Indus Towers Ltd.
NSE: INDUSTOWER · Telecom - Infrastructure
Snapshot
Unlock Indus Towers Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Indus Towers Limited is a leading provider of passive telecom infrastructure in India, specialising in the establishment, operation, and maintenance of wireless communication towers. The company serves major telecom operators by providing shared infrastructure to support their wireless network requirements.
Business Model
The company operates on a tower-sharing business model, generating revenue through long-term service agreements with telecom operators who pay rentals for co-location space on its tower assets. This model leverages economies of scale by hosting multiple tenants on a single infrastructure site.
- Towers:185,447
- Co-locations:335,791
Growth Outlook
Growth is primarily driven by the ongoing expansion of 5G network rollouts across India, which necessitates increased tower density and infrastructure upgrades. Continued demand for data connectivity and the digitisation of the Indian economy provide a stable foundation for long-term infrastructure requirements.
Key Risks
- Customer Concentration. The company relies on a limited number of large telecom operators, making it vulnerable to the financial health and consolidation of its primary tenants.
- Regulatory and Policy Risk. Changes in telecommunications regulations, spectrum pricing, or infrastructure sharing policies could adversely impact the company's operational margins.
- Technological Obsolescence. Rapid advancements in wireless technology or the emergence of alternative connectivity solutions could reduce the demand for traditional tower infrastructure.
- Counterparty Credit Risk. Delays or defaults in rental payments by telecom operators facing financial distress pose a significant risk to cash flow stability.
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Key Metrics
REVENUE
₹32,867 Cr
TTM · consolidated
NET PROFIT
₹7,154 Cr
TTM · consolidated
EPS
₹27.12
TTM · consolidated
RETURN ON EQUITY
19.8%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
19.9%
TTM · consolidated
P/E
13.9x
Q1 FY27 · consolidated
EV/EBITDA
5.3x
Q1 FY27 · consolidated
EBITDA MARGIN
57.3%
TTM · consolidated
NET PROFIT MARGIN
20.7%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0%
Q1 FY27 · consolidated
Peers · Telecom - Infrastructure
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Indus Towers Ltd.INDUSTOWER | ₹99,406 Cr | 13.89 | 5.32 | 6.7% | 57.3% | 19.8% | 19.9% | +16.3% |
Altius Telecom Infrastructure TrustALTIUSINVIT | ₹54,244 Cr | — | — | — | 41.0% | — | — | — |
HFCL Ltd.HFCL | ₹35,424 Cr | 60.27 | 30.20 | 58.7% | 20.5% | 13.4% | 20.7% | +230.7% |
Pace DigitekPACEDIGITK | ₹3,617 Cr | 10.72 | 8.13 | — | 18.7% | 14.3% | 17.4% | — |
Vindhya TelelinkVINDHYATEL | ₹3,238 Cr | 13.65 | 17.53 | -17.5% | 7.8% | 5.7% | 4.6% | +81.2% |
Bondada Engineering LimitedBONDADA | ₹3,152 Cr | — | — | — | 12.0% | — | — | -28.2% |
As of Q1 FY27
Financials
Indus Towers Ltd.
NSE: INDUSTOWER · Telecom - Infrastructure
Snapshot
Unlock Indus Towers Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Indus Towers Limited is a leading provider of passive telecom infrastructure in India, specialising in the establishment, operation, and maintenance of wireless communication towers. The company serves major telecom operators by providing shared infrastructure to support their wireless network requirements.
Business Model
The company operates on a tower-sharing business model, generating revenue through long-term service agreements with telecom operators who pay rentals for co-location space on its tower assets. This model leverages economies of scale by hosting multiple tenants on a single infrastructure site.
- Towers:185,447
- Co-locations:335,791
Growth Outlook
Growth is primarily driven by the ongoing expansion of 5G network rollouts across India, which necessitates increased tower density and infrastructure upgrades. Continued demand for data connectivity and the digitisation of the Indian economy provide a stable foundation for long-term infrastructure requirements.
Key Risks
- Customer Concentration. The company relies on a limited number of large telecom operators, making it vulnerable to the financial health and consolidation of its primary tenants.
- Regulatory and Policy Risk. Changes in telecommunications regulations, spectrum pricing, or infrastructure sharing policies could adversely impact the company's operational margins.
- Technological Obsolescence. Rapid advancements in wireless technology or the emergence of alternative connectivity solutions could reduce the demand for traditional tower infrastructure.
- Counterparty Credit Risk. Delays or defaults in rental payments by telecom operators facing financial distress pose a significant risk to cash flow stability.
Start your research today
Unlock AI insights, financials, peers and live data on Indus Towers Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹32,867 Cr
TTM · consolidated
NET PROFIT
₹7,154 Cr
TTM · consolidated
EPS
₹27.12
TTM · consolidated
RETURN ON EQUITY
19.8%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
19.9%
TTM · consolidated
P/E
13.9x
Q1 FY27 · consolidated
EV/EBITDA
5.3x
Q1 FY27 · consolidated
EBITDA MARGIN
57.3%
TTM · consolidated
NET PROFIT MARGIN
20.7%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0%
Q1 FY27 · consolidated
Peers · Telecom - Infrastructure
As of Q1 FY27