NSE: INDUSTOWER | BSE: 534816

Strong Performer, Under Radar

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361.85 8.60 (2.43%)

52W Low on Sep 03, 2025

13.5M NSE+BSE Volume

NSE 12 Sep, 2025 3:55 PM (IST)

95,461.9

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1.0

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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.

02 Nov 2017

361.85

2.43%

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 been the industry pioneer in adopting green energy initiatives for its operations. Q-o-Q September 2017 quarter consolidated results...

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

Indus Towers Ltd.

01 Nov 2017

361.85

2.43%

Bharti Infratel

Hold: Indus Towers Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues (on a proportionate consolidation basis) came in at | 3648.2 crore, up 10.8% YoY, 3.5% QoQ, slightly higher than our estimate of | 3637.3 crore aided by energy revenues that came in at | 1383.8 crore vs. our estimate of | 1333.4 crore. Core rental revenues grew 9.2% YoY to | 2264.4 crore, lower than our estimate of | 2303.9, as sharing revenues per tower declined 1% QoQ. Net colocations addition at 1687 were lower than our estimates of 4588, as the company witnessed the impact of exits of 2,711, reflecting the...

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

Indus Towers Ltd.

31 Oct 2017

361.85

2.43%

Bharti Infratel: Colocation exits may put pressure on growth

Neutral: Indus Towers Ltd.

Recommendation Target

Motilal Oswal

Colocation exits may put pressure on growth Rental revenue/EBITDA disappoints: Consol. revenue increased 3.5% QoQ (+11% YoY) to INR36.5b (in-line), despite flat QoQ rental revenue (at INR22.6b; 1% miss), offset by a 9% QoQ rise in energy revenue. Consol. EBITDA rose 2.5% QoQ (+11% YoY) to INR16.1b (in-line), with the margin down ~40bp QoQ at 44.3% (40bp miss). This was led by rental EBITDA decline of 2% QoQ to INR14.9b, offset by nearly doubling of energy EBITDA. Lower finance income pulled down PAT by 4% QoQ to INR6.4b....

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

Indus Towers Ltd.

30 Oct 2017

361.85

2.43%

Bharti Infratel

Hold: Indus Towers Ltd.

JM Financial

Consol. 2Q FY18 EBITDA of INR 16.34bn [+12.4% yoy] was 1.2% below our forecast. Core EBITDA [+9.3%] miss of 3.5% was driven entirely by revenues [+9.2%], as net tenancy-adds crashed 78% qoq to 1687 [-30%]gross adds halved qoq to 4398 and tenancy churn or exits surged by 136% to 2711 in 2Q, vs. an average of 723 in the previous four quarters. We maintain FY18 will likely be the last year of double-digit EBITDA growth for BHIN. While tenancy adds from Jio should remain strong, the underlying losses would continue, as smaller telcos are rushing for the exit door. Moreover, Idea/Voda merger will result in significant tenancy losses, likely from FY19....

Indus Towers Ltd. has gained 11.66% in the last 1 Week

Indus Towers Ltd.

31 Jul 2017

361.85

2.43%

Result Update - Bharti Infratel

Buy: Indus Towers Ltd.

Axis Direct

Bharti Infratel (BHIN) recorded highest tenancies (7K gross) in Q1FY18 on accelerated data rollouts by Top 3 incumbents and material benefits from RJio rollouts (esp. BHIN standalone).In-line revenue, higher EBITDA and lower PAT (on higher tax) summarize Q1FY18 performance.

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

Indus Towers Ltd.

25 Jul 2017

361.85

2.43%

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 | 3523.9 crore, up 9.8% YoY and flattish QoQ, slightly lower than our estimates on | 3543.9 crore owing to lower energy revenues that was at | 1264.4 crore vs. our estimate of | 1302 crore. Core rental revenues grew 9.8% YoY to | 2259.5 crore. The co-locations addition at 7795 was much ahead of our estimates of 5299, as the company remained a beneficiary of Jio's incremental tenancy addition along...