ITC Limited is a leading Indian company and has a diverse business portfolio in packaging, consumer goods, paperboard, hotels and agri-business. The company has given good returns in the last few years, so let us know what its share price could be for the years 2024, 2025, 2028, 2030 and 2035.
It has multiple revenue sources for its various business models and has seen an increase in revenue over the years. It is a good stock to add to your portfolio and has given consistent returns.
The company reported revenue of Rs 65205 crore and net profit of Rs 15,243 crore in FY23. Market experts expect the stock price to rise further in the coming years and may reach 750.50 in 2025.
ITC Limited has consistently delivered strong financial results with stable revenue streams and steady growth in profitability. In FY23, the net profit margin is 23.38%, earnings per share are Rs 12.34 and dividend per share is Rs 11.50.
The company is almost debt-free and has a healthy Return on Equity (ROE) of 25.0% in 3 years. Also, the company is maintaining a healthy dividend payout of 98.0% and working capital has reduced from 29.1 days to 20.1 days.
ITC Share Price Taget 2024, 2025, 2028, 2030, 2035
The top market experts showed a positive outlook for ITC stock and have set a price target of Rs 580.90 to Rs 750.50 in 2025. However, the Bankshala team has set a target price for above mentioned years based on in-depth research and technical analysis which is mentioned below.
Note: Readers are advised that the target share price is based on our research and technical analysis and it may differ from the actual price. Therefore, you are advised to consult with your financial advisor before investing.
See also:
2024
According to our research and forecast system, the minimum target price for ITC Limited shares is Rs 450.60 to Rs 475.30. At the same time, the maximum target price of ITC shares in 2024 is Rs 475.40 to Rs 505.30.
- Target-I: Rs 475.30
- Target-II: Rs 505.80
| Month | Low | High |
|---|---|---|
| Jan | ₹455.40 | ₹462.25 |
| Feb | ₹462.12 | ₹465.30 |
| Mar | ₹468.32 | ₹475.22 |
| Apr | ₹465.20 | ₹482.40 |
| May | ₹460.15 | ₹474.15 |
| Jun | ₹458.25 | ₹478.02 |
| Jul | ₹463.14 | ₹486.22 |
| Aug | ₹470.70 | ₹498.33 |
| Sept | ₹475.18 | ₹505.15 |
| Oct | ₹464.20 | ₹482.22 |
| Nov | ₹455.14 | ₹494.42 |
| April | ₹470.17 | ₹485.32 |
2025
The minimum target price for ITC shares is Rs 552.20 to Rs 595.15 and there is upside momentum in mid-2025. So, as per our research, the maximum target price for ITC shares can reach the level of Rs 632.50 to Rs 715.50 by the end of 2025.
- Target-I: Rs 588.20
- Target-II: Rs 715.52
| Month | Low | High |
|---|---|---|
| Jan | ₹560.10 | ₹585.12 |
| Feb | ₹558.50 | ₹595.24 |
| Mar | ₹565.35 | ₹605.33 |
| Apr | ₹560.25 | ₹602.02 |
| May | ₹570.12 | ₹625.11 |
| Jun | ₹580.42 | ₹645.62 |
| Jul | ₹590.50 | ₹694.25 |
| Aug | ₹582.22 | ₹698.25 |
| Sept | ₹578.50 | ₹685.50 |
| Oct | ₹585.32 | ₹705.00 |
| Nov | ₹588.55 | ₹715.20 |
| April | ₹578.12 | ₹697.40 |
2026
According to our research and forecast system, the minimum share price target is Rs 655.50 to RS 710.80. At the same time, the maximum target price for ITC shares can reach RS 755.20 to Rs 805.70 by 2026.
