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Last Updated on: 11 March, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 534816 | NSE: INDUSTOWER

Indus Towers Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 7, 2025, 10:45 pm

Market Cap 88,272 Cr.
Current Price 327
High / Low 461/227
Stock P/E8.82
Book Value 105
Dividend Yield0.00 %
ROCE22.1 %
ROE24.2 %
Face Value 10.0
PEG Ratio0.41

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Indus Towers Ltd

Competitors of Indus Towers Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Munoth Communication Ltd 9.38 Cr. 9.72 21.1/8.60 14.90.00 %1.61 %4.27 % 10.0
Indus Towers Ltd 88,272 Cr. 327 461/2278.82 1050.00 %22.1 %24.2 % 10.0
Avantel Ltd 2,911 Cr. 119 224/86.044.4 8.400.17 %47.5 %39.2 % 2.00
ADC India Communications Ltd 463 Cr. 1,006 2,310/81016.3 1580.49 %45.2 %33.7 % 10.0
Shyam Telecom Ltd 15.1 Cr. 13.4 35.0/8.46 24.00.00 %%% 10.0
Industry Average13,776.70 Cr274.8944.0742.400.10%18.64%18.28%8.17

All Competitor Stocks of Indus Towers Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 6,9277,1166,8977,9676,7656,7537,0767,1327,1997,1937,3837,4657,547
Expenses 3,2293,0544,6355,1555,6023,3203,5963,7113,6153,1222,8792,602589
Operating Profit 3,6994,0622,2622,8111,1633,4333,4803,4223,5844,0724,5044,8646,958
OPM % 53%57%33%35%17%51%49%48%50%57%61%65%92%
Other Income 941099263-4031165697991085611484
Interest 37937537239235433635224611127408418255
Depreciation 1,3241,3651,3391,3071,3581,3201,3741,5261,5961,5641,5601,5801,568
Profit before tax 2,0892,4316431,175-9521,8931,8101,7472,0762,4892,5922,9805,219
Tax % 25%25%26%26%-26%26%26%26%26%26%26%25%23%
Net Profit 1,5711,828477872-7081,3991,3481,2951,5401,8531,9262,2244,003
EPS in Rs 5.836.781.773.23-2.635.195.004.805.726.887.158.2514.85

Last Updated: February 28, 2025, 12:27 pm

Below is a detailed analysis of the quarterly data for Indus Towers Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

  • For Sales, as of Dec 2024, the value is ₹7,547.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,465.00 Cr. (Sep 2024) to ₹7,547.00 Cr., marking an increase of ₹82.00 Cr..
  • For Expenses, as of Dec 2024, the value is ₹589.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 2,602.00 Cr. (Sep 2024) to ₹589.00 Cr., marking a decrease of 2,013.00 Cr..
  • For Operating Profit, as of Dec 2024, the value is ₹6,958.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,864.00 Cr. (Sep 2024) to ₹6,958.00 Cr., marking an increase of ₹2,094.00 Cr..
  • For OPM %, as of Dec 2024, the value is 92.00%. The value appears strong and on an upward trend. It has increased from 65.00% (Sep 2024) to 92.00%, marking an increase of 27.00%.
  • For Other Income, as of Dec 2024, the value is ₹84.00 Cr.. The value appears to be declining and may need further review. It has decreased from 114.00 Cr. (Sep 2024) to ₹84.00 Cr., marking a decrease of 30.00 Cr..
  • For Interest, as of Dec 2024, the value is ₹255.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 418.00 Cr. (Sep 2024) to ₹255.00 Cr., marking a decrease of 163.00 Cr..
  • For Depreciation, as of Dec 2024, the value is ₹1,568.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,580.00 Cr. (Sep 2024) to ₹1,568.00 Cr., marking a decrease of 12.00 Cr..
  • For Profit before tax, as of Dec 2024, the value is ₹5,219.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,980.00 Cr. (Sep 2024) to ₹5,219.00 Cr., marking an increase of ₹2,239.00 Cr..
  • For Tax %, as of Dec 2024, the value is 23.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Sep 2024) to 23.00%, marking a decrease of 2.00%.
  • For Net Profit, as of Dec 2024, the value is ₹4,003.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,224.00 Cr. (Sep 2024) to ₹4,003.00 Cr., marking an increase of ₹1,779.00 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 14.85. The value appears strong and on an upward trend. It has increased from ₹8.25 (Sep 2024) to 14.85, marking an increase of ₹6.60.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 1:32 pm

