Historical Finacial Statement of ITC

Years Mar-14 Mar-15 Mar-16 Mar-17 Mar-18

# Income Statement
Sales ₹35,306.43 ₹38,817.15 ₹39,192.10 ₹42,767.60 ₹43,448.94
Sales Growth - 9.94% 0.97% 9.12% 1.59%

COGS ₹5,625.04 ₹5,917.16 ₹6,830.33 ₹7,069.19 ₹7,118.00

COGS as % Sales 15.93% 15.24% 17.43% 16.53% 16.38%

Gross Profit ₹29,681.39 ₹32,899.99 ₹32,361.77 ₹35,698.41 ₹36,330.94

Selling and Administration Expenses ₹3,361.20 ₹3,876.19 ₹4,261.78 ₹4,179.74 ₹3,954.87

S&G as %Sales 9.52% 9.99% 10.87% 9.77% 9.10%

EBITDA ₹26,320.19 ₹29,023.80 ₹28,099.99 ₹31,518.67 ₹32,376.07

EBITDA Margins 74.55% 74.77% 71.70% 73.70% 74.52%

Interest ₹29.17 ₹90.96 ₹78.13 ₹49.03 ₹115.01

Interest as %Sales 0.08% 0.23% 0.20% 0.11% 0.26%

Depreciation ₹964.92 ₹1,027.96 ₹1,077.40 ₹1,152.79 ₹1,236.28

Depreciation as %Sales 3.25% 3.12% 3.33% 3.23% 3.40%

Other Income ₹965.74 ₹1,229.35 ₹1,483.11 ₹1,758.63 ₹2,239.81

Earnings Before Tax ₹26,291.84 ₹29,134.23 ₹28,427.57 ₹32,075.48 ₹33,264.59

EBT as %Sales 74.47% 75.06% 72.53% 75.00% 76.56%

Tax ₹82.38 ₹4,596.42 ₹5,358.21 ₹5,549.09 ₹5,916.43

Effective Tax Rate 0.31% 15.78% 18.85% 17.30% 17.79%

Net Profit ₹26,209.46 ₹24,537.81 ₹23,069.36 ₹26,526.39 ₹27,348.16

Net Margins 74.23% 63.21% 58.86% 62.02% 62.94%

No of Equity Shares 1192.98 1202.33 1207.08 1214.74 1220.43

Earning Per Share ₹21.97 ₹20.41 ₹19.11 ₹21.84 ₹22.41

EPS Growth 9.00% -7.11% -6.35% 14.26% 2.62%

Divident Amount ₹4,771.92 ₹5,009.69 ₹6,840.12 ₹5,770.02 ₹6,285.21

Dividend Per Share ₹4.00 ₹4.17 ₹5.67 ₹4.75 ₹5.15
Dividend Payout Ratio 18.21% 20.42% 29.65% 21.75% 22.98%
 Retained Earnings 21437.54 19528.12 16229.24 20756.37 21062.95

# Balance Sheet
Equity Share Capital ₹795.32 ₹801.55 ₹804.72 ₹1,214.74 ₹1,220.43
Reserves ₹26,441.64 ₹30,933.94 ₹41,874.80 ₹45,198.19 ₹51,289.68
Borrowings ₹242.41 ₹268.80 ₹83.78 ₹45.72 ₹35.92
Other Liabilities ₹13,369.04 ₹13,947.93 ₹8,888.04 ₹9,439.67 ₹11,694.85
Total Liabilities ₹40,848.41 ₹45,952.22 ₹51,651.34 ₹55,898.32 ₹64,240.88

