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Indus Towers Ltd share Price Today

Company details

283.25
292.75
135.80
292.75
6M Return 52.31%
1Y Return 96.19%
Mkt Cap.(Cr) 78,463.09
Volume 20,460,251
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 20,460,251

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Telecom Services company Indus Towers announced Q3FY24 results:

  • Total Macro Tower base of 2,11,775 with closing sharing factor of 1.70
  • Consolidated Revenues at Rs 7,199 crore, up 6.4% YoY
  • Consolidated EBITDA at Rs 3,622 crore, up more than 2x YoY
  • Consolidated Profit after Tax at Rs 1,541 crore, compared to a loss of Rs 708 crore in the corresponding quarter of the previous year
  • The Return on Capital Employed improved to 19.2% as against 12.5% on a YoY basis.
  • Q3FY23 had an impact of Rs 2,270 crore due to provision for doubtful debts and Rs 493 crore from an exceptional item.

Prachur Sah, Managing Director and CEO, Indus Towers, said: “Our third consecutive quarter of record tower additions demonstrated our robust operational performance. This was mirrored in the strong financial performance, which was further supplemented by steady collections.

We expect our major customer’s focus on its network expansion and the ongoing 5G rollouts to continue yielding growth opportunities for us in the near term. Our timely investments to capitalize on these opportunities will generate long-term returns for our shareholders.”

Result PDF

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Indus Towers Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • New 52 week high today
  • Companies with rising net profit margins - quarterly as well as TTM basis

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (3)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • Companies with growing costs YoY for long term projects

Resistance and support

R1 294.9
R2 298.6
R3 304.4
Pivot

289.05

S1 285.4
S2 279.6
S3 275.9
EMA SMA
257.7
240.4
222.8
205.6
258.1
237.5
215.9
195.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ARTISAN INTERNATIONAL VALUE FUND Bulk Sell 2024-02-07 215.1 33346663 BSE
PATRONUS TRADETECH LLP Bulk Purchase 2024-02-01 212.24 14989924 BSE
PATRONUS TRADETECH LLP Bulk Purchase 2024-02-01 215.21 212021 NSE
Name Category Shares
BHARTI AIRTEL LIMITED PROMOTER 47.95%
PRIME METALS LTD PROMOTER 4.16%
MOBILVEST PROMOTER 3.19%
VODAFONE TELECOMMUNICATIONS (INDIA) LTD PROMOTER 3.09%
TRANS CRYSTAL LTD PROMOTER 2.78%
OMEGA TELECOM HOLDINGS PVT LTD PROMOTER 2.31%
ASIAN TELECOMMUNICATION INVESTMENTS (MAURITIUS) LT PROMOTER 1.86%
AL-AMIN INVESTMENTS LTD PROMOTER 1.55%
CCII (MAURITIUS) INC PROMOTER 0.85%
USHA MARTIN TELEMATICS LIMITED PROMOTER 0.75%
EURO PACIFIC SECURITIES LTD PROMOTER 0.51%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Indus Towers Ltd Stocks COMPARISON

Financials( in Cr) Indus Towers Ltd ITI Ltd Tejas Networks Ltd Avantel Ltd GTL Infrastructure Ltd
Price 291.15 252.70 656.40 99.00 1.60
% Change 2.66 -0.45 -0.70 0 0
Mcap Cr 78,463.09 24,281.61 11,163.99 2,408.37 2,049.12
Revenue TTM Cr 28,381.80 1,395.45 919.57 154.45 1,457.86
Net Profit TTM Cr 2,040.00 -359.85 -36.41 26.84 -1,816.91
PE TTM 14.06 0.00 0.00 48.06 0.00
1 Year Return 96.19 178.15 15.72 292.55 146.15
ROCE 10.18 0.00 0.00 35.07 0.00
ROE 9.43 0.00 0.00 28.25 0.00
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 21,109.50 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24

Indus Towers Ltd Information

Stock PE (TTM)
14.06
Promoter Holding
69%
Book Value
87.9387
ROCE
10.18%
ROE
9.43%
Description
  • Indus Towers Ltd. was formed by the merger of Indus Towers and Bharti Infratel Ltd. It is one of the world’s largest telecom tower companies. The company was incorporated in 2006, and its headquarters are in Gurgaon. For the quarter ended June 2022, Indus Towers Ltd.’s total income was Rs 6,989.80 crore, down 3.26% from its total income of Rs 7,225.30 crore in the quarter ended March 2022. On 19 August 2022, the company’s market capitalisation stood at Rs 53,009 crore.  

    The company’s Bombay Stock Exchange listing code is 534816, and the National Stock Exchange listing code is INDUSTOWER. It is also listed on the MCX Stock Exchange.  

    Indus Towers Ltd. provides towers and related infrastructure. It installs, owns, and controls telecom towers and communication structures for many mobile operators. It had more than 186,474 towers, 336,382 co-locations, and a nationwide presence covering 22 telecom services (as on 30 June 2022). The company’s leading customers are Bharti Airtel Ltd., Reliance Jio Infocomm Ltd., and Vodafone Idea Ltd.  

    The company’s shareholding pattern on 30 June 2022 indicated a 68.81% promoter stake, 26.62% foreign institutional investor stake, 2.96% domestic institutional investor stake, and 1.58% public stake. The promoter’s pledge was 30.58%. Bharti Airtel Ltd. is the leading promoter with a 24.94% share, followed by Nettle Infrastructure Investment Ltd. with a 22.83% share.  

    Indus Towers Ltd.’s managing director and CEO is Mr Bimal Dayal. Mr N Kumar is the chairman of the company. The other board members include Mr Thomas Reisten, Mr Randeep Singh Sekhon, Mr Harjeet Singh Kohli, Mr Sharad Bhansali, Mr Sonu Bhasin, Mr Gopal Vittal, and Ms Anita Kapur. The company’s auditors are Deloitte Haskins & Sells LLP. As on 30 June 2022, the company had a total of 269.49 crore shares outstanding.  

    On 19 August 2022, Indus Towers Ltd.’s share price closed at Rs 196.75 on BSE and at Rs 196.70 on NSE. The 52-week high for Indus Towers Ltd.’s share price was Rs 332.80, and the 52-week low was Rs 181.20.  

    As of July 2022, the company’s mutual fund holdings included Nippon India ETF Nifty Next 50 Junior BeES, ICICI Prudential Nifty Next 50 Index Fund, UTI-Nifty Next 50 Index Fund, and HDFC Nifty Next 50 Index Fund with 1.68% stake, 1.68% stake, 1.67% stake, and 1.67% stake, respectively. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

901 Park Centra, Sector-30 NH-8, Gurugram, Haryana, 120001

Tel : 91-124-4132600
Email : compliance.officer:industowers.com
Website : http://www.industowers.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 534816
NSE Code : INDUSTOWER
Book Closure Date (Month) :
BSE Group : A
ISIN : INE121J01017

FAQ’s on Indus Towers Ltd Shares

You can buy Indus Towers Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Indus Towers Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:59 PM the closing price of Indus Towers Ltd was ₹ 291.15.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:59 PM, the market cap of Indus Towers Ltd stood at ₹ 78,463.09.

The latest PE ratio of Indus Towers Ltd as of Mar 28, 2024 03:59 PM is 14.06

The latest PB ratio of Indus Towers Ltd as of Mar 28, 2024 03:59 PM is 0.30

The 52-week high of Indus Towers Ltd share price is ₹ 292.75 while the 52-week low is ₹ 135.80

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