Indus Towers Limited
Indus Towers Limited, a telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia. It offers ground base towers, smart poles, rooftop tower, ground-based mast, microsites, fiberized connectivity solutions, feather sites, small cells, etc.; and ene… Read more
Indus Towers Limited (INDUSTOWER) - Net Assets
Latest net assets as of September 2025: ₹361.01 Billion INR
Based on the latest financial reports, Indus Towers Limited (INDUSTOWER) has net assets worth ₹361.01 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹671.91 Billion) and total liabilities (₹310.91 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹361.01 Billion |
| % of Total Assets | 53.73% |
| Annual Growth Rate | 7.02% |
| 5-Year Change | 104.69% |
| 10-Year Change | 77.12% |
| Growth Volatility | 15.39 |
Indus Towers Limited - Net Assets Trend (2008–2025)
This chart illustrates how Indus Towers Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Indus Towers Limited (2008–2025)
The table below shows the annual net assets of Indus Towers Limited from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹324.98 Billion | +20.19% |
| 2024-03-31 | ₹270.39 Billion | +28.09% |
| 2023-03-31 | ₹211.09 Billion | -4.70% |
| 2022-03-31 | ₹221.50 Billion | +39.51% |
| 2021-03-31 | ₹158.77 Billion | +17.24% |
| 2020-03-31 | ₹135.42 Billion | -6.81% |
| 2019-03-31 | ₹145.32 Billion | -14.34% |
| 2018-03-31 | ₹169.64 Billion | +9.45% |
| 2017-03-31 | ₹154.99 Billion | -15.53% |
| 2016-03-31 | ₹183.48 Billion | +7.80% |
| 2015-03-31 | ₹170.20 Billion | -5.64% |
| 2014-03-31 | ₹180.38 Billion | +4.92% |
| 2013-03-31 | ₹171.93 Billion | +18.37% |
| 2012-03-31 | ₹145.24 Billion | +3.78% |
| 2011-03-31 | ₹139.95 Billion | +2.70% |
| 2010-03-31 | ₹136.28 Billion | +31.65% |
| 2009-03-31 | ₹103.52 Billion | +0.94% |
| 2008-03-31 | ₹102.55 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Indus Towers Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 27099800000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹271.00 Billion | 83.39% |
| Common Stock | ₹26.38 Billion | 8.12% |
| Other Comprehensive Income | ₹298.60 Billion | 91.88% |
| Total Equity | ₹324.98 Billion | 100.00% |
Indus Towers Limited Competitors by Market Cap
The table below lists competitors of Indus Towers Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HAL Trust
PINK:HALFF
|
$6.36 Billion |
|
Planet Labs PBC
NYSE:PL
|
$6.37 Billion |
|
Beazley plc
PINK:BZLYF
|
$6.37 Billion |
|
Swedish Orphan Biovitrum AB (publ)
PINK:BIOVF
|
$6.37 Billion |
|
YPF Sociedad Anónima
SA:Y2PF34
|
$6.36 Billion |
|
Ivanhoe Mines Ltd.
OTCQX:IVPAF
|
$6.36 Billion |
|
Dutch Bros Inc
NYSE:BROS
|
$6.34 Billion |
|
Federal Signal Corporation
NYSE:FSS
|
$6.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Indus Towers Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 270,388,000,000 to 324,983,000,000, a change of 54,595,000,000 (20.2%).
- Net income of 99,317,000,000 contributed positively to equity growth.
- Share repurchases of 26,658,000,000 reduced equity.
- New share issuances of 8,000,000 increased equity.
- Other comprehensive income increased equity by 224,696,000,000.