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 10,27210,82711,6685,5586,0856,6216,8266,74313,95427,71728,38228,60129,589
Expenses 6,4656,4276,6643,0703,2603,4643,7143,1856,77512,81618,71314,0449,191
Operating Profit 3,8074,4005,0042,4882,8253,1573,1123,5587,17914,9019,66914,55720,398
OPM % 37%41%43%45%46%48%46%53%51%54%34%51%69%
Other Income 3384495221,6791,9601,5991,5591,8461,262458851,490363
Interest 394400290333946533358361,6031,6701,8641,207
Depreciation 2,2202,1262,1851,1551,1661,1801,0661,2822,8485,3255,3246,0606,274
Profit before tax 1,5312,3233,0522,9793,5803,5293,5533,7884,7578,4312,7598,12213,280
Tax % 35%35%35%25%23%29%30%13%21%24%26%26%
Net Profit 1,0021,5181,9922,2472,7472,4942,4943,2993,7796,3732,0406,03610,006
EPS in Rs 5.318.0310.5211.8514.8513.4813.4817.8314.0223.657.5722.4037.13
Dividend Payout % 104%55%105%25%108%104%111%59%143%47%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)51.50%31.23%12.80%22.25%-9.21%0.00%32.28%14.55%68.64%-67.99%195.88%
Change in YoY Net Profit Growth (%)0.00%-20.27%-18.42%9.45%-31.46%9.21%32.28%-17.73%54.09%-136.63%263.87%

Indus Towers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:33%
3 Years:27%
TTM:5%
Compounded Profit Growth
10 Years:15%
5 Years:21%
3 Years:17%
TTM:79%
Stock Price CAGR
10 Years:-1%
5 Years:9%
3 Years:17%
1 Year:38%
Return on Equity
10 Years:18%
5 Years:22%
3 Years:22%
Last Year:24%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:31 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 1,8891,8891,8941,8971,8501,8501,8501,8502,6952,6952,6952,6952,638
Reserves 15,30416,14915,12616,34513,65015,11512,68211,69313,18219,45618,41524,34425,761
Borrowings 3,5233,3422,5820278064,62721,57619,72619,18520,53121,358
Other Liabilities 6,9777,2557,5522,4615,1632,6612,5771,5847,4916,0916,2788,2988,616
Total Liabilities 27,69328,63627,15520,70320,94119,62517,11519,75444,94447,96846,57255,86858,372
Fixed Assets 16,32415,32014,8126,0635,7945,5955,3326,71431,80031,82632,38439,30041,704
CWIP 172153226705811011854274179355422392
Investments 3,8917,4805,88210,05911,17212,3279,90611,1702,2711,6522763268
Other Assets 7,3065,6826,2344,5113,9161,5931,7591,81510,59814,31113,55916,14316,009
Total Assets 27,69328,63627,15520,70320,94119,62517,11519,75444,94447,96846,57255,86858,372

