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Price-based indicators and levels
| Indicator | Value | Signal |
|---|---|---|
| Relative Strength Index (RSI) | +51.50 | Neutral |
| MACD | -0.06 | Bearish |
| Period | SMA | EMA |
|---|---|---|
| 20D Moving Average | 377.81 | 378.09 |
| 50D Moving Average | 379.10 | 381.74 |
| 200D Moving Average | 412.85 | 396.32 |
Indus Towers Limited, formerly known as Bharti Infratel Limited was incorporated on November 30, 2006 with the object of setting up, operating and maintaining wireless communication towers. The Company's name was changed from Bharti Infratel Limited to Indus Towers Limited on December 10, 2020. 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 of the Company is to deploy, own, operate and manage passive infrastructure pertaining to telecommunication operations. As of March 31, 2026, Indus Towers owned and operated 264,514 macro towers and 428,014 co-locations across 22 telecommunication circles. In addition, Indus owned and operated 14,044 colocations on lean towers. 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. 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. As on March 31, 2024, 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. Bharti Airtel's stake in the Company increased above 50%, making Bharti Airtel a subsidiary of the Company in FY 2025. The Company launched India's first commercial satellite communication ground station near Ahmedabad for OneWeb India Communications in 2025. It launched Helix, a cloud-based AI-powered platform for incident and operations management. It launched iDOT ((Indus Digital Operations Transformation), as digital programme through automation, intelligence and real-time analytics in FY25. During the year 2026, the Company initiated its international expansion in select African markets, namely Nigeria, Zambia and Uganda to pursue telecommunications infrastructure opportunities in these markets.
Historical price movement and trading activity
Today's High
380.75
Today's Low
372.3
Open
380
Previous Close
375.65
Volume
5835701
Total Traded Value High
2190804528.85
18 Sept 2026
Indus Towers Ltd announced that it has received an ESG Rating of 69.86 (Leader) from Niche Ninety Nine Capability and Certifications (OPC) Private Limited, a Category II SEBI-registered ESG Rating Provider, as of September 17, 2026; notably, the company states it did not engage Niche Ninety Nine for this rating, which was assigned independently based on public disclosures, and there are no enhancements, assignments, or withdrawals related to any instruments, including any instruments listed on the BSE Limited and National Stock Exchange of India Limited.
28 Jul 2026
Indus Towers reported a marginal increase in its consolidated net profit for the first quarter of FY27, with profit after tax (PAT) rising to Rs 1,745.8 crore from Rs 1,736.8 crore in the corresponding quarter last year.
Revenue from operations rose 4.64% year on year to Rs 8,431.1 crore in the first quarter of FY27 from Rs 8,057.6 crore a year earlier. Consolidated EBITDA stood at Rs 4,521 crore, marking a 3% increase over the previous year, with an EBITDA margin of 53.6%. Profit before tax (PBT) rose 0.58% year on year to Rs 2,347.4 crore in Q1 FY27 from Rs 2,333.8 crore in Q1 FY26. As of 30 June 2026, Indus Towers' total tower base stood at 267,611, up 6.3% year on year. The company said Q1 FY26 included a write-back of Rs 88 crore in provision for doubtful receivables, aided by collections against past overdue. Operating free cash flow for the quarter jumped 23.4% to Rs 1,781 crore, compared to Rs 1,444 crore in the same period last year. Prachur Sah, managing director and CEO, Indus Towers, said: 'Despite supply chain disruptions arising from geopolitical developments, we delivered a resilient performance, supported by customer-led network expansion, disciplined cost management, and strong cash flow generation. Our investments in digital transformation, AI-led capabilities, and energy management are strengthening operational agility, productivity, and service delivery. Progressing well on our international expansion, we have secured licenses across all three target markets in Africa and remain on track to commence rollouts in 2026. As demand for digital infrastructure continues to rise, we believe our differentiated value proposition, execution excellence and technology-led approach position us well to capitalize on growth opportunities and create long-term value for our shareholders.' Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures for various mobile operators. The company's portfolio of 267,611 telecom towers makes it one of the largest tower infrastructure providers in the country, with a presence in all 22 telecom circles. The scrip rose 0.04% to Rs 386.85 on the BSE. Powered by Capital Market - Live News
13 Jul 2026
Indus Towers rose 1.01% to Rs 410.10 after it has appointed Abhishek Maheshwari as the chief financial Officer (CFO) and key managerial personnel (KMP) of the company, effective August 19, 2026.
The appointment is on a full-time employment basis, with terms and conditions governed by the company's Nomination, Remuneration and Board Diversity Policy, along with applicable HR policies. Maheshwari is a seasoned finance professional with over 21 years of experience across business partnering, strategic planning, budgeting, financial reporting, investor relations, mergers and acquisitions, taxation, compliance, internal controls, and business modelling. He currently leads the finance function for Airtel's B2B business as CFO. Earlier, he served as CFO of Airtel's Direct to Home (DTH) business for over four years and also headed finance for Airtel's AP & MPCG operations across mobile, telemedia, and DTH businesses. During his career at Airtel, Maheshwari has held several leadership roles spanning business planning, analytics, consolidation, taxation, investor relations, and management reporting. He has also worked with Maruti Udyog Limited in budgeting and cost reporting roles and began his career with Lodha & Company, handling statutory audits, tax audits, and consulting assignments for large corporates. Maheshwari holds a Bachelor of Commerce (Honours) degree and is a qualified Chartered Accountant from the Institute of Chartered Accountants of India (ICAI), having completed his CA qualification in 2005. Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures for various mobile operators. The company's portfolio of 264,514 telecom towers makes it one of the largest tower infrastructure providers in the country with a presence in all 22 telecom circles. Indus Towers reported a marginal increase in its consolidated net profit for the fourth quarter of FY26, with profit after tax (PAT) rising to Rs 1,792.9 crore from Rs 1,779.1 crore in the corresponding quarter last year. The company's revenue from operations grew 4.83% year-on-year to Rs 8,101 crore for the quarter ended 31 March 2026. Powered by Capital Market - Live News
4 May 2026
Indus Towers reported a marginal increase in its consolidated net profit for the fourth quarter of FY26, with profit after tax (PAT) rising to Rs 1,792.9 crore from Rs 1,779.1 crore in the corresponding quarter last year.
