NSE: INDUSTOWER | BSE: 534816

Strong Performer, Under Radar

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384.10 4.80 (1.27%)

31.54% Gain from 52W Low

3.4M NSE+BSE Volume

NSE 05 May, 2025 3:31 PM (IST)

101,331.8

Market Cap

Market Leader

1.4

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.

31 Jan 2020

384.10

1.27%

Result Review - Bharti Infratel

Buy: Indus Towers Ltd.

Hem Securities

Bharti Infratel, as one of the pioneers of Shared Tower Telecom Infrastructure services, Infratel has helped Telecom operators maximize their reach in a short period of time by providing them compelling capex saving opportunities, as a result, making them focus their investment in reaching out to more and more communities across the country, and contributing in offering highly affordable telecom services which helps...

Motilal Oswal upgraded Indus Towers Ltd. to Buy with a price target of 395.0 on 01 May, 2025.

Indus Towers Ltd.

31 Jan 2020

384.10

1.27%

Bharti Infratel

Hold: Indus Towers Ltd.

Target

ICICI Securities Limited

Bharti Infratel continued to report a muted operating performance. Revenues (on a proportionate consolidation basis) came in at | 3673 crore, up 1% QoQ. Core rental revenues were at | 2283 crore, up 2% QoQ, driven by extended occupation of exiting tenants (~2798 collocations where actual exits yet to happen despite exit notice). Furthermore, it should be noted that underlying Q3FY20 revenue growth was weak and reported numbers are higher on account of exit penalty (| 105.3 crore) and Ind-AS 116 adoption (rent equalisation of | 70.5 crore). The company reported net increase of 744...

Indus Towers Ltd. has an average target of 384.50 from 4 brokers.

Indus Towers Ltd.

23 Oct 2019

384.10

1.27%

Bharti Infratel

Hold: Indus Towers Ltd.

Target

ICICI Securities Limited

Bharti Infratel continued to report a muted performance on the topline front given the weak gross tenancy addition. Revenues (on a proportionate consolidation basis) came in at | 3637.6 crore, down 2% QoQ with core rental revenues of | 2328.5 crore, down 1% QoQ. It should be noted that underlying Q2FY20 revenue growth was weak, albeit exit penalty (| 101 crore), Ind-AS 116 adoption (rent equalisation of | 76.7 crore) and extended occupation of exiting tenants (~3750 collocations where actual exits are yet to happen despite exit notice) led to a better-than-expected show on a...

Indus Towers Ltd. has an average target of 384.50 from 4 brokers.

Indus Towers Ltd.

22 Oct 2019

384.10

1.27%

Muted tenancy adds drag earnings; outlook still blurred

Neutral: Indus Towers Ltd.

Target

Motilal Oswal

22 October 2019 quarter performance was below our expectations. On a pre-Ind-AS 116 basis, pro forma consol. revenue/EBITDA declined by 1.9%/1.4% QoQ to INR35.6b/INR14.8b (3%/3.5% miss). Rental and energy revenue dropped 4.4% and 3.6% QoQ to INR21.6b and INR14b, respectively. Further, rental EBITDA declined 1.4% QoQ to INR14.8b, with the margin contracting 40bp QoQ to 67.

Motilal Oswal upgraded Indus Towers Ltd. to Buy with a price target of 395.0 on 01 May, 2025.

Indus Towers Ltd.

29 Jul 2019

384.10

1.27%

Bharti Infratel

Results Update: Indus Towers Ltd.

SMC online

Motilal Oswal upgraded Indus Towers Ltd. to Buy with a price target of 395.0 on 01 May, 2025.

Indus Towers Ltd.

26 Jul 2019

384.10

1.27%

Bharti Infratel

Hold: Indus Towers Ltd.

ICICI Securities Limited

During the quarter, the company reported net increase of 523 co-locations on consolidated basis vs. our expectation of net loss of 1,750 tenancies. We, however, note that positive net addition is largely owing to delay in exits rather than any improved traction of network addition by incumbents. We note that Vodafone Idea had guided for further ~21000 exits, the timing of which should be over the next couple of quarters. Moreover, we build in tepid gross tenancy addition ahead, given the measured approach of incumbents in expansion. Hence, we build in 181877 net co-locations in...

Motilal Oswal upgraded Indus Towers Ltd. to Buy with a price target of 395.0 on 01 May, 2025.

Indus Towers Ltd.

25 Jul 2019

384.10

1.27%

Healthy tenancy rates; uncertainty looms over growth

Neutral: Indus Towers Ltd.

Motilal Oswal

Healthy tenancy rates; uncertainty looms over growth Strong 6% rental EBITDA Jump: Bharti Infratel reported healthy 1QFY20 results, beating our estimates. On pre IND-AS 116 basis, Proforma consol. revenue/EBITDA grew 1% QoQ to INR36.3b/INR15b (4% beat). A key surprise was the rental revenue growth of 4% QoQ to INR21.8b, driven by 6% jump in the...

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

Indus Towers Ltd.

15 May 2019

384.10

1.27%

BHARTI INFRATEL LIMITED

Neutral: Indus Towers Ltd.

Geojit BNP Paribas

Due to continued hyper competition in the sector along with risk from jio, uncertainty over sustainability of its key customer base & lack of clarity on postmerger entity, we have a neutral stance on BHIN. Bharti Infratel Ltd (BHIN) is one of the leading telecom tower infrastructure player with 92,277 towers across 22 telecommunication circles in India. Backed by parent Bharti and by virtue of 42% stake in Indus Towers, BHIN shares a strong...

Indus Towers Ltd. is trading above all available SMAs

Indus Towers Ltd.

29 Apr 2019

384.10

1.27%

Bharti Infratel

Results Update: Indus Towers Ltd.

SMC online

Bharti Infratel is India's leading provider of tower and related infrastructure and it deploys, The three leading wireless telecommunications service providers in India by revenue - Bharti Airtel, Vodafone and Idea Cellular are the largest customers of Bharti Infratel. The company has...

Indus Towers Ltd. has an average target of 384.50 from 4 brokers.

Indus Towers Ltd.

25 Apr 2019

384.10

1.27%

Bharti Infratel (4QFY19): Growth conundrum. Downgrade to NEUTRAL

Neutral: Indus Towers Ltd.

Recommendation Target

HDFC Securities

Merger of Indus and consequent savings in DDT (~Rs 5bn) and healthy dividend yield (~5%) are key positives. Tenancy growth is key re-rating trigger. Tariff increase by telcos may accelerate future rollout and act as catalyst for higher than expected tenancy increase. That said, tenancy reduction (~20-25k) by VIL as per their guidance is key risk. Tower offerings by Jio/ATC for co-location are additional risk. We presume ATC has sizeable tower portfolio but limited tenants as it anchor customer (Tata Tele) has shut business. Pricing renegotiations by telcos remains key long-term risk. We foresee this playing out gradually post the stake sale by promoters and mostly from FY22 as large portfolio comes up for renewal. Bharti Infratels (BHIN) 4QFY19 results were in-line but weak operationally. This was on account of tenancy decline of 1% QoQ. We downgrade BHIN to Neutral with TP of Rs 273 @ 20x FY21E EPS (vs. Rs 354 earlier @ 25x). Our multiple downgrade is driven by risk of incremental tenancy loss from VIL and long term risk of rental renegotiations by customers.

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

Is Bharti Infratel Ltd. worth buying?

640 Votes:

Buy 79.69%

Sell 12.03%

Hold 8.28%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Buy SEE REPORTS >

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