Indus Towers

₹405.2 -1.3 | 0.3%

WEBSITE BSE:534816 NSE : INDUSTOWER 09 Jul, 15:58

Market Cap ₹106885 Cr.

Stock P/E 17.7

P/B 3.3

Current Price ₹405.2

Book Value ₹ 123.2

Face Value 10

52W High ₹460.7

Dividend Yield 0%

52W Low ₹ 312.7

Edit Ratio

Indus Towers Research see more...

Overview Inc. Year: 2006Industry: Telecommunication - Service Provider

Indus Towers Limited, previously known as Bharti Infratel Limited, is an India-based telecom tower company. The Company offers tower and related infrastructure, and deploys, owns and manages telecom towers and communication structures for various cellular operators. The Company's consolidated portfolio consists of approximately 172,094 telecom towers, which includes 314,106 of its very own towers and is covering 22 telecom circles in India. The offerings provided by means of the Company comprises tower, electricity, space, smart cities and green technology.

Indus Towers Share Price

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Indus Towers Quarterly Results

#(Fig in Cr.)	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Net Sales	6765	6753	7076	7133	7199	7193	7383	7465	7547	7727
Other Income	184	196	133	309	602	445	104	158	291	211
Total Income	6949	6949	7209	7442	7801	7639	7487	7623	7838	7938
Total Expenditure	5602	3320	3596	3711	3615	3122	2879	2602	589	3403
Operating Profit	1347	3629	3613	3731	4186	4517	4608	5022	7249	4535
Interest	448	416	428	459	514	464	456	461	462	479
Depreciation	1358	1320	1374	1526	1596	1565	1561	1580	1569	1693
Exceptional Income / Expenses	-493	0	0	0	0	0	0	0	0	0
Profit Before Tax	-952	1893	1810	1747	2077	2489	2592	2980	5219	2363
Provision for Tax	-244	494	462	452	536	636	666	757	1216	584
Profit After Tax	-708	1399	1348	1295	1541	1853	1926	2224	4003	1779
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-708	1399	1348	1295	1541	1853	1926	2224	4003	1779
Adjusted Earnings Per Share	-2.6	5.2	5	4.8	5.7	6.9	7.1	8.4	15.2	6.7

Indus Towers Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	10827	11668	5558	6085	6621	6826	6743	13954	27717	28382	28601	30122
Other Income	452	528	641	765	481	636	466	442	576	578	1570	764
Total Income	11279	12196	6199	6849	7102	7462	7209	14397	28293	28960	30171	30886
Total Expenditure	6430	6670	3139	3260	3623	3808	3185	6821	12934	18713	14125	9473
Operating Profit	4849	5526	3060	3590	3479	3654	4024	7575	15359	10246	16046	21414
Interest	400	290	33	39	47	53	335	836	1603	1670	1864	1858
Depreciation	2126	2185	1155	1166	1180	1066	1282	2848	5325	5324	6060	6403
Exceptional Income / Expenses	0	0	0	0	-26	0	0	0	0	-493	0	0
Profit Before Tax	2323	3052	2979	3580	3529	3553	3788	4757	8431	2759	8122	13154
Provision for Tax	805	1059	732	833	1036	1059	489	978	2058	719	2086	3223
Profit After Tax	1518	1992	2247	2747	2494	2494	3299	3779	6373	2040	6036	9932
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1518	1992	2247	2747	2494	2494	3299	3779	6373	2040	6036	9932
Adjusted Earnings Per Share	8	10.5	11.8	14.9	13.5	13.5	17.8	14	23.6	7.6	22.4	37.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	1%	27%	33%	10%
Operating Profit CAGR	57%	28%	34%	13%
PAT CAGR	196%	17%	19%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	5%	24%	14%	-1%
ROE Average	25%	23%	23%	18%
ROCE Average	35%	30%	29%	23%

Indus Towers Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	18038	17020	18242	15499	16964	14532	13542	15877	22151	21110	27039
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	2584	1566	0	0	0	0	0	1505	2374	2434	1504
Other Non-Current Liabilities	5431	5622	1045	868	845	808	2252	13611	14616	13644	16092
Total Current Liabilities	4215	5069	3497	4574	1816	1775	3826	13951	8827	8163	10157
Total Liabilities	30268	29278	22783	20941	19625	17115	19621	44944	47968	45351	54792
Fixed Assets	15321	14812	6063	5794	5595	5332	6714	31800	31826	32384	39300
Other Non-Current Assets	9351	8731	8868	10271	6419	7502	7955	3514	3830	4259	5002
Total Current Assets	5596	5735	7852	4876	7612	4280	4951	9630	12311	8708	10490
Total Assets	30268	29278	22783	20941	19625	17115	19621	44944	47968	45351	54792

Indus Towers Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	52	164	6	2013	1971	31	-5	112	14	980	22
Cash Flow from Operating Activities	3952	3990	1912	2866	3469	3159	2315	7481	9121	7905	11582
Cash Flow from Investing Activities	-2348	-937	1548	-237	-1855	1600	-1012	1798	-2174	-1730	-7546
Cash Flow from Financing Activities	-1501	-3188	-1453	-2671	-3555	-4795	-1185	-9377	-5982	-7133	-3996
Net Cash Inflow / Outflow	104	-136	2007	-42	-1941	-36	118	-98	966	-958	41
Closing Cash & Cash Equivalent	164	29	2013	1971	31	-5	112	14	980	22	63

