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Indus Towers Limited is engaged in the business of object of, inter-alia, setting up, operating and maintaining wireless communication towers.[1]
Business OverviewIndus Towers is a provider of tower and related infrastructure sharing services. It is one of the largest telecom tower companies in India based on the number of towers and co-locations operated by the Company. It provides access to its towers, primarily to wireless telecommunication service providers, on a shared basis under long-term contracts.[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Indus Towers | 402.00 | 11.35 | 106054.14 | 0.00 | 1836.60 | -17.36 | 8188.20 | 9.68 | 28.96 | 31520.30 | 64.05 | 9344.50 | 1836.60 | 2.93 | 16.23 | 0.58 |
| 2. | Altius Telecom | 154.00 | 52.52 | 46929.96 | 5.59 | 280.00 | 33.08 | 6080.20 | 51.15 | 8.17 | 24113.40 | 41.32 | 893.50 | 280.00 | 3.54 | 1.30 | 3.88 |
| 3. | HFCL | 70.47 | 365.18 | 10166.52 | 0.14 | 71.92 | -8.16 | 1043.34 | -4.60 | 7.55 | 3727.03 | 8.94 | 27.84 | 67.86 | 2.46 | 2.47 | 0.38 |
| 4. | Pace Digitek | 211.55 | 19.26 | 4566.33 | 0.00 | 67.87 | -32.70 | 533.45 | -36.96 | 41.31 | 2438.78 | 19.89 | 268.20 | 64.08 | – | 11.41 | 0.12 |
| 5. | Bondada Engineer | 370.25 | 24.86 | 4131.75 | 0.03 | 92.56 | 147.65 | 1216.67 | 153.16 | 39.50 | 2307.45 | 11.45 | 166.22 | 89.75 | 7.15 | 13.40 | 0.41 |
| 6. | Vindhya Telelink | 1505.60 | 6.69 | 1784.14 | 1.06 | 59.12 | 142.69 | 959.83 | 0.75 | 7.64 | 4135.69 | 6.91 | 266.77 | 59.12 | 0.42 | 2.79 | 0.33 |
| 7. | GTL Infra. | 1.30 | – | 1665.18 | 0.00 | -193.47 | 9.61 | 356.49 | 5.98 | – | 1366.51 | 24.12 | -884.93 | -193.47 | – | -20.85 | – |
| – | Median: 10 Co. | 221.3 | 19.26 | 2957.95 | 0.01 | 63.5 | 9.61 | 746.64 | 9.45 | 13.67 | 2373.11 | 17.99 | 107.33 | 61.6 | 2.06 | 7.3 | 0.38 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 6,765 | 7,199 | 7,547 | 7,076 | 7,383 | 8,058 | 6,753 | 7,193 | 7,727 | 7,967 | 7,132 | 7,465 | 8,188 |
Expenses | 5,602 | 3,615 | 593 | 3,596 | 2,879 | 3,712 | 3,321 | 3,122 | 3,407 | 5,155 | 3,711 | 2,603 | 3,620 |
Operating Profit | 1,163 | 3,584 | 6,954 | 3,480 | 4,504 | 4,346 | 3,432 | 4,071 | 4,320 | 2,812 | 3,422 | 4,862 | 4,568 |
Other Income | -403 | 99 | 84 | 56 | 56 | 85 | 116 | 108 | 92 | 63 | 97 | 114 | 83 |
Profit before tax | -952 | 2,077 | 5,216 | 1,813 | 2,592 | 2,331 | 1,893 | 2,489 | 2,360 | 1,176 | 1,747 | 2,979 | 2,475 |
Tax % | -26% | 26% | 23% | 26% | 26% | 26% | 26% | 26% | 25% | 26% | 26% | 25% | 26% |
Net Profit | -708 | 1,541 | 3,997 | 1,351 | 1,926 | 1,734 | 1,399 | 1,853 | 1,776 | 873 | 1,295 | 2,222 | 1,837 |
EPS in Rs | -2.63 | 5.72 | 15.15 | 5.01 | 7.15 | 6.57 | 5.19 | 6.88 | 6.73 | 3.24 | 4.81 | 8.42 | 6.96 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 4,999 | 5,389 | 5,558 | 6,085 | 6,618 | 6,822 | 6,738 | 13,951 | 27,708 | 28,382 | 28,601 | 30,123 | 31,520 |
Expenses | 2,922 | 2,995 | 3,070 | 3,260 | 3,462 | 3,708 | 3,181 | 6,773 | 12,820 | 18,713 | 14,044 | 9,482 | 11,332 |
Operating Profit | 2,077 | 2,394 | 2,488 | 2,825 | 3,156 | 3,114 | 3,557 | 7,178 | 14,888 | 9,669 | 14,557 | 20,641 | 20,188 |
Other Income | 530 | 1,995 | 572 | 1,716 | 1,297 | 1,668 | 466 | 816 | 458 | 85 | 1,490 | 764 | 344 |
