NSE INDUSTOWER · BSE 534816 · Construction Services · NIFTY 500
Indus Towers Share Price
Indus Towers Overview
Where the price stands, how it has moved and how it sits against its averages.
Indus Towers shares last traded at ₹377.90 on the NSE, down 2.11% on the day. That is 21.5% below the 52-week high of ₹481.55 and 11.9% above the 52-week low of ₹337.75. The stock trades at 14.44× earnings, below the sector average of 15.79. Its market value is ₹99,551 Cr.
Price returns
Against the market: 1 Month ▲ +5.48% · 3 Months ▼ −0.67% · 6 Months ▼ −9.53% · This year ▲ +4.65% · 1 Year ▲ +17.57%
Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.
Moving averages — price is above 1 of 6
- 300-day average₹414.63 ▼ price 8.9% below
- 100-day average₹398.67 ▼ price 5.2% below
- 50-day average₹384.53 ▼ price 1.7% below
- 20-day average₹378.60 ▼ price 0.2% below
- 5-day average₹378.52 ▼ price 0.2% below
- Today's price₹377.90
- 10-day average₹377.84 ▲ price 0.0% above
Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.
Indus Towers Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹32,493 Cr | ▲ +7.9% | ₹7,145 Cr | 22.0% | ₹27.09 | ₹14.00 |
| FY 2025 | ₹30,123 Cr | ▲ +5.3% | ₹9,932 Cr | 33.0% | ₹37.31 | ₹0.00 |
| FY 2024 | ₹28,601 Cr | ▲ +0.8% | ₹6,036 Cr | 21.1% | ₹22.40 | ₹14.00 |
| FY 2023 | ₹28,382 Cr | ▲ +2.4% | ₹2,040 Cr | 7.2% | ₹7.57 | ₹0.00 |
| FY 2022 | ₹27,717 Cr | ▲ +98.6% | ₹6,373 Cr | 23.0% | ₹23.65 | ₹11.00 |
| FY 2021 | ₹13,954 Cr | ▲ +106.9% | ₹3,779 Cr | 27.1% | ₹17.52 | ₹0.00 |
| FY 2020 | ₹6,743 Cr | — | ₹3,299 Cr | 48.9% | ₹17.84 | ₹12.80 |
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹8,431 Cr | ▲ +4.1% | ₹1,746 Cr | 20.7% | ₹6.62 |
| Q4 FY26 | ₹8,101 Cr | ▼ −0.6% | ₹1,793 Cr | 22.1% | ₹6.80 |
| Q3 FY26 | ₹8,146 Cr | ▼ −0.5% | ₹1,776 Cr | 21.8% | ₹6.73 |
| Q2 FY26 | ₹8,188 Cr | ▲ +1.6% | ₹1,839 Cr | 22.5% | ₹6.97 |
| Q1 FY26 | ₹8,058 Cr | ▲ +4.3% | ₹1,737 Cr | 21.6% | ₹6.59 |
| Q4 FY25 | ₹7,727 Cr | ▲ +2.4% | ₹1,779 Cr | 23.0% | ₹6.75 |
| Q3 FY25 | ₹7,547 Cr | ▲ +1.1% | ₹4,003 Cr | 53.0% | ₹15.17 |
| Q2 FY25 | ₹7,465 Cr | — | ₹2,224 Cr | 29.8% | ₹8.30 |
Balance sheet — FY26
- Total assets₹71,316 Cr
- Total liabilities₹31,671 Cr
- Shareholders' equity₹39,646 Cr
- Total debt₹21,127 Cr
- Cash & investments₹5,853 Cr
- Current ratio1.72×
- Revenue growth, 5 yr18.42% a year
- EPS growth, 5 yr9.11% a year
- Operating margin (TTM)32.29%
- Net margin (TTM)21.77%
Cash flow — FY26
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 6,743.00 | 13,954.30 | 27,717.20 | 28,381.80 | 28,600.60 | 30,122.80 | 32,493.10 |
| Cost of revenue | 2,367.20 | 5,153.60 | 10,265.80 | 10,590.80 | 11,149.90 | 11,448.80 | 12,004.90 |
| Gross profit | 4,375.80 | 8,800.70 | 17,451.40 | 17,791.00 | 17,450.70 | 18,674.00 | 20,488.20 |
