Indus Towers Limited (INDUSTOWER) - Net Assets
Based on the latest financial reports, Indus Towers Limited (INDUSTOWER) has net assets worth Rs413.83 Billion INR (≈ $4.48 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs737.32 Billion ≈ $7.97 Billion USD) and total liabilities (Rs323.49 Billion ≈ $3.50 Billion USD). 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. Check Indus Towers Limited (INDUSTOWER) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs413.83 Billion |
| % of Total Assets | 56.13% |
| Annual Growth Rate | 7.8% |
| 5-Year Change | 78.98% |
| 10-Year Change | 155.79% |
| Growth Volatility | 15.29 |
Indus Towers Limited - Net Assets Trend (2008–2026)
This chart illustrates how Indus Towers Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Indus Towers Limited (INDUSTOWER) market capitalisation.
Annual Net Assets for Indus Towers Limited (2008–2026)
The table below shows the annual net assets of Indus Towers Limited from 2008 to 2026. Also explore Indus Towers Limited net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs396.46 Billion ≈ $4.29 Billion |
+21.99% |
| 2025-03-31 | Rs324.98 Billion ≈ $3.51 Billion |
+20.19% |
| 2024-03-31 | Rs270.39 Billion ≈ $2.92 Billion |
+28.09% |
| 2023-03-31 | Rs211.09 Billion ≈ $2.28 Billion |
-4.70% |
| 2022-03-31 | Rs221.50 Billion ≈ $2.40 Billion |
+39.51% |
| 2021-03-31 | Rs158.77 Billion ≈ $1.72 Billion |
+17.24% |
| 2020-03-31 | Rs135.42 Billion ≈ $1.46 Billion |
-6.81% |
| 2019-03-31 | Rs145.32 Billion ≈ $1.57 Billion |
-14.34% |
| 2018-03-31 | Rs169.64 Billion ≈ $1.83 Billion |
+9.45% |
| 2017-03-31 | Rs154.99 Billion ≈ $1.68 Billion |
-15.53% |
| 2016-03-31 | Rs183.48 Billion ≈ $1.98 Billion |
+7.80% |
| 2015-03-31 | Rs170.20 Billion ≈ $1.84 Billion |
-5.64% |
| 2014-03-31 | Rs180.38 Billion ≈ $1.95 Billion |
+4.92% |
| 2013-03-31 | Rs171.93 Billion ≈ $1.86 Billion |
+18.37% |
| 2012-03-31 | Rs145.24 Billion ≈ $1.57 Billion |
+3.78% |
| 2011-03-31 | Rs139.95 Billion ≈ $1.51 Billion |
+2.70% |
| 2010-03-31 | Rs136.28 Billion ≈ $1.47 Billion |
+31.65% |
| 2009-03-31 | Rs103.52 Billion ≈ $1.12 Billion |
+0.94% |
| 2008-03-31 | Rs102.55 Billion ≈ $1.11 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 27620600000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs276.21 Billion | 69.67% |
| Common Stock | Rs26.38 Billion | 6.65% |
| Other Comprehensive Income | Rs72.95 Billion | 18.40% |
| Other Components | Rs20.92 Billion | 5.28% |
| Total Equity | Rs396.46 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 |
|---|---|
|
Futu Holdings Limited
F:6FHA
|
$10.90 Billion |
|
Sime Darby Plantation Bhd
KLSE:5285
|
$10.90 Billion |
|
Texas Roadhouse Inc
NASDAQ:TXRH
|
$10.90 Billion |
|
AVIC Jonhon Optronic Technology Co Ltd
SHE:002179
|
$10.90 Billion |
|
Guangxi Guiguan Electric Power Co Ltd
SHG:600236
|
$10.89 Billion |
|
Deckers Outdoor Corporation
NYSE:DECK
|
$10.87 Billion |
|
Dongfang Electric Corp Ltd Class A
SHG:600875
|
$10.86 Billion |
|
Itaúsa - Investimentos Itaú SA
SA:ITSA3
|
$10.86 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 2025 to 2026, total equity changed from 324,983,000,000 to 396,456,000,000, a change of 71,473,000,000 (22.0%).
- Net income of 71,449,000,000 contributed positively to equity growth.
- Share repurchases of 263,000,000 reduced equity.
- New share issuances of 7,000,000 increased equity.
- Other comprehensive income decreased equity by 225,655,000,000.
