Indus Towers Limited INDUSTOWER NIFTY_MIDNSE
Company Overview
Indus Towers Limited, a telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia. It offers ground base towers, smart poles, and rooftop tower; and energy supply to telecom equipment, as well as engages in site acquisition from state governments, military, establishments, educational institutions, municipalities, households, transportation authorities, and private enterprises. The company also provides smart digital infrastructure, which includes smart poles LED lights, CCTV cameras, variable digital messaging board, environment sensors, and city public Wi-Fi services, including fiber backbone. In addition, it offers grid energy, diesel, and renewable energy and energy storage; small cells, FTTH, and one web; in-building solutions; and other projects. The company was formerly known as Bharti Infratel Limited and changed its name to Indus Towers Limited in December 2020. Indus Towers Limited was incorporated in 2006 and is based in Gurugram, India. Indus Towers Limited operates as a subsidiary of Bharti Airtel Limited.
Why Investors Should Care
Generates a return on equity of 18.0%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 18.4%.
Net profit has compounded at 51.9% per year over the last five years.
Trades at a P/E of 13.9, below the sector median of 26.1.
Maintains a net profit margin of 22.0%.
Offers a dividend yield of 3.65%.
Recent Developments
- Mar 2026 Revenue of ₹32,493.10 Cr (+7.9% YoY); net profit ₹7,144.90 Cr.
- Trailing 12 Months Year-on-year growth — revenue +7.9%, earnings -28.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 4.6%, profit CAGR 51.9%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 4.61% |
| 1 Year: | 7.87% |
Compounded Profit Growth
| 5 Years: | 51.86% |
| 1 Year: | -28.06% |
Stock Price Performance
| 1 Year: | +15.16% |
| 6 Months: | -13.51% |
| 3 Months: | -6.78% |
| 1 Month: | +2.00% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)48.74 · Neutral
P/E of 13.91 is below the sector median of 26.05 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 22.0%.
- Profit CAGR of 51.9% over 5 years.
- Attractive dividend yield of 3.65%.
- Generates positive free cash flow.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Communication Services).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | INDUSTOWER Indus Towers Limited NIFTY_MIDNSE | 376.80 | 13.91 | ₹99,405.97 Cr | 3.65% | 18.39% | 18.02% | 4.61% | 51.86% |
| 2 | BHARTIARTL Bharti Airtel Limited NIFTY50NSEAI | 1,840.00 | 41.47 | ₹11.21 L Cr | 1.23% | 16.69% | 17.91% | 14.88% | 47.34% |
| 3 | IDEA Vodafone Idea Limited NIFTY_MIDNSE | 15.02 | 4.68 | ₹1.63 L Cr | 0.00% | 36.90% | -96.63% | 2.05% | 72.64% |
| 4 | NAUKRI Info Edge (India) Limited NIFTY_MIDNSEAITECH | 1,319.80 | 59.03 | ₹85,578.55 Cr | 1.16% | 4.71% | 3.82% | 11.88% | 483.26% |
