Indus Towers Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Strong return on equity (ROE 19.8%)
- ✓Efficient capital deployment (ROCE 19.5%)
- ✓Attractively valued vs sector (P/E 15.9x vs industry 33.3x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BHARTIARTL Bharti Airtel Limited | ₹1,798 | ₹11.1L Cr | 38.5 | 7.34 | 21.9 | 18.5 | 1.77 |
| IDEA Vodafone Idea Limited | ₹15 | ₹1.5L Cr | — | -4.53 | — | -1.6 | -2.83 |
| TATACOMM Tata Communications Limited | ₹1,973 -0.66% | ₹54K Cr | 49.5 | 19.09 | 34 | 14.7 | 3.35 |
| HFCL HFCL Limited | ₹187 -5% | ₹29K Cr | 93.3 | 5.73 | 6.95 | 10.9 | 0.38 |
| STLTECH Sterlite Technologies Limited | ₹619 -4.96% | ₹29K Cr | 606 | 14.04 | 2.24 | 7.75 | 0.86 |
| ITI ITI Limited | ₹302 +0.07% | ₹29K Cr | — | 15.25 | -8.86 | 1.41 | 0.9 |
| RAILTEL Railtel Corporation Of India Limited | ₹313 -0.35% | ₹10K Cr | 54 | 4.48 | 12 | 16.2 | 0.03 |
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 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
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 | ₹477 Cr ▼37.6% | ₹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 | ₹1.6K Cr ▼16.5% | ₹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]
Telecommunication · Telecom - Services