ITC Ltd is the most popular and loved stock of millions of retail investors because of its high dividends, and business model and gained more than 250% in the last 4 years, and more. Analysts and brokers are currently bullish on the stock and given ITC share price target for 2024, 2025, and 2026.
If you are also looking for an opportunity to generate some return quickly from the stock then you are on the right page. It looks like soon the stock can move up in the short term and let’s see how the stock is for the long term.
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About ITC Ltd
ITC Ltd is engaged in multiple sector businesses FMCG, Hotels, Agri Business, Packaging, IT, and Paper. ITC was founded in 1910 and currently, its managing director is Mr. Sanjiv Puri.
ITC Ltd is usually known for being the largest cigarette manufacturer in India. But in sectors like paper and FMCG, the company has many brands that are very popular and highly used by consumers. Below are some more information about the ITC businesses-
FMCG
In the FMCG sector, ITC Ltd has more than 25+ brands that are becoming popular with time, and some brands like Aashirvaad, Yipppee, Savlon, Classmate, Bingo, and more are already popular among consumers.
ITC Ltd has categorized these products into several categories Foods, Personal Care, Education & Stationery, Agarbattis, Safety Matches, and Cigarettes.
You can explore each brand and product of each category on their official website if you want.
Hotels
In the hotel business, the ITC Ltd company is growing. ITC Hotel businesses is known for its luxury hotels in India. Below we mentioned some brands of ITC Hotels-
- WELCOMHOTEL
- STORII
- FORTUNE
- WelcomHeritage
- MEMENTOS
- and more…
Agriculture Business
In the agriculture sector, the ITC is one of India’s largest exporters. Currently, ITC exports a lot of products like-
- Coffee
- Feed Ingredients: Soyameal
- Marine Products: Shrimps and Prawns
- Food Grains: Wheat & Wheet Flour, Rice, Pulses, Barley & Maize
- Processed Fruits: Fruit Purees//Concentrates, IQF/Frozen Fruits, Organic Fruit Products
Paperboards & Specialty Papers
In the paperboards and specialty papers ITC Ltd is India’s largest player. They have many types of paper products for different purposes. You can read about these products on their official website.
Information Technology (IT)
ITC Ltd is also engaged in the IT sector business. The IT business of the company is known as ITC Infotech. In the business, the company provides services and solutions, and technology consulting to many industries like Banking & Financial Services, Healthcare, manufacturing, Consumer Goods, and more.
Packaging & Printing Business
In the packaging & printing business, the company is the largest player. In the business, the company converts 1,00,000 tonnes of paper, paperboards, and laminates into different types of packages to pack various types of products like foods, clothes, etc.
ITC Ltd’s Scrip Info
| NSE | ITC |
| BSE | 500875 |
| ISIN | INE154A01025 |
| SECTOR | Diversified |
Company Analysis
Below you’ll find ITC Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹5,190 |
| Sep 2023 | ₹4,965 |
| Dec 2023 | ₹5,407 |
| Mar 2024 | ₹5,191 |
| Jun 2024 | ₹5,177 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹15,593 |
| Mar 2021 | ₹13,383 |
| Mar 2022 | ₹15,503 |
| Mar 2023 | ₹19,477 |
| Mar 2024 | ₹20,751 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹6,23,799Cr | ROE | 27.46% |
| P/E Ratio (TTM) | 30.51 | EPS (TTM) | 16.35 |
| P/B Ratio | 8.37 | Div. Yield | 2.75% |
| Industry PE | 30.64 | Book Value | 59.58 |
| Debt to Equity | 0.00 | Face Value | 1 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | 43.34% | 43.26% | 40.95% | 40.47% |
| DIIs | 41.94% | 41.98% | 43.76% | 44.02% |
| Public | 14.68% | 14.71% | 15.23% | 15.47% |
| Promoters | 0.00% | 0.00% | 0.00% | 0.00% |
| Other Holders | 0.04% | 0.04% | 0.04% | 0.04% |
Key Insights
- ITC Ltd is almost debt-free.
- The company is making profits continually.
- In the ITC Ltd stock, there are 0 promoter holdings.
- From the last 3 quarters, FIIs are selling their holdings.
- The company is giving good dividend payout to its investors.
- The profit margin of the company is above the industry median.
- Mutual Funds increased their holdings by 1.9% in the recent quarter.
- For the last 4 years, the net annual profit of the company has been increasing continuously.
- In the Jun 2024 quarter, the net profit is slightly low compared to the previous quarter.
