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ITC has announced its results for the year ended March 2022. Let us have a look at
the detailed performance review of the company during FY21-22.
ITC Income Statement Analysis
Operating income during the year rose 23.7% on a year-on-year (YoY)
basis.
Net profit margins during the year declined from 29.5% in FY21 to
27.6% in FY22.
Current assets fell 2% and stood at Rs 342 billion, while fixed assets
rose 11% and stood at Rs 430 billion in FY22.
Overall, the total assets and liabilities for FY22 stood at Rs 772 billion
as against Rs 738 billion during FY21, thereby witnessing a growth of
5%.
ITC's cash flow from operating activities (CFO) during FY22 stood at Rs
158 billion, an improvement of 25.9% on a YoY basis.
Cash flow from investing activities (CFI) during FY22 stood at Rs -22
billion on a YoY basis.
Cash flow from financial activities (CFF) during FY22 stood at Rs -136
billion, an improvement of 27% on a YoY basis.
Overall, net cash flows for the company during FY22 stood at Rs -435
million from the Rs -4 billion net cash flows seen during FY21.
Return on Equity (ROE): The ROE for the company improved and stood at
25.3% during FY22, from 22.8% during FY22. The ROE measures the ability of
a firm to generate profits from its shareholders capital in the company.
Return on Capital Employed (ROCE): The ROCE for the company improved
and stood at 34.0% during FY22, from 30.7% during FY21. The ROCE
measures the ability of a firm to generate profits from its total capital
(shareholder capital plus debt capital) employed in the company.
Return on Assets (ROA): The ROA of the company improved and stood at
20.1% during FY22, from 18.2% during FY21. The ROA measures how
efficiently the company uses its assets to generate earnings.
Key Ratio Analysis
No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Current ratio x 3.3 2.8
Debtors’ Days Days 2 2
Interest coverage x 310.6 346.4
Debt to equity ratio x 0.0 0.0
Return on assets % 18.2 20.1
Return on equity % 22.8 25.3
Return on capital employed % 30.7 34.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster
To see how ITC has performed over the last 5 years, please visit here.
ITC Share Price Performance
Over the last one year, ITC share price has moved up from Rs 205.1 to Rs 265.8,
registering a gain of Rs 60.8 or around 29.6%.
Overall, the S&P BSE SENSEX is up 0.8% over the year.
(To know more, check out historical annual results for ITC and quarterly results for
ITC)
Annual Report FAQs
ITC currently trades at Rs 424.5 per share. You can check out the latest share price
performance of ITC here...
What was the revenue of ITC in FY22? How does it compare to earlier years?
The revenues of ITC stood at Rs 580,235 m in FY22, which was up 20.8% compared
to Rs 480,242 m reported in FY21.
Over the past 5 years, the revenue of ITC has grown at a CAGR of 9.0%.
What was the net profit of ITC in FY22? How does it compare to earlier years?
The net profit of ITC stood at Rs 154,857 m in FY22, which was up 15.7% compared
to Rs 133,898 m reported in FY21.
This compares to a net profit of Rs 155,846 m in FY20 and a net profit of Rs 128,242
m in FY19.
Over the past 5 years, ITC net profit has grown at a CAGR of 7.8%.
The cash flow statement is the financial statement that presents the cash inflows
and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity
position. The ratios and parameters in this statement helps test a company's
financial health.
Here's the cash flow statement of ITC for the past 5 years.
Debt to Equity ratio for FY22 stood at 0.0 as compared to 0.0 in FY21.