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Indus Towers Ltd

(INDUSTOWER)

₹337.12.68%

as on 04:01PM, 20 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Indus Towers Ltd Analyst Rating

based on 22 analysts

HOLD

45.45%

Buy

27.27%

Hold

27.27%

Sell

Based on 22 analysts offering long term price targets for Indus Towers Ltd. An average target of ₹403.64

Source: S&P Global Market Intelligence

Indus Towers Ltd Share analysis

Indus Towers Ltd price forecast by 22 analysts

Upside of16.52%

High

₹575

Target

₹403.64

Low

₹280

Indus Towers Ltd target price ₹403.64, a slight upside of 16.52% compared to current price of ₹337.1. According to 22 analysts rating.

Source: S&P Global Market Intelligence

Indus Towers Ltd Performance

  • Day's Low

    Day's High

    ₹335.2
    Day's Price Range
    ₹348.75
  • 52 Week's Low

    52 Week's High

    ₹176.55
    52-Week Price Range
    ₹460.35
1 Month Return+ 5.26 %
3 Month Return-14.19 %
1 Year Return+ 86.89 %
Previous Close₹346.40
Open₹346.50
Volume70.47L
Upper Circuit-
Lower Circuit-
Market Cap₹91,829.98Cr

Indus Towers Ltd Key Statistics

P/E Ratio12.35
PEG Ratio0.79
Market Cap₹91,829.98 Cr
P/B Ratio2.9
EPS22.4
Dividend Yield0
SectorTelecomm Equipment & Infra Services
ROE25.06

Indus Towers Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹91,829.98 Cr7.21%0.73₹6,036 Cr₹28,600 Cr
HOLD₹51,173.18 Cr71.55%0.65₹949 Cr₹20,968 Cr
NA₹21,510.33 Cr300.09%0.69₹62 Cr₹2,470 Cr
NA₹34,803.32 Cr54.78%0.77-₹569 Cr₹1,263 Cr
BUY₹6,002.06 Cr1.81%0.79-₹57 Cr₹5,478 Cr

About Indus Towers Ltd

Indus Towers Ltd is a leading telecom infrastructure provider in India, incorporated in 2007. It operates in the telecom tower industry, providing telecom infrastructure services to telecom operators. Its core services include tower and related infrastructure services, in-building solutions, and transmission services.

Indus Towers Ltd is the largest telecom tower company in India, with over 1.26 lakh towers across the country. Its top products include telecom towers, in-building solutions, and transmission services. It also provides a range of services such as site acquisition, installation, maintenance, and energy management. The company also has a range of popular brands, including Indus Towers, Indus Towers Connect, and Indus Towers Energy. The company has also been recognised for its commitment to sustainability and has been awarded the GreenCo Silver rating for its efforts in energy efficiency.

Share Price: ₹337.10 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹91,829.98Cr as of today
Revenue: ₹7,465.30Cr as on September 2024 (Q3 24)
Net Profit: ₹2,223.50Cr as on September 2024 (Q3 24)
Listing date: 28 Dec, 2012
Chairperson Name: Narayanan Kumar
OrganisationIndus Towers Ltd
Headquarters
IndustryTelecomm Equipment & Infra Services
E-voting on sharesClick here to vote

Key events for Indus Towers Ltd

  • Indus Towers Wins Tax Appeal, Reduces Liability - 16 Dec, 2024

    Indus Towers received a favorable ruling from the ITAT, allowing depreciation claims on merged assets, which reduces its contingent liability by approximately ₹3,500 crore, enhancing financial stability.
  • Indus Towers Invests in Renewable Energy Acquisition - 13 Dec, 2024

    Indus Towers announced a Rs 38.03 crore investment to acquire a 26% stake in JSW Green Energy Eight, securing 130 MW of renewable energy. This strategic move aligns with the company's sustainability objectives and commitment to net-zero emissions.
  • Delhi HC Quashes Major GST Demand Against Indus Towers - 12 Dec, 2024

    The Delhi High Court has quashed a Rs 5,454 crore GST demand against Indus Towers, affirming that input tax credit cannot be denied based on construction use. This ruling is a significant victory for the telecommunications industry, referencing the Supreme Court's Bharti Airtel judgment.
  • Indus Towers Reports Strong Growth and 5G Expansion - 07 Dec, 2024

    Indus Towers Limited shows robust growth with a 71.74% increase in net profit and a 4.67% rise in revenue. The company is investing Rs. 5 billion to enhance its infrastructure and support India's 5G rollout, planning to add 10,000 new towers.
  • Indus Towers Set for Potential Dividend Boost - 06 Dec, 2024

