Indus Towers Limited

BSE:534816 Stock Report

Market Cap: ₹1.0t

Indus Towers Valuation

Is 534816 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 534816 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 534816 (₹391.85) is trading below our estimate of future cash flow value (₹559.58)

Significantly Below Future Cash Flow Value: 534816 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 534816?

Key metric: As 534816 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 534816. This is calculated by dividing 534816's market cap by their current earnings.
What is 534816's PE Ratio?
PE Ratio14.5x
Earnings₹71.45b
Market Cap₹1.04t

Price to Earnings Ratio vs Peers

How does 534816's PE Ratio compare to its peers?

The above table shows the PE ratio for 534816 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.3x
TATACOMM Tata Communications
53.8x29.51%₹561.6b
HFCL HFCL
104.5xn/a₹325.8b
GTLINFRA GTL Infrastructure
2.3xn/a₹17.7b
IDEA Vodafone Idea
4.5x-76.23%₹1.6t
534816 Indus Towers
14.5x7.84%₹1.0t

Price-To-Earnings vs Peers: 534816 is good value based on its Price-To-Earnings Ratio (14.5x) compared to the peer average (41.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 534816's PE Ratio compare vs other companies in the Asian Telecom Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
534816 14.5xIndustry Avg. 15.1xNo. of Companies18PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 534816 is good value based on its Price-To-Earnings Ratio (14.5x) compared to the Asian Telecom industry average (15.1x).

Price to Earnings Ratio vs Fair Ratio

What is 534816's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

534816 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.5x
Fair PE Ratio24.1x

Price-To-Earnings vs Fair Ratio: 534816 is good value based on its Price-To-Earnings Ratio (14.5x) compared to the estimated Fair Price-To-Earnings Ratio (24.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 534816 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹391.85
₹448.80
+14.53%
16.27%₹580.00₹345.00n/a25
Jun ’27₹431.10
₹452.80
+5.03%
16.06%₹580.00₹345.00n/a25
May ’27₹410.15
₹457.56
+11.56%
15.28%₹580.00₹345.00n/a25
Apr ’27₹422.90
₹463.25
+9.54%
15.33%₹560.00₹345.00n/a24
Mar ’27₹454.60
₹463.25
+1.90%
15.33%₹560.00₹345.00n/a24
Feb ’27₹424.10
₹442.78
+4.41%
17.70%₹565.00₹300.00n/a23
Jan ’27₹435.60
₹422.91
-2.91%
17.26%₹565.00₹300.00n/a23
Dec ’26₹396.40
₹422.91
+6.69%
17.26%₹565.00₹300.00n/a23
Nov ’26₹363.75
₹420.71
+15.66%
16.27%₹559.00₹300.00n/a24
Oct ’26₹352.30
₹400.96
+13.81%
16.43%₹525.00₹300.00n/a24
Sep ’26₹339.55
₹406.35
+19.67%
17.78%₹595.00₹300.00n/a23
Aug ’26₹345.10
₹411.13
+19.13%
18.07%₹595.00₹300.00n/a23
Jul ’26₹420.20
₹428.27
+1.92%
18.21%₹595.00₹308.00n/a22
Jun ’26₹383.75
₹428.77
+11.73%
18.37%₹595.00₹308.00₹431.1022
May ’26₹408.05
₹420.86
+3.14%
20.23%₹595.00₹308.00₹410.1522
Apr ’26₹352.60
₹413.00
+17.13%
20.76%₹575.00₹295.00₹422.9022
Mar ’26₹323.15
₹410.86
+27.14%
21.13%₹575.00₹280.00₹454.6022
Feb ’26₹352.35
₹409.50
+16.22%
20.92%₹575.00₹280.00₹424.1022
Jan ’26₹343.80
₹403.64
+17.40%
22.07%₹575.00₹280.00₹435.6022
Dec ’25₹349.35
₹402.39
+15.18%
21.70%₹575.00₹280.00₹396.4023
Nov ’25₹342.95
₹403.14
+17.55%
22.07%₹575.00₹280.00₹363.7522
Oct ’25₹383.80
₹412.86
+7.57%
22.71%₹575.00₹265.00₹352.3021
Sep ’25₹458.50
₹400.95
-12.55%
25.36%₹575.00₹220.00₹339.5521
Aug ’25₹428.65
₹395.86
-7.65%
25.18%₹535.00₹220.00₹345.1021
Jul ’25₹389.75
₹347.38
-10.87%
18.92%₹450.00₹220.00₹420.2021
Jun ’25₹348.00
₹336.19
-3.39%
21.26%₹450.00₹190.00₹383.7521
₹448.97
Fair Value
12.7% undervalued intrinsic discount
25
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/30 14:22
End of Day Share Price 2026/06/30 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Indus Towers Limited is covered by 41 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Deep Shah360 ONE Capital Market Private Limited
Vivekanand SubbaramanAmbit Capital
Arun PrasathAvendus Spark