ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 213184.76 Crore) operating in Tobacco sector.
Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 13.1 per cent, DIIs 43.5 per cent and public and others 43.5 per cent.
Motilal Oswal has given a neutral rating to ITC with a target price of Rs 185. The share price moved down by 0.03 per cent from its previous close of Rs 173.95. The stock’s last traded price is Rs 173.90.
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 213184.76 Crore) operating in Tobacco sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 13147.81 Crore, up 35.24 % from last quarter Sales of Rs 9722.04 Crore and up 3.04 % from last year same quarter Sales of Rs 12759.44 Crore Company reported net profit after tax of Rs 3418.69 Crore in latest quarter.
Investment Rationale The brokerage values ITC at 14x Sep’22E EPS, at ~20% premium to global peers’ average one-year forward multiple (Philip Morris at ~14x and BAT at ~9x), to arrive at TP of INR 185.
Promoter/FII Holdings Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 13.1 per cent, DIIs 43.5 per cent and public and others 43.5 per cent.
