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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Indus Towers Limited is an India-based telecommunications (telecom) infrastructure provider. The Company deploys, owns, and manages telecom towers and communication structures. Its offerings include tower, power, space; smart cities; tower operations centers (TOC), and green…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, fast-growing business, reasonably priced.
Indus Towers is scored on the general / industrial framework. It keeps a fat 21.7% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.20× reported profit. It throws off free cash worth 5.4% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 5%/yr and profit at 52%/yr. Book value itself has compounded 23%/yr — the hallmark of a genuine compounder. Return on equity is an elite 18.0%. In the latest quarter profit grew 3% versus the prior quarter.
At 14× earnings, the stock sits at the 34th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~4%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 14.18 | 16.07 | better |
| P/B | 2.55 | 1.84 | worse |
| EV/EBITDA | 6.65 | 5.44 | worse |
| ROE | 18.01 | 16.88 | better |
| ROCE | 17.43 | — | — |
| ROA | 9.77 | — | — |
| Quick Ratio | 1.72 | 1.38 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| HFCL | 34.7 | 5.7 | 15.4% |
| Tejas Networks | -9.1 | 2.9 | -32.3% |
| PACE Digitek | 9.9 | 1.4 | 13.9% |
Revenue has grown every year across all 4 financial years shown. 5% CAGR — growing but slowly.
Profit is on a 2-year growth streak. Profit is growing faster than revenue (52% vs 5%) — margin expansion is at work.
Operating margin has expanded from 10% to 29% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 18% — a respectable return on shareholder capital. ROE powered by fat margins — the hallmark of a high-quality franchise with pricing power. Capital efficiency improving — ROE up 8pp across the window.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. 53% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.2× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (4% spread) — a predictable, non-seasonal revenue stream.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 51.3% — majority control intact. FIIs trimmed 4.2pp — foreign money is rotating out. MF holding up 4.0pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.