NSE: INDUSTOWER | BSE: 534816

Strong Performer, Under Radar

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348.85 8.25 (2.42%)

39.43% Gain from 52W Low

8.3M NSE+BSE Volume

NSE 21 Mar, 2025 3:31 PM (IST)

92,032.3

Market Cap

Market Leader

1.6

Beta 1Year

Very High Volatility

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.

Indus Towers Ltd.

27 Oct 2023

348.85

2.42%

Cash collection stable reducing risk of rise in provisioning

Hold: Indus Towers Ltd.

Recommendation Target

ICICI Securities Limited

Indus Towers’ (Indus) Q2FY24 performance was good on two counts: 1) tenancy addition accelerated with net add of 5,583 despite 840 exits; and 2) there was no large provisioning that had marred EBITDA previously. However, rising single-tenancy towers are continuously diluting margins and RoCE, and VIL has to significantly recover to increase visibility on rising tenancy sharing over medium term.

Indus Towers Ltd. is trading below its 150 day SMA of 362.6

Indus Towers Ltd.

29 Jul 2023

348.85

2.42%

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 Apr 2023

348.85

2.42%

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.

Indus Towers Ltd. is trading below its 150 day SMA of 362.6

Indus Towers Ltd.

27 Jan 2023

348.85

2.42%

Indus Towers

Not Rated: Indus Towers Ltd.

ICICI Direct

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

Indus Towers Ltd.

27 Jan 2023

348.85

2.42%

Provision woes persist

Hold: Indus Towers Ltd.

Target

ICICI Securities Limited

Indus Towers’ (Indus) Q3FY23 performance was yet again marred by provision (of Rs23bn) for doubtful debt and reversal of revenue from equalisation of Rs5bn (as exceptional loss). This has resulted in the company reporting a net loss of Rs7bn. Indus has taken a provisional impact of Rs53bn in past three quarters.

Number of FII/FPI investors increased from 849 to 891 in Dec 2024 qtr.

Indus Towers Ltd.

31 Oct 2022

348.85

2.42%

Bad debt provisions hit profits again!

Hold: Indus Towers Ltd.

Target

ICICI Securities Limited

Indus Towers’ Q2FY23 result had two one-offs: 1) Settlement gain received was
Rs11bn of which Rs5.5bn was recognised in rental revenue thus, rental was
inflated;