Here are some detailed financial metrics for 2023:
Key Financial Metrics
| Financial Metric | Value | YOY Change |
| Revenue | 709.37 Billion INR | ⬆ 16.93% YOY |
| Operating Expense | 172.12 Billion INR | ⬆ 16.69% YOY |
| Net Income | 191.92 Billion INR | ⬆ 25.91% YOY |
| Net Profit Margin | 27.05% | ⬆ 7.68% YOY |
| Earnings Per Share | 15.05 | ⬆ 21.63% |
| EBITDA | 255.74 Billion INR | ⬆ 24.78% |
| Effective Tax Rate | 24.84% | |
| Total Assets | 858.83 Billion INR | ⬆ 11.16% YOY |
| Total Liabilities | 163.44 Billion INR | ⬆ 13.21% YOY |
| Total Equity | 695.39 Billion INR | |
| Return on Assets | 18.28% | |
| Return on Capital | 22.44% | |
| P/E Ratio | 27.02 | |
| Dividend Yield | 2.87% |
Shareholding Pattern
Understanding the shareholding pattern provides insights into the company’s ownership structure and investor confidence:
- Promoters: 9.66%
- FII: 43.26%
- Public: 14.71%
- Others: 32.4%
Competitors in the Market
ITC faces competition from several other giants in the FMCG and diversified sectors. Here’s a look at some of its key competitors:
- Hindustan Unilever Limited (HUL): Market Cap: 5.90 Trillion INR
- PROCTER & GAMBLE CO: 369.75 Billion Indian Rupees in Market Cap
- Nestle SA: Market Cap: 263.56 Billion INR
- Godrej Consumer Products Ltd: Market Cap: 1.32 Trillion INR
- Godfrey Phillips India Ltd. has a market capitalization of INR 126.76 billion.
Points to Consider Before Investing in ITC Stock
ITC stock investments can be profitable, but it’s important to consider the advantages and disadvantages. Here are some important things to think about:
Benefits
- Steady Revenue Growth: Over the years, ITC has consistently increased its revenue.
- Robust Dividend Yield: The business rewards investors on a regular basis with a robust dividend yield.
- diversified business model: The risks brought on by market volatility are reduced by ITC’s diversified portfolio.
Negative aspects
- Regulatory Risks: ITC is subject to regulatory risks because of its involvement in the tobacco industry.
- Market Dependency: The Indian market accounts for a sizeable amount of ITC’s revenue.
Highlights of ITC’s Recent Performance
- Profit Growth pace: In 2023, ITC’s profit grew at a pace of 16% annually to reach Rs 5,190 crore.
- Dividend Payment: For the fiscal year 2022–2023, ITC paid out Rs 15.50 per share in dividends, or a dividend yield of 4.59%.
- Hotel Chain: ITC is the fifth-largest hotel chain in India, with a network of more than 100 properties.
- Broker Recommendations: Jefferies Broker suggests purchasing ITC shares with a target price of Rs 520, while Axis Securities suggests purchasing ITC with a price goal of Rs 540 in December 2023.
How to Purchase ITC Shares
Purchasing ITC shares is straightforward and can be done through various trading platforms. Here are some popular options:
- Zerodha: A popular online discount broker in India.
- Upstox: Known for its low-cost trading services.
- Groww: A user-friendly platform for beginners.
- AngelOne: Offers a range of financial services, including stock trading.
Peer Companies for ITC
In the FMCG and diversified sectors, ITC has competition from a number of different businesses. Here are a few noteworthy peers:
- Hindustan Unilever Limited is one of India’s top FMCG companies.
- Nestle India Limited: Well-known for producing a wide variety of food and drink items.
- Natural healthcare and personal care products are the areas of expertise for Dabur India Limited.
- Offering a large selection of consumer goods is Godrej Consumer Products Limited.
Investor Types and Ratios for ITC Share Price Target by 2024
Understanding the financial backer piece and important proportions evaluates the solidness and development capability of ITC. Here are a few experiences:
Investor Composition
- Promoters: 9.66%
- Foreign Institutional Investors (FII): 43.26%
- Public: 14.71%
- Others: 32.4%
Key Financial Ratios
- PE Ratio: 27.02 – Reflects the price investors are willing to pay for a rupee of earnings.
- Dividend Yield: 2.87% – Indicates the annual dividend income relative to the share price.
Conclusion: ITC’s Promising Future
ITC Limited is a formidable player in the FMCG and diversified industries, with solid financial standing and promising prospects for the future. ITC share price are expected to perform well in the coming years, according to our expert assessment. Given its steady growth, solid financials, and diversified business model, investing in ITC could be beneficial for long-term investors.
FAQ for ITC Share Price
Who is the owner of ITC Limited?
ITC Limited is a public corporation with a diverse shareholder base, including significant holdings by domestic and foreign institutional investors.
Should I invest in ITC shares right now?
Considering its consistent growth, strong financials, and diversified business model, ITC shares are a promising investment for the long term.
What is the future growth potential of ITC Limited?
ITC is focused on growing its FMCG and various other segments, indicating significant future growth potential.
How does ITC compare to its competitors?
ITC competes with several other giants in the FMCG and diversified sectors, such as Hindustan Unilever, Nestle India, Dabur India, and Godrej Consumer Products. ITC’s diversified business model and strong financial performance give it a competitive edge.
What are the risks associated with investing in ITC shares?
Investing in ITC shares can be a rewarding experience, provided you make informed decisions based on thorough research and professional advice. With its strong financial health and diversified business model, ITC Limited is poised for a promising future.
Disclaimer: The information in this “Stock Profile” blog post is for informational purposes only. It is not financial advice. Always consult a qualified expert before making investment decisions.
