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Indus Towers Ltd

Indus Towers Ltd

INDUSTOWER Share Price

NSE
₹376.800.51% (-1.95)
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With a market cap of ₹99,369 cr, stock is ranked 114

Stock is 1.97x as volatile as Nifty

INDUSTOWER Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹99,369 cr, stock is ranked 114

Stock is 1.97x as volatile as Nifty

INDUSTOWER Performance & Key Metrics

INDUSTOWER Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
13.892.513.72%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
32.096.281.13%

INDUSTOWER Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
52%
Analysts have suggested that investors can buy this stock

from 21 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

INDUSTOWER Company Profile

Bharti Infratel Limited is engaged in providing Telecom Tower Infrastructure sharing for telecommunication services. The Company deploys, owns and manages telecom tower communication structures, for various mobile operators.

INDUSTOWER Similar Stocks (Peers)

Compare with peers Compare with peers 

INDUSTOWER Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
47.92
47.92
1Y Return
17.17%
17.17%
Buy Reco %
0.00
0.00
PE Ratio
1.73
1.73
1Y Return
27.08%
27.08%
Buy Reco %
0.00
0.00
PE Ratio
12.14
12.14
1Y Return
16.15%
16.15%
Buy Reco %
0.00
0.00
PE Ratio
5.79
5.79
1Y Return
57.60%
57.60%
Buy Reco %
0.00
0.00
PE Ratio
0.18
0.18
1Y Return
29.05%
29.05%
Buy Reco %
0.00
0.00
Compare with Peers

INDUSTOWER Sentiment Analysis

INDUSTOWER Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

INDUSTOWER Stock Summary · August 2026

Management struck a largely constructive tone, highlighting solid revenue growth, healthy cash generation, and an expanding order pipeline while acknowledging some near-term margin pressure. Gross revenue rose 4.6% year on year to INR 84.3 billion, core rental revenue increased 5.2%, and free cash flow stayed robust at INR 14.4 billion, even as EBITDA and PAT improved versus last year but margins softened sequentially and year on year. Management emphasized strong tenancy gains driven by customer network expansion, migration of expired portfolios, and continued tower and colocation additions, alongside network uptime of 99.95% and field execution that kept services reliable in difficult conditions. A major priority remained digital operations and energy transition, with tools such as automation and AI improving efficiency, while solar access was added to roughly 3,700 sites and diesel consumption fell 13% despite higher loading. At the same time, energy margins were pressured by monsoons and some prior-year settlement items, though management expects the second half to be stronger. The order book remains very strong, supporting visibility for the next three to four quarters, with quarterly deliveries expected to track the pipeline.

INDUSTOWER Stock Growth Drivers
INDUSTOWER Stock Growth Drivers
12
  • Strong Network Rollout and Customer Demand

    The company continued to post healthy rollout momentum, supported by major customer network expansion and

  • Favorable Industry Demand Tailwinds From 5G and Data Growth

    Demand conditions for telecom infrastructure remained constructive as India’s 5G market continued to scale rapidly

INDUSTOWER Stock Challenges
INDUSTOWER Stock Challenges
3
  • Energy margin pressure from seasonal diesel dependence

    Energy margins were weakened by higher diesel consumption, especially in the first half of the

  • Rental revenue growth being diluted by renewals and equalization

    Core rental growth is being offset by renewal discounts and revenue equalization, which are reducing

INDUSTOWER Forecast

INDUSTOWER Forecasts

Price

Revenue

Earnings

INDUSTOWER

INDUSTOWER

Income

Balance Sheet

Cash Flow

INDUSTOWER Income Statement

INDUSTOWER Income Statement

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Quartermar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026jun 2026
Total Revenue7,301.707,439.407,579.207,631.207,818.808,142.708,271.108,300.108,256.208,552.30
Operating & Other expensessubtract3,121.602,878.902,601.50589.303,331.903,667.503,616.103,678.403,677.303,953.00
Depreciation/Amortizationsubtract1,564.501,560.501,580.101,568.501,693.001,704.301,800.801,797.901,837.801,893.60
Interest & Other Itemssubtract126.70408.20417.50254.60430.90437.10375.80403.50375.80358.30
Taxes & Other Itemssubtract635.80665.90756.601,215.60583.90597.00639.10644.40572.40601.60
EPS6.887.158.3015.186.756.596.976.736.806.62

