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NSE Close — 25 Sep 2026
₹374.65
Change
-5.2 (-1.37%)
Open
₹378.0
Prev. Close
₹379.85
Day High
₹379.25
Day Low
₹373.2
Volume Analysis
Traded
2,952,516
Delivered
1,871,862
Delivery %
63.4%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (1)
- •Strong operating margin (55.0%)
Weaknesses (1)
- •Promoter holding is falling
Opportunities (2)
- •Strong 3-year EPS growth (52.9%)
- •FII holding has been rising
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹384.25 | ₹381.75 | ₹378.2 | ₹375.7 | ₹372.15 | ₹369.65 | ₹366.1 |
| Fibonacci | ₹381.75 | ₹379.44 | ₹378.01 | ₹375.7 | ₹373.39 | ₹371.96 | ₹369.65 |
| Camarilla | ₹376.31 | ₹375.76 | ₹375.2 | ₹375.7 | ₹374.1 | ₹373.54 | ₹372.99 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-14.03%
1 Week
-0.79%
1 Month
-1.41%
3 Months
-4.35%
6 Months
-11.48%
1 Year
+8.19%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹302.32
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
18.03%
Net margin 21.77% × asset turnover 0.46x × equity multiplier 1.8x
Company Overview
Sector
Telecommunication
Market Cap
₹100,029 Cr
P/E (TTM)
14.0
ROE
18.6%
Book Value
₹150.0
Face Value
₹10.0
Source: Screener.in (Consolidated figures) — data as of 24 Sep 2026. Not investment advice.
TopFund Analysis
Indus Towers Limited holds up reasonably well on TopFund's composite fundamentals check within the Telecommunication sector, at 76/100. The strongest factor is Liquidity (93/100), while Momentum (29/100) is the weakest area to weigh before deciding. Notably: Strong operating margin (55.0%); promoter holding is falling. Strong 3-year EPS growth (52.9%).
TopFund Score — Fundamentals Quality
76/100 — GoodData confidence: 79/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Stock is providing a good dividend yield of 3.69%.
- −Promoter holding has decreased over last 3 years: -17.7%
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Trading window closes from September 26, 2026 until 48 hours after Q2 FY2027 audited results.
Indus Towers received an ESG rating of 69.86 (Leader) from Niche Ninety Nine on September 17, 2026.
Indus Towers to attend investor conference with Eastspring Investments and T. Rowe Price on September 18, 2026.
Indus Towers Limited has informed regarding schedule of Analyst/ Institutional Investors' Meeting
Indus Towers received ESG ratings: Crisil 63 Strong, SES 72.1 in FY26.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 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 |
| Expenses + | 3,596 | 3,711 | 3,615 | 3,122 | 2,879 | 2,602 | 589 | 3,332 | 3,668 | 3,616 | 3,678 | 3,677 | 3,953 |
| Operating Profit | 3,480 | 3,422 | 3,584 | 4,072 | 4,504 | 4,864 | 6,958 | 4,395 | 4,390 | 4,572 | 4,468 | 4,424 | 4,478 |
| OPM % | 49.0% | 48.0% | 50.0% | 57.0% | 61.0% | 65.0% | 92.0% | 57.0% | 54.0% | 56.0% | 55.0% | 55.0% | 53.0% |
| Other Income + | 56 | 97 | 99 | 108 | 56 | 114 | 84 | 92 | 85 | 83 | 154 | 155 | 121 |
