Indus Towers Key Ratios
NSE: INDUSTOWER | BSE: 534816
₹380.00
As on 28-Aug-2026IST
Market cap
₹99,934 Cr
Revenue (TTM)
₹32,867 Cr
P/E Ratio
14
P/B Ratio
2.4
Div. Yield
3.7 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 4.07 | 4.64 | 6.72 | 4.79 | 11.45 |
| EBIT | -0.05 | -2.29 | -23.93 | 24.29 | 12.10 |
| Net Profit | -2.63 | 0.52 | -26.57 | 29.72 | 9.76 |
| EPS | -2.63 | 0.52 | -26.57 | 35.92 | 8.65 |
| Book Value | -- | -- | 21.98 | 24.25 | 20.59 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 30.64 | 28.27 | 32.29 | 32.06 | 30.44 |
| Net Margin
| 22.97 | 19.70 | 21.18 | 21.29 | 27.62 |
| Return on equity
| 26.10 | 24.25 | 18.89 | 19.82 | 33.38 |
| Return on Capital
| 36.95 | 33.25 | -- | 30.51 | 45.41 |
| Return on Assets
| 13.17 | 11.52 | 10.64 | 10.63 | 16.84 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.02 | 0.07 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
--
|
30.51
|
45.41
|
34.93
|
16.57
|
|
Peer Median
|
16.57
|
--
|
--
|
--
|
--
|
ROE
18.89
Higher than Peers by 9.45
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
18.89
|
19.82
|
33.38
|
25.09
|
9.44
|
|
Peer Median
|
9.44
|
--
|
--
|
--
|
--
|
ROA
10.64
Higher than Peers by 7.45
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
10.64
|
10.63
|
16.84
|
12.06
|
4.37
|
|
Peer Median
|
3.19
|
--
|
--
|
--
|
--
|
EBIT Margin
32.29
Higher than Peers by 12.93
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
32.29
|
32.06
|
30.44
|
29.43
|
15.31
|
|
Peer Median
|
19.35
|
--
|
--
|
--
|
--
|
Net Margin
21.18
Higher than Peers by 14.14
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
21.18
|
21.29
|
27.62
|
20.01
|
7.04
|
|
Peer Median
|
7.04
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
--
|
43.97
|
54.22
|
42.29
|
25.95
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
6.72
Higher than Peers by 0.06
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
6.72
|
7.87
|
5.32
|
0.77
|
2.40
|
|
Peer Median
|
6.66
|
--
|
--
|
--
|
--
|
EBIT Growth
-23.93
Lower than Peers by 31.45
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
-23.93
|
13.58
|
8.97
|
93.70
|
-54.07
|
|
Peer Median
|
7.52
|
--
|
--
|
--
|
--
|
Net Profit Growth
-26.57
Lower than Peers by 20.83
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
-26.57
|
-28.06
|
64.54
|
195.89
|
-67.99
|
|
Peer Median
|
-5.74
|
--
|
--
|
--
|
--
|
EPS Growth
-26.57
Lower than Peers by 48.79
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
-26.57
|
-28.06
|
68.08
|
195.89
|
-67.99
|
|
Peer Median
|
22.22
|
--
|
--
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
--
|
21.98
|
20.19
|
28.09
|
-4.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
--
|
0.02
|
0.07
|
0.16
|
0.22
|
|
Peer Median
|
0.22
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
--
|
0.02
|
0.03
|
0.03
|
0.04
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.72
Higher than Peers by 1.25
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
1.72
|
1.72
|
1.32
|
1.03
|
1.07
|
|
Peer Median
|
0.47
|
--
|
--
|
--
|
--
|
Quick Ratio
1.72
Higher than Peers by 1.25
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
1.72
|
1.72
|
1.32
|
1.03
|
1.07
|
|
Peer Median
|
0.47
|
--
|
--
|
--
|
--
|
Interest Coverage
6.05
Higher than Peers by 4.19
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
6.05
|
6.07
|
8.08
|
5.36
|
2.65
|
|
Peer Median
|
1.86
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
15.03
Higher than Peers by 5.28
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
15.03
|
15.20
|
15.83
|
22.55
|
17.15
|
|
Peer Median
|
9.75
|
--
|
--
|
--
|
--
|
Asset Turnover
0.49
Lower than Peers by 0.12
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
0.49
|
0.48
|
0.51
|
0.57
|
0.61
|
|
Peer Median
|
0.60
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
--
|
54.52
|
67.97
|
72.23
|
76.69
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
--
|
0.19
|
0.09
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
--
|
54.71
|
68.06
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
13.97
Lower than Peers by 52.76
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
13.97
|
15.43
|
8.87
|
13.00
|
18.90
|
|
Peer Median
|
66.73
|
--
|
--
|
--
|
--
|
Price / Book Value
2.42
Higher than Peers by 0.11
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
2.42
|
2.78
|
2.71
|
2.90
|
1.83
|
|
Peer Median
|
2.30
|
--
|
--
|
--
|
--
|
Dividend Yield
3.70
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
3.70
|
3.35
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
5.27
Lower than Peers by 14.94
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
5.27
|
5.88
|
4.14
|
5.15
|
4.22
|
|
Peer Median
|
20.21
|
--
|
--
|
--
|
--
|
Market Cap
99,934
Higher than Peers by 44,916
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indus Towers
|
99,934
|
1,10,259
|
88,139
|
78,463
|
38,565
|
|
Peer Median
|
55,018
|
--
|
--
|
--
|
--
|