Indus Towers Ltd
INDUSTOWERIndus Towers Ltd
INDUSTOWERPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
AvgCan be considered moderately valued vs the market
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
9.70 | 3.59 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
-127.62 | 11.59 | 0.34% |
Forecast & Ratings
Detailed Forecast from 21 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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.
Peers
Compare with peersÂGTL Infrastructure Ltd
Suyog Telematics Ltd
SAR Televenture Ltd
Kore Digital Ltd
GTL Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 7,237.10 | 8,044.40 | 8,245.90 | 8,385.50 | 8,589.20 | 15,216.70 | 28,175.70 | 28,959.60 | 30,090.10 | 29,951.50 | ||||||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9,191.30 | ||||||||||
Power & Fuel Cost | 1,990.10 | 2,114.30 | 2,281.70 | 2,560.70 | 2,367.20 | 5,153.60 | 10,265.80 | 10,590.80 | 11,149.90 | |||||||||||
Employee Cost | 257.80 | 274.60 | 291.60 | 291.50 | 293.50 | 512.60 | 772.20 | 774.10 | 782.30 | |||||||||||
Selling & Administrative Expenses | 373.30 | 412.00 | 449.60 | 462.40 | 127.86 | 304.51 | 437.43 | 514.51 | 543.40 | |||||||||||
Operating & Other expenses | 448.80 | 458.70 | 467.20 | 399.50 | 396.64 | 804.29 | 1,341.07 | 7,326.59 | 1,568.40 | |||||||||||
EBITDA | 4,167.10 | 4,784.80 | 4,755.80 | 4,671.40 | 5,404.00 | 8,441.70 | 15,359.20 | 9,753.60 | 16,046.10 | 20,760.20 | ||||||||||
Depreciation/Amortization | 1,155.00 | 1,165.70 | 1,180.10 | 1,065.80 | 1,281.50 | 2,848.40 | 5,325.20 | 5,323.90 | 6,059.90 | 6,273.60 | ||||||||||
PBIT | 3,012.10 | 3,619.10 | 3,575.70 | 3,605.60 | 4,122.50 | 5,593.30 | 10,034.00 | 4,429.70 | 9,986.20 | 14,486.60 | ||||||||||
Interest & Other Items | 33.00 | 39.40 | 46.50 | 52.90 | 335.00 | 836.40 | 1,603.30 | 1,670.40 | 1,863.80 | 1,207.00 | ||||||||||
PBT | 2,979.10 | 3,579.70 | 3,529.20 | 3,552.70 | 3,787.50 | 4,756.90 | 8,430.70 | 2,759.30 | 8,122.40 | 13,279.60 | ||||||||||
Taxes & Other Items | 731.70 | 832.70 | 1,035.50 | 1,058.90 | 488.80 | 977.90 | 2,057.60 | 719.30 | 2,086.20 | 3,273.90 | ||||||||||
Net Income | 2,247.40 | 2,747.00 | 2,493.70 | 2,493.80 | 3,298.70 | 3,779.00 | 6,373.10 | 2,040.00 | 6,036.20 | 10,005.70 | ||||||||||
EPS | 11.86 | 14.67 | 13.48 | 13.48 | 17.83 | 16.63 | 23.65 | 7.57 | 22.40 | 37.13 | ||||||||||
DPS | 3.00 | 16.00 | 14.00 | 15.00 | 10.50 | 20.12 | 11.00 | 0.00 | 0.00 | 0.00 | ||||||||||
Payout ratio | 0.25 | 1.09 | 1.04 | 1.11 | 0.59 | 1.21 | 0.47 | 0.00 | 0.00 | 0.00 |
Company Updates
Annual report
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PDFPeers & Comparison
Communication ServicesTelecom Infrastructure
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Indus Towers Ltd | 16.08 | 3.59 | — |
GTL Infrastructure Ltd | -3.52 | -0.47 | — |
Suyog Telematics Ltd | 26.70 | 5.66 | 0.08% |
SAR Televenture Ltd | 54.21 | 11.82 | — |
Price Comparison
Compare INDUSTOWER with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 2.01%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.96%
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Indus Towers Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI CONTRA FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7005% | Percentage of the fund’s portfolio invested in the stock 1.61% | Change in the portfolio weight of the stock over the last 3 months -0.28% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 16/108 (-4) |
Nippon India Growth Fund - Growth Option - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6340% | Percentage of the fund’s portfolio invested in the stock 1.74% | Change in the portfolio weight of the stock over the last 3 months -0.14% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 55/102 (-1) |
SBI Equity Hybrid Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5988% | Percentage of the fund’s portfolio invested in the stock 0.81% | Change in the portfolio weight of the stock over the last 3 months -0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 60/103 (-4) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateMay 13, 2022
Dividend/Share
₹11.00
Ex DateEx Date
May 13, 2022
Cash Dividend
Ex DateEx DateFeb 8, 2021
Dividend/Share
₹17.82
Ex DateEx Date
Feb 8, 2021
Cash Dividend
Ex DateEx DateAug 5, 2020
Dividend/Share
₹2.30
Ex DateEx Date
Aug 5, 2020
Cash Dividend
Ex DateEx DateMay 5, 2020
Dividend/Share
₹4.10
Ex DateEx Date
May 5, 2020
Cash Dividend
Ex DateEx DateDec 19, 2019
Dividend/Share
₹2.75
Ex DateEx Date
Dec 19, 2019
Revenue from operations grew 4.8% YoY to Rs 7,547.40 crore recorded in the quarter ended 31 December 2024. The profit before tax for Q3 FY25 stood at Rs 5,218.80 crore, registering a 151.3% increase compared to Rs 2,076.50 crore reported in Q3 FY24. The company's EBITDA surged by 93.2% to Rs 6,997.1 crore in Q3 FY25, compared to Rs 3,621.6 crore recorded in the same quarter last year. The EBITDA margin also improved to 92.7% in Q3 FY25, up from 50.3% in Q3 FY24. The total tower base grew by 10.79% to 2,34,643 units as on 31 December 2024 as compared to 2,11,775 units as on 31 December 2023. The closing sharing factor was at 1.65 times during the quarter. The operating free cash flow was at Rs 4,870 crore in Q3 FY25, steeply higher than Rs 163 crore posted in Q3 FY24. The return on equity (pre-tax) improved to 