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ITC LTD vs BRITANNIA - Comparison Results

ITC LTD    Change

ITC is a dominant player in the domestic cigarette market. Cigarette is the largest segment contributing 64% to overall sales. The non-cigarette FMCG business has a 16% sales share. Agri and paper businesses make up 10% and 7% of overall revenues whe... More


Britannia is the leading biscuit manufacturer with a 33% market share of the overall biscuit market. Apart from the core business of biscuits that contributes a lion's share of 93%, the company has a presence in other food categories such as dairy, c... More


Current Valuations

P/E (TTM) x 27.9 32.2 86.6% View Chart
P/BV x 6.3 10.6 59.5% View Chart
Dividend Yield % 1.9 0.8 226.4%  


5-Yr Chart
Click to enlarge
High Rs3535,057 7.0%   
Low Rs2503,320 7.5%   
Sales per share (Unadj.) Rs356.0825.8 43.1%  
Earnings per share (Unadj.) Rs94.283.6 112.6%  
Cash flow per share (Unadj.) Rs104.395.5 109.3%  
Dividends per share (Unadj.) Rs5.1525.00 20.6%  
Dividend yield (eoy) %1.70.6 285.9%  
Book value per share (Unadj.) Rs430.3283.7 151.7%  
Shares outstanding (eoy) m1,220.43120.06 1,016.5%   
Bonus/Rights/Conversions -IS-  
Price / Sales ratio x0.85.1 16.7%   
Avg P/E ratio x3.250.1 6.4%  
P/CF ratio (eoy) x2.943.9 6.6%  
Price / Book Value ratio x0.714.8 4.8%  
Dividend payout %5.529.9 18.3%   
Avg Mkt Cap Rs m368,326502,889 73.2%   
No. of employees `00026.13.8 689.2%   
Total wages/salary Rs m37,6094,016 936.5%   
Avg. sales/employee Rs Th16,617.226,130.7 63.6%   
Avg. wages/employee Rs Th1,438.41,058.5 135.9%   
Avg. net profit/employee Rs Th4,395.42,646.2 166.1%   
Net Sales Rs m434,48999,140 438.3%  
Other income Rs m18,3191,664 1,101.1%   
Total revenues Rs m452,808100,804 449.2%   
Gross profit Rs m164,90515,017 1,098.2%  
Depreciation Rs m12,3631,421 870.2%   
Interest Rs m89976 1,184.6%   
Profit before tax Rs m169,96215,184 1,119.4%   
Minority Interest Rs m0-2 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m4,1290-   
Tax Rs m59,1645,142 1,150.6%   
Profit after tax Rs m114,92710,040 1,144.7%  
Gross profit margin %38.015.1 250.6%  
Effective tax rate %34.833.9 102.8%   
Net profit margin %26.510.1 261.2%  
Current assets Rs m263,93631,513 837.6%   
Current liabilities Rs m92,50216,480 561.3%   
Net working cap to sales %39.515.2 260.2%  
Current ratio x2.91.9 149.2%  
Inventory Days Days6424 265.1%  
Debtors Days Days2311 200.9%  
Net fixed assets Rs m220,32315,504 1,421.0%   
Share capital Rs m12,204240 5,083.0%   
"Free" reserves Rs m512,89733,822 1,516.5%   
Net worth Rs m525,10134,062 1,541.6%   
Long term debt Rs m115846 13.6%   
Total assets Rs m642,88951,879 1,239.2%  
Interest coverage x190.0201.0 94.5%   
Debt to equity ratio x00 0.9%  
Sales to assets ratio x0.71.9 35.4%   
Return on assets %18.019.5 92.4%  
Return on equity %21.929.5 74.3%  
Return on capital %33.343.7 76.2%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m41,8902,021 2,073.2%   
Fx outflow Rs m20,3801,653 1,232.8%   
Net fx Rs m21,510367 5,854.7%   
From Operations Rs m131,69412,488 1,054.6%  
From Investments Rs m-71,139-9,563 743.9%  
From Financial Activity Rs m-62,211-2,318 2,684.4%  
Net Cashflow Rs m-1,656608 -272.6%  

Share Holding

Indian Promoters % 0.0 0.0 -  
Foreign collaborators % 0.0 50.8 -  
Indian inst/Mut Fund % 38.7 8.5 456.9%  
FIIs % 16.7 20.5 81.5%  
ADR/GDR % 0.3 0.0 -  
Free float % 44.3 20.3 218.2%  
Shareholders   523,783 45,387 1,154.0%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster


Compare ITC LTD With:   NESTLE (Switz.)  TIGER BRANDS (S. Africa)  COCA COLA (US)  AVI LTD. (S. Africa)  

Today's Market

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Corporate governance issues with certain companies, uncertainty surrounding national elections and global issues like trade wars, Brexit, have taken a toll on the Indian markets.

Related Views on News

BRITANNIA Announces Quarterly Results (3QFY19); Net Profit Up 14.0% (Quarterly Result Update)

Feb 12, 2019 | Updated on Feb 12, 2019

For the quarter ended December 2018, BRITANNIA has posted a net profit of Rs 3 bn (up 14.0% YoY). Sales on the other hand came in at Rs 28 bn (up 10.7% YoY). Read on for a complete analysis of BRITANNIA's quarterly results.

ITC LTD Announces Quarterly Results (3QFY19); Net Profit Up 3.8% (Quarterly Result Update)

Jan 24, 2019 | Updated on Jan 24, 2019

For the quarter ended December 2018, ITC LTD has posted a net profit of Rs 32 bn (up 3.8% YoY). Sales on the other hand came in at Rs 114 bn (up 14.9% YoY). Read on for a complete analysis of ITC LTD's quarterly results.

BRITANNIA Announces Quarterly Results (2QFY19); Net Profit Up 16.1% (Quarterly Result Update)

Nov 14, 2018 | Updated on Nov 14, 2018

For the quarter ended September 2018, BRITANNIA has posted a net profit of Rs 3 bn (up 16.1% YoY). Sales on the other hand came in at Rs 29 bn (up 12.7% YoY). Read on for a complete analysis of BRITANNIA's quarterly results.

ITC LTD Announces Quarterly Results (2QFY19); Net Profit Up 11.9% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, ITC LTD has posted a net profit of Rs 30 bn (up 11.9% YoY). Sales on the other hand came in at Rs 113 bn (up 15.5% YoY). Read on for a complete analysis of ITC LTD's quarterly results.

BRITANNIA 2017-18 Annual Report Analysis (Annual Result Update)

Aug 17, 2018 | Updated on Aug 17, 2018

Here's an analysis of the annual report of BRITANNIA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of BRITANNIA. Also includes updates on the valuation of BRITANNIA.

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