Indus Towers Ltd. News and Updates

Name: Latest research reports of Indus Towers Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Indus Towers Ltd.
Rating: 1
Author: ICICI Securities Limited

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Indus Towers Ltd.

11 Aug 2023

397.35

-2.25%

Indus Towers surpasses 2 lakh macro towers mark in India

Business Line

Indus Towers' focus on innovation and eco-friendly technologies contributes to efficiency and aligns with India's connectivity goals

Number of FII/FPI investors increased from 891 to 921 in Mar 2025 qtr.

Indus Towers Ltd.

01 Aug 2023

397.35

-2.25%

Neutral Indus Towers; target of Rs 170 : Motilal Oswal

Moneycontrol

Motilal Oswal recommended Neutral rating on Indus Towers with a target price of Rs 170 in its research report dated July 28, 2023.

Number of FII/FPI investors increased from 891 to 921 in Mar 2025 qtr.

Indus Towers Ltd.

29 Jul 2023

397.35

-2.25%

FCF generation muted on higher capex

Sell: Indus Towers Ltd.

Recommendation Target

ICICI Securities Limited

Indus Towers’ (Indus) Q1FY24 performance was good on two counts: 1) tenancy addition accelerated with a net add of 5,048 despite 518 exits; and 2) there was no provisioning that had marred EBITDA previously. We believe the high rate of tenancy addition is unlikely to sustain as Bharti is close to completing its rural 4G rollout; 5G rollout over the next 12 months will largely come as loading.

Indus Towers Ltd. has an average target of 382.00 from 4 brokers.

Indus Towers Ltd.

27 Jul 2023

397.35

-2.25%

to see Rapid results content

Indus Towers Ltd.

27 Jul 2023

397.35

-2.25%

Indus Towers Q1 Results: Net profit surges 182% to 1,348 crore, revenue up 3%; ESOP declared

livemint

Indus Towers Q1 Results: The company's revenue from operations during the first quarter of current fiscal stood at 7,075 crore, up almost three per cent, compared to 6,897 crore in the year-ago period.

Indus Towers Ltd. has an average target of 382.00 from 4 brokers.

Indus Towers Ltd.

10 Jun 2023

397.35

-2.25%

Indus Towers: Why investors can buy this stock

Business Line

The stock trading at a one-year forward PE of 8.4 times and EV/EBITDA of 4.6 times

Indus Towers Ltd. is trading above all available SMAs

Indus Towers Ltd.

28 Apr 2023

397.35

-2.25%

Neutral Indus Towers; target of Rs 160: Motilal Oswal

Moneycontrol

Motilal Oswal recommended Neutral rating on Indus Towers with a target price of Rs 160 in its research report dated April 27, 2023.

Number of FII/FPI investors increased from 891 to 921 in Mar 2025 qtr.

Indus Towers Ltd.

27 Apr 2023

397.35

-2.25%

to see Rapid results content

Indus Towers Ltd.

27 Apr 2023

397.35

-2.25%

Cashflow conversion normalises

Hold: Indus Towers Ltd.

Target

ICICI Securities Limited

Indus Towers’ (Indus) Q4FY23 performance was good on two counts – 1) tenancy addition accelerated with net add of 3,396 despite 512 exits; and 2) no provisioning, that had marred EBITDA in previous three quarters due to delay in VIL receivables.