Español 
Deutsch 
Français 
MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
Indus Towers Limited (INDUSTOWER.NS)
INR406.90
+1.65 (+0.41%)
IN NSE Communication Services Telecommunications Services
Address
Building No. 10 122002
Gurugram, IN
Gurugram, IN
CEO
Prachur Sah
Website
industowers.com
IPO
2012-12-28
ISIN INE121J01017
Also trades on
Bombay Stock Exchange · INDUSTOWER.BO (INR)
National Stock Exchange of India · INDUSTOWER.NS (INR)
Description
Indus Towers Limited specializes in the creation, ongoing operation, and maintenance of infrastructure critical for wireless communication networks. The firm provides vital infrastructure services to various telecommunications companies and other entities delivering wireless connectivity. As of the close of the financial year on March 31, 2022, its assets included approximately 185,447 towers and 335,791 co-located sites, spanning 22 distinct telecommunication circles within India. The company, which commenced operations in 2006, was previously identified as Bharti Infratel Limited until its rebranding to Indus Towers Limited in December 2020. Its corporate headquarters are located in Gurugram, India.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary
Loading…
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
INR406.90
+1.65 (+0.41%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
7M
Beta
0.06
Float Shares
1.29B
Free Float %
48.9%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.43% | -0.95% | -7.15% | -14.23% | -0.10% | -2.91% | +2.30% | +174.42% | +61.55% | +9.26% | +112.13% |
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From
To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
Loading histogram data…
Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
406.90
DCF (Unlevered)
938.60
+130.7%
DCF (Levered)
820.82
+101.7%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
48% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 2 | 0 |
| Buy | 10 | -1 |
| Hold | 6 | 0 |
| Sell | 4 | 0 |
| Strong Sell | 3 | 0 |
Quality scores
Altman Z-Score
3.09
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
7 / 10
Strong MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Telecommunications Services: +7.0%+7.9% ★ Q1'26: +4.8% (vs Q1'25)
-
EPS growth Telecommunications Services: +15.8%-27.4% Q1'26: +0.7% (vs Q1'25)
-
FCF margin FCF growth · Telecommunications Services: +29.4%+21.4% Q1'26: +30.0% (vs Q1'25)
-
EBIT margin Telecommunications Services: +14.7%+33.3% ★ Q1'26: +32.4% (vs Q1'25)
-
ROIC Telecommunications Services: +6.4%+14.7% ★ Q1'26: +14.5% (vs Q1'25)
-
Share dilution Telecommunications Services: +0.0%-2.1% ★ Q1'26: 0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×1.18× ★ Q1'26: 1.18× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 25 Rev. Ana. 21 EPS Ana. |
Mar 2027 24 Rev. Ana. 21 EPS Ana. |
Mar 2028 23 Rev. Ana. 20 EPS Ana. |
Mar 2029 14 Rev. Ana. 11 EPS Ana. |
Mar 2030 9 Rev. Ana. 6 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
116.68B
est: 117.95B (-1.1%)
|
55.58B
est: 123.66B (-55.1%)
|
60.85B
est: 133.83B (-54.5%)
|
66.21B
est: 144.37B (-54.1%)
|
68.26B
est: 145.39B (-53.0%)
|
67.43B
est: 146.74B (-54.0%)
|
139.54B
est: 248.95B (-43.9%)
|
277.17B
est: 274.85B (+0.8%)
|
283.82B
est: 283.19B (+0.2%)
|
286.01B
est: 289.08B (-1.1%)
|
301.23B
est: 302.00B (-0.3%)
|
327.10B
323.82B – 333.29B
+8.3% YoY
|
344.81B
335.98B – 358.04B
+5.4% YoY
|
364.10B
350.10B – 387.30B
+5.6% YoY
|
377.48B
376.85B – 378.11B
+3.7% YoY
|
390.46B
377.89B – 410.52B
+3.4% YoY
|
| EBITDA |
55.31B
est: 63.00B (-12.2%)
|
41.80B
est: 66.05B (-36.7%)
|
47.99B
est: 71.48B (-32.9%)
|
47.72B
est: 77.11B (-38.1%)
|
46.91B
est: 77.65B (-39.6%)
|
54.00B
est: 78.37B (-31.1%)
|
83.88B
est: 132.96B (-36.9%)
|
153.00B
est: 146.80B (+4.2%)
|
96.23B
est: 151.25B (-36.4%)
|
158.48B
est: 156.34B (+1.4%)
|
212.61B
est: 163.33B (+30.2%)
|
176.91B
175.13B – 180.25B
+8.3% YoY
|
186.49B
181.71B – 193.64B
+5.4% YoY
|
196.92B
189.35B – 209.47B
+5.6% YoY
|
204.15B
203.81B – 204.49B
+3.7% YoY
|
211.17B
204.38B – 222.02B
+3.4% YoY
|
| EBIT |
33.46B
est: 39.58B (-15.5%)
|
30.12B
est: 41.50B (-27.4%)
|
36.18B
est: 44.91B (-19.4%)
|
35.75B
est: 48.45B (-26.2%)
|
36.05B
est: 48.79B (-26.1%)
|
41.22B
est: 49.24B (-16.3%)
|
55.93B
est: 83.54B (-33.1%)
|
100.34B
est: 92.24B (+8.8%)
|
44.29B
est: 95.04B (-53.4%)
|
99.34B
est: 98.07B (+1.3%)
|
149.82B
est: 102.45B (+46.2%)
|
110.97B
109.85B – 113.07B
+8.3% YoY
|
116.98B
113.98B – 121.46B
+5.4% YoY
|
123.52B
118.77B – 131.39B
+5.6% YoY
|
128.06B
127.84B – 128.27B
+3.7% YoY
|
132.46B
128.20B – 139.27B
+3.4% YoY
|
| Net Income |
19.92B
est: 25.89B (-23.1%)
|
22.47B
est: 30.97B (-27.4%)
|
27.47B
est: 37.84B (-27.4%)
|
24.94B
est: 35.81B (-30.4%)
|
24.94B
est: 34.27B (-27.2%)
|
32.99B
est: 43.25B (-23.7%)
|
37.79B
est: 46.95B (-19.5%)
|
63.73B
est: 59.55B (+7.0%)
|
20.40B
est: 16.74B (+21.9%)
|
60.36B
est: 66.14B (-8.7%)
|
99.32B
est: 97.43B (+1.9%)
|
71.45B
67.31B – 89.89B
-26.7% YoY
|
76.02B
70.16B – 86.26B
+6.4% YoY
|
83.41B
72.79B – 97.65B
+9.7% YoY
|
89.44B
75.19B – 106.95B
+7.2% YoY
|
—
— – —
-100.0% YoY
|
| SGA |
9.46B
est: 545.22M (+1,635.1%)
|
2.80B
est: 571.65M (+389.5%)
|
3.18B
est: 618.66M (+414.7%)
|
3.52B
est: 667.37M (+427.1%)
|
4.33B
est: 672.07M (+544.7%)
|
646.00M
est: 678.30M (-4.8%)
|
1.05B
est: 1.15B (-9.2%)
|
1.32B
est: 1.27B (+4.1%)
|
1.48B
est: 1.31B (+13.1%)
|
1.61B
est: 4.19B (-61.6%)
|
1.97B
est: 4.38B (-54.9%)
|
4.74B
4.69B – 4.83B
+8.3% YoY
|
5.00B
4.87B – 5.19B
+5.4% YoY
|
5.28B
5.07B – 5.61B
+5.6% YoY
|
5.47B
5.46B – 5.48B
+3.7% YoY
|
5.66B
5.48B – 5.95B
+3.4% YoY
|
| EPS |
10.54
est: 9.61 (+9.7%)
|
11.86
est: 11.49 (+3.2%)
|
14.73
est: 14.05 (+4.9%)
|
13.49
est: 13.29 (+1.5%)
|
11.56
est: 12.72 (-9.1%)
|
17.84
est: 16.05 (+11.1%)
|
17.52
est: 17.42 (+0.5%)
|
23.65
est: 22.10 (+7.0%)
|
7.57
est: 6.21 (+21.8%)
|
22.40
est: 24.55 (-8.8%)
|
37.31
est: 34.97 (+6.7%)
|
27.28
25.52 – 34.08
-22.0% YoY
|
28.71
26.60 – 32.70
+5.2% YoY
|
31.12
27.60 – 37.02
+8.4% YoY
|
34.06
28.51 – 40.55
+9.5% YoY
|
—
— – —
-100.0% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-08 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-07 | B+ | 3/5 | 4/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-06 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-05 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-05-04 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-30 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
152.06B
OE per share TTM
57.50
Owner's Yield
14.16%
Maintenance CapEx ratio
59.22%
Maint CapEx / Avg PPE
142.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 25 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Matthews Emerging Markets Sustainable Future Active ETF EMSF EMSF | 1.72% | 792.7K | 0.79% |
| 2 | Vanguard Emerging Markets Ex-China ETF VEXC | 0.08% | 182.4K | 0.07% |
| 3 | Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L | 0.06% | 3.34M | 0.17% |
| 4 | Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L | 0.06% | 3.34M | 0.17% |
| 5 | Vanguard FTSE Emerging Markets Shares ETF VGE.AX | 0.05% | 731.7K | 0.48% |
| 6 | Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO | 0.05% | 1.65M | 0.26% |
| 7 | Schwab Emerging Markets Equity ETF SCHE | 0.05% | 6.50M | 0.06% |
| 8 | Vanguard FTSE Emerging Markets ETF VWO | 0.05% | 81.44M | 0.06% |
| 9 | Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX | 0.05% | 288.7K | 0.40% |
| 10 | Vanguard ESG International Stock ETF VSGX | 0.02% | 1.22M | 0.10% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
28.58M
Shares Outstanding
2.64B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Prachur Sah | Chief Executive Officer, MD & Additional Director | 85M | male |
| Dheeraj Agarwal | Chief Investor Relation Officer | — | male |
| Neeti Wahi | Chief Digital & Information Officer | — | female |
| Pushkar Singh Kataria | Chief Human Resources Officer | — | male |
| Rajiv Arora | General Counsel | — | male |
| Samridhi Rodhe | Company Secretary & Compliance Officer | — | female |
| Tejinder Singh Kalra | Chief Operating Officer | — | male |
| Vikas Poddar | Chief Financial Officer | — | male |
| Anil Gupta | Chief Technology & Delivery Officer | — | male |
| Vinod Rao | Business Controller | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for INDUSTOWER.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