| Operating expenses | 4,466.70 | 9,623.40 | 18,141.70 | 24,529.90 | 20,103.90 | 15,874.90 | 21,820.70 |
| Operating income | 2,276.30 | 4,330.90 | 9,575.50 | 3,851.90 | 8,496.70 | 14,247.90 | 10,672.40 |
| Depreciation | 1,321.70 | 2,991.30 | 5,422.20 | 5,441.00 | 6,160.00 | 6,489.90 | 7,220.30 |
| Profit before tax | 3,787.50 | 4,756.90 | 8,430.70 | 2,759.30 | 8,122.40 | 13,153.70 | 9,597.80 |
| Tax | 488.80 | 977.90 | 2,057.60 | 719.30 | 2,086.20 | 3,222.00 | 2,452.90 |
| Net profit | 3,298.70 | 3,779.00 | 6,373.10 | 2,040.00 | 6,036.20 | 9,931.70 | 7,144.90 |
| EPS (₹) | 17.84 | 17.52 | 23.65 | 7.57 | 22.40 | 37.31 | 27.09 |
| Dividend per share (₹) | 12.80 | 0.00 | 11.00 | 0.00 | 14.00 | 0.00 | 14.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 19,753.90 | 44,943.70 | 47,967.60 | 46,572.40 | 55,867.60 | 63,170.20 | 71,316.10 |
| Current assets | 4,951.30 | 9,629.80 | 12,311.30 | 8,707.60 | 10,490.00 | 12,929.80 | 15,518.40 |
| Cash & short-term investments | 3,885.10 | 2,285.90 | 2,632.30 | 298.00 | 63.10 | 3,135.80 | 5,852.50 |
| Inventory | 183.90 | 283.90 | 111.20 | 100.80 | 186.30 | 277.80 | 308.70 |
| Property, plant & equipment | 6,756.60 | 32,066.50 | 31,969.60 | 32,715.10 | 39,708.90 | 44,909.10 | 50,096.00 |
| Total liabilities | 6,211.60 | 29,066.70 | 25,817.10 | 25,462.90 | 28,828.80 | 30,671.90 | 31,670.50 |
| Current liabilities | 3,826.30 | 13,950.60 | 8,826.90 | 8,162.80 | 10,156.50 | 9,786.80 | 9,003.00 |
| Total debt | 4,627.20 | 21,576.00 | 19,726.00 | 19,184.90 | 20,531.00 | 21,155.80 | 21,126.90 |
| Total equity | 13,542.30 | 15,877.00 | 22,150.50 | 21,109.50 | 27,038.80 | 32,498.30 | 39,645.60 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 2,315.10 | 7,481.30 | 9,121.20 | 7,904.80 | 11,582.10 | 19,645.00 | 15,684.00 |
| From investing | −1,012.20 | 1,797.70 | −2,173.70 | −1,730.00 | −7,545.80 | −10,910.50 | −10,198.30 |
| From financing | −1,185.40 | −9,376.80 | −5,981.60 | −7,132.60 | −3,995.60 | −8,647.90 | −5,588.10 |
| Capital expenditure | −829.80 | −2,118.40 | −3,285.10 | −3,622.60 | −8,952.90 | −6,784.00 | −8,625.80 |
| Dividends paid | −2,570.10 | −5,985.40 | 0.00 | −2,963.80 | 0.00 | — | — |
| Net change in cash | 117.50 | −97.80 | 965.90 | −957.80 | 40.70 | 86.60 | −102.40 |
What Analysts Say
Recommendations from 23 analysts who cover Indus Towers.
▲ 11 bullish (47.8%) · 5 hold (21.7%) · ▼ 7 bearish (30.4%)
Votes
How the votes changed
| Rating | 3M ago | 2M ago | 1M ago | 1W ago | Now | 3-month change |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 7 | 7 | 7 | ▲ +1 |
| Buy | 5 | 5 | 4 | 4 | 4 | ▼ −1 |
| Hold | 4 | 4 | 5 | 5 | 5 | ▲ +1 |
| Sell | 7 | 7 | 6 | 6 | 6 | ▼ −1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | — |
Analyst ratings are opinions, not a guarantee of returns.
