fmcg

ITC Limited

ITC · Nifty 50

290.75

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

ValuationPE 17.3 (44%ile of 5Y range 17-28). Trading near median.
Sector Positionfmcg sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score85/100 (STRONG). 1 positive flags, 3 concerns.
Historical Context160 similar technical setups. Average outcome: -7.2% decline. 0% positive.
Revenue TrendRevenue declining at -5.0% YoY. Revenue declining — -5.0% YoY

Fundamental

85/100

STRONG

Trust

95/100

Verification

Coverage

89/100

HIGH

Quick Take

ITC Limited scores 85/100 on fundamentals (strong). ITC Limited: PE below historical average. BROAD EXPANSION regime.

Fundamental Score: 85/100 · STRONG · 1 signals detected

DuPont Analysis

ROE 28.3% broken into three drivers. Each shows how efficiently the company generates returns.

ROE28.3%=
26.0%Net Margin
×
0.8xTurnover
×
1.3xLeverage

ROE of 28.27% is strong efficiency-driven and stable. Net margin of 26.0% × asset turnover of 0.84x × leverage of 1.3x.

What This Means

Net margin of 26.0% means the company keeps ₹26.0 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 0.84x means the company efficiently uses its assets to generate revenue. Leverage of 1.3x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.

Margin Structure

Gross

58.4%

Operating

35.4%

Net

26.0%

improving

Gross margin 58.4% → operating margin 35.4% → net margin 26.0%. Margins are IMPROVING. Strong pricing power with stable gross margins suggests the improvement is from operating leverage — sustainable.

Financial Health

Earnings Quality

WEAK

Cash flow only covers 0.9x of net income — earnings quality is WEAK. Profit may not be converting to cash. Check receivables and inventory.

Debt Sustainability

COMFORTABLE

Interest covered 329.7x — very comfortable. Debt service is not a concern. Debt/EBITDA at 0.1x is low — balance sheet has capacity.

Free Cash Flow

STRONG

FCF margin at 20.6% — strong cash generation. Business is self-funding.

Peer Comparison

ITC Limited is compared against 10 peers in the fmcg sector.

Key Watchpoints

🟢

Breaks above ₹305 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹276 (-5%)

Further downside risk

🟡

PE reverts to 5Y median of 17.3

Valuation normalization

🟢

Fmcg sector entering leadership

Sector rotation signal

Detected Patterns

➡️ Leverage Slowly Rising: Debt growing faster (742.2%) than equity (3.5%)

Risk Flags

🔴 1 Critical⚠️ 2 Warning1 Positive4 total flags
🔴Cash covers only 4% of current liabilities
Balance Sheet

Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.

⚠️89% of debt is short-term
Balance Sheet

High refinancing risk. Company needs to roll over debt frequently. Vulnerable to credit market freezes.

⚠️Overall governance risk: 8/10
Governance

Elevated risk score. Review audit, board, and shareholder rights metrics.

Minimal unusual items — clean earnings
Earnings Quality

Profits are from core operations, not one-offs. High quality.

⚠️ 1 critical + 2 warning flags. Exercise caution.

Data Quality

95/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)
⚠️ Our margin analysis (improving) contradicts news reports of margin pressure — investigate

50 articles scanned for fundamental themes

Facts

P/E Ratio
17.3HIGH
P/B Ratio
4.9HIGH
ROE
29.3%HIGH
Market Cap
₹35721516.2L CrHIGH
From 52W High
68% of high
Promoter Holding
27.2%MODERATE
Institutional
52.8%
Sector Peers
10
ITC Limited Stock Analysis, Valuation, Fundamentals & Intelligence | FynSight