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Indus Towers Ltd.
INDUSTOWERMid CapNSEBSE
Telecommunication · Telecommunication
₹382.35up 2.40up 0.63 percentas of 28 Aug 2026
Book value ₹151.13Div yield 3.66%
Key metrics
- Market Cap
- 99,933.61 ₹ cr
- P/E
- 14.02 x
- P/B
- 2.53 x
- ROE
- 15.35%
- ROCE
- 22.28%
- Debt to Equity
- 0.17 x
- Net Margin
- 26.11%
- Dividend Yield
- 3.66%
- Revenue Growth (YoY)
- 4.64%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE above 20% in 1 of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue grew year-on-year in each of the last 3 years.
- Net margin declined year-on-year in 1 of the last 3 years.
- Promoter holding 51.3% (pledge data not available).
- Debt-to-equity 0.17 — below the Telecommunication median of 0.44.
INDUSTOWER
₹382.35up 0.63 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatStable Return Franchise
17.13%ROCE
ROE: 18.02%·P/B: 2.53x
2. Forensic Health & SolvencyPiotroski 6/9 · Adequate Health
6/9Piotroski Score
Altman: 4.5 (Safe Zone)
3. Valuation & DCF SpreadFairly Valued
₹418DCF Fair Value
CMP: ₹382.4
4. Ownership & GovernanceClean Promoter Holding
51.26%Promoter Stake
Pledged: 0.0%·Inst: 39.42%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #5 of 7 in TelecommunicationQVGM 62/100
Quality (Q)69
ROE, ROCE, Margins & Cash Conversion
Value (V)80
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)56
3Y Sales & EPS Compounded Growth
Momentum (M)39
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #5 of 7 in Telecommunication
Valuation
Strong80/100
P/E Ratio:14.02x
P/B Ratio:2.53x
Dividend Yield:3.66%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Moderate56/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Moderate69/100
ROE:18.0%
ROCE:17.1%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Moderate67/100
Piotroski F-Score:6/9
Altman Z-Score:4.51
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Weak39/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹324.05
From 52W High-19.97%
52-Week High₹477.75
Valuation MultiplesCash Flow & Yield
PEG Ratio0.30
Earnings Yield54.21%
Price / FCF102.50
FCF Yield0.98%
Payout Ratio6.75%
Net-Net Ratio-15.62
Solvency & SafetyPiotroski & Altman
Piotroski F-Score6/9
Altman Z-Score4.51
Graham Number₹839.49
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▼ 1.90%
DII Stake:▲ +2.14%
OPM Margin:▼ 14.45%
Net Margin:▼ 10.98%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▲ +4.07% | ▲ +4.64% | 7.87% | 4.61% | 18.42% |
| Net Profit Growth | ▼ 2.63% | ▲ +0.52% | -28.06% | 51.86% | 13.59% |
| EPS Growth | ▼ 2.65% | ▲ +0.46% | -28.54% | 47.08% | 8.70% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — INDUSTOWER
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹438.5
Verdict:Undervalued (+14.7%)
Benjamin Graham Number
₹297.2
-22.3% vs CMPPeter Lynch Fair Value
₹130.6
-65.8% vs CMPReverse DCF Implied Growth
8.8% CAGR
Realistic Market ExpectationsValuation Spectrum PositioningCMP: ₹382.4
₹0 (Distress)CMP: ₹382DCF: ₹439Graham: ₹297
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR10.8%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 10.8% | ₹7,820 | 0.8969 | ₹7,014 |
| Year 2 | 10.8% | ₹8,665 | 0.8044 | ₹6,970 |
| Year 3 | 10.8% | ₹9,601 | 0.7214 | ₹6,926 |
| Year 4 | 10.8% | ₹10,638 | 0.6470 | ₹6,883 |
