Indus Towers Ltd.
•2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 37.0%
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%
- Company has consistently been profitable over the last 5 years
- Operating margins have improved to 54.0% from 36.1%
- Company has delivered good sales growth of 18.4% CAGR over last 5 years
CONS
- Working capital days have increased from 38 to 73 days
- Inventory has been piling up - inventory days up from 0 to 0
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BHARTIARTL | 1925.00 | 41.55 | 1201422.21 | 1.25 | 10011.60 | 34.89 | 58539.10 | 18.35 | 25.05 | 57.07 |
| 2. | IDEA | 14.06 | 4.07 | 152330.31 | 0.00 | -3754.00 | 43.19 | 11689.00 | 6.19 | 46.77 | 43.07 |
| 3. | INDUSTOWER | 371.00 | 13.68 | 97875.84 | 3.77 | 1745.80 | 0.52 | 8431.10 | 4.64 | 30.51 | 53.11 |
| 4. | BHARTIHEXA | 1599.00 | 0.00 | 79950.00 | 1.13 | 4824.00 | 1131.87 | 25099.00 | 1009.10 | 29.30 | 52.68 |
| 5. | TATACOMM | 1660.60 | 50.04 | 47329.88 | 1.05 | 129.72 | -31.78 | 6582.82 | 10.45 | 15.75 | 18.75 |
| 6. | RAILTEL | 286.85 | 45.66 | 9206.12 | 1.13 | 38.39 | 48.51 | 467.61 | 24.08 | 23.03 | 15.86 |
| 7. | TTML | 37.67 | 91.79 | 7364.21 | 0.00 | -72.15 | 77.80 | 301.57 | 6.09 | 157.86 | 53.91 |
| 8. | HATHWAY | 10.44 | 24.38 | 1847.99 | 0.00 | 24.56 | -20.85 | 565.10 | 6.52 | 2.55 | 13.43 |
| 9. | MTNL | 26.69 | 0.00 | 1681.47 | 0.00 | -842.36 | 10.69 | 216.89 | 229.92 | -6.76 | -15.07 |
| 10. | GTL | 7.31 | 0.14 | 114.98 | 0.00 | 4520.66 | 2243.77 | 497.08 | -28.12 | 0.00 | 27.04 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,076 | 7,132 | 7,199 | 7,193 | 7,383 | 7,465 | 7,547 | 7,727 | 8,058 | 8,188 | 8,146 | 8,101 | 8,431 | |
| 3,596 | 3,711 | 3,615 | 3,122 | 2,879 | 2,602 | 589 | 3,403 | 3,708 | 3,616 | 3,678 | 3,677 | 6,332 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 133 | 309 | 602 | 445 | 104 | 158 | 291 | 211 | 163 | 170 | 237 | 248 | 248 |
| Interest | 428 | 459 | 514 | 464 | 456 | 461 | 462 | 479 | 475 | 462 | 487 | 469 | 486 |
| Depreciation | 1,374 | 1,526 | 1,596 | 1,564 | 1,560 | 1,580 | 1,568 | 1,693 | 1,704 | 1,801 | 1,798 | 1,838 | 1,894 |
| 1,810 | 1,747 | 2,076 | 2,489 | 2,592 | 2,980 | 5,219 | 2,363 | 2,334 | 2,478 | 2,420 | 2,365 | 2,347 | |
| Tax % | 25.54% | 25.88% | 25.81% | 25.55% | 25.69% | 25.39% | 23.29% | 24.71% | 25.58% | 25.79% | 26.62% | 24.20% | 25.63% |
| Net Profit | 0 | 0 | 0 | 0 | 1,926 | 2,224 | 4,003 | 1,779 | 1,737 | 1,839 | 1,776 | 1,793 | 1,746 |
| 5 | 5 | 6 | 7 | 7 | 8 | 15 | 7 | 7 | 7 | 7 | 7 | 1 | |
| Equity Capital | 2,695 | 2,695 | 2,695 | 2,695 | 2,695 | 2,638 | 2,638 | 2,638 | 2,638 | 2,638 | 2,638 | 2,638 | 2,638 |
| Reserves | 19,739 | 21,004 | 22,510 | 24,344 | 26,249 | 25,761 | 29,721 | 29,860 | 31,667 | 33,462 | 35,223 | 37,008 | 38,740 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 2,695 | 2,695 | 2,695 | 2,695 | 2,695 | 2,638 | 2,638 | 2,638 | 2,638 | 2,638 | 2,638 | 2,638 | 2,638 |
| Reserves | 19,739 | 21,004 | 22,510 | 24,344 | 26,249 | 25,761 | 29,721 | 29,860 | 31,667 | 33,462 | 35,223 | 37,008 | 38,740 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 7,076
- 3,596
- Operating Profit
- —
- OPM %
- —
- Other Income
- 133
- Interest
- 428
- Depreciation
- 1,374
- 1,810
- Tax %
- 25.54%
- Net Profit
- 0
- 5
- Equity Capital
- 2,695
- Reserves
- 19,739
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,695
- Reserves
- 19,739
- Promoter Pledge %
- 0.00%
- 7,132
- 3,711
- Operating Profit
- —
- OPM %
- —
- Other Income
- 309
- Interest
- 459
- Depreciation
- 1,526
- 1,747
- Tax %
- 25.88%
- Net Profit
- 0
- 5
- Equity Capital
- 2,695
- Reserves
- 21,004
