INDUS TOWERS LIMITED

BSE: INDUSTOWER534816ISIN INE121J01017

Telecommunication
Telecom - Infrastructure
BSE 100

BSE listing

Share price

₹384.00+3.75 (+0.99%)

as of 18 Sep 2026

52W high: ₹481.55
52W low: ₹337.75
Off 52W high: -20.26%
1M return: +3.50%
3M return: -6.56%
6M return: -11.63%
1Y return: +8.44%
20D avg volume: 1,38,368
50 DMA: ₹385.06
200 DMA: ₹414.74

Key ratios Consolidated

Market cap: ₹1,01,305 Cr
Current price: ₹384.00
52W high / low: ₹481.55 / ₹337.75
Face value: ₹10.00
P/E: 14.16
P/B: —
EPS (TTM): ₹27.12
Book value / share: —
ROE: —
ROCE: 18.40%
Operating margin: —
Net margin: —
Debt / equity: 0.02
Net debt: ₹873.60 Cr
Interest cover: 6.07
Dividend yield: 3.65%
Dividend / share (TTM): ₹14.00
Payout: 51.62%
Cash conversion cycle: 25.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	8,431	8,101	8,146	8,188	8,058	7,727	7,547	7,465	7,383	7,193	7,199	7,132
	121.20	155.20	153.80	82.90	85.10	91.70	83.80	113.90	56.40	108.50	98.90	97.20
	6,205	5,891	5,880	5,793	5,809	5,456	2,412	4,599	4,848	4,813	5,221	5,483
	2.60	4.60	2.60	0.70	1.40	3.80	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	215.10	230.70	229.10	205.10	213.30	220.30	216.70	207.30	197.10	203.10	198.50	195.70
	485.50	468.90	487.00	462.40	396.50	359.70	254.60	417.50	408.20	126.70	10.70	246.40
	1,894	1,838	1,798	1,801	1,704	1,693	1,568	1,580	1,560	1,564	1,596	1,526
	3,608	3,349	3,363	3,324	3,493	3,179	2,853	924.80	619.20	138.30	223.00	275.70
	2,347	2,365	2,420	2,478	2,334	2,363	5,219	2,980	2,592	2,489	2,076	1,747
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	2,347	2,365	2,420	2,478	2,334	2,363	5,219	2,980	2,592	2,489	2,076	1,747
	601.60	572.40	644.40	639.10	597.00	583.90	1,216	756.60	665.90	635.80	536.00	452.00
	1,746	1,793	1,776	1,839	1,737	1,779	4,003	2,224	1,926	1,853	1,540	1,295
	6.62	6.80	6.73	6.97	6.59	6.75	15.18	8.30	7.15	6.88	5.72	4.81
Key metrics
	4,726	4,672	4,705	4,742	4,435	4,416	7,042	4,978	4,560	4,180	3,683	3,519
	56.10%	57.70%	57.80%	57.90%	55.00%	57.10%	93.30%	66.70%	61.80%	58.10%	51.20%	49.30%
	20.70%	22.10%	21.80%	22.50%	21.60%	23.00%	53.00%	29.80%	26.10%	25.80%	21.40%	18.20%
	—	4.50%	—	5.10%	—	5.10%	—	—	—	—	—	—
	4.60%	4.80%	7.90%	9.70%	9.10%	7.40%	4.80%	4.70%	—	—	—	—
	0.50%	0.80%	-55.60%	-17.30%	-9.80%	-4.00%	159.90%	71.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	32,867	32,493	30,123	28,601	28,382	27,717	13,954	6,743	6,826	6,621
	513.10	477.00	345.80	361.10	361.30	352.50	196.90	128.70	101.50	105.20
	23,768	23,372	17,315	20,839	25,491	19,639	10,261	4,465	4,392	4,474
	10.50	9.30	3.80	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	880.00	878.20	841.40	782.30	774.10	772.20	512.60	293.50	291.50	291.60