Below is a detailed analysis of the balance sheet data for Indus Towers Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2024, the value is ₹2,638.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹2,695.00 Cr. (Mar 2024) to ₹2,638.00 Cr., marking a decrease of 57.00 Cr..
  • For Reserves, as of Sep 2024, the value is ₹25,761.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹24,344.00 Cr. (Mar 2024) to ₹25,761.00 Cr., marking an increase of 1,417.00 Cr..
  • For Borrowings, as of Sep 2024, the value is ₹21,358.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹20,531.00 Cr. (Mar 2024) to ₹21,358.00 Cr., marking an increase of 827.00 Cr..
  • For Other Liabilities, as of Sep 2024, the value is ₹8,616.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹8,298.00 Cr. (Mar 2024) to ₹8,616.00 Cr., marking an increase of 318.00 Cr..
  • For Total Liabilities, as of Sep 2024, the value is ₹58,372.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹55,868.00 Cr. (Mar 2024) to ₹58,372.00 Cr., marking an increase of 2,504.00 Cr..
  • For Fixed Assets, as of Sep 2024, the value is ₹41,704.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹39,300.00 Cr. (Mar 2024) to ₹41,704.00 Cr., marking an increase of 2,404.00 Cr..
  • For CWIP, as of Sep 2024, the value is ₹392.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹422.00 Cr. (Mar 2024) to ₹392.00 Cr., marking a decrease of 30.00 Cr..
  • For Investments, as of Sep 2024, the value is ₹268.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3.00 Cr. (Mar 2024) to ₹268.00 Cr., marking an increase of 265.00 Cr..
  • For Other Assets, as of Sep 2024, the value is ₹16,009.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹16,143.00 Cr. (Mar 2024) to ₹16,009.00 Cr., marking a decrease of 134.00 Cr..
  • For Total Assets, as of Sep 2024, the value is ₹58,372.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹55,868.00 Cr. (Mar 2024) to ₹58,372.00 Cr., marking an increase of 2,504.00 Cr..

Notably, the Reserves (₹25,761.00 Cr.) exceed the Borrowings (21,358.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +3,6513,9523,9901,9122,8663,4693,1592,3157,4819,1217,90511,582
Cash from Investing Activity +-5,794-2,340-9371,548-237-1,8551,600-1,0121,798-2,174-1,730-7,546
Cash from Financing Activity +2,223-1,500-3,188-1,453-2,671-3,555-4,795-1,185-9,377-5,982-7,133-3,996
Net Cash Flow80112-1362,007-42-1,940-36118-98966-95841

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow0.001.003.002.00-276.003.00-3.00-1.00-14.00-5.00-10.00-6.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days3010111318152920100936382
Inventory Days
Days Payable
Cash Conversion Cycle3010111318152920100936382
Working Capital Days18-85-101-42-190-41-24-527525970
ROCE %10%12%15%14%18%23%21%23%19%25%11%22%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters67.49%68.81%68.99%68.99%68.99%68.99%68.99%68.99%68.99%52.01%53.01%50.00%
FIIs28.23%26.62%26.50%26.60%26.62%23.94%21.41%20.71%16.40%23.15%24.19%26.15%
DIIs2.93%2.96%2.92%2.87%2.47%4.51%6.69%7.08%9.90%16.97%16.99%17.79%
Public1.33%1.59%1.57%1.50%1.89%2.53%2.90%3.18%4.68%7.82%5.81%6.01%
Others0.02%0.02%0.02%0.01%0.03%0.02%0.01%0.04%0.04%0.03%0.01%0.04%
No. of Shareholders1,97,7822,07,6072,33,2762,30,2422,58,9972,71,6792,64,6742,67,1083,10,6944,06,6894,25,8764,41,036