    Indus Towers plans to return excess cash to shareholders post Vodafone Idea's dues clearance. Analysts predict potential dividends of ₹11-12 per share in FY25.
  • Indus Towers Positioned for Growth Amid Vodafone Changes - 05 Dec, 2024

    Indus Towers is set for growth with significant infrastructure investments and potential dividends following Vodafone's stake sale, which may enhance cash flow and reduce receivables.
  • Vodafone Divests Remaining Stake in Indus Towers - 04 Dec, 2024

    Vodafone Group Plc announced plans to sell its remaining 3% stake in Indus Towers, aiming to raise approximately Rs 2,841 crore to clear debts. This sale marks Vodafone's complete exit from Indus Towers, previously reducing its stake by 18% earlier this year.
  • Indus Towers Advances 5G Infrastructure Development - 03 Dec, 2024

    Indus Towers is enhancing its telecom infrastructure for 5G, investing Rs 5 billion, adding 5,000 new towers, and collaborating with major operators. The company reports strong financial growth.
  • Indus Towers Reports Strong Growth and Valuation Metrics - 01 Dec, 2024

    Indus Towers shares rose 1.7% to Rs. 353.6, with a low PEG ratio of 0.56 indicating potential undervaluation. Q2 FY25 revenue grew 4.7% to Rs. 7,465 crores, while net profit surged 71.7% to Rs. 2,224 crores. The stock has gained 77% over the past year and 60.6% year-to-date.
  • Indus Towers Reports Growth and Upgrades Amid Policy Change - 27 Nov, 2024

    Indus Towers reported a 4.67% YoY increase in net sales for September 2024, with a significant profit rise. Macquarie upgraded the stock, and a government policy change positively impacted shareholders.
  • Indus Towers Gains from Supreme Court Ruling and Analyst Upgrades - 21 Nov, 2024

    Indus Towers benefits from a Supreme Court ruling allowing tax credits, reducing contingent liabilities by ₹3,704 crore. Axis Capital initiates coverage with an 'Add' rating and a target price of ₹356, anticipating improved financial performance and potential dividend resumption.
  • Supreme Court Ruling Benefits Indus Towers Financially - 20 Nov, 2024

    The Supreme Court's ruling allows telecom companies, including Indus Towers, to claim CENVAT credits on infrastructure duties, positively impacting financial exposure. Additionally, Vodafone's directors resigned after a significant stake sale in Indus Towers.
  • Indus Towers Sees Positive Developments and Share Gains - 19 Nov, 2024

    Indus Towers experiences positive momentum with share price gains following Citi's 'Buy' rating and anticipated resolution of receivables issues with Vodafone Idea. Vodafone Group executives resign from the board after Bharti Airtel increases its stake.

Insights on Indus Towers Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 52.01% to 53.01% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, INDUSTOWER has outperformed top 5 stocks with highest market-cap in Integrated Telecommunications Services

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 12.70% to 12.96% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 23.15% to 24.19% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 5 quarters, 1.29K Cr → 2.22K Cr (in ₹), with an average increase of 12.5% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 8 quarters, 6.85K Cr → 7.57K Cr (in ₹), with an average increase of 1.4% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Railtel Corporation of India Ltd has given 274.6% return, outperforming this stock by 231.3%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 7.82% to 5.81% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, INDUSTOWER stock has moved down by -12.6%

Indus Towers Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹7,132.50Cr (-)₹7,199.00Cr (↑0.93%)₹7,193.20Cr (↓0.08%)₹7,383.00Cr (↑2.64%)₹7,465.30Cr (↑1.11%)
Net Income₹1,294.70Cr (-)₹1,540.50Cr (↑18.99%)₹1,853.10Cr (↑20.29%)₹1,925.90Cr (↑3.93%)₹2,223.50Cr (↑15.45%)
Net Profit Margin18.15% (-)21.40% (↑17.91%)25.76% (↑20.37%)26.09% (↑1.28%)29.78% (↑14.14%)
Value in ₹ crore
Details2021202220232024
Total Assets₹48,474.80Cr (-)₹51,688.50Cr (↑6.63%)₹50,519.50Cr (↓2.26%)₹60,419.80Cr (↑19.60%)
Total Liabilities₹32,577.50Cr (-)₹29,513.00Cr (↓9.41%)₹29,384.80Cr (↓0.43%)₹33,345.80Cr (↑13.48%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹2,305.20Cr (-)₹7,477.30Cr (↑224.37%)₹9,112.40Cr (↑21.87%)₹7,906.70Cr (↓13.23%)₹11,583.30Cr (↑46.50%)

