[ad_1]
Time interval given by analyst is one yr when ITC Ltd. worth can attain outlined goal.
ITC Ltd., included within the yr 1910, is a Massive Cap firm (having a market cap of Rs 272022.24 Crore) working in Tobacco sector.
ITC Ltd. key Merchandise/Income Segments embrace Packaged Meals Merchandise, Agricultural Merchandise, Paper & Paper Boards, Others, Service (Resort), Tobacco Unmanufactured, Printed Supplies, Different Working Income for the yr ending 31-Mar-2020.
Financials
For the quarter ended 30-09-2021, the corporate reported a Consolidated Whole Revenue of Rs 15313.15 Crore, up 4.26 % from final quarter Whole Revenue of Rs 14687.80 Crore and up 11.53 % from final yr identical quarter Whole Revenue of Rs 13730.06 Crore. Firm reported internet revenue after tax of Rs 3763.73 Crore in newest quarter.
Funding Rationale
The earnings estimates are unchanged. The brokerage maintains ADD with a DCF-based goal worth of Rs250. On the goal worth, the inventory will commerce at 18x P/E a number of Mar’23E. Key draw back danger is tax hikes a lot forward of inflation resulting in quantity stress (on cigarettes).
Promoter/FII Holdings
Promoters held 0 per cent stake within the firm as of 30-Sep-2021, whereas FIIs owned 13.59 per cent, DIIs 40.94 per cent.
(Disclaimer: Suggestions given on this part or any experiences hooked up herein are authored by an exterior social gathering. Views expressed are that of the respective authors/entities. These don’t symbolize the views of Financial Occasions (ET). ET doesn’t assure, vouch for, endorse any of its contents and hereby disclaims all warranties, specific or implied, regarding the identical. Please seek the advice of your monetary adviser and search impartial recommendation.
[ad_2]
Source link