| Year 5 | 10.8% | ₹11,787 | 0.5803 | ₹6,839 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹465 +22% | ₹538 +41% | ₹584 +53% | ₹640 +67% | ₹792 +107% |
| 11.0% | ₹395 +3% | ₹447 +17% | ₹480 +25% | ₹517 +35% | ₹615 +61% |
| 11.5% | ₹366 -4% | ₹411 +7% | ₹439 +15% | ₹470 +23% | ₹551 +44% |
| 12.0% | ₹340 -11% | ₹379 -1% | ₹403 +5% | ₹430 +12% | ₹498 +30% |
| 13.0% | ₹296 -23% | ₹327 -15% | ₹345 -10% | ₹365 -5% | ₹414 +8% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E14.02current
ReportedComputed, approximate
P/B2.53current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 14.02 | 2.53 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Buy(2.57 / 5)
Strong Buy:7
Buy:4
Hold:5
Sell:6
Strong Sell:1
Coverage: 23 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Balanced risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:25.97%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +16.39%
Mean Target₹445.00vs CMP ₹382.35
High Target₹565.00+47.8% max upside
Low Target₹345.00-9.8% downside
Median Target₹457.0022 estimates
Low: ₹345.00Mean: ₹445.00High: ₹565.00
Mean Target Current Price (₹382.35)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
₹5.72
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹5.00
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹4.80
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹6.88
Low:—
High:—
FY2025E4 Analysts
Mean Estimate
₹6.75
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹7.15
Low:—
High:—
FY2025E4 Analysts
Mean Estimate
₹8.30
Low:—
High:—
FY2025E4 Analysts
Mean Estimate
₹15.17
Low:—
High:—
FY2026E3 Analysts
Mean Estimate
₹6.97
Low:—
High:—
FY2026E3 Analysts
Mean Estimate
₹6.73
Low:—
High:—
FY2026E4 Analysts
Mean Estimate
₹6.80
Low:—
High:—
FY2026E4 Analysts
Mean Estimate
₹6.59
Low:—
High:—
FY2027E3 Analysts
Mean Estimate
₹7.13
Low:₹7.00
High:₹7.00
FY2027E3 Analysts
Mean Estimate
₹7.31
Low:₹7.00
High:₹7.00
FY2027E3 Analysts
Mean Estimate
₹6.62
Low:—
High:—
FY2027E3 Analysts
Mean Estimate
₹7.28
Low:₹7.00
High:₹7.00
FY2028E1 Analysts
Mean Estimate
₹7.95
Low:₹7.00
High:₹7.00
FY2028E1 Analysts
Mean Estimate
₹8.21
Low:₹8.00
High:₹8.00
FY2028E1 Analysts
Mean Estimate
₹7.73
Low:₹7.00
High:₹7.00
FY2028E1 Analysts
Mean Estimate
₹8.86
Low:₹8.00
High:₹8.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹5.72 | — | — | — |
| FY2024 Forecast | ₹5.00 | — | — | — |
| FY2024 Forecast | ₹4.80 | — | — | — |
| FY2024 Forecast | ₹6.88 | — | — | — |
| FY2025 Forecast | ₹6.75 | — | — | 4 |
| FY2025 Forecast | ₹7.15 | — | — | — |
| FY2025 Forecast | ₹8.30 | — | — | 4 |
| FY2025 Forecast | ₹15.17 | — | — | 4 |
| FY2026 Forecast | ₹6.97 | — | — | 3 |
| FY2026 Forecast | ₹6.73 | — | — | 3 |
| FY2026 Forecast | ₹6.80 | — | — | 4 |
| FY2026 Forecast | ₹6.59 | — | — | 4 |
| FY2027 Forecast | ₹7.13 | ₹7.00 | ₹7.00 | 3 |
| FY2027 Forecast | ₹7.31 | ₹7.00 | ₹7.00 | 3 |
| FY2027 Forecast | ₹6.62 | — | — | 3 |
| FY2027 Forecast | ₹7.28 | ₹7.00 | ₹7.00 | 3 |
| FY2028 Forecast | ₹7.95 | ₹7.00 | ₹7.00 | 1 |
| FY2028 Forecast | ₹8.21 | ₹8.00 | ₹8.00 | 1 |
| FY2028 Forecast | ₹7.73 | ₹7.00 | ₹7.00 | 1 |
| FY2028 Forecast | ₹8.86 | ₹8.00 | ₹8.00 | 1 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
5 Factors- •Company has a solid 3-year average ROE of 23.6%.
- •Net profit has grown at an impressive 51.9% CAGR over 3 years.
- •Strong cash generation: Operating Cash Flow is 219.5% of reported Net Profit.