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Midcap Fund13,383,9204.34389.6713,383,9202025-03-100%
Motilal Oswal Flexi Cap Fund13,158,6603.97383.1113,383,9202025-03-10-1.68%
Nippon India Growth Fund11,000,0001.29320.2713,383,9202025-03-10-17.81%
360 ONE Focused Equity Fund10,399,4464.46302.7813,383,9202025-03-10-22.3%
Nippon India Arbitrage Fund5,188,4001.09151.0613,383,9202025-03-10-61.23%
Nippon India Power & Infra Fund4,500,0002.89131.0213,383,9202025-03-10-66.38%
HDFC Arbitrage Fund - Regular Plan3,967,8001.06115.5213,383,9202025-03-10-70.35%
HDFC Arbitrage Fund - Wholesale Plan3,967,8001.06115.5213,383,9202025-03-10-70.35%
Edelweiss Arbitrage Fund3,763,8001.2109.5813,383,9202025-03-10-71.88%
HSBC Arbitrage Fund2,502,4003.6472.8613,383,9202025-03-10-81.3%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 22.407.5723.6517.5217.84
Diluted EPS (Rs.) 22.407.5723.6517.5217.84
Cash EPS (Rs.) 44.8827.3243.4121.3817.30
Book Value[Excl.RevalReserv]/Share (Rs.) 100.3378.3382.1958.9173.22
Book Value[Incl.RevalReserv]/Share (Rs.) 100.3378.3382.1958.9173.22
Revenue From Operations / Share (Rs.) 106.13105.32102.8551.7836.46
PBDIT / Share (Rs.) 55.3537.2256.9928.1121.75
PBIT / Share (Rs.) 32.8717.4637.2317.5414.82
PBT / Share (Rs.) 30.1410.2431.2814.4413.01
Net Profit / Share (Rs.) 22.407.5723.6510.8110.37
NP After MI And SOA / Share (Rs.) 22.407.5723.6514.0217.83
PBDIT Margin (%) 52.1535.3355.4154.2859.66
PBIT Margin (%) 30.9716.5836.2033.8740.66
PBT Margin (%) 28.399.7230.4127.8835.69
Net Profit Margin (%) 21.107.1822.9920.8728.44
NP After MI And SOA Margin (%) 21.107.1822.9927.0848.92
Return on Networth / Equity (%) 22.329.6628.7723.8024.35
Return on Capital Employeed (%) 19.3712.2525.6315.2517.21
Return On Assets (%) 10.804.3813.288.4016.69
Long Term Debt / Equity (X) 0.050.110.100.090.00
Total Debt / Equity (X) 0.150.220.240.430.17
Asset Turnover Ratio (%) 0.550.600.590.430.36
Current Ratio (X) 1.031.071.390.691.29
Quick Ratio (X) 1.031.071.390.691.29
Dividend Payout Ratio (NP) (%) 0.000.000.00158.3877.91
Dividend Payout Ratio (CP) (%) 0.000.000.0090.3156.11
Earning Retention Ratio (%) 0.000.000.00-58.3822.09
Cash Earning Retention Ratio (%) 0.000.000.009.6943.89
Interest Coverage Ratio (X) 20.296.909.589.0612.01
Interest Coverage Ratio (Post Tax) (X) 9.212.744.974.486.73
Enterprise Value (Cr.) 82710.7143254.2264333.3873061.7031883.50
EV / Net Operating Revenue (X) 2.891.522.325.244.73
EV / EBITDA (X) 5.544.314.199.647.92
MarketCap / Net Operating Revenue (X) 2.741.362.164.744.39
Retention Ratios (%) 0.000.000.00-58.3822.08
Price / BV (X) 2.901.832.704.162.19
Price / Net Operating Revenue (X) 2.741.362.164.744.39
EarningsYield 0.070.050.100.050.11

