NSE INDUSTOWER · BSE 534816 · Construction Services · NIFTY 500

Indus Towers Share Price

Market closed · updated 25 Sep, 4:40 PM IST
₹377.90 ▼ −₹8.15 · 2.11% NSE · as of 24 Sep 2026, 8:30 AM · BSE ₹377.35
Today's range
₹376.75Low₹384.70High
52-week range
₹337.75Low · 14 Oct 2025₹481.55High · 19 Feb 2026

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

1 Day▼ −2.11%
5 Days▲ +2.45%
This month▼ −1.03%
3 Months▼ −3.46%
6 Months▼ −10.06%
This year▼ −8.11%
1 Year▲ +7.16%

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

  1. 300-day average₹414.63 ▼ price 8.9% below
  2. 100-day average₹398.67 ▼ price 5.2% below
  3. 50-day average₹384.53 ▼ price 1.7% below
  4. 20-day average₹378.60 ▼ price 0.2% below
  5. 5-day average₹378.52 ▼ price 0.2% below
  6. Today's price₹377.90
  7. 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.

Revenue₹ crore
32,493
Net profit₹ crore · losses below zero
9,932
7,145

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
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

Balance sheet — FY26

Owes (liabilities)Shareholders' equity
44%
56%
  • 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

Operating activities
▲ ₹15,684 Cr
Investing activities
▼ −₹10,198 Cr
Financing activities
▼ −₹5,588 Cr
Free cash flow
▲ ₹7,058 Cr
Net change in cash
▼ −₹102 Cr

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
₹ croreFY20FY21FY22FY23FY24FY25FY26
Total revenue6,743.0013,954.3027,717.2028,381.8028,600.6030,122.8032,493.10
Cost of revenue2,367.205,153.6010,265.8010,590.8011,149.9011,448.8012,004.90
Gross profit4,375.808,800.7017,451.4017,791.0017,450.7018,674.0020,488.20
Operating expenses4,466.709,623.4018,141.7024,529.9020,103.9015,874.9021,820.70
Operating income2,276.304,330.909,575.503,851.908,496.7014,247.9010,672.40
Depreciation1,321.702,991.305,422.205,441.006,160.006,489.907,220.30
Profit before tax3,787.504,756.908,430.702,759.308,122.4013,153.709,597.80
Tax488.80977.902,057.60719.302,086.203,222.002,452.90
Net profit3,298.703,779.006,373.102,040.006,036.209,931.707,144.90
EPS (₹)17.8417.5223.657.5722.4037.3127.09
Dividend per share (₹)12.800.0011.000.0014.000.0014.00

What Analysts Say

23 analysts

Recommendations from 23 analysts who cover Indus Towers.

Buy average rating 2.57 on a 1–5 scale

▲ 11 bullish (47.8%) · 5 hold (21.7%) · ▼ 7 bearish (30.4%)

Votes

Strong Buy
7 (30%)
Buy
4 (17%)
Hold
5 (22%)
Sell
6 (26%)
Strong Sell
1 (4%)

How the votes changed

Rating3M ago2M ago1M ago1W agoNow3-month change
Strong Buy66777 ▲ +1
Buy55444 ▼ −1
Hold44555 ▲ +1
Sell77666 ▼ −1
Strong Sell11111 —

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.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yieldRating
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.

Shareholding Pattern

Who owns Indus Towers shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Jun '26
51.3%
23.2%
16.2%
9.3%
Mar '26
Dec '25
Sep '25
HolderSep '25Dec '25Mar '26Jun '26Change
Promoter51.03%51.03%51.26%51.26% 0.00 pts
FII26.21%25.92%25.10%23.20% ▼ −1.90 pts
MF13.80%14.03%14.08%16.22% ▲ +2.14 pts
Other8.96%9.02%9.56%9.32% ▼ −0.24 pts

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.

Indus TowersBenchmarkComfortable → stretched

Valuation Is the price reasonable?

P/E (TTM)Price ÷ yearly earnings per share
14.44
▼ 9% below the sector average of 15.79
P/E, 12-month rangeLow 8.95 · high 20.79
46%
Today's P/E sits 46% of the way from its low to its high
P/BPrice ÷ book value per share
2.56
P/SPrice ÷ sales per share
3.09
P/CFPrice ÷ cash flow per share
6.97
PEGP/E ÷ earnings growth (≈1 is fair)
0.27

Profitability Of every ₹100 of sales, how much is kept?

Gross marginKept after the cost of goods
63.09%
▲ above its 5-yr average of 62.35%
Operating marginKept after running costs
32.29%
▲ above its 5-yr average of 31.80%
Pre-tax marginKept before tax
29.24%
▲ above its 5-yr average of 28.55%
Net marginKept as profit
21.77%
▲ above its 5-yr average of 21.40%

Returns & efficiency How well does it use its money?