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,695
- Reserves
- 21,004
- Promoter Pledge %
- 0.00%
- 7,199
- 3,615
- Operating Profit
- —
- OPM %
- —
- Other Income
- 602
- Interest
- 514
- Depreciation
- 1,596
- 2,076
- Tax %
- 25.81%
- Net Profit
- 0
- 6
- Equity Capital
- 2,695
- Reserves
- 22,510
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,695
- Reserves
- 22,510
- Promoter Pledge %
- 0.00%
- 7,193
- 3,122
- Operating Profit
- —
- OPM %
- —
- Other Income
- 445
- Interest
- 464
- Depreciation
- 1,564
- 2,489
- Tax %
- 25.55%
- Net Profit
- 0
- 7
- Equity Capital
- 2,695
- Reserves
- 24,344
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,695
- Reserves
- 24,344
- Promoter Pledge %
- 0.00%
- 7,383
- 2,879
- Operating Profit
- —
- OPM %
- —
- Other Income
- 104
- Interest
- 456
- Depreciation
- 1,560
- 2,592
- Tax %
- 25.69%
- Net Profit
- 1,926
- 7
- Equity Capital
- 2,695
- Reserves
- 26,249
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,695
- Reserves
- 26,249
- Promoter Pledge %
- 0.00%
- 7,465
- 2,602
- Operating Profit
- —
- OPM %
- —
- Other Income
- 158
- Interest
- 461
- Depreciation
- 1,580
- 2,980
- Tax %
- 25.39%
- Net Profit
- 2,224
- 8
- Equity Capital
- 2,638
- Reserves
- 25,761
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 25,761
- Promoter Pledge %
- 0.00%
- 7,547
- 589
- Operating Profit
- —
- OPM %
- —
- Other Income
- 291
- Interest
- 462
- Depreciation
- 1,568
- 5,219
- Tax %
- 23.29%
- Net Profit
- 4,003
- 15
- Equity Capital
- 2,638
- Reserves
- 29,721
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 29,721
- Promoter Pledge %
- 0.00%
- 7,727
- 3,403
- Operating Profit
- —
- OPM %
- —
- Other Income
- 211
- Interest
- 479
- Depreciation
- 1,693
- 2,363
- Tax %
- 24.71%
- Net Profit
- 1,779
- 7
- Equity Capital
- 2,638
- Reserves
- 29,860
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 29,860
- Promoter Pledge %
- 0.00%
- 8,058
- 3,708
- Operating Profit
- —
- OPM %
- —
- Other Income
- 163
- Interest
- 475
- Depreciation
- 1,704
- 2,334
- Tax %
- 25.58%
- Net Profit
- 1,737
- 7
- Equity Capital
- 2,638
- Reserves
- 31,667
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 31,667
- Promoter Pledge %
- 0.00%
- 8,188
- 3,616
- Operating Profit
- —
- OPM %
- —
- Other Income
- 170
- Interest
- 462
- Depreciation
- 1,801
- 2,478
- Tax %
- 25.79%
- Net Profit
- 1,839
- 7
- Equity Capital
- 2,638
- Reserves
- 33,462
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 33,462
- Promoter Pledge %
- 0.00%
- 8,146
- 3,678
- Operating Profit
- —
- OPM %
- —
- Other Income
- 237
- Interest
- 487
- Depreciation
- 1,798
- 2,420
- Tax %
- 26.62%
- Net Profit
- 1,776
- 7
- Equity Capital
- 2,638
- Reserves
- 35,223
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 35,223
- Promoter Pledge %
- 0.00%
- 8,101
- 3,677
- Operating Profit
- —
- OPM %
- —
- Other Income
- 248
- Interest
- 469
- Depreciation
- 1,838
- 2,365
- Tax %
- 24.20%
- Net Profit
- 1,793
- 7
- Equity Capital
- 2,638
- Reserves
- 37,008
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 37,008
- Promoter Pledge %
- 0.00%
- 8,431
- 6,332
- Operating Profit
- —
- OPM %
- —
- Other Income
- 248
- Interest
- 486
- Depreciation
- 1,894
- 2,347
- Tax %
- 25.63%
- Net Profit
- 1,746
- 1
- Equity Capital
- 2,638
- Reserves
- 38,740
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 38,740
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,085 | 6,621 | 6,826 | 6,743 | 13,954 | 27,717 | 28,382 | 28,601 | 30,123 | 32,493 | 32,867 | |
| 3,260 | 3,622 | 3,808 | 3,185 | 6,821 | 12,934 | 18,713 | 14,125 | 14,550 | 14,936 | 17,304 | |