- •High promoter holding of 51.3% with zero encumbrance / pledge.
- •High institutional backing: FIIs & DIIs hold a combined 39.4%.
Risk Factors & Watchouts
0 WatchoutsClean profile: No major debt, leverage, or working capital red flags detected.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score6 / 9
● Moderate (Neutral)
Altman Z-Score4.51
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-2.66
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
98.8%Healthy
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
21.7%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
55.0%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹7,145 CrInflow
7,145
+ D&A Non-Cash Charge₹7,220 CrAdd-back
7,220
Working Capital Adjustment₹1,319 Cr+ Cash
1,319
= Operating Cash Flow (CFO)₹15,684 CrOperating Cash
15,684
- Capital Expenditures (CapEx)-₹8,626 CrReinvestment
8,626
= Free Cash Flow (FCF)₹7,058 CrFree Cash Flow
7,058
- Dividends & Debt Repayment-₹1,572 CrCapital Return
1,572
= Net Change in Cash₹5,486 CrNet Balance
5,486
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2018-201931 Mar 2019 | 2019-202031 Mar 2020 | 2020-202131 Mar 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹16,246.55 | ₹6,743.00 | ₹13,954.30 | ₹27,717.20 | ₹28,381.80 | ₹28,600.60 | ₹30,122.80 | ₹32,493.10 |
| Operating profit | ₹3,249.31 | ₹2,276.30 | ₹4,330.90 | ₹9,575.50 | ₹3,851.90 | ₹8,496.70 | ₹14,247.90 | ₹10,672.40 |
| OPM | 20.00% | 33.76% | 31.04% | 34.55% | 13.57% | 29.71% | 47.30% | 32.85% |
| Net profit | ₹3,572.45 | ₹3,298.70 | ₹3,779.00 | ₹6,373.10 | ₹2,040.00 | ₹6,036.20 | ₹9,931.70 | ₹7,144.90 |
| EPS | 13.53 | 17.66 | 17.21 | 22.93 | 8.21 | 21.63 | 36.55 | 26.12 |
| Net margin | 21.99% | 48.92% | 27.08% | 22.99% | 7.19% | 21.11% | 32.97% | 21.99% |
| ROE | 36.35% | 24.36% | 23.80% | 28.77% | 9.66% | 22.32% | 30.56% | 18.02% |
| ROCE | 24.91% | 14.29% | 13.97% | 24.46% | 10.03% | 18.59% | 26.69% | 17.13% |
| Debt / equity | 0.33 | 0.34 | 1.36 | 0.89 | 0.91 | 0.76 | 0.65 | 0.53 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y |
|---|---|---|---|
| Revenue | 7.87% | 4.61% | 18.42% |
| Net profit | -28.06% | 51.86% | 13.59% |
| EPS | -28.54% | 47.08% | 8.70% |
Each column only appears when 8 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | ₹17,871.21 | ₹19,753.90 | ₹44,943.70 | ₹47,967.60 | ₹46,572.40 | ₹55,867.60 | ₹63,170.20 | ₹71,316.10 |
| Total liabilities | ₹8,042.04 | ₹6,211.60 | ₹29,066.70 | ₹25,817.10 | ₹25,462.90 | ₹28,828.80 | ₹30,671.90 | ₹31,670.50 |
| Total equity | ₹9,829.16 | ₹13,542.30 | ₹15,877.00 | ₹22,150.50 | ₹21,109.50 | ₹27,038.80 | ₹32,498.30 | ₹39,645.60 |
| Total debt | ₹3,216.82 | ₹4,627.20 | ₹21,576.00 | ₹19,726.00 | ₹19,184.90 | ₹20,531.00 | ₹21,155.80 | ₹21,126.90 |
| Cash | ₹2,144.54 | ₹5.20 | ₹14.40 | ₹379.80 | ₹22.40 | ₹59.10 | ₹149.70 | ₹47.30 |
| Current assets | ₹8,042.04 | ₹4,951.30 | ₹9,629.80 | ₹12,311.30 | ₹8,707.60 | ₹10,490.00 | ₹12,929.80 | ₹15,518.40 |
| Current liabilities | ₹4,467.80 | ₹3,826.30 | ₹13,950.60 | ₹8,826.90 | ₹8,162.80 | ₹10,156.50 | ₹9,786.80 | ₹9,003.00 |
| Inventory | ₹1,624.66 | ₹183.90 | ₹283.90 | ₹111.20 | ₹100.80 | ₹186.30 | ₹277.80 | ₹308.70 |
| Receivables | ₹1,949.59 | ₹807.80 | ₹6,780.70 | ₹9,432.10 | ₹8,118.60 | ₹10,013.10 | ₹8,638.70 | ₹9,004.70 |