The company's revenue from operations grew 4.83% year-on-year to Rs 8,101 crore for the quarter ended 31 March 2026. Consolidated EBITDA stood at Rs 4,464 crore, marking a 1.6% increase over the previous year, with an EBITDA margin of 55.1%. Profit before tax (PBT) came in at Rs 2,365.3 crore, remaining largely flat compared to Rs 2,363 crore reported in Q4 FY25. As of March end 2026, Indus Towers' total tower base stood at 264,514 units, with a closing sharing factor of 1.62. The company noted that the corresponding quarter last year included a Rs 226 crore write-back in provisions for doubtful receivables, aided by collections against past overdue. Operating free cash flow for the quarter declined 15.3% to Rs 1,066 crore, compared to Rs 1,257 crore in the same period last year. On a full-year basis, the company reported a 28.05% decline in consolidated net profit to Rs 7,144.9 crore, despite a 7.86% increase in revenue to Rs 32,493.1 crore. Prachur Sah, managing director and CEO, Indus Towers, said: 'FY26 was a year of strong and well-rounded performance for Indus Towers, driven by healthy colocation additions and continued network expansion by our customers. Improvement in the operating environment, supported by government measures, has strengthened sector stability and our business outlook. We have advanced our growth agenda, including foray into Africa, while maintaining a disciplined approach to capital allocation and long-term value creation. Reflecting improved business visibility and a strong financial position, the Board has recommended a final dividend of Rs. 14 per share. The company has institutionalised a strong culture of operational excellence, innovation and transformation, which was pivotal to our digital and AI-led initiatives in FY26, enhancing operational visibility and network scalability. These capabilities, together with our leadership position and agility, enable us to capitalise on emerging opportunities.' Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures for various mobile operators. The company's portfolio of 264,514 telecom towers makes it one of the largest tower infrastructure providers in the country with a presence in all 22 telecom circles. The scrip slipped 3.41% to Rs 396.15 on the BSE. Powered by Capital Market - Live News
2 May 2026
Indus Towers reported a marginal increase in its consolidated net profit for the fourth quarter of FY26, with profit after tax (PAT) rising to Rs 1,792.9 crore from Rs 1,779.1 crore in the corresponding quarter last year.
The company's revenue from operations grew 4.83% year-on-year to Rs 8,101 crore for the quarter ended 31 March 2026. Consolidated EBITDA stood at Rs 4,464 crore, marking a 1.6% increase over the previous year, with an EBITDA margin of 55.1%. Profit before tax (PBT) came in at Rs 2,365.3 crore, remaining largely flat compared to Rs 2,363 crore reported in Q4 FY25. As of March end 2026, Indus Towers' total tower base stood at 264,514 units, with a closing sharing factor of 1.62. The company noted that the corresponding quarter last year included a Rs 226 crore write-back in provisions for doubtful receivables, aided by collections against past overdue. Operating free cash flow for the quarter declined 15.3% to Rs 1,066 crore, compared to Rs 1,257 crore in the same period last year. On a full-year basis, the company reported a 28.05% decline in consolidated net profit to Rs 7,144.9 crore, despite a 7.86% increase in revenue to Rs 32,493.1 crore. Prachur Sah, managing director and CEO, Indus Towers, said: 'FY26 was a year of strong and well-rounded performance for Indus Towers, driven by healthy colocation additions and continued network expansion by our customers. Improvement in the operating environment, supported by government measures, has strengthened sector stability and our business outlook. We have advanced our growth agenda, including foray into Africa, while maintaining a disciplined approach to capital allocation and long-term value creation. Reflecting improved business visibility and a strong financial position, the Board has recommended a final dividend of Rs. 14 per share. The company has institutionalised a strong culture of operational excellence, innovation and transformation, which was pivotal to our digital and AI-led initiatives in FY26, enhancing operational visibility and network scalability. These capabilities, together with our leadership position and agility, enable us to capitalise on emerging opportunities.' Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures for various mobile operators. The company's portfolio of 264,514 telecom towers makes it one of the largest tower infrastructure providers in the country with a presence in all 22 telecom circles. The scrip shed 0.85% to Rs 410.15 on the BSE. Powered by Capital Market - Live News
Financial strength and ownership structure
Market Capitalisation
₹1,10,262.01
Price to Book (PB)
2.78
Price to Earnings (PE)
15.43
Return on Equity (ROE)
19.81%
Earnings Per Share (EPS)
27.08
Dividend Yield
3.35%