Quarterly Result – June 2024
From the past 6 to 8 quarters the FIIs were increasing their holding but in the June 2024 quarter, they decreased their holdings by 0.48%.
In the June 2024 quarter, the ITC’s net profit was Rs. 5,177 Crore which is less than its previous quarter because of the higher tax. ITC’s profit before tax is Rs. 6,930 Crore in the quarter.
The ITC’s sales of the quarter is 18,457 which is very close to all-time high sales. Probably in the upcoming quarters, the record will be broken.
ITC Share Price Target
The company’s Business model, financials, fundamentals, etc. is strong. As a result, the ITC share price target for 2024, 2025, and 2026 is profitable for the investors. As of 21 August, the stock is trading at Rs. 504, about 13% down from its all-time high. But as per technicals, the stock is bullish and probably will go up soon.
From the last 3 quarters, the FIIs are also selling their holdings in the ITC stock but DIIs are increasing their holdings in the stock as well. It is just profit booking in the stock as it gave huge returns in the last few months.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹525 | ₹550 |
| 2025 | ₹550 | ₹570 |
| 2026 | ₹750 | ₹800 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
ITC Share Price Target 2024
ITC share price is at a makeover level, from this level the stock can fall or go near its all-time high. A high chance is that the stock will go up as all the technical indicators and price action also suggest a bullish move in the stock.
Not only technicals and price actions but also brokers and analysts are also bullish on the stock in the short term. In August month some brokers and analysts gave ITC share price target of Rs. 525 – Rs. 550 for the year 2024. From the current training price, the target is approx 8% to 10% up. It is a good target for any stock in the short term.
ITC Share Price Target 2025
Each year, the sales of almost all ITC Ltd’s products are increasing rapidly. In the same sector like paper, hotel, agriculture, packaging, etc. ITC Ltd is one of the largest companies in India.
It means if any unexpected event does not happen then the sales, earnings, and profits of the company will keep increasing. This is because the demand for paper, agricultural products, etc. is never slow. But it does not mean the stock will keep movies up with its earnings.
In the year, we are not expecting any big target because the stock is already near its all-time high, and very soon it will create a new fresh all-time high. ITC’s share price target for 2025 is expected to reach nearly Rs. 550 to Rs. 570.
ITC Share Price Target 2026
ITC’s share price target for 2026 or the long term is positive from this level because there are very high chance the stock can minimum give 20% return in the year very smoothly. If you know, how to manage positions, when to sell, how to add more quantity, etc. then you’ll be able to make good returns.
For the long term like the year 2026 or above the ITC stock is never going to disappoint you. There are several reasons the company is debt-free, one of the largest players in many sectors, has highly demanded products, etc. So, if the company profits keep rising then you can expect targets in ITC share price near Rs. 750 to Rs. 800.
ITC Share Price Forecast
Analysts and brokers are very bullish on the ITC Ltd stock because of its continuously rising profits, and sales, and the company is getting stronger every day.
More than 90% of analysts and brokers are bullish and some brokers also given the target of the stock for the short term.
Broker Research: In March 2024, Sharekhan has given a target of Rs. 515 for the stock in the short term.
Forecast Current Price: Rs. 436 (26 May)
- Minimum Estimated Target: Rs. 435.00
- Average Estimated Target: Rs. 497.85
- Maximum Estimated Target: Rs. 585
FAQs
ITC Ltd is involved in many businesses FMCG, Paper, IT, Packaging, Agriculture, and Hotels.
In the FMCG business, the company has dozens of brands and some are very popular and the consumers are other brands are gaining popularity with time.
In many other sectors like agriculture, paper, and packaging it is one of the largest companies.
You can read about the business in detail above.
As per the share price forecast, the target of the ITC Ltd stock is very high. Approx 34 analysts have given a rating on the stock. More than 90% of analysts are bullish on the stock.
Forecast Current Price: Rs. 436 (26 May)
Minimum Estimated Target: Rs. 435.00
Average Estimated Target: Rs. 497.85
Maximum Estimated Target: Rs. 585
After a few weeks of fall, the ITC share price reversed showing strength. It means the ITC stock is becoming bullish and most probably in the upcoming few months the stock can go near its all-time high or can also make a fresh all-time high. As per analysis, the stock can go near Rs. 515 in 2024.
Final Words
ITC is involved in various businesses and in most of the businesses it is one of the top companies. Many investors also invest in the ITC stock to get some dividend which is an extra source of income. Currently, the stock is very bullish, if you are an investor or already invested the ITC share price target for 2024, 2025, and 2026 may help you to generate more return as you know the targets.
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