Analyst Rating
based on 21 analysts
41.18%
Buy
23.53%
Hold
35.29%
Sell
Based on 21 analysts offering long term price targets for Indus Towers Ltd. An average target of ₹407.14
Source: S&P Global Market Intelligence
Indus Towers Ltd Share analysis
Indus Towers Ltd price forecast by 21 analysts
Downside of
High
₹575
Target
₹407.14
Low
₹265
Indus Towers Ltd target price ₹407.14, a slight downside of -4.29% compared to current price of ₹428. According to 21 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Indus Towers Ltd revenue growth forecast
Expected growth rate Q1, FY2026:17.35%
Forecast
Actual
Including amortisation and stock based compensations
Indus Towers Ltd EPS growth forecast
EPS estimate Q1, FY2026:27.32%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹423.95₹436.252 Week's Low
52 Week's High
₹166.7₹460.35
| Returns % | |
| 1 Month Return | + 2.28 % |
| 3 Month Return | + 22.26 % |
| 1 Year Return | + 120.99 % |
| Market Stats | |
| Previous Close | ₹425.40 |
| Open | ₹433.85 |
| Volume | 1.33Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,14,642.62Cr |
Key Statistics
| P/E Ratio | 17.32 |
| PEG Ratio | 1.26 |
| Market Cap | ₹1,14,642.62 Cr |
| P/B Ratio | 2.9 |
| EPS | 22.4 |
| Dividend Yield | 0 |
| Sector | Telecomm Equipment & Infra Services |
| ROE | 25.06 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹1,14,642.62 Cr | 13.6% | 0.73 | ₹6,036 Cr | ₹28,600 Cr | |
| HOLD | ₹56,923.05 Cr | 73.1% | 0.65 | ₹949 Cr | ₹20,968 Cr | |
| BUY | ₹21,977.52 Cr | 266.38% | 0.69 | ₹62 Cr | ₹2,470 Cr | |
| NA | ₹28,865.04 Cr | 56.88% | 0.74 | -₹360 Cr | ₹1,395 Cr | |
| HOLD | ₹6,287.85 Cr | -1.13% | 0.79 | -₹57 Cr | ₹5,478 Cr |
Company Information
Indus Towers Ltd is the largest telecom tower company in India, with over 1.26 lakh towers across the country. Its top products include telecom towers, in-building solutions, and transmission services. It also provides a range of services such as site acquisition, installation, maintenance, and energy management. The company also has a range of popular brands, including Indus Towers, Indus Towers Connect, and Indus Towers Energy. The company has also been recognised for its commitment to sustainability and has been awarded the GreenCo Silver rating for its efforts in energy efficiency.
Share Price: ₹428.00 per share as on 11 Sep, 2024 04:01 PM
Market Capitalisation: ₹1,14,642.62Cr as of today
Revenue: ₹7,383.00Cr as on June 2024 (Q2 24)
Net Profit: ₹1,925.90Cr as on June 2024 (Q2 24)
Listing date: 28 Dec, 2012
Chairperson Name: Narayanan Kumar
| Organisation | Indus Towers Ltd |
| Headquarters | |
| Industry | Telecomm Equipment & Infra Services |
| E-voting on shares | Click here to vote |
Key events for Indus Towers Ltd
JPMorgan Upgrades Indus Towers Rating and Price Target - 11 Sep, 2024
JPMorgan upgraded Indus Towers to overweight and raised the target price by 47% to ₹500, indicating a 17% upside. The stock has gained over 110% YTD, outperforming Nifty 50's 15% rise.
Indus Towers Faces Downgrade and Share Price Decline - 06 Sep, 2024
Indus Towers shares experienced significant declines following a downgrade by Goldman Sachs to Sell, despite a target price increase. Concerns over valuation and growth prospects were highlighted, leading to a drop of over 6% in share price on the same day.
Indus Towers Gains on CLSA's Positive Outlook - 05 Sep, 2024
Indus Towers shares rose by up to 2% following CLSA's 'outperform' rating with a target price of Rs 575. The brokerage highlighted benefits from the expanding tower base of major telecom players.
Indus Towers Shows Positive Uptrend Signals - 02 Sep, 2024
Indus Towers is trending within a medium-term rising channel, recently finding support and indicating a continuation of the uptrend. The stock is above the 12-week SMA, and the Weekly RSI has generated a buy signal, suggesting potential upside to Rs 490-505 levels.
Indus Towers Target Price Set by Brokerage - 30 Aug, 2024
Citi highlights potential indirect benefits for Indus Towers from telecom developments. A brokerage sets a target price of Rs 465 with an entry price of Rs 454.
Vodafone Idea Developments May Impact Indus Towers - 29 Aug, 2024
Recent developments with Vodafone Idea could indirectly benefit Indus Towers, now a subsidiary of Bharti Airtel, though the impact may be limited, according to Citi.
