Indus Towers Ltd.
•2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 36.9%
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%
- Operating margins have improved to 54.0% from 36.1%
- Company has delivered good sales growth of 18.4% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.03x)
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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 2,603 | 593 | 3,407 | 3,712 | 3,620 | 3,681 | 3,683 | 6,333 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 133 | 309 | 602 | 445 | 104 | 158 | 291 | 211 | 163 | 170 | 237 | 249 | 249 |
| Interest | 428 | 459 | 514 | 464 | 456 | 461 | 462 | 479 | 475 | 462 | 487 | 469 | 485 |
| Depreciation | 1,372 | 1,525 | 1,595 | 1,564 | 1,560 | 1,580 | 1,568 | 1,692 | 1,704 | 1,800 | 1,798 | 1,837 | 1,893 |
| 1,813 | 1,747 | 2,077 | 2,489 | 2,592 | 2,979 | 5,216 | 2,360 | 2,331 | 2,475 | 2,418 | 2,360 | 2,347 | |
| Tax % | 25.50% | 25.87% | 25.80% | 25.54% | 25.69% | 25.40% | 23.37% | 24.71% | 25.58% | 25.79% | 26.62% | 24.18% | 25.63% |
| Net Profit | 1,351 | 1,295 | 1,541 | 1,853 | 1,926 | 2,222 | 3,997 | 1,776 | 1,734 | 1,837 | 1,774 | 1,789 | 1,745 |
| 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 | 19,767 | 21,027 | 22,546 | 24,379 | 26,284 | 25,784 | 29,762 | 29,899 | 31,703 | 33,503 | 35,262 | 37,041 | 38,772 |
| 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 | 19,767 | 21,027 | 22,546 | 24,379 | 26,284 | 25,784 | 29,762 | 29,899 | 31,703 | 33,503 | 35,262 | 37,041 | 38,772 |
| 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
- 1,372
- 1,813
- Tax %
- 25.50%
- Net Profit
- 1,351
- 5
- Equity Capital
- 2,695
- Reserves
- 19,767
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,695
- Reserves
- 19,767
- Promoter Pledge %
- 0.00%
- 7,132
- 3,711
- Operating Profit
- —
- OPM %
- —
- Other Income
- 309
- Interest
- 459
- Depreciation
- 1,525
- 1,747
- Tax %
- 25.87%
- Net Profit
- 1,295
- 5
- Equity Capital
- 2,695
- Reserves
- 21,027
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,695
- Reserves
- 21,027
- Promoter Pledge %
- 0.00%
- 7,199
- 3,615
- Operating Profit
- —
- OPM %
- —
- Other Income
- 602
- Interest
- 514
- Depreciation
- 1,595
- 2,077
- Tax %
- 25.80%
- Net Profit
- 1,541
- 6
- Equity Capital
- 2,695
- Reserves
- 22,546
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,695
- Reserves
- 22,546
- Promoter Pledge %
- 0.00%
- 7,193
- 3,122
- Operating Profit
- —
- OPM %
- —
- Other Income
- 445
- Interest
- 464
- Depreciation
- 1,564
- 2,489
- Tax %
- 25.54%
- Net Profit
- 1,853
- 7
- Equity Capital
- 2,695
- Reserves
- 24,379
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,695
- Reserves
- 24,379
- 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
- 26,284
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,695
- Reserves
- 26,284
- Promoter Pledge %
- 0.00%
- 7,465
- 2,603
- Operating Profit
- —
- OPM %
- —
- Other Income
- 158
- Interest
- 461
- Depreciation
- 1,580
- 2,979
- Tax %
- 25.40%
- Net Profit
- 2,222
- 8
- Equity Capital
- 2,638
- Reserves
- 25,784
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 25,784
- Promoter Pledge %