| Payables | ₹1,462.19 | ₹807.20 | ₹3,258.80 | ₹2,129.30 | ₹2,121.90 | ₹2,279.70 | ₹2,445.00 | ₹2,672.40 |
| Net PP&E | ₹7,148.48 | ₹6,756.60 | ₹32,066.50 | ₹31,969.60 | ₹32,715.10 | ₹39,708.90 | ₹44,909.10 | ₹50,096.00 |
| Retained earnings | ₹7,371.87 | ₹6,832.30 | ₹8,317.00 | ₹14,591.90 | ₹13,547.20 | ₹19,481.80 | ₹27,758.50 | ₹34,886.40 |
Cash flow
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | ₹4,465.56 | ₹2,315.10 | ₹7,481.30 | ₹9,121.20 | ₹7,904.80 | ₹11,582.10 | ₹19,645.00 | ₹15,684.00 |
| Capital expenditure | ₹974.79 | ₹-829.80 | ₹-2,118.40 | ₹-3,285.10 | ₹-3,622.60 | ₹-8,952.90 | ₹-6,784.00 | ₹-8,625.80 |
| Free cash flow | ₹3,490.77 | ₹1,485.30 | ₹5,362.90 | ₹5,836.10 | ₹4,282.20 | ₹2,629.20 | ₹12,861.00 | ₹7,058.20 |
| OCF / net profit | 1.25 | 0.70 | 1.98 | 1.43 | 3.87 | 1.92 | 1.98 | 2.20 |
| FCF / Capex intensity | 0.06 | 12.31 | 15.18 | 11.85 | 12.76 | 31.30 | 22.52 | 26.55 |
Income statement detail
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Gross profit | ₹5,686.29 | ₹4,375.80 | ₹8,800.70 | ₹17,451.40 | ₹17,791.00 | ₹17,450.70 | ₹18,674.00 | ₹20,488.20 |
| Cost of revenue | ₹10,560.26 | ₹2,367.20 | ₹5,153.60 | ₹10,265.80 | ₹10,590.80 | ₹11,149.90 | ₹11,448.80 | ₹12,004.90 |
| EBITDA | ₹3,574.24 | ₹3,598.00 | ₹7,322.20 | ₹14,997.70 | ₹9,292.90 | ₹14,656.70 | ₹20,737.80 | ₹17,892.70 |
| Income before tax | ₹4,751.36 | ₹3,787.50 | ₹4,756.90 | ₹8,430.70 | ₹2,759.30 | ₹8,122.40 | ₹13,153.70 | ₹9,597.80 |
| Interest expense | ₹812.33 | — | — | ₹1,324.20 | ₹1,341.10 | ₹573.90 | ₹1,214.40 | ₹1,308.10 |
| Tax expense | ₹1,178.91 | ₹488.80 | ₹977.90 | ₹2,057.60 | ₹719.30 | ₹2,086.20 | ₹3,222.00 | ₹2,452.90 |
| D&A | ₹649.86 | ₹1,321.70 | ₹2,991.30 | ₹5,422.20 | ₹5,441.00 | ₹6,160.00 | ₹6,489.90 | ₹7,220.30 |
| EBITDA margin | 22.00% | 53.36% | 52.47% | 54.11% | 32.74% | 51.25% | 68.84% | 55.07% |
Financial ratios
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.80 | 1.29 | 0.69 | 1.39 | 1.07 | 1.03 | 1.32 | 1.72 |
| Quick ratio | 1.44 | 1.25 | 0.67 | 1.38 | 1.05 | 1.01 | 1.29 | 1.69 |
| Interest coverage | 4.00 | — | — | 7.23 | 2.87 | 14.81 | 11.73 | 8.16 |
| Inventory days | 45.00 | 28.36 | 20.11 | 3.95 | 3.47 | 6.10 | 8.86 | 9.39 |
| Receivable days | 35.00 | 43.73 | 177.36 | 124.21 | 104.41 | 127.79 | 104.68 | 101.15 |
| Payable days | 40.00 | 124.46 | 230.80 | 75.71 | 73.13 | 74.63 | 77.95 | 81.25 |
| Cash conversion cycle | 40.00 | -52.38 | -33.33 | 52.46 | 34.75 | 59.26 | 35.58 | 29.28 |
| Working capital days | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
| Fixed asset turnover | 2.27 | 1.00 | 0.44 | 0.87 | 0.87 | 0.72 | 0.67 | 0.65 |
| ROA | 19.99% | 16.70% | 8.41% | 13.29% | 4.38% | 10.80% | 15.72% | 10.02% |
| ROIC | 32.77% | 10.91% | 9.19% | 17.44% | 7.07% | 13.29% | 20.11% | 13.08% |
| Gross margin | 35.00% | 64.89% | 63.07% | 62.96% | 62.68% | 61.02% | 61.99% | 63.05% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
High Quality Moat (Margin Driven, Low Debt Risk)FY2025-2026
Net marginProfitability
21.99%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
0.46
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
1.80
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
18.02%
