Altius Telecom Infrastructure Trust
Data Infrastructure Trust is enaged in the business to carry on the activities of an infrastructure investment trust, as permissible under the SEBI InvIT Regulations and to raise funds and making investments in accordance with the SEBI InvIT Regulations and Indenture of Trust.
- Market Cap ₹ 53,330 Cr.
- Current Price ₹ 175
- High / Low ₹ 180 / 146
- Stock P/E 42.2
- Book Value ₹ 37.6
- Dividend Yield 2.30 %
- ROCE 8.60 %
- ROE 8.07 %
- Face Value ₹ 150
Pros
Cons
- Stock is trading at 4.76 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 6.96% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Telecommunication Telecommunication Telecom - Services Telecom - Infrastructure
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 7,477 | 8,244 | 9,786 | 11,100 | 12,878 | 19,454 | 24,165 | 24,160 | |
| 4,620 | 5,209 | 6,330 | 6,862 | 8,036 | 11,592 | 14,203 | 14,110 | |
| Operating Profit | 2,856 | 3,035 | 3,456 | 4,238 | 4,842 | 7,862 | 9,962 | 10,050 |
| OPM % | 38% | 37% | 35% | 38% | 38% | 40% | 41% | 42% |
| 12 | 15 | 33 | 143 | 472 | 164 | 246 | 270 | |
| Interest | 3,204 | 2,077 | 1,612 | 2,082 | 2,500 | 3,630 | 4,290 | 4,291 |
| Depreciation | 1,778 | 1,956 | 1,330 | 1,506 | 1,705 | 3,472 | 4,598 | 4,517 |
| Profit before tax | -2,113 | -983 | 548 | 793 | 1,109 | 924 | 1,321 | 1,512 |
| Tax % | 0% | 0% | 0% | -0% | -1% | 9% | 16% | |
| -2,113 | -983 | 547 | 797 | 1,119 | 840 | 1,107 | 1,255 | |
| EPS in Rs | -3.90 | 2.10 | 3.06 | 4.30 | 2.76 | 3.63 | 4.12 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 30% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 15% |
| TTM: | 54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| 1 Year: | 21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 7% |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 25,215 | 26,115 | 26,115 | 26,102 | 32,781 | 32,781 |
| Reserves | -1,028 | -5,122 | -6,849 | -9,129 | -12,732 | -17,717 | -21,315 |
| 26,934 | 18,196 | 21,993 | 29,644 | 31,367 | 50,670 | 52,667 | |
| 18,189 | 3,157 | 4,399 | 4,701 | 4,921 | 9,000 | 9,320 | |
| Total Liabilities | 44,096 | 41,446 | 45,658 | 51,331 | 49,657 | 74,734 | 73,452 |
| 38,738 | 38,031 | 42,019 | 42,106 | 45,674 | 65,739 | 63,092 | |
| CWIP | 0 | 2 | 54 | 49 | 52 | 156 | 142 |
| Investments | 0 | 0 | 137 | 0 | 0 | 0 | 0 |
| 5,358 | 3,413 | 3,449 | 9,175 | 3,931 | 8,839 | 10,219 | |
| Total Assets | 44,096 | 41,446 | 45,658 | 51,331 | 49,657 | 74,734 | 73,452 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 3,006 | 271 | 3,209 | 4,356 | 5,832 | 7,066 | 9,851 | |
| -8,438 | -11,161 | -3,893 | -6,995 | -294 | -11,056 | -897 | |
| 5,477 | 11,848 | 297 | 2,596 | -5,467 | 4,368 | -8,398 | |
| Net Cash Flow | 46 | 959 | -387 | -43 | 70 | 378 | 557 |
| Free Cash Flow | -5,458 | -10,792 | -303 | -2,805 | 5,529 | 6,460 | 8,864 |
| CFO/OP | 108% | 7% | 93% | 103% | 121% | 93% | 102% |
Ratios
Consolidated / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 2 | 6 | 3 | 29 | 22 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 1 | 1 | 2 | 6 | 3 | 29 | 22 |
| Working Capital Days | -852 | -8 | -49 | -75 | -78 | -30 | -54 |
| ROCE % | 3% | 5% | 6% | 8% | 8% | 9% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Tenancy Ratio x |
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| Total Telecom Sites (Towers, IBS, Small Cells) count |
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| Total Tenancies count |
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| Full-time Employees (On-roll) count |
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| IBS Market Share (Crest Digitel) % |
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| Weighted Average Lease Expiry (WALE) years |
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| Market Share by Number of Towers % |
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Extracted by Screener AI
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
- Trading window closed from October 1, 2026 until 48 hours after Q2/H1 FY2026 results.
-
Reg 18(6): Disclosure of record date for purpose of distribution
- Declares Rs 4.0198 per unit distribution; record date Sept 9, 2026; appoints two directors.
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Reg 23(5)(i): Disclosure of material issue
- Declared Rs.4.0198 per unit distribution; record date September 9, 2026, payable by September 17, 2026.
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Reg 23(5)(i): Disclosure of material issue
- Board meeting on Sept 5, 2026 to consider distribution; record date Sept 9, 2026.
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Reg 23(5)(i): Disclosure of material issue
- Sponsor BIF IV Jarvis sold 52.03 crore units, reducing stake to 28.26%.
Annual reports
-
Annual Report 2025
from web
-
Annual Report 2024
from web
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Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
Concalls
-
Aug 2026PPT
-
May 2026Transcript PPT
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Feb 2026PPT
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Nov 2025Transcript PPT
Evolution:[1]
The trust acquired Summit in August 2020 and Crest in March
2022. It acquired ATC India for ₹132.88 billion in September 2024, renamed it Elevar and combined the three platforms under Altius. In FY26, was the first full year of integrated operations. It is now an operator-neutral macro, indoor and small-cell network.[2]