- Target-I: Rs 710.80
- Target-II: Rs 805.80
| Month | Low | High |
|---|---|---|
| Jan | ₹662.12 | ₹740.23 |
| Feb | ₹667.21 | ₹772.30 |
| Mar | ₹675.32 | ₹782.80 |
| Apr | ₹668.25 | ₹762.54 |
| May | ₹685.24 | ₹766.12 |
| Jun | ₹712.40 | ₹801.20 |
| Jul | ₹715.00 | ₹805.22 |
| Aug | ₹705.20 | ₹805.32 |
| Sept | ₹695.05 | ₹798.25 |
| Oct | ₹715.11 | ₹805.00 |
| Nov | ₹708.50 | ₹785.24 |
| April | ₹702.10 | ₹805.15 |
2028
In 2028, with our research and technical analysis, the minimum target price is Rs 855.60 to Rs 920.50. Whereas, the maximum target price for ITC shares can reach to Rs 985.70 to Rs 1055.50 in 2028.
- Target-I: Rs 920.70
- Target-II: Rs 1055.50
| Month | Low | High |
|---|---|---|
| Jan | ₹853.21 | ₹979.24 |
| Feb | ₹865.11 | ₹988.20 |
| Mar | ₹858.25 | ₹974.32 |
| Apr | ₹885.15 | ₹982.10 |
| May | ₹897.50 | ₹994.62 |
| Jun | ₹910.20 | ₹994.32 |
| Jul | ₹922.32 | ₹1052.12 |
| Aug | ₹935.00 | ₹1054.00 |
| Sept | ₹892.12 | ₹996.50 |
| Oct | ₹895.15 | ₹988.25 |
| Nov | ₹882.45 | ₹986.15 |
| April | ₹898.58 | ₹1024.44 |
2030
According to our forecast system, the lowest target price for ITC shares in 2030 is Rs 1255.50 to Rs 1310.30 and the highest target price is Rs 1455.50 to Rs 1585.30.
- Target-I: Rs 1310.30
- Target-II: Rs 1585.30
| Month | Low | High |
|---|---|---|
| Jan | ₹1205.25 | ₹1405.42 |
| Feb | ₹1234.32 | ₹1398.33 |
| Mar | ₹1245.15 | ₹1402.24 |
| Apr | ₹1242.50 | ₹1395.20 |
| May | ₹1272.00 | ₹1385.65 |
| Jun | ₹1289.65 | ₹1410.35 |
| Jul | ₹1315.52 | ₹1580.25 |
| Aug | ₹1305.32 | ₹1572.32 |
| Sept | ₹1295.22 | ₹1528.30 |
| Oct | ₹1320.35 | ₹1585.44 |
| Nov | ₹1312.15 | ₹1570.22 |
| April | ₹1305.45 | ₹1565.21 |
2035
The maximum target price for ITC shares in 2035 is Rs 2250.10 to Rs 2550.45, based on the current market trend.
- Target-I: Rs 2250.10
- Target-II: Rs 2550.45
Fundamentals of ITC Limited
ITC Limited has a strong presence in the Indian market with a recognized brand value. The company is known for its high-quality products and services over the years. Presently, the current price of its share is Rs 465.20 and the market cap is Rs 474,657 crore.
| Company Name | ITC Limited |
| Industry | Consumer Goods Business |
| Founded | 1910 |
| Net Profit (YoY) | ₹ 15,245(Cr) |
| Net Profit Margin | 23.38% |
| Dividend Yield | 3.21% |
| PE (TTM) | 25.87 |
| Debt to Equity | 0.00 |
| EPS | 14.66 |
| Buy / Sell / Hold | Buy (85%) |
| Face Value | 1 |
| Official Website | www.itcportal.com |
ITC Revenue Sources
ITC Limited is engaged in various business sectors, the company has main four business segments:
- FMCG (Fast-Moving Consumer Goods): This segment is based on consumer products like Sunfeast, Aashirwad, Food Products, Personal Care Products, Education, Stationery Products, etc.
- Hotels: ITC’s hospitality business consists of luxury hotels, resorts, and spas across India.