After reviewing the key financial ratios for Indus Towers Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is 22.40. This value is within the healthy range. It has increased from 7.57 (Mar 23) to 22.40, marking an increase of 14.83.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 22.40. This value is within the healthy range. It has increased from 7.57 (Mar 23) to 22.40, marking an increase of 14.83.
  • For Cash EPS (Rs.), as of Mar 24, the value is 44.88. This value is within the healthy range. It has increased from 27.32 (Mar 23) to 44.88, marking an increase of 17.56.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 100.33. It has increased from 78.33 (Mar 23) to 100.33, marking an increase of 22.00.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 100.33. It has increased from 78.33 (Mar 23) to 100.33, marking an increase of 22.00.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 106.13. It has increased from 105.32 (Mar 23) to 106.13, marking an increase of 0.81.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 55.35. This value is within the healthy range. It has increased from 37.22 (Mar 23) to 55.35, marking an increase of 18.13.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 32.87. This value is within the healthy range. It has increased from 17.46 (Mar 23) to 32.87, marking an increase of 15.41.
  • For PBT / Share (Rs.), as of Mar 24, the value is 30.14. This value is within the healthy range. It has increased from 10.24 (Mar 23) to 30.14, marking an increase of 19.90.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 22.40. This value is within the healthy range. It has increased from 7.57 (Mar 23) to 22.40, marking an increase of 14.83.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 22.40. This value is within the healthy range. It has increased from 7.57 (Mar 23) to 22.40, marking an increase of 14.83.
  • For PBDIT Margin (%), as of Mar 24, the value is 52.15. This value is within the healthy range. It has increased from 35.33 (Mar 23) to 52.15, marking an increase of 16.82.
  • For PBIT Margin (%), as of Mar 24, the value is 30.97. This value exceeds the healthy maximum of 20. It has increased from 16.58 (Mar 23) to 30.97, marking an increase of 14.39.
  • For PBT Margin (%), as of Mar 24, the value is 28.39. This value is within the healthy range. It has increased from 9.72 (Mar 23) to 28.39, marking an increase of 18.67.
  • For Net Profit Margin (%), as of Mar 24, the value is 21.10. This value exceeds the healthy maximum of 10. It has increased from 7.18 (Mar 23) to 21.10, marking an increase of 13.92.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is 21.10. This value exceeds the healthy maximum of 20. It has increased from 7.18 (Mar 23) to 21.10, marking an increase of 13.92.
  • For Return on Networth / Equity (%), as of Mar 24, the value is 22.32. This value is within the healthy range. It has increased from 9.66 (Mar 23) to 22.32, marking an increase of 12.66.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 19.37. This value is within the healthy range. It has increased from 12.25 (Mar 23) to 19.37, marking an increase of 7.12.
  • For Return On Assets (%), as of Mar 24, the value is 10.80. This value is within the healthy range. It has increased from 4.38 (Mar 23) to 10.80, marking an increase of 6.42.
  • For Long Term Debt / Equity (X), as of Mar 24, the value is 0.05. This value is below the healthy minimum of 0.2. It has decreased from 0.11 (Mar 23) to 0.05, marking a decrease of 0.06.
  • For Total Debt / Equity (X), as of Mar 24, the value is 0.15. This value is within the healthy range. It has decreased from 0.22 (Mar 23) to 0.15, marking a decrease of 0.07.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 0.55. It has decreased from 0.60 (Mar 23) to 0.55, marking a decrease of 0.05.
  • For Current Ratio (X), as of Mar 24, the value is 1.03. This value is below the healthy minimum of 1.5. It has decreased from 1.07 (Mar 23) to 1.03, marking a decrease of 0.04.
  • For Quick Ratio (X), as of Mar 24, the value is 1.03. This value is within the healthy range. It has decreased from 1.07 (Mar 23) to 1.03, marking a decrease of 0.04.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 20.29. This value is within the healthy range. It has increased from 6.90 (Mar 23) to 20.29, marking an increase of 13.39.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 9.21. This value is within the healthy range. It has increased from 2.74 (Mar 23) to 9.21, marking an increase of 6.47.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 82,710.71. It has increased from 43,254.22 (Mar 23) to 82,710.71, marking an increase of 39,456.49.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.89. This value is within the healthy range. It has increased from 1.52 (Mar 23) to 2.89, marking an increase of 1.37.
  • For EV / EBITDA (X), as of Mar 24, the value is 5.54. This value is within the healthy range. It has increased from 4.31 (Mar 23) to 5.54, marking an increase of 1.23.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.74. This value is within the healthy range. It has increased from 1.36 (Mar 23) to 2.74, marking an increase of 1.38.
  • For Retention Ratios (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 30. There is no change compared to the previous period (Mar 23) which recorded 0.00.
  • For Price / BV (X), as of Mar 24, the value is 2.90. This value is within the healthy range. It has increased from 1.83 (Mar 23) to 2.90, marking an increase of 1.07.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.74. This value is within the healthy range. It has increased from 1.36 (Mar 23) to 2.74, marking an increase of 1.38.
  • For EarningsYield, as of Mar 24, the value is 0.07. This value is below the healthy minimum of 5. It has increased from 0.05 (Mar 23) to 0.07, marking an increase of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Indus Towers Ltd as of March 11, 2025 is: ₹182.88