- 0.00%
- 7,547
- 593
- Operating Profit
- —
- OPM %
- —
- Other Income
- 291
- Interest
- 462
- Depreciation
- 1,568
- 5,216
- Tax %
- 23.37%
- Net Profit
- 3,997
- 15
- Equity Capital
- 2,638
- Reserves
- 29,762
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 29,762
- Promoter Pledge %
- 0.00%
- 7,727
- 3,407
- Operating Profit
- —
- OPM %
- —
- Other Income
- 211
- Interest
- 479
- Depreciation
- 1,692
- 2,360
- Tax %
- 24.71%
- Net Profit
- 1,776
- 7
- Equity Capital
- 2,638
- Reserves
- 29,899
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 29,899
- Promoter Pledge %
- 0.00%
- 8,058
- 3,712
- Operating Profit
- —
- OPM %
- —
- Other Income
- 163
- Interest
- 475
- Depreciation
- 1,704
- 2,331
- Tax %
- 25.58%
- Net Profit
- 1,734
- 7
- Equity Capital
- 2,638
- Reserves
- 31,703
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 31,703
- Promoter Pledge %
- 0.00%
- 8,188
- 3,620
- Operating Profit
- —
- OPM %
- —
- Other Income
- 170
- Interest
- 462
- Depreciation
- 1,800
- 2,475
- Tax %
- 25.79%
- Net Profit
- 1,837
- 7
- Equity Capital
- 2,638
- Reserves
- 33,503
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 33,503
- Promoter Pledge %
- 0.00%
- 8,146
- 3,681
- Operating Profit
- —
- OPM %
- —
- Other Income
- 237
- Interest
- 487
- Depreciation
- 1,798
- 2,418
- Tax %
- 26.62%
- Net Profit
- 1,774
- 7
- Equity Capital
- 2,638
- Reserves
- 35,262
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 35,262
- Promoter Pledge %
- 0.00%
- 8,101
- 3,683
- Operating Profit
- —
- OPM %
- —
- Other Income
- 249
- Interest
- 469
- Depreciation
- 1,837
- 2,360
- Tax %
- 24.18%
- Net Profit
- 1,789
- 7
- Equity Capital
- 2,638
- Reserves
- 37,041
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 37,041
- Promoter Pledge %
- 0.00%
- 8,431
- 6,333
- Operating Profit
- —
- OPM %
- —
- Other Income
- 249
- Interest
- 485
- Depreciation
- 1,893
- 2,347
- Tax %
- 25.63%
- Net Profit
- 1,745
- 1
- Equity Capital
- 2,638
- Reserves
- 38,772
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,638
- Reserves
- 38,772
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,085 | 6,618 | 6,822 | 6,738 | 13,951 | 27,708 | 28,382 | 28,601 | 30,123 | 32,493 | 32,867 | |
| 3,260 | 3,620 | 3,803 | 3,181 | 6,818 | 12,938 | 18,713 | 14,124 | 14,559 | 14,952 | 17,318 | |
| Operating Profit | 4,541 | 4,479 | 4,782 | 4,023 | 7,994 | 15,347 | 10,247 | 16,047 | 21,404 | 18,616 | — |
| OPM % | 75 | 68 | 70 | 60 | 57 | 55 | 36 | 56 | 71 | 57 | — |
| Other Income | 1,716 | 1,482 | 1,763 | 466 | 862 | 576 | 578 | 1,570 | 5,841 | 1,075 | 904 |
| Interest | 39 | 46 | 53 | 333 | 835 | 1,602 | 1,670 | 1,864 | 1,858 | 1,893 | 1,904 |
| Depreciation | 1,166 | 1,180 | 1,064 | 1,277 | 2,843 | 5,320 | 5,322 | 6,056 | 6,400 | 7,139 | 7,328 |
| 3,336 | 3,227 | 3,665 | 2,412 | 4,316 | 8,424 | 2,762 | 8,127 | 13,147 | 9,584 | 9,600 | |
| Tax % | 19 | 25 | 24 | 28 | 23 | 24 | 26 | 26 | 25 | 26 | 26 |
| Net Profit | 2,705 | 2,414 | 2,779 | 1,747 | 3,338 | 6,367 | 2,043 | 6,041 | 9,922 | 7,135 | 7,146 |
| EPS | 14 | 13 | 15 | 9 | 15 | 24 | 8 | 22 | 38 | 27 | — |
| Dividend Payout % | 109 | 107 | 100 | 111 | 162 | 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 | 15 | 9 | 12 | 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 | 15 | 9 | 12 | 24 | 8 | 22 | 38 | 27 | — |
- 6,085
- 3,260
- Operating Profit
- 4,541
- OPM %
- 75
- Other Income
- 1,716
- Interest
- 39
- Depreciation
- 1,166
- 3,336
- Tax %
- 19
- Net Profit
- 2,705
- EPS
- 14
- Dividend Payout %
- 109
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- 6,618
- 3,620
- Operating Profit
- 4,479
- OPM %
- 68
- Other Income
- 1,482
- Interest
- 46
- Depreciation
- 1,180
- 3,227
- Tax %
- 25
- Net Profit
- 2,414
- EPS
- 13
- Dividend Payout %
- 107
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- 6,822
- 3,803
- Operating Profit
- 4,782
- OPM %
- 70
- Other Income
- 1,763
- Interest
- 53
- Depreciation
- 1,064
- 3,665
- Tax %
- 24
- Net Profit
- 2,779
- EPS
- 15
- Dividend Payout %
- 100
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- 6,738
- 3,181
- Operating Profit
- 4,023
- OPM %
- 60
- Other Income
- 466
- Interest
- 333
- Depreciation
- 1,277
- 2,412
- Tax %
- 28
- Net Profit
- 1,747
- EPS
- 9
- Dividend Payout %
- 111
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- 13,951
- 6,818
- Operating Profit
- 7,994
- OPM %
- 57
- Other Income
- 862
- Interest
- 835
- Depreciation
- 2,843
- 4,316
- Tax %
- 23
- Net Profit
- 3,338
- EPS
- 15
- Dividend Payout %
- 162
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- 27,708
- 12,938
- Operating Profit
- 15,347
- OPM %
- 55
- Other Income
- 576
- Interest
- 1,602
- Depreciation
- 5,320
- 8,424
- Tax %
- 24
- Net Profit
- 6,367
- 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
- 10,247
- OPM %
- 36
- Other Income
- 578
- Interest
- 1,670
- Depreciation
- 5,322
- 2,762
- Tax %
- 26
- Net Profit
- 2,043
- 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
- 14,124
- Operating Profit
- 16,047
- OPM %
- 56
- Other Income
- 1,570
- Interest
- 1,864
- Depreciation
- 6,056
- 8,127
- Tax %
- 26
- Net Profit
- 6,041
- 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
- 14,559
- Operating Profit
- 21,404
- OPM %
- 71
- Other Income
- 5,841
- Interest
- 1,858
- Depreciation
- 6,400
- 13,147
- Tax %
- 25
- Net Profit
- 9,922
- 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
- 14,952
- Operating Profit
- 18,616
- OPM %
- 57
- Other Income
- 1,075
- Interest
- 1,893
- Depreciation
- 7,139
- 9,584
- Tax %
- 26
- Net Profit
- 7,135
- 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
- 17,318
- Operating Profit
- —
- OPM %
- —
- Other Income
- 904
- Interest
- 1,904
- Depreciation
- 7,328
- 9,600
- Tax %
- 26
- Net Profit
- 7,146
- 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:
- 18%
- 5 Years:
- 16%
- 3 Years:
- 52%
STOCK PRICE CAGR
- 10 Years:
- 1%
- 5 Years:
- 11%
- 3 Years:
- 32%
- 1 Year:
- 6%
RETURN ON EQUITY
- 10 Years:
- 20%
- 5 Years:
- 24%
- 3 Years:
- 26%
- Last Year:
- 20%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 14,382 | 15,868 | 13,808 | 12,025 | 13,198 | 19,471 | 18,428 | 24,364 | 29,880 | 37,012 | |
| 278 | 0 | 6 | 2,418 | 5,465 | 919 | 740 | 1,625 | 1,631 | 768 | |
| Trade Payables | 1,121 | 1,100 | 1,083 | 806 | 3,258 | 2,125 | 2,120 | 2,278 | 2,446 | 2,678 |
| 3,831 | 1,332 | 1,323 | 2,841 | 20,331 | 22,779 | 21,391 | 23,863 | 26,615 | 28,258 | |
| Total Liabilities | 21,463 | 20,150 | 18,069 | 19,940 | 44,947 | 47,988 | 45,373 | 54,826 | 63,210 | 71,354 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 5,791 | 5,589 | 5,325 | 6,679 | 31,770 | 31,814 | 32,373 | 39,294 | 44,375 | 49,512 | |
| Capital Work in Progress | 58 | 100 | 104 | 53 | 271 | 177 | 354 | 422 | 567 | 623 |
| 11,666 | 12,830 | 10,842 | 11,492 | 2,286 | 1,667 | 291 | 23 | 1,506 | 4,336 | |
| 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 | 2,249 | 31 | 2 | 147 | 13 | 980 | 22 | 58 | 1,855 | 1,527 |
| 1,697 | 1,600 | 1,796 | 1,568 | 10,606 | 13,350 | 12,334 | 8,579 | 10,132 | 10,389 | |
| Total Assets | 21,463 | 20,150 | 18,069 | 19,940 | 44,947 | 47,988 | 45,373 | 54,826 | 63,210 | 71,354 |
| Total Debt | 278 | 0 | 6 | 2,418 | 8,164 | 5,487 | 4,712 | 4,312 | 2,262 | 921 |
| Net Working Capital | 332 | 5,823 | 2,517 | 1,146 | -4,314 | 3,504 | 561 | 344 | 3,169 | 6,538 |
| Contingent Liabilities | 2,286 | 2,171 | 2,104 | 2,099 | 11,912 | 11,600 | 11,504 | 12,028 | 4,670 | 5,151 |
| Book Value per Share | 87.76 | 95.79 | 84.65 | 75.02 | 58.98 | 82.25 | 78.38 | 100.41 | 123.26 | 150.30 |
| 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 | 4,712 | 4,312 | 2,262 | 921 |
| Net Working Capital | 332 | 5,823 | 2,517 | 1,146 | -4,314 | 3,504 | 561 | 344 | 3,169 | 6,538 |
| Contingent Liabilities | 2,286 | 2,171 | 2,104 | 2,099 | 11,912 | 11,600 | 11,504 | 12,028 | 4,670 | 5,151 |
| Book Value per Share | 87.76 | 95.79 | 84.65 | 75.02 | 58.98 | 82.25 | 78.38 | 100.41 | 123.26 | 150.30 |
| 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
- 14,382
- 278
- Trade Payables
- 1,121
- 3,831
- Total Liabilities
- 21,463
- 5,791
- Capital Work in Progress
- 58
- 11,666
- 0
- 0
- Cash & Bank
- 2,249
- 1,697
- Total Assets
- 21,463
- Total Debt
- 278
- Net Working Capital
- 332
- Contingent Liabilities
- 2,286
- Book Value per Share
- 87.76
- Face Value
- 10.00
- Total Debt
- 278
- Net Working Capital
- 332
- Contingent Liabilities
- 2,286
- Book Value per Share
- 87.76
- Face Value
- 10.00
- Equity Capital
- 1,850
- 15,868
- 0
- Trade Payables
- 1,100
- 1,332
- Total Liabilities
- 20,150
- 5,589
- Capital Work in Progress
- 100
- 12,830
- 0
- 0
- Cash & Bank
- 31
- 1,600
- Total Assets
- 20,150
- Total Debt
- 0
- Net Working Capital
- 5,823
- Contingent Liabilities
- 2,171
- Book Value per Share
- 95.79
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 5,823
- Contingent Liabilities
- 2,171
- Book Value per Share
- 95.79
- Face Value
- 10.00
- Equity Capital
- 1,850
- 13,808
- 6
- Trade Payables
- 1,083
- 1,323
- Total Liabilities
- 18,069
- 5,325
- Capital Work in Progress
- 104
- 10,842
- 0
- 0
- Cash & Bank
- 2
- 1,796
- Total Assets
- 18,069
- Total Debt
- 6
- Net Working Capital
- 2,517
- Contingent Liabilities
- 2,104
- Book Value per Share
- 84.65
- Face Value
- 10.00
- Total Debt
- 6
- Net Working Capital
- 2,517
- Contingent Liabilities
- 2,104
- Book Value per Share
- 84.65
- Face Value
- 10.00
- Equity Capital
- 1,850
- 12,025
- 2,418
- Trade Payables
- 806
- 2,841
- Total Liabilities
- 19,940
- 6,679
- Capital Work in Progress
- 53
- 11,492
- 0
- 0
- Cash & Bank
- 147
- 1,568
- Total Assets
- 19,940
- Total Debt
- 2,418
- Net Working Capital
- 1,146
- Contingent Liabilities
- 2,099
- Book Value per Share
- 75.02
- Face Value
- 10.00
- Total Debt
- 2,418
- Net Working Capital
- 1,146
- Contingent Liabilities
- 2,099
- Book Value per Share
- 75.02
- Face Value
- 10.00
- Equity Capital
- 2,695
- 13,198
- 5,465
- Trade Payables
- 3,258
- 20,331
- Total Liabilities
- 44,947
- 31,770
- Capital Work in Progress
- 271
- 2,286
- 0
- 0
- Cash & Bank
- 13
- 10,606
- Total Assets
- 44,947
- Total Debt
- 8,164
- Net Working Capital
- -4,314
- Contingent Liabilities
- 11,912
- Book Value per Share
- 58.98
- Face Value
- 10.00
- Total Debt
- 8,164
- Net Working Capital
- -4,314
- Contingent Liabilities
- 11,912
- Book Value per Share
- 58.98
- Face Value
- 10.00
- Equity Capital
- 2,695
- 19,471
- 919
- Trade Payables
- 2,125
- 22,779
- Total Liabilities
- 47,988
- 31,814
- Capital Work in Progress
- 177
- 1,667
- 0
- 0
- Cash & Bank
- 980
- 13,350
- Total Assets
- 47,988
- Total Debt
- 5,487
- Net Working Capital
- 3,504
- Contingent Liabilities
- 11,600
- Book Value per Share
- 82.25
- Face Value
- 10.00
- Total Debt
- 5,487
- Net Working Capital
- 3,504
- Contingent Liabilities
- 11,600
- Book Value per Share
- 82.25
- Face Value
- 10.00
- Equity Capital
- 2,695
- 18,428
- 740
- Trade Payables
- 2,120
- 21,391
- Total Liabilities
- 45,373
- 32,373
- Capital Work in Progress
- 354
- 291
- 0
- 0
- Cash & Bank
- 22
- 12,334
- Total Assets
- 45,373
- Total Debt
- 4,712
- Net Working Capital
- 561
- Contingent Liabilities
- 11,504
- Book Value per Share
- 78.38
- Face Value
- 10.00
- Total Debt
- 4,712
- Net Working Capital
- 561
- Contingent Liabilities
- 11,504
- Book Value per Share
- 78.38
- Face Value
- 10.00
- Equity Capital
- 2,695
- 24,364
- 1,625
- Trade Payables
- 2,278
- 23,863
- Total Liabilities
- 54,826
- 39,294
- Capital Work in Progress
- 422
- 23
- 0
- 6,451
- Cash & Bank
- 58
- 8,579
- Total Assets
- 54,826
- Total Debt
- 4,312
- Net Working Capital
- 344
- Contingent Liabilities
- 12,028
- Book Value per Share
- 100.41
- Face Value
- 10.00
- Total Debt
- 4,312
- Net Working Capital
- 344
- Contingent Liabilities
- 12,028
- Book Value per Share
- 100.41
- Face Value
- 10.00
- Equity Capital
- 2,638
- 29,880
- 1,631
- Trade Payables
- 2,446
- 26,615
- Total Liabilities
- 63,210
- 44,375
- Capital Work in Progress
- 567
- 1,506
- 8
- 4,768
- Cash & Bank
- 1,855
- 10,132
- Total Assets
- 63,210
- Total Debt
- 2,262
- Net Working Capital
- 3,169
- Contingent Liabilities
- 4,670
- Book Value per Share
- 123.26
- Face Value
- 10.00
- Total Debt
- 2,262
- Net Working Capital
- 3,169
- Contingent Liabilities
- 4,670
- Book Value per Share
- 123.26
- Face Value
- 10.00
- Equity Capital
- 2,638
- 37,012
- 768
- Trade Payables
- 2,678
- 28,258
- Total Liabilities
- 71,354
- 49,512
- Capital Work in Progress
- 623
- 4,336
- 27
- 4,939
- Cash & Bank
- 1,527
- 10,389
- Total Assets
- 71,354
- Total Debt
- 921
- Net Working Capital
- 6,538
- Contingent Liabilities
- 5,151
- Book Value per Share
- 150.30
- Face Value
- 10.00
- Total Debt
- 921
- Net Working Capital
- 6,538
- Contingent Liabilities
- 5,151
- Book Value per Share
- 150.30
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,915 | 2,471 | 2,042 | 2,305 | 7,477 | 9,112 | 7,907 | 11,583 | 19,638 | 15,665 | |
| Cash from Investing | 718 | -855 | 2,718 | -1,009 | 1,804 | -2,182 | -1,739 | -7,565 | -10,925 | -10,237 |
| Cash from Financing | -2,671 | -3,556 | -4,796 | -1,179 | -9,381 | -5,964 | -7,126 | -3,982 | -8,622 | -5,554 |
| -38 | -1,940 | -36 | 117 | -99 | 967 | -958 | 36 | 91 | -127 | |
| Free Cash Flow | 1,256 | 1,756 | 1,510 | 255 | -43,383 | 6,457 | 3,482 | 342 | 8,651 | 4,895 |
| OCF / Net Profit | 0.71 | 1.02 | 0.73 | 1.32 | 2.24 | 1.43 | 3.87 | 1.92 | 1.98 | 2.20 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -38,606 | -33,405 | -31,679 | -32,847 | -24,451 | 23,828 |
| OCF / Net Profit | 0.71 | 1.02 | 0.73 | 1.32 | 2.24 | 1.43 | 3.87 | 1.92 | 1.98 | 2.20 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -38,606 | -33,405 | -31,679 | -32,847 | -24,451 | 23,828 |
- 1,915
- Cash from Investing
- 718
- Cash from Financing
- -2,671
- -38
- Free Cash Flow
- 1,256
- OCF / Net Profit
- 0.71
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.71
- Cumulative 5-Year FCF
- 0
- 2,471
- Cash from Investing
- -855
- Cash from Financing
- -3,556
- -1,940
- Free Cash Flow
- 1,756
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 0
- 2,042
- Cash from Investing
- 2,718
- Cash from Financing
- -4,796
- -36
- Free Cash Flow
- 1,510
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
- 2,305
- Cash from Investing
- -1,009
- Cash from Financing
- -1,179
- 117
- Free Cash Flow
- 255
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 0
- 7,477
- Cash from Investing
- 1,804
- Cash from Financing
- -9,381
- -99
- Free Cash Flow
- -43,383
- OCF / Net Profit
- 2.24
- Cumulative 5-Year FCF
- -38,606
- OCF / Net Profit
- 2.24
- Cumulative 5-Year FCF
- -38,606
- 9,112
- Cash from Investing
- -2,182
- Cash from Financing
- -5,964
- 967
- Free Cash Flow
- 6,457
- OCF / Net Profit
- 1.43
- Cumulative 5-Year FCF
- -33,405
- OCF / Net Profit
- 1.43
- Cumulative 5-Year FCF
- -33,405
- 7,907
- Cash from Investing
- -1,739
- Cash from Financing
- -7,126
- -958
- Free Cash Flow
- 3,482
- OCF / Net Profit
- 3.87
- Cumulative 5-Year FCF
- -31,679
- OCF / Net Profit
- 3.87
- Cumulative 5-Year FCF
- -31,679
- 11,583
- Cash from Investing
- -7,565
- Cash from Financing
- -3,982
- 36
- Free Cash Flow
- 342
- OCF / Net Profit
- 1.92
- Cumulative 5-Year FCF
- -32,847
- OCF / Net Profit
- 1.92
- Cumulative 5-Year FCF
- -32,847
- 19,638
- Cash from Investing
- -10,925
- Cash from Financing
- -8,622
- 91
- Free Cash Flow
- 8,651
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- -24,451
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- -24,451
- 15,665
- Cash from Investing
- -10,237
- Cash from Financing
- -5,554
- -127
- Free Cash Flow
- 4,895
- OCF / Net Profit
- 2.20
- Cumulative 5-Year FCF
- 23,828
- OCF / Net Profit
- 2.20
- Cumulative 5-Year FCF
- 23,828
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 14.62 | 13.05 | 15.02 | 9.44 | 12.39 | 23.63 | 7.58 | 22.42 | 37.61 | 27.05 |
| Book Value (₹) | 87.76 | 95.79 | 84.65 | 75.02 | 58.98 | 82.25 | 78.38 | 100.41 | 123.26 | 150.30 |
| 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 (₹) | 20.93 | 19.43 | 20.78 | 16.35 | 22.94 | 43.37 | 27.33 | 44.89 | 61.87 | 54.11 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 74.63% | 67.68% | 70.10% | 59.70% | 57.30% | 55.39% | 36.10% | 50.62% | 51.67% | 53.98% |
| Net Margin % | 44.46% | 36.47% | 40.74% | 25.92% | 23.93% | 22.98% | 7.20% | 21.12% | 32.94% | 21.96% |
| ROE % | 15.39% | 14.22% | 16.65% | 11.83% | 22.43% | 33.46% | 9.44% | 25.08% | 33.31% | 19.77% |
| ROCE % | 19.04% | 19.12% | 22.27% | 17.18% | 25.53% | 38.77% | 16.57% | 34.91% | 45.34% | 30.44% |
| 12.10% | 11.60% | 14.54% | 9.19% | 10.29% | 13.70% | 4.38% | 12.06% | 16.81% | 10.60% | |
| 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 | 0.17x | 0.51x | 0.25x | 0.22x | 0.16x | 0.07x | 0.02x |
| Interest Coverage (x) | 85.66x | 70.40x | 70.28x | 8.24x | 6.17x | 6.26x | 2.65x | 5.36x | 8.08x | 6.06x |
| 1.07x | 4.21x | 2.42x | 1.30x | 0.69x | 1.40x | 1.07x | 1.03x | 1.32x | 1.73x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 9.47% | 8.76% | 3.08% | -1.22% | 107.04% | 98.61% | 2.43% | 0.77% | 5.32% | 7.87% |
| Operating Profit Growth % | 48.38% | -1.36% | 6.76% | -15.87% | 98.71% | 91.98% | -33.23% | 56.60% | 33.39% | -13.03% |
| Net Profit Growth % | 103.78% | -10.76% | 15.12% | -37.15% | 91.13% | 90.73% | -67.91% | 195.65% | 64.25% | -28.09% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 195.65% | 67.79% | -28.09% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 12.99x | 8.88x | 15.45x |
| 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 | 4.14x | 5.89x |
- EPS (₹)
- 14.62
- Book Value (₹)
- 87.76
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 20.93
- Operating Margin %
- 74.63%
- Net Margin %
- 44.46%
- ROE %
- 15.39%
- ROCE %
- 19.04%
- 12.10%
- Debtor Days
- 15
- Inventory Days
- 0
- Payable Days
- 0
- 15
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 85.66x
- 1.07x
- Revenue Growth %
- 9.47%
- Operating Profit Growth %
- 48.38%
- Net Profit Growth %
- 103.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 13.05
- Book Value (₹)
- 95.79
- Dividend per Share (₹)
- 14.00
- Cash EPS (₹)
- 19.43
- Operating Margin %
- 67.68%
- Net Margin %
- 36.47%
- ROE %
- 14.22%
- ROCE %
- 19.12%
- 11.60%
- Debtor Days
- 16
- Inventory Days
- 0
- Payable Days
- 0
- 16
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 70.40x
- 4.21x
- Revenue Growth %
- 8.76%
- Operating Profit Growth %
- -1.36%
- Net Profit Growth %
- -10.76%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 15.02
- Book Value (₹)
- 84.65
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 20.78
- Operating Margin %
- 70.10%
- Net Margin %
- 40.74%
- ROE %
- 16.65%
- ROCE %
- 22.27%
- 14.54%
- Debtor Days
- 22
- Inventory Days
- 0
- Payable Days
- 0
- 22
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 70.28x
- 2.42x
- Revenue Growth %
- 3.08%
- Operating Profit Growth %