Interest | 9 | -6 | 33 | 39 | 46 | 53 | 333 | 835 | 1,602 | 1,670 | 1,864 | 1,858 | 1,387 |
Depreciation | 1,101 | 1,122 | 1,155 | 1,166 | 1,180 | 1,064 | 1,277 | 2,843 | 5,320 | 5,322 | 6,056 | 6,400 | 6,764 |
Profit before tax | 1,497 | 3,274 | 1,872 | 3,336 | 3,227 | 3,665 | 2,412 | 4,316 | 8,424 | 2,762 | 8,127 | 13,147 | 12,381 |
Net Profit | 1,090 | 2,725 | 1,327 | 2,705 | 2,414 | 2,779 | 1,747 | 3,338 | 6,367 | 2,043 | 6,041 | 9,922 | 9,344 |
EPS in Rs | 5.77 | 14.39 | 7.00 | 14.62 | 13.05 | 15.02 | 9.44 | 12.39 | 23.63 | 7.58 | 22.42 | 37.61 | 35.41 |
Dividend Payout % | 76% | 76% | 43% | 109% | 107% | 100% | 111% | 162% | 47% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1,889 | 1,894 | 1,897 | 1,850 | 1,850 | 1,850 | 1,850 | 2,695 | 2,695 | 2,695 | 2,695 | 2,638 | 2,638 |
Reserves | 15,859 | 16,070 | 17,033 | 14,388 | 15,876 | 13,815 | 12,031 | 13,202 | 19,481 | 18,440 | 24,379 | 29,899 | 33,503 |
Borrowings | 0 | 0 | 0 | 278 | 0 | 6 | 4,608 | 21,560 | 19,726 | 19,185 | 20,531 | 21,156 | 20,948 |
Other Liabilities | 4,600 | 4,258 | 2,252 | 4,947 | 2,479 | 2,414 | 1,583 | 7,490 | 6,087 | 6,276 | 8,296 | 9,518 | 10,152 |
Total Liabilities | 22,348 | 22,222 | 21,182 | 21,463 | 20,204 | 18,084 | 20,072 | 44,947 | 47,988 | 46,595 | 55,901 | 63,210 | 67,241 |
Fixed Assets | 6,686 | 6,470 | 6,063 | 5,791 | 5,589 | 5,325 | 6,679 | 31,770 | 31,814 | 32,373 | 39,294 | 44,375 | 46,907 |
Gross Block | 12,275.90 | 12,835.20 | 12,926.70 | 13,597.30 | 14,271.40 | 14,799.20 | 17,415.50 | 66,747.70 | 68,406.20 | 70,663.20 | 79,598.80 | 87,956.20 | – |
Accumulated Depreciation | 5,590.40 | 6,365.10 | 6,863.60 | 7,805.90 | 8,682.30 | 9,474.30 | 10,736.20 | 34,977.60 | 36,592.00 | 38,290.30 | 40,305.30 | 43,581.10 | – |
CWIP | 52 | 68 | 70 | 58 | 100 | 104 | 53 | 271 | 177 | 354 | 422 | 567 | 623 |
Investments | 13,043 | 11,924 | 10,486 | 11,666 | 12,830 | 10,842 | 11,492 | 2,286 | 1,667 | 291 | 23 | 1,506 | 2,949 |
Other Assets | 2,568 | 3,759 | 4,562 | 3,947 | 1,685 | 1,813 | 1,847 | 10,619 | 14,330 | 13,577 | 16,163 | 16,762 | 16,762 |
Total Assets | 22,348 | 22,222 | 21,182 | 21,463 | 20,204 | 18,084 | 20,072 | 44,947 | 47,988 | 46,595 | 55,901 | 63,210 | 67,241 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 1,816 | 1,721 | 1,980 | 1,915 | 2,471 | 2,042 | 2,305 | 7,477 | 9,112 | 7,907 | 11,583 | 19,638 |
Cash from Investing Activity | -1,114 | 1,076 | 1,476 | 718 | -855 | 2,718 | -1,009 | 1,804 | -2,182 | -1,739 | -7,565 | -10,925 |
Cash from Financing Activity | -658 | -2,838 | -1,453 | -2,671 | -3,556 | -4,796 | -1,179 | -9,381 | -5,964 | -7,126 | -3,982 | -8,622 |
Net Cash Flow | 44 | -41 | 2,003 | -38 | -1,940 | -36 | 117 | -99 | 967 | -958 | 36 | 91 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 20 | 23 | 13 | 18 | 15 | 29 | 20 | 100 | 93 | 63 | 82 | 58 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 20 | 23 | 13 | 18 | 15 | 29 | 20 | 100 | 93 | 63 | 82 | 58 |
Working Capital Days | -127 | -137 | -39 | -194 | -39 | -24 | -148 | -173 | 11 | 3 | 4 | -2 |
ROCE % | 8% | 17% | 8% | 16% | 20% | 20% | 14% | 18% | 25% | 11% | 22% | 29% |
Direct from BSE filings, auto-summarised
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