INDUSTOWER Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual report

PDF
FY 2025FY 2025

Annual report

PDF
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF

Investor Presentation

Feb 21PDF
Feb 15PDF
Jan 8PDF
+4 more
FY 2018FY 2018

Annual report

PDF

Investor Presentation

Jun 7PDF
May 16PDF
Feb 23PDF
FY 2017FY 2017

Annual report

PDF
 

INDUSTOWER Stock Peers

INDUSTOWER Past Performance & Peer Comparison

INDUSTOWER Past Performance & Peer Comparison

Comparing 3 stocks from 
Communication ServicesTelecom Infrastructure

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Indus Towers Ltd13.912.513.72%
Altius Telecom Infrastructure Trust47.924.628.97%
GTL Infrastructure Ltd1.73-0.26—
Suyog Telematics Ltd12.141.560.15%
ScreenerCompare valuation on Screener

INDUSTOWER Stock Price Comparison

Compare INDUSTOWER with any stock or ETF
Compare INDUSTOWER with any stock or ETF
INDUSTOWER
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INDUSTOWER Holdings

INDUSTOWER Shareholdings

INDUSTOWER Promoter Holdings Trend

INDUSTOWER Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

INDUSTOWER Institutional Holdings Trend

INDUSTOWER Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 1.89%

Tickertape Separator

INDUSTOWER Shareholding Pattern

INDUSTOWER Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding51.26%16.22%5.23%23.20%4.09%

Sep 2025

Dec 2025

Mar 2026

Jun 2026

INDUSTOWER Shareholding History

INDUSTOWER Shareholding History

MarJunSepDec '25MarJun26.42%27.51%26.20%25.92%25.09%23.20%

Mutual Funds Invested in INDUSTOWER

Mutual Funds Invested in INDUSTOWER

No mutual funds holding trends are available

Top 5 Mutual Funds holding Indus Towers Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.2004%2.66%0.00%7/108 (0)
0.8753%2.86%-0.38%46/88 (+3)
0.8090%1.93%0.42%41/161 (+1)

Compare 3-month MF holding change on Screener

INDUSTOWER Insider Trades & Bulk Stock Deals

INDUSTOWER Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing INDUSTOWER stock

smallcases containing INDUSTOWER stock

Looks like this stock is not in any smallcase yet.

INDUSTOWER Events

INDUSTOWER Events

INDUSTOWER Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

INDUSTOWER Dividend Trend

No dividend trend available

INDUSTOWER Upcoming Dividends

INDUSTOWER Upcoming Dividends

No upcoming dividends are available

INDUSTOWER Past Dividends

INDUSTOWER Past Dividends

Cash Dividend

Ex DateEx DateAug 10, 2026

Final
Final | Div/Share: ₹14.00

Dividend/Share

₹14.00

Ex DateEx Date

Aug 10, 2026

Cash Dividend

Ex DateEx DateMay 13, 2022

Interim
Interim | Div/Share: ₹11.00

Dividend/Share

₹11.00

Ex DateEx Date

May 13, 2022

Cash Dividend

Ex DateEx DateFeb 8, 2021

Interim 2
Interim 2 | Div/Share: ₹17.82

Dividend/Share

₹17.82

Ex DateEx Date

Feb 8, 2021

Cash Dividend

Ex DateEx DateAug 5, 2020

Interim
Interim | Div/Share: ₹2.30

Dividend/Share

₹2.30

Ex DateEx Date

Aug 5, 2020

Cash Dividend

Ex DateEx DateMay 5, 2020

Interim 3
Interim 3 | Div/Share: ₹4.10

Dividend/Share

₹4.10

Ex DateEx Date

May 5, 2020

INDUSTOWER Stock News & Opinions

INDUSTOWER Stock News & Opinions

Corporate
Corporate
Indus Towers confirms compliance with dematerialization requests via Kfin Technologies

Indus Towers Limited informed the BSE Limited and National Stock Exchange of India Limited that Kfin Technologies Limited, its Registrar and Share Transfer Agent, has issued a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, confirming compliance with dematerialization requests and other related actions.

1 day agoCapital Market - Live
Corporate
Corporate
Indus Towers to review Q2 financial results at board meeting on October 27

Indus Towers Limited will hold a board meeting on Tuesday, October 27, 2026, to consider and approve the Audited Financial Results (Standalone & Consolidated) for the second quarter (Q2) and half year ended on September 30, 2026, according to a regulatory filing. The trading window for dealing in shares of the company will remain closed for all Designated Persons until Thursday, October 29, 2026.

