Indus Towers
Indus Towers Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Indus Towers Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Indus Towers Ltd trades at a P/E of 15.29× and P/B of 2.76×, against the Communication Services sector median P/E of 19.49×.
Valuation
Profitability
Growth
Financial Health
Indus Towers Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Indus Towers Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Indus Towers Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Indus Towers Ltd, switchable between annual and quarterly views, consolidated or standalone.
Indus Towers Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,08,415.3 Cr and reported EPS of ₹27.09.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 6,826 | 6,743 | 13,954 | 27,717 | 28,382 | 28,601 | 30,123 | 32,493 |
| Other Income | 102 | 129 | 197 | 353 | 361 | 361 | 346 | 477 |
| Total Income | 6,928 | 6,872 | 14,151 | 28,070 | 28,743 | 28,962 | 30,469 | 32,970 |
| Cost of Goods Sold (COGS) | — | — | — | — | — | — | 4 | 9 |
| Gross Profit | 6,826 | 6,743 | 13,954 | 27,717 | 28,382 | 28,601 | 30,119 | 32,484 |
| +Operating Expenses | 3,714 | 3,185 | 6,775 | 12,817 | 18,713 | 14,044 | 9,469 | 14,329 |
| EBITDA | 3,112 | 3,558 | 7,179 | 14,901 | 9,669 | 14,557 | 20,650 | 18,155 |
| +Non-Operating Expenses | 678 | 1,280 | 3,486 | 6,823 | 6,285 | 6,795 | 7,842 | 9,034 |
| Profit Before Tax (PBT) | 2,536 | 2,407 | 3,891 | 8,431 | 2,759 | 8,122 | 13,154 | 9,598 |
| +Tax Expense | 1,059 | 489 | 978 | 2,058 | 719 | 2,086 | 3,222 | 2,453 |
| Profit After Tax (PAT) | 2,494 | 3,299 | 3,779 | 6,373 | 2,040 | 6,036 | 9,932 | 7,145 |
| Earnings Per Share (EPS) | 13.48 | 17.83 | 14.02 | 23.65 | 7.57 | 22.40 | 37.65 | 27.08 |
| Diluted Shares Outstanding (Nos.) | 185 | 185 | 269 | 269 | 269 | 269 | 264 | 264 |
| +Additional Disclosures | 5,407 | 5,833 | 11,128 | 19,643 | 25,490 | 20,836 | 17,316 | 23,381 |
| Sales Growth % | — | -1.22 | 106.94 | 98.63 | 2.40 | 0.77 | 5.32 | 7.87 |
| YoY Sales Growth % | — | -1.22 | 106.94 | 98.63 | 2.40 | 0.77 | 5.32 | 7.87 |
| Material Cost % | — | — | — | — | — | — | 0 | 0 |
| Employee Cost % | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 |
| Other Cost % | 50 | 43 | 45 | 43 | 63 | 46 | 29 | 41 |
| OPM % | 46 | 53 | 51 | 54 | 34 | 51 | 69 | 56 |
| Tax % | 42 | 20 | 25 | 24 | 26 | 26 | 24 | 26 |
| Profit Growth % | — | 32.28 | 14.56 | 68.65 | -67.99 | 195.89 | 64.54 | -28.06 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 2,046 | 2,276 | 4,331 | 9,576 | 4,345 | 8,497 | 14,248 | 11,014 |
Indus Towers segment analysis: revenue and profit mix.
Disclosed business segments at Indus Towers with their share of revenue and profit, switchable between consolidated and standalone reporting.
Indus Towers discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Indus Towers Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Indus Towers Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Indus Towers Ltd's investment case rests on 8 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Indus Towers demonstrates strong profitability with a high Return on Equity (ROE) of 32.50% and Return on Capital Employed (ROCE) of 29.00%, indicating efficient capital utilization and effective resource management.
The company exhibits a competitive Price-to-Earnings (P/E) ratio of 11.00, suggesting potential undervaluation. Coupled with a robust Operating Profit Margin (OPM) of 64.40%, this indicates strong operational efficiency.
