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![Research Call](https://www.prudentcorporate.com/brokingdesk/images/researchcalls.png) |
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Dear Client,
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In these uncertain times wherein economy is heading downwards on account of the unprecedented consequences of covid-19 & the subsequent lockdown, its best to stick with companies having resilient balance sheet who can survive this downturn. And the most important criterion is to not over-pay for the stock.
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ITC is one such company which fits this criterion. ITC is available at a price/earnings of 15x- the cheapest valued FMCG company in the country. The dividend yield on the stock currently stands at an attractive 3.1%. With zero debt on the balance sheet, operating margins of 41% & a return on capital employed of 34%, it boasts of good fundamentals. It has an 80% market share in legal cigarette industry & has a well established presence with brands such as Aashirvaad, Sunfeast, Bingo in the consumer staples space. With such excellent fundamentals, is the stock poised for a recovery? Check out the video of our research team
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For any suggestion or queries, please write to us at equityresearch@prudentcorporate.com
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Warm Regards,
Prudent Research Desk
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equityresearch@prudentcorporate.com
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Copyright © 2018 Prudent Corporate Advisory Services Ltd., All rights reserved.
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Contact: (+91) (79) 61560900, 40209600, 61600900
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