Indus Towers Ltd
Indus Towers Limited is engaged in the business of object of, inter-alia, setting up, operating and maintaining wireless communication towers.[1]
- Market Cap ₹ 1,10,007 Cr.
- Current Price ₹ 408
- High / Low ₹ 461 / 292
- Stock P/E 11.1
- Book Value ₹ 121
- Dividend Yield 0.00 %
- ROCE 29.2 %
- ROE 33.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.7%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -17.5%
* 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
Sector: Telecomm Equipment & Infra Services Industry: Transmisson Line Towers / Equipment
Part of BSE Teck BSE Allcap Nifty Midcap 100 Nifty Infrastructure Nifty Midcap 50
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10,827 | 11,668 | 5,558 | 6,085 | 6,621 | 6,826 | 6,743 | 13,954 | 27,717 | 28,382 | 28,601 | 30,123 | |
6,427 | 6,664 | 3,070 | 3,260 | 3,464 | 3,714 | 3,185 | 6,775 | 12,816 | 18,713 | 14,044 | 9,278 | |
Operating Profit | 4,400 | 5,004 | 2,488 | 2,825 | 3,157 | 3,112 | 3,558 | 7,179 | 14,901 | 9,669 | 14,557 | 20,845 |
OPM % | 41% | 43% | 45% | 46% | 48% | 46% | 53% | 51% | 54% | 34% | 51% | 69% |
449 | 522 | 1,679 | 1,960 | 1,599 | 1,559 | 1,846 | 1,262 | 458 | 85 | 1,490 | 346 | |
Interest | 400 | 290 | 33 | 39 | 46 | 53 | 335 | 836 | 1,603 | 1,670 | 1,864 | 1,635 |
Depreciation | 2,126 | 2,185 | 1,155 | 1,166 | 1,180 | 1,066 | 1,282 | 2,848 | 5,325 | 5,324 | 6,060 | 6,402 |
Profit before tax | 2,323 | 3,052 | 2,979 | 3,580 | 3,529 | 3,553 | 3,788 | 4,757 | 8,431 | 2,759 | 8,122 | 13,154 |
Tax % | 35% | 35% | 25% | 23% | 29% | 30% | 13% | 21% | 24% | 26% | 26% | 24% |
1,518 | 1,992 | 2,247 | 2,747 | 2,494 | 2,494 | 3,299 | 3,779 | 6,373 | 2,040 | 6,036 | 9,932 | |
EPS in Rs | 8.03 | 10.52 | 11.85 | 14.85 | 13.48 | 13.48 | 17.83 | 14.02 | 23.65 | 7.57 | 22.40 | 36.85 |
Dividend Payout % | 55% | 105% | 25% | 108% | 104% | 111% | 59% | 143% | 47% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 35% |
3 Years: | 3% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 27% |
3 Years: | 17% |
TTM: | 71% |
Stock Price CAGR | |
---|---|
10 Years: | 0% |
5 Years: | 19% |
3 Years: | 26% |
1 Year: | 15% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 25% |
3 Years: | 24% |
Last Year: | 33% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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 |
Reserves | 16,149 | 15,126 | 16,345 | 13,650 | 15,115 | 12,682 | 11,693 | 13,182 | 19,456 | 18,415 | 24,344 | 29,860 |
3,342 | 2,582 | 0 | 278 | 0 | 6 | 4,627 | 21,576 | 19,726 | 19,185 | 20,531 | 21,156 | |
7,255 | 7,552 | 2,461 | 5,163 | 2,661 | 2,577 | 1,584 | 7,491 | 6,091 | 6,278 | 8,298 | 9,516 | |
Total Liabilities | 28,636 | 27,155 | 20,703 | 20,941 | 19,625 | 17,115 | 19,754 | 44,944 | 47,968 | 46,572 | 55,868 | 63,170 |
15,320 | 14,812 | 6,063 | 5,794 | 5,595 | 5,332 | 6,714 | 31,800 | 31,826 | 32,384 | 39,300 | 44,380 | |
CWIP | 153 | 226 | 70 | 58 | 110 | 118 | 54 | 274 | 179 | 355 | 422 | 567 |
Investments | 7,480 | 5,882 | 10,059 | 11,172 | 12,327 | 9,906 | 11,170 | 2,271 | 1,652 | 276 | 3 | 1,486 |
5,682 | 6,234 | 4,511 | 3,916 | 1,593 | 1,759 | 1,815 | 10,598 | 14,311 | 13,559 | 16,143 | 16,737 | |
Total Assets | 28,636 | 27,155 | 20,703 | 20,941 | 19,625 | 17,115 | 19,754 | 44,944 | 47,968 | 46,572 | 55,868 | 63,170 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,952 | 3,990 | 1,912 | 2,866 | 3,469 | 3,159 | 2,315 | 7,481 | 9,121 | 7,905 | 11,582 | 19,645 | |
-2,340 | -937 | 1,548 | -237 | -1,855 | 1,600 | -1,012 | 1,798 | -2,174 | -1,730 | -7,546 | -10,910 | |
-1,500 | -3,188 | -1,453 | -2,671 | -3,555 | -4,795 | -1,185 | -9,377 | -5,982 | -7,133 | -3,996 | -8,648 | |
Net Cash Flow | 112 | -136 | 2,007 | -42 | -1,940 | -36 | 118 | -98 | 966 | -958 | 41 | 87 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 10 | 11 | 13 | 18 | 15 | 29 | 20 | 100 | 93 | 63 | 82 | 58 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 10 | 11 | 13 | 18 | 15 | 29 | 20 | 100 | 93 | 63 | 82 | 58 |
Working Capital Days | -85 | -101 | -42 | -190 | -41 | -24 | -5 | 27 | 52 | 39 | 70 | 72 |
ROCE % | 12% | 15% | 14% | 18% | 23% | 21% | 23% | 19% | 25% | 11% | 22% | 29% |
Documents
Announcements
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Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015
4h - Board forms committee to evaluate buyback, bonus shares, or dividend options for shareholders.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
4h - Indus Towers Q4 and FY25 results: Revenue Rs 30,123 Cr, PAT Rs 9,932 Cr, acquired Bharti Airtel assets.
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Quarterly Report For The Fourth Quarter (Q4) And Financial Year Ended March 31, 2025
4h - Indus Towers Q4 and FY25 audited results: Revenue Rs77.3bn, PAT Rs17.8bn, towers 249,305, acquired 12,606 towers from Bharti Airtel.
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Board Meeting Outcome for Outcome Of Board Meeting
5h - Indus Towers reports audited Q4 and FY25 results; completed Rs.19.8bn passive infrastructure acquisition from Bharti Airtel.
- Audited Financial Results For The Fourth Quarter And Year Ended On March 31, 2025 4h
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Concalls
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Jan 2025TranscriptPPTREC
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Business Overview
Indus 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]