Reported: 18.02%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 10 Aug 2026 | dividend | 140% |
| 2022 | 17 May 2022 | dividend | 110% |
| 2021 | 09 Feb 2021 | dividend | 178% |
| 2020 | 06 Aug 2020 | dividend | 23% |
| 06 May 2020 | dividend | 41% | |
| 2019 | 20 Dec 2019 | dividend | 27% |
| 23 Aug 2019 | dividend | 36% | |
| 08 May 2019 | dividend | 75% | |
| 2018 | 03 Nov 2018 | dividend | 75% |
| 20 Jul 2018 | dividend | 140% | |
| 2017 | 21 Jul 2017 | dividend | 40% |
| 03 Apr 2017 | dividend | 120% | |
| 2016 | 10 Aug 2016 | dividend | 30% |
| 2015 | 05 Aug 2015 | dividend | 65% |
| 2014 | 26 Jul 2014 | dividend | 44% |
| 26 Jul 2014 | dividend | 45% | |
| 2013 | 22 Jun 2013 | dividend | 30% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 3 dividend distributions
Latest Year DPS:₹14.00
Yield on CMP:3.66%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹42.82
₹14.0
2026
₹11.0
2022
₹17.8
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 10 Aug 2026 | ₹14.00 | Final |
| 13 May 2022 | ₹11.00 | Interim |
| 08 Feb 2021 | ₹17.82 | Interim |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
TelecommunicationCompare Peers in Studio
Market Cap99,933.61 ₹ cr
Beats 83% of 12 industry peers · median 31,980.50 ₹ cr
P/E14.02 x
Beats 22% of 9 industry peers · median 46.34 x
P/B2.53 x
Beats 11% of 9 industry peers · median 7.87 x
ROE15.35%
Beats 50% of 12 industry peers · median 16.47%
ROCE22.28%
Beats 67% of 12 industry peers · median 17.41%
Debt to Equity0.17 x
Beats 17% of 12 industry peers · median 0.44 x
Net Margin26.11%
Beats 58% of 12 industry peers · median 19.44%
Dividend Yield3.66%
Beats 100% of 6 industry peers · median 1.17%
Revenue Growth (YoY)4.64%
Beats 8% of 12 industry peers · median 14.63%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
Bharti Airtel Ltd.BHARTIARTL | ₹11.42 L | 42.42 | 7.69 |
| ₹1.58 L | 4.57 | — | |
Bharti Hexacom Ltd.BHARTIHEXA | ₹77,872.67 | 44.72 | 10.82 |
Tata Communications Ltd.TATACOMM | ₹49,072.19 | 46.34 | 14.01 |
HFCL Ltd.HFCL | ₹38,089.04 | 118.06 | 7.87 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Indus Towers Ltd. (INDUSTOWER)
Indexed Documents7 Filings
Latest Disclosure02 Aug 2026
Board Outcome02 Aug 2026
Indus Towers Ltd: Outcome of Board Meeting for Approval of Audited Financial Results
Shareholding25 Jul 2026
Indus Towers Ltd: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
Secretarial Filing09 Jun 2026
Indus Towers Ltd: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
Concall Transcript20 May 2026
Indus Towers Ltd: Transcript of Earnings Conference Call with Institutional Investors
Investor Deck16 May 2026
Indus Towers Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
Corporate Action28 Mar 2026
Indus Towers Ltd: Recommendation of Final Dividend for the Financial Year 2025-26
News
- IndianAPIIndus Towers to AU Small Finance Bank - Jay Thakkar suggests 3 stocks to buy or sell for short-term in F&O segment
Domestic benchmark indices opened flat with a positive bias, driven by easing crude oil prices and improving sentiment from Iran-Oman talks. Nifty 50 rose 0.03% to 24,341.95 despite slight declines in the BSE Sensex, showing modest gains in various sectors as markets tracked global trends.
