Select Page

ITC Share Price Target: 2024, 2025, 2030, and 2040

ITC Share Price Target: 2024, 2025, 2030, and 2040

ITC Share Price Target: This article will discuss ITC’s share price target for the upcoming years. We will analyze the estimated stock price of the company so that you can make better decisions about investing in it. Before we dive into the company’s share price predictions, let’s first understand the company’s background, financials, technical fundamentals, etc.

ITC Limited: An Overview

ITC is one of India’s foremost private sector companies and a diversified conglomerate with businesses spanning fast-moving consumer goods, hotels, paperboards and packaging, agribusiness, and information technology. The company has 13 businesses in five segments. It exports its products to 90 countries. Its products are available in 6 million retail outlets.

Company nameITC Limited
IndustryConglomerate
Founded1910
CountryIndia
Official websitewww.itcportal.com

Key Metrics

Market Cap (₹)5,49,389 Crore
Sectoral Market Cap Rank1
PE Ratio (x)27.60
Price to Book Ratio (x)7.89
EPS – TTM (₹)16
Stock – 52 Week High & Low (₹)499.70 / 308.85

Highlights of the ITC Limited share price forecast are shown in the table below.

YearMinimum PriceMaximum Price
2023₹ 441₹ 480
2024₹ 465₹ 570
2025₹ 555₹ 660
2026₹ 650₹ 750
2027₹ 740₹ 840
2028₹ 830₹ 950
2029₹ 950₹ 1,100
2030₹ 1,100₹ 1,280
2040₹ 2,800₹ 3,000

Important Note: These price predictions of “ITC Limited” are only for reference purposes only, short-term and long-term ITC stock price predictions may be different due to the other analyzed time series. This prediction is only if there are positive market sentiments, and this analysis does not cover any uncertainties in the company or global market condition. 

Future Growth of ITC Limited

Earnings and Revenue Growth Forecasts of the Company

According to our growth forecast, ITC Limited’s earnings and revenue will grow by 9.40% and 8.90% per year, respectively. EPS is expected to grow by 9.20%. 

Key Information

Forecasted Earnings Growth Rate9.40%
Forecasted EPS Growth Rate9.20%
Forecasted Revenue Growth Rate8.90%
Forecasted Return on Equity34.80%

High Growth Revenue: The company’s revenue is forecast to grow at a rate of 8.90% per year, which is less than 20% per year. A 20% growth rate is considered high. 

✅ The estimated ROE would be 34.80%, which is high in three years.

Past Performance of ITC Limited

Earnings and Revenue History of the Company

❎ When we analyze the past earnings and revenue of ITC  Limited, the earnings growth rate of the company last year was 25.91%. The company’s revenue growth rate was 16.66% per annum, and the current net profit margin stood at 27.05%, which is more than the previous year’s (25.12%).

Key Information

Earnings Growth Rate25.91%
EPS Growth Rate25.30%
Revenue Growth Rate16.66%
Return on Equity27.75%

Past earnings growth analysis of the company

Earnings Trend: When we analyze the earnings trend of the last 5 years, we find that the earnings of the company have grown by average 26.05% per annum.

Rapid Growth: When we look at the last year’s earnings of the company, they have grown by 25.91%, which is less than the 26.05% average annual earnings growth in the last 5 years.

Return on Equity (ROE)

✅ ITC’s return on equity was 27.75%.

Return on Assets (ROA)

✅ The company had a ROA of 22.34%.

Return on Capital Employed (ROCE)

✅ Last year, the company had a ROCE of 35.81%. 

The Financial Health of ITC Limited

The financial position of the company

Short-term liabilities: The short-term assets of ITC Limited exceed its short-term liabilities. Which is good.

Long-term liabilities: The short-term assets of ITC Limited exceed its long-term liabilities. 

ITC Limited’s stock forecast for the upcoming years

ITC Share Price Target for 2023

As per our forecast methodology, the company’s stock will see upside growth this year. The expected price for this year can be between ₹ 441 and 480.

However, one must stay careful and vigilant enough to keep a constant eye on the rising market trends. You can make more money if you apply sufficient caution than you might have by investing in these stocks.

