Indus Towers Limited

NSEI:INDUSTOWER Stock Report

Market Cap: ₹1.1t

Indus Towers Future Growth

Future criteria checks 1/6

Indus Towers's earnings are forecast to decline at 1.4% per annum while its annual revenue is expected to grow at 5.6% per year. EPS is expected to decline by 1.1% per annum. Return on equity is forecast to be 21.5% in 3 years.

Key information

-1.4%

Earnings growth rate

-1.12%

EPS growth rate

Telecom earnings growth6.5%
Revenue growth rate5.6%
Future return on equity21.46%
Analyst coverage

Good

Last updated24 Nov 2025

Recent future growth updates

Indus Towers Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Oct 30
Indus Towers Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Analysts Are Updating Their Indus Towers Limited (NSE:INDUSTOWER) Estimates After Its First-Quarter Results

Aug 02
Analysts Are Updating Their Indus Towers Limited (NSE:INDUSTOWER) Estimates After Its First-Quarter Results

Analysts Have Made A Financial Statement On Indus Towers Limited's (NSE:INDUSTOWER) Yearly Report

May 03
Analysts Have Made A Financial Statement On Indus Towers Limited's (NSE:INDUSTOWER) Yearly Report

Indus Towers Limited Just Recorded A 95% EPS Beat: Here's What Analysts Are Forecasting Next

Jan 26
Indus Towers Limited Just Recorded A 95% EPS Beat: Here's What Analysts Are Forecasting Next

Recent updates

Is Indus Towers (NSE:INDUSTOWER) Using Too Much Debt?

Nov 27
Is Indus Towers (NSE:INDUSTOWER) Using Too Much Debt?

Indus Towers (NSE:INDUSTOWER) Is Investing Its Capital With Increasing Efficiency

Nov 12
Indus Towers (NSE:INDUSTOWER) Is Investing Its Capital With Increasing Efficiency

Indus Towers Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Oct 30
Indus Towers Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Calculating The Intrinsic Value Of Indus Towers Limited (NSE:INDUSTOWER)

Oct 06
Calculating The Intrinsic Value Of Indus Towers Limited (NSE:INDUSTOWER)

The Market Doesn't Like What It Sees From Indus Towers Limited's (NSE:INDUSTOWER) Earnings Yet

Sep 22
The Market Doesn't Like What It Sees From Indus Towers Limited's (NSE:INDUSTOWER) Earnings Yet

Shareholders May Not Be So Generous With Indus Towers Limited's (NSE:INDUSTOWER) CEO Compensation And Here's Why

Aug 23
Shareholders May Not Be So Generous With Indus Towers Limited's (NSE:INDUSTOWER) CEO Compensation And Here's Why

Do Indus Towers' (NSE:INDUSTOWER) Earnings Warrant Your Attention?

Aug 18
Do Indus Towers' (NSE:INDUSTOWER) Earnings Warrant Your Attention?

Analysts Are Updating Their Indus Towers Limited (NSE:INDUSTOWER) Estimates After Its First-Quarter Results

Aug 02
Analysts Are Updating Their Indus Towers Limited (NSE:INDUSTOWER) Estimates After Its First-Quarter Results

Indus Towers (NSE:INDUSTOWER) Is Very Good At Capital Allocation

Jul 23
Indus Towers (NSE:INDUSTOWER) Is Very Good At Capital Allocation

Indus Towers (NSE:INDUSTOWER) Could Easily Take On More Debt

Jul 09
Indus Towers (NSE:INDUSTOWER) Could Easily Take On More Debt

An Intrinsic Calculation For Indus Towers Limited (NSE:INDUSTOWER) Suggests It's 34% Undervalued

May 16
An Intrinsic Calculation For Indus Towers Limited (NSE:INDUSTOWER) Suggests It's 34% Undervalued

Analysts Have Made A Financial Statement On Indus Towers Limited's (NSE:INDUSTOWER) Yearly Report

May 03
Analysts Have Made A Financial Statement On Indus Towers Limited's (NSE:INDUSTOWER) Yearly Report

Does Indus Towers (NSE:INDUSTOWER) Deserve A Spot On Your Watchlist?

Apr 30
Does Indus Towers (NSE:INDUSTOWER) Deserve A Spot On Your Watchlist?