| Operating Profit | 3,590 | 3,479 | 3,654 | 4,024 | 7,575 | 15,359 | 10,246 | 16,046 | 21,414 | 18,632 | — |
| OPM % | 59 | 53 | 54 | 60 | 54 | 55 | 36 | 56 | 71 | 57 | — |
| Other Income | 765 | 481 | 636 | 466 | 442 | 576 | 578 | 1,570 | 5,841 | 1,074 | 904 |
| Interest | 39 | 46 | 53 | 335 | 836 | 1,603 | 1,670 | 1,864 | 1,858 | 1,893 | 1,904 |
| Depreciation | 1,166 | 1,180 | 1,066 | 1,282 | 2,848 | 5,325 | 5,324 | 6,060 | 6,402 | 7,141 | 7,330 |
| 3,580 | 3,529 | 3,553 | 3,788 | 4,757 | 8,431 | 2,759 | 8,122 | 13,154 | 9,598 | 9,611 | |
| Tax % | 23 | 29 | 30 | 13 | 21 | 24 | 26 | 26 | 24 | 26 | 26 |
| Net Profit | 2,747 | 2,494 | 2,494 | 3,299 | 3,779 | 6,373 | 2,040 | 6,036 | 9,932 | 7,145 | 7,154 |
| EPS | 14 | 13 | 13 | 18 | 18 | 24 | 8 | 22 | 38 | 27 | — |
| Dividend Payout % | 108 | 104 | 111 | 59 | 143 | 47 | 0 | 0 | 0 | 52 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 15 | 13 | 13 | 18 | 14 | 24 | 8 | 22 | 38 | 27 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 15 | 13 | 13 | 18 | 14 | 24 | 8 | 22 | 38 | 27 | — |
- 6,085
- 3,260
- Operating Profit
- 3,590
- OPM %
- 59
- Other Income
- 765
- Interest
- 39
- Depreciation
- 1,166
- 3,580
- Tax %
- 23
- Net Profit
- 2,747
- EPS
- 14
- Dividend Payout %
- 108
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- 6,621
- 3,622
- Operating Profit
- 3,479
- OPM %
- 53
- Other Income
- 481
- Interest
- 46
- Depreciation
- 1,180
- 3,529
- Tax %
- 29
- Net Profit
- 2,494
- EPS
- 13
- Dividend Payout %
- 104
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- 6,826
- 3,808
- Operating Profit
- 3,654
- OPM %
- 54
- Other Income
- 636
- Interest
- 53
- Depreciation
- 1,066
- 3,553
- Tax %
- 30
- Net Profit
- 2,494
- EPS
- 13
- Dividend Payout %
- 111
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- 6,743
- 3,185
- Operating Profit
- 4,024
- OPM %
- 60
- Other Income
- 466
- Interest
- 335
- Depreciation
- 1,282
- 3,788
- Tax %
- 13
- Net Profit
- 3,299
- EPS
- 18
- Dividend Payout %
- 59
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
- 13,954
- 6,821
- Operating Profit
- 7,575
- OPM %
- 54
- Other Income
- 442
- Interest
- 836
- Depreciation
- 2,848
- 4,757
- Tax %
- 21
- Net Profit
- 3,779
- EPS
- 18
- Dividend Payout %
- 143
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- 27,717
- 12,934
- Operating Profit
- 15,359
- OPM %
- 55
- Other Income
- 576
- Interest
- 1,603
- Depreciation
- 5,325
- 8,431
- Tax %
- 24
- Net Profit
- 6,373
- EPS
- 24
- Dividend Payout %
- 47
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
- 28,382
- 18,713
- Operating Profit
- 10,246
- OPM %
- 36
- Other Income
- 578
- Interest
- 1,670
- Depreciation
- 5,324
- 2,759
- Tax %
- 26
- Net Profit
- 2,040
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- 28,601
- 14,125
- Operating Profit
- 16,046
- OPM %
- 56
- Other Income
- 1,570
- Interest
- 1,864
- Depreciation
- 6,060
- 8,122
- Tax %
- 26
- Net Profit
- 6,036
- EPS
- 22
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
- 30,123
- 14,550
- Operating Profit
- 21,414
- OPM %
- 71
- Other Income
- 5,841
- Interest
- 1,858
- Depreciation
- 6,402
- 13,154
- Tax %
- 24
- Net Profit
- 9,932
- EPS
- 38
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 38
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 38
- 32,493
- 14,936
- Operating Profit
- 18,632
- OPM %
- 57
- Other Income
- 1,074
- Interest
- 1,893
- Depreciation
- 7,141
- 9,598
- Tax %
- 26
- Net Profit
- 7,145
- EPS
- 27
- Dividend Payout %
- 52
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
- 32,867
- 17,304
- Operating Profit
- —
- OPM %
- —
- Other Income
- 904
- Interest
- 1,904
- Depreciation
- 7,330
- 9,611
- Tax %
- 26
- Net Profit
- 7,154
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 19%
- 5 Years:
- 18%
- 3 Years:
- 5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 12%
- 5 Years:
- 14%
- 3 Years:
- 52%
STOCK PRICE CAGR
- 10 Years:
- 1%
- 5 Years:
- 11%
- 3 Years:
- 32%
- 1 Year:
- 6%
RETURN ON EQUITY
- 10 Years:
- 22%
- 5 Years:
- 24%
- 3 Years:
- 26%
- Last Year:
- 20%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 1,850 | 1,850 | 1,850 | 1,850 | 2,695 | 2,695 | 2,695 | 2,695 | 2,638 | 2,638 |
| 13,645 | 15,107 | 12,675 | 11,687 | 13,178 | 19,446 | 18,403 | 24,329 | 29,841 | 36,979 | |
| 278 | 0 | 6 | 2,418 | 5,465 | 919 | 740 | 1,625 | 1,631 | 768 | |
| Trade Payables | 1,121 | 1,100 | 1,083 | 807 | 3,259 | 2,129 | 2,122 | 2,280 | 2,445 | 2,672 |
| 4,047 | 1,569 | 1,501 | 2,859 | 20,347 | 22,778 | 21,391 | 23,863 | 26,612 | 28,258 | |
| Total Liabilities | 20,941 | 19,625 | 17,115 | 19,621 | 44,944 | 47,968 | 45,351 | 54,792 | 63,168 | 71,315 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 5,794 | 5,595 | 5,332 | 6,714 | 31,800 | 31,826 | 32,384 | 39,300 | 44,380 | 49,514 | |
| Capital Work in Progress | 58 | 110 | 118 | 54 | 274 | 179 | 355 | 422 | 567 | 630 |
| 11,172 | 12,327 | 9,906 | 11,170 | 2,271 | 1,652 | 276 | 3 | 1,486 | 4,316 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 27 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,451 | 4,768 | 4,939 | |
| Cash & Bank | 2,250 | 31 | 2 | 147 | 14 | 980 | 22 | 63 | 1,856 | 1,552 |
| 1,667 | 1,562 | 1,757 | 1,535 | 10,584 | 13,330 | 12,314 | 8,553 | 10,104 | 10,337 | |
| Total Assets | 20,941 | 19,625 | 17,115 | 19,621 | 44,944 | 47,968 | 45,351 | 54,792 | 63,168 | 71,315 |
| Total Debt | 278 | 0 | 6 | 2,418 | 8,164 | 5,487 | 4,713 | 4,312 | 2,262 | 921 |
| Net Working Capital | 302 | 5,796 | 2,505 | 1,125 | -4,321 | 3,484 | 545 | 334 | 3,143 | 6,515 |
| Contingent Liabilities | 2,291 | 2,176 | 2,109 | 2,105 | 11,917 | 11,601 | 11,506 | 12,029 | 4,670 | 5,151 |
| Book Value per Share | 83.77 | 91.68 | 78.53 | 73.19 | 58.90 | 82.16 | 78.29 | 100.28 | 123.12 | 150.17 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 278 | 0 | 6 | 2,418 | 8,164 | 5,487 | 4,713 | 4,312 | 2,262 | 921 |
| Net Working Capital | 302 | 5,796 | 2,505 | 1,125 | -4,321 | 3,484 | 545 | 334 | 3,143 | 6,515 |
| Contingent Liabilities | 2,291 | 2,176 | 2,109 | 2,105 | 11,917 | 11,601 | 11,506 | 12,029 | 4,670 | 5,151 |
| Book Value per Share | 83.77 | 91.68 | 78.53 | 73.19 | 58.90 | 82.16 | 78.29 | 100.28 | 123.12 | 150.17 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
- Equity Capital
- 1,850
- 13,645
- 278
- Trade Payables
- 1,121
- 4,047
- Total Liabilities
- 20,941
- 5,794
- Capital Work in Progress
- 58
- 11,172
- 0
- 0
- Cash & Bank
- 2,250
- 1,667
- Total Assets
- 20,941
- Total Debt
- 278
- Net Working Capital
- 302
- Contingent Liabilities
- 2,291
- Book Value per Share
- 83.77
- Face Value
- 10.00
- Total Debt
- 278
- Net Working Capital
- 302
- Contingent Liabilities
- 2,291
- Book Value per Share
- 83.77
- Face Value
- 10.00
- Equity Capital
- 1,850
- 15,107
- 0
- Trade Payables
- 1,100
- 1,569
- Total Liabilities
- 19,625
- 5,595
- Capital Work in Progress
- 110
- 12,327
- 0
- 0
- Cash & Bank
- 31
- 1,562
- Total Assets
- 19,625
- Total Debt
- 0
- Net Working Capital
- 5,796
- Contingent Liabilities
- 2,176
- Book Value per Share
- 91.68
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 5,796
- Contingent Liabilities
- 2,176
- Book Value per Share
- 91.68
- Face Value
- 10.00
- Equity Capital
- 1,850
- 12,675
- 6
- Trade Payables
- 1,083
- 1,501
- Total Liabilities
- 17,115
- 5,332
- Capital Work in Progress