YearMinimum PriceMaximum Price
2023₹ 441₹ 480

ITC Share Price Target for 2024

YearMinimum PriceMaximum Price
2024₹ 465₹ 570

ITC Share Price Target for 2025

As per our stock market knowledge, this year also the company’s shares may see an uptrend and the stock can reach the maximum height of ₹ 660.

YearMinimum PriceMaximum Price
2025₹ 555₹ 660

ITC Share Price Target for 2026

The company has built its fast-growing business around a strong balance sheet, which provides a platform to raise additional resources to capitalize on unprecedented opportunities. ITC Limited has accelerated capacity addition over the years without compromising the integrity of its balance sheet, which remains strong, profitable, and sustainable—a reliable platform on which to scale business. ITC Limited’s share price is expected to go up to ₹ 750. 

YearMinimum PriceMaximum Price
2026₹ 650₹ 750

ITC Share Price Target for 2027

Technology plays an important role in any business. The growth of a business depends on the products and services it develops and provides to its clients or customers. ITC Limited is constantly investing in research and technology. The forecasted minimum share price will be ₹ 740 and the maximum will be ₹ 840.

YearMinimum PriceMaximum Price
2027₹ 740₹ 840

ITC Share Price Target for 2028

For this year the share price can be between ₹ 830 to ₹ 950. This prediction is only valid if there are positive market sentiments; any uncertainties in the company or global market conditions are not covered in this analysis.

However, before responding to these recommendations for any stock, you must do your own research and analysis. Trading and investing involve a significant level of risk, so consult a financial expert before making any decisions.

YearMinimum PriceMaximum Price
2028₹ 830₹ 950

ITC Share Price Target for 2029

YearMinimum PriceMaximum Price
2029₹ 950₹ 1,100

ITC Share Price Target for 2030

As per our expert’s prediction for this year, the minimum share price will be ₹ 1,100 and the maximum ₹ 1,280. However, you may do your own research and analysis before investing.

YearMinimum PriceMaximum Price
2030₹ 1,100₹ 1,280

ITC Share Price Target for 2040

The company’s strategic priorities, governance agenda, and holistic approach to business are aligned to make this a reality that will take the company to new heights in the years to come. If we look at the stock prediction of the company till 2040, then it can go up to ₹ 3,000.
However, one must be careful and vigilant to keep a constant eye on the growing trends of the market. If you are careful enough, you can earn more than what you invest in these stocks.

YearMinimum PriceMaximum Price
2040₹ 2,800₹ 3,000

Recommendations: Invest in ITC Limited stock or sell it?

The future trend in the company’s stock is positive, as per our forecast by the stock analyst. But if you notice, the increase in the company’s stock is not much; this stock will increase from an average price.
The financials of the company are sound, and the company has also expanded its business into various segments that have a lot of potential for growth in the coming years. If you are good at personal finance and looking to invest, then you can invest in this stock.

FAQs

Our forecasted stock analyst believes that ITC Limited will have a positive trend in the future, as you can see in the stock prediction. Because of this, this stock can be a better long-term investment option.

Leave a reply

Your email address will not be published. Required fields are marked *

Current IPO (Main Board)

Issuer CompanyOpenClose
Tata Technologies Ltd.--
Plaza Wires Ltd.29-Sep-234-Oct-23
27-Sep-233-Oct-23
Updater Services Ltd.25-Sep-2327-Sep-23
JSW Infrastructure ltd.25-Sep-2327-Sep-23
22-Sep-2326-Sep-23
20-Sep-2322-Sep-23
20-Sep-2322-Sep-23
Yatra Online Ltd.15-Sep-2320-Sep-23
14-Sep-2318-Sep-23

SME IPO

Issuer CompanyOpenClose
Rajgor Castor Derivatives Ltd.17-Oct-2320-Oct-23
WomanCart Ltd.16-Oct-2318-Oct-23
12-Oct-2316-Oct-23
Committed Cargo Care Ltd.6-Oct-2310-Oct-23
29-Sep-234-Oct-23
Karnika Industries Ltd.29-Sep-234-Oct-23
Plada Infotech Services Ltd.29-Sep-234-Oct-23
29-Sep-234-Oct-23
29-Sep-234-Oct-23
Vivaa Tradecom Ltd.27-Sep-234-Oct-23

RECENT COMMENT