46.1% as against 33.5% on a YoY basis [return on equity (post-tax) increased to 34.8% as against 24.8% YoY basis]. The return on capital employed improved to 29.3% as against 19.2% on a YoY basis. The company said that Q3 FY25 had a write back of Rs 3,024 crore in provision for doubtful receivables, aided by collections against past overdue. Prachur Sah, MD and CEO, Indus Towers, said, We are pleased to see our ability to maintain a dominant share of our major customers' rollouts reap dividends in the form of robust tower and colocation additions, reiterating our superior execution capabilities and customer centric approach. The strong additions along with significant collections of overdue from a major customer helped us record an excellent financial performance. We expect the resumption of network expansion by a major customer coupled with the rollouts by other customers to act as strong levers of growth. We remain cognizant of the sustainability aspect in our growth plans, and our focus on securing strategic partnerships under Green Energy Open Access is a step in that direction.' Meanwhile, the company is set to enter the electric vehicle (EV) charging infrastructure sector. It has received approval from its board of directors to explore suitable business opportunities in this space, subject to a prudential framework. As part of this initiative, the company has already launched pilot EV charging stations in Gurugram and Bengaluru. The company is well positioned to contribute to the EV charging infrastructure sector by leveraging its expertise in managing and providing space, power, and operations and maintenance (O&M) for seamless operation and efficiency. This is in line with the company's plan to supplement its long-term growth through relevant adjacent business 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 234,643 telecom towers makes it one of the largest tower infrastructure providers in the country, with a presence in all 22 telecom circles. Indus Towers caters to all wireless telecommunication service providers in India. The company has been the industry pioneer in adopting green energy initiatives for its operations. Powered by Capital Market - Live
Net profit of Indus Towers rose 159.86% to Rs 4003.20 crore in the quarter ended December 2024 as against Rs 1540.50 crore during the previous quarter ended December 2023. Sales rose 4.84% to Rs 7547.40 crore in the quarter ended December 2024 as against Rs 7199.00 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales7547.407199.00 5 OPM %92.1949.78 - PBDT6787.303672.20 85 PBT5218.802076.50 151 NP4003.201540.50 160 Powered by Capital Market - Live
Indus Towers will hold a meeting of the Board of Directors of the Company on 23 January 2025.Powered by Capital Market - Live
Indus Towers has noted the resignation of Randeep Sekhon (DIN: 08306391) as a Non-Executive Director w.e.f. 20 January 2025.Powered by Capital Market - Live
Indus Towers has appointed Rakesh Bharti Mittal (DIN: 00042494) and Soumen Ray (DIN: 09484511) as a Non-Executive Non- Independent Directors w.e.f. 20 January 2025. Powered by Capital Market - Live
Indus Towers Ltd gained 1.66% today to trade at Rs 358.7. The BSE Telecommunication index is up 0.43% to quote at 3019.43. The index is up 8.18 % over last one month. Among the other constituents of the index, Railtel Corporation of India Ltd increased 1.39% and Route Mobile Ltd added 1.2% on the day. The BSE Telecommunication index went up 36.5 % over last one year compared to the 14.3% surge in benchmark SENSEX. Indus Towers Ltd has added 13.07% over last one month compared to 8.18% gain in BSE Telecommunication index and 5.07% rise in the SENSEX. On the BSE, 22047 shares were traded in the counter so far compared with average daily volumes of 3.83 lakh shares in the past one month. The stock hit a record high of Rs 460.7 on 02 Sep 2024. The stock hit a 52-week low of Rs 176.45 on 21 Dec 2023.Powered by Capital Market - Live
Net profit of Indus Towers rose 71.74% to Rs 2223.50 crore in the quarter ended September 2024 as against Rs 1294.70 crore during the previous quarter ended September 2023. Sales rose 4.67% to Rs 7465.30 crore in the quarter ended September 2024 as against Rs 7132.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales7465.307132.50 5 OPM %65.1547.97 - PBDT4560.203272.30 39 PBT2980.101746.70 71 NP2223.501294.70 72 Powered by Capital Market - Live
Net profit of Indus Towers rose 71.57% to Rs 2222.40 crore in the quarter ended September 2024 as against Rs 1295.30 crore during the previous quarter ended September 2023. Sales rose 4.67% to Rs 7465.30 crore in the quarter ended September 2024 as against Rs 7132.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales7465.307132.50 5 OPM %65.1347.97 - PBDT4558.603272.30 39 PBT2979.001747.30 70 NP2222.401295.30 72 Powered by Capital Market - Live
Indus Towers will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live
Indus Towers announced that the 18th Annual General Meeting (AGM) of the company will be held on 29 August 2024.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 29.12%, vs industry avg of 25.71%
Decreasing Market Share
Over the last 5 years, market share decreased from 81.8% to 65.9%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 19.34%, vs industry avg of 50.29%