Indus Towers Ltd
Indus Towers Limited is engaged in the business of object of, inter-alia, setting up, operating and maintaining wireless communication towers.[1]
- Market Cap ₹ 90,280 Cr.
- Current Price ₹ 335
- High / Low ₹ 461 / 182
- Stock P/E 12.0
- Book Value ₹ 105
- Dividend Yield 0.00 %
- ROCE 22.1 %
- ROE 24.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 18.3% CAGR over last 5 years
- Promoter holding has increased by 0.99% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -16.8%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Telecomm Equipment & Infra Services Industry: Transmisson Line Towers / Equipment
Part of BSE LargeCap BSE Dollex 200 BSE Teck Nifty Infrastructure BSE 250 LargeMidCap Index
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4,460 | 4,999 | 5,389 | 5,558 | 6,085 | 6,618 | 6,822 | 6,738 | 13,951 | 27,708 | 28,382 | 28,601 | 29,240 | |
2,709 | 2,922 | 2,995 | 3,070 | 3,260 | 3,462 | 3,708 | 3,181 | 6,773 | 12,820 | 18,713 | 14,044 | 12,218 | |
Operating Profit | 1,751 | 2,077 | 2,394 | 2,488 | 2,825 | 3,156 | 3,114 | 3,557 | 7,178 | 14,888 | 9,669 | 14,557 | 17,022 |
OPM % | 39% | 42% | 44% | 45% | 46% | 48% | 46% | 53% | 51% | 54% | 34% | 51% | 58% |
680 | 530 | 1,995 | 572 | 1,716 | 1,297 | 1,668 | 466 | 816 | 458 | 85 | 1,490 | 378 | |
Interest | 1 | 9 | -6 | 33 | 39 | 46 | 53 | 333 | 835 | 1,602 | 1,670 | 1,864 | 963 |
Depreciation | 1,109 | 1,101 | 1,122 | 1,155 | 1,166 | 1,180 | 1,064 | 1,277 | 2,843 | 5,320 | 5,322 | 6,056 | 6,299 |
Profit before tax | 1,322 | 1,497 | 3,274 | 1,872 | 3,336 | 3,227 | 3,665 | 2,412 | 4,316 | 8,424 | 2,762 | 8,127 | 10,138 |
Tax % | 24% | 27% | 17% | 29% | 19% | 25% | 24% | 28% | 23% | 24% | 26% | 26% | |
1,010 | 1,090 | 2,725 | 1,327 | 2,705 | 2,414 | 2,779 | 1,747 | 3,338 | 6,367 | 2,043 | 6,041 | 7,544 | |
EPS in Rs | 5.35 | 5.77 | 14.39 | 7.00 | 14.62 | 13.05 | 15.02 | 9.44 | 12.39 | 23.63 | 7.58 | 22.42 | 28.00 |
Dividend Payout % | 103% | 76% | 76% | 43% | 109% | 107% | 100% | 111% | 162% | 47% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 33% |
3 Years: | 27% |
TTM: | 5% |
Compounded Profit Growth | |
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10 Years: | 19% |
5 Years: | 18% |
3 Years: | 22% |
TTM: | 109% |
Stock Price CAGR | |
---|---|
10 Years: | 0% |
5 Years: | 6% |
3 Years: | 10% |
1 Year: | 80% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 20% |
3 Years: | 22% |
Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1,889 | 1,889 | 1,894 | 1,897 | 1,850 | 1,850 | 1,850 | 1,850 | 2,695 | 2,695 | 2,695 | 2,695 | 2,638 |
Reserves | 15,784 | 15,859 | 16,070 | 17,033 | 14,388 | 15,876 | 13,815 | 12,031 | 13,202 | 19,481 | 18,440 | 24,379 | 25,784 |
0 | 0 | 0 | 0 | 278 | 0 | 6 | 4,608 | 21,560 | 19,726 | 19,185 | 20,531 | 21,358 | |
4,221 | 4,600 | 4,258 | 2,252 | 4,947 | 2,479 | 2,414 | 1,583 | 7,490 | 6,087 | 6,276 | 8,296 | 8,614 | |
Total Liabilities | 21,894 | 22,348 | 22,222 | 21,182 | 21,463 | 20,204 | 18,084 | 20,072 | 44,947 | 47,988 | 46,595 | 55,901 | 58,393 |
7,112 | 6,686 | 6,470 | 6,063 | 5,791 | 5,589 | 5,325 | 6,679 | 31,770 | 31,814 | 32,373 | 39,294 | 41,698 | |
CWIP | 77 | 52 | 68 | 70 | 58 | 100 | 104 | 53 | 271 | 177 | 354 | 422 | 389 |
Investments | 9,694 | 13,043 | 11,924 | 10,486 | 11,666 | 12,830 | 10,842 | 11,492 | 2,286 | 1,667 | 291 | 23 | 288 |
5,011 | 2,568 | 3,759 | 4,562 | 3,947 | 1,685 | 1,813 | 1,847 | 10,619 | 14,330 | 13,577 | 16,163 | 16,019 | |
Total Assets | 21,894 | 22,348 | 22,222 | 21,182 | 21,463 | 20,204 | 18,084 | 20,072 | 44,947 | 47,988 | 46,595 | 55,901 | 58,393 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,243 | 1,816 | 1,721 | 1,980 | 1,915 | 2,471 | 2,042 | 2,305 | 7,477 | 9,112 | 7,907 | 11,583 | |
-4,831 | -1,114 | 1,076 | 1,476 | 718 | -855 | 2,718 | -1,009 | 1,804 | -2,182 | -1,739 | -7,564 | |
2,648 | -658 | -2,838 | -1,453 | -2,671 | -3,556 | -4,796 | -1,179 | -9,381 | -5,964 | -7,126 | -3,983 | |
Net Cash Flow | 59 | 44 | -41 | 2,003 | -38 | -1,940 | -36 | 117 | -99 | 967 | -958 | 36 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 17 | 20 | 23 | 13 | 18 | 15 | 29 | 20 | 100 | 93 | 63 | 82 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 17 | 20 | 23 | 13 | 18 | 15 | 29 | 20 | 100 | 93 | 63 | 82 |
Working Capital Days | 14 | -127 | -137 | -39 | -178 | -39 | -23 | -4 | 59 | 81 | 59 | 70 |
ROCE % | 8% | 8% | 17% | 8% | 16% | 20% | 20% | 14% | 18% | 25% | 11% | 22% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Indus Towers Limited has informed about newspaper advertisement regarding Notice of Postal Ballot/ E-voting.
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
2d - Notice of Postal Ballot and E-voting for resolutions.
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
2d - Vodafone Shareholders divested stake; SHA amended.
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Announcement under Regulation 30 (LODR)-Change in Directorate
2d - Appointment of two Non-Executive Directors and resignation of one.
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
2d - Vodafone Shareholders divested stake; SHA amended.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Concalls
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Oct 2024TranscriptPPT
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Business Overview
Indus Towers is a provider of tower and related infrastructure sharing services. It is one of the largest telecom tower companies in India based on the number of towers and co-locations operated by the Company. It provides access to its towers, primarily to wireless telecommunication service providers, on a shared basis under long-term contracts. [1]