# ITC share price today (ITC Ltd, NSE: ITC)

> ITC share price today: ₹280.00 at the NSE close on 4 November 2026, down 30.7% in a year. ITC (NSE: ITC) is worth ₹3,50,366 crore, trades at a P/E of 17.7 and has closed between ₹255.90 and ₹408.15 over the past 52 weeks. > ITC Ltd's P/E is near the low end of its own history, higher than only 17% of past readings, and its quarterly results are still getting worse. ITC · Cigarettes & Tobacco Products · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/itc-ltd

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## Key numbers

- Business trend: Slowing from a peak, from the last 12 quarters
- Price: ₹280.00 (−30.7% in a year)
- P/E: 17.7× (lower than 83% of the last 11 years)
- Revenue (Jun 2026): ₹19,114 Cr (−11.1% on a year ago)
- Profit (Jun 2026): ₹4,509 Cr (−15.6% on a year ago)
- Operating margin: 27.0% (−5.0 points on a year ago)
- ROCE: 39%, FY26
- ROIC: 33.9%, against a 12.0% cost of capital: +21.9 points

The main question: the P/E is near the low end of its own history, higher than only 17% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. ## What is the ITC share price today? ITC Ltd's share price was ₹280.00 at the close on 4 November 2026. It has been falling for 70 weeks. That is 6.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹256 and ₹408, and at that close it sat 16% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 2 weeks in a row. Over the last 11 years the share price moved +39% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at ITC this quarter? Two changes stood out: foreign funds (FIIs) cut their stake for 8 quarters in a row and lowest operating margin in 15 quarters. 1. Foreign funds (FIIs) cut their stake for 8 quarters in a row From 40.5% to 33.2% of the company by the September 2026 quarter. 2. Lowest operating margin in 15 quarters Operating margin was 27% in the June 2026 quarter, against 32% a year earlier. ## What dividend does ITC pay? ITC paid ₹14.50 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 5.18% at the ₹280.00 close on 4 November 2026. The last was a dividend of ₹8 a share, ex-date 27 May 2026. ### ITC dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 27 May 2026 | ₹8 | Dividend | same day |
| 4 Feb 2026 | ₹6.50 | Interim | same day |
| 28 May 2025 | ₹7.85 | Dividend | same day |
| 12 Feb 2025 | ₹6.50 | Interim | same day |
| 4 Jun 2024 | ₹7.50 | Dividend | same day |
| 8 Feb 2024 | ₹6.25 | Interim | same day |
| 30 May 2023 | ₹9.50 | Dividend + Special | same day |
| 15 Feb 2023 | ₹6 | Interim | same day |
| 26 May 2022 | ₹6.25 | Dividend | 28 May 2022 |
| 14 Feb 2022 | ₹5.25 | Interim | 15 Feb 2022 |
| 10 Jun 2021 | ₹5.75 | Dividend | 11 Jun 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. ITC Ltd paid out 88% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What are ITC's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), ITC reported revenue of ₹19,114 crore, down 11.1% from ₹21,495 crore a year earlier, and a profit of ₹4,509 crore, down 15.6% from ₹5,343 crore. ### ITC results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹19,114 crore | ₹21,495 crore | −11.1% |
| Profit | ₹4,509 crore | ₹5,343 crore | −15.6% |
| Earnings per share | ₹3.51 | ₹4.19 | −16.2% |
| Operating margin | 27.0% | 32.0% | −5.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the ITC share price history? ITC closed at ₹280.00 on 4 November 2026, down 30.7% from ₹404.05 a year earlier (7 November 2025) and up 31.8% over five years. Its highest weekly close since March 2016 was ₹489.98 on 27 September 2024. ### ITC share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹265.60 | +5.4% |
| 1 month ago · 1 Oct 2026 | ₹255.90 | +9.4% |
| 6 months ago · 8 May 2026 | ₹307.45 | −8.9% |
| 1 year ago · 7 Nov 2025 | ₹404.05 | −30.7% |
| 3 years ago · 3 Nov 2023 | ₹406.13 | −31.1% |
| 5 years ago · 4 Nov 2021 | ₹212.37 | +31.8% |
| 10 years ago · 4 Nov 2016 | ₹233.46 | +19.9% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹200.79 | +39.4% |
| Highest weekly close since March 2016 · 27 Sep 2024 | ₹489.98 | −42.9% |
| Lowest weekly close since March 2016 · 8 May 2020 | ₹148.34 | +88.8% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹408.15 | −31.4% |
| 52-week low (weekly close) · 1 Oct 2026 | ₹255.90 | +9.4% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on ITC? 4 Nov 2026: ITC closed at ₹280.00, up 5.4% on the week and up 9.4% on the month. Results for April to June 2026: Revenue down 11.1% and profit down 15.6% on a year earlier. ### Earlier