- IndianAPIStock market today: Gift Nifty hints a positive start; eight day trading stocks to buy on Wednesday, 26 August
The Indian stock market is expected to open higher on 26 August, following positive global cues. The Nifty and Sensex ended the previous session positively, aided by falling oil prices amid diplomatic efforts in the Strait of Hormuz.
- IndianAPIBuy or sell: Gift Nifty trades flat. Vaishali Parekh recommends three intraday stocks to buy today — 13 August 2026
Buy or sell: Vaishali Parekh recommends three intraday stocks to buy today —Rain Industries, Indus Towers, and SBI
- IndianAPIStocks to watch: L&T, HUL, HDFC Bank among shares in focus today; check list here
Stock market today: Gift Nifty was trading near the 23,986 mark, down over 42 points from the previous close of Nifty futures.
- IndianAPIQ1 results 2026: BEL to Tata Power among companies to declare Q1 results today; full list here
Bharat Electronics (BEL), Coal India, Tata Power, Canara Bank, Indus Towers, Coforge, Tata Chemicals are among the companies to report their Q1 results FY27 next week.
- IndianAPIStocks to watch: BEL, Indus Towers, NTPC among shares in focus today; check list here
Stock market today: Gift Nifty was trading near the 23,934 mark, up over 127 points from the previous close of Nifty futures.
- IndianAPIFrom Gift Nifty to crude oil prices: 7 key things that changed for Indian stock market overnight
Gift Nifty was trading around 23,934 level, a premium of nearly 127.5 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.
- IndianAPIQ1 results 2026: BEL to Adani Enterprises among companies to declare Q1 results next week; check full list here
Q1 results 2026: Bharat Electronics (BEL), Adani Enterprises, Indus Towers, Coforge, L&T, Hindustan Unilever, Bajaj Finance, ITC, Sun Pharma, and Maruti Suzuki are the marquee companies to report their Q1 results FY27 next week.
- IndianAPIAmfi reshuffle signals market leadership shift as BSE enters large-cap club
Capital markets, power equipment and telecom infrastructure companies have gained ground in the latest market-cap classification, while several pharma, healthcare and auto names slipped to the mid-cap category.
- IndianAPIStock market today: Gift Nifty hints muted start; US-Iran peace talks, gold to crude oil prices - 8 stocks to buy
Indian markets expected to open lower as geopolitical tensions rise following US-Iran clashes. Despite a modest gain on Thursday, investor sentiment remains cautious. Analysts suggest monitoring key support and resistance levels for Nifty 50 and Bank Nifty amidst ongoing diplomatic negotiations.
- IndianAPIWomen rail passengers get free sanitary napkins at 100+ stations in Delhi, Lucknow, other cities
Indus Towers, one of the world's largest telecom infrastructure companies, in partnership with Northern Railways, has installed 500 sanitary napkin vending machines under its CSR program, Nari Samman, the release said.
- IndianAPIAMFI stock re-categorisation: BSE, Vodafone Idea, Jindal Steel, BHEL among potential large-cap entrants
AMFI stock re-categorisation: Stocks that could potentially move into the large-cap basket include BSE, Jindal Steel & Power, Vodafone Idea, Hitachi Energy India, Indian Bank, Indus Towers and Bharat Heavy Electricals Ltd (BHEL).
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.