| Interest | 352 | 246 | 11 | 127 | 408 | 418 | 255 | 431 | 437 | 376 | 404 | 376 | 358 |
| 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 |
| Profit before tax | 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 % | 26.0% | 26.0% | 26.0% | 26.0% | 26.0% | 25.0% | 23.0% | 25.0% | 26.0% | 26.0% | 27.0% | 24.0% | 26.0% |
| Net Profit + | 1,348 | 1,295 | 1,540 | 1,853 | 1,926 | 2,224 | 4,003 | 1,779 | 1,737 | 1,839 | 1,776 | 1,793 | 1,746 |
| EPS in Rs | 5 | 5 | 6 | 7 | 7 | 8 | 15 | 7 | 7 | 7 | 7 | 7 | 7 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 11,668 | 5,558 | 6,085 | 6,621 | 6,826 | 6,743 | 13,954 | 27,717 | 28,382 | 28,601 | 30,123 | 32,493 | 32,867 |
| Expenses + | 6,664 | 3,070 | 3,260 | 3,464 | 3,714 | 3,185 | 6,775 | 12,816 | 18,713 | 14,044 | 9,473 | 14,680 | 14,925 |
| Operating Profit | 5,004 | 2,488 | 2,825 | 3,157 | 3,112 | 3,558 | 7,179 | 14,901 | 9,669 | 14,557 | 20,650 | 17,813 | 17,942 |
| OPM % | 43.0% | 45.0% | 46.0% | 48.0% | 46.0% | 53.0% | 51.0% | 54.0% | 34.0% | 51.0% | 69.0% | 55.0% | 55.0% |
| Other Income + | 522 | 1,679 | 1,960 | 1,599 | 1,559 | 1,846 | 1,262 | 458 | 85 | 1,490 | 764 | 818 | 513 |
| Interest | 290 | 33 | 39 | 46 | 53 | 335 | 836 | 1,603 | 1,670 | 1,864 | 1,858 | 1,893 | 1,513 |
| Depreciation | 2,185 | 1,155 | 1,166 | 1,180 | 1,066 | 1,282 | 2,848 | 5,325 | 5,324 | 6,060 | 6,402 | 7,141 | 7,330 |
| Profit before tax | 3,052 | 2,979 | 3,580 | 3,529 | 3,553 | 3,788 | 4,757 | 8,431 | 2,759 | 8,122 | 13,154 | 9,598 | 9,611 |
| Tax % | 35.0% | 25.0% | 23.0% | 29.0% | 30.0% | 13.0% | 21.0% | 24.0% | 26.0% | 26.0% | 24.0% | 26.0% | — |
| Net Profit + | 1,992 | 2,247 | 2,747 | 2,494 | 2,494 | 3,299 | 3,779 | 6,373 | 2,040 | 6,036 | 9,932 | 7,145 | 7,154 |
| EPS in Rs | 11 | 12 | 15 | 13 | 13 | 18 | 14 | 24 | 8 | 22 | 38 | 27 | 27 |
| Dividend Payout % | 105.0% | 25.0% | 108.0% | 104.0% | 111.0% | 59.0% | 143.0% | 47.0% | 0.0% | 0.0% | 0.0% | 52.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 15,126 | 16,345 | 13,650 | 15,115 | 12,682 | 11,693 | 13,182 | 19,456 | 18,415 | 24,344 | 29,860 | 37,008 |
| Borrowings + | 2,582 | 0 | 278 | 0 | 6 | 4,627 | 21,576 | 19,726 | 19,185 | 20,531 | 21,156 | 21,127 |
| Other Liabilities + | 7,552 | 2,461 | 5,163 | 2,661 | 2,577 | 1,584 | 7,491 | 6,091 | 6,278 | 8,298 | 9,514 | 10,543 |
| Total Liabilities | 27,155 | 20,703 | 20,941 | 19,625 | 17,115 | 19,754 | 44,944 | 47,968 | 46,572 | 55,868 | 63,168 | 71,315 |
| Fixed Assets + | 14,812 | 6,063 | 5,794 | 5,595 | 5,332 | 6,714 | 31,800 | 31,826 | 32,384 | 39,300 | 44,380 | 49,514 |
| CWIP | 226 | 70 | 58 | 110 | 118 | 54 | 274 | 179 | 355 | 422 | 567 | 630 |
| Investments | 5,882 | 10,059 | 11,172 | 12,327 | 9,906 | 11,170 | 2,271 | 1,652 | 276 | 3 | 1,486 | 4,316 |
| Other Assets + | 6,234 | 4,511 | 3,916 | 1,593 | 1,759 | 1,815 | 10,598 | 14,311 | 13,559 | 16,143 | 16,735 | 16,855 |
