Indus Towers Ltd

Indus Towers Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indus Towers Ltd

₹ 358 0.32%
05 Feb - close price
industowers.com BSE: 534816 NSE: INDUSTOWER
About

Indus Towers Limited is engaged in the business of object of, inter-alia, setting up, operating and maintaining wireless communication towers.[1]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 96,492 Cr.
  • Current Price ₹ 358
  • High / Low ₹ 461 / 206
  • Stock P/E 9.65
  • Book Value ₹ 105
  • Dividend Yield 0.00 %
  • ROCE 22.1 %
  • ROE 24.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 18.3% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -3.00%

* 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 Nifty500 Multicap Infrastructure 50:30:20 BSE Dollex 200 Nifty 500 BSE 150 MidCap Index Nifty Midcap Liquid 15

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
6,926 7,112 6,897 7,967 6,765 6,753 7,076 7,132 7,199 7,193 7,383 7,465 7,547
3,222 3,053 4,635 5,155 5,602 3,321 3,596 3,711 3,615 3,122 2,879 2,603 593
Operating Profit 3,704 4,058 2,262 2,812 1,163 3,432 3,480 3,422 3,584 4,071 4,504 4,862 6,954
OPM % 53% 57% 33% 35% 17% 51% 49% 48% 50% 57% 61% 65% 92%
94 109 92 63 -403 116 56 97 99 108 56 114 84
Interest 384 382 372 392 354 336 352 246 11 127 408 418 255
Depreciation 1,323 1,364 1,339 1,306 1,357 1,320 1,372 1,525 1,595 1,564 1,560 1,580 1,568
Profit before tax 2,091 2,420 644 1,176 -952 1,893 1,813 1,747 2,077 2,489 2,592 2,979 5,216
Tax % 25% 25% 26% 26% -26% 26% 26% 26% 26% 26% 26% 25% 23%
1,573 1,818 479 873 -708 1,399 1,351 1,295 1,541 1,853 1,926 2,222 3,997
EPS in Rs 5.84 6.75 1.78 3.24 -2.63 5.19 5.01 4.81 5.72 6.88 7.15 8.25 14.83
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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 29,589
2,709 2,922 2,995 3,070 3,260 3,462 3,708 3,181 6,773 12,820 18,713 14,044 9,197
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 20,392
OPM % 39% 42% 44% 45% 46% 48% 46% 53% 51% 54% 34% 51% 69%
680 530 1,995 572 1,716 1,297 1,668 466 816 458 85 1,490 363
Interest 1 9 -6 33 39 46 53 333 835 1,602 1,670 1,864 1,207
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 6,272
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 13,276
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 9,999
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 37.11
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
10 Years: 19%
5 Years: 18%
3 Years: 22%
TTM: 79%
Stock Price CAGR
10 Years: 0%
5 Years: 8%
3 Years: 12%
1 Year: 59%
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%

Shareholding Pattern

Numbers in percentages

25 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
67.49% 68.81% 68.99% 68.99% 68.99% 68.99% 68.99% 68.99% 68.99% 52.01% 53.01% 50.00%
28.23% 26.62% 26.50% 26.60% 26.62% 23.94% 21.41% 20.71% 16.40% 23.15% 24.19% 26.15%
2.93% 2.96% 2.92% 2.87% 2.47% 4.51% 6.69% 7.08% 9.90% 16.97% 16.99% 17.79%
1.33% 1.59% 1.57% 1.50% 1.89% 2.53% 2.90% 3.18% 4.68% 7.82% 5.81% 6.01%
0.02% 0.02% 0.02% 0.01% 0.03% 0.02% 0.01% 0.04% 0.04% 0.03% 0.01% 0.04%
No. of Shareholders 1,97,7822,07,6072,33,2762,30,2422,58,9972,71,6792,64,6742,67,1083,10,6944,06,6894,25,8764,41,036

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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