- 118
- 9,906
- 0
- 0
- Cash & Bank
- 2
- 1,757
- Total Assets
- 17,115
- Total Debt
- 6
- Net Working Capital
- 2,505
- Contingent Liabilities
- 2,109
- Book Value per Share
- 78.53
- Face Value
- 10.00
- Total Debt
- 6
- Net Working Capital
- 2,505
- Contingent Liabilities
- 2,109
- Book Value per Share
- 78.53
- Face Value
- 10.00
- Equity Capital
- 1,850
- 11,687
- 2,418
- Trade Payables
- 807
- 2,859
- Total Liabilities
- 19,621
- 6,714
- Capital Work in Progress
- 54
- 11,170
- 0
- 0
- Cash & Bank
- 147
- 1,535
- Total Assets
- 19,621
- Total Debt
- 2,418
- Net Working Capital
- 1,125
- Contingent Liabilities
- 2,105
- Book Value per Share
- 73.19
- Face Value
- 10.00
- Total Debt
- 2,418
- Net Working Capital
- 1,125
- Contingent Liabilities
- 2,105
- Book Value per Share
- 73.19
- Face Value
- 10.00
- Equity Capital
- 2,695
- 13,178
- 5,465
- Trade Payables
- 3,259
- 20,347
- Total Liabilities
- 44,944
- 31,800
- Capital Work in Progress
- 274
- 2,271
- 0
- 0
- Cash & Bank
- 14
- 10,584
- Total Assets
- 44,944
- Total Debt
- 8,164
- Net Working Capital
- -4,321
- Contingent Liabilities
- 11,917
- Book Value per Share
- 58.90
- Face Value
- 10.00
- Total Debt
- 8,164
- Net Working Capital
- -4,321
- Contingent Liabilities
- 11,917
- Book Value per Share
- 58.90
- Face Value
- 10.00
- Equity Capital
- 2,695
- 19,446
- 919
- Trade Payables
- 2,129
- 22,778
- Total Liabilities
- 47,968
- 31,826
- Capital Work in Progress
- 179
- 1,652
- 0
- 0
- Cash & Bank
- 980
- 13,330
- Total Assets
- 47,968
- Total Debt
- 5,487
- Net Working Capital
- 3,484
- Contingent Liabilities
- 11,601
- Book Value per Share
- 82.16
- Face Value
- 10.00
- Total Debt
- 5,487
- Net Working Capital
- 3,484
- Contingent Liabilities
- 11,601
- Book Value per Share
- 82.16
- Face Value
- 10.00
- Equity Capital
- 2,695
- 18,403
- 740
- Trade Payables
- 2,122
- 21,391
- Total Liabilities
- 45,351
- 32,384
- Capital Work in Progress
- 355
- 276
- 0
- 0
- Cash & Bank
- 22
- 12,314
- Total Assets
- 45,351
- Total Debt
- 4,713
- Net Working Capital
- 545
- Contingent Liabilities
- 11,506
- Book Value per Share
- 78.29
- Face Value
- 10.00
- Total Debt
- 4,713
- Net Working Capital
- 545
- Contingent Liabilities
- 11,506
- Book Value per Share
- 78.29
- Face Value
- 10.00
- Equity Capital
- 2,695
- 24,329
- 1,625
- Trade Payables
- 2,280
- 23,863
- Total Liabilities
- 54,792
- 39,300
- Capital Work in Progress
- 422
- 3
- 0
- 6,451
- Cash & Bank
- 63
- 8,553
- Total Assets
- 54,792
- Total Debt
- 4,312
- Net Working Capital
- 334
- Contingent Liabilities
- 12,029
- Book Value per Share
- 100.28
- Face Value
- 10.00
- Total Debt
- 4,312
- Net Working Capital
- 334
- Contingent Liabilities
- 12,029
- Book Value per Share
- 100.28
- Face Value
- 10.00
- Equity Capital
- 2,638
- 29,841
- 1,631
- Trade Payables
- 2,445
- 26,612
- Total Liabilities
- 63,168
- 44,380
- Capital Work in Progress
- 567
- 1,486
- 8
- 4,768
- Cash & Bank
- 1,856
- 10,104
- Total Assets
- 63,168
- Total Debt
- 2,262
- Net Working Capital
- 3,143
- Contingent Liabilities
- 4,670
- Book Value per Share
- 123.12
- Face Value
- 10.00
- Total Debt
- 2,262
- Net Working Capital
- 3,143
- Contingent Liabilities
- 4,670
- Book Value per Share
- 123.12
- Face Value
- 10.00
- Equity Capital
- 2,638
- 36,979
- 768
- Trade Payables
- 2,672
- 28,258
- Total Liabilities
- 71,315
- 49,514
- Capital Work in Progress
- 630
- 4,316
- 27
- 4,939
- Cash & Bank
- 1,552
- 10,337
- Total Assets
- 71,315
- Total Debt
- 921
- Net Working Capital
- 6,515
- Contingent Liabilities
- 5,151
- Book Value per Share
- 150.17
- Face Value
- 10.00
- Total Debt
