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Indus Towers Ltd Performance

Today's Low
323.70
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Today's High
336.00
52 Wk Low
135.80
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52 Wk High
336.00


Open

331.9

Traded Value (Cr)

684.16 Cr

Prev. Close

326.7

VWAP

328.96

Volume

1,72,95,594

Face Value

10

Indus Towers Ltd Fundamentals

Market Cap
₹ 88,340 Cr
P/E Ratio (TTM)
15.83
P/B Ratio
3.73
Debt to Equity
0.87
ROE
15.20 %
EPS (TTM)
20.71
Dividend Yield
0.00%
Book Value
87.94

Click here to know more about Fundamentals

Indus Towers Ltd F&O

Indus Towers Ltd Option Chain

Indus Towers Ltd Financials

Indus Towers Ltd Financials

Indus Towers Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 69.00 % 69.00 % 69.00 % 69.00 %
FII 20.71 % 21.41 % 23.93 % 26.63 %
Mutual Funds 4.02 % 3.84 % 2.28 % 0.32 %
Others 3.71 % 3.51 % 2.87 % 2.44 %
Retail 2.55 % 2.24 % 1.91 % 1.62 %

Promoters

69.00%

FII

20.71%

Mutual Funds

4.02%

Others

3.71%

Retail

2.55%

Promoters

69.00%

FII

21.41%

Mutual Funds

3.84%

Others

3.51%

Retail

2.24%

Promoters

69.00%

FII

23.93%

Mutual Funds

2.28%

Others

2.87%

Retail

1.91%

Promoters

69.00%

FII

26.63%

Mutual Funds

0.32%

Others

2.44%

Retail

1.62%

Resistance and Support

₹324.62

PIVOT

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Resistance
First Resistance₹332.083
Second Resistance₹337.467
Third Resistance₹344.933
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Support
First Resistance₹319.233
Second Resistance₹311.767
Third Resistance₹306.383
RSI85.048
MACD37.581
ADX26.019
CCI102.896

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day17,295,5948,652,10841.49
Week20,424,7238,559,95143.27
1 Month21,404,4668,597,21440.98
6 Months17,295,5946,539,79037.81

