Quick Answer: Does ITC Have Debt?

Is ITC debt free company?

ITC Ltd – Quantitative Analysis The Company is virtually debt free.

Amidst the current lockdown due to COVID-19 pandemic, the debt-free companies have an extra edge over its peers by the investors..

Is ITC share good to buy?

ITC Crashed 50 % in year 2020 ! From a Market Value at 3.63 Lac crore, … ITC dropped till 1.83 Lac crore market Value. A 50% fall. This kind of crash has never occurred with ITC in the past.

What is the future of ITC share?

Detailed QuotesExchange & TimeNSE 30-Oct-2020BSE 30-Oct-2020Open164.00164.30Prev Close163.85163.85Volume1,63,47,51011,25,563Day’s Low163.35163.453 more rows

What companies are debt free?

List Of Debt-Free CompaniesCompany NameTickerComposite RatingPayPalPYPL99Ulta BeautyULTA93PaccarPCAR92Intuitive SurgicalISRG827 more rows•May 13, 2019

Is BHEL a debt free company?

Bharat Heavy Electricals boasts net cash, so it’s fair to say it does not have a heavy debt load, even if it does have very significant liabilities, in total. On the other hand, Bharat Heavy Electricals’s EBIT dived 20%, over the last year.

How much debt does ITC have?

Report Type:ParticularsMar 2020 ( ).CrMar 2019 ( ).CrUnsecured Loans332.0111.13Total Debt332.0111.13Total Liabilities64361.1757960.92APPLICATION OF FUNDS :32 more rows

What is PE ratio of ITC?

P/E of 26.95 = ₹277.45 ÷ ₹10.3 (Based on the year to March 2019.)

Who is ITC owner?

Sanjiv PuriITC LimitedFormerlyImperial Tobacco Company of India Limited (1910–1970) India Tobacco Company Limited (1970–1974) I.T.C. Limited (1974–2001) ITC limited (2001–present)HeadquartersVirginia House, Kolkata, West Bengal, IndiaArea servedIndian Subcontinent Gulf CountriesKey peopleSanjiv Puri (chairman & MD)16 more rows

Is L&T debt free?

L&T had a consolidated debt of Rs 1.24 trillion as of March 2019, with the finance cost of Rs 9,354 crore last year. The consolidated debt includes a debt of Rs 91,504 crore of its finance company. … Our standalone debt after reducing cash is not high for the size of the organisation.

Which are the best stocks to invest in India?

Top Companies in India by Investments – BSESrCompanyInvestments1SBI Add to Watchlist Add to Portfolio1,046,954.522Reliance Add to Watchlist Add to Portfolio489,103.003HDFC Bank Add to Watchlist Add to Portfolio391,826.664Bank of Baroda Add to Watchlist Add to Portfolio

Is Facebook Debt Free?

The good news for investors is that Facebook has no debt. It has been operating its business with zero debt and utilising only its equity capital. Investors’ risk associated with debt is virtually non-existent with FB, and the company has plenty of headroom and ability to raise debt should it need to in the future.

Is Dmart debt free?

Adjusting for depreciation, the retailer made Rs 480-crore cash profit in the quarter. At this rate, the company may have a significant cash balance by the end of FY20, with negligible or no net debt.

Is Zero Debt good for a company?

On the other hand, companies with low or zero debt are in a much better shape in such a scenario. As the cash outflow through interest payment is not much, these firms are able to keep their costs to a minimum. They also have little exposure to interest rate risk as they are insulated from any rise in borrowing costs.

What is virtually debt free?

Company has cash reserves in excess of the loans it has taken. Companies take loan for saving tax or for maintaining some working capital cash flow obligations. Such comes are called virtually debt free because they can offset their cash reserves with outstanding loan at any point of time.

How do I find out if a company is debt free?

The debt section is an important field. If a company has zero debt on its balance sheet, then it is known as a debt-free company. Debt plays an important role in the present performance and future growth of any company.

Why ITC is not performing?

Since the appointment of Sanjiv Puri as ITC CEO in February 2017, the stock has lost a fourth of its value. Although cheap valuations have turned cheaper, the Street is unlikely to turn bullish on ITC any time soon. Growth prospects of the cigarette business look weak amid tax levies and smoking curbs.

Is L&T a good investment?

Larsen & Toubro has a rather high debt to EBITDA ratio of 5.9 which suggests a meaningful debt load. However, its interest coverage of 5.8 is reasonably strong, which is a good sign. Notably Larsen & Toubro’s EBIT was pretty flat over the last year.