Indus Towers Ltd

Indus Towers Ltd

₹ 353 0.47%
26 Apr - 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

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]

  • Market Cap 95,212 Cr.
  • Current Price 353
  • High / Low 367 / 142
  • Stock P/E 17.1
  • Book Value 87.9
  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
4,061 6,492 6,797 6,876 6,927 7,116 6,897 7,967 6,765 6,753 7,076 7,132 7,099
2,033 3,080 3,280 3,256 3,229 3,054 4,635 5,155 5,602 3,320 3,596 3,711 3,515
Operating Profit 2,027 3,412 3,517 3,620 3,699 4,062 2,262 2,811 1,163 3,433 3,480 3,422 3,584
OPM % 50% 53% 52% 53% 53% 57% 33% 35% 17% 51% 49% 48% 50%
357 77 57 93 94 109 92 63 -403 116 56 97 99
Interest 233 362 377 364 379 375 372 392 354 336 352 246 11
Depreciation 913 1,332 1,320 1,316 1,324 1,365 1,339 1,307 1,358 1,320 1,374 1,526 1,596
Profit before tax 1,238 1,796 1,877 2,033 2,089 2,431 643 1,175 -952 1,893 1,810 1,747 2,076
Tax % 21% 24% 25% 23% 25% 25% 26% 26% 26% 26% 26% 26% 26%
979 1,364 1,415 1,558 1,571 1,828 477 872 -708 1,399 1,348 1,295 1,540
EPS in Rs 3.63 5.06 5.25 5.78 5.83 6.78 1.77 3.23 -2.63 5.19 5.00 4.80 5.72
Raw PDF
Upcoming result date: 30 April 2024

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 TTM
9,452 10,272 10,827 11,668 5,558 6,085 6,621 6,826 6,743 13,954 27,717 28,382 28,060
5,913 6,465 6,427 6,664 3,070 3,260 3,464 3,714 3,185 6,775 12,816 18,713 14,142
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 13,918
OPM % 37% 37% 41% 43% 45% 46% 48% 46% 53% 51% 54% 34% 50%
140 338 449 522 1,679 1,960 1,599 1,559 1,846 1,262 458 85 369
Interest 407 394 400 290 33 39 46 53 335 836 1,603 1,670 944
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 5,816
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 7,527
Tax % 34% 35% 35% 35% 25% 23% 29% 30% 13% 21% 24% 26%
749 1,002 1,518 1,992 2,247 2,747 2,494 2,494 3,299 3,779 6,373 2,040 5,582
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 20.71
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: 8%
5 Years: -4%
3 Years: -11%
TTM: 104%
Stock Price CAGR
10 Years: 5%
5 Years: 5%
3 Years: 11%
1 Year: 128%
Return on Equity
10 Years: 16%
5 Years: 20%
3 Years: 21%
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 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 13,943 15,304 16,149 15,126 16,345 13,650 15,115 12,682 11,693 13,182 19,456 18,415 21,004
3,159 3,523 3,342 2,582 0 278 0 6 4,627 21,576 19,726 19,185 20,704
5,783 6,977 7,255 7,552 2,461 5,163 2,661 2,577 1,584 7,491 6,091 6,278 7,753
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 52,155
16,720 16,324 15,320 14,812 6,063 5,794 5,595 5,332 6,714 31,800 31,826 32,384 34,973
CWIP 186 172 153 226 70 58 110 118 54 274 179 355 586
Investments 336 3,891 7,480 5,882 10,059 11,172 12,327 9,906 11,170 2,271 1,652 276 0
6,225 7,306 5,682 6,234 4,511 3,916 1,593 1,759 1,815 10,598 14,311 13,559 16,596
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 52,155

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 39
ROCE % 8% 10% 12% 15% 14% 18% 23% 21% 23% 19% 25% 11%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.85% 69.85% 69.85% 67.49% 68.81% 68.99% 68.99% 68.99% 68.99% 68.99% 68.99% 68.99%
26.76% 26.83% 26.08% 28.23% 26.62% 26.50% 26.60% 26.62% 23.94% 21.41% 20.71% 16.40%
2.65% 2.62% 3.16% 2.93% 2.96% 2.92% 2.87% 2.47% 4.51% 6.69% 7.08% 9.90%
0.72% 0.68% 0.88% 1.33% 1.59% 1.57% 1.50% 1.89% 2.53% 2.90% 3.18% 4.68%
0.02% 0.02% 0.03% 0.02% 0.02% 0.02% 0.01% 0.03% 0.02% 0.01% 0.04% 0.04%
No. of Shareholders 1,10,9431,17,8961,53,7081,97,7822,07,6072,33,2762,30,2422,58,9972,71,6792,64,6742,67,1083,10,694

* 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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