Friends, today in this article we are going to tell you about a company which is working in many business cigarette segments. Investing in a company that is doing different types of business is considered very wise. Because the risk of losing money in this type of company is very less.
Today in this article we will tell you about ITC Limited Company and we will give you all the information related to the company. We will also tell what the ITC share price target in will be future 2023, 2024, 2025, 2026, 2030, 2040.
ITC Share Price Target 2023?
ITC company was established on 26 August 1910. The full name of this company is India Tobacco Limited Company. The head quarter of the company is located in Kolkata. This company mainly deals in cigarette manufacturing. Apart from this, the company manufactures many other products. ITC Limited Company is a large capital company.
The market value of this company is Rs 5,68,318 crore. In the last financial year, the company gave more than 40 percent returns to its investors. Despite the decline in the market, the company’s share prices have continued to rise. Due to which the company’s sector P/E has become 44.04 and ITC P/E has become 24.58.
Read: – NHPC Share Target 2023 to 2040
ITC Share Price Target 2024?
The main product of the company is cigarettes. Since Corona, the company has earned good profits in the cigarette business. The demand for cigarettes is increasing significantly in India. This can be gauged from the fact that in the year 2022, 75% of the company’s total revenue will come from India only.
Apart from this, the company is also sending its products abroad. Due to which the business of the company is expanding very fast. Due to which the book value of the company has become quite good, currently the book value of the company is 50.64 and face value is 1.
ITC Share Price Target 2025?
The brand value of the company is quite good in the market. It is the only company with which more than 12 brands are associated. Due to which the profit margin of the company has become 34%. This is the only company in the stock market which has been giving good returns to its investors for a long time.
The company manufactures different types of products, out of which 80% of the products are for domestic use. Last year, the company’s revenue had increased by 20%, due to which the company had 4 times more profit. ITC is continuously performing well in the market. The company’s share price will be like this in future.
ITC Share Price Target 2026?
The company knows its fundamentals very well, hence the company is currently focusing on marketing its brand. The company’s target is to deliver more and more of its products to different countries of the world in the coming times. Due to the brand value of the company, the company is benefiting a lot financially. With this, the company’s Return on Equity (ROE) ratio has become 29.15 or Earnings per Share (EPS) 15.43, which is quite good. Going forward the share price of the company will be as follows.
ITC Share Price Target 2030?
The way the company has given returns to its investors in the last few years. Looking at it, it seems that the company will give similar returns in future also. If we look at the net profit margin of the company, it is currently 24.8%.
This is the only company in India which makes all types of products from biscuits to soap. Apart from this, the second biggest feature of the company is that the company is completely debt free. Being a debt free company, there is a high possibility of the company growing in the future.
ITC Share Price Target 2040?
ITC company initially used to work only in manufacturing cigarettes, after that the company gradually started expanding its products. Today this company is making everything used in home from biscuits to shampoo. Many big brands of India are associated with this company, due to which the brand value and market value of the company has increased a lot. For this reason, the company has maintained an operating profit margin of 28.80% for the last 5 years.
ITC Share Price?
This company can be called an all-rounder company, because this company makes 80% of the products which are for domestic use. Apart from this, the company also does the work of manufacturing cigarettes. Apart from India, cigarettes are in demand in many countries of the world. Apart from India, the company exports cigarettes to many big countries of the world. The products made by the company will always be in demand. The future of the company’s share price will be very good.
ITC Company Strength?
The company’s current lines and quick lines are quite good.
The company’s return on equity has remained at 29.15% for the last 4 years, which is quite good.
The company has maintained a healthy ROCE of 30.70% for the last 2 years.
The interest coverage ratio of the company is 290.20.
The company has a cash efficient conversion cycle of 12 days.
ITC Company Weakness?
The company’s profit has declined by 5.10% in the last 2 years.
The revenue of ITC Limited Company has also declined by 3.21%.
Our opinion will be the same for you, whatever company you are thinking of investing in. First of all, find out about the market position of the company. If we talk about this company, then this company is continuously performing well and the products made by the company are always in demand.
The company has good brand value. Due to which the company can grow further in future. If you want, you can invest in this company for short term or long term. This may prove beneficial for you.
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(Q) What does the ITC do?
Ans. The head quarter of the company is located in Kolkata. This company mainly deals in cigarette manufacturing.
(Q) ITC where is located?
Ans. Kolkata, India
(Q)When was the company established?
Ans. 26 August 1910