Exponential growth in data traffic
In the last few years, data traffic has seen an exponential increase however the same pace has not been witnessed in networks. This gap underpins the network congestion and relatively poor quality of service faced by consumers especially during peak hours.
Higher network densification
The demand for wireless broadband services is expected to intensify in the coming years, driven by availability of affordable handsets, proliferation of relevant applications and rich content, etc. A meaningful improvement in quality of service amidst the backdrop of continuously rising consumption, is only possible through network densification which represents new business opportunities for passive infrastructure providers like us in the form of macro and micro towers along with adjacent opportunities.
Financial health of customers
Intense price competition has affected the financial health of operators. Our largest customers, Bharti Airtel and Vodafone- Idea are raising or have raised substantial amounts by way of rights issue, QIB, FCCB, Perpetual Bonds etc. to strengthen their financials.
Indus Towers Share Price
- Open423.00
- High430.90
- Low366.35
- Prev Close428.25
- Volume8,38,81,230
- VWAP(₹)387.87
Indus Towers share price insights
Intraday fact check
In the last 11 years, only 2.21 % trading sessions saw intraday declines higher than 5 % .Employee & Interest Expense
Company has spent 2.57% of its operating revenues towards interest expenses and 2.74% towards employee cost in the year ending Mar 31, 2024. (Source: Consolidated Financials)Sell Signal: Bears on driving seat
50 day moving crossover appeared today. Average price decline of -4.61% within 30 days of this signal in last 5 years.Stock Returns vs Nifty 100
Stock gave a 3 year return of 59.35% as compared to Nifty 100 which gave a return of 48.18%. (as of last trading session)Indus Towers Share Price Update
Indus Towers Ltd. share price moved down by -8.98% from its previous close of Rs 428.25. Indus Towers Ltd. stock last traded price is 389.80
Share Price Value Today/Current/Last 389.80 Previous Day 428.25
Indus Towers Share Price Returns
| 1 Day | -8.98% |
| 1 Month | -6.89% |
| 3 Months | 16.71% |
| 1 Year | 110.59% |
| 3 Years | 45.04% |
| 5 Years | 56.3% |
Key Metrics
| PE Ratio(x) | 15.55 |
| EPS - TTM(₹) | 25.07 |
| MCap(₹ Cr.) | 1,02,427 |
| MCap Rank | 3 |
| PB Ratio(x) | 4.18 |
| Div Yield(%) | 0.00 |
| Face Value(₹) | 10.00 |
| 52W High(₹) | 460.35 |
| 52W Low(₹) | 166.70 |
| MCap/Sales | 2.74 |
| Beta(1 Month) | 1.11 |
| BV/Share(₹) | 102.49 |
Indus Towers Share Recommendations
19 Analysts
SellSellHoldBuyStrong
Buy
| Ratings | Current | 1W Ago | 1M Ago | 3M Ago |
|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 |
| Buy | 6 | 5 | 5 | 4 |
| Hold | 4 | 5 | 6 | 6 |
| Sell | 2 | 2 | 1 | 2 |
| Strong Sell | 4 | 4 | 4 | 3 |
| # Analysts | 19 | 19 | 19 | 18 |
- Target₹270
- OrganizationICICI Securities
- SELL
- Target₹155
- OrganizationICICI Securities
- REDUCE
- Target₹158
- OrganizationICICI Securities
- HOLD
Indus Towers News & Analysis
News
Indus Towers shares fall 13% after SC rejects re-computation in AGR case
News
Brookfield concludes ATC India buyout, pips Indus to become India’s top tower company
News
Bharti Airtel to own over 50 pc stake in Indus Towers after share buybackClarification Regarding Share Price Fluctuation Of The Company
Announcements
Indus Towers Financials
Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023 Total Income 7,439.40 7,638.60 7,297.90 7,229.70 7,208.90 Total Income Growth (%) -2.61 4.67 0.94 0.29 4.95 Total Expenses 4,439.40 4,686.10 4,707.90 5,024.40 4,970.50 Total Expenses Growth (%) -5.26 -0.46 -6.30 1.08 7.44 EBIT 3,000.00 2,952.50 2,590.00 2,205.30 2,238.40 EBIT Growth (%) 1.61 14.00 17.44 -1.48 -0.18 Profit after Tax (PAT) 1,925.90 1,853.10 1,540.50 1,294.70 1,347.90 PAT Growth (%) 3.93 20.29 18.99 -3.95 -3.66 EBIT Margin (%) 40.33 38.65 35.49 30.50 31.05 Net Profit Margin (%) 25.89 24.26 21.11 17.91 18.70 Basic EPS (₹) 7.15 6.88 5.72 4.81 5.00 All figures in Rs Cr, unless mentioned otherwise
InsightsEmployee & Interest Expense
Company has spent 2.57% of its operating revenues towards interest expenses and 2.74% towards employee cost in the year ending Mar 31, 2024. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Total Assets 55,867.60 46,572.40 47,967.60 44,943.70 19,753.90 Total Assets Growth (%) 19.96 -2.91 6.73 127.52 15.31 Total Liabilities 28,828.80 25,462.90 25,817.10 29,066.70 6,211.60 Total Liabilities Growth (%) 13.22 -1.37 -11.18 367.94 139.01 Total Equity 27,038.80 21,109.50 22,150.50 15,877.00 13,542.30 Total Equity Growth (%) 28.09 -4.70 39.51 17.24 -6.81 Current Ratio (x) 1.03 1.07 1.39 0.69 1.29 Total Debt to Equity (x) 0.16 0.22 0.25 0.44 0.18 Contingent Liabilities 12,549.50 12,072.60 11,832.10 12,565.90 2,268.30 All figures in Rs Cr, unless mentioned otherwise
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Net Cash flow from Operating Activities 11,582.10 7,904.80 9,121.20 7,481.10 2,315.10 Net Cash used in Investing Activities -7,545.80 -1,730.00 -2,173.70 1,797.70 -1,012.20 Net Cash flow from Financing Activities -3,995.60 -7,132.60 -5,981.60 -9,376.80 -1,185.40 Net Cash Flow 40.70 -957.80 965.90 -97.80 117.50 Closing Cash & Cash Equivalent 63.10 22.40 980.20 14.30 112.10 Closing Cash & Cash Equivalent Growth (%) 181.70 -97.71 6,754.55 -87.24 -2,175.93 Total Debt/ CFO (x) 0.37 0.60 0.60 0.93 1.04 All figures in Rs Cr, unless mentioned otherwise
InsightsIncrease in Cash from Investing
Company has used Rs 7545.8 cr for investing activities which is an YoY increase of 336.17%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Return on Equity (%) 22.32 9.66 28.77 23.80 24.35 Return on Capital Employed (%) 19.37 12.25 25.63 15.25 17.21 Return on Assets (%) 10.80 4.38 13.28 8.40 16.69 Interest Coverage Ratio (x) 20.29 6.90 9.58 5.65 8.19 Asset Turnover Ratio (x) 0.56 0.60 0.60 31.04 34.13 Price to Earnings (x) 13.00 18.94 9.39 17.51 8.98 Price to Book (x) 2.90 1.83 2.70 4.16 2.19 EV/EBITDA (x) 5.54 4.31 4.19 9.64 7.92 EBITDA Margin (%) 52.15 35.33 55.41 54.28 59.66
Peer Comparison
NAME 1D 1W 1M 3M 1Y 3Y 5Y Indus Towers Stock Performance -8.98 -8.93 -5.34 13.13 110.59 45.04 53.77 Tejas Networks Stock Performance 0.54 -2.15 2.68 -9.93 45.45 192.33 1339.57 Railtel Corp Stock Performance -2.93 -3.24 -5.15 3.66 108.56 244.99 0.00 GTL Infra Stock Performance -4.82 -9.20 -13.50 5.80 89.60 35.43 238.57 Nelco Ltd Stock Performance -1.13 -8.78 20.04 36.92 35.78 113.61 323.86 All values in %
Stock Returns vs Nifty 100
Stock gave a 3 year return of 59.35% as compared to Nifty 100 which gave a return of 48.18%. (as of last trading session)Stock Returns vs BSE Telecommunication
Stock generated 59.35% return as compared to BSE Telecommunication which gave investors 83.1% return over 3 year time period. (as of last trading session)
Mutual Funds Ownership
MF Ownership as on 31 August 2024
911.80
Amount Invested (in Cr.)