Net Block ₹12,921.30 ₹15,303.28 ₹15,106.63 ₹15,893.48 ₹16,523.96

Capital Work in Progress ₹3,117.37 ₹2,700.20 ₹2,559.72 ₹3,729.89 ₹5,508.33
Investments ₹7,284.02 ₹6,942.77 ₹11,747.59 ₹17,581.38 ₹22,052.86
Other Assets ₹3,341.08 ₹2,540.81 ₹5,194.82 ₹5,135.78 ₹7,078.75
Total Non Current Assets ₹26,663.77 ₹27,487.06 ₹34,608.76 ₹42,340.53 ₹51,163.90

Receivables ₹2,439.21 ₹1,982.07 ₹1,917.18 ₹2,474.29 ₹2,682.29

Inventory ₹8,255.24 ₹8,586.87 ₹9,062.10 ₹8,116.10 ₹7,495.09
Cash & Bank ₹3,490.19 ₹7,896.22 ₹6,063.30 ₹2,967.40 ₹2,899.60
Total Current Assets ₹14,184.64 ₹18,465.16 ₹17,042.58 ₹13,557.79 ₹13,076.98

Total Assets ₹40,848.41 ₹45,952.22 ₹51,651.34 ₹55,898.32 ₹64,240.88

Check 1 TRUE TRUE TRUE TRUE

# Cash Flow Statement

Operating Activities
Profit from operations 13172 14261 15154 16075 17433
Receivables -1546 558 -207 -870 -964
Inventory -755 -505 -693 593 602
Payables 456 -23 622 321 2098
Loans Advances 0 0 0 0 0
Operating investments -1844 31 -277 44 1736
Other WC items -3984 -4449 -5078 -5492 -6000
Working capital changes -3254 -5275 -3921 -3251 -7114
Direct taxes -2887 -3300 -2348 -3122 -2878
Exceptional CF items 38 9 8 50 80
Cash Flow From Operating Activities -604 1307 3260 4348 4993

Investing Activities
Fixed assets purchased 93293 99658 150651 81034 95017
Fixed assets sold 374 559 741 756 736
Investments purchased 192 268 64 4 13
Investments sold 0 0 -8 0 0
Interest received 0 0 0 0 0
Dividends received 0 0 0 129 18
Invest in subsidiaries -21 -3728 1052 3579 -1769
Issue of shares on acq -4122 -4661 -5613 -7301 -6221
Redemp n Canc of Shares 691 979 532 1067 913
Other investing items 156 7 0 0 11
Cash Flow From Investing Activities 90563 93082 147419 79268 88718

Financing Activities
Proceeds from shares -48 -16 -28 -25 -49
Proceeds from debentures -4239 -4876 -5133 -6994 -5952
Redemption of debentures 0 0 0 0 0
Proceeds from borrowings -667 -734 -971 -1335 -1136
Repayment of borrowings -32 -93 266 75 -166
Interest paid fin 0 0 0 0 0
Dividends paid 0 0 0 0 0
Financial liabilities 0 0 0 0 0
Other financing items 0 0 0 0 0
Cash Flow From Financing Activities -4986 -5719 -5866 -8279 -7303

