Indus Towers Limited

Web: industowers.com NSE: INDUSTOWER BSE: 534816 SECTOR: Telecommunication - Telecom - Services | Add Note | View Notes

378 3(1%)

Volume

44L as on 03, Sep

Open

375

High

375

Low

372

375

VWAP

377

52 Week High

482

52 Week Low

313

Viand Research Rating

Quality Score

43/100

Growth Score

27/100

Valuation Score

85/100

Momentum Score

0/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

99,762

No. of Shares

264

P/E

16.08

P/B

3.23

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

26.54

ROCE

Profit Growth

Listing Date

28-Dec-12

Promoter Holding

51.26%

FII Holding

25.1%

DII Holding

19.68%

Price Chart

Price Performance

1 Week1%

1 Month5%

3 Months13%

6 Months16%

1 Year16%

YTD14%

Moving Average

5 Day SMA380

10 Day SMA379

20 Day SMA378

30 Day SMA382

50 Day SMA387

61 Day SMA392

80 Day SMA401

200 Day SMA416

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	390	381	385	393
Resistance 2	385	380	382	386
Resistance 1	382	380	380	385
Pivot Point	377	379	377	378
Support 1	374	378	374	376
Support 2	369	378	372	370
Support 3	366	377	369	368

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	BHARTIARTL	11,57,114	1840	0%	5%	0%	1%	32	17.8	1.31	33823
2	IDEA	1,63,165	15	3%	13%	41%	119%	4	17.8	-5.38	34552
3	INDUSTOWER	99,762	378	1%	5%	16%	16%	16	17.8	0.53	7145
4	BHARTIHEXA	74,955	1499	3%	9%	6%	15%	0	17.8	0.86	1733
5	TATACOMM	49,926	1752	1%	4%	10%	9%	0	17.8	3.55	997
6	HFCL	37,218	243	10%	9%	227%	215%	0	17.8	0.36	329
7	ITI	26,170	272	2%	5%	3%	14%	0	17.8	0.4	293
8	TEJASNET	10,926	614	11%	9%	17%	5%	0	17.8	1.43	-909
9	RAILTEL	8,709	271	3%	7%	8%	21%	0	17.8	0.03	346
10	TTML	7,384	38	4%	5%	5%	33%	0	17.8	-1.04	-1275
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.21) 51.26%	(0.01) 51.03%	(1.01) 51.03%	(0.01) 50.00%	(0.01) 50.00%	(-3.01) 50.00%	(1.01) 53.01%	(-17.01) 52.01%	(0.01) 68.99%	(0.01) 68.99%	(0.01) 68.99%	(0.01) 68.99%	(0.01) 68.99%	(0.01) 68.99%	(0.21) 68.99%	(1.31) 68.81%	(-2.41) 67.49%	(0.01) 69.85%	(0.01) 69.85%
FIIs	(-0.81) 25.10%	(-0.31) 25.92%	(-1.31) 26.21%	(1.11) 27.51%	(0.31) 26.42%	(2.01) 26.15%	(1.01) 24.19%	(6.81) 23.15%	(-4.31) 16.40%	(-0.71) 20.71%	(-2.51) 21.41%	(-2.71) 23.94%	(0.01) 26.62%	(0.11) 26.60%	(-0.11) 26.50%	(-1.61) 26.62%	(2.21) 28.23%	(-0.81) 26.08%	(0.01) 26.83%
DIIs	(0.71) 19.68%	(0.71) 18.95%	(0.11) 18.24%	(-0.31) 18.16%	(0.61) 18.41%	(0.81) 17.79%	(0.01) 16.99%	(7.11) 16.97%	(2.81) 9.90%	(0.41) 7.08%	(2.21) 6.69%	(2.01) 4.51%	(-0.41) 2.47%	(0.01) 2.87%	(0.01) 2.92%	(0.01) 2.96%	(-0.21) 2.93%	(0.51) 3.16%	(0.01) 2.62%
Public	3.93%	4.05%	4.47%	4.28%	5.12%	6.01%	5.81%	7.82%	4.68%	3.18%	2.90%	2.53%	1.89%	1.50%	1.57%	1.59%	1.33%	0.88%	0.68%
No. of Shareholders	335,735	348,339	380,788	366,757	421,427	441,036	425,876	406,689	310,694	267,108	264,674	271,679	258,997	230,242	233,276	207,607	197,782	153,708	117,896