2.31%
% of AUM
-4.73
% Change (MoM basis)
662.55
Amount Invested (in Cr.)
0.9%
% of AUM
-3.66
% Change (MoM basis)
637.32
Amount Invested (in Cr.)
1.89%
% of AUM
0.00
% Change (MoM basis)
Indus Towers Futures & Options
Date Price Open Interest 26-09-2024Current
8.65-20.10 (-69.91%)
00 (0.00%)
28.75Open28.75High3.80Low28.75Close16,170Contracts Traded1,32,044.25Turnover (₹ Lakhs)Open Interest as of 05 Jul 2024
Date Price Open Interest 26-09-2024Current
393.95-33.80 (-7.90%)
3,06,00064,600 (21.11%)
423.95Open431.15High367.55Low427.75Prev Close57,351Contracts Traded4,48,979.60Turnover (₹ Lakhs)Open Interest as of 05 Jul 2024
Corporate Actions
General Meeting
Buy Back of Shares
Aug 07, 2024
General Meeting
Buy Back of Shares
Aug 07, 2024
General Meeting
Buy Back of Shares
Aug 07, 2024
Announced on Meeting on Jul 26, 2024 Jul 30, 2024 Quarterly Results & Buy Back of Shares Apr 12, 2024 Apr 30, 2024 Audited Results Jan 04, 2024 Jan 23, 2024 Quarterly Results Oct 05, 2023 Oct 25, 2023 Quarterly Results Jul 05, 2023 Jul 27, 2023 Quarterly Results Announced on Ex-Date Dividend% May 05, 2022 May 13, 2022 110% Jan 28, 2021 Feb 08, 2021 178% Jul 27, 2020 Aug 05, 2020 23% Apr 23, 2020 May 05, 2020 41% Dec 10, 2019 Dec 19, 2019 27% No Data Available
No Data Available
No Data Available
Announced on Meeting on Aug 07, 2024 - Buy Back of Shares Aug 07, 2024 - Buy Back of Shares Aug 07, 2024 - Buy Back of Shares Aug 07, 2024 - Buy Back of Shares Aug 07, 2024 - Buy Back of Shares
About Indus Towers
Indus Towers Ltd., incorporated in the year 2006, is a Large Cap company (having a market cap of Rs 102,835.58 Crore) operating in Telecommunications sector. Indus Towers Ltd. key Products/Revenue Segments include Rent and Sale of Energy for the year ending 31-Mar-2024.For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 7,439.40 Crore, down 2.61 % from last quarter Total Income of Rs 7,638.60 Crore and up 3.20 % from last year same quarter Total Income of Rs 7,208.90 Crore. Company has reported net profit after tax of Rs 1,925.90 Crore in latest quarter.The company’s top management includes Mr.Dinesh Kumar Mittal, Mr.Prachur Sah, Mr.Gopal Vittal, Mr.Harjeet Singh Kohli, Mr.Jagdish Saksena Deepak, Mr.Rajan Bharti Mittal, Mr.Randeep Singh Sekhon, Mr.Ravinder Takkar, Mr.Sunil Sood, Mr.Thomas Reisten, Ms.Anita Kapur, Mr.Ramesh Abhishek, Mr.Sharad Bhansali, Mr.Sonu Bhasin, Mr.Vikas Poddar, Ms.Samridhi Rodhe. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-06-2024, the company has a total of 269.49 Crore shares outstanding.