1 week agoCapital Market - Live
Corporate
Corporate
Indus Towers closes trading window ahead of Q2 financial results announcement

Indus Towers Limited will close its trading window for designated persons and their immediate relatives starting Saturday, September 26, 2026, until 48 hours after the announcement of the company’s audited financial results for the second quarter ending September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

3 weeks agoCapital Market - Live
Spotlight
Spotlight
Indus Towers receives an independent ESG rating of 69.86 from Niche Ninety Nine

Indus Towers Ltd announced that it has received an ESG Rating of 69.86 (Leader) from Niche Ninety Nine Capability and Certifications (OPC) Private Limited, a Category II SEBI-registered ESG Rating Provider, as of September 17, 2026; notably, the company states it did not engage Niche Ninety Nine for this rating, which was assigned independently based on public disclosures, and there are no enhancements, assignments, or withdrawals related to any instruments, including any instruments listed on the BSE Limited and National Stock Exchange of India Limited.

3 weeks agoCapital Market - Live
Corporate
Corporate
Indus Towers to conduct AGM

Indus Towers announced that the 20th Annual General Meeting(AGM) of the company will be held on 19 August 2026.

2 months agoCapital Market - Live
Spotlight
Spotlight
Indus Towers reports marginal rise in Q1 FY27 profit

Revenue from operations rose 4.64% year on year to Rs 8,431.1 crore in the first quarter of FY27 from Rs 8,057.6 crore a year earlier. Consolidated EBITDA stood at Rs 4,521 crore, marking a 3% increase over the previous year, with an EBITDA margin of 53.6%. Profit before tax (PBT) rose 0.58% year on year to Rs 2,347.4 crore in Q1 FY27 from Rs 2,333.8 crore in Q1 FY26. As of 30 June 2026, Indus Towers' total tower base stood at 267,611, up 6.3% year on year. The company said Q1 FY26 included a write-back of Rs 88 crore in provision for doubtful receivables, aided by collections against past overdue. Operating free cash flow for the quarter jumped 23.4% to Rs 1,781 crore, compared to Rs 1,444 crore in the same period last year. Prachur Sah, managing director and CEO, Indus Towers, said: 'Despite supply chain disruptions arising from geopolitical developments, we delivered a resilient performance, supported by customer-led network expansion, disciplined cost management, and strong cash flow generation. Our investments in digital transformation, AI-led capabilities, and energy management are strengthening operational agility, productivity, and service delivery. Progressing well on our international expansion, we have secured licenses across all three target markets in Africa and remain on track to commence rollouts in 2026. As demand for digital infrastructure continues to rise, we believe our differentiated value proposition, execution excellence and technology-led approach position us well to capitalize on growth opportunities and create long-term value for our shareholders.' Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures for various mobile operators. The company's portfolio of 267,611 telecom towers makes it one of the largest tower infrastructure providers in the country, with a presence in all 22 telecom circles. The scrip rose 0.04% to Rs 386.85 on the BSE.Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Earnings
Indus Towers consolidated net profit rises 0.52% in the June 2026 quarter

Net profit of Indus Towers rose 0.52% to Rs 1745.80 crore in the quarter ended June 2026 as against Rs 1736.80 crore during the previous quarter ended June 2025. Sales rose 4.64% to Rs 8431.10 crore in the quarter ended June 2026 as against Rs 8057.60 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales8431.108057.60 5 OPM %53.1154.48 - PBDT4241.004038.10 5 PBT2347.402333.80 1 NP1745.801736.80 1 Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Corporate
Indus Towers to conduct board meeting

Indus Towers will hold a meeting of the Board of Directors of the Company on 27 July 2026.

2 months agoCapital Market - Live
Spotlight
Spotlight
Indus Towers gains on appointing Abhishek Maheshwari as CFO

