Itc Limited Stock Market Trading
ITC Limited is a leading Indian
ITC Limited is also listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). In this article, we will discuss ITC Limited's stock market details, including its history, financial performance, and future prospects.
History of ITC Limited:
ITC Limited was established in 1910 as the Imperial Tobacco Company of India Limited. It was initially engaged in the production and sale of tobacco products. Over the years, the company diversified its business interests and ventured into new areas such as FMCG, hotels, paperboards and specialty papers, packaging, agribusiness, and information technology.
In 1975, the company was renamed ITC Limited to reflect its diversified business interests. Today, ITC Limited is one of the largest conglomerates in India with a market capitalization of over Rs. 3,00,000 crore.
Financial Performance:
ITC Limited's financial performance has been impressive over the years. The company has reported strong revenue growth and profitability, which has translated into strong stock market performance. The company's revenue has grown at a CAGR of 11.4% over the last five years, from Rs. 51,582 crore in 2016 to Rs. 62,202 crore in 2021.
The company's profitability has also been strong, with the company reporting a net profit of Rs. 13,996 crore in 2021, up from Rs. 12,643 crore in 2016. The company's earnings per share (EPS) have also been growing steadily, with the EPS increasing from Rs. 7.02 in 2016 to Rs. 10.74 in 2021.
ITC Limited's stock market performance has also been strong over the years. The company's stock price has grown at a CAGR of 12.5% over the last five years, from Rs. 236 in 2016 to Rs. 266 in 2021. The company's market capitalization has also grown significantly over the years, from Rs. 2,34,103 crore in 2016 to Rs. 3,00,515 crore in 2021.
Future Prospects:
ITC Limited's future prospects look promising, given the company's strong financial performance and diversified business interests. The company has been focusing on its FMCG segment, which has been growing at a rapid pace. The FMCG segment contributes around 25% to the company's total revenue, and the company has been focusing on expanding its presence in this segment.
The company has also been focusing on its hotel business, which has been impacted by the COVID-19 pandemic. However, the company's hotels are expected to recover once the pandemic subsides, and travel restrictions are lifted.
The company has also been focusing on its agribusiness segment, which has been growing at a rapid pace. The agribusiness segment contributes around 8% to the company's total revenue, and the company has been focusing on expanding its presence in this segment.
Conclusion:
ITC Limited is a leading Indian conglomerate with a diversified business portfolio. The company's strong financial performance and diversified business interests make it an attractive investment option for investors. The company's future prospects look promising, given the company's focus on its FMCG and agribusiness segments, which are expected to grow at a rapid pace in the future. Overall, ITC Limited is a good investment option for investors looking to invest in a well-established Indian conglomerate.
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