Indus Towers Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 18.6%)
- Efficient capital deployment (ROCE 19.5%)
- Attractively valued vs sector (P/E 14x vs industry 33.8x)
- Regular dividends — yield 3.7%
- Near 52-week low — potential value zone (₹356)
Concerns
Today's Price Action
The stock closed at ₹373 with zero percent change, matching the previous close. Trading volume stood at 7,681,142 shares, identical to the 20‑day average, indicating a neutral participation level. The flat price movement aligns with the unchanged open interest, suggesting that buyers and sellers are in equilibrium at this level.
Valuation Snapshot
Indus Towers Limited trades at a trailing P/E of 14, while the broader telecommunications sector shows no P/E ratio, reflecting limited earnings visibility in peers. The company posts an ROE of 18.6%, suggesting efficient capital utilisation relative to equity.
Key Levels to Watch
The 52‑week range spans ₹356 to ₹482, placing the current price approximately 4.5 % above the low and 22.6 % below the high. Open‑interest data points around the ₹370‑₹380 band act as a potential support‑resistance zone.
Chart Pattern
On the daily chart, a gravestone doji and a bearish harami appeared ten days ago, both classified as bearish reversal formations. These formations emerged on the daily timeframe, indicating that the short‑term price structure has experienced a potential exhaustion of bullish momentum.
Data Summary
Key metrics include a market capitalisation reported as ₹0 Cr, a price‑to‑book ratio of 0, and a consistent volume profile matching the recent average. The combination of a modest P/E, solid ROE and proximity to the lower 52‑week bound frames the current statistical landscape. It also reflects a market capitalisation reported as zero crore, a price‑to‑book multiple of zero, and a volume profile that mirrors the 20‑day average, highlighting a flat trading environment. While the open interest remains unchanged across the observed range.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BHARTIARTL Bharti Airtel Limited | ₹1,948 | ₹11.8L Cr | 37.8 | 7.95 | 20.3 | 17.6 | 1.77 |
| IDEA Vodafone Idea Limited | ₹12 | ₹1.2L Cr | — | -3.59 | — | -1.72 | -2.83 |
| TATACOMM Tata Communications Limited | ₹— | ₹47K Cr | 39 | 19.09 | 32.6 | 14.6 | 3.35 |
| STLTECH Sterlite Technologies Limited | ₹— | ₹42K Cr | 56.7 | 14.04 | 1.24 | 7.65 | 0.86 |
| HFCL HFCL Limited | ₹— | ₹37K Cr | 42.4 | 5.73 | 6.98 | 10.8 | 0.38 |
| ITI ITI Limited | ₹— | ₹21K Cr | — | — | -8.86 | 2.1 | 0.9 |
| TTML Tata Teleservices (Maharashtra) Limited | ₹— | ₹7K Cr | — | -0.42 | — | -12.7 | -7.54 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
INDUSTOWER · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 68.99% | 68.99% | 52.01% | 53.01% | 50.00% | 50.00% |
| FII | 20.71% | 16.40% | 23.15% | 24.19% | 26.15% | 26.42% |
| DII | 7.08% | 9.90% | 16.97% | 16.99% | 17.79% | 18.41% |
| Public | 3.18% | 4.68% | 7.82% | 5.81% | 6.01% | 5.12% |
| Others | 0.04% | 0.04% | 0.03% | 0.01% | 0.04% | 0.03% |
Corporate Events
To consider and approve the Audited Financial Results (Standalone & Consolidated) for the second quarter (Q2) and half year ended on September 30, 2026.
