ITC Ltd share price target 2024, 2025, 2030, 2040 and 2050 (updated)

In this article, we delve into a comprehensive analysis of ITC Ltd share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

About

ITC, short for the Imperial Tobacco Company of India Limited, was founded in 1910. It stands as the leading manufacturer and seller of cigarettes in the country, commanding a substantial market share of nearly 75%. The company operates across five key sectors, including FMCG-Cigarettes, FMCG-Others, Agriculture, Hotels Business, and Paperboards and Pencils.

Founded	1910
Listing Date	1st April 1974
NSE Symbol	ITC
Chairman & MD	Sanjiv Puri
Sector	FMCG (Cigarratte, hotels, packaging, agri business and others)
Headquarters	Kolkata, West Bengal

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Financial Details

With a substantial market capitalization of ₹5,84,420 Crores, it boasts a favorable stock Price-to-Earnings (P/E) ratio of 29.0, which shows that stock might be overvalued at current price.

The Return on Capital Employed (ROCE) stands at an impressive 39.0%, showcasing the company’s efficiency in utilizing capital for generating returns. Return on Equity (ROE) is notable at 29.1%, reflecting strong profitability in relation to shareholders’ equity.

Crucially, the company maintains a debt-free status, with a debt-to-equity ratio of 0.00, and reports no debt, underscoring a healthy financial position.

Foreign Institutional Investors (FII) have a substantial stake at 43.3%, while Domestic Institutional Investors (DII) hold 42.0% of the company.

The Earnings Per Share (EPS) is reported at ₹16.2, lower than industry average of ₹85.

Additionally, the company has demonstrated sales growth of 1.47%, with longer-term perspectives revealing robust growth over the past 3 years (12.8%) and 5 years (10.3%).

Market Cap	₹ 5,84,420 Cr	Stock P/E	29.0
ROCE	39.0%	ROE	29.1 %
Debt to equity	0.00	Debt	₹ 284 Cr
FII Holding	43.3 %	DII Holding	42.0 %
EPS	₹ 16.2	Sales growth	1.47 %
Sales growth 3 years	12.8 %	Sales growth 5 Years	10.3 %

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Financial Statement

Particulars	2023	2022	2021
Net Sales	70,919	60,645	49,257
Expenses	45,215	40,021	32,193
Profit After Tax	19,477	15,503	13,383

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Technical Analysis

ITC Ltd has maintained a trading range between ₹440 and ₹480 for the past three months, indicating a period of consolidation. The company may continue consolidating further before potentially experiencing an upward breakout. Potential support levels are anticipated around ₹418 to ₹422. Observing certain price action patterns such as a double bottom, head and shoulders, or a fake breakdown that traps sellers could precede an upward movement. If these signals align, the stock might embark on an upward trajectory from ₹418, aiming for ₹500 by the end of the year.

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Table of ITC Ltd Share Price Target

As of 26 Jan 24, current price of ITC is ₹ 456.

Year	Min Target	Max Target
ITC share price target 2024	₹480	₹500
ITC share price target 2025	₹523	₹549
ITC share price target 2026	₹560	₹588
ITC share price target 2027	₹600	₹630
ITC share price target 2030	₹737	₹774
ITC share price target 2040	₹1,111	₹1,167
ITC share price target 2050	₹2,531	₹2,658

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ITC share price target in 2024:

• Minimum Target: ₹480
• Maximum Target: ₹500

In the upcoming year, the company is anticipated to maintain a price range between ₹480 and ₹500.

ITC share price target in 2025:

• Minimum Target: ₹523
• Maximum Target: ₹549

Moving into 2025, the projected price range widens, reaching between ₹523 and ₹549.

ITC share price target in 2026:

• Minimum Target: ₹560
• Maximum Target: ₹588

Further into the future, specifically in 2026,the anticipated price range expands to ₹560 to ₹588.

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ITC share price target in 2027:

• Minimum Target: ₹600
• Maximum Target: ₹630

By 2027, the company’s share price is expected to aim for a range of ₹600 to ₹630.

ITC share price target in 2030:

• Minimum Target: ₹737
• Maximum Target: ₹774

Looking ahead to 2030, the minimum and maximum targets extend to ₹737 and ₹774, respectively.

ITC share price target in 2040:

• Minimum Target: ₹1,111
• Maximum Target: ₹1,167

In the long term, by 2040, the company is anticipated to potentially reach a price range between ₹1,111 and ₹1,167.

ITC share price target in 2050:

• Minimum Target: ₹2,531
• Maximum Target: ₹2,658

Projected into 2050, the minimum and maximum targets suggest a potential price range of ₹2,531 to ₹2,658.

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Positive and Negative Points of ITC Ltd

Positive

• The company is almost debt free.
• Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
• Largest Tobacco (cigarette) producer with 75% market share in India.
• 40% revenue comes from addiction based product (cigarette)

Negative

• The company has poor sales growth of 1.4% in last years.
• The company has poor sales growth of 10.3% in last 5 years.

Disclaimer

Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.

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