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Indus Towers

₹433.9 -4.4 | 1%

Last updated: 15:59

Consolidated Standalone

Last updated: 15:59

Indus Towers Overview

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 gree...Read More

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Indus Towers Key Financials

Market Cap ₹114457 Cr.

Stock P/E 11.5

P/B 3.2

Current Price ₹433.9

Book Value ₹ 136.8

Face Value 10

52W High ₹455

Dividend Yield 0%

52W Low ₹ 312.6

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Indus Towers Share Price

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Price

Indus Towers Quarterly Price

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Indus Towers Peer Comparison

Indus Towers Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 7076 7133 7199 7193 7383 7465 7547 7727 8058 8188
Other Income 133 309 602 445 104 158 291 211 163 170
Total Income 7209 7442 7801 7639 7487 7623 7838 7938 8221 8358
Total Expenditure 3596 3711 3615 3122 2879 2602 589 3403 3708 3616
Operating Profit 3613 3731 4186 4517 4608 5022 7249 4535 4513 4742
Interest 428 459 514 464 456 461 462 479 475 462
Depreciation 1374 1526 1596 1565 1561 1580 1569 1693 1704 1801
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1810 1747 2077 2489 2592 2980 5219 2363 2334 2478
Provision for Tax 462 452 536 636 666 757 1216 584 597 639
Profit After Tax 1348 1295 1541 1853 1926 2224 4003 1779 1737 1839
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1348 1295 1541 1853 1926 2224 4003 1779 1737 1839
Adjusted Earnings Per Share 5 4.8 5.7 6.9 7.1 8.4 15.2 6.7 6.6 7

Indus Towers Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 11668 5558 6085 6621 6826 6743 13954 27717 28382 28601 30123 31520
Other Income 528 641 765 481 636 466 442 576 578 1570 5888 835
Total Income 12196 6199 6849 7102 7462 7209 14397 28293 28960 30171 36011 32355
Total Expenditure 6670 3139 3260 3623 3808 3185 6821 12934 18713 14125 14597 11316
Operating Profit 5526 3060 3590 3479 3654 4024 7575 15359 10246 16046 21414 21039
Interest 290 33 39 47 53 335 836 1603 1670 1864 1858 1878
Depreciation 2185 1155 1166 1180 1066 1282 2848 5325 5324 6060 6402 6767
Exceptional Income / Expenses 0 0 0 -26 0 0 0 0 -493 0 0 0
Profit Before Tax 3052 2979 3580 3529 3553 3788 4757 8431 2759 8122 13154 12394
Provision for Tax 1059 732 833 1036 1059 489 978 2058 719 2086 3222 3036
Profit After Tax 1992 2247 2747 2494 2494 3299 3779 6373 2040 6036 9932 9358
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1992 2247 2747 2494 2494 3299 3779 6373 2040 6036 9932 9358
Adjusted Earnings Per Share 10.5 11.8 14.9 13.5 13.5 17.8 14 23.6 7.6 22.4 37.6 35.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 5% 3% 35% 10%
Operating Profit CAGR 33% 12% 40% 15%
PAT CAGR 65% 16% 25% 17%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 22% 34% 11% 1%
ROE Average 33% 23% 25% 20%
ROCE Average 45% 32% 33% 26%

Indus Towers Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 17020 18242 15499 16964 14532 13542 15877 22151 21110 27039 32498
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1566 0 0 0 0 0 1505 2374 2434 1504 153
Other Non-Current Liabilities 5622 1045 868 845 808 2252 13611 14616 13644 16092 20730
Total Current Liabilities 5069 3497 4574 1816 1775 3826 13951 8827 8163 10157 9787
Total Liabilities 29278 22783 20941 19625 17115 19621 44944 47968 45351 54792 63168
Fixed Assets 14812 6063 5794 5595 5332 6714 31800 31826 32384 39300 44380
Other Non-Current Assets 8731 8868 10271 6419 7502 7955 3514 3830 4259 5002 5858
Total Current Assets 5735 7852 4876 7612 4280 4951 9630 12311 8708 10490 12930
Total Assets 29278 22783 20941 19625 17115 19621 44944 47968 45351 54792 63168

Indus Towers Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 164 6 2013 1971 31 -5 112 14 980 22 63
Cash Flow from Operating Activities 3990 1912 2866 3469 3159 2315 7481 9121 7905 11582 19645
Cash Flow from Investing Activities -937 1548 -237 -1855 1600 -1012 1798 -2174 -1730 -7546 -10911
Cash Flow from Financing Activities -3188 -1453 -2671 -3555 -4795 -1185 -9377 -5982 -7133 -3995 -8648
Net Cash Inflow / Outflow -136 2007 -42 -1941 -36 118 -98 966 -958 41 87
Closing Cash & Cash Equivalent 29 2013 1971 31 -5 112 14 980 22 63 150

