ScoreWhy is Indus Towers Ltd ?
1
High Management Efficiency with a high ROCE of 20.01%
2
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.27 times
3
Healthy long term growth as Net Sales has grown by an annual rate of 18.42% and Operating profit at 19.86%
4
Flat results in Mar 26
- PAT(Latest six months) At Rs 3,568.80 cr has Grown at -38.28%
- ROCE(HY) Lowest at 18.41%
- PBT LESS OI(Q) Lowest at Rs 2,210.10 cr.
5
Stock is technically in a Mildly Bullish range
- The technical trend has improved from Sideways on 17-Jun-26
- A key technical factor - MACD has been Bullish since 17 Jun 2026
6
With ROCE of 19.5, it has a Expensive valuation with a 2.3 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 5.59%, its profits have fallen by -28.1%
7
High Institutional Holdings at 44.77%
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Indus Towers should be less than 10%
- Overall Portfolio exposure to Telecom - Equipment & Accessories should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Telecom - Equipment & Accessories)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Indus Towers for you?
Medium Risk, High Return
Absolute
Risk Adjusted
Volatility
Indus Towers
5.79%
0.21
26.65%
Sensex
-4.88%
-0.39
13.26%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
18.42%
EBIT Growth (5y)
19.86%
EBIT to Interest (avg)
7.43
Debt to EBITDA (avg)
1.42
Net Debt to Equity (avg)
0.39
Sales to Capital Employed (avg)
0.62
Tax Ratio
25.56%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
44.77%
ROCE (avg)
19.93%
ROE (avg)
22.34%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
15
Industry P/E
22
Price to Book Value
2.75
EV to EBIT
11.62
EV to EBITDA
6.97
EV to Capital Employed
2.27
EV to Sales
3.83
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
19.51%
ROE (Latest)
18.02%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
No Trend
No Trend
OBV
Mildly Bearish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend5What is working for the Company
DEBT-EQUITY RATIO(HY)
Lowest at 0.53 times
DEBTORS TURNOVER RATIO(HY)
Highest at 6.58 times
-8What is not working for the Company
PAT(Latest six months)
At Rs 3,568.80 cr has Grown at -38.28%
ROCE(HY)
Lowest at 18.41%
PBT LESS OI(Q)
Lowest at Rs 2,210.10 cr.
Loading Valuation Snapshot...
Here's what is working for Indus Towers
Debt-Equity Ratio - Half Yearly
Lowest at 0.53 times and Fallen
each half year in the last five half yearly periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Debtors Turnover Ratio- Half Yearly
Highest at 6.58 times and Grown
each half year in the last five half yearly periodsMOJO Watch
Company has been able to settle its Debtors faster
Debtors Turnover Ratio
Here's what is not working for Indus Towers
Profit After Tax (PAT) - Latest six months
At Rs 3,568.80 cr has Grown at -38.28%
Year on Year (YoY)MOJO Watch
Near term PAT trend is negative
PAT (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
Lowest at Rs 2,210.10 cr.
in the last five quartersMOJO Watch
Near term PBT trend is negative
PBT less Other Income (Rs Cr)
Non Operating Income - Quarterly
Highest at Rs 155.20 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income
