ITC Share Price Target 2022, 2023, 2025, 2028 2030

ITC Share Price Target 2022, 2023, 2025, 2028 2030: ITC has generated a lot of press over the past year just as a result of memes and jokes. The share price of ITC was constant throughout the past five years with relatively minor downward movement.

However, ITC is currently on the rise, and I know you’re interested in learning about ITC Share Price Target 2022, 2023, 2024, 2025, and 2030. We shall assess ITC Ltd. in this article today along with its advantages and disadvantages.

Additionally, we learn whether or not the investment in this company is profitable. ITC Share Price Target 2022, 2023, 2024, 2025, and 2030 are also included in this article.

ITC Share Price Target 2022, 2023, 2025, 2028 2030

The corporation was established on August 24th, 1910. Imperial Tobacco Company of India Limited was the company’s original name before being changed to India Tobacco Company Ltd. in 1970.

Later changed its name to I.T.C. Limited in 1974. The name of this business has been changed to “ITC Ltd,” where “ITC” is no longer an initial or an acronym.

The company’s corporate headquarters are in Kolkata, West Bengal. Currently, Mr. Sanjiv Puri serves as the company’s chairman and managing director, and Mr. Rajiv Tondon serves as chief financial officer.

ITC Ltd.’s Business Plan

ITC offers a variety of market categories. Cigarettes, FMCG, hotels, packaging, paperboards & specialty papers, information technology, and agri-business are among the industry segments.

The company’s traditional business of selling cigarettes has a monopoly-like level of control. ITC is also the top FMCG marketer in the nation and the undisputed market leader in the paperboard and packaging sector in India.

Although ITC’s primary source of income is its cigarette segment, other industries including FMCG, agri-commodities, paper, and hotels have made strides over time as well.

Principal Activities of the Business

FMCG: ITC is a prominent marketer in India’s FMCG industry. Foods, Personal Care, Education & Stationery, Safety Matches, Cigarettes, Lifestyle Retailing, and Agarbattis are among the products offered by ITC’s FMCG division. ITC also includes the infamous classmate notebook.

Classic Connect, Gold Flake Indie Mint, Gold Flake Neo SMART Filter, Wills Protech, Capstan Excel, American Club Smash, Gold Flake Kings Mixpod, Wave Boss, and Flake Nova were some of the cigarette brands that were present.

The company has numerous FMCG brands, including Aashirvaad and Bingo! Sunbean, Yippee!, Sunfeast Kitchens of India, Fabelle, Farmland, B Natural, ITC Master Chef, mint-o, GumOn, and Candyman are a few examples.

Essenza Di Wills, Dermafique, Neemwash, Vivel, Engage, Superia, Savlon, Fiama, Nimyle, Shower to Shower, and Charmis are a few personal care product brands.

Hotels: ITC also operates a line of upscale accommodations nationwide. More than 100 hotels and 70 locations are owned by the corporation nationwide. The business has created four different hotel brands: Towers, Executive Club, ITC One, and Eva.

ITC Hotels has established standards of excellence in the hotel industry for a variety of facilities, including cuisine, lodging, guest safety, and the environment. ITC Hotels has over 110 hotels in more than 70 destinations.

Manufacturing of paperboards and specialty papers: The business manufactures high-quality, environmentally friendly paperboards. It offers printing and packaging-related services.ITC is India’s second-largest exporter of agricultural goods.

Information Technology (IT) Services: ITC also offers IT services through ITC Infotech, its IT business sector. ITC Infotech provides services in all areas of technology.

ITC Share Price Target 2022

ITC Ltd. is a large-cap firm that operates in several industries. More than $3 billion in the company’s market capitalization. Over the past year, the company’s stock has returned more than 40%.

ITC P/E is 23.58 while the sector P/E is 45.04. It suggests that, unlike its competitors, the stock is still inexpensive. ITC has updated its business division-specific strategy. Additionally, management will look at M&A-related growth prospects and make bigger investments to boost exports.