Indus Towers Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 10.52 11.85 14.85 13.48 13.48 17.83 14.02 23.65 7.57 22.4 37.65
CEPS(Rs) 22.06 17.94 21.15 19.86 19.25 24.76 24.59 43.41 27.33 44.89 61.92
DPS(Rs) 11 3 16 14 15 10.5 20.12 11 0 0 0
Book NAV/Share(Rs) 89.56 96.11 83.77 91.68 78.53 73.19 58.9 82.16 78.29 100.28 123.12
Core EBITDA Margin(%) 42.84 43.53 46.43 45.29 44.22 52.76 51.12 53.34 34.07 50.61 51.54
EBIT Margin(%) 28.64 54.19 59.48 54 52.82 61.14 40.08 36.2 15.61 34.92 49.83
Pre Tax Margin(%) 26.15 53.6 58.83 53.3 52.05 56.17 34.09 30.42 9.72 28.4 43.67
PAT Margin (%) 17.08 40.43 45.15 37.66 36.53 48.92 27.08 22.99 7.19 21.11 32.97
Cash Profit Margin (%) 35.8 61.21 64.3 55.49 52.15 67.93 47.49 42.21 25.95 42.29 54.22
ROA(%) 6.69 8.63 12.57 12.29 13.58 17.96 11.71 13.72 4.37 12.06 16.84
ROE(%) 11.43 12.77 16.29 15.37 15.84 23.51 25.7 33.53 9.44 25.09 33.38
ROCE(%) 16.31 15.92 21.28 21.84 22.89 27.03 27.97 38.83 16.57 34.93 45.41
Receivable days 10.33 18.02 14.86 15.84 22.07 24.85 54.87 71.68 76.69 72.23 67.97
Inventory Days 0 0 0 0 0 0 0 0 0 0 0.09
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 36.58 32.26 21.91 24.94 23.25 8.98 17.49 9.39 18.9 13 8.87
Price/Book(x) 4.3 3.98 3.89 3.67 3.99 2.19 4.16 2.7 1.83 2.9 2.71
Dividend Yield(%) 2.86 0.78 4.92 4.16 4.79 6.56 8.2 4.95 0 0 0
EV/Net Sales(x) 6.39 12.47 9.57 9.39 8.49 4.73 5.32 2.32 1.52 2.89 2.94
EV/Core EBITDA(x) 13.49 22.66 16.22 17.87 15.87 7.92 9.8 4.19 4.22 5.15 4.14
Net Sales Growth(%) 7.77 -52.36 9.47 8.82 3.1 -1.22 106.94 98.63 2.4 0.77 5.32
EBIT Growth(%) 22.73 -9.86 20.15 -1.2 0.84 14.34 35.68 79.39 -55.85 125.44 50.32
PAT Growth(%) 31.26 12.8 22.23 -9.22 0 32.28 14.56 68.65 -67.99 195.89 64.54
EPS Growth(%) 30.95 12.63 25.34 -9.22 0 32.28 -21.37 68.64 -67.99 195.89 68.08
Debt/Equity(x) 0.15 0 0.02 0 0 0.18 0.51 0.25 0.22 0.16 0.07
Current Ratio(x) 1.13 2.25 1.07 4.19 2.41 1.29 0.69 1.39 1.07 1.03 1.32
Quick Ratio(x) 1.13 2.25 1.07 4.19 2.43 1.29 0.69 1.39 1.07 1.03 1.32
Interest Cover(x) 11.52 91.28 91.86 76.9 68.16 12.31 6.69 6.26 2.65 5.36 8.08
Total Debt/Mcap(x) 0.04 0 0 0 0 0.08 0.12 0.09 0.12 0.06 0.03

Indus Towers Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 69 69 69 69 52.01 53.01 50 50 50 51.03
FII 23.93 21.41 20.71 16.4 23.15 24.19 26.15 26.42 27.51 26.2
DII 4.52 6.7 7.08 9.89 16.98 16.95 17.76 18.41 18.17 18.24
Public 2.55 2.9 3.21 4.71 7.85 5.85 6.09 5.16 4.31 4.52
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Indus Towers News

Indus Towers Pros & Cons

Pros

  • Company has delivered good profit growth of 24% CAGR over last 5 years
  • 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 3.2 times its book value.

* The pros and cons are machine generated.

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