- Paperboard and Packaging: This segment of ITC includes high-quality packaging materials, folding cartons, paperboard cartons, flexible packaging, corrugated boxes, and much more.
- Agri-Business: The agri-business division focuses on sourcing, processing, and exporting agricultural commodities such as wheat, rice, maize, pulses, and oilseeds.
ITC Limited – Overview
ITC Limited is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal. The company was established in 1910 and it operates in various sectors such as fast-moving consumer goods (FMCG), hotels, paperboard and packaging, agribusiness and others.
ITC is known for its popular brands like Sunfeast, Aashirwad, Classmate, Bingo and others. It has a strong presence in private sector companies in India and has established a brand value over the years. ITC Limited is listed on the both National Stock Exchange and the Bombay Stock Exchange in India.
Shareholding pattern
- Retail & Others: 48.15%
- Mutual Funds: 9.67%
- Domestic Institutions: 28.34%
- Foreign Institutions: 13.84%
ITC Compounded Growth Rate
| Year | Sales | Profit | RoE |
|---|---|---|---|
| TTM (Last year) | 17% | 26% | 29% |
| 3 Years | 13% | 7% | 25% |
| 5 Years | 10% | 12% | 25% |
| 10 Years | 8% | 10% | 25% |
Is it a Good Idea to Buy ITC shares?
The good thing about ITC stock is that it is stable and can get profit in the form of dividends every year. Its current stock is priced at Rs 466.00, which reflects one upward trend and can reach 475.50 to Rs 505.40 by the end of 2023. In 2025, one can expect a maximum of Rs 750.50. The following factors are the strongest points of this company.
- Strong brand recognition and market presence: ITC is a well-known brand in India with a strong market presence and brand recognition.
- Strong financial performance: The company has a strong balance sheet and has consistently delivered healthy financial results.
- Diversified business portfolio: Its diversified business portfolio is a significant strength, as it provides the company with multiple sources of revenue. Therefore, it can be a good stock to weather an economic downturn more effectively.
- Sustainability: ITC has also implemented various social programs aimed at improving the lives of farmers. So it demonstrates the company’s commitment to sustainability and social responsibility.
ITC Risk Factors
Since any investment involves risk, here are some key risk factors that you should consider:
- Market Risk: The stock market is dynamic and unpredictable, changes in economic conditions and market sentiment may affect the price of ITC shares.
- Regulatory Risk: It is a publicly traded company, subject to various laws, regulations, and policies. So naturally can affect the company’s operations and financial performance.
- Industry Exposure: The company operates several businesses, such as consumer goods, hospitality, agriculture, and more. Therefore, each of these businesses has its risks and challenges.
How to Buy ITC Share?
To buy shares you must have a demat/trading account. Below is the list of stock broking websites where you can easily open an account and trade.
- Groww
- Zerodha
- Angel One
- Upstox
- SBI Security
- HDFC Security
- ICICIdirect
FAQs
A: The maximum target share price for ITC shares is Rs 715.50 in 2025.
A: According to our research, the maximum target price for ITC shares is Rs 1055.50 by 2028.
A: The target price for ITC Limited shares in 2030 is Rs 1455.50 to Rs 1585.30 by 2030.
A; The maximum target price for ITC shares in 2035 is Rs 2550.45.
A: ITC Limited is almost debt-free and has a Return on Equity (ROE) of 25.0% in 3 years. Also, the company is maintaining a healthy dividend payout ratio of 98.0% and is expected to continue doing well.
Conclusion
The company has consistently delivered good financial reports and has opportunities for growth in the future. Nevertheless, you need to do research and seek professional advice before making any investment decision. If you are looking for a diversified business portfolio of an Indian company then ITC shares can be a good option.
Disclaimer: The target price of ITC Ltd. shares posted on our website (banksala.com) is for general information only. We are not SEBI-registered financial advisors and no part of the website content should be considered as financial advice. You should do your research and consult your financial advisor before making any decision.
