ITC Ltd.

Financial

	ITC	Godfrey Phillips	VST Industries
Operational Metrics
Paper & Board
Manufacturing Capacity - Paper & Board	930000.0 MTPA	n/a	n/a
Unclassified
Advertisement Spend as a % of Total Sales	1.85 %	2.96 %	2.32 %
FMCG Sector
Volume Growth	3.0 %	30.5 %	n/a
Financials
5 yr Average ROE	24.98 %	17.49 %	24.84 %
5yr average Equity Multiplier	1.22	1.43	1.94
5yr Average Asset Turnover Ratio	0.74	0.74	0.86
5yr Avg Net Profit Margin	27.74 %	16.79 %	15.2 %
Price to Book	7.57	5.2	4.86
P/E	27.75	27.14	22.64
5yr Avg Cash Conversion Cycle	14.81 Days	29.78 Days	-171.21 Days
Inventory Days	60.14 Days	81.7 Days	34.56 Days
Days Receivable	16.58 Days	11.0 Days	3.15 Days
Days Payable	65.61 Days	69.84 Days	323.1 Days
5yr Average Interest Coverage Ratio	315.72	25.3	1289.54
5yr Avg ROCE	32.22 %	19.72 %	42.75 %
5yr Avg Operating Profit Margin	36.16 %	21.67 %	22.62 %
5 yr average Debt to Equity	0.0	0.01	0.0
5yr CAGR Net Profit	5.97 %	18.07 %	6.91 %
5yr Average Return on Assets	20.41 %	12.29 %	12.87 %
Shareholdings
Promoter Holding	0.0	72.58 %	32.16 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	-0.25 %	0.0
Change in Mutual Fund Holding (3 Yrs)	2.17 %	0.24 %	-7.24 %

Business

	ITC	Godfrey Phillips	VST Industries
Product Wise Break-Up	Product Wise Break-Up FMCG 61.47 Agricultural 25.83 Paper & Board 9.45 Hotel 3.25 Chewing Products 0 Cut Tobacco 0 Unmanufactured Tobacco 0 Cigarettes 0	Product Wise Break-Up Cigarettes 67.62 Unmanufactured Tobacco 23.68 Paper & Board 0 Chewing Products 0 Agricultural 0 FMCG 0 Hotel 0 Cut Tobacco 0.54 Others 8.16	Product Wise Break-Up Cigarettes 75.75 Unmanufactured Tobacco 24.07 Paper & Board 0 Chewing Products 0 Agricultural 0 FMCG 0 Hotel 0 Cut Tobacco 0 Others 0.18
Location Wise Break-Up	Location Wise Break-Up India 83.85 Rest of the World 16.15	Location Wise Break-Up India 69.0 Rest of the World 27.0 Others 4.0	Location Wise Break-Up India 84.96 Rest of the World 15.04
Capex	Capex FMCG 38.6 Hotels 27.92 Paperboards & Packaging 27.61 Agri Business 4.54 Others 1.33	-	-
Operating Profit Break-Up	Operating Profit Break-Up FMCG 86.56 Agri Business 7.2 Paperboards & Packaging 3.84 Hotels 2.39 Retail & Related Products 0 Cigarette, Tabacco & Related Products 0 Others 0.01	Operating Profit Break-Up Cigarette 99.07 Retail & Related Products 0 Agri Business 0 Paperboards & Packaging 0 Hotels 0 FMCG 0 Others 0.93	-
Asset Break-Up	Asset Break-Up India 92.79 International 7.21 Retail & Related Products 0 Cigarette, Tabacco & Related Products 0	Asset Break-Up Cigarette 53.57 India 0 Retail 1.97 International 0 Others 44.46	-