ITC Balance Sheet
- Market cap
- ₹3.3 lakh crore
- P/E
- 16.7
- P/B
- 4.56
- ROE
- 29.0%
- Dividend yield
- 1.20%
As of Mar 2022, ITC had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 291.72% from Mar 2023.
ITC balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 1,243 | 1,248 | 1,251 | 1,253 |
| Reserves | 8,500 | 35,340 | 36,173 | 49,010 | 51,652 |
| Borrowings | 1,200 | 306 | 304 | 285 | 2,399 |
| Other liabilities | 3,500 | 16,038 | 16,632 | 17,408 | 18,520 |
| Total liabilities | 13,700 | 85,883 | 91,826 | 88,091 | 93,792 |
| Fixed assets | 6,500 | 25,201 | 27,165 | 19,172 | 19,647 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 17,177 | 18,365 | 17,618 | 18,758 |
| Other assets | 4,300 | 25,765 | 27,548 | 26,427 | 28,138 |
| Total assets | 13,700 | 85,883 | 91,826 | 88,091 | 93,792 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
ITC balance sheet — frequently asked questions
What is the total debt of ITC?
ITC reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹306 crore as of Mar 2023.
What is ITC's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, ITC's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are ITC's total assets?
ITC's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.