| Total Assets | 27,155 | 20,703 | 20,941 | 19,625 | 17,115 | 19,754 | 44,944 | 47,968 | 46,572 | 55,868 | 63,168 | 71,315 |
| Equity Capital | 1,894 | 1,897 | 1,850 | 1,850 | 1,850 | 1,850 | 2,695 | 2,695 | 2,695 | 2,695 | 2,638 | 2,638 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3,990 | 1,912 | 2,866 | 3,469 | 3,159 | 2,315 | 7,481 | 9,121 | 7,905 | 11,582 | 19,645 | 15,684 |
| Cash from Investing Activity + | -937 | 1,548 | -237 | -1,855 | 1,600 | -1,012 | 1,798 | -2,174 | -1,730 | -7,546 | -10,910 | -10,198 |
| Cash from Financing Activity + | -3,188 | -1,453 | -2,671 | -3,555 | -4,795 | -1,185 | -9,377 | -5,982 | -7,133 | -3,995 | -8,648 | -5,588 |
| Net Cash Flow | -136 | 2,007 | -42 | -1,940 | -36 | 118 | -98 | 966 | -958 | 41 | 87 | -102 |
| CFO/OP | 97 | 105 | 130 | 136 | 128 | 80 | 119 | 74 | 105 | 92 | 104 | 99 |
| Free Cash Flow | 2,175 | 1,113 | 1,960 | 2,521 | 2,329 | 1,586 | 5,529 | 6,252 | 4,737 | 3,136 | 13,388 | 7,786 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Others | 0.01% | 0.04% | 0.04% | 0.03% | 0.01% | 0.04% | 0.03% | 0.03% | 0.04% | 0.04% | 0.04% | 0.04% |
| Public | 2.9% | 3.18% | 4.68% | 7.82% | 5.81% | 6.01% | 5.12% | 4.28% | 4.47% | 4.05% | 3.93% | 4.05% |
| Promoters | 68.99% | 68.99% | 68.99% | 52.01% | 53.01% | 50.0% | 50.0% | 50.0% | 51.03% | 51.03% | 51.26% | 51.26% |
| Government | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.04% |
| FII | 21.41% | 20.71% | 16.4% | 23.15% | 24.19% | 26.15% | 26.42% | 27.51% | 26.21% | 25.92% | 25.1% | 23.2% |
| DII | 6.69% | 7.08% | 9.9% | 16.97% | 16.99% | 17.79% | 18.41% | 18.16% | 18.24% | 18.95% | 19.68% | 21.42% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Telecommunication — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Indus Towers Limited (this stock) | 100,029 | 14.0 | 2.53 | 18.6% |
| Tata Communications Ltd | 47,510 | 45.7 | 13.77 | 32.6% |
| Vodafone Idea Limited | 154,497 | — | -4.33 | — |
| Sterlite Technologies Ltd | 43,037 | 182.0 | 18.0 | 1.24% |
| Hfcl Limited | 33,122 | 57.8 | 6.75 | 6.98% |
| Iti Ltd | 24,180 | — | 12.68 | -8.86% |
| Tejas Networks Limited | 8,973 | — | 3.05 | -26.8% |
Which Mutual Funds Hold Indus Towers Limited?
Frequently Asked Questions about Indus Towers Limited
Indus Towers Limited (INDUSTOWER) closed at ₹374.65 on NSE on 25 September 2026, down 5.2 (1.37%) from the previous close.
Indus Towers Limited trades on the NSE (National Stock Exchange of India) under the symbol INDUSTOWER.
Indus Towers Limited has a trailing twelve-month P/E (price-to-earnings) ratio of 14.0.
Indus Towers Limited has a dividend yield of 3.69%.
Indus Towers Limited's 52-week high is ₹482.0 and its 52-week low is ₹338.0.
Indus Towers Limited has a market capitalisation of ₹100,029 crore.
Indus Towers Limited has a TopFund Quality Score of 76/100 (Good), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
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