ITC (LUX:ITC) ROCE %: 37.36% (As of Mar. 2026)


LUX:ITC ITC Ltd LUX:ITC
81 GF Score
Price $5.50
GF Value $8.73
! 1 Warning Sign
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What is ITC ROCE %?

ITC LUX:ITC 81 ROCE % is 37.36% as of Mar. 2026. GuruFocus rates LUX:ITC with a GF Score™ of 81/100 and a GF Value™ of $8.73. The stock has 1 warning sign investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. ITC's annualized ROCE % for the quarter that ended in Mar. 2026 was 37.36%.

ITC  (LUX:ITC) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

ITC ROCE % Related Terms

ITC ROCE % Historical Data

* Premium members only.

The historical data trend for ITC's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ITC ROCE % Chart

ITC Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.69 36.45 35.03 34.76 36.00

ITC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.73 39.04 37.19 35.31 37.36
LUX:ITC
81GF Score
ITC Ltd LUX:ITC
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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ITC ROCE % Calculation

ITC's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=3029.423/( ( (10181.375 - 1656.713) + (10104.956 - 1797.845) )/ 2 )
=3029.423/( (8524.662+8307.111)/ 2 )
=3029.423/8415.8865
=36.00 %

ITC's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=3103.616/( ( (0 - 0) + (10104.956 - 1797.845) )/ 1 )
=3103.616/( ( 0 + 8307.111 )/ 1 )
=3103.616/8307.111
=37.36 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 37.36% mean?
ITC (LUX:ITC) has a ROCE % of 37.36% as of Mar. 2026.
Is ITC's ROCE % too high?
ITC's current ROCE % is 37.36%. The Tobacco Products industry median ROCE % is 17.46. ITC's value of 37.36% is 114% above this industry median. Overall, ITC has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does ITC's ROCE % compare to PM and MO?
ITC's ROCE % of 37.36% can be compared against companies in the Tobacco Products industry. The industry median ROCE % is 17.46. ITC's value of 37.36% is 114% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Tobacco Products company?
The median ROCE % among Tobacco Products companies is 17.46, based on 46 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ITC's current ROCE % of 37.36% is 114% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Tobacco Products industry, the median ROCE % is 17.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITC's current ROCE % is 37.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITC stock overvalued right now?
ITC (LUX:ITC) has a current ROCE % of 37.36%. The stock's GF Value™ is $8.73, compared to a current price of $5.50 — trading 37% below its estimated fair value. The current ROCE % is 37.36% and 114% above the Tobacco Products industry median of 17.46. ITC's overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For ITC (LUX:ITC), the current ROCE % is 37.36% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ITC (LUX:ITC) Overvalued in 2026?

Based on GuruFocus' analysis, ITC stock appears to be undervalued. The current stock price of $5.50 is trading 37% below its estimated GF Value™ of $8.73.

Key valuation signals for LUX:ITC:

  • ROCE %: 37.36%
  • GF Value™: $8.73 vs. price of $5.50 (37% below fair value)
  • GF Score™: 81/100 with 1 warning sign
  • Industry Position: 114% above the Tobacco Products median

No single metric tells the full story. See the LUX:ITC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ITC Business Description

Address 37 Jawaharlal Nehru Road, Virginia House, Kolkata, WB, IND, 700071
ITC Ltd is an Indian conglomerate that predominantly operates in the consumer goods space, particularly cigarettes. The company operates in three main business segments: Fast Moving Consumer Goods; Paperboards, Paper, and Packaging; and Agri-Business. The company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.
81GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.50
Price
$8.73
GF Value