Fast Moving Consumer Goods · NSE: ITC
Intrynsic's multi-model valuation estimates ITC Limited's fair value at ₹358 per share (range ₹238–₹659) against a market price of ₹283 - a gap of +26.2% (updated 24 July 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹283
close of 24 Jul 2026
Est. fair value
₹358
₹238–₹659
Gap
+26.2%
price vs estimate
Trading ~26% below our estimated fair-value range. Assumptions and per-model workings are below.
ITC is a consumer conglomerate best known for cigarettes, which fund its growing packaged-foods, hotels, paper and agri businesses. It is one of India's most consistent dividend payers.
Fast Moving Consumer Goods · Diversified FMCG
Over the last 3 years, revenue grew 3.6%/yr and profit grew 2.6%/yr.
Every ₹100 of shareholder money earned ₹29.0 in profit last year, vs a sector median of 8.8%.
It holds more cash than debt.
The market price is below our estimated fair-value range (based on stated assumptions).
About ₹77 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic values ITC Limited with 4 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| DCFFuture Cash Flows Method | ₹274 | -3% | - |
| EV/EBITDAIndustry Comparison Method | ₹442 | +56% | - |
| P/E MultipleEarnings Multiple Method | ₹659 | +132% | - |
| DDMDividend Discount Method | ₹238 | -16% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 14.9% a year for the next decade - versus 6.8% historical revenue growth.
| Revenue | ₹78,868 Cr | |
| Net profit | ₹21,018 Cr | |
| EPS | ₹16.51 | |
| Free cash flow | ₹16,281 Cr | |
| ROE (latest) | 29.0% | |
| Revenue growth (CAGR) | 7.0% | |
| Profit growth (CAGR) | 8.0% |
Intrynsic's multi-model valuation estimates ITC Limited's fair value at ₹358 per share (range ₹238–₹659), last updated 24 July 2026. This is an estimate based on stated assumptions, not investment advice.
ITC Limited trades at ₹283 against Intrynsic's estimated fair value of ₹358 - the market price is 26% below the estimate, i.e. below our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
ITC Limited trades at about 17.2 times its latest annual earnings per share.
ITC is a consumer conglomerate best known for cigarettes, which fund its growing packaged-foods, hotels, paper and agri businesses. It is one of India's most consistent dividend payers.
Intrynsic runs 4 valuation models for ITC Limited (DCF, EV/EBITDA, P/E Multiple, DDM) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy