About
Indus Towers Limited, a telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia. It offers ground base towers, smart poles, and rooftop tower; and energy supply to telecom equipment, as well as engages in site acquisition from state governments, military, establishments, educational institutions, municipalities, households, transportation authorities, and private enterprises. The company also provides smart digital infrastructure, which includes smart poles LED lights, CCTV cameras, variable digital messaging board, environment sensors, and city public Wi-Fi services, including fiber backbone. In addition, it offers grid energy, diesel, and renewable energy and energy storage; small cells, FTTH, and one web; in-building solutions; and other projects. The company was formerly known as Bharti Infratel Limited and changed its name to Indus Towers Limited in December 2020. Indus Towers Limited was incorporated in 2006 and is based in Gurugram, India. Indus Towers Limited operates as a subsidiary of Bharti Airtel Limited.
Key Metrics
as of Sep 2026Market Cap99,260 Cr
P/E13.90
Div Yield3.72 %
Book Value₹150.00
52w High₹482.00
52w Low₹324.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,431.00 | 8,101.00 | 8,146.00 | 8,188.00 | 8,058.00 | 7,727.00 | 7,547.00 | 7,465.00 | 7,383.00 | 7,193.00 | 7,199.00 | 7,132.00 | 7,076.00 |
| Expenses | 3,955.00 | 3,683.00 | 3,681.00 | 3,620.00 | 3,712.00 | 3,407.00 | 593.00 | 2,603.00 | 2,879.00 | 3,122.00 | 3,615.00 | 3,711.00 | 3,596.00 |
| Operating Profit | 4,476.00 | 4,418.00 | 4,465.00 | 4,568.00 | 4,346.00 | 4,320.00 | 6,954.00 | 4,862.00 | 4,504.00 | 4,071.00 | 3,584.00 | 3,422.00 | 3,480.00 |
| OPM % | 53.00 | 55.00 | 55.00 | 56.00 | 54.00 | 56.00 | 92.00 | 65.00 | 61.00 | 57.00 | 50.00 | 48.00 | 49.00 |
| Other Income | 121.00 | 156.00 | 154.00 | 83.00 | 85.00 | 92.00 | 84.00 | 114.00 | 56.00 | 108.00 | 99.00 | 97.00 | 56.00 |
| Depreciation | 1,893.00 | 1,837.00 | 1,798.00 | 1,800.00 | 1,704.00 | 1,692.00 | 1,568.00 | 1,580.00 | 1,560.00 | 1,564.00 | 1,595.00 | 1,525.00 | 1,372.00 |
| Interest | 358.00 | 376.00 | 403.00 | 376.00 | 396.00 | 360.00 | 255.00 | 418.00 | 408.00 | 127.00 | 11.00 | 246.00 | 352.00 |
| Profit before tax | 2,347.00 | 2,360.00 | 2,418.00 | 2,475.00 | 2,331.00 | 2,360.00 | 5,216.00 | 2,979.00 | 2,592.00 | 2,489.00 | 2,077.00 | 1,747.00 | 1,813.00 |
| Tax % | 26.00 | 24.00 | 27.00 | 26.00 | 26.00 | 25.00 | 23.00 | 25.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 |
| Net Profit | 1,745.00 | 1,789.00 | 1,774.00 | 1,837.00 | 1,734.00 | 1,776.00 | 3,997.00 | 2,222.00 | 1,926.00 | 1,853.00 | 1,541.00 | 1,295.00 | 1,351.00 |
| EPS in Rs | 6.62 | 6.78 | 6.73 | 6.96 | 6.57 | 6.73 | 15.15 | 8.42 | 7.15 | 6.88 | 5.72 | 4.81 | 5.01 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32,493.00 | 30,123.00 | 28,601.00 | 28,382.00 | 27,708.00 | 13,951.00 | 6,738.00 | 6,822.00 | 6,618.00 | 6,085.00 | 5,558.00 | 5,389.00 |
| Expenses | 14,696.00 | 9,482.00 | 14,044.00 | 18,713.00 | 12,820.00 | 6,773.00 | 3,181.00 | 3,708.00 | 3,462.00 | 3,260.00 | 3,070.00 | 2,995.00 |
