Indus Towers enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


98,401	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
4,557	4,353	1,636	63.1	298
921	921	2,262	4,312	4,713
94,765	—	—	—	—
−3,636	−3,432	627	4,249	4,415
₹359.22	—	—	—	—

40,384	40,567	34,761	31,351	25,822
2.3%	2.3%	6.5%	13.8%	18.3%
0.01×	—	—	—	—

2.85×	—	—	—	—
5.16×	—	—	—	—
8.69×	—	—	—	—
13.43×	—	—	—	—
33,194	32,493	30,123	28,601	28,382
18,377	18,155	20,650	14,557	9,669
10,904	11,014	14,248	8,497	4,345
—	15,684	19,645	11,582	7,905
7,058	7,058	12,861	2,629	4,282
—	6,622	12,793	2,525	4,187
—	8,626	6,784	8,953	3,623

Open the chart

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

alphave

INDUSTOWER₹373.00

Indus Towers Ltd.

· Telecom & Media

₹ CrorePeersBHARTIARTL IDEA TATACOMM BHARTIHEXA ITI HFCL RAILTEL TEJASNETMcap ₹98,401 Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Current/LTM TTM · last close
Market Capitalization	—	—	—	—	98,401.1
- Cash, Equiv & ST Investments	298.0	63.1	1,635.8	4,352.5	4,557.0
+ Total Debt	4,712.6	4,311.8	2,262.4	920.9	920.9
Enterprise Value	—	—	—	—	94,765.0
Net Debt (memo)	4,414.6	4,248.7	626.6	-3,431.6	-3,636.1
EV per Share	—	—	—	—	359.22

Total Capital	25,822.1	31,350.6	34,760.7	40,566.5	40,384.2
Total Debt/Total Capital	18.25	13.75	6.51	2.27	2.28
Total Debt/EV	—	—	—	—	0.01

EV/Sales	—	—	—	—	2.85
EV/EBITDA	—	—	—	—	5.16
EV/EBIT	—	—	—	—	8.69
EV/Free Cash Flow	—	—	—	—	13.43
Reference Items — Trailing FY Values
Sales	28,381.8	28,600.6	30,122.8	32,493.1	33,194.0
EBITDA	9,668.6	14,556.6	20,650.0	18,154.6	18,376.9
EBIT	4,344.7	8,496.7	14,247.9	11,013.8	10,903.8
Operating Cash Flow	7,904.8	11,582.1	19,645.0	15,684.0	—
Free Cash Flow	4,282.2	2,629.2	12,861.0	7,058.2	7,058.2
FCFF (free cash flow to the firm)	4,186.6	2,524.8	12,793.3	6,621.8	—
Capital Expenditure	3,622.6	8,952.9	6,784.0	8,625.8	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

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%.