Indus Towers Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	8.03	10.52	11.85	14.85	13.48	13.48	17.83	14.02	23.65	7.57	22.4
CEPS(Rs)	19.29	22.06	17.94	21.15	19.86	19.25	24.76	24.59	43.41	27.33	44.89
DPS(Rs)	4.4	11	3	16	14	15	10.5	20.12	11	0	0
Book NAV/Share(Rs)	94.79	89.56	96.11	83.77	91.68	78.53	73.19	58.9	82.16	78.29	100.28
Core EBITDA Margin(%)	40.61	42.84	43.53	46.43	45.29	44.22	52.76	51.12	53.34	34.07	50.61
EBIT Margin(%)	25.15	28.64	54.19	59.48	54	52.82	61.14	40.08	36.2	15.61	34.92
Pre Tax Margin(%)	21.46	26.15	53.6	58.83	53.3	52.05	56.17	34.09	30.42	9.72	28.4
PAT Margin (%)	14.02	17.08	40.43	45.15	37.66	36.53	48.92	27.08	22.99	7.19	21.11
Cash Profit Margin (%)	33.66	35.8	61.21	64.3	55.49	52.15	67.93	47.49	42.21	25.95	42.29
ROA(%)	5.17	6.69	8.63	12.57	12.29	13.58	17.96	11.71	13.72	4.37	12.06
ROE(%)	8.68	11.43	12.77	16.29	15.37	15.84	23.51	25.7	33.53	9.44	25.09
ROCE(%)	12.94	16.31	15.92	21.28	21.84	22.89	27.03	27.97	38.83	16.57	34.93
Receivable days	19.6	10.33	18.02	14.86	15.84	22.07	24.85	54.87	71.68	76.69	72.23
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	25.35	36.58	32.26	21.91	24.94	23.25	8.98	17.49	9.39	18.9	13
Price/Book(x)	2.15	4.3	3.98	3.89	3.67	3.99	2.19	4.16	2.7	1.83	2.9
Dividend Yield(%)	2.16	2.86	0.78	4.92	4.16	4.79	6.56	8.2	4.95	0	0
EV/Net Sales(x)	3.85	6.39	12.47	9.57	9.39	8.49	4.73	5.32	2.32	1.52	2.89
EV/Core EBITDA(x)	8.59	13.49	22.66	16.22	17.87	15.87	7.92	9.8	4.19	4.22	5.15
Net Sales Growth(%)	5.4	7.77	-52.36	9.47	8.82	3.1	-1.22	106.94	98.63	2.4	0.77
EBIT Growth(%)	41.43	22.73	-9.86	20.15	-1.2	0.84	14.34	35.68	79.39	-55.85	125.44
PAT Growth(%)	51.41	31.26	12.8	22.23	-9.22	0	32.28	14.56	68.65	-67.99	195.89
EPS Growth(%)	51.36	30.95	12.63	25.34	-9.22	0	32.28	-21.37	68.64	-67.99	195.89
Debt/Equity(x)	0.19	0.15	0	0.02	0	0	0.18	0.51	0.25	0.22	0.16
Current Ratio(x)	1.33	1.13	2.25	1.07	4.19	2.41	1.29	0.69	1.39	1.07	1.03
Quick Ratio(x)	1.33	1.13	2.25	1.07	4.19	2.43	1.29	0.69	1.39	1.07	1.03
Interest Cover(x)	6.81	11.52	91.28	91.86	76.9	68.16	12.31	6.69	6.26	2.65	5.36
Total Debt/Mcap(x)	0.09	0.04	0	0	0	0	0.08	0.12	0.09	0.12	0.06

Indus Towers Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	69	69	69	69	69	69	52.01	53.01	50	50
FII	26.6	26.63	23.93	21.41	20.71	16.4	23.15	24.19	26.15	26.42
DII	2.88	2.46	4.52	6.7	7.08	9.89	16.98	16.95	17.76	18.41
Public	1.52	1.92	2.55	2.9	3.21	4.71	7.85	5.85	6.09	5.16
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	185.94	185.94	185.94	185.94	185.94	185.94	140.17	139.84	131.92	131.92
FII	71.69	71.76	64.5	57.69	55.82	44.19	62.39	63.82	68.99	69.71
DII	7.76	6.62	12.18	18.05	19.08	26.66	45.77	44.72	46.85	48.57
Public	4.1	5.17	6.87	7.81	8.64	12.7	21.16	15.44	16.06	13.61
Others	0	0	0	0	0	0	0	0	0	0
Total	269.49	269.49	269.49	269.49	269.49	269.49	269.49	263.82	263.82	263.82

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 23%
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 3.3 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Indus Towers News

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Indus Towers

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Indus Towers Research see more...

Overview Inc. Year: 2006Industry: Telecommunication - Service Provider

Indus Towers Share Price

Alert Data

Quarterly Price

Peer Comparison

Indus Towers Quarterly Results

Indus Towers Profit & Loss

Growth Rates

Indus Towers Balance Sheet

Indus Towers Cash Flow

Indus Towers Ratios

Indus Towers Shareholding Pattern

Indus Towers News

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