About Indus Towers Ltd

Indus Towers Limited (Formerly known Bharti Infratel Limited) was incorporated on November 30, 2006 with the object of, inter-alia, setting up, operating and maintaining wireless communication towers. The Company received the certificate of commencement of business on April 10, 2007 from the Registrar of Companies. The Company is a provider of tower and related infrastructure sharing services. The Company is one of the largest telecom tower companies in India basis the number of towers and co-locations operated by the Company. The business is to deploy, own, operate and manage passive infrastructure pertaining to telecommunication operations. Apart from this, the Company provides access to its towers, primarily to wireless telecommunication service providers, on a shared basis under long-term contracts. It has a nationwide presence with operations in all 22 telecommunication circles in India and caters to all wireless telecommunication service providers in India. The company's consolidated portfolio of over 1,92,874 telecom towers, which includes over 39,000 of its own towers and the balance from its 42% equity interest in Indus Towers, makes it one of the largest tower infrastructure providers in the country with presence in all 22 telecom circles. The three leading wireless telecommunications service providers in India by revenue - Bharti Airtel, Vodafone and Idea Cellular - are the largest customers of Bharti Infratel. Bharti Airtel and Bharti Infratel are a part of the Bharti Group, one of India's leading business conglomerates, with business interests in the telecommunications, real estate, insurance and retail sectors. In January 2008, Bharti Airtel transferred its towers to Bharti Infratel through a scheme of arrangement effective as of January 31, 2008. As of 31 December 2017, Bharti Airtel directly held 50.33% of the equity share capital of Bharti Infratel. Nettle Infrastructure Investments Limited, a wholly owned subsidiary of Bharti Airtel, held 3.18% stake in Bharti Infratel as on 31 December 2017. Bharti Infratel has a 42% stake in Indus Towers which was created as a Joint Venture between Bharti Infratel, Vodafone and Aditya Birla Telecom to hive off the Towers business in 15 telecom circles. In 2011, the company won the Green Mobile Award' for best green product/service or performance at the Global Mobile Awards 2011. In 2012, the company was awarded the 2012-CNBC Essar Steel, Infrastructure Excellence Award as the 'Telecom Infrastructure Company of the year'. It also received the 2012 CIO-APC Green IT Award for successfully consolidating and virtualising its data centre and making significant reduction in carbon emissions. In 2013, Bharti Infratel and OMC Power bagged Best Consumer Service Innovation Award at Global Telecoms Business Innovation Awards. The company was also awarded the 'Most Innovative Energy Saving Product' for 'Renewable Energy Solutions for Telecom Tower Sites. In 2014, Reliance Jio and the company Joined Hands in Tower Infrastructure Sharing agreement. The company was also conferred with Amity Telecom Excellence Award' for being the Top Telecom Tower Company of the Year 2014'. The company has been conferred with Global Business Excellence Award-2014. The company and Indus Towers ink Infrastructure sharing deal. In 2015, the company approved increase in foreign investment limit upto 49% of the paid up capital under Portfolio Investment Scheme (PIS) by Foreign Institutional Investors (FIls)/ Registered Foreign Portfolio Investors (RFPIs). The company wins award for Best Employer' at the Aon Hewitt Best Employers 2015 Awards. On 26 February 2015, parent company Bharti Airtel offloaded 55 million shares of Bharti Infratel through a secondary share sale in the stock market for a total consideration of Rs 1925 crore. Post the transaction, Bharti Airtel's equity holding in Bharti Infratel was reduced to 71.9%. On 14 May 2015, Bharti Infratel announced that the company's stock has been included in MSCI Global Standard Index, an index created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets. The change in the index will be effective from the close of trading on 29 May 2015. The Board of Directors of Bharti Infratel at its meeting held on 26 April 2016 approved a proposal to buyback equity shares of the company from the shareholders of the company on a proportionate basis through a tender offer. The company set aside Rs. 2000 crore for the buyback at a maximum price of Rs. 450 per equity share. On 28 March 2017, parent company Bharti Airtel pared its stake in Bharti Infratel by selling over 190 million shares representing 10.3% stake to a consortium of funds advised by KKR and Canada Pension Plan Investment Board (CPPIB) for a total consideration of over Rs. 6193.90 crore. The deal was executed at Rs 325 per Bharti Infratel share. Following the closure of this transaction, Bharti Airtel's equity holding in Bharti Infratel was reduced to 61.7%. The board of directors of Bharti Infratel at its meeting held on 30 October 2017 decided to explore and evaluate acquisition of stake in one or more tranches in Indus Towers, with the aim of making it a subsidiary or wholly owned subsidiary of Bharti Infratel. On 14 November 2017, parent firm Bharti Airtel via its wholly owned subsidiary Nettle Infrastructure Investments sold 83 million equity shares aggregating to 4.49% stake in Bharti Infratel through a secondary share sale in the stock market. Consequent to the stake sale, Bharti Airtel and Nettle together hold a combined 53.51% stake in Bharti Infratel. In October 2019, Vodafone-Idea announced that the Scheme for transfer of its fiber infrastructure to wholly owned subsidiary, Vodafone Towers Ltd. by way of demerger has become effective. For Airtel, the Scheme of arrangement between Bharti Airtel and its wholly subsidiary Telesonic Networks Ltd., for the transfer of optical fibre cable business became effective in August 2019. As on March 31, 2020, the Company had a wholly owned subsidiary, Smartx Services Limited. On April 24, 2018 the Scheme of Arrangement and Amalgamation between the Company and erstwhile Indus Towers Limited was made effective as a going concern basis on November 19, 2020. Accordingly, the name of Company was changed from Bharti Infratel Limited to Indus Towers Limited, effective on December 10, 2020. Upon implementation of Scheme and allotment of shares, Vodafone Group through its subsidiaries, was made the Promoter of the Company with 28.12% shareholding. The shareholding of Bharti Airtel Group, existing promoters of the Company was reduced from 53.51% to 36.73%, and consequently, the Company ceased to be a subsidiary of Bharti Airtel Limited. As of March 31, 2019, Bharti Infratel owned and operated 40,388 towers with 76,341 co-locations in 11 telecommunication circles while Indus Towers operated 1,23,546 towers with 229,483 colocations in 15 telecommunication circles. As on March 31, 2020, Bharti Infratel owned and operated 42,053 towers with 75,715 co-locations in 11 telecommunication circles while Indus Towers operated 126,949 towers with 235,396 co-locations in 15 telecommunication circles. As of March 31, 2021, Indus Towers owned and operated 179,225 towers with 322,438 co-locations in 22 telecommunication circles. As of March 31, 2022, Indus Towers owned and operated 185,447 towers with 335,791 co-locations in 22 telecommunication circles. As of March 31, 2023, Indus Towers owned and operated 192,874 towers with 342,831 co-locations in 22 telecommunication circles. In September 2022, Singtel sold its 3.33% stake in Bharti Airtel for ~Rs. 144 Billion of which around 3.2% was acquired by Bharti Telecom Limited (BTL), while the rest was acquired by the public. Post completion of the stake sale, BTL owned 38.62% in Airtel, up from 35.4%. Singtel's effective holding in Bharti Airtel decreased from 31.4% to 29.7%. During the Period 2022-23, 620,158,834 Equity Shares of the Company amounting to 23.01% of total share capital held by Nettle Infrastructure Investments Limited were acquired by Bharti Airtel Limited, one of the Promoter Companies through Composite Scheme of Amalgamation between Nettle, Telesonic Networks Limited and their respective shareholders and Airtel for amalgamation of Nettle and Telesonic with Airtel which became effective from February 01, 2023. Post this acquisition Bharti Airtel Limited held 47.95% shares and Vodafone Group Plc. through its indirect wholly owned subsidiary companies held 21.05% shares in the Company.