Indus Towers vs Peers
Side by side with other construction services companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield | Rating |
|---|---|---|---|---|---|---|---|---|---|
| Indus Towers | ₹377.90 | ▼ −2.11% | ₹99,551 Cr | 14.44 | 2.56 | 24.15% | 21.77% | 3.64% | This stock |
| DLF | ₹671.80 | ▼ −0.33% | ₹1,66,291 Cr | 39.03 | 3.64 | 7.66% | 32.00% | 1.20% | Bullish |
| Lodha Developers | ₹1,158.50 | ▼ −0.43% | ₹1,15,773 Cr | 33.73 | 5.10 | 12.35% | 20.57% | 0.36% | Bullish |
| Oberoi Realty | ₹1,845.35 | ▲ +0.60% | ₹67,254 Cr | 27.28 | 3.84 | 14.60% | 41.59% | 0.42% | Bullish |
| Godrej Properties | ₹1,667.50 | ▼ −2.27% | ₹50,230 Cr | 165.98 | 3.31 | 8.31% | 35.87% | 0.48% | Bearish |
| Rail Vikas Nigam | ₹206.45 | ▼ −2.43% | ₹43,045 Cr | 53.68 | 4.79 | 15.56% | 4.27% | 0.63% | Moderately Bearish |
Rating = the data provider's overall technical view of each peer. Company names link to their own pages.
Indus Towers Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
Valuation Is the price reasonable?
Profitability Of every ₹100 of sales, how much is kept?
Returns & efficiency How well does it use its money?
Growth Is the business getting bigger?
Financial strength Can it pay its bills and debts?
Per share What each share stands for
The share price is 2.51× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 127 metrics from the data provider
Valuation
Per share
Margins
Growth
Financial strength
Returns & efficiency
Price & volume
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
- Dividend yield3.64%
- Payout ratio51.69%
- 5-year average dividend₹7.80 a share
- Latest dividend₹14.00 per share · 10 Aug 2026
Corporate calendar
- MeetingAnnual General Meeting
- Dividend₹14.00 per share · 140% · Final dividend
- MeetingPostal Ballot
- BoardQuarterly Results
- BoardAudited Results
- BoardQuarterly Results
- MeetingPostal Ballot
- BoardQuarterly Results
Show 9 older events
- MeetingAnnual General Meeting
- BoardQuarterly Results
- BoardAudited Results, Div, Bonus & Buy Back
- MeetingPostal Ballot
- BoardQuarterly Results
- MeetingPostal Ballot
- BoardQuarterly Results
- Dividend₹11.00 per share · 110% · Interim dividend
- Dividend₹17.82 per share · 178% · Interim dividend
About Indus Towers
Construction Services
Indus Towers Limited is an India-based telecommunications (telecom) infrastructure provider. The Company deploys, owns, and manages telecom towers and communication structures. Its offerings include tower, power, space; smart cities; tower operations centers (TOC), and green technology. It deploys the passive physical infrastructure necessary to house the active equipment - the base transceiver station, transmission link, and microwave antenna. Its towers range from the traditional lattice type structure, such as the ground-based tower and rooftop tower or pole, to lightweight hybrid poles, monopoles or camouflaged towers that merge with the backdrop. Its towers are powered by either grid-sourced electricity or diesel generators. It acquires the requisite space from residential and commercial property owners for placing its passive infrastructure at various locations. It owns and operates approximately 219,736 towers with 368,588 co-locations.
Key people
- Prachur SahChief Executive Officer, Managing Director, Executive Director
- Abhishek MaheshwariChief Financial Officer
- Vikas PoddarChief Financial Officer
- Neeti WahiChief Digital and Information Technology Officer
- Samridhi RodheCompany Secretary, Compliance Officer
Company facts
- NSE symbolINDUSTOWER
- BSE code534816
- ISININE121J01017
- IndustryConstruction Services
- IndexNIFTY 500
- Market cap₹99,551 Cr
- Revenue (FY26)₹32,493 Cr
- Net profit (FY26)₹7,145 Cr
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