Indus Towers Limited
Indus Towers Limited (INDUSTOWER) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Telecommunication›Telecommunication›Telecom - Services›Telecom - Infrastructure
industowers.com(opens the company website in a new tab)Key metrics
Price as of 2026-09-03
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,133 Cr | 7,199 Cr | 7,193 Cr | 7,383 Cr | 7,465 Cr | 7,547 Cr | 7,727 Cr | 8,058 Cr | 8,188 Cr | 8,146 Cr | 8,101 Cr | 8,431 Cr |
| Operating expenses (approx.) | 3,711 Cr | 3,615 Cr | 3,122 Cr | 2,879 Cr | 2,602 Cr | 589 Cr | 3,403 Cr | 3,708 Cr | 3,530 Cr | 3,595 Cr | 3,584 Cr | 3,826 Cr |
| EBITDA | 3,422 Cr | 3,584 Cr | 4,072 Cr | 4,504 Cr | 4,864 Cr | 6,958 Cr | 4,324 Cr | 4,350 Cr | 4,659 Cr | 4,551 Cr | 4,517 Cr | 4,605 Cr |
| OPM % | 48.0% | 49.8% | 56.6% | 61.0% | 65.2% | 92.2% | 56.0% | 54.0% | 56.9% | 55.9% | 55.8% | 54.6% |
| Other income | 97 Cr | 99 Cr | 109 Cr | 56 Cr | 114 Cr | 84 Cr | 92 Cr | 85 Cr | 83 Cr | 154 Cr | 155 Cr | 121 Cr |
| Interest | 246 Cr | 11 Cr | 127 Cr | 408 Cr | 418 Cr | 255 Cr | 360 Cr | 397 Cr | 462 Cr | 487 Cr | 469 Cr | 486 Cr |
| Depreciation | 1,526 Cr | 1,596 Cr | 1,565 Cr | 1,561 Cr | 1,580 Cr | 1,569 Cr | 1,693 Cr | 1,704 Cr | 1,801 Cr | 1,798 Cr | 1,838 Cr | 1,894 Cr |
| Profit before tax | 1,747 Cr | 2,077 Cr | 2,489 Cr | 2,592 Cr | 2,980 Cr | 5,219 Cr | 2,363 Cr | 2,334 Cr | 2,478 Cr | 2,420 Cr | 2,365 Cr | 2,347 Cr |
| Tax % | 25.9% | 25.8% | 25.5% | 25.7% | 25.4% | 23.3% | 24.7% | 25.6% | 25.8% | 26.6% | 24.2% | 25.6% |
| Net profit | 1,295 Cr | 1,541 Cr | 1,853 Cr | 1,926 Cr | 2,224 Cr | 4,003 Cr | 1,779 Cr | 1,737 Cr | 1,839 Cr | 1,776 Cr | 1,793 Cr | 1,746 Cr |
| EPS (₹) | ₹4.81 | ₹5.72 | ₹6.88 | ₹7.15 | ₹8.30 | ₹15.18 | ₹6.75 | ₹6.59 | ₹6.97 | ₹6.73 | ₹6.80 | ₹6.62 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,826 Cr | 6,743 Cr | 13,954 Cr | 27,717 Cr | 28,382 Cr | 28,601 Cr | 30,123 Cr | 32,493 Cr | Sign in for TTM |
| Operating expenses (approx.) | 3,714 Cr | 3,185 Cr | 6,775 Cr | 12,817 Cr | 18,713 Cr | 14,044 Cr | 9,473 Cr | 14,339 Cr | Sign in for TTM |
| EBITDA | 3,112 Cr | 3,558 Cr | 7,179 Cr | 14,901 Cr | 9,669 Cr | 14,557 Cr | 20,650 Cr | 18,155 Cr | Sign in for TTM |
| OPM % | 45.6% | 52.8% | 51.4% | 53.8% | 34.1% | 50.9% | 68.6% | 55.9% | Sign in for TTM |
| Other income | 102 Cr | 129 Cr | 197 Cr | 353 Cr | 361 Cr | 361 Cr | 346 Cr | 477 Cr | Sign in for TTM |
| Interest | -388 Cr | -2 Cr | 637 Cr | 1,497 Cr | 1,454 Cr | 735 Cr | 1,440 Cr | 1,893 Cr | Sign in for TTM |
| Depreciation | 1,066 Cr | 1,282 Cr | 2,848 Cr | 5,325 Cr | 5,324 Cr | 6,060 Cr | 6,402 Cr | 7,141 Cr | Sign in for TTM |
| Profit before tax | 3,553 Cr | 3,788 Cr | 4,757 Cr | 8,431 Cr | 2,759 Cr | 8,122 Cr | 13,154 Cr | 9,598 Cr | Sign in for TTM |
| Tax % | 29.8% | 12.9% | 20.6% | 24.4% | 26.1% | 25.7% | 24.5% | 25.6% | Sign in for TTM |
