INDUSTOWER · NSE
Indus Towers Limited
₹375.9
-1.43% (-₹5.45)
Prev. close
₹381.35
Volume
46,96,284
Delivery %
64.7%
As of
18 Sept 2026
Price history
Analyst sentiment
Analysts lean bullish
3 analyst stances · last 90 days · one per analyst
Trackable
3 · 3 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on Indus Towers, recommending a buy at ₹388 with a target of ₹425 and a stop loss at ₹368. The stock is attempti…” | Sumeet BagadiaChoice Equity Broking | Indus Towers | PENDING | |
| “Recommends buying Indus Towers futures in the ₹385-388 range with targets of ₹400 and ₹410, setting a stop loss below ₹3…” | Jay ThakkarICICI Securities | Indus Towers | NOT GRADED | |
| “Bullish on Indus Towers, recommending a buy at ₹380–382 with targets of ₹400–407 and a stop loss at ₹366, citing strong …” | Hitesh RathiAngel One | Indus Towers | PENDING |
Fundamentals
About Indus Towers Limited
Indus Towers Limited, a telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for telecommunication service providers in India, Nigeria, Uganda, and Zambia. It offers ground base towers, smart poles, and rooftop towers; 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, fibre to the home, 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.
Details
Sector
Communication Services
Industry
Telecom Services
CEO
Mr. Prachur Sah
Headquarters
Gurugram
Employees
3,783
Website
industowers.comExchange
View on NSE ↗Key stats
Market cap
₹1.01 L Cr
P/E ratio (TTM)
14.1
Dividend yield
3.73%
EPS (TTM)
₹27.12
Beta (1Y · daily vs NIFTY 50)
0.84
Beta (5Y · monthly vs NIFTY 50)
0.93
Shares float
128.41 Cr
EPS · quarter ended Jun 2026
₹6.62
Upcoming earnings
27 Oct 2026
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.0% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹13,954.30 Cr | ₹27,717.20 Cr | ₹28,381.80 Cr | ₹28,600.60 Cr | ₹30,122.80 Cr | ₹32,493.10 Cr | |
| EBITDA | ₹7,376.20 Cr | ₹15,253.20 Cr | ₹9,869.80 Cr | ₹16,094.40 Cr | ₹21,477.70 Cr | ₹18,680.90 Cr |
| ₹3,779.00 Cr | ₹6,373.10 Cr | ₹2,040.00 Cr | ₹6,036.20 Cr | ₹9,931.70 Cr | ₹7,144.90 Cr | |
| Diluted EPS | ₹17.52 | ₹23.65 | ₹7.57 | ₹22.4 | ₹37.31 | ₹27.09 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹44,944.00 Cr | ₹47,968.00 Cr | ₹46,572.00 Cr | ₹55,868.00 Cr | ₹63,168.00 Cr | ₹71,315.00 Cr | |
| — | ₹19,726.00 Cr | ₹19,184.90 Cr | ₹20,531.00 Cr | ₹21,155.80 Cr | ₹21,126.90 Cr | |
| Stockholders' equity | ₹15,877.00 Cr | ₹22,151.00 Cr | ₹21,110.00 Cr | ₹27,039.00 Cr | ₹32,498.00 Cr | ₹39,646.00 Cr |
Inventory, Total debt, Long-term debt, Current (short-term) debt, Others have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹7,481.00 Cr | ₹9,121.00 Cr | ₹7,905.00 Cr | ₹11,582.00 Cr | ₹19,645.00 Cr | ₹15,684.00 Cr | |
