Indus Towers balance sheet

As of Sep 2026

Total assets: ₹72,746cr+8.3% on Sep 2025
Shareholders' equity: ₹39,463cr+9.3% on Sep 2025
Total debt: ₹1,094cr−26.1% on Sep 2025
Cash and investments: ₹4,557cr+55.0% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	51,140	49,466	44,342	39,287	32,361
	854	630	567	422	355
	82.2	48.3	38.0	13.2	23.1
	10.4	10.4	0.0	2.8	0.0
	1,606	1,550	1,465	1,323	1,175
	1,616	1,561	1,465	1,326	1,175
	3.7	1.0	2.3	1,076	1,222
	4,224	4,092	3,826	3,254	2,730
	57,920	55,798	50,240	45,378	37,865
	54.9	26.8	7.6	0.0	0.0
	4,413	4,305	1,486	0.0	276
	4,794	4,939	4,768	6,451	4,869
	144	47.3	150	63.1	22.4
	27.5	1,505	1,706	0.0	0.0
	4,855	4,081	3,884	3,577	3,252
	14,233	14,878	11,994	10,091	8,419
	537	614	929	399	289
	14,826	15,518	12,930	10,490	8,708
	72,746	71,316	63,170	55,868	46,572
Equity
	2,638	2,638	2,638	2,695	2,695
	36,825	37,008	29,860	24,344	18,415
	39,463	39,646	32,498	27,039	21,110
	39,463	39,646	32,498	27,039	21,110
Liabilities
	0.0	0.0	153	1,504	2,434
	18,569	17,934	16,724	14,213	12,803
	18,569	17,934	16,877	15,717	15,237
	2,552	2,723	2,466	2,159	1,874
	967	767	407	0.0	0.0
	1,303	1,244	1,136	796	189
	23,391	22,668	20,885	18,672	17,300
	1,094	921	2,109	2,807	2,279
	2,819	2,672	2,445	2,280	2,122
	2,057	1,833	4,428	4,169	3,211
	5,970	5,427	8,983	9,256	7,611
	106	97.9	84.3	74.0	67.6
	243	147	132	182	66.6
	3,573	3,332	588	645	417
	9,892	9,003	9,787	10,157	8,163
	33,283	31,671	30,672	28,829	25,463
	72,746	71,316	63,170	55,868	46,572
Trade payables — MSME split
	66.9	67.5	45.3	—	—
	2,752	2,605	2,400	—	—

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

INDUSTOWER₹384.00

Indus Towers Ltd.

· Telecom & Media

₹ CrorePeersBHARTIARTL IDEA TATACOMM BHARTIHEXA ITI HFCL RAILTEL TEJASNETMcap ₹1.01L Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Non-current Assets
+ Property, Plant & Equipment	32,360.5	39,287.0	44,341.9	49,465.9	51,140.1
+ Capital Work-in-Progress	354.6	421.9	567.2	630.1	853.9
+ Other Intangibles	23.1	13.2	38.0	48.3	82.2
+ Non-current Investments	0.0	2.8	0.0	10.4	10.4
+ Other Non-current Financial Assets	1,175.2	1,323.3	1,465.3	1,550.3	1,605.9
Non-current Financial Assets	1,175.2	1,326.1	1,465.3	1,560.7	1,616.3
+ Deferred Tax Assets	1,221.8	1,075.6	2.3	1.0	3.7
+ Other Non-current Assets	2,729.6	3,253.8	3,825.7	4,091.7	4,224.1
Total Non-current Assets	37,864.8	45,377.6	50,240.4	55,797.7	57,920.3
Current Assets
+ Inventories	0.0	0.0	7.6	26.8	54.9
+ Current Investments	275.6	0.0	1,486.1	4,305.2	4,413.0
+ Trade Receivables	4,868.7	6,450.7	4,767.5	4,939.3	4,793.5
+ Cash & Cash Equivalents	22.4	63.1	149.7	47.3	144.0
+ Other Bank Balances	0.0	0.0	1,706.4	1,505.0	27.5
+ Other Current Financial Assets	3,251.8	3,576.8	3,883.9	4,081.0	4,855.3
Current Financial Assets	8,418.5	10,090.6	11,993.6	14,877.8	14,233.3
+ Other Current Assets	289.1	399.4	928.6	613.8	537.3
Total Current Assets	8,707.6	10,490.0	12,929.8	15,518.4	14,825.5
Total Assets	46,572.4	55,867.6	63,170.2	71,316.1	72,745.8
Equity
+ Equity Share Capital	2,694.9	2,694.9	2,638.1	2,638.1	2,638.1
+ Other Equity / Reserves	18,414.6	24,343.9	29,860.2	37,007.5	36,825.2
Equity — Owners of Parent	21,109.5	27,038.8	32,498.3	39,645.6	39,463.3
Total Equity	21,109.5	27,038.8	32,498.3	39,645.6	39,463.3
Liabilities
+ Borrowings — Non-current	2,434.0	1,504.4	153.2	0.0	0.0
+ Other Non-current Financial Liab	12,803.0	14,212.5	16,723.5	17,934.1	18,568.6
Non-current Financial Liabilities	15,237.0	15,716.9	16,876.7	17,934.1	18,568.6
+ Provisions — Non-current	1,873.8	2,159.2	2,465.6	2,722.7	2,552.2
+ Deferred Tax Liabilities	0.0	0.0	407.2	767.2	967.2
+ Other Non-current Liabilities	189.3	796.2	1,135.6	1,243.5	1,302.6
Non-current Liabilities	17,300.1	18,672.3	20,885.1	22,667.5	23,390.6
+ Borrowings — Current	2,278.6	2,807.4	2,109.2	920.9	1,094.0
+ Trade Payables	2,121.9	2,279.7	2,445.0	2,672.4	2,819.3
+ Other Current Financial Liab	3,210.9	4,168.7	4,428.4	1,833.3	2,057.1
Current Financial Liabilities	7,611.4	9,255.8	8,982.6	5,426.6	5,970.4
+ Provisions — Current	67.6	74.0	84.3	97.9	106.1
+ Current Tax Liabilities	66.6	181.8	132.3	146.9	242.9
+ Other Current Liabilities	417.2	644.9	587.6	3,331.6	3,572.5
Current Liabilities	8,162.8	10,156.5	9,786.8	9,003.0	9,891.9
Total Liabilities	25,462.9	28,828.8	30,671.9	31,670.5	33,282.5
Total Equity & Liabilities	46,572.4	55,867.6	63,170.2	71,316.1	72,745.8
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	45.3	67.5	66.9
+ Dues to Other Creditors — Current	—	—	2,399.7	2,604.9	2,752.4

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.