NSE: INDUSTOWER | BSE: 534816

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461.25 -0.20 (-0.04%)

New 52W High in past week

4.1M NSE+BSE Volume

NSE 26 Feb, 2026 3:31 PM (IST)

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Indus Towers Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for INDUSTOWER, BSE:534816 Indus Towers Ltd.

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Indus Towers Ltd.

04 Feb 2026

461.25

-0.04%

INDUS TOWERS LIMITED

Buy: Indus Towers Ltd.

Recommendation Target

Geojit BNP Paribas

As per market consensus, Indus Towers is currently trading at a 1year fwd. P/E of 15x ( 3 year Avg P/E of 12x). Indus Towers is advancing its strategic expansion into African markets while maintaining a strong focus on operational excellence, digital transformation, and customer...

Indus Towers has gained 30.02% in the last 6 Months

Indus Towers Ltd.

03 Feb 2026

461.25

-0.04%

In-line 3Q; tenancy additions pick-up key monitorable

Neutral: Indus Towers Ltd.

Target

Motilal Oswal

Indus Towers’ (Indus) 3QFY26 was broadly in line with our estimates, with recurring EBITDA (excl. provision reversals) rising 2% QoQ to INR44.7b. Operationally, tenancy additions picked up QoQ (after a subdued 2Q), driven by acceleration in Vi’s rollouts during 3Q.

Indus Towers has gained 39.10% in the last 1 Year

Indus Towers Ltd.

18 Dec 2025

461.25

-0.04%

Risk reward uncompelling despite potential relief for Vi

Neutral: Indus Towers Ltd.

Motilal Oswal

Indus has been gaining market share in new tower builds as well as benefiting from the shift from other towercos in recent quarters, driven by its operational efficiencies and network uptime.

Indus Towers has gained 30.02% in the last 6 Months

Indus Towers Ltd.

28 Oct 2025

461.25

-0.04%

Strong results; valuation push from client stability

Buy: Indus Towers Ltd.

Recommendation Target

Emkay

Indus Towers (Indus) reported strong results, with slightly higher revenue than street estimate and 50bps QoQ rise in EBITDA margin, adjusting for provision reversal.

Indus Towers Ltd. has an average target of 446.25 from 4 brokers.

Indus Towers Ltd.

28 Oct 2025

461.25

-0.04%

In-line 2Q; elevated capex hurts FCF generation

Neutral: Indus Towers Ltd.

Target

Motilal Oswal

Indus Towers’ (Indus) 2QFY26 was broadly in line with our estimates, with recurring EBITDA (excl. provision reversals) rising 3% QoQ to INR43.8b.

Number of FII/FPI investors decreased from 960 to 939 in Dec 2025 qtr

Indus Towers Ltd.

01 May 2025

461.25

-0.04%

Tenancy net adds boosted from acquisition and VIL rollout

Sell: Indus Towers Ltd.

Target

ICICI Securities Limited

Indus Towers’ (Indus) Q4FY25 performance was good led by, excluding acquisition, tenancy addition of 8.2k, which was much better than tower net adds of 4.3k, implying a rising tenancy sharing ratio. Tenancy adds benefitted from network rollout by VIL; and 2) strong FCF in FY25, including provision reversals.

Indus Towers has gained 39.10% in the last 1 Year

Indus Towers Ltd.

01 May 2025

461.25

-0.04%

Operationally in line; dividend deferral disappointing

Neutral: Indus Towers Ltd.

Target

Motilal Oswal

Indus Towers (Indus)’ 4QFY25 reported financials were impacted by several one-offs on account of the consummation of tower purchases from Bharti Airtel, prior period revenue, and provision reversals.

Number of FII/FPI investors decreased from 960 to 939 in Dec 2025 qtr

Indus Towers Ltd.

17 Feb 2025

461.25

-0.04%

INDUS TOWERS LTD.

Buy: Indus Towers Ltd.

Target

Ventura

Update Note

Indus Towers has gained 39.10% in the last 1 Year

Indus Towers Ltd.

31 Jan 2025

461.25

-0.04%

INDUS TOWERS LIMITED

Buy: Indus Towers Ltd.

Target

FundsIndia

Indus Towers has gained 39.10% in the last 1 Year

Indus Towers Ltd.

23 Oct 2024

461.25

-0.04%

Core performance slightly weaker

Neutral: Indus Towers Ltd.

Target

Motilal Oswal

Indus’ 2QFY25 reported financials came in ahead of our estimate owing to a higher-than-estimated reversal of prior period bad debt provisions (INR10.8b vs. our estimate of INR5b).

Number of FII/FPI investors decreased from 960 to 939 in Dec 2025 qtr

Is Bharti Infratel Ltd. worth buying?

665 Votes:

Buy 80.0%

Sell 11.73%

Hold 8.27%

RESEARCH REPORTS

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Neutral SEE REPORTS >

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