| Investing cash flow | ₹1,797.70 Cr | ₹-2,173.70 Cr | ₹-1,730.00 Cr | ₹-7,545.80 Cr | ₹-10,910.50 Cr | ₹-10,198.30 Cr |
| ₹-9,377.00 Cr | ₹-5,982.00 Cr | ₹-7,133.00 Cr | ₹-3,995.00 Cr | ₹-8,648.00 Cr | ₹-5,588.00 Cr | |
| Capital expenditure | ₹-2,118.00 Cr | ₹-3,285.00 Cr | ₹-3,623.00 Cr | ₹-8,953.00 Cr | ₹-6,784.00 Cr | ₹-8,626.00 Cr |
| End cash position | ₹14.50 Cr | ₹980.20 Cr | ₹22.40 Cr | ₹63.10 Cr | ₹149.70 Cr | ₹47.30 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21 | Dec 21 | Mar 22 | Jun 22 | Sep 22 | Dec 22 | Mar 23 | Jun 23 | Sep 23 | Dec 23 | Mar 24 | Jun 24 | Sep 24–Sep 24(2Q) | Dec 24 | Mar 25–Jun 25(2Q) | Sep 25–Dec 25(2Q) | Mar 26–Jun 26(2Q) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 69.85% | 69.85% | 67.49% | 68.81% | 69.00% | 69.00% | 69.00% | 69.00% | 69.00% | 69.00% | 69.00% | 52.01% | 53.01% | 50.00% | 50.00% | 51.03% | 51.26% |
| Public | 30.13% | 30.13% | 32.49% | 31.17% | 30.99% | 30.99% | 30.98% | 30.98% | 30.99% | 30.96% | 30.97% | 47.95% | 46.98% | 49.96% | 49.96% | 48.93% | 48.71% |
| Employee trusts | 0.02% | 0.03% | 0.02% | 0.02% | 0.02% | 0.01% | 0.03% | 0.02% | 0.01% | 0.04% | 0.04% | 0.03% | 0.01% | 0.04% | 0.03% | 0.04% | 0.04% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Communication Services
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Bharti Airtel Limited | ₹11.45 L Cr | ₹1,893.3 | 38.3 | 7.68 | 17.9% | 1.31 | +22.0% | -2.5% |
| Vodafone Idea Limited | ₹1.62 L Cr | ₹14.97 | 4.3 | — | — | — | +3.1% | +83.9% |
| Indus Towers Limited | ₹99,053.33 Cr | ₹381.35 | 14.0 | 2.50 | 18.0% | 0.53 | +7.9% | +7.6% |
| Info Edge (India) Limited | ₹81,938.81 Cr | ₹1,251.2 | 51.4 | 2.16 | 3.8% | 0.01 | +15.3% | -9.6% |
| Bharti Hexacom Limited | ₹73,965.00 Cr | ₹1,481.1 | 40.6 | 10.32 | 24.2% | 0.82 | +9.4% | -14.2% |
| Tata Communications Limited | ₹51,013.22 Cr | ₹1,791.6 | 52.3 | 14.80 | 29.1% | 3.55 | +7.8% | +5.8% |
| Prime Focus Limited | ₹24,955.81 Cr | ₹334.95 | 228.9 | 11.95 | 10.5% | 2.74 | +29.7% | +78.4% |
| Affle 3i Limited | ₹21,603.66 Cr | ₹1,545.6 | 45.4 | 5.92 | 12.5% | 0.00 | +19.6% | -28.0% |
| Sun TV Network Limited | ₹18,458.92 Cr | ₹451.7 | 12.1 | 1.46 | 11.4% | 0.01 | +7.8% | -19.3% |
| Nazara Technologies Limited | ₹13,947.15 Cr | ₹369.35 | 15.7 | 4.02 | 2.8% | 0.06 | +12.6% | -66.6% |
| PVR INOX Limited | ₹12,497.91 Cr | ₹1,324.7 | 44.7 | 1.69 | 4.5% | 0.92 | +16.8% | +17.5% |
| Saregama India Limited | ₹9,597.97 Cr | ₹489.25 | 43.4 | 5.67 | 12.2% | 0.04 | -18.2% | -0.9% |
Ranked by market cap within Communication Services, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 14
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
44 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.