ITC is involved in many businesses and it is one of the leading companies in many businesses like Cigret, Hotel, FMCG, etc. In the last 3 years, the ITC stock has given more than 125% return. But for the last 5 to 6 months the ITC stock has been trading in a range. As per the technical and fundamentals, the stock is likely to give a breakout very soon, check the ITC share price target for 2024, 2025, and 2026.
ITC is one of the top choices of millions of investors, not only in India but all over the world. The company also gives good dividends to the investors. As of now, the dividend yield of the stock is approximately 3.73% which is good for those who are looking for high dividend-paying stocks.
Likely, ITC stock can again give a massive return very soon. As the analysts are very bullish on the stock also 90% analyst out of 34 indicate a buy signal for the stock. It can be a good opportunity for thousands of retail investors. You should only invest in the stock based on the proper technical and fundamental analysis.
Related Posts:
- EKI Energy Share Price Target 2024, 2025, and 2026
- Adani Wilmar Share Price Target 2024, 2025, and 2026
- Tata Power share price target 2024, 2025, and 2026
About ITC
ITC company was founded in 1910 and as of now, its managing director is Mr. Sanjiv Puri. ITC is involved in multiple businesses like food, education, hotels, tobacco, matches, agarbatti, and many more.
ITC company is an Indian company that is involved in multiple businesses of different segments. In the business, it has a very large number of products like in the food business they have Ashirvaad, Sunfest, Bingo, Sunrise, Yippee, etc.
In the personal care business, the company has products like EDW Essenza, Dermafique, Fiama, Vivel, Nimyle, etc.
There are many businesses in which the company is involved and most of the products we are using it and well-known in the market. You can check ITC’s official website to know more about their business in detail.
Company Fundamentals
There are multiple terms in a fundamental of the company. These terms help to analyze the company and check its strength whether the company is fundamentally weak or strong. Not only strength you can also check the growth of the company in the past year and you can compare it with the present data to predict the future of the company’s growth.
For long-term investors company fundamentals is a very important for investing. The people who ignore it may face a huge loss in their investments or can not make good profits even in good market conditions.
Note: Please cross-check the below-shared information from your broker website or any other trusted website. Please let us know if any information is wrong. The fundamental data was last updated on 11 March 2024.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | ₹12,836 |
| March 2020 | ₹15,593 |
| March 2021 | ₹13,383 |
| March 2022 | ₹15,503 |
| March 2023 | ₹19,477 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹5,070 |
| Mar 2023 | ₹5,225 |
| Jun 2023 | ₹5,180 |
| Sep 2023 | ₹4,956 |
| Dec 2023 | ₹5,401 |
Cash Flow (In ₹ Crore)
| Cash Flow From | March 2021 | March 2022 | March 2023 |
|---|---|---|---|
| Operating Activities | ₹12,527 | ₹15,776 | ₹18,878 |
| Investing Activities | ₹5,740 | -₹2,238 | -₹5,732 |
| Financing Activities | -₹18,634 | -₹13,580 | -₹13,006 |
| Others | 0 | 0 | 0 |
| Net Cash Flow | -₹367 | -₹43 | ₹139 |
Company Essentials
| Market Cap | ₹5,15,922Cr | ROE | 29.21% |
| P/E Ratio (TTM) | 25.14 | EPS (TTM) | 16.44 |
| P/B Ratio | 7.47 | Div Yield | 3.73% |
| Industry P/E | 25.06 | Book Value | 55.36 |
| Debt to Equity | 0.00 | Face Value | 1 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 43.62% | 43.34% | 43.26% |
| DIIs | 41.92% | 41.94% | 41.98% |
| Public | 14.41% | 14.68% | 14.71% |
| Promoters | 0.00% | 0.00% | 0.00% |
| Government | 0.04% | 0.04% | 0.04% |
Key Points
- ITC Limited is an almost DEBT-free company.
- ITC company making profit continually over the quarters and years.
- Over the years, the net profit of the company has increased continuously.
- Over the years, the sales of the ITC company have been increasing continuously.
- In the recent quarters, the earnings of the company have been flat i.e. no improvements.
- The profit margin of the ITC Ltd company is above the industry median but the company is not above the industry median.
- In the December 2023 quarter, FIIs and DIIs slightly decreased and increased their holdings.
Quarterly Results
Sales: In the December 2023 quarter, the sales of the company increased from 17,774 to 18,019.
Net Profit: In the December quarter the net profit of the company also increased as compared to the September 2023 quarter. The net profit increased from Rs. 4,965 Crore to Rs. 5,407 Crore.