Net Cash Flow 84973 88670 144813 75337 86408

atement of ITC
Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 LTM

₹48,339.58 ₹49,387.70 ₹49,257.45 ₹60,644.54 ₹70,919.03 70278.34

11.26% 2.17% -0.26% 23.12% 16.94% -0.90%

₹7,835.47 ₹8,210.06 ₹7,824.46 ₹8,777.94 ₹10,604.92 ₹43,825.33

16.21% 16.62% 15.88% 14.47% 14.95% 62.36%

₹40,504.11 ₹41,177.64 ₹41,432.99 ₹51,866.60 ₹60,314.11 ₹26,453.01

₹4,546.39 ₹4,488.63 ₹4,236.77 ₹4,858.38 ₹5,604.08 -

9.41% 9.09% 8.60% 8.01% 7.90% -

₹35,957.72 ₹36,689.01 ₹37,196.22 ₹47,008.22 ₹54,710.03

74.39% 74.29% 75.51% 77.51% 77.14%

₹71.40 ₹81.38 ₹57.97 ₹59.99 ₹77.77 41.13

0.15% 0.16% 0.12% 0.10% 0.11% 0.06%

₹1,396.61 ₹1,644.91 ₹1,645.59 ₹1,732.41 ₹1,809.01 ₹2,665.13

3.45% 3.99% 3.97% 3.34% 3.00% 10.07%

₹2,080.44 ₹2,417.32 ₹2,576.95 ₹1,909.72 ₹2,097.64 ₹2,665.13

₹36,570.15 ₹37,380.04 ₹38,069.61 ₹47,125.54 ₹54,920.89 (41.13)

75.65% 75.69% 77.29% 77.71% 77.44% -0.06%

₹6,313.92 ₹4,441.79 ₹4,555.29 ₹5,237.34 ₹6,438.40 ₹6,841.87

17.27% 11.88% 11.97% 11.11% 11.72% -

₹30,256.23 ₹32,938.25 ₹33,514.32 ₹41,888.20 ₹48,482.49 -

62.59% 66.69% 68.04% 69.07% 68.36% -

1225.86 1229.22 1230.88 1232.33 1242.8 -

₹24.68 ₹26.80 ₹27.23 ₹33.99 ₹39.01 -

10.14% 8.57% 1.61% 24.84% 14.77% -

₹7,048.70 ₹12,476.58 ₹13,231.96 ₹14,171.80 ₹19,263.40 -

₹5.75 ₹10.15 ₹10.75 ₹11.50 ₹15.50 -
23.30% 37.88% 39.48% 33.83% 39.73% -
 23207.53 20461.67 20282.36 27716.4 29219.09 -

₹1,225.86 ₹1,229.22 ₹1,230.88 ₹1,232.33 ₹1,242.80

₹57,915.01 ₹64,044.04 ₹59,116.46 ₹61,223.24 ₹67,912.46
₹13.44 ₹277.45 ₹270.83 ₹249.44 ₹306.04
₹12,584.73 ₹11,760.04 ₹13,142.59 ₹14,491.01 ₹16,369.66
₹71,739.04 ₹77,310.75 ₹73,760.76 ₹77,196.02 ₹85,830.96

₹19,374.19 ₹21,713.34 ₹23,298.48 ₹24,231.59 ₹25,851.27

₹4,136.42 ₹3,256.46 ₹4,011.29 ₹3,225.54 ₹3,003.30
₹25,043.49 ₹28,663.35 ₹24,870.87 ₹24,841.01 ₹29,415.02
₹7,138.07 ₹4,958.45 ₹4,022.24 ₹6,917.41 ₹7,953.85
₹55,692.17 ₹58,591.60 ₹56,202.88 ₹59,215.55 ₹66,223.44

₹4,035.28 ₹2,562.48 ₹2,501.70 ₹2,461.90 ₹2,956.17

₹7,859.56 ₹8,879.33 ₹10,397.16 ₹10,864.15 ₹11,771.16
₹4,152.03 ₹7,277.34 ₹4,659.02 ₹4,654.42 ₹4,880.19
₹16,046.87 ₹18,719.15 ₹17,557.88 ₹17,980.47 ₹19,607.52

₹71,739.04 ₹77,310.75 ₹73,760.76 ₹77,196.02 ₹85,830.96

TRUE TRUE TRUE TRUE TRUE

18862 19416 17326 20857 25895

-755 1411 -66 -732 -884
-359 -508 -1460 -466 -941
639 -607 1112 1099 1058
0 0 0 0 0
-476 296 -413 -100 -767
-5803 -5023 -4387 -4982 -6250
-5546 -6174 5740 -2238 -5732
-3169 -2441 -1837 -2142 -2743
28 27 3 133 49
3421 6397 16018 11429 9685

