Indus Towers Ltd

Indus Towers Ltd

₹ 246 2.16%
26 Feb - close price
About

Indus Towers Limited is engaged in the business of object of, inter-alia, setting up, operating and maintaining wireless communication towers.[1]

Key Points

Leadership Position
The Co. has a tower market share of 33% and tenancy market share of 42% which makes it leader in the telecom tower industry in India. [1]

  • Market Cap 66,390 Cr.
  • Current Price 246
  • High / Low 253 / 136
  • Stock P/E 11.9
  • Book Value 88.0
  • Dividend Yield 0.00 %
  • ROCE 11.3 %
  • ROE 9.71 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 85.2 to 62.6 days.

Cons

  • Promoters have pledged 30.5% of their holding.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4,060 6,491 6,796 6,875 6,926 7,112 6,897 7,967 6,765 6,753 7,076 7,132 7,199
1,978 3,079 3,267 3,235 3,222 3,053 4,635 5,155 5,602 3,321 3,596 3,711 3,615
Operating Profit 2,082 3,412 3,528 3,640 3,704 4,058 2,262 2,812 1,163 3,432 3,480 3,422 3,584
OPM % 51% 53% 52% 53% 53% 57% 33% 35% 17% 51% 49% 48% 50%
81 77 57 93 94 109 92 63 -403 116 56 97 99
Interest 288 362 388 383 384 382 372 392 354 336 352 246 11
Depreciation 912 1,331 1,318 1,315 1,323 1,364 1,339 1,306 1,357 1,320 1,372 1,525 1,595
Profit before tax 963 1,797 1,878 2,035 2,091 2,420 644 1,176 -952 1,893 1,813 1,747 2,077
Tax % 27% 24% 25% 23% 25% 25% 26% 26% 26% 26% 26% 26% 26%
704 1,365 1,417 1,560 1,573 1,818 479 873 -708 1,399 1,351 1,295 1,541
EPS in Rs 2.61 5.06 5.26 5.79 5.84 6.75 1.78 3.24 -2.63 5.19 5.01 4.81 5.72
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
4,158 4,460 4,999 5,389 5,558 6,085 6,618 6,822 6,738 13,951 27,708 28,382 28,160
2,528 2,709 2,922 2,995 3,070 3,260 3,462 3,708 3,181 6,773 12,820 18,713 14,242
Operating Profit 1,630 1,751 2,077 2,394 2,488 2,825 3,156 3,114 3,557 7,178 14,888 9,669 13,918
OPM % 39% 39% 42% 44% 45% 46% 48% 46% 53% 51% 54% 34% 49%
116 680 530 1,995 572 1,716 1,297 1,668 466 816 458 85 369
Interest 1 1 9 -6 33 39 46 53 333 835 1,602 1,670 944
Depreciation 1,059 1,109 1,101 1,122 1,155 1,166 1,180 1,064 1,277 2,843 5,320 5,322 5,811
Profit before tax 687 1,322 1,497 3,274 1,872 3,336 3,227 3,665 2,412 4,316 8,424 2,762 7,531
Tax % 35% 24% 27% 17% 29% 19% 25% 24% 28% 23% 24% 26%
449 1,010 1,090 2,725 1,327 2,705 2,414 2,779 1,747 3,338 6,367 2,043 5,587
EPS in Rs 5.35 5.77 14.39 7.00 14.62 13.05 15.02 9.44 12.39 23.63 7.58 20.73
Dividend Payout % 0% 103% 76% 76% 43% 109% 107% 100% 111% 162% 47% 0%
Compounded Sales Growth
10 Years: 20%
5 Years: 34%
3 Years: 62%
TTM: -2%
Compounded Profit Growth
10 Years: 8%
5 Years: -3%
3 Years: 12%
TTM: 105%
Stock Price CAGR
10 Years: 3%
5 Years: -4%
3 Years: -2%
1 Year: 44%
Return on Equity
10 Years: 14%
5 Years: 18%
3 Years: 21%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 581 1,889 1,889 1,894 1,897 1,850 1,850 1,850 1,850 2,695 2,695 2,695 2,695
Reserves 14,154 15,784 15,859 16,070 17,033 14,388 15,876 13,815 12,031 13,202 19,481 18,440 21,027
0 0 0 0 0 278 0 6 4,608 21,560 19,726 19,185 20,704
3,250 4,221 4,600 4,258 2,252 4,947 2,479 2,414 1,583 7,490 6,087 6,276 7,751
Total Liabilities 17,985 21,894 22,348 22,222 21,182 21,463 20,204 18,084 20,072 44,947 47,988 46,595 52,176
7,286 7,112 6,686 6,470 6,063 5,791 5,589 5,325 6,679 31,770 31,814 32,373 34,965
CWIP 66 77 52 68 70 58 100 104 53 271 177 354 586
Investments 6,072 9,694 13,043 11,924 10,486 11,666 12,830 10,842 11,492 2,286 1,667 291 290
4,561 5,011 2,568 3,759 4,562 3,947 1,685 1,813 1,847 10,619 14,330 13,577 16,334
Total Assets 17,985 21,894 22,348 22,222 21,182 21,463 20,204 18,084 20,072 44,947 47,988 46,595 52,176

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,322 2,243 1,816 1,721 1,980 1,915 2,471 2,042 2,305 7,477 9,112 7,907
-1,309 -4,831 -1,114 1,076 1,476 718 -855 2,718 -1,009 1,804 -2,182 -1,739
0 2,648 -658 -2,838 -1,453 -2,671 -3,556 -4,796 -1,179 -9,381 -5,964 -7,126
Net Cash Flow 14 59 44 -41 2,003 -38 -1,940 -36 117 -99 967 -958

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 21 17 20 23 13 18 15 29 20 100 93 63
Inventory Days
Days Payable
Cash Conversion Cycle 21 17 20 23 13 18 15 29 20 100 93 63
Working Capital Days 88 14 -127 -137 -39 -178 -39 -23 -4 59 81 59
ROCE % 5% 8% 8% 17% 8% 16% 20% 20% 14% 18% 25% 11%

Shareholding Pattern

Numbers in percentages

14 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
69.85% 69.85% 69.85% 69.85% 67.49% 68.81% 68.99% 68.99% 68.99% 68.99% 68.99% 68.99%
27.08% 26.76% 26.83% 26.08% 28.23% 26.62% 26.50% 26.60% 26.62% 23.94% 21.41% 20.71%
2.43% 2.65% 2.62% 3.16% 2.93% 2.96% 2.92% 2.87% 2.47% 4.51% 6.69% 7.08%
0.64% 0.72% 0.68% 0.88% 1.33% 1.59% 1.57% 1.50% 1.89% 2.53% 2.90% 3.18%
0.01% 0.02% 0.02% 0.03% 0.02% 0.02% 0.02% 0.01% 0.03% 0.02% 0.01% 0.04%
No. of Shareholders 81,8901,10,9431,17,8961,53,7081,97,7822,07,6072,33,2762,30,2422,58,9972,71,6792,64,6742,67,108

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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