Dividend - Rs 14 Per Share
To consider and approve the Audited Financial Results (Standalone & Consolidated) for the first quarter (Q1) ended on June 30, 2026
To consider and approve the Audited Financial Results (Standalone & Consolidated) for the fourth quarter (Q4) and Financial Year ended on March 31, 2026
Indus Towers Limited has informed the Exchange regarding Notice of Board Meeting to consider recommendation/ declaration of Dividend
Buy Back
Latest News
All newsReplus Engitech, Indus Towers partner on telecom energy storage
*Replus Engitech and Indus Towers have partnered to develop energy storage solutions for telecom infrastructure.* The collaboration aims to enhance power efficiency across towers using advanced battery tech. While financial details weren’t disclosed, the move supports green energy adoption in telecom. 📊 *STOCKS:* | 🏢 *SECTOR:* Telecom | #MEDIUMIMPACT #EnergyStorage
Indus Towers to host analyst and investor meet
*Indus Towers to host an analyst and investor meet.* The company will provide updates during the call. No financial figures or major announcements were disclosed. Event scheduled per NSE corporate filing. 📊 *STOCKS:* INDUSTOWER | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
Indus Towers announces 20th AGM via newspaper publication
*Indus Towers announces 20th AGM via newspaper publication.* The company has released a notice regarding the upcoming Annual General Meeting as required under regulatory norms. **No financial updates or material changes** were disclosed in the filing. The announcement is a routine compliance requirement. 📊 *STOCKS:* $INDUSTOWER | 🏢 *SECTOR:* Telecom | #LOWIMPACT #AGM
Indus Towers publishes newspaper notice for fund authority
*Indus Towers publishes newspaper notice for fund authority.* This is a routine corporate disclosure related to financial permissions. No immediate business or financial impact is indicated. Such filings are typically procedural. 📊 *STOCKS:* INDUSTOWER | 🏢 *SECTOR:* Telecom | #LOWIMPACT #CorporateFiling
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹8.1K Cr 0.5% | ₹8.2K Cr 1.6% | ₹8.1K Cr 4.3% | ₹7.7K Cr 2.4% | ₹7.5K Cr 1.1% | ₹7.5K Cr 1.1% | ₹7.4K Cr 2.6% | ₹7.2K Cr |
| Op. Profit | ₹4.5K Cr 2.3% | ₹4.6K Cr 4.1% | ₹4.4K Cr 0.1% | ₹4.4K Cr 36.8% | ₹7.0K Cr 43.1% | ₹4.9K Cr 8.0% | ₹4.5K Cr 10.6% | ₹4.1K Cr |
| OPM | 55.0% 1.8% | 56.0% 3.7% | 54.0% 5.3% | 57.0% 38.0% | 92.0% 41.5% | 65.0% 6.6% | 61.0% 7.0% | 57.0% |
| Net Profit | ₹1.8K Cr 3.4% | ₹1.8K Cr 5.9% | ₹1.7K Cr 2.4% | ₹1.8K Cr 55.6% | ₹4.0K Cr 80.0% | ₹2.2K Cr 15.5% | ₹1.9K Cr 3.9% | ₹1.9K Cr |
| EPS (₹) | 6.73 3.4% | 6.97 5.9% | 6.58 2.4% | 6.74 55.6% | 15.17 80.0% | 8.43 17.9% | 7.15 3.9% | 6.88 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹32.5K Cr 7.9% | ₹30.1K Cr 5.3% | ₹28.6K Cr 0.8% | ₹28.4K Cr 2.4% | ₹27.7K Cr 98.6% | ₹14.0K Cr 106.9% | ₹6.7K Cr 1.2% | ₹6.8K Cr 3.1% | ₹6.6K Cr 8.8% | ₹6.1K Cr |