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	8101	8146	8188	8058	7727	7547	7465	7383	7193	7199	7132	7076	6753	6765	7967	6897	7116	6927	6876	6797
Sales Growth % (YoY)	4.8%	7.9%	9.7%	9.1%	7.4%	4.8%	4.7%	4.3%	6.5%	6.4%	-10.5%	2.6%	-5.1%	-2.3%	15.8%	1.5%	9.6%	70.6%	289.3%	315.6%
Sales Growth % (QoQ)	-0.6%	-0.5%	1.6%	4.3%	2.4%	1.1%	1.1%	2.6%	-0.1%	0.9%	0.8%	4.8%	-0.2%	-15.1%	15.5%	-3.1%	2.7%	0.7%	1.2%	-
Expenses	3677	3678	3616	3668	3332	589	2602	2879	3122	3615	3711	3596	3320	5602	5155	4635	3054	3229	3256	3280
Operating Profit	4424	4468	4572	4390	4395	6958	4864	4504	4072	3584	3422	3480	3433	1163	2811	2262	4062	3699	3620	3517
OPM %	55	55	56	54	57	92	65	61	57	50	48	49	51	17	35	33	57	53	53	52
Other Income	155	154	83	85	92	84	114	56	108	99	97	56	116	-403	63	92	109	94	93	57
Interest	376	404	376	437	431	255	418	408	127	11	246	352	336	354	392	372	375	379	364	377
Depreciation	1838	1798	1801	1704	1693	1568	1580	1560	1564	1596	1526	1374	1320	1358	1307	1339	1365	1324	1316	1320
Profit before tax	2365	2420	2478	2334	2363	5219	2980	2592	2489	2076	1747	1810	1893	-952	1175	643	2431	2089	2033	1877
Tax %	24	27	26	26	25	23	25	26	26	26	26	26	26	-26	26	26	25	25	23	25
Net Profit	1793	1776	1839	1737	1779	4003	2224	1926	1853	1540	1295	1348	1399	-708	872	477	1828	1571	1558	1415
Net Profit Growth % (QoQ)	1%	-3.4%	5.9%	-2.4%	-55.6%	80%	15.5%	3.9%	20.3%	18.9%	-3.9%	-3.6%	297.6%	-181.2%	82.8%	-73.9%	16.4%	0.8%	10.1%	-
Net Profit Growth % (YoY)	0.8%	-55.6%	-17.3%	-9.8%	-4%	159.9%	71.7%	42.9%	32.5%	317.5%	48.5%	182.6%	-23.5%	-145.1%	-44%	-66.3%	-	-	-	-
TTM Net Profit	7145	7131	9358	9743	9932	10006	7543	6614	6036	5582	3334	2911	2040	2469	4748	5434	6372	4544	2973	0
EPS in Rs	6.8	6.73	6.97	6.58	6.74	15.17	8.43	7.15	6.88	5.72	4.8	5	5.19	-2.63	3.23	1.77	6.78	5.83	5.78	5.25

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	32493	30123	28601	28382	27717	13954	6743	6826	6621	6085	5558	11668	10827	10272
Sales Growth %	7.9%	5.3%	0.8%	2.4%	98.6%	106.9%	-1.2%	3.1%	8.8%	9.5%	-52.4%	7.8%	5.4%	8.7%
Expenses	14680	9473	14044	18713	12816	6775	3185	3714	3464	3260	3070	6664	6427	6465
Operating Profit	17813	20650	14557	9669	14901	7179	3558	3112	3157	2825	2488	5004	4400	3807
OPM %	55	69	51	34	54	51	53	46	48	46	45	43	41	37
Other Income	477	764	1490	85	458	1262	1846	1559	1599	1960	1679	522	449	338
Interest	1552	1858	1864	1670	1603	836	335	53	46	39	33	290	400	394
Depreciation	7141	6402	6060	5324	5325	2848	1282	1066	1180	1166	1155	2185	2126	2220
Profit before tax	9598	13154	8122	2759	8431	4757	3788	3553	3529	3580	2979	3052	2323	1531
Tax %	26	24	26	26	24	21	13	30	29	23	25	35	35	35
Net Profit	7145	9932	6036	2040	6373	3779	3299	2494	2494	2747	2247	1992	1518	1002
Net Profit Growth %	-28.1%	64.5%	195.9%	-68%	68.6%	14.5%	32.3%	-	-9.2%	22.3%	12.8%	31.2%	51.5%	-
EPS in Rs	27.08	37.65	22.4	7.57	23.65	14.02	17.83	13.48	13.48	14.85	11.85	10.52	8.03	5.31
Dividend Payout %	52	0	0	0	47	143	59	111	104	108	25	105	55	104