92454 75835 62797 70992 77230

1184 1513 1275 1035 1324
13 17 7 16 19
0 0 0 0 0
0 0 -2 -2 -2
18 0 0 0 56
-1887 -1290 1051 -2494 -733
-6869 -8181 -18634 -13580 -13006
969 625 291 292 2477
0 0 0 0 0
85882 68519 46785 56259 67365

-98 -44 -41 -40 -41

-6519 -7302 -18881 -13788 -15418
0 -49 -55 -59 -59
-1203 -1409 55 15 35
169 334 -367 -43 139
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
-7651 -8470 -19289 -13915 -15344

81652 66446 43514 53773 61706

COMPANY NAME ITC LTD
LATEST VERSION 2.10 PLEAS
CURRENT VERSION 2.10

META
Number of shares 1,247.69
Face Value 1.00
Current Price 466.65
Market Capitalization 582,236.50

PROFIT & LOSS

Report Date Mar-14 Mar-15 Mar-16 Mar-17
Sales 35,306.43 38,817.15 39,192.10 42,767.60
Raw Material Cost 13,353.03 15,007.90 13,763.88 15,456.59
Change in Inventory 112.74 235.72 195.38 -592.57
Power and Fuel 644.96 610.67 571.88 584.33
Other Mfr. Exp 1,395.57 1,533.25 1,581.59 1,683.90
Employee Cost 2,504.24 2,772.28 3,440.97 3,631.73
Selling and admin 3,361.20 3,876.19 4,261.78 4,179.74
Other Expenses 1,080.27 1,000.96 1,235.89 1,169.23
Other Income 965.74 1,229.35 1,483.11 1,758.63
Depreciation 964.92 1,027.96 1,077.40 1,152.79
Interest 29.17 90.96 78.13 49.03
Profit before tax 13,051.55 14,362.05 14,859.07 16,026.32
Tax 4,060.93 4,596.42 5,358.21 5,549.09
Net profit 8,891.38 9,663.17 9,344.45 10,289.44
Dividend Amount 4,771.92 5,009.69 6,840.12 5,770.02

Quarters
Report Date Jun-21 Sep-21 Dec-21 Mar-22
Sales 13,247.25 13,757.15 17,108.16 16,555.53
Expenses 8,803.51 8,739.55 11,510.49 10,956.13
Other Income 447.04 468.77 421.92 498.62
Depreciation 414.13 421.73 429.59 466.96
Interest 9.34 9.75 9.56 10.71
Profit before tax 4,467.31 5,054.89 5,580.44 5,620.35
Tax 1,123.87 1,291.16 1,461.64 1,360.67
Net profit 3,276.48 3,713.76 4,056.73 4,195.69
Operating Profit 4,443.74 5,017.60 5,597.67 5,599.40

BALANCE SHEET
Report Date Mar-14 Mar-15 Mar-16 Mar-17
Equity Share Capital 795.32 801.55 804.72 1,214.74
Reserves 26,441.64 30,933.94 41,874.80 45,198.19
Borrowings 242.41 268.80 83.78 45.72
Other Liabilities 13,369.04 13,947.93 8,888.04 9,439.67
Total 40,848.41 45,952.22 51,651.34 55,898.32
Net Block 12,921.30 15,303.28 15,106.63 15,893.48
Capital Work in Progress 3,117.37 2,700.20 2,559.72 3,729.89
Investments 7,284.02 6,942.77 11,747.59 17,581.38
Other Assets 17,525.72 21,005.97 22,237.40 18,693.57
Total 40,848.41 45,952.22 51,651.34 55,898.32
Receivables 2,439.21 1,982.07 1,917.18 2,474.29
Inventory 8,255.24 8,586.87 9,062.10 8,116.10
Cash & Bank 3,490.19 7,896.22 6,063.30 2,967.40
No. of Equity Shares ### ### ### ###
New Bonus Shares ###
Face value 1.00 1.00 1.00 1.00

