Market closed · data as of 27 Aug 2026 · source NSE via Alphave. Open the live chart →
Indus Towers is India's largest telecom tower company, providing passive infrastructure — towers, power and site management — to mobile operators on long-term lease contracts. Bharti Airtel is its controlling shareholder after Vodafone Group sold down its stake. Revenue is driven by tenancies (co-locations) from Airtel and Vodafone Idea and energy reimbursements; Vodafone Idea's financial health remains the key receivables and tenancy risk, while 5G densification supports rollout-linked growth.
It is one of the largest tower companies in the world by tower count, with over 200,000 towers across India.
Indus Towers Ltd. is a constituent of NIFTY 200, NIFTY 500, NIFTY INFRA, NIFTY MIDCAP 100, NIFTY MIDCAP 150, NIFTY MIDCAP 50, NIFTY MIDCAP SELECT. See where it sits on the market heatmap →
Consolidated annual figures taken from Indus Towers Ltd.'s own filed statements — not estimates, and not restated by us. The most recent period shown is FY26 (year ended 31 Mar 2026).
| Metric | FY26 | FY25 | FY24 |
|---|---|---|---|
| EPS (basic, ₹) | 27.09 | 37.31 | 22.40 |
| Book value / share (₹) | 150.28 | 123.19 | 100.33 |
| Return on equity | 18.0% | 30.6% | 22.3% |
| Return on capital employed | 17.7% | 26.7% | 18.6% |
| Operating margin | 33.9% | 47.3% | 29.7% |
| Net margin | 22.0% | 33.0% | 21.1% |
| EBITDA | ₹18,155 Cr | ₹20,650 Cr | ₹14,557 Cr |
| Free cash flow | ₹7,058 Cr | ₹12,861 Cr | ₹2,629 Cr |
| Total debt | ₹921 Cr | ₹2,262 Cr | ₹4,312 Cr |
| Debt to equity | 0.02 | 0.07 | 0.16 |
| Interest coverage | 5.8 | 9.9 | 11.6 |
| Current ratio | 1.72 | 1.32 | 1.03 |
| Shares outstanding | 2,63,81,00,000 | 2,63,81,00,000 | 2,69,49,00,000 |
Open the full income statement, balance sheet and cash flow for INDUSTOWER →
As disclosed for the quarter ended 30 Jun 2026.
Institutional ownership changes quarter to quarter. See daily FII and DII flows across the market →
Companies Alphave classifies in the same sub-sector, closest by market capitalisation.