Buy ITC, target price Rs 575: Motilal Oswal Financial Services

Motilal Oswal Financial Services has a buy call on ITC with a target price of Rs 575. The current market price of ITC Ltd. is Rs 467.25. ITC, incorporated in 1910, is a Large Cap company with a market cap of Rs 584229.94 crore, operating in the Tobacco sector.

ITC's key products/revenue segments include Packaged Food Item, Paper & Paper Boards, Agricultural Products, Others, Service (Hotel), Tobacco Unmanufactured, Printed Materials, Other Operating Revenue for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 21351.83 crore, up 11.48 % from last quarter Total Income of Rs 19152.21 crore and up 15.79 % from last year same quarter Total Income of Rs 18439.35 crore. The company has reported net profit after tax of Rs 5046.32 crore in latest quarter.

The company's top management includes Mr.Sanjiv Puri, Mr.Atul Singh, Mr.Alka Marezban Bharucha, Mr.Hemant Bhargava, Ms.Nirupama Rao, Ms.Meera Shankar, Mr.Arun Duggal, Mr.Shilabhadra Banerjee, Mr.Anand Nayak, Mr.Sunil Panray, Mr.Shyamal Mukherjee, Mr.Mukesh Gupta, Mr.Ajit Kumar Seth, Mr.Supratim Dutta, Mr.Sumant Bhargavan, Mr.Hemant Malik, Mr.Pushpa Subrahmanyam. Company has S R B C & Co. LLP as its auditors. As on 30-09-2024, the company has a total of 1,251 Crore shares outstanding.


Promoter/FII Holdings
Promoters held 00.00 per cent stake in the company as of 30-Sep-2024, while FIIs owned 40.53 per cent, DIIs 34.1 per cent. Others held 25.37%.