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Nov 21, 2010

ITC Ltd - 500875

 

 

Name of Company

ITC Ltd

BSE Code

500875

NSE Code

ITC

ICICI Code

Established

My Take

Like

Headquarters

Kolkata

Promoters

No promoters, BAT holds biggest share. LIC/UTI/other Indian insurances have a strong hold on the board as well

Story

Sector

FMCG

Sub-sector

Cigarettes, oils, biscuits, hotels

Website

http://www.itcportal.com/

Positives

Near zero debt (100 Cr). 20-22% NPMs. Around 1.5% dividend yield can be expected.

Negatives

No real promoters, BAT(British American Tobacco) group of UK has around 32% directly and indirectly. (Note: Tobacco Manufacturers India ltd which holds 26% is registered under Mr Murray Gilliland Charles in London UK by BAT).

Peers

News

Price @ blogged

171 (21-Nov-10)

Cost of company

1 lakh 31 thousand cr market cap for 4000 Cr FY10 profit makes it 32 times. Seems unreasonable for a moderate growth rate. Reserves at 13K Cr, near zero debt. 20-22% NPM.

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