Return on equityProfit on shareholders' money
19.81%
▼ below its 5-yr average of 24.15%
Return on assetsProfit on everything it owns
10.63%
▼ below its 5-yr average of 11.60%
Return on investmentProfit on long-term capital
12.35%
▼ below its 5-yr average of 14.12%

Growth Is the business getting bigger?

Revenue — last 12 months
+6.7%
▲ growing
Revenue — 3 yr, a year
+4.6%
▲ growing
Revenue — 5 yr, a year
+18.4%
▲ growing
EPS — last 12 months
−26.3%
▼ shrinking (off the scale)
EPS — 3 yr, a year
+53.0%
▲ growing (off the scale)
EPS — 5 yr, a year
+9.1%
▲ growing
Book value — 5 yr, a year
+20.6%
▲ growing

Financial strength Can it pay its bills and debts?

Debt to equityBorrowings for every ₹1 of shareholders' money
0.53×
• Moderate
Current ratioShort-term assets for every ₹1 due within a year
1.72×
✓ Comfortable
Quick ratioLike the current ratio, without inventory
1.69×
✓ Comfortable
Interest coverOperating profit ÷ interest to pay
8.16×
✓ Strong
Payout ratioShare of profit paid as dividend
51.69%
✓ Balanced

Per share What each share stands for

EPS (TTM)
₹27.12
Book value
₹150.33
Cash flow
₹55.20
Dividend
₹14.00
Revenue
₹124.60

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

P/E excluding extraordinary items, most recent fiscal year14.20
Current Dividend Yield - Common Stock Primary Issue, LTM3.64
Price to Book - most recent fiscal year2.56
P/E Basic excluding extraordinary items - TTM14.44
P/E including extraordinary items - TTM14.19
P/E excluding extraordinary items low, trailing 12 months8.95
Price to Tangible Book - most fiscal year2.56
Dividend Yield - 5 Year Average2.77
Price to sales - most recent fiscal year3.12
Net Debt, LFI97,952.00
Price to Tangible Book - most recent quarter2.46
Price to Book - most recent quarter2.45
Dividend Yield - indicated annual dividend divided by closing price3.64
Price to Cash Flow per share - trailing 12 month6.97
Peg Ratio0.27
Price to Free Cash Flow per Share - most recent fiscal year14.38
P/E Normalized, most recent fiscal year14.73
P/E excluding extraordinary items high, trailing 12 months20.79
P/E excluding extraordinary items, most recent fiscal year quarter14.19
Price to sales - trailing 12 month3.09
Net Debt, LFY1,52,744.00

Per share

Dividend Per Share - 5 year average7.80
Cash Flow per share - trailing 12 month55.20
Cash Flow per share - most recent fiscal year54.47
Book value (tangible) per share - most recent quarter156.72
Cash per share - most recent quarter44.13
EPS including extraordinary items - trailing 12 month27.12
EPS including extraordinary items - most recent fiscal year27.09
EBITD per share - trailing 12 month68.31
Revenue/share - trailing 12 month124.60
EPS excluding extraordinary items - trailing 12 month27.12
EPS Basic excluding extraordinary items - most recent fiscal year27.09
EPS Basic excluding extraordinary items - trailing 12 month27.12
Book value per share - most recent fiscal year150.33
Book value per share - most recent quarter156.92
Dividend per share - most recent fiscal year14.00
Revenue/share - most recent fiscal year123.20
EPS Normalized - most recent fiscal year26.12
Book value (tangible) per share - most recent fiscal year150.15
Dividends per share - trailing 12 month14.00
EPS excluding extraordinary items - most recent fiscal year27.09
Cash per share - most recent fiscal year22.19

Margins

Operating margin - trailing 12 month32.29
Gross Margin - 5 year average62.35
Operating margin - 1st historical fiscal year32.85
Operating Margin - 5 year average31.80
Net Profit Margin % - 1st historical fiscal year21.99
Gross Margin - 1st historical fiscal year63.05
Net Profit Margin % - trailing 12 month21.77
Net Profit Margin - 5 year average21.40
Pretax Margin - 5 year average28.55
Pretax margin - 1st historical fiscal year29.54
Pretax margin - trailing 12 month29.24
Free Operating Cash Flow/Revenue, 5 Year Average20.16
Gross Margin - trailing 12 month63.09

Growth

EPS Change %, TTM over TTM−26.32
Revenue growth rate, 5 year18.42
EPS growth rate, 5 year9.11
Revenue Change % - most recent quarter 1 year ago4.64
Growth rate% - EPS, 3 year52.95
Revenue/share (5 yr growth)13.76
Tangible Book Value, Total Equity, 5 Year CAGR20.07
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR12.46
Capital Spending growth rate, 5 year32.42
Revenue Change %, TTM over TTM6.72
Growth rate% - Revenue, 3 year4.61
Book value per share growth rate, 5 year20.61
EPS Change % - most recent quarter 1 year ago0.46
Net Profit Margin growth rate, 5 year−4.08
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR19.57
Total Debt, 5 Year CAGR−0.42