In 2022, the market is down, but ITC stock is soaring. We have a 2022 ITC Share Price Target optimistic outlook.

ITC Share Price Target 2023

The tobacco industry generates the majority of the company’s earnings. Following Covid, the industry is making good progress in the cigarette area.

having already spent a significant portion of the CAPEX for hotels. ITC is currently aiming to incrementally optimize investments and boost hotel segment revenue and profitability.

The corporation has made strong investments in the FMCG industry over the past 20 years with an eye toward the future. This contains prepackaged goods like food, office supplies, personal care items, incense, and safety matches.

To expand the company’s portfolio, ITC has also completed a few inorganic acquisitions. It consists of the Savlon brand, which was recently acquired from Sunrise Foods and the Johnson & Johnson group. In light of all this development, we anticipate the company will grow successfully over the next few years.

ITC Share Price Target 2025

According to discussions with the media, the ITC board is aware of the demerger of ITC Ltd. A value unlocking in the ITC share is possible if the business is demerged.

The ITC Infotech division is the one that is least discussed. However, it has the greatest rate of growth and has greatly enhanced its value. Over the FY19–21 period, ITC Infotech’s revenue increased by 22% to Rs 2,454 Cr, while its net profit increased fourfold to Rs 451 Cr. The corporation has high hopes for ITC Infotech.

ITC Share Price Target 2030

ITC is a very nice, fundamentally sound corporation, though. However, there are some additional threats. So, you must consider all of these risks before investing in ITC.

These dangers include being heavily dependent on the cigarette industry and ESG issues. In addition to taking risks, the corporation has also made some wise decisions, such as enhancing its technological edge, launching new products, and broadening its distribution network.

We are quite hopeful about the company’s prospects for the future, and ITC has set the following goals for 2030:

Advantages of the Business

Financial Capability:

• Strong current ratio and excellent quick ratio.
• 6.35 shares of free cash flow per share.
• Over the last three years, the company has maintained a respectable ROE of 24.39%.
• ITC has kept its ROCE at a respectable 30.86% for the last three years.
• The business is essentially debt-free.
• The business’s interest coverage ratio is a healthy 292.21.
• Over the past five years, the company has maintained effective average operating margins of 33.90%.
• A 12.45-day effective cash conversion cycle.
• The EPS is continuing to rise.
• ITC has a high operating leverage level; its average operating leverage is 13.13.

Other advantages

• ITC is the market leader for cigarettes in India.
• The company’s wide variety of products.
• Solid brand worth.

Issues with the Company

Financial Problems:

• Over the last three years, ITC’s profits have grown at a dismal rate of 5.11%.
• Over the last three years, the company has experienced subpar sales growth of 3.84%.

Additional Threats and Risks

• If the government raises taxes on the cigarette industry, this may lead to an increase in illicit sales of the product and may affect the company’s growth rates.
• Many investors that place a high priority on ESG values steer clear of ITC. The valuation of the company can decrease more if ESG approval spreads more widely.
• An inefficient use of capital.

ITC Ltd.’s shareholding composition.

ITC Share Price Target 2022, 2023, 2024, 2025, 2030

Conclusion

ITC is a reputable stock that is included in the NIFTY 50. This company has had a breakout, and analysts predict that this rise will change the game for the ITC stock.

ITC will pay you a high income in addition to producing good long-term gains. ITC’s management staff is skilled and experienced, and they keep growing the company. New ITC segments are also operating effectively.

Friends! This article covers the ITC share price targets for 2022, 2023, 2024, 2025, and 2030. Please share it on social media with your friends if you enjoy it. We welcome your insightful comments in the space provided below.

Disclaimer: We have only assessed the company briefly in this article. We aren’t SEBI-registered advisors, either. Regarding this stock, we haven’t given any investing recommendations. This article only serves educational purposes and is entirely subjective. Please do your research or get the advice of your financial advisor before making any investments.

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