| Operating Profit | 17,797.00 | 20,641.00 | 14,557.00 | 9,669.00 | 14,888.00 | 7,178.00 | 3,557.00 | 3,114.00 | 3,156.00 | 2,825.00 | 2,488.00 | 2,394.00 |
| OPM % | 55.00 | 69.00 | 51.00 | 34.00 | 54.00 | 51.00 | 53.00 | 46.00 | 48.00 | 46.00 | 45.00 | 44.00 |
| Other Income | 819.00 | 764.00 | 1,490.00 | 85.00 | 458.00 | 816.00 | 466.00 | 1,668.00 | 1,297.00 | 1,716.00 | 572.00 | 1,995.00 |
| Interest | 1,893.00 | 1,858.00 | 1,864.00 | 1,670.00 | 1,602.00 | 835.00 | 333.00 | 53.00 | 46.00 | 39.00 | 33.00 | -6.00 |
| Depreciation | 7,139.00 | 6,400.00 | 6,056.00 | 5,322.00 | 5,320.00 | 2,843.00 | 1,277.00 | 1,064.00 | 1,180.00 | 1,166.00 | 1,155.00 | 1,122.00 |
| Profit before tax | 9,584.00 | 13,147.00 | 8,127.00 | 2,762.00 | 8,424.00 | 4,316.00 | 2,412.00 | 3,665.00 | 3,227.00 | 3,336.00 | 1,872.00 | 3,274.00 |
| Tax % | 26.00 | 25.00 | 26.00 | 26.00 | 24.00 | 23.00 | 28.00 | 24.00 | 25.00 | 19.00 | 29.00 | 17.00 |
| Net Profit | 7,135.00 | 9,922.00 | 6,041.00 | 2,043.00 | 6,367.00 | 3,338.00 | 1,747.00 | 2,779.00 | 2,414.00 | 2,705.00 | 1,327.00 | 2,725.00 |
| EPS in Rs | 27.04 | 37.61 | 22.42 | 7.58 | 23.63 | 12.39 | 9.44 | 15.02 | 13.05 | 14.62 | 7.00 | 14.39 |
| Dividend Payout % | 52.00 | 0.00 | 0.00 | 0.00 | 47.00 | 162.00 | 111.00 | 100.00 | 107.00 | 109.00 | 43.00 | 76.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2,638.00 | 2,638.00 | 2,695.00 | 2,695.00 | 2,695.00 | 2,695.00 | 1,850.00 | 1,850.00 | 1,850.00 | 1,850.00 | 1,897.00 | 1,894.00 |
| Reserves | 37,041.00 | 29,899.00 | 24,379.00 | 18,440.00 | 19,481.00 | 13,202.00 | 12,031.00 | 13,815.00 | 15,876.00 | 14,388.00 | 17,033.00 | 16,070.00 |
| Borrowings | 21,127.00 | 21,156.00 | 20,531.00 | 19,185.00 | 19,726.00 | 21,560.00 | 4,608.00 | 6.00 | 0.00 | 278.00 | 0.00 | 0.00 |
| Other Liabilities | 10,548.00 | 9,518.00 | 8,296.00 | 6,276.00 | 6,087.00 | 7,490.00 | 1,583.00 | 2,414.00 | 2,479.00 | 4,947.00 | 2,252.00 | 4,258.00 |
| Total Liabilities | 71,354.00 | 63,210.00 | 55,901.00 | 46,595.00 | 47,988.00 | 44,947.00 | 20,072.00 | 18,084.00 | 20,204.00 | 21,463.00 | 21,182.00 | 22,222.00 |
| Fixed Assets | 49,512.00 | 44,375.00 | 39,294.00 | 32,373.00 | 31,814.00 | 31,770.00 | 6,679.00 | 5,325.00 | 5,589.00 | 5,791.00 | 6,063.00 | 6,470.00 |
| CWIP | 623.00 | 567.00 | 422.00 | 354.00 | 177.00 | 271.00 | 53.00 | 104.00 | 100.00 | 58.00 | 70.00 | 68.00 |
| Investments | 4,336.00 | 1,506.00 | 23.00 | 291.00 | 1,667.00 | 2,286.00 | 11,492.00 | 10,842.00 | 12,830.00 | 11,666.00 | 10,486.00 | 11,924.00 |
| Other Assets | 16,883.00 | 16,762.00 | 16,163.00 | 13,577.00 | 14,330.00 | 10,619.00 | 1,847.00 | 1,813.00 | 1,685.00 | 3,947.00 | 4,562.00 | 3,759.00 |
| Total Assets | 71,354.00 | 63,210.00 | 55,901.00 | 46,595.00 | 47,988.00 | 44,947.00 | 20,072.00 | 18,084.00 | 20,204.00 | 21,463.00 | 21,182.00 | 22,222.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 15,665.00 | 19,638.00 | 11,583.00 | 7,907.00 | 9,112.00 | 7,477.00 | 2,305.00 | 2,042.00 | 2,471.00 | 1,915.00 | 1,980.00 | 1,721.00 |
