Indus Towers Limited (IN:INDUSTOWER)
:INDUSTOWER
Want to see IN:INDUSTOWER full AI Analyst Report?
Top Page
Indus Towers Limited
(INDUSTOWER)
Select Model
Select Model
Rating:66Neutral
Price Target:
₹443.00
▲(2.30% Upside)
Action:Downgraded
Date:05/02/26
The score is driven primarily by solid financial performance with improving leverage but meaningful volatility in earnings and especially free cash flow. Technical signals are weak-to-neutral with the stock below key short/medium-term moving averages and negative MACD. Valuation is moderate on P/E, but lacks dividend yield support due to missing data.
Positive Factors
Improving leverage
Debt-to-equity falling materially over the multi-year period strengthens the balance sheet and reduces financial risk for a capital-intensive tower business. Lower leverage improves interest burden capacity, supports future financing for site expansion, and increases resilience to cyclical telecom capex cycles.
Negative Factors
Free cash flow drop
A large one-year FCF decline materially weakens the company's ability to self-fund growth, repay debt, or return capital. For a capital-intensive infrastructure owner, such a pronounced FCF swing raises questions about timing of capex, working-capital dynamics, or one-offs that could constrain strategic flexibility over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Debt-to-equity falling materially over the multi-year period strengthens the balance sheet and reduces financial risk for a capital-intensive tower business. Lower leverage improves interest burden capacity, supports future financing for site expansion, and increases resilience to cyclical telecom capex cycles.
Read all positive factors
Indus Towers Limited (INDUSTOWER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.13T
Dividend YieldN/A
Average Volume (3M)247.09K
Price to Earnings (P/E)15.4
Beta (1Y)0.96
Revenue Growth7.87%
EPS Growth-27.50%
CountryIN
Employees3,791
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)36.82
Shares Outstanding2,638,162,800
10 Day Avg. Volume236,443
30 Day Avg. Volume247,092
Financial Highlights & Ratios
PEG Ratio-0.56
Price to Book (P/B)2.78
Price to Sales (P/S)3.39
P/FCF Ratio19.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)28.58
Revenue Forecast (FY)₹344.38B
Indus Towers Limited Business Overview & Revenue Model
Company Description
Indus Towers Limited establishes, operates, and maintains wireless communication towers. The company offers infrastructure services to telecom operators and other wireless services providers. As of March 31, 2022, it owned and operated approximate...
How the Company Makes Money
Indus Towers primarily earns revenue by leasing access to its passive telecom infrastructure to multiple mobile network operators (tenants) at the same site under long-term or recurring service arrangements. Key revenue streams typically include: ...
Indus Towers Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
73
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 307.97B | 324.93B | 301.23B | 286.01B | 283.82B | 277.17B |
| Gross Profit | 191.79B | 124.69B | 186.74B | 174.51B | 177.91B | 174.51B |
| EBITDA | 212.89B | 179.76B | 212.61B | 158.48B | 96.23B | 153.00B |
| Net Income | 97.43B | 71.45B | 99.32B | 60.36B | 20.40B | 63.73B |
Balance Sheet | ||||||
| Total Assets | 647.73B | 713.16B | 631.70B | 558.68B | 465.72B | 479.68B |
| Cash, Cash Equivalents and Short-Term Investments | 41.72B | 58.58B | 72.26B | 631.00M | 2.98B | 26.32B |
| Total Debt | 206.97B | 211.27B | 211.56B | 205.31B | 191.85B | 197.26B |
| Total Liabilities | 304.68B | 316.70B | 306.72B | 288.29B | 254.63B | 258.17B |
| Stockholders Equity | 343.05B | 396.46B | 324.98B | 270.39B | 211.09B | 221.50B |
Cash Flow | ||||||
| Free Cash Flow | 125.95B | 55.48B | 128.61B | 26.29B | 42.82B | 58.36B |
| Operating Cash Flow | 193.38B | 141.74B | 196.45B | 115.82B | 79.05B | 91.21B |
| Investing Cash Flow | -113.33B | -103.95B | -109.11B | -75.46B | -17.30B | -21.74B |
| Financing Cash Flow | -83.30B | -38.80B | -86.48B | -39.95B | -71.33B | -59.82B |
Indus Towers Limited Technical Analysis
Positive
433.05
Price Trends
422.23
Positive
431.96
Negative
400.52
Positive
Market Momentum
2.28
Negative
58.66
Neutral
77.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDUSTOWER, the sentiment is Positive. The current price of 433.05 is above the 20-day moving average (MA) of 413.20, above the 50-day MA of 422.23, and above the 200-day MA of 400.52, indicating a bullish trend. The MACD of 2.28 indicates Negative momentum. The RSI at 58.66 is Neutral, neither overbought nor oversold. The STOCH value of 77.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INDUSTOWER.
Indus Towers Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹102.67B | 13.92 | ― | 0.79% | 23.00% | 15.55% | |
66 Neutral | ₹1.13T | 15.37 | ― | ― | 7.87% | -27.50% | |
61 Neutral | ₹797.60B | 43.53 | ― | 0.78% | 9.43% | 16.03% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | ₹506.59B | 36.47 | ― | 1.39% | 6.96% | -31.56% | |
47 Neutral | ₹1.17B | 0.14 | ― | ― | -11.62% | ― | |
47 Neutral | ₹1.47T | 2.66 | ― | ― | 2.99% | ― |
* Communication Services Sector Average
IN:INDUSTOWER
Indus Towers Limited
431.20
47.25
12.31%
IN:BHARTIHEXA
Bharti Hexacom Limited
1,569.25
-118.20
-7.00%
IN:GTL
GTL Limited
7.61
-0.98
-11.41%
IN:IDEA
Vodafone Idea Ltd
13.62
6.87
101.78%
IN:RAILTEL
RailTel Corp. of India Ltd.
320.85
-56.47
-14.97%
IN:TATACOMM
Tata Communications Limited
1,893.10
249.87
15.21%
Indus Towers Limited Corporate Events
Indus Towers Sets Up GIFT City Subsidiary for Global Investments and Treasury
Apr 28, 2026
Indus Towers Limited has incorporated a wholly owned subsidiary, Indus Towers Global Ventures IFSC Limited, in Gujarat International Finance Tec-City (GIFT City), an International Financial Services Centre. The new entity has an initial share capi...
Indus Towers Sets April 30 Date for FY 2026 Results, Schedules May 1 Earnings Call
Apr 23, 2026
Indus Towers Limited has scheduled the announcement of its financial results for the fourth quarter and full year ended March 31, 2026, on April 30, 2026, with detailed reports, key performance indicators and related materials to be published on i...
Indus Towers Plans Structured COO Transition Ahead of Senior Executive’s Retirement
Mar 31, 2026
Indus Towers Limited has announced a planned change in senior management, with current Chief Operating Officer Tejinder Singh Kalra set to retire on August 31, 2026 upon reaching superannuation. Kalra, credited with driving operational excellence ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.