- 921
- Net Working Capital
- 6,515
- Contingent Liabilities
- 5,151
- Book Value per Share
- 150.17
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2,866 | 3,469 | 3,159 | 2,315 | 7,481 | 9,121 | 7,905 | 11,582 | 19,645 | 15,684 | |
| Cash from Investing | -237 | -1,855 | 1,600 | -1,012 | 1,798 | -2,174 | -1,730 | -7,546 | -10,910 | -10,198 |
| Cash from Financing | -2,671 | -3,555 | -4,795 | -1,185 | -9,377 | -5,982 | -7,133 | -3,995 | -8,648 | -5,588 |
| -42 | -1,940 | -36 | 118 | -98 | 966 | -958 | 41 | 87 | -102 | |
| Free Cash Flow | 2,204 | 2,740 | 2,619 | 249 | -43,381 | 6,485 | 3,482 | 344 | 8,658 | 4,907 |
| OCF / Net Profit | 1.04 | 1.39 | 1.27 | 0.70 | 1.98 | 1.43 | 3.87 | 1.92 | 1.98 | 2.20 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -35,568 | -31,287 | -30,545 | -32,821 | -24,412 | 23,876 |
| OCF / Net Profit | 1.04 | 1.39 | 1.27 | 0.70 | 1.98 | 1.43 | 3.87 | 1.92 | 1.98 | 2.20 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -35,568 | -31,287 | -30,545 | -32,821 | -24,412 | 23,876 |
- 2,866
- Cash from Investing
- -237
- Cash from Financing
- -2,671
- -42
- Free Cash Flow
- 2,204
- OCF / Net Profit
- 1.04
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.04
- Cumulative 5-Year FCF
- 0
- 3,469
- Cash from Investing
- -1,855
- Cash from Financing
- -3,555
- -1,940
- Free Cash Flow
- 2,740
- OCF / Net Profit
- 1.39
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.39
- Cumulative 5-Year FCF
- 0
- 3,159
- Cash from Investing
- 1,600
- Cash from Financing
- -4,795
- -36
- Free Cash Flow
- 2,619
- OCF / Net Profit
- 1.27
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.27
- Cumulative 5-Year FCF
- 0
- 2,315
- Cash from Investing
- -1,012
- Cash from Financing
- -1,185
- 118
- Free Cash Flow
- 249
- OCF / Net Profit
- 0.70
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.70
- Cumulative 5-Year FCF
- 0
- 7,481
- Cash from Investing
- 1,798
- Cash from Financing
- -9,377
- -98
- Free Cash Flow
- -43,381
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- -35,568
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- -35,568
- 9,121
- Cash from Investing
- -2,174
- Cash from Financing
- -5,982
- 966
- Free Cash Flow
- 6,485
- OCF / Net Profit
- 1.43
- Cumulative 5-Year FCF
- -31,287
- OCF / Net Profit
- 1.43
- Cumulative 5-Year FCF
- -31,287
- 7,905
- Cash from Investing
- -1,730
- Cash from Financing
- -7,133
- -958
- Free Cash Flow
- 3,482
- OCF / Net Profit
- 3.87
- Cumulative 5-Year FCF
- -30,545
- OCF / Net Profit
- 3.87
- Cumulative 5-Year FCF
- -30,545
- 11,582
- Cash from Investing
- -7,546
- Cash from Financing
- -3,995
- 41
- Free Cash Flow
- 344
- OCF / Net Profit
- 1.92
- Cumulative 5-Year FCF
- -32,821
- OCF / Net Profit
- 1.92
- Cumulative 5-Year FCF
- -32,821
- 19,645
- Cash from Investing
- -10,910
- Cash from Financing
- -8,648
- 87
- Free Cash Flow
- 8,658
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- -24,412
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- -24,412
- 15,684
- Cash from Investing
- -10,198
- Cash from Financing
- -5,588
- -102
- Free Cash Flow
- 4,907
- OCF / Net Profit
- 2.20
- Cumulative 5-Year FCF
- 23,876
- OCF / Net Profit
- 2.20
- Cumulative 5-Year FCF
- 23,876
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 14.85 | 13.48 | 13.48 | 17.83 | 14.02 | 23.65 | 7.57 | 22.40 | 37.65 | 27.08 |
| Book Value (₹) | 83.77 | 91.68 | 78.53 | 73.19 | 58.90 | 82.16 | 78.29 | 100.28 | 123.12 | 150.17 |
| Dividend per Share (₹) | 16.00 | 14.00 | 15.00 | 10.50 | 20.12 | 11.00 | 0.00 | 0.00 | 0.00 | 14.00 |