| Expenses | ₹14.7K Cr 55.0% | ₹9.5K Cr 32.5% | ₹14.0K Cr 25.0% | ₹18.7K Cr 46.0% | ₹12.8K Cr 89.2% | ₹6.8K Cr 112.7% | ₹3.2K Cr 14.2% | ₹3.7K Cr 7.2% | ₹3.5K Cr 6.3% | ₹3.3K Cr |
| Op. Profit | ₹17.8K Cr 13.7% | ₹20.6K Cr 41.9% | ₹14.6K Cr 50.6% | ₹9.7K Cr 35.1% | ₹14.9K Cr 107.6% | ₹7.2K Cr 101.8% | ₹3.6K Cr 14.3% | ₹3.1K Cr 1.4% | ₹3.2K Cr 11.8% | ₹2.8K Cr |
| OPM | 55.0% 20.3% | 69.0% 35.3% | 51.0% 50.0% | 34.0% 37.0% | 54.0% 5.9% | 51.0% 3.8% | 53.0% 15.2% | 46.0% 4.2% | 48.0% 4.3% | 46.0% |
| Other Income | ₹818 Cr 7.1% | ₹764 Cr 48.7% | ₹1.5K Cr 1652.9% | ₹85 Cr 81.4% | ₹458 Cr 63.7% | ₹1.3K Cr 31.6% | ₹1.8K Cr 18.4% | ₹1.6K Cr 2.5% | ₹1.6K Cr 18.4% | ₹2.0K Cr |
| Interest | ₹1.9K Cr 1.9% | ₹1.9K Cr 0.3% | ₹1.9K Cr 11.6% | ₹1.7K Cr 4.2% | ₹1.6K Cr 91.7% | ₹836 Cr 149.6% | ₹335 Cr 532.1% | ₹53 Cr 15.2% | ₹46 Cr 17.9% | ₹39 Cr |
| Depreciation | ₹7.1K Cr 11.5% | ₹6.4K Cr 5.6% | ₹6.1K Cr 13.8% | ₹5.3K Cr 0.0% | ₹5.3K Cr 87.0% | ₹2.8K Cr 122.2% | ₹1.3K Cr 20.3% | ₹1.1K Cr 9.7% | ₹1.2K Cr 1.2% | ₹1.2K Cr |
| PBT | ₹9.6K Cr 27.0% | ₹13.2K Cr 62.0% | ₹8.1K Cr 194.4% | ₹2.8K Cr 67.3% | ₹8.4K Cr 77.2% | ₹4.8K Cr 25.6% | ₹3.8K Cr 6.6% | ₹3.6K Cr 0.7% | ₹3.5K Cr 1.4% | ₹3.6K Cr |
| Tax % | 26.0% 8.3% | 24.0% 7.7% | 26.0% 0.0% | 26.0% 8.3% | 24.0% 14.3% | 21.0% 61.5% | 13.0% 56.7% | 30.0% 3.4% | 29.0% 26.1% | 23.0% |
| Net Profit | ₹7.1K Cr 28.1% | ₹9.9K Cr 64.5% | ₹6.0K Cr 195.9% | ₹2.0K Cr 68.0% | ₹6.4K Cr 68.6% | ₹3.8K Cr 14.5% | ₹3.3K Cr 32.3% | ₹2.5K Cr 0.0% | ₹2.5K Cr 9.2% | ₹2.7K Cr |
| EPS (₹) | 27.08 28.1% | 37.65 68.1% | 22.4 195.9% | 7.57 68.0% | 23.65 68.7% | 14.02 21.4% | 17.83 32.3% | 13.48 0.0% | 13.48 9.2% | 14.85 |
| Div Payout | 52.0% | 0.0% | 0.0% | 0.0% 100.0% | 47.0% 67.1% | 143.0% 142.4% | 59.0% 46.8% | 111.0% 6.7% | 104.0% 3.7% | 108.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹2.6K Cr 0.0% | ₹2.6K Cr 2.1% | ₹2.7K Cr 0.0% | ₹2.7K Cr 0.0% | ₹2.7K Cr 0.0% | ₹2.7K Cr 45.7% | ₹1.9K Cr 0.0% | ₹1.9K Cr 0.0% | ₹1.9K Cr 0.0% | ₹1.9K Cr |
| Reserves | ₹33.5K Cr 12.1% | ₹29.9K Cr 22.7% | ₹24.3K Cr 32.2% | ₹18.4K Cr 5.4% | ₹19.5K Cr 47.6% | ₹13.2K Cr 12.7% | ₹11.7K Cr 7.8% | ₹12.7K Cr 16.1% | ₹15.1K Cr 10.7% | ₹13.7K Cr |
| Borrowings | ₹20.9K Cr 1.0% | ₹21.2K Cr 3.0% | ₹20.5K Cr 7.0% | ₹19.2K Cr 2.7% | ₹19.7K Cr 8.6% | ₹21.6K Cr 366.3% | ₹4.6K Cr 77016.7% | ₹6 Cr | ₹0 Cr 100.0% | ₹278 Cr |
| Other Liabilities | ₹10.1K Cr 6.6% | ₹9.5K Cr 14.7% | ₹8.3K Cr 32.2% | ₹6.3K Cr 3.1% | ₹6.1K Cr 18.7% | ₹7.5K Cr 372.9% | ₹1.6K Cr 38.5% | ₹2.6K Cr 3.2% | ₹2.7K Cr 48.5% | ₹5.2K Cr |
| Total Liabilities | ₹67.2K Cr 6.4% | ₹63.2K Cr 13.1% | ₹55.9K Cr 20.0% | ₹46.6K Cr 2.9% | ₹48.0K Cr 6.7% | ₹44.9K Cr 127.5% | ₹19.8K Cr 15.4% | ₹17.1K Cr 12.8% | ₹19.6K Cr 6.3% | ₹20.9K Cr |