CASH FLOW:
Report Date Mar-14 Mar-15 Mar-16 Mar-17
Cash from Operating Activity 7,343.58 9,843.20 9,799.04 10,627.31
Cash from Investing Activity -3,254.08 -5,275.43 -3,920.73 -3,250.93
Cash from Financing Activity -4,121.54 -4,661.03 -5,612.52 -7,301.03
Net Cash Flow -32.04 -93.26 265.79 75.35

PRICE: 235.23 217.23 218.83 280.30

DERIVED:
Adjusted Equity Shares in Cr 1,192.98 1,202.33 1,207.08 1,214.74
 ITC
PLEASE DO NOT MAKE ANY CHANGES TO THIS SHEET

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

43,448.94 48,339.58 49,387.70 49,257.45 60,644.54 70,919.03
14,827.72 17,623.52 18,048.60 20,776.71 27,071.07 29,364.36
-1,027.76 203.19 703.13 645.27 686.00 358.59
653.50 746.73 780.85 699.56 889.77 1,232.34
1,697.62 1,871.01 1,908.29 1,587.18 1,887.67 2,327.80
3,760.90 4,177.88 4,295.79 4,463.33 4,890.55 5,736.22
3,954.87 4,546.39 4,488.63 4,236.77 4,858.38 5,604.08
1,005.98 1,039.85 1,225.13 1,074.39 1,109.95 1,308.56
2,239.81 2,080.44 2,417.32 2,576.95 1,909.72 2,097.64
1,236.28 1,396.61 1,644.91 1,645.59 1,732.41 1,809.01
115.01 71.40 81.38 57.97 59.99 77.77
17,409.11 19,149.82 20,034.57 17,938.17 20,740.47 25,915.12
5,916.43 6,313.92 4,441.79 4,555.29 5,237.34 6,438.40
11,271.20 12,592.33 15,306.23 13,161.19 15,242.66 19,191.66
6,285.21 7,048.70 12,476.58 13,231.96 14,171.80 19,263.40

Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23

18,489.45 17,107.99 17,704.52 17,634.89 17,164.46 17,774.47
12,412.32 10,848.89 10,999.82 11,010.89 10,494.39 11,320.23
320.73 454.68 595.43 682.52 722.30 664.88
438.12 462.38 447.11 461.40 442.46 453.04
9.25 12.59 9.21 12.15 9.90 9.87
5,950.49 6,238.81 6,843.81 6,832.97 6,940.01 6,656.21
1,488.24 1,568.49 1,773.72 1,607.95 1,759.89 1,700.31
 4,389.76 4,619.77 5,006.65 5,175.48 5,104.93 4,898.07
6,077.13 6,259.10 6,704.70 6,624.00 6,670.07 6,454.24

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

1,220.43 1,225.86 1,229.22 1,230.88 1,232.33 1,242.80
51,289.68 57,915.01 64,044.04 59,116.46 61,223.24 67,912.46
35.92 13.44 277.45 270.83 249.44 306.04
11,694.85 12,584.73 11,760.04 13,142.59 14,491.01 16,369.66
64,240.88 71,739.04 77,310.75 73,760.76 77,196.02 85,830.96
16,523.96 19,374.19 21,713.34 23,298.48 24,231.59 25,851.27
5,508.33 4,136.42 3,256.46 4,011.29 3,225.54 3,003.30
22,052.86 25,043.49 28,663.35 24,870.87 24,841.01 29,415.02
20,155.73 23,184.94 23,677.60 21,580.12 24,897.88 27,561.37
64,240.88 71,739.04 77,310.75 73,760.76 77,196.02 85,830.96
2,682.29 4,035.28 2,562.48 2,501.70 2,461.90 2,956.17
7,495.09 7,859.56 8,879.33 10,397.16 10,864.15 11,771.16
2,899.60 4,152.03 7,277.34 4,659.02 4,654.42 4,880.19
### ### ### ### ### ###

