How has INDUS TOWERS (INDUSTOWER) been performing? We dig into revenue, profitability, valuation, and ownership trends.
INDUS TOWERS Revenue Trend
Compared to ₹28,962 Cr in FY2024, INDUS TOWERS's FY2025 revenue of ₹30,469 Cr marks a 5.2% improvement.
Stepping back, the 10-year revenue CAGR of 10.1% tells a positive story. INDUS TOWERS has been growing at a solid clip.
In terms of scale, INDUS TOWERS's ₹30,469 Cr in annual revenue positions it as a major telecommunication - equipment company.
It's been 5 years of continuous revenue growth for INDUS TOWERS — a pattern worth noting.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹30,469 Cr | +5.2% |
| FY2024 | ₹28,962 Cr | +0.8% |
| FY2023 | ₹28,743 Cr | +2.4% |
| FY2022 | ₹28,070 Cr | +98.4% |
| FY2021 | ₹14,151 Cr | — |
View INDUS TOWERS's full 10-year revenue trend with CAGR analysis →
INDUS TOWERS Profitability
A 64.5% improvement in net profit took INDUS TOWERS's bottom line to ₹9,932 Cr in FY2025.
Cost discipline paid off, with net profit margin expanding to 32.6% from 20.8%.
FY2025 diluted EPS of ₹37.31 was up from the ₹22.40 reported in FY2024.
Is INDUS TOWERS Undervalued
Under the P/E Ratio approach, INDUS TOWERS's estimated fair value is ₹500 (16.5% upside).
INDUS TOWERS shares are currently trading at ₹429.20.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹500 | 16.5% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for INDUS TOWERS with detailed assumptions →
INDUS TOWERS Shareholding Pattern
At 51.0%, the promoter stake is up from 50.0% — a sign of insider confidence.
Foreign investors held 25.9% of the company as of December 2025, down year-over-year from 26.4%.
As of December 2025, DIIs own 18.9% of the company — up from 18.4% a year earlier.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Dec 2025 | 51.0% | 25.9% | 18.9% | 4.0% |
| Sep 2025 | 51.0% | 26.2% | 18.2% | 4.5% |
| Jun 2025 | 50.0% | 27.5% | 18.2% | 4.3% |
| Mar 2025 | 50.0% | 26.4% | 18.4% | 5.1% |
Track quarterly shareholding changes for INDUS TOWERS →
INDUS TOWERS Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹631.70B, up 13.1% YoY from ₹558.68B.
Property, Plant & Equipment accounts for 47.5% of the total, ahead of Other Assets (42.3%) and Receivables (7.5%).
Capital structure: 51.4% equity, 33.5% debt, 15.1% operating liabilities. Over the year, debt is up 3.0% and equity is up 20.2%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 16.36B |
| Receivables | 47.68B |
| Inventories | 76.00M |
| Property, Plant & Equipment | 299.75B |
| Intangibles & Goodwill | 380.00M |
| Other Assets | 267.46B |
| Category | Value |
|---|---|
| Equity | 324.98B |
| Short-term Debt | 46.77B |
| Long-term Debt | 164.79B |
| Trade Payables | 24.45B |
| Other Liabilities | 70.71B |
INDUS TOWERS Stock Analysis
Pulling it all together, here's what the numbers say about INDUS TOWERS (INDUSTOWER) heading into the next fiscal year.
Revenue of ₹30,469 Cr in FY2025, up 5.2% year-over-year.
Long-term revenue has been compounding at 10.1% annually over 10 years.
The company is profitable, with a net margin of 32.6% and net income of ₹9,932 Cr.
The P/E Ratio model implies 16.5% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
For the complete 10-year financial history with interactive charts and growth analysis, explore INDUS TOWERS's detailed profile on Craytheon.