Have you ever been searching regards the ITC Ltd share price target for the coming year 2022 to 2030? so we are here to tell you the target/ predictions of this share, I hope after reading the following points you will learn some essential information about it.
At the time of analysis, I noted its Market Cap which is Rs.3,86,399.29 Cr. whereas so good another point is company essential, future growth, fundamental analysis, technical analysis, sales growth, and profit growth that are explained in this article.
ITC is an Indian company that has a diversified presence across industries like Cigarettes, Hotels, Paperboards, Education, and other sectors. The Company has around 13 businesses in different sectors. They export their product to more than 90 Countries. Its headquartered in West Bengal, India. The present chairman and CEO of ITC are Sanjiv Puri. As of 2021, they have a workforce of around 36,500 people.
ITC Ltd Quarterly Report Analysis
In the June quarter of the financial year 2021, Company made net sales of around Rs.12,959.15 Cr. and made a profit of around Rs.3,013.49 Cr. after giving all the taxes. In the September quarter of the financial year 2021, the company made sales of Rs.13,353.52 Cr. and make a profit of around Rs.3,697.18 Cr. And in the December quarter of the same year that is 2021 company made sales of Rs.16,806.89 Cr. and make a profit of Rs.4,156.20 Cr. After paying all the taxes as govt. norms we can see an increase in the profit amount from last quarter which is a good sign for a specific company and tell us about the present strength of the company that how they rule the market.
In the March quarter of 2022, the company made sales of around Rs.16,426 Cr. In which they made a profit of about Rs.4,190.96 Cr. after paying all the taxes. In the June quarter of the financial year 2022, the company made sales of around Rs.18,320.16 Cr. through which they made a profit of about Rs.4,169.38 Cr. after paying all the taxes.
ITC Ltd Annual Report Analysis
To the data provided above Company make net sales of around Rs.40,088.68 Cr. in 2017 till the month of March through which the company make a profit of about Rs.10,200.90 Cr. In the following year which is 2018 till the month of March Company make net sales of Rs.40,627.54 Cr. through which the company makes a loss of Rs.11,223.25 Cr.
From the year 2019 till March Month Company’s net sales is around Rs.44,995.65 Cr. by which the company makes a profit of about Rs.12,464.32 Cr. In the following year, 2020 till the month of March Company’s net sales is around Rs.45,619.70 Cr. through which the Company makes a profit of about Rs.15,136.05 Cr. In the year 2021, till the month of March Company make net sales of around Rs.45,485.11 Cr. by which they made a loss of around Rs.13,031.64 Cr. as the year 2022, ITC made net sales of about Rs.56,341.27 Cr. in which the net profit was Rs.15,057.83.
ITC Ltd Balance Sheet Analysis
In the year 2017 Company invests around Rs.8,485.51 Cr. and the Current Assets of ITC are about Rs.24,537.39 Cr. and total assets of the company available at that time is around Rs.54,215.95 Cr. In the following year, 2018 Company invested around Rs.13,493.77 Cr. and the Current Assets of ITC are about Rs.24,503 Cr. and the total assets of the company available at that time in 2018 is around Rs.62,381.31 Cr. In the year 2019 Company invests around Rs.14,071.45 Cr. and the Current Assets of ITC are about Rs.29,568.96 Cr. and the total assets of the company available at that time are around Rs.69,797.92 Cr.
In 2020 Company invests around Rs.13,840.95 Cr. and the Current Assets of ITC in the year 2020 are about Rs.36,596.91 Cr. and total assets of the company available at that time in 2020 are around Rs.75,235.36 Cr. In the financial year, 2021 Company invested around Rs.13,326.94 Cr. and the Current Assets of ITC are about Rs.31,815.42 Cr. and the total assets of the company were available at that time is around Rs.71,580.54 Cr. in the next year 2022, ITC invested Rs.16,021.52 Cr. whether the current assets was Rs.30,942.01 and total assets was Rs.75,092.50 Cr. at that time.
In this section, we are trying to predict a possible target that the shares of ITC can cross in the upcoming years to come. This prediction is based upon different tools and terms which include Fibonacci Retracement, support, and resistance. The upcoming years which has attached below.
|Year||Target Of ITC Ltd|
For the year 2022, we try to predict two possible targets which they can surpass easily first is around Rs.455 and the second target which we can possibly find in the same year is around Rs.545 and it all will happens because of their increasing demand for products in the market and We predict all these target level on the basis on a Fibonacci retracement, support, and resistance.
For the year 2023, we are again going to predict two possible targets which the share of ITC will find it easily because of their product demand in the market first target is around Rs.651 and the second target level for the same year 2023 is about Rs.786 and we predict all these share price targets for the year 2023 using different terms and tools like support and resistance.
For the year 2024, we can predict a possible target which the shares of ITC will beat easily first is around Rs.889 and the second is about Rs.1,045 as I told earlier company share prices will always be in a positive direction in the future and share prices of this company share are increasing day by day in upcoming years.
In the year 2025 we can set the first possible target which they can attain is about Rs.1,198 and after attaining these values they show some negative movement and share prices of this company go down for while and after some time in that same year they will again show uptrend and we can predict second possible target which they can cross is around Rs.1,311.
Till the end of this decade, ITC will be the highest revenue-generating company So we predict the first possible target which they can attain in the year 2030 is around Rs.3,283 and the second possible target which they can cross by the end of this decade is about Rs.3,803.
In this article, We have done a detailed analysis of ITC. Here we tried to include every aspect in our article which is really essential to know before investing in any specific share.
Before ending this article, I am going to tell you some strengths of ITC which are really important to become the leading brand in their specific sector.
- Brand name.
- The diverse market for their products.
- Distribution Network.
- Logistical Capacity.
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I am a skillful trainer of the share market for the last 7 years. I have better knowledge of technical analysis, fundamental analysis, chart understanding, writing about share market, investing as well as trading which I wanted to spread all over the people.