Sunday, July 16, 2023

ITC share price in 2024, 2025, 2030, 2040, 2045, 2050

If you search "ITC share price " for upcoming years you can in the right place, before we dive into ITC share price targets, let us understand the ITC company background and ITC share fundamentals.

ITC Company Background Details

ITC LTD, formerly known as Imperial T Company of India Limited, is a leading conglomerate headquartered in Kolkata, India, founded in 1910, ITC has grown to become one of the country's most diversified companies, with a presence in multiple sectors such as hotels, paperboards, packaging, agribusiness, and information technology.

In the early years, ITC primarily focused on the tobacco industry and played a significant role in establishing its parents' company, however, over time, the company strategically diversified its business portfolio to reduce dependence on its own products and expand into new sectors, this diversification strategy has been a key factor in the company's sustained growth and success.

ITC's commitment to sustainable development and corporate governance sets it apart, the company is known for its strong emphasis on environmental stewardship, social responsibility, and inclusive growth, and it has implemented numerous initiatives in areas like water conservation, renewable energy, and rural development, making a positive impact on communities across India.

Today, ITC operates through multiple business divisions, including fast-moving consumers goods (FMCG), Hotels, Paperboards and Packaging, Agri Business, and information technology, some of its well-known brands include Aashirvaad, Sunfest, bingo, classmate, and ITC hotels,

With a strong focus on innovation, quality, and customer satisfaction, ITC continues to be a major player in India's corporate landscape, contributing to the country's economic growth while upholding its core values of sustainability and responsible business practices.

ITC Company Fundamentals

Let's look at the ITC Company fundamentals for a better understanding of these company concepts.

Market Capital - 5.88.819 Cr

Stock P/E - 30.8

ROCE - 39.2%

ROE - 29.1%

Face Value - 1.00

Net profit - 19.477 Crores (March 2023

ITC Company Share Pros and Cons

PROS
  • The company is almost debt free.
  • The company has a good return on equity (ROE) track record: 3 years ROE 25.0%
  • FIIS holding the increase in 5 years
  • The company's share price is almost doubled in the last 3 years.

Cons
  • Stock is treading at 8.50 times in book value

Some of the key factors of ITC LTD's future growth

  • Growing Indian economy: Indian economy is the fastest growing economy in the world, and expected this growing situation continue in the upcoming years, and go to No-1  in a few years. 
  • Indian government focused on infrastructure development: With the Indian government aiming to design American-style roads, Railways, and Airports in a few years, then transportation will become even easier, Benefiting the entire company direct. 
  • Rising Indian middle-class family: Indian middle-class families grow in a few years, and this growth continues in the upcoming years

ITC Company Share Price Target Analytics

We have done a complete analysis of ITC share targets for 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2035, 2040, 2045, 2050...

NOTE: These price analytics of ITC are only for educational purposes only, This prediction is only for if there is market sentiment positive, if there is any problem in the company, then it has not been mentioned in this post.

ITC company share price in 2024

ITC company's share price target in 2024 will be Rs 550-620

ITC company share price in 2025

ITC company's share price target in 2024 will be Rs 680 - 730

ITC company share price in 2026

ITC company's share price target in 2024 will be Rs 750 - 810

ITC company share price in 2027

ITC company's share price target in 2024 will be Rs 850 - 910

ITC company share price in 2028

ITC company's share price target in 2024 will be Rs 960 - 1005

ITC company share price in 2029

ITC company's share price target in 2024 will be Rs 1050 - 1108

ITC company share price in 2030

ITC company's share price target in 2024 will be Rs 1140 - 1195

ITC company share price in 2035

ITC company's share price target in 2024 will be Rs 1601 - 1730

ITC company share price in 2040

ITC company's share price target in 2024 will be Rs 2163 - 2218

ITC company share price in 2045

ITC company's share price target in 2024 will be Rs 2677 - 2734

ITC company share price in 2050

ITC company's share price target in 2024 will be Rs 3461 - 3532

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