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 11, 2025, Indus Towers Ltd is Overvalued by 44.07% compared to the current share price 327.00

Intrinsic Value of Indus Towers Ltd as of March 11, 2025 is: 222.21

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 11, 2025, Indus Towers Ltd is Overvalued by 32.05% compared to the current share price 327.00

Last 5 Year EPS CAGR: 21.51%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.75%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -21.83, which is a positive sign.
  3. The company has higher reserves (16,709.38 cr) compared to borrowings (8,979.54 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (14.23 cr) and profit (4.23 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 40.33, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Indus Towers Ltd:
    1. Net Profit Margin: 21.1%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 19.37% (Industry Average ROCE: 18.64%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 22.32% (Industry Average ROE: 18.28%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 9.21
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.03
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 8.82 (Industry average Stock P/E: 44.07)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.15
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Indus Towers Ltd. is a Public Limited Listed company incorporated on 30/11/2006 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L64201HR2006PLC073821 and registration number is 156038. Currently Company is involved in the business activities of Wireless telecommunications activities. Company's Total Operating Revenue is Rs. 28600.60 Cr. and Equity Capital is Rs. 2694.90 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
Telecom EquipmentBuilding No. 10, Tower-A, Gurugram Haryana 122002ir@industowers.com
http://www.industowers.com
Management
NamePosition Held
Mr. Dinesh Kumar MittalChairman(NonExe.&Ind.Director)
Mr. Prachur SahManaging Director & CEO
Mr. Jagdish Saksena DeepakNon Exe.Non Ind.Director
Mr. Harjeet Singh KohliNon Exe.Non Ind.Director
Mr. Gopal VittalNon Exe.Non Ind.Director
Mr. Rajan Bharti MittalNon Exe.Non Ind.Director
Mr. Randeep Singh SekhonNon Exe.Non Ind.Director
Mr. Ravinder TakkarNon Exe.Non Ind.Director
Mr. Thomas ReistenNon Exe.Non Ind.Director
Mr. Ramesh AbhishekInd. Non-Executive Director
Ms. Anita KapurInd. Non-Executive Director
Mr. Sharad BhansaliInd. Non-Executive Director
Mr. Sonu BhasinInd. Non-Executive Director
Mr. Sunil SoodNon Exe.Non Ind.Director

FAQ

What is the latest intrinsic value of Indus Towers Ltd?

The latest intrinsic value of Indus Towers Ltd as on 10 March 2025 is ₹182.88, which is 44.07% lower than the current market price of 327.00, indicating the stock is overvalued by 44.07%. The intrinsic value of Indus Towers Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹88,272 Cr. and recorded a high/low of ₹461/227 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹25,761 Cr and total liabilities of ₹58,372 Cr.

What is the Market Cap of Indus Towers Ltd?

The Market Cap of Indus Towers Ltd is 88,272 Cr..

What is the current Stock Price of Indus Towers Ltd as on 10 March 2025?

The current stock price of Indus Towers Ltd as on 10 March 2025 is ₹327.

What is the High / Low of Indus Towers Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Indus Towers Ltd stocks is ₹461/227.

What is the Stock P/E of Indus Towers Ltd?

The Stock P/E of Indus Towers Ltd is 8.82.

What is the Book Value of Indus Towers Ltd?

The Book Value of Indus Towers Ltd is 105.

What is the Dividend Yield of Indus Towers Ltd?

The Dividend Yield of Indus Towers Ltd is 0.00 %.

What is the ROCE of Indus Towers Ltd?

The ROCE of Indus Towers Ltd is 22.1 %.

What is the ROE of Indus Towers Ltd?

The ROE of Indus Towers Ltd is 24.2 %.

What is the Face Value of Indus Towers Ltd?

The Face Value of Indus Towers Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indus Towers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE