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

Indus Towers Ltd.

NSE: INDUSTOWER | BSE: 534816 | ISIN: INE121J01017 | Industry: Other Telecom Services
| Strong Performer

420.3500 -0.75 (-0.18%)

NSE Jul 01, 2025 15:31 PM

34.40% Gain from 52W Low

Volume: 9.6M

Indus Towers Ltd.

20 Apr 2024

420.35

-0.18%

Baking in VIL capex; unfavourable risk-reward still towering

Sell: Indus Towers Ltd.

Recommendation Target

ICICI Securities Limited

Our valuation for Indus now bakes in the VIL capex. Our recalibrated model envisions Indus’ rental revenue/EBITDA/ net profit CAGRs of 9.3%/10.2%/14.4% over FY24–27E.

Indus Towers Ltd. has an average target of 402.00 from 4 brokers.