| 5 | BHARTIHEXA BHARTI HEXACOM LIMITED NIFTY_MIDNSE | 1,495.40 | 43.14 | ₹74,770.00 Cr | 1.16% | 21.11% | 24.19% | 12.45% | 46.68% |
| 6 | TATACOMM Tata Communications Limited NIFTY_MIDNSEAI | 1,756.10 | 50.05 | ₹50,048.85 Cr | 1.01% | 15.29% | 29.06% | 11.58% | -17.69% |
| 7 | PFOCUS Prime Focus Limited NSE | 307.00 | -24.42 | ₹23,822.91 Cr | 0.00% | 24.91% | 10.47% | -0.29% | 14.09% |
| 8 | AFFLE Affle 3i Limited NIFTY_SMALLNSEAI | 1,616.50 | 50.02 | ₹22,753.43 Cr | 0.00% | 15.30% | 12.45% | 23.64% | 22.97% |
| 9 | SUNTV Sun TV Network Limited NIFTY_SMALLNSE | 470.90 | 12.88 | ₹18,557.44 Cr | 1.02% | 15.31% | 11.39% | 4.74% | -5.51% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,753.00 Cr | 7,076.00 Cr | 7,132.00 Cr | 7,199.00 Cr | 7,193.00 Cr | 7,383.00 Cr | 7,465.00 Cr | - | 7,727.10 Cr | 8,057.60 Cr | 8,188.00 Cr | 8,146.30 Cr | 8,101.00 Cr | 8,431.10 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 2,830.40 Cr | 3,070.10 Cr | - | 2,954.30 Cr | 2,892.90 Cr | 3,197.90 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 4,896.70 Cr | 4,987.50 Cr | - | 5,192.00 Cr | 5,208.10 Cr | 5,233.20 Cr |
| Operating Expenses | 3,320.00 Cr | 3,596.00 Cr | 3,711.00 Cr | 3,615.00 Cr | 3,122.00 Cr | 2,879.00 Cr | 2,602.00 Cr | - | 2,194.50 Cr | 2,301.70 Cr | 3,616.00 Cr | 2,481.40 Cr | 2,581.60 Cr | 2,606.00 Cr |
| Operating Income | 2,113.00 Cr | 2,106.00 Cr | 1,896.00 Cr | 1,988.00 Cr | 2,508.00 Cr | 2,944.00 Cr | 3,284.00 Cr | - | 2,702.20 Cr | 2,685.80 Cr | 2,771.00 Cr | 2,710.60 Cr | 2,626.50 Cr | 2,627.20 Cr |
| EBITDA | 3,433.00 Cr | 3,480.00 Cr | 3,422.00 Cr | 3,584.00 Cr | 4,072.00 Cr | 4,504.00 Cr | 4,864.00 Cr | - | 4,622.90 Cr | 4,512.80 Cr | 4,572.00 Cr | 4,705.20 Cr | 4,672.00 Cr | 4,726.50 Cr |
| Interest Expense | 336.00 Cr | 352.00 Cr | 246.00 Cr | 11.00 Cr | 127.00 Cr | 408.00 Cr | 418.00 Cr | - | 479.10 Cr | 474.70 Cr | 376.00 Cr | 487.00 Cr | 468.90 Cr | 485.50 Cr |
| Pretax Income | 1,893.00 Cr | 1,810.00 Cr | 1,747.00 Cr | 2,076.00 Cr | 2,489.00 Cr | 2,592.00 Cr | 2,980.00 Cr | - | 2,363.00 Cr | 2,333.80 Cr | 2,478.00 Cr | 2,420.30 Cr | 2,365.30 Cr | 2,347.40 Cr |
| Tax Provision | 492.18 Cr | 470.60 Cr | 454.22 Cr | 539.76 Cr | 647.14 Cr | 673.92 Cr | 745.00 Cr | - | 583.90 Cr | 597.00 Cr | 644.28 Cr | 644.40 Cr | 572.40 Cr | 601.60 Cr |
| Net Income | 1,399.00 Cr | 1,348.00 Cr | 1,295.00 Cr | 1,540.00 Cr | 1,853.00 Cr | 1,926.00 Cr | 2,224.00 Cr | - | 1,779.10 Cr | 1,736.80 Cr | 1,839.00 Cr | 1,775.90 Cr | 1,792.90 Cr | 1,745.80 Cr |
| Diluted EPS | 5.19 | 5.00 | 4.80 | 5.72 | 6.88 | 7.15 | 8.43 | - | 6.75 | 6.59 | 6.97 | 6.73 | 6.80 | 6.62 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11,668.00 Cr | 5,558.00 Cr | 6,085.00 Cr | 6,621.00 Cr | 6,826.00 Cr | 6,743.00 Cr | 13,954.00 Cr | - | 28,381.80 Cr | 28,600.60 Cr | 30,122.80 Cr | 32,493.10 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 10,590.80 Cr | 11,149.90 Cr | 11,448.80 Cr | 12,004.90 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 17,791.00 Cr | 17,450.70 Cr | 18,674.00 Cr | 20,488.20 Cr |