Assets | ||||||||||
| Fixed Assets | ₹46.9K Cr 5.7% | ₹44.4K Cr 12.9% | ₹39.3K Cr 21.4% | ₹32.4K Cr 1.8% | ₹31.8K Cr 0.1% | ₹31.8K Cr 373.6% | ₹6.7K Cr 25.9% | ₹5.3K Cr 4.7% | ₹5.6K Cr 3.4% | ₹5.8K Cr |
| CWIP | ₹623 Cr 9.9% | ₹567 Cr 34.4% | ₹422 Cr 18.9% | ₹355 Cr 98.3% | ₹179 Cr 34.7% | ₹274 Cr 407.4% | ₹54 Cr 54.2% | ₹118 Cr 7.3% | ₹110 Cr 89.7% | ₹58 Cr |
| Investments | ₹2.9K Cr 97.1% | ₹1.5K Cr 49433.3% | ₹3 Cr 98.9% | ₹276 Cr 83.3% | ₹1.7K Cr 27.3% | ₹2.3K Cr 79.7% | ₹11.2K Cr 12.8% | ₹9.9K Cr 19.6% | ₹12.3K Cr 10.3% | ₹11.2K Cr |
| Other Assets | ₹16.7K Cr 0.0% | ₹16.7K Cr 3.7% | ₹16.1K Cr 19.1% | ₹13.6K Cr 5.3% | ₹14.3K Cr 35.0% | ₹10.6K Cr 483.9% | ₹1.8K Cr 3.2% | ₹1.8K Cr 10.4% | ₹1.6K Cr 59.3% | ₹3.9K Cr |
| Total Assets | ₹67.2K Cr 6.4% | ₹63.2K Cr 13.1% | ₹55.9K Cr 20.0% | ₹46.6K Cr 2.9% | ₹48.0K Cr 6.7% | ₹44.9K Cr 127.5% | ₹19.8K Cr 15.4% | ₹17.1K Cr 12.8% | ₹19.6K Cr 6.3% | ₹20.9K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹19.6K Cr 69.6% | ₹11.6K Cr 46.5% | ₹7.9K Cr 13.3% | ₹9.1K Cr 21.9% | ₹7.5K Cr 223.2% | ₹2.3K Cr 26.7% | ₹3.2K Cr 8.9% | ₹3.5K Cr 21.0% | ₹2.9K Cr 49.9% | ₹1.9K Cr |
| Investing CF | ₹-10.9K Cr 44.6% | ₹-7.5K Cr 336.2% | ₹-1.7K Cr 20.4% | ₹-2.2K Cr 220.9% | ₹1.8K Cr 277.7% | ₹-1.0K Cr 163.3% | ₹1.6K Cr 186.3% | ₹-1.9K Cr 682.7% | ₹-237 Cr 115.3% | ₹1.5K Cr |
| Financing CF | ₹-8.6K Cr 116.5% | ₹-4.0K Cr 44.0% | ₹-7.1K Cr 19.2% | ₹-6.0K Cr 36.2% | ₹-9.4K Cr 691.3% | ₹-1.2K Cr 75.3% | ₹-4.8K Cr 34.9% | ₹-3.6K Cr 33.1% | ₹-2.7K Cr 83.8% | ₹-1.5K Cr |
| Net Cash Flow | ₹87 Cr 112.2% | ₹41 Cr 104.3% | ₹-958 Cr 199.2% | ₹966 Cr 1085.7% | ₹-98 Cr 183.1% | ₹118 Cr 427.8% | ₹-36 Cr 98.1% | ₹-1.9K Cr 4519.0% | ₹-42 Cr 102.1% | ₹2.0K Cr |
| Free Cash Flow | ₹13.4K Cr 326.9% | ₹3.1K Cr 33.8% | ₹4.7K Cr 24.2% | ₹6.3K Cr 13.1% | ₹5.5K Cr 248.6% | ₹1.6K Cr 31.9% | ₹2.3K Cr 7.6% | ₹2.5K Cr 28.6% | ₹2.0K Cr 76.1% | ₹1.1K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58d 29.3% | 82d 30.2% | 63d 32.3% | 93d 7.0% | 100d 400.0% | 20d 31.0% | 29d 93.3% | 15d 16.7% | 18d 38.5% | 13d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 58d 29.3% | 82d 30.2% | 63d 32.3% | 93d 7.0% | 100d 400.0% | 20d 31.0% | 29d 93.3% | 15d 16.7% | 18d 38.5% | 13d |
| Working Capital Days | -2d 166.7% | 3d 0.0% | 3d 72.7% | 11d 106.4% | -173d 16.1% | -149d 520.8% | -24d 41.5% | -41d 80.2% | -207d 392.9% | -42d |
| ROCE | 29.0% 31.8% | 22.0% 100.0% | 11.0% 56.0% | 25.0% 31.6% | 19.0% 17.4% | 23.0% 9.5% | 21.0% 8.7% | 23.0% 27.8% | 18.0% 28.6% | 14.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Indus Towers Limited
Indus Towers Limited is engaged in the business of object of, inter-alia, setting up, operating and maintaining wireless communication towers.[1]
TelecommunicationTelecom - Services