Indus Towers maintains a healthy financial structure with a low debt-to-equity ratio of 0.58, indicating manageable leverage. A strong Return on Assets (ROA) of 16.30% further highlights efficient asset utilization.
The company reported a positive quarterly sales growth of 9.68%, demonstrating consistent revenue expansion. This upward trend in sales indicates a healthy demand for its services and market penetration.
The burgeoning demand for 5G services and increasing data consumption across the nation present a significant growth opportunity for telecom infrastructure providers like Indus Towers.
What can break it.
A significant concern is the recent quarterly profit decline of -17.30%, signaling a potential slowdown in earnings growth. This negative trend warrants close monitoring by investors for sustained profitability.
Promoter holding has significantly decreased from nearly 69% in previous years to 51% currently. This substantial reduction raises concerns about potential dilution of ownership and long-term management confidence.
Indus Towers carries a substantial debt burden of 20,948 crores, which, despite a manageable debt-to-equity ratio, represents a considerable financial liability. Investors should assess its long-term servicing capacity.
Despite a low P/E ratio, the recent five-day stock performance shows a significant negative change of -2.93%, indicating market volatility and potential short-term risks for investors.
The telecom infrastructure sector faces intense competition from existing players and potential new entrants, which could exert pressure on pricing and market share, impacting profitability.
What would change my mind.
Trim if P/E re-rates above 20 (~1.0× the sector multiple of 19.5). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 53.79. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 15%. The operating engine is no longer compounding capital efficiently.
Indus Towers Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Indus Towers Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Indus Towers Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Indus Towers Ltd — derived from the live tape, not yesterday's close.
Indus Towers Ltd last traded at ₹411.2 with an intraday range of ₹409.5–₹417.8 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹411.20| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 432.77 | +21.57 | +5.24% |
| R3 | 424.47 | +13.27 | +3.23% |
| R2 | 421.13 | +9.93 | +2.42% |
| R1 | 416.17 | +4.97 | +1.21% |
| PIVOT | 412.83 | 1.63 | 0.40% |
| CURRENT | 411.20 | — | — |
| S1 | 391.27 | -19.93 | -4.85% |
| S2 | 399.57 | -11.63 | -2.83% |
| S3 | 404.53 | -6.67 | -1.62% |
| S4 | 407.87 | -3.33 | -0.81% |
INDUSTOWER is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 412.4 ~ 417.8
Trading Inside opening range
Indus Towers Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Indus Towers Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Indus Towers Ltd stood at 68.2% of traded volume, against a 20-day average of 60.2%.
Indus Towers announcements: results, concalls, ratings, M&A.
Filings Indus Towers sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Indus Towers files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 127 documents below.
Copy of Newspaper Publication
Indus Towers Limited has informed the Exchange regarding Newspaper publication of Notice for transferring Equity Shares of the Company to the Demat…
Disclosure under SEBI Takeover Regulations
Indus Towers Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Disclosure under SEBI Takeover Regulations
Indus Towers Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Analysts/Institutional Investor Meet/Con. Call Updates
Indus Towers Limited has informed the Exchange regarding schedule of Analyst/ Institutional Investors' Meeting.
Analysts/Institutional Investor Meet/Con. Call Updates
Indus Towers Limited has informed the Exchange regarding schedule Analyst/ Institutional Investors' Meeting.
Investor decks & rating reports.
Credit Rating
Credit Rating- Revision
Credit Rating- Revision
Credit Rating- Revision
Credit Rating- Revision
Indus Towers dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Indus Towers has declared, sequenced by announce and record date.
Indus Towers corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Indus Towers Ltd: business, sector, key facts.
What Indus Towers Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Indus Towers Ltd operates in the Communication Services, listed as NSE: INDUSTOWER, BSE: 534816.
Indus Towers Limited is a major player in the Indian telecom infrastructure sector, specializing in the operation and maintenance of wireless communication towers and related infrastructure. The company's core business involves providing a range of solutions to various telecom service providers across the country, enabling them to effectively deliver mobile network services to their customers. This includes a diverse portfolio of infrastructure assets, facilitating a robust and expansive communication network.
