Indus Towers Limited

NSEI:INDUSTOWER Stock Report

Market Cap: ₹889.2b

Indus Towers Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: INDUSTOWER (₹337.1) is trading below our estimate of fair value (₹707.13)

Significantly Below Fair Value: INDUSTOWER is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for INDUSTOWER. This is calculated by dividing INDUSTOWER's market cap by their current earnings.
What is INDUSTOWER's PE Ratio?
PE Ratio11.8x
Earnings₹75.43b
Market Cap₹889.23b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for INDUSTOWER vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48.8x
TATACOMM Tata Communications
52.6x39.2%₹487.5b
HFCL HFCL
43.3xn/a₹163.5b
SARTELE SAR Televenture
36.4xn/a₹10.0b
BHARTIHEXA Bharti Hexacom
62.7x32.3%₹751.8b
INDUSTOWER Indus Towers
11.8x1.5%₹889.2b

Price-To-Earnings vs Peers: INDUSTOWER is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (48.8x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
INDUSTOWER 11.8xIndustry Avg. 15.6xNo. of Companies28PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: INDUSTOWER is good value based on its Price-To-Earnings Ratio (11.8x) compared to the Asian Telecom industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is INDUSTOWER'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.

INDUSTOWER PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio33.1x

Price-To-Earnings vs Fair Ratio: INDUSTOWER is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (33.1x).

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 INDUSTOWER forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹337.10
₹403.64
+19.7%
22.1%₹575.00₹280.00n/a22
Dec ’25₹349.35
₹402.39
+15.2%
21.7%₹575.00₹280.00n/a23
Nov ’25₹342.85
₹403.14
+17.6%
22.1%₹575.00₹280.00n/a22
Oct ’25₹384.05
₹412.86
+7.5%
22.7%₹575.00₹265.00n/a21
Sep ’25₹458.50
₹400.95
-12.6%
25.4%₹575.00₹220.00n/a21
Aug ’25₹428.75
₹395.86
-7.7%
25.2%₹535.00₹220.00n/a21
Jul ’25₹389.65
₹347.38
-10.8%
18.9%₹450.00₹220.00n/a21
Jun ’25₹348.15
₹336.19
-3.4%
21.3%₹450.00₹190.00n/a21
May ’25₹354.80
₹291.90
-17.7%
28.0%₹450.00₹160.00n/a21
Apr ’25₹315.20
₹229.19
-27.3%
19.5%₹335.00₹160.00n/a21
Mar ’25₹263.10
₹225.43
-14.3%
17.0%₹320.00₹160.00n/a21
Feb ’25₹219.00
₹219.65
+0.3%
15.4%₹280.00₹160.00n/a20
Jan ’25₹202.75
₹183.55
-9.5%
16.0%₹265.00₹140.00n/a20
Dec ’24₹187.65
₹182.80
-2.6%
15.9%₹265.00₹140.00₹349.3520
Nov ’24₹180.60
₹182.80
+1.2%
15.9%₹265.00₹140.00₹342.8520
Oct ’24₹191.70
₹179.15
-6.5%
17.0%₹265.00₹140.00₹384.0520
Sep ’24₹181.70
₹178.15
-2.0%
16.3%₹265.00₹140.00₹458.5020
Aug ’24₹173.70
₹178.00
+2.5%
15.9%₹265.00₹140.00₹428.7521
Jul ’24₹164.25
₹167.05
+1.7%
19.1%₹265.00₹118.00₹389.6520
Jun ’24₹158.55
₹167.05
+5.4%
19.1%₹265.00₹118.00₹348.1520
May ’24₹155.00
₹172.27
+11.1%
19.6%₹265.00₹118.00₹354.8022
Apr ’24₹143.00
₹179.77
+25.7%
21.0%₹280.00₹135.00₹315.2022
Mar ’24₹171.45
₹180.91
+5.5%
20.4%₹280.00₹135.00₹263.1022
Feb ’24₹144.35
₹188.26
+30.4%
26.5%₹345.00₹135.00₹219.0023
Jan ’24₹190.45
₹214.75
+12.8%
18.2%₹345.00₹170.00₹202.7524
Dec ’23₹201.65
₹215.61
+6.9%
18.4%₹345.00₹170.00₹187.6523

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 22:16
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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 here.

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 .

Analyst Sources

Indus Towers Limited is covered by 47 analysts. 22 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
Arun PrasathAvendus Spark
Vijayaraghavan SwaminathanAvendus Spark