Indus Towers Ltd (INDUSTOWER)
₹378.30
Mkt cap
₹99,802 Cr
P/E ratio
14.00
P/B
2.52
Div yield
3.70%
ROE
18.60%
ROCE
19.50%
EPS (TTM)
₹27.02
Book value
₹150
52W range
356–482
Sector
Telecommunication
Price history
Previous close
Indus Towers Limited is engaged in the business of object of, inter-alia, setting up, operating and maintaining wireless communication towers. [1]
NSE INDUSTOWERBSE 534816
Health check
Mixed
ValuationFair
ProfitabilityStrong
GrowthModerate
TechnicalsBearish
52-week range
−21.43% from high₹378
₹356+6.40% from low₹482
Current
₹378.30
Prev close
₹384.00
Day
−1.48%
Price performance
1D
−1.48%
1W
−0.45%
1M
+2.92%
3M
−3.72%
6M
−8.60%
1Y
+5.45%
YTD
−14.42%
Financials
Revenue, profit & margin
P/E ratio
14.0×
INDUSTOWER is 0% below the sector median of 14.0×
INDUSTOWER14.0×
Sector median14.0×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,132 | 7,199 | 7,193 | 7,383 | 7,465 | 7,547 | 7,727 | 8,058 | 8,188 | 8,146 | 8,101 | 8,431 | 8,516 | |
| Expenses | 3,711 | 3,615 | 3,122 | 2,879 | 2,602 | 589 | 3,332 | 3,668 | 3,616 | 3,678 | 3,677 | 3,953 | 3,925 | |
| Operating Profit | 3,422 | 3,584 | 4,072 | 4,504 | 4,864 | 6,958 | 4,395 | 4,390 | 4,572 | 4,468 | 4,424 | 4,478 | 4,590 | |
| OPM % | 48% | 50% | 57% | 61% | 65% | 92% | 57% | 54% | 56% | 55% | 55% | 53% | 54% | |
| Other Income | 97 | 99 | 108 | 56 | 114 | 84 | 92 | 85 | 83 | 154 | 155 | 121 | 106 | |
| Interest | 246 | 11 | 127 | 408 | 418 | 255 | 431 | 437 | 376 | 404 | 376 | 358 | 342 | |
| Depreciation | 1,526 | 1,596 | 1,564 | 1,560 | 1,580 | 1,568 | 1,693 | 1,704 | 1,801 | 1,798 | 1,838 | 1,894 | 1,944 | |
| Profit before tax | 1,747 | 2,076 | 2,489 | 2,592 | 2,980 | 5,219 | 2,363 | 2,334 | 2,478 | 2,420 | 2,365 | 2,347 | 2,411 | |
| Tax % | 26% | 26% | 26% | 26% | 25% | 23% | 25% | 26% | 26% | 27% | 24% | 26% | 26% | |
| Net Profit | 1,295 | 1,540 | 1,853 | 1,926 | 2,224 | 4,003 | 1,779 | 1,737 | 1,839 | 1,776 | 1,793 | 1,746 | 1,793 | |
| EPS in Rs | 4.80 | 5.72 | 6.88 | 7.15 | 8.43 | 15.17 | 6.74 | 6.58 | 6.97 | 6.73 | 6.80 | 6.62 | 6.80 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −0.59% · closed higher next day 23 of last 54
| Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 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◦ | 27 Jul '26◦ | 27 Oct '26◦ |
| Earnings day | −1.96% | −0.52% | −1.02% | −1.92% | −5.16% | −7.08% | −5.42% | +3.93% | +1.56% | −2.37% | −1.50% | −3.19% |
| +1 day | +1.00% | −1.09% | −2.78% | −6.27% | −3.93% | −5.90% | −10.08% | +2.63% | +3.08% | −1.77% | −0.32% | −0.34% |
| +5 days | −6.00% | −7.60% | −3.73% | −4.63% | −4.12% | −4.90% | −12.81% | +5.72% | +6.33% | +0.17% | +0.67% | — |
| +15 days | −4.09% | −3.10% | +0.28% | −9.51% | −8.82% | −6.03% | −7.88% | +8.60% | +8.82% | +7.05% | −3.87% | — |
| +30 days | +7.61% | −4.31% | −1.09% | +0.83% | −10.26% | −6.82% | −6.38% | +8.87% | +2.12% | +0.44% | −3.70% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Sep 202651.26%Promoter
Promoters51.26%
FIIs21.71%1.49
DIIs22.93%1.51
Public4.07%0.02
Government0.04%
Ownership trend
Peers
7 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 | ₹378.30 | 14.04 | 99,802 | 3.70% | 1,793 | −2.53% | 8,516 | +4.00% | 19.48% |
| Altius Telecom | ₹174.00 | 41.91 | 53,025 | 2.31% | 375 | +65.55% | 6,025 | −0.08% | 8.60% |
| HFCL | ₹231.29 | 40.80 | 35,401 | 0.09% | 394 | +434.79% | 2,542 | +143.62% | 10.76% |
| Bondada Engineer | ₹274.00 | 14.03 | 3,060 | 0.10% | 54 | +38.24% | 692 | +23.99% | 39.43% |
| Pace Digitek | ₹139.65 | 10.03 | 3,014 | 0.00% | 63 | +13.24% | 555 | +51.29% | 21.40% |
| GTL Infra. | ₹0.99 | — | 1,268 | 0.00% | 69 | +129.86% | 327 | −2.16% | — |
| Suyog Telematics | ₹440.45 | 8.72 | 516 | 0.23% | 14 | −18.11% | 65 | +2.16% | 14.42% |
| Median: 9 Co. | ₹174.00 | 14.04 | 3,014 | 0.09% | 63 | +25.49% | 555 | +18.69% | 13.16% |
Filings
Annual reports14
Concall transcripts57
RECOct 2026TranscriptAug 2026RECAug 2026TranscriptMay 2026RECMay 2026TranscriptFeb 2026TranscriptOct 2025RECOct 2025TranscriptJul 2025RECJul 2025TranscriptMay 2025PPTMay 2025TranscriptJan 2025RECJan 2025TranscriptOct 2024PPTOct 2024TranscriptAug 2024TranscriptMay 2024TranscriptJan 2024TranscriptNov 2023TranscriptAug 2023PPTAug 2023TranscriptMay 2023TranscriptFeb 2023
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 30 Oct - Indus Towers will attend BofA Telco Forum on November 4, 2026, as a virtual group meeting.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 28 Oct - Audio recording of Q2 and half-year 2026 earnings call uploaded on October 28, 2026.Announcement under Regulation 30 (LODR)-Press Release / Media Release 27 Oct - Indus Towers reported Q2 FY26 revenue of Rs. 8,516 crore, PAT Rs. 1,793 crore on October 27, 2026.Quarterly Report For The Second Quarter (Q2) And Half Year Ended September 30, 2026 27 Oct - Indus Towers reported Q2 FY27 revenue of Rs 85,150 million, PAT of Rs 17,984 million, and 270,480 towers.Financial Results For The Second Quarter (Q2) And Half Year Ended September 30, 2026 27 Oct