	1,904	1,893	1,440	735.40	1,454	1,497	637.20	2.00	387.70	46.50
	7,330	7,141	6,402	6,060	5,324	5,325	2,848	1,282	1,066	—
	13,644	13,451	8,628	575.40	5,899	—	—	—	134.20	103.40
	9,611	9,598	13,154	8,122	3,252	8,431	3,891	2,407	2,536	2,253
	0.00	0.00	0.00	0.00	-492.80	0.00	0.00	0.00	0.00	-26.00
	9,611	9,598	13,154	8,122	2,759	8,431	3,891	2,407	2,536	2,227
	2,458	2,453	3,222	2,086	719.30	2,058	977.90	488.80	1,059	1,036
	7,154	7,145	9,932	6,036	2,040	6,373	3,779	3,299	2,494	2,494
	27.12	27.09	37.31	22.40	7.57	23.65	17.52	17.84	13.49	—
Key metrics
	18,845	18,632	20,996	14,918	9,537	15,253	7,376	3,690	3,989	2,273
	57.34%	57.30%	69.70%	52.20%	33.60%	55.00%	52.90%	54.70%	58.40%	34.30%
	21.77%	22.00%	33.00%	21.10%	7.20%	23.00%	27.10%	48.90%	36.50%	37.70%
	—	18.40%	27.30%	—	—	—	—	—	—	—
	—	7.90%	5.30%	0.80%	2.40%	98.60%	106.90%	-1.20%	3.10%	—
	—	-28.10%	64.50%	195.90%	-68.00%	68.60%	14.60%	32.30%	0.00%	—
	—	7,058	12,861	—	—	—	—	—	—	—
	—	2.20	1.98	—	—	—	—	—	—	—
	—	0.02	0.07	—	—	—	—	—	—	—
	—	873.60	2,113	—	—	—	—	—	—	—
	—	25.8	28.3	—	—	—	—	—	—	—
Balance sheet
	—	71,316	63,170	—	—	—	—	—	—	—
	—	15,518	12,930	—	—	—	—	—	—	—
	—	47.30	149.70	—	—	—	—	—	—	—
	—	4,939	4,768	—	—	—	—	—	—	—
	—	26.80	7.60	—	—	—	—	—	—	—
	—	613.80	928.60	—	—	—	—	—	—	—
	—	49,466	44,342	—	—	—	—	—	—	—
	—	2,672	2,445	—	—	—	—	—	—	—
	—	9,003	9,787	—	—	—	—	—	—	—
	—	920.90	2,262	—	—	—	—	—	—	—
	—	920.90	2,109	—	—	—	—	—	—	—
	—	0.00	153.20	—	—	—	—	—	—	—
	—	39,646	32,498	—	—	—	—	—	—	—
Cash flow
	—	15,684	19,645	—	—	—	—	—	—	—
	—	-10,198	-10,910	—	—	—	—	—	—	—
	—	-5,588	-8,648	—	—	—	—	—	—	—
	—	8,626	6,784	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	8,431	8,101	8,146	8,188	8,058	7,727	7,547	7,465	7,383	7,193	7,199	7,132
	121.20	155.50	153.70	82.90	85.10	91.70	83.90	113.80	56.40	108.50	98.90	97.20
	6,205	5,896	5,882	5,796	5,812	5,459	2,416	4,600	4,847	4,812	5,220	5,482
	2.60	4.60	2.60	0.70	1.40	3.80	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	213.80	230.10	229.10	205.00	213.30	220.30	216.70	207.20	197.10	203.10	198.50	195.70
	485.40	468.90	487.00	462.40	396.50	359.70	254.60	417.50	408.20	126.70	10.70	246.40
	1,893	1,837	1,798	1,800	1,704	1,692	1,568	1,580	1,560	1,564	1,595	1,525
	3,611	3,356	3,366	3,328	3,497	3,183	2,849	923.20	619.10	138.10	222.70	275.70
	2,347	2,360	2,418	2,475	2,331	2,360	5,216	2,979	2,592	2,489	2,077	1,747
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	2,347	2,360	2,418	2,475	2,331	2,360	5,216	2,979	2,592	2,489	2,077	1,747
	601.60	570.70	643.80	638.20	596.20	583.00	1,219	756.60	665.90	635.80	536.00	452.00
	1,745	1,789	1,774	1,837	1,734	1,776	3,997	2,222	1,926	1,853	1,541	1,295