Under The Bonnet, Indus Towers' (NSE:INDUSTOWER) Returns Look Impressive

Apr 12
Under The Bonnet, Indus Towers' (NSE:INDUSTOWER) Returns Look Impressive

Little Excitement Around Indus Towers Limited's (NSE:INDUSTOWER) Earnings

Mar 28
Little Excitement Around Indus Towers Limited's (NSE:INDUSTOWER) Earnings

Indus Towers Limited Just Recorded A 95% EPS Beat: Here's What Analysts Are Forecasting Next

Jan 26
Indus Towers Limited Just Recorded A 95% EPS Beat: Here's What Analysts Are Forecasting Next

Does Indus Towers (NSE:INDUSTOWER) Deserve A Spot On Your Watchlist?

Jan 20
Does Indus Towers (NSE:INDUSTOWER) Deserve A Spot On Your Watchlist?

Estimating The Intrinsic Value Of Indus Towers Limited (NSE:INDUSTOWER)

Jan 06
Estimating The Intrinsic Value Of Indus Towers Limited (NSE:INDUSTOWER)

Under The Bonnet, Indus Towers' (NSE:INDUSTOWER) Returns Look Impressive

Dec 23
Under The Bonnet, Indus Towers' (NSE:INDUSTOWER) Returns Look Impressive
User avatar

5G Rollout And Renewable Energy Propel Telecom Growth Amid Challenges

Strong 5G rollout and favorable regulations position Indus Towers for revenue growth and expanded telecom infrastructure.

Earnings and Revenue Growth Forecasts

NSEI:INDUSTOWER - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2028368,04384,81798,701170,07121
3/31/2027349,56377,41987,937161,79223
3/31/2026329,55371,73162,986151,52023
9/30/2025315,20393,584115,983189,236N/A
6/30/2025307,97497,426126,131193,554N/A
3/31/2025301,22899,317128,610196,450N/A
12/31/2024295,889100,05791,430163,555N/A
9/30/2024292,40575,43070,963156,755N/A
6/30/2024289,07766,14246,029135,847N/A
3/31/2024286,00660,36226,292115,821N/A
12/31/2023281,60355,82231,386108,686N/A
9/30/2023277,26333,33531,48794,464N/A
6/30/2023285,60429,10637,56487,378N/A
3/31/2023283,81820,40042,82279,048N/A
12/31/2022287,45224,69458,31589,127N/A
9/30/2022289,07647,48452,38282,148N/A
6/30/2022278,17554,35160,60890,303N/A
3/31/2022277,17263,73158,36191,212N/A
12/31/2021270,92759,083N/AN/AN/A
9/30/2021242,26053,16666,823102,854N/A
6/30/2021191,15944,90757,95887,592N/A
3/31/2021139,54337,79053,62774,811N/A
12/31/202091,44630,648N/AN/AN/A
9/30/202067,51128,84416,21824,018N/A
6/30/202066,53031,15316,04123,782N/A
3/31/202067,43032,98714,85323,151N/A
12/31/201967,36732,56813,74321,698N/A
9/30/201968,02731,06511,90219,822N/A
6/30/201968,54627,428N/A22,087N/A
3/31/201968,26224,938N/A31,586N/A
12/31/201868,23224,922N/A32,303N/A
9/30/201867,86324,292N/A34,902N/A
6/30/201867,24824,678N/A31,933N/A
3/31/201866,21224,937N/A34,694N/A
12/31/201765,53724,843N/A31,336N/A
9/30/201763,87425,193N/A29,597N/A
6/30/201762,25026,547N/A39,709N/A
3/31/201760,84727,470N/A28,662N/A
12/31/201658,97528,688N/A28,855N/A
9/30/201657,63427,434N/A28,645N/A
6/30/201656,39725,612N/A12,913N/A
3/31/201655,58322,474N/A19,115N/A
12/31/201570,86920,865N/A24,396N/A
9/30/201586,39820,984N/A30,540N/A
6/30/2015101,97319,720N/A42,269N/A
3/31/2015116,68319,924N/A39,895N/A
12/31/2014115,11519,073N/A40,408N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDUSTOWER's earnings are forecast to decline over the next 3 years (-1.4% per year).

Earnings vs Market: INDUSTOWER's earnings are forecast to decline over the next 3 years (-1.4% per year).

High Growth Earnings: INDUSTOWER's earnings are forecast to decline over the next 3 years.

Revenue vs Market: INDUSTOWER's revenue (5.6% per year) is forecast to grow slower than the Indian market (10.9% per year).

High Growth Revenue: INDUSTOWER's revenue (5.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: INDUSTOWER's Return on Equity is forecast to be high in 3 years time (21.5%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/28 01:37
End of Day Share Price 2025/11/28 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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 45 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vivekanand SubbaramanAmbit Capital
Nitin BhasinAmbit Capital
Arun PrasathAvendus Spark