The sin good smokescreen masking ITC’s stock woes
The IT business is captured in ITC Infotech India Ltd (Infotech), a wholly owned subsidiary of ITC. Infotech, along with its further subsidiaries posted Total income of Rs. 2,268 Cr. and Net profit of Rs. 209 Crores. By no means an insignificant business, and yet another candidate that may not be fully reflected in the share price and can be hived off - except, that feeds into, what we argue, is the problem of plenty viz. what to do with the cash, once realized? For ease of understanding/ reportage, the article restricted analysis to segment reporting of stand-alone ITC - which, captures the main components of the issue discussed.