| Cash EPS (₹) | 21.15 | 19.86 | 19.25 | 24.76 | 24.59 | 43.41 | 27.33 | 44.89 | 61.91 | 54.15 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 59.00% | 52.55% | 53.53% | 59.67% | 54.29% | 55.41% | 36.10% | 50.61% | 51.70% | 54.03% |
| Net Margin % | 45.15% | 37.66% | 36.53% | 48.92% | 27.08% | 22.99% | 7.19% | 21.11% | 32.97% | 21.99% |
| ROE % | 16.29% | 15.37% | 15.84% | 23.51% | 25.70% | 33.53% | 9.44% | 25.09% | 33.38% | 19.82% |
| ROCE % | 21.28% | 21.84% | 22.89% | 27.03% | 27.97% | 38.83% | 16.57% | 34.93% | 45.41% | 30.51% |
| 12.57% | 12.29% | 13.58% | 17.96% | 11.71% | 13.72% | 4.37% | 12.06% | 16.84% | 10.63% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 15 | 16 | 22 | 25 | 55 | 72 | 77 | 72 | 68 | 55 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 | 16 | 22 | 25 | 55 | 72 | 77 | 72 | 68 | 55 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.02x | 0.00x | 0.00x | 0.18x | 0.51x | 0.25x | 0.22x | 0.16x | 0.07x | 0.02x |
| Interest Coverage (x) | 91.86x | 76.90x | 68.16x | 12.31x | 6.69x | 6.26x | 2.65x | 5.36x | 8.08x | 6.07x |
| 1.07x | 4.19x | 2.41x | 1.29x | 0.69x | 1.39x | 1.07x | 1.03x | 1.32x | 1.72x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 9.47% | 8.82% | 3.10% | -1.22% | 106.94% | 98.63% | 2.40% | 0.77% | 5.32% | 7.87% |
| Operating Profit Growth % | 17.31% | -3.08% | 5.03% | 10.11% | 88.28% | 102.75% | -33.29% | 56.60% | 33.45% | -12.99% |
| Net Profit Growth % | 22.23% | -9.22% | 0.00% | 32.28% | 14.56% | 68.65% | -67.99% | 195.89% | 64.54% | -28.06% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 195.89% | 68.08% | -28.06% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 13.00x | 8.87x | 15.43x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.90x | 2.71x | 2.78x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.35% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.15x | 4.13x | 5.88x |
- EPS (₹)
- 14.85
- Book Value (₹)
- 83.77
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 21.15
- Operating Margin %
- 59.00%
- Net Margin %
- 45.15%
- ROE %
- 16.29%
- ROCE %
- 21.28%
- 12.57%
- Debtor Days
- 15
- Inventory Days
- 0
- Payable Days
- 0
- 15
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 91.86x
- 1.07x
- Revenue Growth %
- 9.47%
- Operating Profit Growth %
- 17.31%
- Net Profit Growth %
- 22.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 13.48
- Book Value (₹)
- 91.68
- Dividend per Share (₹)
- 14.00
- Cash EPS (₹)
- 19.86
- Operating Margin %
- 52.55%
- Net Margin %
- 37.66%
- ROE %
- 15.37%
- ROCE %
- 21.84%
- 12.29%
- Debtor Days
- 16
- Inventory Days
- 0
- Payable Days
- 0
- 16
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 76.90x
- 4.19x
- Revenue Growth %
- 8.82%
- Operating Profit Growth %
- -3.08%
- Net Profit Growth %
- -9.22%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 13.48
- Book Value (₹)
- 78.53
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 19.25
- Operating Margin %
- 53.53%
- Net Margin %
- 36.53%
- ROE %
- 15.84%
- ROCE %
- 22.89%
- 13.58%
- Debtor Days
- 22
- Inventory Days
- 0
- Payable Days
- 0
- 22
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 68.16x
- 2.41x
- Revenue Growth %
- 3.10%
- Operating Profit Growth %
- 5.03%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 17.83
- Book Value (₹)
- 73.19
- Dividend per Share (₹)
- 10.50
- Cash EPS (₹)
- 24.76
- Operating Margin %
- 59.67%
- Net Margin %
- 48.92%
- ROE %
- 23.51%
- ROCE %
- 27.03%
- 17.96%
- Debtor Days
- 25
- Inventory Days
- 0
- Payable Days
- 0
- 25
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 12.31x
- 1.29x
- Revenue Growth %
- -1.22%
- Operating Profit Growth %
- 10.11%
- Net Profit Growth %
- 32.28%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 14.02
