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ITC Valuation Multiples

Discover revenue and EBITDA valuation multiples for ITC and similar public comparables like Scandinavian Tobacco, Eastern Company, and Karelia Tobacco.

ITC Overview

About ITC

ITC Ltd is an Indian conglomerate that predominantly operates in the consumer goods space, particularly cigarettes. The company operates in four main business segments: Fast Moving Consumer Goods; Hotels; Paperboards, Paper, and Packaging; and Agri-Business. Roughly three-quarters of the company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.


Founded

1910

HQ

India
Employees

24.6K+

Website

itcportal.com

Sectors

Tobacco

Financials

LTM Revenue $8.4B

LTM EBITDA $2.9B

EV

$58.9B

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ITC Financials

ITC has a last 12-month revenue of $8.4B and a last 12-month EBITDA of $2.9B.

In the most recent fiscal year, ITC achieved revenue of $8.2B and an EBITDA of $3.4B.

ITC expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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ITC P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $8.2B $8.2B XXX XXX XXX
Gross Profit $3.9B $4.7B XXX XXX XXX
Gross Margin 47% 58% XXX XXX XXX
EBITDA $3.2B $3.4B XXX XXX XXX
EBITDA Margin 40% 41% XXX XXX XXX
Net Profit $1.8B $2.2B XXX XXX XXX
Net Margin 22% 27% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

ITC Stock Performance

As of April 15, 2025, ITC's stock price is INR 422 (or $5).

ITC has current market cap of INR 5.28T (or $61.3B), and EV of INR 5.08T (or $58.9B).

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ITC Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$58.9B $61.3B XXX XXX XXX XXX $0.19

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ITC Valuation Multiples

As of April 15, 2025, ITC has market cap of $61.3B and EV of $58.9B.

ITC's trades at 7.1x LTM EV/Revenue multiple, and 20.0x LTM EBITDA.

Analysts estimate ITC's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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ITC Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $58.9B XXX XXX XXX
EV/Revenue 7.1x XXX XXX XXX
EV/EBITDA 19.4x XXX XXX XXX
P/E 26.1x XXX XXX XXX
P/E/Growth 3.2x XXX XXX XXX
EV/FCF 28.8x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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ITC Valuation Multiples

ITC's NTM/LTM revenue growth is 8%

ITC's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Over next 12 months, ITC's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate ITC's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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ITC Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 0% XXX XXX XXX XXX
EBITDA Margin 37% XXX XXX XXX XXX
EBITDA Growth 4% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 44% XXX XXX XXX XXX
Revenue per Employee $0.3M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue 2% XXX XXX XXX XXX
G&A Expenses to Revenue 1% XXX XXX XXX XXX
R&D Expenses to Revenue 0% XXX XXX XXX XXX
Opex to Revenue 26% XXX XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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ITC Public Comps

See public comps and valuation multiples for Tobacco comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Karelia Tobacco XXX XXX XXX XXX XXX XXX
Godfrey Phillips India XXX XXX XXX XXX XXX XXX
Eastern Company XXX XXX XXX XXX XXX XXX
Ceylon Tobacco Company XXX XXX XXX XXX XXX XXX
Scandinavian Tobacco XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

ITC M&A and Investment Activity

ITC acquired  XXX companies to date.

Last acquisition by ITC was  XXXXXXXX, XXXXX XXXXX XXXXXX . ITC acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by ITC

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About ITC

When was ITC founded? ITC was founded in 1910.
Where is ITC headquartered? ITC is headquartered in India.
How many employees does ITC have? As of today, ITC has 24.6K+ employees.
Is ITC publicy listed? Yes, ITC is a public company listed on NSE.
What is the stock symbol of ITC? ITC trades under ITC ticker.
When did ITC go public? ITC went public in 1995.
Who are competitors of ITC? Similar companies to ITC include e.g. Karelia Tobacco, Godfrey Phillips India, Eastern Company, Ceylon Tobacco Company.
What is the current market cap of ITC? ITC's current market cap is $61.3B
What is the current revenue of ITC? ITC's last 12-month revenue is $8.4B.
What is the current EBITDA of ITC? ITC's last 12-month EBITDA is $2.9B.
What is the current EV/Revenue multiple of ITC? Current revenue multiple of ITC is 7.1x.
What is the current EV/EBITDA multiple of ITC? Current EBITDA multiple of ITC is 20.0x.
What is the current revenue growth of ITC? ITC revenue growth between 2023 and 2024 was 0%.
Is ITC profitable? Yes, ITC is EBITDA-positive (as of the last 12 months).

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