- 6.76%
- Net Profit Growth %
- 15.12%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 9.44
- Book Value (₹)
- 75.02
- Dividend per Share (₹)
- 10.50
- Cash EPS (₹)
- 16.35
- Operating Margin %
- 59.70%
- Net Margin %
- 25.92%
- ROE %
- 11.83%
- ROCE %
- 17.18%
- 9.19%
- Debtor Days
- 25
- Inventory Days
- 0
- Payable Days
- 0
- 25
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 8.24x
- 1.30x
- Revenue Growth %
- -1.22%
- Operating Profit Growth %
- -15.87%
- Net Profit Growth %
- -37.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 12.39
- Book Value (₹)
- 58.98
- Dividend per Share (₹)
- 20.12
- Cash EPS (₹)
- 22.94
- Operating Margin %
- 57.30%
- Net Margin %
- 23.93%
- ROE %
- 22.43%
- ROCE %
- 25.53%
- 10.29%
- Debtor Days
- 55
- Inventory Days
- 0
- Payable Days
- 0
- 55
- Debt to Equity (x)
- 0.51x
- Interest Coverage (x)
- 6.17x
- 0.69x
- Revenue Growth %
- 107.04%
- Operating Profit Growth %
- 98.71%
- Net Profit Growth %
- 91.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 23.63
- Book Value (₹)
- 82.25
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 43.37
- Operating Margin %
- 55.39%
- Net Margin %
- 22.98%
- ROE %
- 33.46%
- ROCE %
- 38.77%
- 13.70%
- Debtor Days
- 72
- Inventory Days
- 0
- Payable Days
- 0
- 72
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 6.26x
- 1.40x
- Revenue Growth %
- 98.61%
- Operating Profit Growth %
- 91.98%
- Net Profit Growth %
- 90.73%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 7.58
- Book Value (₹)
- 78.38
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 27.33
- Operating Margin %
- 36.10%
- Net Margin %
- 7.20%
- ROE %
- 9.44%
- ROCE %
- 16.57%
- 4.38%
- 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 %
- 2.43%
- Operating Profit Growth %
- -33.23%
- Net Profit Growth %
- -67.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 22.42
- Book Value (₹)
- 100.41
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 44.89
- Operating Margin %
- 50.62%
- Net Margin %
- 21.12%
- ROE %
- 25.08%
- ROCE %
- 34.91%
- 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 %
- 195.65%
- 195.65%
- P/E (x)
- 12.99x
- P/B (x)
- 2.90x
- Dividend Yield %
- 0.00%
- 5.15x
- EPS (₹)
- 37.61
- Book Value (₹)
- 123.26
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 61.87
- Operating Margin %
- 51.67%
- Net Margin %
- 32.94%
- ROE %
- 33.31%
- ROCE %
- 45.34%
- 16.81%
- 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 %
- 33.39%
- Net Profit Growth %
- 64.25%
- 67.79%
- P/E (x)
- 8.88x
- P/B (x)
- 2.71x
- Dividend Yield %
- 0.00%
- 4.14x
- EPS (₹)
- 27.05
- Book Value (₹)
- 150.30
- Dividend per Share (₹)
- 14.00
- Cash EPS (₹)
- 54.11
- Operating Margin %
- 53.98%
- Net Margin %
- 21.96%
- ROE %
- 19.77%
- ROCE %
- 30.44%
- 10.60%
- Debtor Days
- 55
- Inventory Days
- 0
- Payable Days
- 0
- 55
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 6.06x
- 1.73x
- Revenue Growth %
- 7.87%
- Operating Profit Growth %
- -13.03%
- Net Profit Growth %
- -28.09%
- -28.09%
- P/E (x)
- 15.45x
- P/B (x)
- 2.78x
- Dividend Yield %
- 3.35%
- 5.89x
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