	6.62	6.78	6.73	6.96	6.57	6.73	15.15	8.30	7.15	6.88	5.72	4.81
Key metrics
	4,725	4,666	4,703	4,737	4,431	4,412	7,038	4,976	4,560	4,180	3,683	3,519
	56.00%	57.60%	57.70%	57.90%	55.00%	57.10%	93.30%	66.70%	61.80%	58.10%	51.20%	49.30%
	20.70%	22.10%	21.80%	22.40%	21.50%	23.00%	53.00%	29.80%	26.10%	25.80%	21.40%	18.20%
	—	4.50%	—	5.10%	—	5.10%	—	—	—	—	—	—
	4.60%	4.80%	7.90%	9.70%	9.10%	7.40%	4.80%	4.70%	—	—	—	—
	0.60%	0.70%	-55.60%	-17.40%	-10.00%	-4.10%	159.30%	71.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	32,867	32,493	30,123	28,601	28,382	27,708	13,951	6,738	6,822	6,618
	513.30	477.20	345.80	361.10	361.20	352.50	616.80	128.70	1,228	1,106
	23,780	23,387	17,322	20,834	25,488	19,636	10,252	4,455	4,384	4,471
	10.50	9.30	3.80	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	878.00	877.50	841.30	782.30	774.10	772.20	512.60	293.50	291.50	291.60
	1,904	1,893	1,440	735.40	1,454	1,496	635.90	3.70	387.70	46.50
	7,328	7,139	6,400	6,056	5,322	5,320	2,843	1,277	1,064	1,180
	13,660	13,468	8,637	574.90	5,899	—	—	211.10	131.70	103.00
	9,600	9,584	13,147	8,127	3,255	8,424	4,316	2,412	3,665	3,253
	0.00	0.00	0.00	—	-492.80	—	—	—	—	-26.00
	9,600	9,584	13,147	8,127	2,762	8,424	4,316	2,412	3,665	3,227
	2,454	2,449	3,224	2,086	718.70	2,057	977.80	665.60	886.10	813.10
	7,146	7,135	9,922	6,041	2,043	6,367	3,338	1,747	2,779	2,414
	27.09	27.04	37.27	22.42	7.58	23.63	15.47	9.44	15.03	—
Key metrics
	18,832	18,616	20,987	14,918	9,537	15,241	7,795	3,693	5,116	4,453
	57.30%	57.30%	69.70%	52.20%	33.60%	55.00%	55.90%	54.80%	75.00%	67.30%
	21.74%	22.00%	32.90%	21.10%	7.20%	23.00%	23.90%	25.90%	40.70%	36.50%
	—	18.40%	27.30%	—	—	—	—	—	—	—
	—	7.90%	5.30%	0.80%	2.40%	98.60%	107.00%	-1.20%	3.10%	—
	—	-28.10%	64.20%	195.60%	-67.90%	90.70%	91.10%	-37.20%	15.10%	—
	—	7,046	12,854	—	—	—	—	—	—	—
	—	2.20	1.98	—	—	—	—	—	—	—
	—	0.02	0.07	—	—	—	—	—	—	—
	—	898.70	2,113	—	—	—	—	—	—	—
	—	25.7	28.3	—	—	—	—	—	—	—
Balance sheet
	—	71,354	63,210	—	—	—	—	—	—	—
	—	15,546	12,957	—	—	—	—	—	—	—
	—	22.20	149.00	—	—	—	—	—	—	—
	—	4,939	4,768	—	—	—	—	—	—	—
	—	26.80	7.60	—	—	—	—	—	—	—
	—	648.20	956.80	—	—	—	—	—	—	—
	—	49,463	44,337	—	—	—	—	—	—	—
	—	2,678	2,446	—	—	—	—	—	—	—
	—	9,007	9,788	—	—	—	—	—	—	—
	—	920.90	2,262	—	—	—	—	—	—	—
	—	920.90	2,109	—	—	—	—	—	—	—
	—	0.00	153.20	—	—	—	—	—	—	—
	—	39,679	32,537	—	—	—	—	—	—	—
Cash flow
	—	15,665	19,638	—	—	—	—	—	—	—
	—	-10,237	-10,925	—	—	—	—	—	—	—
	—	-5,554	-8,622	—	—	—	—	—	—	—
	—	8,619	6,784	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +4.61%
Sales CAGR 5Y: +18.42%
Sales CAGR 10Y: —
Profit CAGR 3Y: +51.71%
Profit CAGR 5Y: +16.41%
Profit CAGR 10Y: —
Sales YoY (TTM): +6.72%
Profit YoY (TTM): -26.56%