Indus Towers Initiates Major Share Buyback Program - 28 Aug, 2024
Indus Towers began a buyback of 56.7 million shares at Rs 465 each, totaling Rs 2,639.9 crore. This move increases Bharti Airtel's stake to over 50%, making Indus Towers a subsidiary. The company reported a 42% profit increase for Q1 FY24.
BofA Maintains Buy Rating on Indus Towers - 27 Aug, 2024
BofA has reaffirmed a buy rating on Indus Towers with a target price of Rs 490, citing strong fundamentals and potential for growth through new contracts and market expansion.
Indus Towers Breaks Resistance with Strong Momentum - 21 Aug, 2024
Indus Towers has broken above the AVWAP resistance level of Rs 427, with an RSI of 59 indicating strong momentum. Increased trading volumes suggest strength, with potential upside targets of Rs 452.50. A stop loss at Rs 419 is recommended to manage risk.
Macquarie Projects Modest Growth for Indus Towers - 16 Aug, 2024
Macquarie forecasts lackluster revenue and earnings growth for Indus Towers, projecting a 5% annual increase in sales and EPS from FY24 to FY27. The target price is revised to Rs 310 from Rs 280.
Indus Towers Announces Buyback Amid Profit Growth - 13 Aug, 2024
Indus Towers has announced a ₹2,640 crore share buyback program, opening on August 14. The company reported a 43% YoY profit increase, but shares fell 2% post-announcement.
Insights on Indus Towers Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 16.40% to 23.15% in Jun 2024 quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 6.56% to 12.70% in Jun 2024 quarter
- POSITIVE IMPACT
Best in 1 Year
In the last 1 year, INDUSTOWER has outperformed top 5 stocks with highest market-cap in Integrated Telecommunications Services
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 4 quarters, 1.29K Cr → 1.92K Cr (in ₹), with an average increase of 12.2% per quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 7 quarters, 6.85K Cr → 7.43K Cr (in ₹), with an average increase of 1.4% per quarter
- POSITIVE IMPACT
Price Rise
In the last 6 months, INDUSTOWER stock has moved up by 71.9%
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 4.68% to 7.82% in Jun 2024 quarter
NO EFFECTAgainst Peers
In the last 3 years, Railtel Corporation of India Ltd has given 275.7% return, outperforming this stock by 197.6%
NEGATIVE IMPACTPromoter Holding Down
Promoters have decreased holdings from 69.00% to 52.01% in Jun 2024 quarter
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 52.01% | ||
| Foreign Institutions | 23.15% | 41.17 | |
| Mutual Funds | 12.7% | 93.73 | |
| Retail Investors | 7.82% | 67.18 | |
| Others | 4.32% | 28.06 |
Key Indicators
Indus Towers Ltd Valuation
Indus Towers Ltd in the last 5 years
Lowest (7.04x)
March 19, 2020
Today (17.32x)
September 10, 2024
Industry (37.17x)
September 10, 2024
Highest (26.33x)
January 29, 2018
Earnings and Dividends
Indus Towers Ltd Earnings Results
Indus Towers Ltd’s net profit jumped 42.88% since last year same period to ₹1,925.90Cr in the Q1 2024-2025. On a quarterly growth basis, Indus Towers Ltd has generated 3.93% jump in its net profits since last 3-months.
Read More about Earnings ResultsIndus Towers Ltd Dividends May,2022
In the quarter ending March 2022, Indus Towers Ltd has declared dividend of ₹11 - translating a dividend yield of 2.59%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Indus Towers Ltd is currently in a Bullish trading position according to technical analysis indicators.
Frequently Asked Questions
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Indus Towers Ltd (INDUSTOWER) share price today is ₹428
Indus Towers Ltd is listed on NSE
Indus Towers Ltd is listed on BSE
- Today’s highest price of Indus Towers Ltd is ₹436.2.
- Today’s lowest price of Indus Towers Ltd is ₹423.95.
PE Ratio of Indus Towers Ltd is 17.32
PE ratio = Indus Towers Ltd Market price per share / Indus Towers Ltd Earnings per share
Today’s traded volume of Indus Towers Ltd(INDUSTOWER) is 1.33Cr.
Today’s market capitalisation of Indus Towers Ltd(INDUSTOWER) is ₹114642.62Cr.
| Indus Towers Ltd(INDUSTOWER | Price |
|---|---|
52 Week High | ₹460.35 |
52 Week Low | ₹166.7 |
Indus Towers Ltd(INDUSTOWER) share price is ₹428. It is down -7.03% from its 52 Week High price of ₹460.35
Indus Towers Ltd(INDUSTOWER) share price is ₹428. It is up 156.75% from its 52 Week Low price of ₹166.7
| Indus Towers Ltd(INDUSTOWER | Returns |
|---|---|
1 Day Returns | 2.6% |
1 Month Returns | 2.28% |
3 Month Returns | 22.26% |
1 Year Returns | 120.99% |