- 27 May 2026: ex-date for a dividend of ₹8 a share. - 4 Feb 2026: ex-date for an interim dividend of ₹6.50 a share. ## Which stock lists is ITC on? ITC is on 3 of our India lists: Nifty 50 companies, 52 week high & low and Dividend stocks. - [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)
- [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Dividend stocks Regular dividend yield (%): 5.18](https://www.sectoralpha.in/dividend-stocks-india)

## Is ITC profitable? ITC Ltd earned ₹4,509 Cr of net profit in the Jun 2026 quarter, −15.6% on the same quarter a year earlier. Full-year FY26 profit was ₹21,018 Cr. Over 10 years profit has grown 8.3% a year on average. That is 23.6% of the quarter's revenue. The same quarter a year earlier earned ₹5,343 Cr. For the full year, FY26 profit was ₹21,018 Cr (−40.0% on the year before). Why profit moved: revenue changed −11.1% on a year earlier and the margin moved −5.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −21.3% and revenue −2.9%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does ITC make, and is it growing? ITC Ltd reported ₹19,114 Cr of revenue in the Jun 2026 quarter, −11.1% on the same quarter a year earlier. Over 10 years it has grown 7.2% a year on average. The last full year, FY26, came in at ₹78,868 Cr. The last four reported quarters add to ₹76,488 Cr. FY26 revenue was ₹78,868 Cr, +4.7% on the year before. Recent pace: the last four quarters grew −2.9% on average, against 7.2% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −3.2%, against +4.7% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −42.7%, against −1.3% a year (rolling over). ## How much of every ₹100 of sales does ITC keep? ITC Ltd's operating margin was 27.0% in the Jun 2026 quarter, 5.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 34.0% and 39.0%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −4.6 percentage points on the year while gross margin changed +1.1 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is ITC's profit turning into cash? Over the last 3 years, 69% of ITC Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹18,464 Cr of operating cash against ₹21,018 Cr of profit. After ₹2,710 Cr of spending on assets, ₹15,754 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 69% of profit came in as cash: the cash cycle got 35 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 35 days longer. The next section looks at where the cash is stuck. ## Where does ITC's cash go? ITC Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 164 days in FY26, up from 129 days in FY21. It spent ₹66.0 Cr on assets over the last 3 years. Customers take 18 days to pay, and stock sits for 209 days on average. At FY26 sales of ₹78,868 Cr, each day of that cycle ties up about ₹216 Cr, so roughly ₹35,437 Cr is tied up in the business at any time. FY26: customers took 18 days to pay and stock sat for 209 days, about 6.9 months of sales sitting as stock, for a full cycle of 164 days, longer than FY21's 129. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 209 days. Customers pay about 18 days after that. Suppliers are paid at 63 days. Together that makes the 164-day cycle. Spending on assets: ₹66.0 Cr over the last 3 years, against ₹4,875 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹1,602 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is ITC's P/E ratio, and how does it compare with its own history? ITC Ltd's P/E is 17.7×, near the low end of its own history: it has been lower only 17% of the time. Its usual P/E (the middle reading) is 25.2×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −40.5% while the price moved −30.7%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +5.7% a year; about +6.3% a year came from earnings growth and about −0.6 percentage points from the multiple (roughly no change); over 10 years the price moved +1.8% a year; about +7.4% a year came from earnings growth and about −5.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the ITC business getting better or worse? ITC Ltd's business is slowing from a peak. Revenue, profit and EPS growth have slowed sharply (revenue growth from +9.1% at its peak to −3.2% now), while ROCE is still 35.6%. This is based on 12 quarters of 4 measures. Why it matters: slowing from a peak is where good stories often end quietly. ## How much does ITC earn on its capital? ITC Ltd earned a ROCE of 39% in FY26. That is up from a low of 28% in FY21. Its return on capital used (ROIC) is 21.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 26.6% net margin and 0.84× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 26.6% net margin × 0.84× asset turnover × 1.29× leverage (assets divided by equity) ≈ 28.8% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 33.9% − 12.0% = +21.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 33.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 38.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does ITC have too much debt? ITC Ltd has total debt of ₹2,399 Cr against shareholder equity of ₹72,873 Cr as of Jun 2026, so its debt is 0.03× its equity, which is very little. Year by year, that ratio went from 0.00 in FY22 to 0.03 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the ITC shareholding pattern? Foreign institutions cut their stake in ITC Ltd by 7.3 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 33.2% of the company. Domestic institutions moved +5.2 points over the same period, to 49.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: foreign institutions moved −7.3 points and domestic institutions +5.2 points over 8 quarters. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is ITC from balance-sheet trouble? For ITC Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does ITC rank in its industry? 49.7 out of 100, rank 2 of 3 in Cigarettes & Tobacco Products, with 93% of the evidence available. ITC Ltd scores 49.7 out of 100 against the 3 companies it is compared with in Cigarettes & Tobacco Products, ranking 2. Relative strength against the index is -10%, and revenue and profit growth are weak. The four parts add up to the total exactly: 4.8 + 22 + 7.9 + 15 = 49.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is ITC compared with? ITC ranks 2 of 3 Cigarettes & Tobacco Products companies on the 4-Factor Sector Score, with 49.7 out of 100. 1. [VST Industries Ltd](https://www.sectoralpha.in/stocks/vst-industries-ltd) VSTIND · basing · Evidence leans up · 97% evidence 54.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.8/35 · Revenue -1.7% · Profit -14.5% · Operating margin change -5 points · 100% evidence Capital efficiency 22.5/25 · ROCE 28.1% · Operating margin 18% · 100% evidence Valuation 18.5/20 · P/E 12.1× · PEG 0.39 · 85% evidence Relative strength 2.0/20 · Lead over its industry -2.8% · Lead over NIFTY 500 -17.2% · 1 year -29% · 100% evidence · 0 of 12 weeks ahead Exact sum: 11.8 + 22.5 + 18.5 + 2 = 54.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 2. ITC Ltd this page ITC · turning · Evidence leans down · 93% evidence 49.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.8/35 · Revenue -3.2% · Profit -42.7% · Operating margin change -5 points · 88% evidence Capital efficiency 22.0/25 · ROCE 38.9% · Operating margin 27% · 100% evidence Valuation 7.9/20 · P/E 16.8× · PEG 3.51 · 85% evidence Relative strength 15.0/20 · Lead over its industry 6% · Lead over NIFTY 500 -10% · 1 year -36.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 4.8 + 22 + 7.9 + 15 = 49.7 · What this means: Relative strength against the index is -10%, and revenue and profit growth are weak. 3. [Godfrey Phillips India Ltd](https://www.sectoralpha.in/stocks/godfrey-phillips-india-ltd) GODFRYPHLP · quiet · Evidence leans down · 93% evidence 45.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.5/35 · Revenue 1.7% · Profit 13.9% · Operating margin change -8 points · 88% evidence Capital efficiency 20.7/25 · ROCE 30.2% · Operating margin 15% · 100% evidence Valuation 13.2/20 · P/E 19.3× · PEG 1.15 · 85% evidence Relative strength 0.8/20 · Lead over its industry -5.9% · Lead over NIFTY 500 -20.1% · 1 year -45.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.5 + 20.7 + 13.2 + 0.8 = 45.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Cigarettes & Tobacco Products](https://www.sectoralpha.in/sectors/cigarettes-tobacco-products), all 3 compared on one page. ## Which companies are close to ITC in size? ITC is the largest of 3 Cigarettes & Tobacco Products companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Godfrey Phillips India and VST Industries. ### Cigarettes & Tobacco Products companies close in size

1. ITC Ltd ₹3,32,848 crore
2. [Godfrey Phillips India Ltd](https://www.sectoralpha.in/stocks/godfrey-phillips-india-ltd) ₹26,364 crore
3. [VST Industries Ltd](https://www.sectoralpha.in/stocks/vst-industries-ltd) ₹3,151 crore

[All 3 Cigarettes & Tobacco Products companies, largest first](https://www.sectoralpha.in/sectors/cigarettes-tobacco-products#all-companies)

### Companies close in size in other industries

1. [Mahindra & Mahindra Ltd](https://www.sectoralpha.in/stocks/mahindra-mahindra-ltd) ₹3,53,199 crore · Auto - 4 Wheelers
2. [Adani Enterprises Ltd](https://www.sectoralpha.in/stocks/adani-enterprises-ltd) ₹3,49,104 crore · Trading
3. ITC Ltd ₹3,32,848 crore
4. [Eternal Ltd](https://www.sectoralpha.in/stocks/eternal-ltd) ₹3,31,634 crore · E-Commerce - Platform - Food
5. [UltraTech Cement Ltd](https://www.sectoralpha.in/stocks/ultratech-cement-ltd) ₹3,25,473 crore · Cement

## What else do people ask about ITC? ### What is ITC's share price today? ITC Ltd's share price is ₹280.00, −30.7% over the past year. The whole company is worth ₹3,50,366 Cr on the market. In the last 52 weeks it traded between ₹256 to ₹408; today it is 16% of the way up from the low, 6.1% below its 200-day average (as of 4 November 2026). ### What were ITC's latest quarterly results? ITC Ltd reported revenue of ₹19,114 Cr and net profit of ₹4,509 Cr for the Jun 2026 quarter. Revenue fell 11.1% and profit fell 15.6% compared with a year earlier. Earnings per share were ₹3.51. The operating margin was 27.0%, 5.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is ITC's market cap? ITC Ltd's market capitalisation is ₹3,50,366 Cr at a share price of ₹280.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is ITC performing? ITC Ltd's share price has been falling for 70 weeks. In its latest quarter, revenue fell 11.1% and profit fell 15.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 2 weeks running (as of 4 November 2026). ### Will ITC's share price go up? This page does not forecast ITC Ltd's share price. What it shows instead: the share price is ₹280.00, and it has been falling for 70 weeks. Its P/E of 17.7× is higher than 17% of its own last 11 years (as of 4 November 2026). ### Does ITC have too much debt? No, ITC Ltd has little debt: its debt is 0.03× its equity, and its operating profit is more than 100 times its interest bill. FY26 borrowings were ₹2,399 Cr against equity of ₹72,507 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is ITC in its business cycle? ITC Ltd's FY26 operating margin was 35.0%, against a 13-year range of 34.0% to 39.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 27.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the ITC story? The main question: the P/E is near the low end of its own history, higher than only 17% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is ITC a stock worth studying right now? What the numbers show: ITC Ltd's P/E is near the low end of its own history, higher than only 17% of past readings, and its quarterly results are still getting worse. The main open question: whether results start to improve. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india

This is research, not advice. We’re not SEBI-registered.