Index Inclusions

Nifty Midcap 100

₹56,906.75

-2.82 (-1649.5%)

Nifty Midcap 150

₹21,050.60

-2.41 (-520.7%)

S&P BSE Momentum

₹2,210.33

-3.21 (-73.25%)

Nifty Midcap 50

₹15,881.10

-2.71 (-441.65%)

BSE Tech

₹19,636.93

-2.15 (-432.06%)

Nifty 200

₹13,373.90

-1.94 (-264.25%)

BSE 200

₹10,905.86

-1.89 (-210.17%)

Nifty Midcap Liquid 15

₹14,261.50

-2.79 (-408.95%)

BSE 500

₹35,082.25

-1.9 (-680.42%)

Nifty Alpha 50

₹56,427.75

-2.86 (-1661.65%)

S&P BSE Largecap

₹9,171.23

-1.78 (-165.83%)

S&P BSE 250 LargeMidCap

₹10,353.28

-1.89 (-199.23%)

Nifty 500

₹22,319.40

-1.9 (-432.75%)

Nifty Midcap Sel

₹12,683.15

-2.64 (-344.05%)

Nifty Infra

₹8,452.40

-2.08 (-179.75%)

S&P BSE 400 MidSmallCap

₹12,101.72

-2.24 (-276.79%)

Nifty LargeMidcap 250

₹15,666.00

-2.09 (-334.75%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

S&P BSE 150 MidCap

₹15,862.89

-2.35 (-381.58%)

Nifty MidSmallcap 400

₹19,899.40

-2.27 (-461.95%)

Indus Towers Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
53.01%
1.91
Foreign Institutions
24.19%
4.49
Mutual Funds
12.96%
2.03
Retail Investors
5.81%
-25.70
Others
4.03%
-6.57

Indus Towers Ltd Key Indicators

Details20202021202220232024
Return On Assets %15.997.812.334.049.99
Details20202021202220232024
Book Value Per Share (₹)73.2258.9182.1978.33100.33
Details20202021202220232024
Earning Per Share (₹)17.8314.0223.657.5722.4
Details20202021202220232024
Return On Equity %10.2422.4233.459.4425.06

Indus Towers Ltd Valuation

Indus Towers Ltd in the last 5 years

  • Overview

  • Trends

Lowest (7.04x)

March 19, 2020

Today (12.35x)

December 19, 2024

Industry (24.98x)

December 19, 2024

Highest (26.33x)

January 29, 2018

LowHigh

Indus Towers Ltd Earnings and Dividends

  • Indus Towers Ltd Earnings Results

    Indus Towers Ltd’s net profit jumped 71.74% since last year same period to ₹2,223.50Cr in the Q2 2024-2025. On a quarterly growth basis, Indus Towers Ltd has generated 15.45% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Indus Towers Ltd Dividends May,2022

    In the quarter ending March 2022, Indus Towers Ltd has declared dividend of ₹11 - translating a dividend yield of 3.26%.

    Read More about Dividends

Indus Towers Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Indus Towers Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Indus Towers Ltd (INDUSTOWER) share price today is ₹337.1

Indus Towers Ltd is listed on NSE

Indus Towers Ltd is listed on BSE

  • Today’s highest price of Indus Towers Ltd is ₹348.75.
  • Today’s lowest price of Indus Towers Ltd is ₹335.2.

PE Ratio of Indus Towers Ltd is 12.35

PE ratio = Indus Towers Ltd Market price per share / Indus Towers Ltd Earnings per share

Today’s traded volume of Indus Towers Ltd(INDUSTOWER) is 70.47L.

Today’s market capitalisation of Indus Towers Ltd(INDUSTOWER) is ₹91829.98Cr.

Indus Towers Ltd(INDUSTOWERPrice
52 Week High
₹460.35
52 Week Low
₹176.55

Indus Towers Ltd(INDUSTOWER) share price is ₹337.1. It is down -26.77% from its 52 Week High price of ₹460.35

Indus Towers Ltd(INDUSTOWER) share price is ₹337.1. It is up 90.94% from its 52 Week Low price of ₹176.55

Indus Towers Ltd(INDUSTOWERReturns
1 Day Returns
-9.3%
1 Month Returns
5.26%
3 Month Returns
-14.19%
1 Year Returns
86.89%