The company's infrastructure offerings are extensive and cater to a wide spectrum of needs. They provide traditional ground-based towers and masts, along with more modern solutions like rooftop towers, microsites, and small cells, strategically positioned to optimize network coverage and capacity. Furthermore, Indus Towers offers fiberized connectivity solutions, which are crucial for high-speed data transmission, and "feather sites," which are smaller, less intrusive installations that supplement larger infrastructure deployments. They also manage the energy supply necessary to power the telecom equipment situated on these various infrastructure sites.
Beyond the core tower infrastructure, Indus Towers extends its services to include the acquisition of necessary space from property owners for placing their infrastructure. This involves securing strategic locations suitable for efficient network deployment, necessitating careful negotiation and management of land rights. This aspect underscores the company's significant role in navigating the complexities of urban and rural land acquisition for telecom infrastructure development.
Indus Towers is also actively involved in providing smart digital infrastructure solutions. This expansion into smart city technologies leverages the existing tower infrastructure to incorporate additional services such as smart poles equipped with LED lighting, CCTV cameras, and digital messaging boards. They also offer environmental sensors and city-wide public Wi-Fi services, demonstrating a commitment to integrating their infrastructure into broader smart city initiatives. This diversification demonstrates a forward-looking approach, anticipating future technological advancements and urban development trends.
Finally, the company offers a suite of supplementary services, including telecom infrastructure-related services, business support services, and even scrap handling for telecom equipment. This comprehensive service portfolio allows Indus Towers to provide a holistic solution to its clients, maximizing efficiency and minimizing the burden on the telecom operators. The breadth of their offerings reinforces their position as a crucial partner for telecom companies operating within the Indian market.
Questions investors ask about Indus Towers Ltd (INDUSTOWER).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Indus Towers Ltd (INDUSTOWER)?
The current share price of Indus Towers Ltd (INDUSTOWER) is ₹411.2. Today, the stock has declined by ₹3.10 (0.75%), trading in a range of ₹409.5 to ₹417.8. The stock opened at ₹413.85 with a trading volume of 80,98,769 shares.
02Is Indus Towers Ltd stock a good investment for long-term?
Indus Towers Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,08,415.3 crores, P/E ratio of 15.29, ROE of 19.81%, and ROCE of 29.00%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Indus Towers Ltd stock?
The 52-week high price of Indus Towers Ltd (INDUSTOWER) is ₹481.5, while the 52-week low is ₹312.55. Currently trading at ₹411.2, the stock is 58.4% away from its 52-week low and 14.6% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Indus Towers Ltd stock at the current price?
Whether to buy Indus Towers Ltd stock at ₹411.2 depends on multiple factors. The stock is currently trading with a P/E ratio of 15.29 and P/B ratio of 2.76. Today's performance shows a loss of 0.75%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Indus Towers Ltd and when is the next dividend?
Indus Towers Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹411.2, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Indus Towers Ltd?
Indus Towers Ltd's key financial metrics include: P/E Ratio: 15.29, P/B Ratio: 2.76, ROE: 19.81%, ROCE: 29.00%, Dividend Yield: 0.00%, EPS: ₹27.09, Book Value: ₹150.33, and Debt-to-Equity: 53.29. The company's market cap stands at ₹1,08,415.3 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Indus Towers Ltd stock performing today in the market?
Indus Towers Ltd stock opened at ₹413.85 and is currently trading at ₹411.2, showing a decline of ₹3.10 (0.75%). The intraday high is ₹417.8 and low is ₹409.5. The trading volume stands at 80,98,769 shares, indicating strong market participation today.
08What is the P/E ratio of Indus Towers Ltd and what does it indicate?
Indus Towers Ltd has a Price-to-Earnings (P/E) ratio of 15.29, which means investors are willing to pay ₹15.29 for every ₹1 of earnings. With an EPS of ₹27.09, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Indus Towers Ltd (INDUSTOWER) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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