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	15684	19645	11582	7905	9121	7481	2315	3159	3469	2866	1912	3990	3952	3651
Cash from Investing Activity	-10198	-10910	-7546	-1730	-2174	1798	-1012	1600	-1855	-237	1548	-937	-2340	-5794
Cash from Financing Activity	-5588	-8648	-3995	-7133	-5982	-9377	-1185	-4795	-3555	-2671	-1453	-3188	-1500	2223
Net Cash Flow	-102	87	41	-958	966	-98	118	-36	-1940	-42	2007	-136	112	80

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	2638	2638	2638	2638	2695	2695	2695	2695	1850	1850	1850	1850	1897	1894	1889	1889
Reserves	37008	33462	29860	25761	24344	18415	19456	13182	11693	12682	15115	13650	16345	15126	16149	15304
Borrowings	21127	20948	21156	21358	20531	19185	19726	21576	4627	6	0	278	0	2582	3342	3523
Other Liabilities	10544	10143	9514	8616	8298	6278	6091	7491	1584	2577	2661	5163	2461	7552	7255	6977
Total Liabilities	71316	67191	63168	58372	55868	46572	47968	44944	19754	17115	19625	20941	20703	27155	28636	27693
Fixed Assets	49514	46910	44380	41704	39300	32384	31826	31800	6714	5332	5595	5794	6063	14812	15320	16324
CWIP	630	623	567	392	422	355	179	274	54	118	110	58	70	226	153	172
Investments	4316	2929	1486	268	3	276	1652	2271	11170	9906	12327	11172	10059	5882	7480	3891
Other Assets	16856	16729	16735	16009	16143	13559	14311	10598	1815	1759	1593	3916	4511	6234	5682	7306
Total Assets	71316	67191	63168	58372	55868	46572	47968	44944	19754	17115	19625	20941	20703	27155	28636	27693

Delivery

Delivery Data: INDUSTOWER

#	Date	364 14% 415	Value (Cr)	Q/T 146	Del 54	Del 253
1	4-Sep	377	60	74	54	32
2	3-Sep	375	165	112	60	99
3	2-Sep	379	102	56	52	53
4	1-Sep	375	210	130	34	71
5	31-Aug	389	208	113	58	120
6	28-Aug	380	59	46	40	24
7	27-Aug	380	356	245	73	261
8	26-Aug	378	187	134	70	130
9	25-Aug	387	268	117	43	115
10	24-Aug	374	81	59	54	43
11	21-Aug	376	156	93	61	95
12	20-Aug	369	121	51	63	76
13	19-Aug	372	123	91	58	72
14	18-Aug	372	169	94	59	99
15	17-Aug	380	54	56	50	27
16	14-Aug	384	230	138	55	126
17	13-Aug	383	233	140	60	139
18	12-Aug	383	380	145	50	190
19	11-Aug	369	370	106	64	235
20	10-Aug	368	334	103	59	197
21	7-Aug	386	133	90	62	83
22	6-Aug	383	222	131	69	153
23	5-Aug	386	137	72	54	74
24	4-Aug	390	153	65	64	97
25	3-Aug	395	89	65	40	36
26	31-Jul	391	315	89	37	117
27	30-Jul	393	235	105	56	132
28	29-Jul	386	136	79	53	72
29	28-Jul	382	175	64	58	101
30	27-Jul	387	154	78	50	77
31	24-Jul	395	123	62	61	75
32	23-Jul	390	123	48	63	77
33	22-Jul	395	88	59	35	31
34	21-Jul	404	84	65	38	32
35	20-Jul	402	124	69	53	66
36	17-Jul	404	193	82	65	127
37	16-Jul	406	162	96	51	83
38	15-Jul	407	255	100	61	155
39	14-Jul	405	161	72	58	93
40	13-Jul	410	212	112	65	137
41	10-Jul	406	207	93	49	100
42	9-Jul	398	439	160	64	281
43	8-Jul	389	599	128	54	321
44	7-Jul	383	722	113	67	483
45	6-Jul	387	530	79	68	360
46	3-Jul	383	262	111	66	172
47	2-Jul	384	140	84	66	91
48	1-Jul	389	304	131	53	161
49	30-Jun	392	271	138	62	168
50	29-Jun	395	182	55	56	101

