ITC Share price target: One of the leading tobacco business in India ITC holds the 6.1% of the total distribution in confectionery market. ITC is a monopoly player in cigarettes business in India. Most of the tobacco products like Flake, Gold flake, Navy cut, etc. are popular from ITC brand. It is also the second largest FMCG company in India, just after Hindustan Uniliver. ITC operates in several markets. Appart from FMCG, it operates in hotel, paperboard, and packaging industry too.
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Basic information about ITC Ltd.
| Share name | ITC Ltd. |
| Market cap | ₹ 5,40,964 Cr. |
| Stock P/E ratio | 26.4 |
| ROE | 29.1 % |
| ROCE | 39% |
| Dividend Yield | 2.93% |
| Face value | ₹ 1.00 |
| Book value | ₹ 55.40 |
| Current Price | ₹ 433 |
Also read: Suzlon Energy share price target 2025, 2030
PROS of ITC Ltd.
- ITC has lower debt, almost debt-free company.
- ROE track record over the last three years is pretty good.
- 98% dividend payout history.
- The working capital of the company has been reduced from 29.1 days to 20.1 days, it’s a good sign.
CONS of ITC Ltd.
- The book value shows that it is being traded in 7.8x times higher.
- The sales growth has been consistently lower.
By the end of December 2024, ITC Ltd. share price can average anywhere between ₹ 489.5 to ₹ 498.1. Though, it’s maximum price can go up to ₹ 560.0 and it can even go as low as ₹ 467.29.
By December 2025 end, ITC share’s average price can be around ₹ 495.22. According to data analysis and market research, it’s higher price can be ₹ 549.1 and it can go as low as ₹ 481.2.
Also read: IEX share price target
If the FMCG sector can give good ROI, then ITC share price by 2030 will average between ₹ 519.9 to ₹ 540.8. It’s maximum price can go up to ₹ 590.1 by 2030. Although, it can go as low as ₹ 501.0.
The year 2035 can be a turnaround year for its investors. With market condition and the fluctuation as well as demands of the products, ITC share price target for 2035 will be around ₹ 598.2 with its highest value can go up to ₹ 670.2 and can go as low as ₹ 529.7.
Though, it is very difficult to predict market condition for the year 2040 from now. Let’s assume the bull run will stay as it is and certain factors that allows liquidity in the market remain as it is, then ITC share price target for 2040 will be between ₹ 729.1 to ₹ 780.0. Its higher side target will be ₹ 798.2 and lower side target will be ₹ 682.0.
Some FAQs on ITC Stock Fundamentals
ITC is one of the best share to buy for long term in NSE. Though, it is very important to remember that every sector has its advantages and disadvantages. ITC is the second biggest FMCG sector contributor in India.
According to market data and price charts, ITC share’s average price should be around ₹ 495.22 by 2025. The higher price target can be around ₹ 549.1 and it can go as low as ₹ 481.2.
ITC share’s price to earning (P/E) ratio, by April 2024, is 26.4.
Yes, ITC share is one of those fundamentally strong shares that you can buy for long term. Remember, stock price depends upon different market conditions and fluctuations.
Shekhar Chatterjee is an investor, trader, stocks analyst, and a blogger who loves to share price predictions, based on particular business P&L, financial data, balance sheets, and Technical charts using RSI, MACD, SMA200 and all.
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