- Book Value (₹)
- 58.90
- Dividend per Share (₹)
- 20.12
- Cash EPS (₹)
- 24.59
- Operating Margin %
- 54.29%
- Net Margin %
- 27.08%
- ROE %
- 25.70%
- ROCE %
- 27.97%
- 11.71%
- Debtor Days
- 55
- Inventory Days
- 0
- Payable Days
- 0
- 55
- Debt to Equity (x)
- 0.51x
- Interest Coverage (x)
- 6.69x
- 0.69x
- Revenue Growth %
- 106.94%
- Operating Profit Growth %
- 88.28%
- Net Profit Growth %
- 14.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 23.65
- Book Value (₹)
- 82.16
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 43.41
- Operating Margin %
- 55.41%
- Net Margin %
- 22.99%
- ROE %
- 33.53%
- ROCE %
- 38.83%
- 13.72%
- Debtor Days
- 72
- Inventory Days
- 0
- Payable Days
- 0
- 72
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 6.26x
- 1.39x
- Revenue Growth %
- 98.63%
- Operating Profit Growth %
- 102.75%
- Net Profit Growth %
- 68.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 7.57
- Book Value (₹)
- 78.29
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 27.33
- Operating Margin %
- 36.10%
- Net Margin %
- 7.19%
- ROE %
- 9.44%
- ROCE %
- 16.57%
- 4.37%
- Debtor Days
- 77
- Inventory Days
- 0
- Payable Days
- 0
- 77
- Debt to Equity (x)
- 0.22x
- Interest Coverage (x)
- 2.65x
- 1.07x
- Revenue Growth %
- 2.40%
- Operating Profit Growth %
- -33.29%
- Net Profit Growth %
- -67.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 22.40
- Book Value (₹)
- 100.28
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 44.89
- Operating Margin %
- 50.61%
- Net Margin %
- 21.11%
- ROE %
- 25.09%
- ROCE %
- 34.93%
- 12.06%
- Debtor Days
- 72
- Inventory Days
- 0
- Payable Days
- 0
- 72
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 5.36x
- 1.03x
- Revenue Growth %
- 0.77%
- Operating Profit Growth %
- 56.60%
- Net Profit Growth %
- 195.89%
- 195.89%
- P/E (x)
- 13.00x
- P/B (x)
- 2.90x
- Dividend Yield %
- 0.00%
- 5.15x
- EPS (₹)
- 37.65
- Book Value (₹)
- 123.12
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 61.91
- Operating Margin %
- 51.70%
- Net Margin %
- 32.97%
- ROE %
- 33.38%
- ROCE %
- 45.41%
- 16.84%
- Debtor Days
- 68
- Inventory Days
- 0
- Payable Days
- 0
- 68
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 8.08x
- 1.32x
- Revenue Growth %
- 5.32%
- Operating Profit Growth %
- 33.45%
- Net Profit Growth %
- 64.54%
- 68.08%
- P/E (x)
- 8.87x
- P/B (x)
- 2.71x
- Dividend Yield %
- 0.00%
- 4.13x
- EPS (₹)
- 27.08
- Book Value (₹)
- 150.17
- Dividend per Share (₹)
- 14.00
- Cash EPS (₹)
- 54.15
- Operating Margin %
- 54.03%
- Net Margin %
- 21.99%
- ROE %
- 19.82%
- ROCE %
- 30.51%
- 10.63%
- Debtor Days
- 55
- Inventory Days
- 0
- Payable Days
- 0
- 55
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 6.07x
- 1.72x
- Revenue Growth %
- 7.87%
- Operating Profit Growth %
- -12.99%
- Net Profit Growth %
- -28.06%
- -28.06%
- P/E (x)
- 15.43x
- P/B (x)
- 2.78x
- Dividend Yield %
- 3.35%
- 5.88x
Documents
Announcements
- Shareholders meeting
2026-08-19 - Indus Towers Limited has informed the Exchange regarding proceedings of 20th Annual General Meeting
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-10 - Indus Towers Limited has informed the Exchange regarding schedule of Analyst/ Institutional Investors' Meeting
Annual Reports
Credit Ratings
- Credit Rating
2026-07-18 - Indus Towers Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-01-08 - Indus Towers Limited has informed the Exchange about Credit Rating
- Credit Rating- Revision
2025-11-27 - Indus Towers Limited has informed the Exchange regarding Revision in Credit Rating and Credit Rating Update
Concalls
Aug 2026
May 2026
Feb 2026