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	99,762c	1,016c	1.03
03-Sep	98,746c	1,438c	1.44
01-Sep	1,00,184c	356c	0.35
31-Aug	1,00,540c	712c	0.70
26-Aug	1,01,253c	567c	0.56
25-Aug	1,00,686c	1,952c	1.98
24-Aug	98,733c	317c	0.32
21-Aug	99,050c	805c	0.82
19-Aug	98,245c	0	0
18-Aug	98,245c	2,005c	2.00
17-Aug	1,00,250c	1,148c	1.13
14-Aug	1,01,398c	251c	0.25
12-Aug	1,01,147c	2,955c	3.01
11-Aug	98,192c	449c	0.45
10-Aug	98,641c	3,219c	3.16
06-Aug	1,01,860c	356c	0.35
05-Aug	1,02,216c	673c	0.65
04-Aug	1,02,888c	712c	0.69
31-Jul	1,03,601c	528c	0.51
30-Jul	1,04,128c	2,731c	2.69
29-Jul	1,01,398c	963c	0.96
28-Jul	1,00,435c	1,266c	1.25
27-Jul	1,01,701c	2,480c	2.38
24-Jul	1,04,181c	0	0

Stock Checklist

Price is above from 52 week high low average: 39%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: YES

Mutual Fund Holdings

Held by 510 fund scheme(s) across 44 fund house(s) as of Aug26 · Total value ₹28,590 Cr · 165 increasing / 263 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
SBI Mutual Fund	24	1.29%	+0.44%	7709
Kotak Mahindra Mutual Fund	40	1.34%	-0.01%	6214.5
quant Mutual Fund	26	4.84%	+5.90%	2971.3
DSP Mutual Fund	30	1.30%	-0.08%	2782.2
Nippon India Mutual Fund	14	1.16%	-0.10%	2121.9
Edelweiss Mutual Fund	22	1.18%	+0.10%	1364.7
Tata Mutual Fund	26	1.07%	-0.29%	1022.5
360 ONE Mutual Fund	10	4.19%	-0.41%	902.7
UTI Mutual Fund	18	1.43%	+0.25%	852.2
Mahindra Manulife Mutual Fund	24	1.44%	-	555.3
Axis Mutual Fund	30	0.26%	-1.13%	438.2
Invesco Mutual Fund	4	0.84%	+0.51%	389.3
Abakkus Mutual Fund	2	2.62%	+0.22%	332.4
Franklin Templeton Mutual Fund	12	0.55%	+0.14%	321.8
Mirae Asset Mutual Fund	20	0.53%	+0.10%	304
Sundaram Mutual Fund	6	2.01%	+0.25%	282.6
Canara Robeco Mutual Fund	8	0.65%	+0.88%	235.1
Motilal Oswal Mutual Fund	12	0.75%	-0.27%	183.8
LIC Mutual Fund	10	1.49%	+1.67%	146.2
Bandhan Mutual Fund	14	0.11%	-0.04%	127.2
PPFAS Mutual Fund	10	0.03%	+0.01%	102.7
Bajaj Finserv Mutual Fund	10	0.61%	-0.05%	70.5
JM Financial Mutual Fund	6	0.81%	+1.08%	30.4
Old Bridge Mutual Fund	2	6.23%	-	17.4
Jio BlackRock Mutual Fund	3	1.43%	+1.22%	13.9
Samco Mutual Fund	6	0.86%	-	11.4
Zerodha Mutual Fund	4	0.61%	-0.02%	11.2
Navi Mutual Fund	6	1.17%	-0.12%	10
Groww Mutual Fund	12	0.39%	+0.12%	7.2
ITI Mutual Fund	4	0.49%	+0.07%	7.1
Trust Mutual Fund	6	0.23%	+2.59%	6.4
Baroda BNP Paribas Mutual Fund	6	0.08%	-13.02%	3.5
Angel One Mutual Fund	2	0.24%	-0.06%	0.3
The Wealth Company Mutual Fund	6	-0.06%	+0.29%	-0.1
Capitalmind Mutual Fund	4	-0.51%	+0.30%	-0.5
NJ Mutual Fund	4	-0.03%	-0.06%	-1.7
WhiteOak Capital Mutual Fund	2	-0.38%	-0.18%	-6.3
Union Mutual Fund	4	-1.53%	-0.10%	-8.9
Unifi Mutual Fund	2	-0.82%	+0.17%	-17.3
HSBC Mutual Fund	4	-1.21%	+0.64%	-69.3
HDFC Mutual Fund	22	-0.04%	-0.03%	-110.8
ICICI Prudential Mutual Fund	18	-0.05%	-0.11%	-177.8
Aditya Birla Sun Life Mutual Fund	12	-0.47%	-0.68%	-262.1
ICICI Prudential Asset Management Company Limited	3	-0.16%	-0.03%	-304.4

Indus Towers Limited

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