NSE: INDUSTOWER | BSE: 534816

Strong Performer, Under Radar

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352.05 9.15 (2.67%)

52W Low on Sep 03, 2025

4.2M NSE+BSE Volume

NSE 01 Oct, 2025 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.

Indus Towers Ltd.

31 Oct 2018

352.05

2.67%

Bharti Infratel

Results Update: Indus Towers Ltd.

SMC online

The company during the quarter reported co-locations reduction of 27769 basis exit notices received. This is 13.7% of the total consolidated tenancies as on June 2018. However as at Sep 2018, there are cumulative 4,225 co-locations for which though the exit notices have been...

Indus Towers Ltd.'s price crossed above 30Day SMA today

Indus Towers Ltd.

26 Oct 2018

352.05

2.67%

Bharti Infratel

Hold: Indus Towers Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues (on a proportionate consolidation basis) came in at | 3668.3 crore, (flattish QoQ), slightly higher vs our estimates of | 3608 crore. The core rental declined by 3.6% YoY to | 2120.1 crore, while the revenues beat was largely driven by energy revenues which grew by 5% QoQ to | 1548.2 crore. The net co-locations exit stood at 26266, as anticipated, as the company witnessed impact of gross exits of 27769 on consolidated basis, owing to Vodafone Idea merger...

Indus Towers Ltd. is trading above its 30 day SMA of 347.8

Indus Towers Ltd.

25 Oct 2018

352.05

2.67%

Bharti Infratel (2QFY19): Is the worst behind? Maintain BUY

Buy: Indus Towers Ltd.

Recommendation Target

HDFC Securities

BUY with TP of Rs 321 @ 25x Sep-20E EPS (for merged entity). Exit penalty from Voda-Idea would be additional upside (~Rs 8/sh) or Rs 15bn. Bharti Infratels (BHIN) 2QFY19 results were marginally better. BHIN rental revenue/EBITDA/PAT was -6%/-8%/-6% YoY. As expected, operating performance was weak. BHIN witnessed churn of ~28k tenancies (55k including 100% of Indus) owing to Voda-Idea merger.

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

Indus Towers Ltd.

07 Sep 2018

352.05

2.67%

Bharti Infratel

Hold: Indus Towers Ltd.

Target

ICICI Securities Limited

Bharti Infratel notified the stock exchanges that on account of consummation of Vodafone India and Idea Cellular merger, the company have received exit notices for 27,447 co-locations on the consolidated basis. The tenancies formed 13.7% of the overall tenancies for the company. The company guided for |60-65 crore impact per month (|720780 crore/annum). We note that we had built in tenancies exit of ~25000 spread over FY19 and FY20, as guided by the management earlier. Given the front loaded one-time exit, we now lower our estimates of FY19E and FY20E further. While, the Voda-Idea exit is the last leg of tenancy hit that...

Number of FII/FPI investors increased from 921 to 1007 in Jun 2025 qtr.

Indus Towers Ltd.

08 Aug 2018

352.05

2.67%

BHARTI INFRATEL LIMITED

Hold: Indus Towers Ltd.

Geojit Research

EBITDA margins fell 333bps YoY due to reduction in energy margins. As a result PAT de-grew by 3.5% YoY. Merger between Indus & BHIN is likely to be complete by FY19. It will be a value accretive for BHIN in terms of opex synergy and saving on double taxation impact of dividend distribution tax....

Indus Towers Ltd.'s price crossed above 30Day SMA today

Indus Towers Ltd.

31 Jul 2018

352.05

2.67%

Bharti Infratel

Results Update: Indus Towers Ltd.

SMC online

Other income fell 22% to Rs 36.10 crore. Interest income stood at Rs 87.70 crore against Rs 29.20 crore. Depreciation fell 5% to Rs 276.80 crore. Thus PBT grew 7% to Rs 612.90 crore. Share of profit in JV fell 10% to Rs 296.60 crore. Thus PBT after Share of profit in JV grew 1% to Rs 909.50 crore. EO loss was Rs 26 crore against NIL....

Indus Towers Ltd. is trading above its 30 day SMA of 347.8

Indus Towers Ltd.

31 Jul 2018

352.05

2.67%

Bharti Infratel

Results Update: Indus Towers Ltd.

SMC online

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

Indus Towers Ltd.

27 Jul 2018

352.05

2.67%

Bharti Infratel Ltd Q1FY19 results Comment

Results Update: Indus Towers Ltd.

HDFC Securities

Revenue rose by 1.45% to Rs. 1697.0 Cr in Q1FY19 when compared to the previous quarter. Bharti Infratel Ltd Q1FY19 results Comment

Indus Towers Ltd.'s price crossed above 30Day SMA today

Indus Towers Ltd.

27 Jul 2018

352.05

2.67%

Bharti Infratel (1QFY19): Healthy but pain persists. NEUTRAL

Sell: Indus Towers Ltd.

Recommendation Target

HDFC Securities

We maintain Neutral on BHIN (after upgrading from Sell in 4QFY18) as (a) stock has corrected by ~40% from peak (b) on account of savings on DDT and earnings accretion from Indus acquisition and (c) prognosis for rental renegotiations though a risk but weak. Bharti Infratels (BHIN) 1QFY19 operating performance was weak with 4,818 net tenancy losses. Gross tenancy additions too were weak at meager 838. BHIN has lost 19k net tenancies in last three quarters. But, BHIN is yet to see the impact of ~6.7k tenancy loss on financials as it has received termination notices but services continue. Thus, revenue and EBITDA were better than expected.

Number of FII/FPI investors increased from 921 to 1007 in Jun 2025 qtr.

Indus Towers Ltd.

27 Jul 2018

352.05

2.67%

Bharti Infratel

Hold: Indus Towers Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues (on a proportionate consolidation basis) were at | 3673.5 crore, (up 0.3% QoQ), slightly higher than our estimate of | 3623 crore. Core rental was up 0.6% YoY to | 2198.9 crore, higher than our estimate of | 2142 crore, while energy revenues were flattish at | 1474.6 crore vs. our expectation of | 1481 crore. Net co-locations exit at 4818 was higher than our anticipated net exits estimate of 4000, as the company witnessed the impact of gross exits of 5676 on...

Indus Towers Ltd. is trading above its 30 day SMA of 347.8

Is Bharti Infratel Ltd. worth buying?

661 Votes:

Buy 80.03%

Sell 11.65%

Hold 8.32%

RESEARCH REPORTS

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Neutral SEE REPORTS >

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