| Operating Expenses | 6,664.00 Cr | 3,070.00 Cr | 3,260.00 Cr | 3,464.00 Cr | 3,714.00 Cr | 3,185.00 Cr | 6,775.00 Cr | - | 13,347.90 Cr | 8,816.70 Cr | 4,231.40 Cr | 9,653.40 Cr |
| Operating Income | 2,819.00 Cr | 1,333.00 Cr | 1,659.00 Cr | 1,977.00 Cr | 2,046.00 Cr | 2,276.00 Cr | 4,331.00 Cr | - | 4,443.10 Cr | 8,634.00 Cr | 14,442.60 Cr | 10,834.80 Cr |
| EBITDA | 5,004.00 Cr | 2,488.00 Cr | 2,825.00 Cr | 3,157.00 Cr | 3,112.00 Cr | 3,558.00 Cr | 7,179.00 Cr | - | 9,869.80 Cr | 16,094.40 Cr | 21,477.70 Cr | 18,680.90 Cr |
| Interest Expense | 290.00 Cr | 33.00 Cr | 39.00 Cr | 46.00 Cr | 53.00 Cr | 335.00 Cr | 836.00 Cr | - | 1,669.50 Cr | 1,812.00 Cr | 1,834.10 Cr | 1,862.80 Cr |
| Pretax Income | 3,052.00 Cr | 2,979.00 Cr | 3,580.00 Cr | 3,529.00 Cr | 3,553.00 Cr | 3,788.00 Cr | 4,757.00 Cr | - | 2,759.30 Cr | 8,122.40 Cr | 13,153.70 Cr | 9,597.80 Cr |
| Tax Provision | 1,068.20 Cr | 744.75 Cr | 823.40 Cr | 1,023.41 Cr | 1,065.90 Cr | 492.44 Cr | 998.97 Cr | - | 719.30 Cr | 2,086.20 Cr | 3,222.00 Cr | 2,452.90 Cr |
| Net Income | 1,992.00 Cr | 2,247.00 Cr | 2,747.00 Cr | 2,494.00 Cr | 2,494.00 Cr | 3,299.00 Cr | 3,779.00 Cr | - | 2,040.00 Cr | 6,036.20 Cr | 9,931.70 Cr | 7,144.90 Cr |
| Diluted EPS | 10.52 | 11.85 | 14.85 | 13.48 | 13.48 | 17.83 | 14.02 | 23.65 | 7.57 | 22.40 | 37.31 | 27.09 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 27,155.00 Cr | 20,703.00 Cr | 20,941.00 Cr | 19,625.00 Cr | 17,115.00 Cr | 19,754.00 Cr | 44,944.00 Cr | - | 46,572.40 Cr | 55,867.60 Cr | 63,170.20 Cr | 71,316.10 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 8,707.60 Cr | 10,490.00 Cr | 12,929.80 Cr | 15,518.40 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 22.40 Cr | 63.10 Cr | 149.70 Cr | 47.30 Cr |
| Inventory | - | - | - | - | - | - | - | - | - | 0 | 7.60 Cr | 26.80 Cr |
| Receivables | - | - | - | - | - | - | - | - | 4,868.70 Cr | 6,450.70 Cr | 4,767.50 Cr | 4,939.30 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 25,462.90 Cr | 28,828.80 Cr | 30,671.90 Cr | 31,670.50 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 8,162.80 Cr | 10,156.50 Cr | 9,786.80 Cr | 9,003.00 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 2,434.00 Cr | 1,504.40 Cr | 153.20 Cr | 0 |
| Total Debt | 2,582.00 Cr | 0 | 278.00 Cr | 0 | 6.00 Cr | 4,627.00 Cr | 21,576.00 Cr | - | 19,184.90 Cr | 20,531.00 Cr | 21,155.80 Cr | 21,126.90 Cr |