The appointment is on a full-time employment basis, with terms and conditions governed by the company's Nomination, Remuneration and Board Diversity Policy, along with applicable HR policies. Maheshwari is a seasoned finance professional with over 21 years of experience across business partnering, strategic planning, budgeting, financial reporting, investor relations, mergers and acquisitions, taxation, compliance, internal controls, and business modelling. He currently leads the finance function for Airtel's B2B business as CFO. Earlier, he served as CFO of Airtel's Direct to Home (DTH) business for over four years and also headed finance for Airtel's AP & MPCG operations across mobile, telemedia, and DTH businesses. During his career at Airtel, Maheshwari has held several leadership roles spanning business planning, analytics, consolidation, taxation, investor relations, and management reporting. He has also worked with Maruti Udyog Limited in budgeting and cost reporting roles and began his career with Lodha & Company, handling statutory audits, tax audits, and consulting assignments for large corporates. Maheshwari holds a Bachelor of Commerce (Honours) degree and is a qualified Chartered Accountant from the Institute of Chartered Accountants of India (ICAI), having completed his CA qualification in 2005. Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures for various mobile operators. The company's portfolio of 264,514 telecom towers makes it one of the largest tower infrastructure providers in the country with a presence in all 22 telecom circles. Indus Towers reported a marginal increase in its consolidated net profit for the fourth quarter of FY26, with profit after tax (PAT) rising to Rs 1,792.9 crore from Rs 1,779.1 crore in the corresponding quarter last year. The company's revenue from operations grew 4.83% year-on-year to Rs 8,101 crore for the quarter ended 31 March 2026. Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Spotlight
Indus Towers reports marginal rise in Q4 FY26 profit

The company's revenue from operations grew 4.83% year-on-year to Rs 8,101 crore for the quarter ended 31 March 2026. Consolidated EBITDA stood at Rs 4,464 crore, marking a 1.6% increase over the previous year, with an EBITDA margin of 55.1%. Profit before tax (PBT) came in at Rs 2,365.3 crore, remaining largely flat compared to Rs 2,363 crore reported in Q4 FY25. As of March end 2026, Indus Towers' total tower base stood at 264,514 units, with a closing sharing factor of 1.62. The company noted that the corresponding quarter last year included a Rs 226 crore write-back in provisions for doubtful receivables, aided by collections against past overdue. Operating free cash flow for the quarter declined 15.3% to Rs 1,066 crore, compared to Rs 1,257 crore in the same period last year. On a full-year basis, the company reported a 28.05% decline in consolidated net profit to Rs 7,144.9 crore, despite a 7.86% increase in revenue to Rs 32,493.1 crore. Prachur Sah, managing director and CEO, Indus Towers, said: 'FY26 was a year of strong and well-rounded performance for Indus Towers, driven by healthy colocation additions and continued network expansion by our customers. Improvement in the operating environment, supported by government measures, has strengthened sector stability and our business outlook. We have advanced our growth agenda, including foray into Africa, while maintaining a disciplined approach to capital allocation and long-term value creation. Reflecting improved business visibility and a strong financial position, the Board has recommended a final dividend of Rs. 14 per share. The company has institutionalised a strong culture of operational excellence, innovation and transformation, which was pivotal to our digital and AI-led initiatives in FY26, enhancing operational visibility and network scalability. These capabilities, together with our leadership position and agility, enable us to capitalise on emerging opportunities.' Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures for various mobile operators. The company's portfolio of 264,514 telecom towers makes it one of the largest tower infrastructure providers in the country with a presence in all 22 telecom circles. The scrip shed 0.85% to Rs 410.15 on the BSE. Powered by Capital Market - Live

5 months agoCapital Market - Live

Frequently asked questions

  1. The share price of INDUSTOWER as on 14th October 2026 is ₹376.80. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. The past returns of Indus Towers Ltd (INDUSTOWER) share are
    • Past 1 week: -3.87%
    • Past 1 month: -3.29%
    • Past 3 months: -7.02%
    • Past 6 months: -10.34%
    • Past 1 year: 11.30%
    • Past 3 years: 96.97%
    • Past 5 years: 23.14%

  3. The current dividend yield of Indus Towers Ltd (INDUSTOWER) is 3.72.

  4. Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Indus Towers Ltd (INDUSTOWER) is ₹99369.79 Cr as of 14th October 2026.

  5. The 52-week high of Indus Towers Ltd (INDUSTOWER) is ₹481.50 and the 52-week low is ₹337.80.

  6. The P/E (price-to-earnings) ratio of Indus Towers Ltd (INDUSTOWER) is 13.91. The P/B (price-to-book) ratio is 2.51.

  7. Indus Towers Ltd (INDUSTOWER) belongs to the Communication Services sector & Telecom Infrastructure sub-sector.

  8. You can directly buy Indus Towers Ltd (INDUSTOWER) shares on Tickertape. Simply sign up, connect your demat account and place your order.