Consolidated

Sales CAGR 3Y: +4.61%
Sales CAGR 5Y: +18.42%
Sales CAGR 10Y: —
Profit CAGR 3Y: +51.86%
Profit CAGR 5Y: +13.59%
Profit CAGR 10Y: —
Sales YoY (TTM): +6.72%
Profit YoY (TTM): -26.57%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 51.26%

Holder	Type	Holding	Previous	Change
BHARTI AIRTEL LIMITED	Promoter	51.26%	—	—
MAGNUM HYBRID LONG SHORT FUND	Public	4.20%	—	—
KOTAK INFRASTRUCTURE & ECONOMIC REFORM FUND	Public	3.13%	—	—
LIFE INSURANCE CORPORATION OF INDIA	Public	1.61%	—	—
DSP REGULAR SAVINGS FUND	Public	1.29%	—	—
LAZARD EMERGING MARKETS EQUITY PORTFOLIO	Public	1.20%	—	—
TATA NIFTY500 MULTICAP INFRASTRUCTURE 50:30:20 IND	Public	1.11%	—	—
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ETF	Public	1.06%	—	—
Airtel Mobile Commerce Uganda Limited	Promoter Group	0.00%	—	—
Airtel Mobile Commerce Kenya B.V.	Promoter Group	0.00%	—	—
Lavelle Network Private Limited	Promoter Group	0.00%	—	—
Airtel (Seychelles) Telesonic Limited	Promoter Group	0.00%	—	—
Bharti Airtel Zambia Holdings B.V.	Promoter Group	0.00%	—	—
Montana International	Promoter Group	0.00%	—	—
Airtel Telesonic Uganda Limited	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Indus Towers Limited has informed the Exchange regarding ESG Rating18 Sep 2026 · Company Update / Credit Rating
Indus Towers Limited has informed the Exchange regarding Schedule of Analyst/ Institutional Investors' Meeting10 Sep 2026 · Company Update / Analyst / Investor Meet
Indus Towers Limited has informed the Exchange regarding schedule of Analyst/ Institutional Investors' Meeting3 Sep 2026 · Company Update / Analyst / Investor Meet
Indus Towers Limited has informed the Exchange regarding ESG Ratings1 Sep 2026 · Company Update / General
Indus Towers Limited has informed the Exchange regarding Voting Results and Scrutinizer Report pertaining to 20th Annual General Meeting21 Aug 2026 · AGM/EGM / AGM
Indus Towers Limited has informed the Exchange regarding proceedings of 20th Annual General Meeting19 Aug 2026 · AGM/EGM / AGM
Indus Towers Limited has informed the Exchange regarding schedule of Analyst/ Institutional Investors'' Meeting10 Aug 2026 · Company Update / Analyst / Investor Meet
Indus Towers Limited has informed the Exchange regarding Transcripts of the Earnings Call on the Company''s performance for the first quarter (Q1) ended June 30, 20263 Aug 2026 · Company Update / Earnings Call Transcript
Indus Towers Limited has informed the Exchange regarding Appointment of Mr. Randeep Singh Sekhon as a Director of the Company31 Jul 2026 · Company Update / Change in Directorate
Indus Towers Limited has submitted the Exchange a copy of Scrutinizer''s Report of Postal Ballot.31 Jul 2026 · AGM/EGM / Postal Ballot
Indus Towers Limited has submitted the Exchange Outcome of Postal Ballot31 Jul 2026 · AGM/EGM / Postal Ballot
Indus Towers Limited has informed the Exchange regarding Newspaper Advertisements pertaining to 20th AGM of the Company29 Jul 2026 · Company Update / Newspaper Publication
Indus Towers Limited has informed the Exchange regarding Record Date for payment of final dividend on equity shares for the financial year 2025-2628 Jul 2026 · Corp. Action / Record Date
Indus Towers Limited has informed the Exchange regarding Business Responsibility and Sustainability Report for the financial year 2025-2628 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Indus Towers Limited has informed the Exchange regarding Integrated Annual Report for the financial year 2025-2628 Jul 2026 · Others / Reg. 34 (1) Annual Report
Indus Towers Limited has informed the Exchange regarding Notice of 20th Annual General Meeting28 Jul 2026 · AGM/EGM / AGM
Indus Towers Limited has informed the Exchange regarding the link of Audio Recording of the Earnings Call on the Company''s performance for the first quarter (Q1) ended June 30, 202628 Jul 2026 · Company Update / Analyst / Investor Meet
Indus Towers Limited has informed the Exchange regarding Newspaper Advertisements pertaining to 20th AGM of the Company27 Jul 2026 · Company Update / Newspaper Publication
