Indus Towers Ltd

About [ edit ]

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

Key Points [ edit ]
  • Market Cap 65,851 Cr.
  • Current Price 244
  • High / Low 283 / 161
  • Stock P/E 17.4
  • Book Value 58.9
  • Dividend Yield 8.23 %
  • ROCE 19.8 %
  • ROE 25.7 %
  • Face Value 10.0

Pros

  • Stock is providing a good dividend yield of 8.23%.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 104.54%

Cons

  • Company might be capitalizing the interest cost
  • Promoters have pledged 40.26% of their holding.
  • Debtor days have increased from 57.13 to 100.14 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
1,697 1,720 1,733 1,676 1,725 1,668 1,667 1,682 1,635 1,766 4,061 6,492
931 950 912 920 803 763 801 819 803 859 2,033 3,080
Operating Profit 766 770 822 755 923 906 866 863 833 907 2,027 3,412
OPM % 45% 45% 47% 45% 53% 54% 52% 51% 51% 51% 50% 53%
Other Income 333 259 244 282 317 507 402 283 318 310 357 77
Interest -88 -100 -119 -82 -34 -4 20 16 14 29 233 362
Depreciation 277 270 265 255 313 313 310 346 298 305 913 1,332
Profit before tax 910 859 920 865 961 1,103 939 784 839 884 1,238 1,796
Tax % 30% 30% 30% 30% 8% 13% 15% 17% 16% 17% 21% 24%
Net Profit 638 600 648 608 887 964 799 650 704 733 979 1,364
EPS in Rs 3.45 3.24 3.51 3.29 4.80 5.21 4.32 3.51 3.80 3.96 3.63 5.06

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
7,039 8,508 9,452 10,272 10,827 11,668 5,558 6,085 6,621 6,826 6,743 13,954
4,620 5,379 5,918 6,467 6,427 6,664 3,070 3,260 3,377 3,714 3,185 6,775
Operating Profit 2,418 3,129 3,534 3,805 4,400 5,004 2,488 2,825 3,244 3,112 3,558 7,179
OPM % 34% 37% 37% 37% 41% 43% 45% 46% 49% 46% 53% 51%
Other Income 90 118 145 340 449 522 1,679 1,960 1,512 1,559 1,846 1,063
Interest 354 433 407 394 400 290 33 39 46 53 335 637
Depreciation 1,762 2,019 2,144 2,220 2,126 2,185 1,155 1,166 1,180 1,066 1,282 2,848
Profit before tax 393 795 1,128 1,531 2,323 3,052 2,979 3,580 3,529 3,553 3,788 4,757
Tax % 36% 31% 34% 35% 35% 35% 25% 23% 29% 30% 13% 21%
Net Profit 253 551 749 1,002 1,518 1,992 2,247 2,747 2,494 2,494 3,299 3,779
EPS in Rs 5.31 8.03 10.52 11.85 14.85 13.48 13.48 17.83 14.02
Dividend Payout % 0% 0% 0% 104% 55% 105% 25% 108% 104% 111% 59% 143%
Compounded Sales Growth
10 Years:5%
5 Years:20%
3 Years:28%
TTM:107%
Compounded Profit Growth
10 Years:22%
5 Years:14%
3 Years:14%
TTM:25%
Stock Price CAGR
10 Years:%
5 Years:-9%
3 Years:-9%
1 Year:21%
Return on Equity
10 Years:13%
5 Years:18%
3 Years:20%
Last Year:26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
581 581 581 1,889 1,889 1,894 1,897 1,850 1,850 1,850 1,850 2,695
Reserves 13,047 13,414 13,943 15,304 16,149 15,126 16,401 13,650 15,115 12,682 11,693 13,182
Borrowings 4,291 4,264 3,159 3,523 3,342 2,582 0 278 0 6 4,627 20,382
4,573 5,031 5,783 6,977 7,255 7,552 2,405 5,163 2,661 2,577 1,989 8,684
Total Liabilities 22,491 23,289 23,467 27,693 28,636 27,155 20,703 20,941 19,625 17,115 20,159 44,944
17,575 17,667 16,720 16,324 15,320 14,812 6,063 5,794 5,595 5,332 6,714 31,800
CWIP 365 288 186 172 153 226 70 58 110 118 54 274
Investments 395 246 336 3,891 7,480 5,882 10,059 11,172 12,327 9,906 11,170 0
4,156 5,089 6,225 7,306 5,682 6,234 4,511 3,916 1,593 1,759 2,220 12,870
Total Assets 22,491 23,289 23,467 27,693 28,636 27,155 20,703 20,941 19,625 17,115 20,159 44,944

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
2,912 2,872 3,199 3,651 3,952 3,990 1,912 2,866 3,469 3,159 2,315 7,481
-3,882 -2,971 -2,014 -5,794 -2,340 -937 1,548 -237 -1,855 1,600 -1,012 1,798
1,443 -570 -1,151 2,223 -1,500 -3,188 -1,453 -2,671 -3,555 -4,795 -1,185 -9,377
Net Cash Flow 472 -669 34 80 112 -136 2,007 -42 -1,940 -36 118 -98

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 5% 7% 8% 10% 12% 15% 14% 18% 23% 21% 23% 20%
Debtor Days 47 30 26 30 10 11 13 18 15 29 42 100
Inventory Turnover 4.54

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
53.51 53.51 53.51 53.51 53.51 53.51 53.51 53.51 53.51 53.51 69.85 69.85
42.20 42.29 43.44 43.90 43.75 43.81 43.23 42.03 40.61 40.89 26.63 27.08
2.97 2.99 1.95 1.58 1.69 2.03 2.59 3.58 4.89 4.32 2.78 2.43
1.27 1.17 1.06 0.97 1.01 0.62 0.64 0.83 0.98 1.28 0.73 0.64
0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.04 0.01 0.00 0.01 0.01

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