Financial strength

Net Interest coverage - most recent fiscal year8.16
Current EV/Free Cash Flow, LTM37.56
Total debt/total equity - most recent quarter0.52
Free Cash Flow - most recent fiscal year70,582.00
LT debt/equity - most recent fiscal year0.44
Quick ratio - most recent fiscal year1.69
Quick ratio - most recent quarter1.84
Payout ratio - trailing 12 month51.63
Current ratio - most recent fiscal year1.72
Current EV/Free Cash Flow, LFY20.34
LT debt/equity - most recent quarter0.43
Total debt/total equity - most recent fiscal year0.53
Net Interest coverage - trailing 12 month7.01
Current ratio - most recent quarter1.85
Payout ratio - most recent fiscal year51.69

Returns & efficiency

Return on average equity - 5 year average24.15
Net Income/employee - trailing 12 month1,88,50,860.00
Revenue/employee - most recent fiscal year8,56,65,960.00
Return on investment - most recent fiscal year12.35
Return on average assets - most recent fiscal year10.63
Receivables turnover - most recent fiscal year3.68
Return on investment - trailing 12 month11.94
Return on average assets - trailing 12 month10.33
Inventory turnover - most recent fiscal year40.94
Inventory turnover - trailing 12 month489.22
Revenue/employee - trailing 12 month8,66,05,010.00
Return on average assets - 5 year average11.60
Net Income/employee - most recent fiscal year1,88,37,070.00
Return on average equity - trailing 12 month18.90
Receivables turnover - trailing 12 month7.08
Asset turnover - most recent fiscal year0.48
Asset turnover - trailing 12 month0.47
Return on average equity - most recent fiscal year19.81
Return on investment - 5 year average14.12

Price & volume

Market Cap1,00,962.48
52 week Low Date14 Oct 2025
Price - 1 Day % Change0.71
Relative (S&P500) price percent change - 13 week−0.67
Avg trading volume last 10 days4.95
Price - 13 week price percent change−3.46
Price - 52 week price percent change7.16
Avg Trading Volume Last 3 months114.43
Price - 5 Day % Change2.45
Price % Change Month To Date−1.03
Relative (S&P500) price percent change - 04 week5.48
52 week High Date19 Feb 2026
Price - 26 week price percent change−10.06
PDATE23 Sep 2026
Price - YTD price percent change−8.11
Relative (S&P500) price percent change - 52 week17.57
NPRICE384.80
Relative (S&P500) price percent change - 26 week−9.53
52 week Low337.80
52 week High481.50
Beta0.90
Relative (S&P500) price percent change - Year to Date4.65

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹14.00
₹14.00
  • 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

In the News

Recent headlines about Indus Towers — they open on Mint in a new tab.

Stock data comes from the exchange feed via our data provider and may be delayed. It is for information only and is not a recommendation to buy or sell. See all stocks →

Frequently Asked Questions

Indus Towers (NSE: INDUSTOWER) last traded at ₹377.90 on the NSE, down 2.11% (₹8.15) on the day, as of 24 Sep 2026, 8:30 AM. On the BSE it was ₹377.35. The day's range was ₹376.75 – ₹384.70.

Indus Towers's 52-week high is ₹481.55 (19 Feb 2026) and its 52-week low is ₹337.75 (14 Oct 2025). At ₹377.90 the share is 21.5% below its high and 11.9% above its low.

Indus Towers's market capitalisation is ₹99,551 Cr (₹99,551 Cr). It is part of the NIFTY 500 index.

Indus Towers's P/E ratio (trailing 12 months) is 14.44. The sector average is 15.79, so investors pay 9% less for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹27.12.

Indus Towers shares are up 7.16% over the last year, down 8.11% so far this year, down 10.06% over 6 months, down 3.46% over 3 months. Over the last year the stock did 17.57% better than the market.

In FY26 (year to Mar 2026), Indus Towers reported revenue of ₹32,493 Cr (up 7.87% on the year before) and a net profit of ₹7,145 Cr. Earnings per share were ₹27.09.

Yes. Indus Towers's latest dividend is ₹14.00 per share (140%, final dividend), with an ex-date of 10 Aug 2026. The dividend yield is 3.64%. It has paid 3 dividends in the records shown on this page.

Of 23 analysts covering Indus Towers, 11 are bullish (7 strong buy, 4 buy), 5 say hold and 7 are bearish. The consensus is Buy (average rating 2.57 on a scale where 1 is Strong Buy and 5 is Strong Sell). Analyst views are opinions, not a guarantee.

As of Jun 2026: Promoter 51.26%, FII 23.20%, MF 16.22%, Other 9.32%.

Indus Towers's listed peers in Construction Services include DLF, Lodha Developers, Oberoi Realty, Godrej Properties, Rail Vikas Nigam. By market capitalisation it ranks #3 of 6 in this group.