Indus Towers Limited (INDUSTOWER.BO) stock analysis

In our weekly check, Indus Towers Limited is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 17 pass, warnings: 4, red flags: 3.

About Indus Towers Limited

Indus Towers Limited is a Communication Services company (Telecommunications Services) based in India, listed on BSE as INDUSTOWER.BO.

What our checks show for INDUSTOWER.BO

Red flags

• Operating profit does not cover the interest bill (0.1x): interest is paid from cash or new debt.
• The gross margin fell by 24.6 points, to 38.4%: costs are rising faster than prices.
• The stock has fallen as much as 74% from a peak. Would you have held through that?

Warning signs

• The net margin fell by 1 points over 5 years, to 22%: the company keeps less of each sale as profit.
• Revenue grew only 4.6% a year over the last 3 years.
• The stock is still below its previous peak.
• Thinly traded (about 208 thousand shares a day): buying and selling can move the price.

Strengths

• Operating cash flow is 1.98x net profit: the profit arrives as real cash.
• Earnings per share grew 53% a year over the last 3 years.
• Net profit grew 51.9% a year over the last 3 years.
• The company keeps 22% of its revenue as net profit.
• Free cash flow is 17.1% of revenue: cash for dividends, buybacks or growth.
• The price is 14 times earnings (P/E), reasonable for its growth.

Similar companies

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Questions

What grade does Indus Towers Limited (INDUSTOWER.BO) have?

In our weekly check, Indus Towers Limited is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 17 pass, warnings: 4, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of INDUSTOWER.BO stock?

This week's biggest flags for Indus Towers Limited: Weak interest cover, Gross margin falling, Deep past fall. In total 7 of 24 checks show a warning or a red flag.

What does Indus Towers Limited do?

Indus Towers Limited is a Communication Services company (Telecommunications Services) based in India, listed on BSE as INDUSTOWER.BO.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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