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 ₹ 43,146 Cr.
- Current Price ₹ 160
- High / Low ₹ 231 / 135
- Stock P/E 19.9
- Book Value ₹ 78.3
- Dividend Yield 6.87 %
- ROCE 11.4 %
- ROE 10.0 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 85.2 to 62.6 days.
Cons
- Company might be capitalizing the interest cost
- 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.
Peer comparison
Sector: Telecomm Equipment & Infra Services Industry: Transmisson Line Towers / Equipment
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9,452 | 10,272 | 10,827 | 11,668 | 5,558 | 6,085 | 6,621 | 6,826 | 6,743 | 13,954 | 27,717 | 28,382 | |
5,913 | 6,465 | 6,427 | 6,664 | 3,070 | 3,260 | 3,464 | 3,714 | 3,185 | 6,775 | 12,816 | 18,713 | |
Operating Profit | 3,540 | 3,807 | 4,400 | 5,004 | 2,488 | 2,825 | 3,157 | 3,112 | 3,558 | 7,179 | 14,901 | 9,669 |
OPM % | 37% | 37% | 41% | 43% | 45% | 46% | 48% | 46% | 53% | 51% | 54% | 34% |
140 | 338 | 449 | 522 | 1,679 | 1,960 | 1,599 | 1,559 | 1,846 | 1,262 | 458 | -132 | |
Interest | 407 | 394 | 400 | 290 | 33 | 39 | 46 | 53 | 335 | 836 | 1,603 | 1,454 |
Depreciation | 2,144 | 2,220 | 2,126 | 2,185 | 1,155 | 1,166 | 1,180 | 1,066 | 1,282 | 2,848 | 5,325 | 5,324 |
Profit before tax | 1,128 | 1,531 | 2,323 | 3,052 | 2,979 | 3,580 | 3,529 | 3,553 | 3,788 | 4,757 | 8,431 | 2,759 |
Tax % | 34% | 35% | 35% | 35% | 25% | 23% | 29% | 30% | 13% | 21% | 24% | 26% |
Net Profit | 749 | 1,002 | 1,518 | 1,992 | 2,247 | 2,747 | 2,494 | 2,494 | 3,299 | 3,779 | 6,373 | 2,040 |
EPS in Rs | 5.31 | 8.03 | 10.52 | 11.85 | 14.85 | 13.48 | 13.48 | 17.83 | 14.02 | 23.65 | 7.57 | |
Dividend Payout % | 0% | 104% | 55% | 105% | 25% | 108% | 104% | 111% | 59% | 143% | 47% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 34% |
3 Years: | 61% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | -3% |
3 Years: | -10% |
TTM: | -65% |
Stock Price CAGR | |
---|---|
10 Years: | -1% |
5 Years: | -12% |
3 Years: | -11% |
1 Year: | -21% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 20% |
3 Years: | 22% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
581 | 1,889 | 1,889 | 1,894 | 1,897 | 1,850 | 1,850 | 1,850 | 1,850 | 2,695 | 2,695 | 2,695 | |
Reserves | 13,943 | 15,304 | 16,149 | 15,126 | 16,345 | 13,650 | 15,115 | 12,682 | 11,693 | 13,182 | 19,456 | 18,415 |
3,159 | 3,523 | 3,342 | 2,582 | 0 | 278 | 0 | 6 | 4,627 | 21,576 | 19,726 | 19,185 | |
5,783 | 6,977 | 7,255 | 7,552 | 2,461 | 5,163 | 2,661 | 2,577 | 1,584 | 7,491 | 6,091 | 6,278 | |
Total Liabilities | 23,467 | 27,693 | 28,636 | 27,155 | 20,703 | 20,941 | 19,625 | 17,115 | 19,754 | 44,944 | 47,968 | 46,572 |
16,720 | 16,324 | 15,320 | 14,812 | 6,063 | 5,794 | 5,595 | 5,332 | 6,714 | 31,800 | 31,826 | 32,384 | |
CWIP | 186 | 172 | 153 | 226 | 70 | 58 | 110 | 118 | 54 | 274 | 179 | 355 |
Investments | 336 | 3,891 | 7,480 | 5,882 | 10,059 | 11,172 | 12,327 | 9,906 | 11,170 | 2,271 | 1,652 | 0 |
6,225 | 7,306 | 5,682 | 6,234 | 4,511 | 3,916 | 1,593 | 1,759 | 1,815 | 10,598 | 14,311 | 13,834 | |
Total Assets | 23,467 | 27,693 | 28,636 | 27,155 | 20,703 | 20,941 | 19,625 | 17,115 | 19,754 | 44,944 | 47,968 | 46,572 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,199 | 3,651 | 3,952 | 3,990 | 1,912 | 2,866 | 3,469 | 3,159 | 2,315 | 7,481 | 9,121 | 7,905 | |
-2,014 | -5,794 | -2,340 | -937 | 1,548 | -237 | -1,855 | 1,600 | -1,012 | 1,798 | -2,174 | -1,730 | |
-1,151 | 2,223 | -1,500 | -3,188 | -1,453 | -2,671 | -3,555 | -4,795 | -1,185 | -9,377 | -5,982 | -7,133 | |
Net Cash Flow | 34 | 80 | 112 | -136 | 2,007 | -42 | -1,940 | -36 | 118 | -98 | 966 | -958 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 26 | 30 | 10 | 11 | 13 | 18 | 15 | 29 | 20 | 100 | 93 | 63 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 26 | 30 | 10 | 11 | 13 | 18 | 15 | 29 | 20 | 100 | 93 | 63 |
Working Capital Days | 44 | 18 | -85 | -101 | -42 | -190 | -41 | -24 | -5 | 27 | 52 | 62 |
ROCE % | 8% | 10% | 12% | 15% | 14% | 18% | 23% | 21% | 23% | 19% | 25% | 11% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Secretarial Compliance Report issued by M/s Chandrasekaran Associates, Company Secretaries, for the Financial Year ended March 31, 2023.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 May - Transcript of Earnings Call conducted on April 27, 2023 on the Company's performance for the fourth quarter (Q4) and Financial Year ended March 31, 2023.
- Annual Reporting In Annexure XIV-B Under The Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 Dated August 10, 2021, As Updated From Time To Time ('Operational Circular') 28 Apr
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
27 Apr - Link of the audio recording of Earnings Call conducted today on the Company's performance for the fourth quarter (Q4) and Financial Year ended March 31, …
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 26 Apr
Annual reports
Concalls
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May 2023TranscriptPPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Sep 2021TranscriptPPT
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Apr 2021TranscriptPPT
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Feb 2019TranscriptNotesPPT
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Dec 2018TranscriptNotesPPT
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Sep 2016TranscriptNotesPPT
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Sep 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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]