What the business is, and whether it's a good one at a fair price.
Builds, owns and operates passive telecom tower infrastructure in India that mobile operators lease to mount their antennas and base-station equipment. As of Q1 FY27, the portfolio covered 267,611 macro towers and 432,250 co-locations, with a tenancy ratio of 1.62 (i.e. multiple operators' equipment per tower on average). Revenue comes mainly from core rental of tower and co-location slots — ₹53.7 bn of Q1 FY27 gross revenue of ₹84.3 bn — with the balance largely energy pass-through billed to customers. Other operating expenses (41.4% of FY26 revenue) and depreciation (22.0%) dominate the cost stack, with site energy — diesel and grid power — the single biggest variable input; diesel consumption fell 13% YoY in Q1 FY27 as solar access extended to around 46,000 sites. The asset base is being expanded to keep pace with India's 5G roll-out (industry 5G BTS base at 563,000, 427 million 5G subscriptions per the Q1 FY27 call). The model is now being replicated in Africa, with rollouts planned across Nigeria, Uganda and Zambia from Q2 FY27 onwards. The company carries a CRISIL AAA/Stable rating and FY26 free cash flow of ₹37.6 bn was fully distributed as a ₹14/share final dividend.
Measured from the filed financials, judged against its Telecom - Services peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from INDUS TOWERS LIMITED's filed financials and exchange disclosures
INDUS TOWERS LIMITED is a Telecom - Services company listed on NSE and BSE, trading under the symbol INDUSTOWER.
Yes. Over the trailing twelve months INDUS TOWERS LIMITED reported a net profit of ₹7,154 Cr on revenue of ₹32,867 Cr.
Not in the latest reported year — INDUS TOWERS LIMITED's dividend payout for FY26 was nil.
Effectively yes. Debt stands at 0.02× equity.
On trailing P/E, INDUS TOWERS LIMITED ranks 10 of 17 in Telecom - Services — cheaper than 44% of them, against an industry median of 12.6×. This is a position, not a valuation judgement.
On a typical session INDUS TOWERS LIMITED moves 0.97% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by INDUS TOWERS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
