ITC Share Price Target 2024, 2025, 2030, 2040, 2050
It is an Indian company set up in Kolkata. It makes multiple products.
They produce paper and packaging materials and deal with agricultural products like wheat, rice, spices, coffee, soybeans, and tobacco. The maximum revenue came from tobacco.
What is ITC Ltd NSE: ITC?
Contents
ITC Ltd. is an Indian private company that makes cigarettes, tobacco, personal care items, stationery, safety matches, incense sticks, and packaged foods like snacks, dairy products, beverages and many more products.
ITC also runs hotels and restaurants, makes speciality paper and packaging materials, and exports agricultural products like grains, fruits, coffee, and seafood. So the company has multiple products mainly, food items for consumers.
It doing great business in India for 116 years. As a result, its profits are growing, attracting more investors. Its market value is currently about Rs 5,30,000 crore. Experts say it has returned about 42% in the past year. in the year 2024, ITC Limited’s shares are expected to perform well. The price target per share should be 600 rs.
| Year | Minimum Price | Maximum Price |
| 2024 | 370 | 600 |
In 2024 the company faced some problems because of the heavy tax. Due to the increase in tax by the Government of India, the company has been affected a lot, due to which the company is facing some losses. But as the fundamentals of this company are very strong there is not any major decline seen in the company’s shares.
This company is considered to be the third largest company in the world in tobacco production, due to which Indian as well as foreign investors are showing a lot of interest in it, due to which its price has seen a huge jump in the last few years. So the target price for the year 2025 will probably be 1020 rs.
| Year | Minimum Price | Maximum Price |
| 2025 | 700 | 1020 |
As the company performing well, its revenue is increasing by 20% per year. Also, the total income has increased in the last year. Right now, foreign investors own 40% of the company, Which shows a bright future. ITC is expanding its tobacco business and has started working in agriculture and paper production, which attracts people to invest. It also has entered the hotel management business. So for the 2030, the price target will be 2700 rs per share.
| Year | Minimum Price | Maximum Price |
| 2030 | 2200 | 2700 |
So if you want to invest for a long time in any company then this company is good for you because this company work in different areas and gives very good returns to its investors. The company’s fundamentals are very strong so, in the long term, there are maximum chances for profits. The company gave approx. 70% return in 5 years, so there is potential in its stock. The price target could be 6500rs.
| Year | Minimum Price | Maximum Price |
| 2040 | 5000 | 6500 |
In the last 2 years, ITC has given very good returns, doubling or tripling their money. There might be some doubt about whether the company will keep giving such returns in the future, but if you want to invest for a long time, you can still do it. You can earn good returns in the long run. Investors trust the company because it has always had strong fundamentals. It operates in many industries, this strength might also show in its charts in the coming years. So you can expect the target of 14000 rs per share in the year 2050.
| Year | Minimum Price | Maximum Price |
| 2050 | 12000 | 14000 |
Price Summary
| Year | Minimum Price | Maximum Price |
| 2024 | 370 | 600 |
| 2025 | 700 | 1020 |
| 2030 | 2200 | 2700 |
| 2040 | 5000 | 6500 |
| 2050 | 12000 | 14000 |
Should I Buy ITC Stock?
It is the business which is growing as time passes. As of the current behavior, this company likely achieve 15% annual earnings growth over the next few years. With a dividend yield of around 3%. ITC has a diverse portfolio that includes various businesses so there is very little chance for the company to be at a loss. Also, the company has strong fundamentals so for the long term you can take risks on this stock.
ITC Ltd Earning Results
Quarterly – ITC Q4 Results
*All figures in crores except per share values
| Fiscal Period | Mar 24 | Dec 22 | QoQ Comp | Mar 23 | YoY Comp |
| Total Revenue | 19,446.49 | 19,020.65 | -0.20% | 19,058.29 | 2.04% |
| Selling/ General/ Admin Expenses Total | 1,557.95 | 1,446.71 | -1.79% | 1,442.81 | 7.98% |
| Depreciation/ Amortization | 461.44 | 447.11 | 0.43% | 461.40 | 0.01% |
| Other Operating Expenses Total | 3,151.49 | 2,657.57 | 9.15% | 2,797.53 | 12.65% |
| Total Operating Expense | 13,283.76 | 12,763.06 | -1.20% | 12,822.82 | 3.59% |
| Operating Income | 6,162.73 | 6,257.59 | 2.05% | 6,235.47 | -1.17% |
| Net Income Before Taxes | 6,837.46 | 6,853.97 | 2.23% | 6,850.54 | -0.19% |
| Net Income | 5,120.55 | 5,006.65 | -4.02% | 5,175.48 | -1.06% |
| Diluted Normalized EPS | 4.10 | 4.03 | -3.81% | 4.10 | -0.03% |
Is ITC Stock Good to Buy? (Bull case & Bear case)
Bull Case:
- It not only sells tobacco, it also sells popular consumer goods, runs hotels, and does packaging. This mix can help it stay strong even if one part of the business struggles.
- Products like Aashirvaad and Bingo are well-liked and owned by this company.
- They have a big network to quickly get products to stores across India.
- They usually pay good dividends, which is nice for investors who like regular income.
Bear Case:
- Their tobacco business faces rules and taxes that can hurt how much money they make.
- Many companies sell the same kinds of goods, so it’s hard for ITC to keep growing.
- Selling consumer goods might not make as much profit as some other types of businesses.
Conclusion
We have given you the main details which you should know before investing in this stock. It has many different businesses and well-known brands, which is good. But there are challenges, like selling tobacco has lots of restrictions, lots of competition in selling products, and how the economy might affect sales. But if we compile its financial status then the company is profit-making.
