ITC Limited
Sustainability Report 2006

Citizen First
 
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Contributing to the National Exchequer

Image of Graph showing Turnover and Taxes Paid from the Financial Year 2001-02 to 2005-06ITC's contribution to the exchequer is significant in terms of payment of excise duties, income tax and other rates and taxes. The share of ITC's contribution to the exchequer constitutes nearly 74% of its Value Added. In terms of Direct Taxes, the Company's contribution to the exchequer is amongst the top three companies in the private sector in India and in Indirect Taxes in relation to excise payments it accounts for more than 5% of the country's total excise collection.

 

Rewarding Shareholders

The Company has been making dividend payments consistently over the past several years and its dividend payment reflects the striking of a balance between the need to sustain strategic investments for a secured future and the annual expectation of shareholders for growing income. The Company continues to retain profits at a level of upwards of the Rs. 1,000 crore mark. Total Shareholder Returns measured in terms of increase in market capitalisation and dividends grew at a compound rate of 30% per annum during the period 1995-96 to 2005-06, placing ITC among the foremost in the country in terms of efficiency of serving financial capital. ITC was ranked 6th amongst listed private sector companies in terms of market capitalisation as at 31st March 2006.

  2002 2003 2004 2005 2006
Dividend Paid* (Rs. Crores) 334 419 559 882 1135
Dividend Per Share** (Rs.) 0.90 1.00 1.33 2.07 2.65

* Includes dividend distribution tax
** Includes adjustment for 1:10 Stock Split and 1:2 Bonus Issue

 

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