| Total Equity | 17,020.00 Cr | 18,242.00 Cr | 15,500.00 Cr | 16,965.00 Cr | 14,532.00 Cr | 13,543.00 Cr | 15,877.00 Cr | - | 21,109.50 Cr | 27,038.80 Cr | 32,498.30 Cr | 39,645.60 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 269.49 Cr | 269.49 Cr | 263.82 Cr | 263.82 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 3,990.00 Cr | 1,912.00 Cr | 2,866.00 Cr | 3,469.00 Cr | 3,159.00 Cr | 2,315.00 Cr | 7,481.00 Cr | - | 7,904.80 Cr | 11,582.10 Cr | 19,645.00 Cr | 15,684.00 Cr |
| Investing Cash Flow | -937.00 Cr | 1,548.00 Cr | -237.00 Cr | -1,855.00 Cr | 1,600.00 Cr | -1,012.00 Cr | 1,798.00 Cr | - | -1,730.00 Cr | -7,546.20 Cr | -10,910.50 Cr | -10,198.30 Cr |
| Financing Cash Flow | -3,188.00 Cr | -1,453.00 Cr | -2,671.00 Cr | -3,555.00 Cr | -4,795.00 Cr | -1,185.00 Cr | -9,377.00 Cr | - | -7,132.60 Cr | -3,995.20 Cr | -8,647.90 Cr | -5,588.10 Cr |
| Capital Expenditure | -1,815.00 Cr | -799.00 Cr | -906.00 Cr | -948.00 Cr | -830.00 Cr | -729.00 Cr | -1,952.00 Cr | - | -3,622.60 Cr | -8,952.90 Cr | -6,784.00 Cr | -8,625.80 Cr |
| Free Cash Flow | 2,175.00 Cr | 1,113.00 Cr | 1,960.00 Cr | 2,521.00 Cr | 2,329.00 Cr | 1,586.00 Cr | 5,529.00 Cr | - | 4,282.20 Cr | 2,629.20 Cr | 12,861.00 Cr | 7,058.20 Cr |
| Net Change in Cash | -136.00 Cr | 2,007.00 Cr | -42.00 Cr | -1,940.00 Cr | -36.00 Cr | 118.00 Cr | -98.00 Cr | - | -957.80 Cr | 40.70 Cr | 86.60 Cr | -102.40 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 62.7% | 61.0% | 62.0% | 63.1% |
| Operating Margin % | 24.2% | 24.0% | 27.3% | 29.9% | 30.0% | 33.8% | 31.0% | - | 15.7% | 30.2% | 47.9% | 33.3% |
| Net Margin % | 17.1% | 40.4% | 45.1% | 37.7% | 36.5% | 48.9% | 27.1% | - | 7.2% | 21.1% | 33.0% | 22.0% |
| ROE % | 11.7% | 12.3% | 17.7% | 14.7% | 17.2% | 24.4% | 23.8% | - | 9.7% | 22.3% | 30.6% | 18.0% |
| ROCE % | - | - | - | - | - | - | - | - | 11.6% | 18.9% | 27.1% | 17.4% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for INDUSTOWER
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INDUSTOWER — Frequently Asked Questions
What is the current share price of Indus Towers Limited (INDUSTOWER)?
As of 2026-09-08 04:53 IST, Indus Towers Limited (INDUSTOWER) trades at ₹376.80 on NSE. Its 52-week range is ₹312.30 to ₹460.42.
What is the market capitalisation of INDUSTOWER?
Indus Towers Limited (INDUSTOWER) has a market capitalisation of ₹99,405.97 Cr on NSE.
What is the P/E ratio of INDUSTOWER?
INDUSTOWER trades at a trailing price-to-earnings (P/E) ratio of 13.91. The industry average P/E is 26.05. Its price-to-book (P/B) ratio is 2.46.
Does INDUSTOWER pay a dividend?
Indus Towers Limited (INDUSTOWER) currently offers a dividend yield of 3.65%.
What is the return on equity (ROE) of INDUSTOWER?
INDUSTOWER has a return on equity (ROE) of 18.02%. Its return on capital employed (ROCE) is 18.39%.
Is INDUSTOWER a good stock to buy?
This page provides a data-driven analysis of Indus Towers Limited (INDUSTOWER), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.