| Net profit | 2,494 Cr | 3,299 Cr | 3,779 Cr | 6,373 Cr | 2,040 Cr | 6,036 Cr | 9,932 Cr | 7,145 Cr | Sign in for TTM |
| EPS (₹) | ₹13.49 | ₹17.84 | ₹17.52 | ₹23.65 | ₹7.57 | ₹22.40 | ₹37.31 | ₹27.09 | Sign in for TTM |
| Dividend payout % | — | — | — | 0.0% | 145.3% | 0.0% | 0.0% | 0.0% | Sign in for TTM |
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1,850 Cr | 1,850 Cr | 2,695 Cr | 2,695 Cr | 2,695 Cr | 2,695 Cr | 2,638 Cr | 2,638 Cr |
| Reserves | 12,682 Cr | 11,693 Cr | 13,182 Cr | 19,456 Cr | 18,415 Cr | 24,344 Cr | 29,860 Cr | 37,008 Cr |
| Borrowings | — | — | 6,970 Cr | 5,487 Cr | 4,713 Cr | 4,312 Cr | 2,262 Cr | 921 Cr |
| Other liabilities | 2,599 Cr | 6,617 Cr | 22,096 Cr | 20,330 Cr | 20,750 Cr | 24,517 Cr | 28,410 Cr | 30,750 Cr |
| Total liabilities | 17,131 Cr | 20,159 Cr | 44,944 Cr | 47,968 Cr | 46,572 Cr | 55,868 Cr | 63,170 Cr | 71,316 Cr |
| Fixed assets (net) | — | — | 31,793 Cr | 31,791 Cr | 32,361 Cr | 39,287 Cr | 44,342 Cr | 49,466 Cr |
| CWIP | — | — | 274 Cr | 179 Cr | 355 Cr | 422 Cr | 567 Cr | 630 Cr |
| Investments | — | — | 2,271 Cr | 1,652 Cr | 276 Cr | 3 Cr | 1,486 Cr | 4,316 Cr |
| Inventories | — | — | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 8 Cr | 27 Cr |
| Trade receivables | — | — | 3,829 Cr | 7,059 Cr | 4,869 Cr | 6,451 Cr | 4,768 Cr | 4,939 Cr |
| Cash & bank | — | — | 15 Cr | 980 Cr | 22 Cr | 63 Cr | 150 Cr | 47 Cr |
| Other assets | 17,131 Cr | 20,159 Cr | 6,763 Cr | 6,307 Cr | 8,691 Cr | 9,642 Cr | 11,850 Cr | 11,891 Cr |
| Total assets | 17,131 Cr | 20,159 Cr | 44,944 Cr | 47,968 Cr | 46,572 Cr | 55,868 Cr | 63,170 Cr | 71,316 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 9,121 Cr | 7,905 Cr | 11,582 Cr | 19,645 Cr | 15,684 Cr |
| Cash from investing | — | — | — | -2,174 Cr | -1,730 Cr | -7,546 Cr | -10,910 Cr | -10,198 Cr |
| Cash from financing | — | — | — | -5,982 Cr | -7,133 Cr | -3,996 Cr | -8,648 Cr | -5,588 Cr |
| Net cash flow | — | — | — | 966 Cr | -958 Cr | 41 Cr | 87 Cr | -102 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 5,836 Cr | 4,282 Cr | 2,629 Cr | 12,861 Cr | 7,058 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 21.8% | 28.0% | 34.0% | 44.8% | 16.3% | 28.3% | 42.0% | 28.3% |
| ROE % | 17.2% | 24.4% | 23.8% | 0.0% | 9.7% | 22.3% | 30.6% | 18.0% |
| Debtor days | — | — | 100 | 93 | 62 | 82 | 58 | 55 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 728 | 1049 |
| Days payable | — | — | 85 | 28 | 27 | 29 | 234205 | 104597 |
| Cash conversion cycle | — | — | 15 | 65 | 35 | 53 | -233420 | -103493 |
| Debt / equity | — | — | 0.44 | 0.25 | 0.22 | 0.16 | 0.07 | 0.02 |
| Current ratio | — | — | 0.69 | 1.39 | 1.07 | 1.03 | 1.32 | 1.72 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.49 | 0.29 | 0.10 | 0.05 |
Compare with peers
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