- Other factors decreased equity by 242,768,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹99.32 Billion | +30.56% |
| Share Repurchases | ₹26.66 Billion | -8.2% |
| Share Issuances | ₹8.00 Million | +0.0% |
| Other Comprehensive Income | ₹224.70 Billion | +69.14% |
| Other Changes | ₹-242.77 Billion | -74.7% |
| Total Change | ₹- | 20.19% |
Book Value vs Market Value Analysis
This analysis compares Indus Towers Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.87x to 3.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | ₹54.30 | ₹427.10 | x |
| 2009-03-31 | ₹54.81 | ₹427.10 | x |
| 2010-03-31 | ₹72.16 | ₹427.10 | x |
| 2011-03-31 | ₹74.10 | ₹427.10 | x |
| 2012-03-31 | ₹67.32 | ₹427.10 | x |
| 2013-03-31 | ₹79.69 | ₹427.10 | x |
| 2014-03-31 | ₹83.61 | ₹427.10 | x |
| 2015-03-31 | ₹78.89 | ₹427.10 | x |
| 2016-03-31 | ₹85.04 | ₹427.10 | x |
| 2017-03-31 | ₹71.84 | ₹427.10 | x |
| 2018-03-31 | ₹78.63 | ₹427.10 | x |
| 2019-03-31 | ₹67.36 | ₹427.10 | x |
| 2020-03-31 | ₹62.77 | ₹427.10 | x |
| 2021-03-31 | ₹73.59 | ₹427.10 | x |
| 2022-03-31 | ₹82.20 | ₹427.10 | x |
| 2023-03-31 | ₹78.34 | ₹427.10 | x |
| 2024-03-31 | ₹100.34 | ₹427.10 | x |
| 2025-03-31 | ₹120.61 | ₹427.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Indus Towers Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 30.56%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.97%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.94x
- Recent ROE (30.56%) is above the historical average (13.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.39% | 5.73% | 0.04x | 1.57x | ₹-9.85 Billion |
| 2009 | 1.89% | 3.83% | 0.25x | 2.00x | ₹-8.40 Billion |
| 2010 | 1.86% | 3.61% | 0.31x | 1.65x | ₹-11.10 Billion |
| 2011 | 3.94% | 6.49% | 0.36x | 1.66x | ₹-8.48 Billion |
| 2012 | 5.16% | 7.93% | 0.40x | 1.62x | ₹-7.03 Billion |
| 2013 | 5.83% | 9.76% | 0.37x | 1.61x | ₹-7.17 Billion |
| 2014 | 8.41% | 14.02% | 0.38x | 1.59x | ₹-2.86 Billion |
| 2015 | 11.71% | 17.08% | 0.43x | 1.60x | ₹2.90 Billion |
| 2016 | 12.98% | 19.35% | 0.46x | 1.47x | ₹5.47 Billion |
| 2017 | 17.72% | 45.15% | 0.29x | 1.34x | ₹11.97 Billion |
| 2018 | 14.70% | 37.66% | 0.34x | 1.16x | ₹7.97 Billion |
| 2019 | 17.16% | 36.53% | 0.40x | 1.18x | ₹10.41 Billion |
| 2020 | 24.36% | 48.92% | 0.33x | 1.49x | ₹19.44 Billion |
| 2021 | 23.80% | 27.08% | 0.31x | 2.83x | ₹21.91 Billion |
| 2022 | 28.77% | 22.99% | 0.58x | 2.17x | ₹41.58 Billion |
| 2023 | 9.66% | 7.19% | 0.61x | 2.21x | ₹-709.50 Million |
| 2024 | 22.32% | 21.11% | 0.51x | 2.07x | ₹33.32 Billion |
| 2025 | 30.56% | 32.97% | 0.48x | 1.94x | ₹66.82 Billion |
Industry Comparison
This section compares Indus Towers Limited's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $-49,459,358,889
- Average return on equity (ROE) among peers: 9.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indus Towers Limited (INDUSTOWER) | ₹361.01 Billion | 0.39% | 0.86x | $6.36 Billion |
| Bharti Airtel Limited (BHARTIARTL) | $1.06 Trillion | 7.84% | 3.20x | $56.51 Billion |
| Bharti Hexacom Ltd (BHARTIHEXA) | $66.83 Billion | 9.88% | 0.45x | $1.29 Billion |
| GTL Limited (GTL) | $-59.69 Billion | 0.00% | 0.00x | $9.43 Million |
| Vodafone Idea Limited (IDEA) | $-703.20 Billion | 0.00% | 0.00x | $2.90 Billion |
| Mahanagar Telephone Nigam Limited (MTNL) | $81.03 Billion | 10.98% | 1.05x | $73.47 Million |
| OnMobile Global Limited (ONMOBILE) | $6.55 Billion | 1.03% | 0.39x | $31.84 Million |
| Railtel Corporation Of India Limited (RAILTEL) | $13.69 Billion | 10.30% | 0.75x | $279.05 Million |
| Reliance Communications Limited (RCOM) | $-914.95 Billion | 0.00% | 0.00x | $29.39 Million |
| ROUTE MOBILE LIMITED (ROUTE) | $170.23 Million | 49.79% | 0.43x | $85.93 Million |