Indus Towers Valuation

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

INDUSTOWER (₹424.9) is trading below our estimate of [[fair value]] (₹451.83)

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

Valuation Score

3/6

Valuation Score 3/6

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 (₹424.9) is trading below our estimate of fair value (₹451.83)

Significantly Below Fair Value: INDUSTOWER is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for INDUSTOWER. This is calculated by dividing INDUSTOWER's market cap by their current preferred multiple.
What is INDUSTOWER's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	₹1.15t

INDUSTOWER key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	4.7x
Enterprise Value/EBITDA	8.6x
PEG Ratio	2.3x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	59.4x
TATACOMM Tata Communications	58.5x	36.8%	₹537.8b
HFCL HFCL	56.7x	n/a	₹211.5b
KDL Kore Digital	47.8x	n/a	₹7.7b
BHARTIHEXA Bharti Hexacom	74.7x	40.1%	₹577.5b
INDUSTOWER Indus Towers	17.3x	7.6%	₹1.2t

Price-To-Earnings vs Peers: INDUSTOWER is good value based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (58.9x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	10.9%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	10.9%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: INDUSTOWER is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the Asian Telecom industry average (15.3x).

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 Ratio	17.3x
Fair PE Ratio	33.1x

Price-To-Earnings vs Fair Ratio: INDUSTOWER is good value based on its Price-To-Earnings Ratio (17.3x) 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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	₹424.90	₹397.29 -6.5%	24.7%	₹535.00	₹220.00	n/a	21
Aug ’25	₹428.75	₹395.86 -7.7%	25.2%	₹535.00	₹220.00	n/a	21
Jul ’25	₹389.65	₹347.38 -10.8%	18.9%	₹450.00	₹220.00	n/a	21
Jun ’25	₹348.15	₹336.19 -3.4%	21.3%	₹450.00	₹190.00	n/a	21
May ’25	₹354.80	₹291.90 -17.7%	28.0%	₹450.00	₹160.00	n/a	21
Apr ’25	₹315.20	₹229.19 -27.3%	19.5%	₹335.00	₹160.00	n/a	21
Mar ’25	₹263.10	₹225.43 -14.3%	17.0%	₹320.00	₹160.00	n/a	21
Feb ’25	₹219.00	₹219.65 +0.3%	15.4%	₹280.00	₹160.00	n/a	20
Jan ’25	₹202.75	₹183.55 -9.5%	16.0%	₹265.00	₹140.00	n/a	20
Dec ’24	₹187.65	₹182.80 -2.6%	15.9%	₹265.00	₹140.00	n/a	20
Nov ’24	₹180.60	₹182.80 +1.2%	15.9%	₹265.00	₹140.00	n/a	20
Oct ’24	₹191.70	₹179.15 -6.5%	17.0%	₹265.00	₹140.00	n/a	20
Sep ’24	₹181.70	₹178.15 -2.0%	16.3%	₹265.00	₹140.00	n/a	20
Aug ’24	₹173.70	₹178.00 +2.5%	15.9%	₹265.00	₹140.00	₹428.75	21
Jul ’24	₹164.25	₹167.05 +1.7%	19.1%	₹265.00	₹118.00	₹389.65	20
Jun ’24	₹158.55	₹167.05 +5.4%	19.1%	₹265.00	₹118.00	₹348.15	20
May ’24	₹155.00	₹172.27 +11.1%	19.6%	₹265.00	₹118.00	₹354.80	22
Apr ’24	₹143.00	₹179.77 +25.7%	21.0%	₹280.00	₹135.00	₹315.20	22
Mar ’24	₹171.45	₹180.91 +5.5%	20.4%	₹280.00	₹135.00	₹263.10	22
Feb ’24	₹144.35	₹188.26 +30.4%	26.5%	₹345.00	₹135.00	₹219.00	23
Jan ’24	₹190.45	₹214.75 +12.8%	18.2%	₹345.00	₹170.00	₹202.75	24
Dec ’23	₹201.65	₹215.61 +6.9%	18.4%	₹345.00	₹170.00	₹187.65	23
Nov ’23	₹186.50	₹215.83 +15.7%	18.4%	₹345.00	₹170.00	₹180.60	23
Oct ’23	₹197.45	₹227.91 +15.4%	16.2%	₹345.00	₹175.00	₹191.70	23
Sep ’23	₹199.60	₹228.42 +14.4%	16.3%	₹345.00	₹175.00	₹181.70	24
Aug ’23	₹227.70	₹240.04 +5.4%	17.3%	₹350.00	₹175.00	₹173.70	25

Analyst Forecast: Target price is lower than the current share price.