Indus Towers Limited has informed the Exchange regarding grant of stock options27 Jul 2026 · Company Update / Allotment of ESOP / ESPS
Indus Towers Limited has informed the Exchange regarding Quarterly Report for the first quarter (Q1) ended June 30, 2026.27 Jul 2026 · Company Update / General
Indus Towers Limited has informed the Exchange regarding press release date July 27, 2026 titled " Press Release w.r.t. audited financial results for the first quarter (Q1) ended June 30, 2026".27 Jul 2026 · Company Update / Press Release / Media Release
Indus Towers Limited has informed the Exchange regarding Financial Results for the First Quarter (Q1) ended June 30, 2026.27 Jul 2026 · Result / Financial Results
Indus Towers Limited has informed the Exchange regarding Audited Financial Results for the First Quarter (Q1) ended June 30, 2026.27 Jul 2026 · Board Meeting / Outcome of Board Meeting
Indus Towers Limited has informed the Exchange regarding Summary of Events pertaining to the Earnings Call on the Company's performance for the first quarter (Q1) ended June 30, 202620 Jul 2026 · Company Update / Analyst / Investor Meet
Indus Towers Limited has informed the Exchange regarding an Update on Credit Rating18 Jul 2026 · Company Update / Credit Rating
Indus Towers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/07/2026 ,inter alia, to consider and approve the Audited Financial Results ....16 Jul 2026 · Board Meeting / Board Meeting
Please find enclosed Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 201814 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Indus Towers Limited has informed the Exchange regarding Appointment of Mr. Abhishek Maheshwari as Chief Financial Officer of the Company10 Jul 2026 · Company Update / Change in Management
Indus Towers Limited has informed the Exchange regarding Newspaper advertisement pertaining to Notice of Postal Ballot/ E-voting30 Jun 2026 · Company Update / Newspaper Publication
Clarification on Volume Movement Letter30 Jun 2026 · Company Update / General
The Exchange has sought clarification from Indus Towers Ltd on June 30, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.30 Jun 2026 · Company Update / Clarification
Indus Towers Limited has informed the Exchange regarding Notice of Postal Ballot/ E-voting29 Jun 2026 · AGM/EGM / Postal Ballot
Indus Towers Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201524 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Indus Towers Limited has informed the Exchange regarding Newspaper Publication of Notice for transferring Equity Shares of the Company to the Demat Account of Investor Education and Protection ....9 Jun 2026 · Company Update / Newspaper Publication
Please find enclosed the Annual Secretarial Compliance Report for the financial year ended March 31, 202630 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Indus Towers Limited has informed the Exchange regarding schedule of Analyst/ Institutional Investors'' Meeting.25 May 2026 · Company Update / Analyst / Investor Meet
Indus Towers Limited has informed the Exchange regarding schedule of Analyst/ Institutional Investors'' Meeting.25 May 2026 · Company Update / Analyst / Investor Meet
Indus Towers Limited has informed the Exchange regarding Resignation of Chief Financial Officer of the Company22 May 2026 · Company Update / Resignation of Chief Financial Officer (CFO)
Indus Towers Limited has informed the Exchange regarding Transcripts of the Earnings Call on the Company''s performance for the fourth quarter (Q4) and financial year ended March 31, 20268 May 2026 · Company Update / Earnings Call Transcript
Indus Towers Limited has informed the Exchange regarding Audio Recording of the Earnings Call on the Company's performance for the fourth quarter (Q4) and financial year ended March 31, 20261 May 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Dividend - Rs. - 14.0000	10 Aug 2026	10 Aug 2026	—
Buy Back of Shares	9 Aug 2024	9 Aug 2024	—

Board meetings

27 Jul 2026 Board Meeting - Financial Results