Key Indices Listed On
Nifty Midcap 50, Nifty Midcap 100, Nifty 200, Nifty 500, BSE 500
Address
Building No. 10,Tower-A,Gurugram, Haryana - 122002
Executive Leadership
Dinesh Kumar Mittal
Chairman(NonExe.&Ind.Director)Prachur Sah
Managing Director & CEOGopal Vittal
Non Exe.Non Ind.DirectorHarjeet Singh Kohli
Non Exe.Non Ind.DirectorAuditors
FAQs about Indus Towers share
- 1. What's the Indus Towers share price today?Indus Towers share price was Rs 389.80 as on 19 Sep, 2024, 04:02 PM IST. Indus Towers share price was down by 8.98% based on previous share price of Rs 430.45. Indus Towers share price trend:
- Last 3 Months: Indus Towers share price moved up by 16.71%
- Last 12 Months: Indus Towers share price moved up 110.59%
- Last 3 Years: Indus Towers Share price moved up by 45.04%
- 2. What are the returns for Indus Towers share?Return Performance of Indus Towers Shares:
- 1 Week: Indus Towers share price moved down by 10.07%
- 3 Month: Indus Towers share price moved up by 16.71%
- 6 Month: Indus Towers share price moved up by 63.61%
- 3. How can I quickly analyze Indus Towers stock?Indus Towers share can be quickly analyzed on following metrics:
- Stock's PE is 15.55
- Price to Book Ratio of 4.18
- 4. What are the Indus Towers quarterly results?Total Revenue and Earning for Indus Towers for the year ending 2024-03-31 was Rs 28961.70 Cr and Rs 6036.20 Cr on Consolidated basis. Last Quarter 2024-06-30, Indus Towers reported an income of Rs 7439.40 Cr and profit of Rs 1925.90 Cr.
- 5. Is Indus Towers giving dividend?An equity Interim dividend of Rs 11 per share was declared by Indus Towers Ltd. on 05 May 2022. So, company has declared a dividend of 110% on face value of Rs 10 per share. The ex dividend date was 13 May 2022.
- 6. What is the CAGR of Indus Towers?The CAGR of Indus Towers is 19.65.
- 7. Who's the owner of Indus Towers?Promoter,DII and FII owns 69.0, 9.9 and 16.4 shares of Indus Towers as on 30 Jun 2024
- Promoter holding have gone down from 69.0 (31 Mar 2024) to 52.01 (30 Jun 2024)
- Domestic Institutional Investors holding has gone up from 9.9 (31 Mar 2024) to 16.97 (30 Jun 2024)
- Foreign Institutional Investors holding has gone up from 16.4 (31 Mar 2024) to 23.15 (30 Jun 2024)
- Other investor holding has gone up from 4.69 (31 Mar 2024) to 7.87 (30 Jun 2024)
- 8. Who is the Chief Executive Officer of Indus Towers?Prachur Sah is the Managing Director & CEO of Indus Towers
- 9. Who are peers to compare Indus Towers share price?Top 7 Peers for Indus Towers are Tejas Networks Ltd., RailTel Corporation of India Ltd., GTL Infrastructure Ltd., Nelco Ltd., Suyog Telematics Ltd., DiGiSPICE Technologies Ltd. and Uniinfo Telecom Services Ltd.
- 10. What is the PE & PB ratio of Indus Towers?The PE ratio of Indus Towers stands at 17.08, while the PB ratio is 4.27.
- 11. What's the market capitalization of Indus Towers?Within the Telecommunications sector, Indus Towers stock has a market cap rank of 3. Indus Towers has a market cap of Rs 1,02,427 Cr.
- 12. What is Indus Towers's 52 week high / low?52 Week high of Indus Towers share is Rs 460.35 while 52 week low is Rs 166.70
- 13. Who is the chairman of Indus Towers?Dinesh Kumar Mittal is the Chairman(NonExe.&Ind.Director) of Indus Towers
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