Managing Director

Prachur Sah

Founded

2006

NSE Symbol

INDUSTOWER

Indus Towers Ltd Management

NameDesignation
Narayanan KumarChairman & Independent Directo
Gopal VittalNon-Exec & Non-Independent Dir
Harjeet Singh KohliNon-Exec & Non-Independent Dir
PANKAJ TEWARINon-Exec & Non-Independent Dir
Rajan Bharti MittalNon-Exec & Non-Independent Dir
Randeep Singh SekhonNon-Exec & Non-Independent Dir
RAVINDER TAKKARNon-Exec & Non-Independent Dir
SUNIL SOODNon-Exec & Non-Independent Dir
Thomas ReistenNon-Exec & Non-Independent Dir
Prachur SahManaging Director & CEO
Anita KapurIndependent Non Exe. Director
Ramesh AbhishekIndependent Non Exe. Director
Sonu BhasinIndependent Non Exe. Director
Sharad BhansaliIndependent Non Exe. Director

Indus Towers Ltd News

Indus Towers to convene board meeting
On 30 April 2024
Indus Towers Ltd Falls 1.8%
Indus Towers Ltd has added 30.22% over last one month compared to 5.28% gain in S&P BSE Telecommunication index and 1.88% rise in the SENSEX
Indus Towers Ltd Surges 1.98%
Indus Towers Ltd has added 14.52% over last one month compared to 0.43% fall in S&P BSE Telecommunication index and 1.02% drop in the SENSEX
Indus Towers Ltd Surges 3.51%
Indus Towers Ltd has added 10.69% over last one month compared to 3.75% gain in S&P BSE Telecommunication index and 3.1% rise in the SENSEX
Volumes jump at Indus Towers Ltd counter
Indus Towers Ltd saw volume of 2189.54 lakh shares by 10:48 IST on BSE, a 205 fold spurt over two-week average daily volume of 10.68 lakh shares
Indus Towers spurts on reporting turnaround Q3 numbers
Indus Towers jumped 6.67% to Rs 231.75 after the company reported a consolidated net profit of Rs 1,540.5 crore in Q3 FY24 as against a net loss of Rs 708.2 crore posted in Q3 FY23.
Indus Towers reports consolidated net profit of Rs 1540.50 crore in the December 2023 quarter
Sales rise 4.94% to Rs 7099.00 crore
Indus Towers Ltd Spurts 2.13%
Indus Towers Ltd has added 9.61% over last one month compared to 5.39% gain in S&P BSE Telecommunication index and 0.44% drop in the SENSEX
Indus Towers appoints Neeti Wahi in leadership role
With effect from 06 December 2023
Indus Towers Q2 PAT climbs 49% YoY to Rs 1,295 cr
On consolidated basis, Indus Towers reported 48.51% jump in net profit to Rs 1,294.7 crore in Q2 FY24 as against Rs 871.8 crore posted in Q2 FY23.

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Indus Towers Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Indus Towers Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Indus Towers Ltd's share price is ₹328.05 as of April 12, 2024

Indus Towers Ltd's P/E ratio is 15.83 times as of April 12, 2024.

Indus Towers Ltd's most recent financial reports indicate a price-to-book ratio of 3.73, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Indus Towers Ltd's market is 88,340 Cr as on April 12, 2024.

The current financial records of Indus Towers Ltd show a 15.20% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Indus Towers Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Indus Towers Ltd's 52-week high and low as of April 12, 2024 are ₹336 and ₹323.7 respectively.

As of the Dec 2023 quarter, the promoter shareholding in Indus Towers Ltd stands at 69.00%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 21.41% to 20.71%.