Indus Towers Ltd (INDUSTOWER)
₹394.60
Mkt cap
₹1.04L Cr
P/E ratio
14.60
P/B
2.63
Div yield
0.00%
ROE
19.80%
ROCE
19.50%
EPS (TTM)
₹27.03
Book value
₹150
52W range
324–478
Sector
Telecommunication
Indus Towers Limited is engaged in the business of object of, inter-alia, setting up, operating and maintaining wireless communication towers. [1]
Health check
Mixed
ValuationFair
ProfitabilityStrong
GrowthModerate
TechnicalsBearish
52-week range
−17.40% from high₹395
₹324+21.77% from low₹478
Current
₹394.60
Prev close
₹394.90
Day
−0.08%
Price performance
1D
−0.08%
1W
−1.84%
1M
+0.27%
3M
−1.89%
6M
−4.81%
1Y
−2.87%
YTD
−10.73%
Financials
FRevenue, profit & margin
P/E ratio
14.6×
INDUSTOWER is 9% below the sector median of 16.0×
INDUSTOWER14.6×
Sector median16.0×
| 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 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,753 | 7,076 | 7,132 | 7,199 | 7,193 | 7,383 | 7,465 | 7,547 | 7,727 | 8,058 | 8,188 | 8,146 | 8,101 | |
| Expenses | 3,320 | 3,596 | 3,711 | 3,615 | 3,122 | 2,879 | 2,602 | 589 | 3,332 | 3,668 | 3,616 | 3,678 | 3,677 | |
| Operating Profit | 3,433 | 3,480 | 3,422 | 3,584 | 4,072 | 4,504 | 4,864 | 6,958 | 4,395 | 4,390 | 4,572 | 4,468 | 4,424 | |
| OPM % | 51% | 49% | 48% | 50% | 57% | 61% | 65% | 92% | 57% | 54% | 56% | 55% | 55% | |
| Other Income | 116 | 56 | 97 | 99 | 108 | 56 | 114 | 84 | 92 | 85 | 83 | 154 | 155 | |
| Interest | 336 | 352 | 246 | 11 | 127 | 408 | 418 | 255 | 431 | 437 | 376 | 404 | 376 | |
| Depreciation | 1,320 | 1,374 | 1,526 | 1,596 | 1,564 | 1,560 | 1,580 | 1,568 | 1,693 | 1,704 | 1,801 | 1,798 | 1,838 | |
| Profit before tax | 1,893 | 1,810 | 1,747 | 2,076 | 2,489 | 2,592 | 2,980 | 5,219 | 2,363 | 2,334 | 2,478 | 2,420 | 2,365 | |
| Tax % | 26% | 26% | 26% | 26% | 26% | 26% | 25% | 23% | 25% | 26% | 26% | 27% | 24% | |
| Net Profit | 1,399 | 1,348 | 1,295 | 1,540 | 1,853 | 1,926 | 2,224 | 4,003 | 1,779 | 1,737 | 1,839 | 1,776 | 1,793 | |
| EPS in Rs | 5.19 | 5.00 | 4.80 | 5.72 | 6.88 | 7.15 | 8.43 | 15.17 | 6.74 | 6.58 | 6.97 | 6.73 | 6.80 | |
| Raw PDF |
Earnings
EResults dates & reactionsNext results
27 Jul '26
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −0.44% · closed higher next day 24 of last 52
| Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 28 Jul '23 | 26 Oct '23◦ | 24 Jan '24◦ | 1 May '24◦ | 31 Jul '24◦ | 23 Oct '24◦ | 24 Jan '25◦ | 30 Apr '25◦ | 30 Jul '25◦ | 27 Oct '25◦ | 2 Feb '26◦ | 30 Apr '26◦ |
| Earnings day | −1.14% | −0.94% | −1.96% | −0.52% | −1.02% | −1.92% | −5.16% | −7.08% | −5.42% | +3.93% | +1.56% | −2.37% |
| +1 day | −2.27% | −0.21% | +1.00% | −1.09% | −2.78% | −6.27% | −3.93% | −5.90% | −10.08% | +2.63% | +3.08% | −1.77% |
| +5 days | −1.70% | +10.66% | −6.00% | −7.60% | −3.73% | −4.63% | −4.12% | −4.90% | −12.81% | +5.72% | +6.33% | +0.17% |
| +15 days | −9.69% | +12.93% | −4.09% | −3.10% | +0.28% | −9.51% | −8.82% | −6.03% | −7.88% | +8.60% | +8.82% | +7.05% |
| +30 days | +9.38% | +11.02% | +7.61% | −4.31% | −1.09% | +0.83% | −10.26% | −6.82% | −6.38% | +8.87% | +2.12% | +0.44% |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
CLast 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
Sas of Jun 202651.26%Promoter
Promoters51.26%
FIIs23.20%1.90
DIIs21.42%1.74
Public4.05%0.12
Government0.04%0.04
Ownership trend
Peers
P7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Indus Towers | ₹394.60 | 14.57 | 1,04,129 | 0.00% | 1,793 | +0.78% | 8,101 | +4.84% | 19.49% |
| Altius Telecom | ₹171.00 | 48.67 | 52,111 | 9.20% | 310 | +85.40% | 6,021 | +1.38% | 8.60% |
| HFCL | ₹196.85 | 52.62 | 30,130 | 0.05% | 246 | +809.06% | 1,915 | +119.85% | 10.86% |
| Pace Digitek | ₹195.25 | 14.17 | 4,216 | 0.00% | 106 | +73.27% | 1,097 | +60.52% | 21.26% |
| Bondada Engineer | ₹306.35 | 16.81 | 3,421 | 0.03% | 63 | +11.39% | 914 | +27.93% | 38.66% |
| GTL Infra. | ₹1.22 | — | 1,563 | 0.00% | 1,186 | +94.92% | 330 | −1.98% | — |
| Suyog Telematics | ₹850.45 | 16.02 | 998 | 0.21% | 14 | +202.61% | 53 | +5.35% | 14.42% |
| Median: 10 Co. | ₹183.12 | 16.02 | 2,492 | 0.00% | 84 | +49.38% | 622 | +12.02% | 14.42% |
Filings
DAnnual reports13
Concall transcripts54
TranscriptMay 2026RECMay 2026TranscriptFeb 2026TranscriptOct 2025RECOct 2025TranscriptJul 2025RECJul 2025TranscriptMay 2025PPTMay 2025TranscriptJan 2025RECJan 2025TranscriptOct 2024PPTOct 2024TranscriptAug 2024TranscriptMay 2024TranscriptJan 2024TranscriptNov 2023TranscriptAug 2023PPTAug 2023TranscriptMay 2023TranscriptFeb 2023TranscriptNov 2022TranscriptAug 2022PPTAug 2022
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 Jul - Indus Towers will announce Q1 results on July 27, 2026, with earnings call on July 28.Announcement under Regulation 30 (LODR)-Credit Rating 18 Jul - CRISIL reaffirmed Indus Towers’ AAA/Stable and A1+ ratings; ₹750 crore bond rating withdrawn after redemption.Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results (Standalone & Consolidated) For The First Quarter (Q1) Ended On June 30, 2026 16 Jul - Board meets July 27, 2026 to approve Q1 FY27 standalone and consolidated audited financial results.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Jul - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018Announcement under Regulation 30 (LODR)-Change in Management 10 Jul - Indus Towers appoints Abhishek Maheshwari as CFO and KMP effective August 19, 2026.