| Cash from Investing Activity | -10,237.00 | -10,925.00 | -7,565.00 | -1,739.00 | -2,182.00 | 1,804.00 | -1,009.00 | 2,718.00 | -855.00 | 718.00 | 1,476.00 | 1,076.00 |
| Cash from Financing Activity | -5,554.00 | -8,622.00 | -3,982.00 | -7,126.00 | -5,964.00 | -9,381.00 | -1,179.00 | -4,796.00 | -3,556.00 | -2,671.00 | -1,453.00 | -2,838.00 |
| Net Cash Flow | -127.00 | 91.00 | 36.00 | -958.00 | 967.00 | -99.00 | 117.00 | -36.00 | -1,940.00 | -38.00 | 2,003.00 | -41.00 |
| Free Cash Flow | 7,774.00 | 13,381.00 | 3,137.00 | 4,739.00 | 6,239.00 | 5,527.00 | 1,577.00 | 1,220.00 | 1,532.00 | 1,010.00 | 1,112.00 | 781.00 |
| CFO/OP % | 99.00 | 104.00 | 92.00 | 105.00 | 74.00 | 119.00 | 80.00 | 92.00 | 104.00 | 96.00 | 107.00 | 93.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55.00 | 58.00 | 82.00 | 63.00 | 93.00 | 100.00 | 20.00 | 29.00 | 15.00 | 18.00 | 13.00 | 23.00 |
| Cash Conversion Cycle | 55.00 | 58.00 | 82.00 | 63.00 | 93.00 | 100.00 | 20.00 | 29.00 | 15.00 | 18.00 | 13.00 | 23.00 |
| Working Capital Days | 8.00 | -2.00 | 4.00 | 3.00 | 11.00 | -173.00 | -148.00 | -24.00 | -39.00 | -194.00 | -39.00 | -137.00 |
| ROCE % | 19.00 | 29.00 | 22.00 | 11.00 | 25.00 | 18.00 | 14.00 | 20.00 | 20.00 | 16.00 | 8.00 | 17.00 |
Corporate Actions
21 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 10 Aug 2026 | 10 Aug 2026 | — | 14.00 | |
| Other | 09 Aug 2024 | 09 Aug 2024 | — | — | Buy Back of Shares |
| Other | 09 Aug 2024 | 09 Aug 2024 | — | — | Buy Back |
| Dividend | 13 May 2022 | 17 May 2022 | — | 11.00 | |
| Dividend | 08 Feb 2021 | 09 Feb 2021 | — | 17.82 | |
| Dividend | 05 Aug 2020 | 06 Aug 2020 | — | 2.30 | |
| Dividend | 05 May 2020 | 06 May 2020 | — | 4.10 | |
| Dividend | 19 Dec 2019 | 20 Dec 2019 | — | 2.75 | |
| Dividend | 22 Aug 2019 | 23 Aug 2019 | — | 3.65 | |
| Dividend | 07 May 2019 | 08 May 2019 | — | 7.50 | |
| Dividend | 01 Nov 2018 | 03 Nov 2018 | — | 7.50 | |
| Dividend | 19 Jul 2018 | 20 Jul 2018 | — | 14.00 | |
| Dividend | 20 Jul 2017 | 21 Jul 2017 | — | 4.00 | |
| Dividend | 31 Mar 2017 | 03 Apr 2017 | — | 12.00 | |
| Dividend | 09 Aug 2016 | 10 Aug 2016 | — | 3.00 | |
| Other | 15 Jun 2016 | 16 Jun 2016 | — | — | Buy Back of Shares |
| Other | 15 Jun 2016 | 16 Jun 2016 | — | — | Buy-Back Of Shares |
| Dividend | 03 Aug 2015 | — | — | 6.50 | |
| Dividend | 24 Jul 2014 | — | — | 4.50 | NSE/BSE dividend mismatch: BSE/NSE=4.4; BSE/NSE=4.5 |
| Dividend | 24 Jul 2014 | — | — | 4.40 | NSE/BSE dividend mismatch: BSE/NSE=4.4; BSE/NSE=4.5 |
| Dividend | 20 Jun 2013 | — | — | 3.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update17 Jul from crisil
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Rating update18 Jul 2025 from crisil
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Rating update21 Feb 2025 from crisil
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Rating update23 Feb 2024 from crisil
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Rating update23 Feb 2023 from crisil
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Rating update28 Feb 2022 from crisil
Conference Calls
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