1.00 1.00 1.00 1.00 1.00 1.00

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

13,169.40 12,583.41 14,689.66 12,526.97 15,775.51 18,877.55
-7,113.89 -5,545.68 -6,174.02 5,739.98 -2,238.49 -5,732.29
-6,221.13 -6,868.64 -8,181.48 -18,633.83 -13,580.50 -13,006.03
-165.62 169.09 334.16 -366.88 -43.48 139.23

255.50 297.25 171.70 218.50 250.65 383.50

1,220.43 1,225.86 1,229.22 1,230.88 1,232.33 1,242.80

 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17
Cash from Operating Activity - 6,256 7,102 7,344 9,843 9,799 10,627
Profit from operations 9,244 11,218 13,172 14,261 15,154 16,075
Receivables -357 -446 -1,546 558 -207 -870
Inventory -408 -985 -755 -505 -693 593
Payables 193 0 456 -23 622 321
Other WC items 0 331 0 0 0 0
Working capital changes -573 -1,101 -1,844 31 -277 44
Direct taxes -2,415 -3,015 -3,984 -4,449 -5,078 -5,492
Cash from Investing Activity - -2,694 -3,881 -3,254 -5,275 -3,921 -3,251
Fixed assets purchased -2,468 -2,644 -2,887 -3,300 -2,348 -3,122
Fixed assets sold 59 10 38 9 8 50
Investments purchased -54,269 -75,713 -94,242 -98,742 -154,081 -85,683
Investments sold 53,879 75,152 93,293 99,658 150,651 81,034
Interest received 302 265 374 559 741 756
Dividends received 241 249 192 268 64 4
Invest in subsidiaries 0 0 0 0 -8 0
Investment in group cos 0 0 0 0 0 0
Redemp n Canc of Shares 0 0 0 0 0 129
Other investing items -438 -1,200 -21 -3,728 1,052 3,579
Cash from Financing Activity - -3,305 -3,310 -4,122 -4,661 -5,613 -7,301
Proceeds from shares 765 922 691 979 532 1,067
Proceeds from borrowings 28 -2 156 7 0 0
Repayment of borrowings -33 -12 -15 -20 -13 -13
Interest paid fin -19 -71 -48 -16 -28 -25
Dividends paid -3,503 -3,592 -4,239 -4,876 -5,133 -6,994
Financial liabilities 0 0 0 0 0 0
Other financing items -542 -556 -667 -734 -971 -1,335
Net Cash Flow 257 -90 -32 -93 266 75
Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
13,169 12,583 14,690 12,527 15,776 18,878
17,433 18,862 19,416 17,326 20,857 25,895
-964 -755 1,411 -66 -732 -884
602 -359 -508 -1,460 -466 -941
2,098 639 -607 1,112 1,099 1,058
0 0 0 0 0 0
1,736 -476 296 -413 -100 -767
-6,000 -5,803 -5,023 -4,387 -4,982 -6,250
-7,114 -5,546 -6,174 5,740 -2,238 -5,732
-2,878 -3,169 -2,441 -1,837 -2,142 -2,743
80 28 27 3 133 49
-98,330 -94,187 -79,835 -57,553 -69,776 -80,932
95,017 92,454 75,835 62,797 70,992 77,230
736 1,184 1,513 1,275 1,035 1,324
13 13 17 7 16 19
0 0 0 0 0 0
0 0 0 -2 -2 -2
18 18 0 0 0 56
-1,769 -1,887 -1,290 1,051 -2,494 -733
-6,221 -6,869 -8,181 -18,634 -13,580 -13,006
913 969 625 291 292 2,477
11 0 0 0 0 0
-8 -18 -3 -2 -1 -1
-49 -98 -44 -41 -40 -41
-5,952 -6,519 -7,302 -18,881 -13,788 -15,418
0 0 -49 -55 -59 -59
-1,136 -1,203 -1,409 55 15 35
-166 169 334 -367 -43 139