Thumb Rules for Investing
If you are an investor and want to book maximum profit on your investments then you have to follow some basic rules that are shared by many experienced investors from all over the world.
Not only in maximizing the return on your investments these rules also help you to book loss or profit at right so, that you can make more profit and decrease losses in the worst market crash.
Note: There are not sufficient rules that will make you high-level investors. In different stocks and sectors, there are multiple factors investors proper to check before investing in stocks. These things come from knowledge and experience.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. If you invested all the money in one sector, you’ll be in a huge loss if the sector faces any issue.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
ITC Share Price Target
In recent years ITC stock has given a massive return and still it is very bullish as of now. According to the experts, the move is not over yet. It may take some time to rest or profit booking but in the next few years, ITC’s share price target of 2024, 2025, and 2026 can be massive.
ITC’s share price target can take a long time to achieve as ITC announced the demerger of ITC Hotel. In the demerger, the investors who have 10 shares of ITC will get 1 share of ITC Hotel. The news can only impact in the short term but not in the long term as ITC is also involved in many businesses.
Disclaimer: We are not SEBI registered and the below-given share target price by brokerage firms, analysts (share price forecast), and analysis by us is only for educational purposes, not any buying or selling recommendation. We will be not responsible for any profit and loss.
ITC Share Price Forecast
As per the price price forecast based on the experts ‘ recommendations, the stock is very bullish. Not only analysts but also some brokerage firms also given a buy signal for the ITC share price target for 2024. As of 11 March 2024, ITC is trading near Rs. 416.
| Estimate | Targets | Target in % |
|---|---|---|
| Minimum | ₹430 | 3.38% |
| Average | ₹502 | 20.78% |
| Maximum | ₹585 | 40.63% |
Brokerage Firm Research
As of now, 3 brokerage firms have been given a buy target for the ITC limited stock. The targets were given a few months when the stock was trading near Rs. 450. Now it is available at a lower price i.e. trading at Rs. 416 from the given buying price or range.
| Date | Broker | Signal | RECO Price | Target Price |
|---|---|---|---|---|
| 12 Dec, 23 | Sharekhan | Buy | ₹453.10 | ₹515 |
| 13 Dec, 23 | Motilal Oswal | Buy | ₹455.60 | ₹535 |
| 12 Dec, 23 | Prabhudas Lilladher | Accumulate | ₹453.10 | ₹492 |
ITC share price target 2024
In the last 2 years, the ITC has given more than 125% return which is an unbelievable return but before that time the ITC company stock was consolidating due to the several impacts on the business from many things.
As of now, the ITC is looking very bullish and there are very high chance the stock can make another new all-time high. At the all-time high of the stock, a massive profit booking happened as a result of the stock fall but now again the stock is near to its all-time high.
ITC share price target 2025
If you are planning to invest in the stock for the long term then it is not a good idea. As you can see the ITC stock PE Ratio is very high, a high PE ratio indicates that the stock is overvalued.
An overvalued stock does not mean the investors have a lot of expectations from the stock i.e. good profit growth in the future. In case, if the company does not get profits then the sock can fall very badly.
There is no doubt that the stock is very good for the long term but the problem is there is also very high risk. You can invest in the stock in SIP mode or different levels using technical analysis to get profits or good returns.
In 2024, if the stock gives good results so, we can see a target of Rs. 600 to Rs. 650.
ITC Share Price Target 2026
As of now, the stock ITC stock is down by approx 18% from its all-time high. It can be a good opportunity for investing in the stock for the long term.
As the analysts and brokerage firms are also bullish on the stock can be given a buy signal with a very high price target in the short term to medium term. You can check the share price forecast target and brokerage research target above.
Hope you know that the stock market is already near its all-time high and in the short term the stock market can fall 10% to 20% in 2024 according to the news and experts. But there is also a chance that from this level the stock market can also go up and create a new all-time high again.
In a few words, you should invest in SIP mode and not wait for any correction to buy the stock at the bottom. As it is nearly impossible to buy any stock button.
FAQs
In 2025, according to experts, the expected share price target of ITC stock is Rs. 700 to 800.
As of now, the stock is trading near its all-time high. You should only buy any stock when it is available at least a 10 – 15% discount. While buying any discounted stock make sure everything is right in the stock.
Yes, you can buy as the business model of the stock is good and the future of the stock is also good. While buying any stocks, make sure you are buying them at a discounted price and with a proper analysis of the stock and its business.
Final Words: According to the experts and a lot of investors the ITC stock is very good for the long term. By investing strategically anyone can make a good profit in the upcoming years. The stock also gives very high dividends so, you’ll get some extra money too from the stock. ITC’s share price target for 2024, 2025, and 2026 is very attractive.