- Other factors increased equity by 225,935,000,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs71.45 Billion | +18.02% |
| Share Repurchases | Rs263.00 Million | -0.07% |
| Share Issuances | Rs7.00 Million | +0.0% |
| Other Comprehensive Income | Rs-225.66 Billion | -56.92% |
| Other Changes | Rs225.94 Billion | +56.99% |
| Total Change | Rs- | 21.99% |
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: 2.54x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.04x to 2.54x 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 | Rs54.30 | Rs382.10 | x |
| 2009-03-31 | Rs54.81 | Rs382.10 | x |
| 2010-03-31 | Rs72.16 | Rs382.10 | x |
| 2011-03-31 | Rs74.10 | Rs382.10 | x |
| 2012-03-31 | Rs67.32 | Rs382.10 | x |
| 2013-03-31 | Rs79.69 | Rs382.10 | x |
| 2014-03-31 | Rs83.61 | Rs382.10 | x |
| 2015-03-31 | Rs78.89 | Rs382.10 | x |
| 2016-03-31 | Rs85.04 | Rs382.10 | x |
| 2017-03-31 | Rs71.84 | Rs382.10 | x |
| 2018-03-31 | Rs78.63 | Rs382.10 | x |
| 2019-03-31 | Rs67.36 | Rs382.10 | x |
| 2020-03-31 | Rs62.77 | Rs382.10 | x |
| 2021-03-31 | Rs73.59 | Rs382.10 | x |
| 2022-03-31 | Rs82.20 | Rs382.10 | x |
| 2023-03-31 | Rs78.34 | Rs382.10 | x |
| 2024-03-31 | Rs100.34 | Rs382.10 | x |
| 2025-03-31 | Rs120.61 | Rs382.10 | x |
| 2026-03-31 | Rs150.32 | Rs382.10 | 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): 18.02%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.99%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.80x
- Recent ROE (18.02%) is above the historical average (13.61%), 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 | Rs-9.85 Billion |
| 2009 | 1.89% | 3.83% | 0.25x | 2.00x | Rs-8.40 Billion |
| 2010 | 1.86% | 3.61% | 0.31x | 1.65x | Rs-11.10 Billion |
| 2011 | 3.94% | 6.49% | 0.36x | 1.66x | Rs-8.48 Billion |
| 2012 | 5.16% | 7.93% | 0.40x | 1.62x | Rs-7.03 Billion |
| 2013 | 5.83% | 9.76% | 0.37x | 1.61x | Rs-7.17 Billion |
| 2014 | 8.41% | 14.02% | 0.38x | 1.59x | Rs-2.86 Billion |
| 2015 | 11.71% | 17.08% | 0.43x | 1.60x | Rs2.90 Billion |
| 2016 | 12.25% | 40.43% | 0.21x | 1.47x | Rs4.13 Billion |
| 2017 | 17.72% | 45.15% | 0.29x | 1.34x | Rs11.97 Billion |
| 2018 | 14.70% | 37.66% | 0.34x | 1.16x | Rs7.97 Billion |
| 2019 | 17.16% | 36.53% | 0.40x | 1.18x | Rs10.41 Billion |
| 2020 | 24.36% | 48.92% | 0.33x | 1.49x | Rs19.44 Billion |
| 2021 | 23.80% | 27.08% | 0.31x | 2.83x | Rs21.91 Billion |
| 2022 | 28.77% | 22.99% | 0.58x | 2.17x | Rs41.58 Billion |
| 2023 | 9.66% | 7.19% | 0.61x | 2.21x | Rs-709.50 Million |
| 2024 | 22.32% | 21.11% | 0.51x | 2.07x | Rs33.32 Billion |
| 2025 | 30.56% | 32.97% | 0.48x | 1.94x | Rs66.82 Billion |
| 2026 | 18.02% | 21.99% | 0.46x | 1.80x | Rs31.80 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: $1,471,616,286
- Average return on equity (ROE) among peers: 9.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indus Towers Limited (INDUSTOWER) | Rs413.83 Billion | 0.39% | 0.78x | $10.90 Billion |
| Bharti Hexacom Ltd (BHARTIHEXA) | $59.32 Billion | 25.18% | 2.25x | $8.30 Billion |
| Mahanagar Telephone Nigam Limited (MTNL) | $-33.74 Billion | 0.00% | 0.00x | $161.27 Million |
| OnMobile Global Limited (ONMOBILE) | $6.57 Billion | -4.92% | 0.58x | $61.27 Million |
| Railtel Corporation Of India Limited (RAILTEL) | $16.25 Billion | 8.49% | 0.26x | $915.95 Million |
| Reliance Communications Limited (RCOM) | $-38.58 Billion | 0.00% | 0.00x | $26.41 Million |
| ROUTE MOBILE LIMITED (ROUTE) | $170.23 Million | 49.79% | 0.43x | $316.11 Million |
| Uniinfo Telecom Services Limited (UNIINFO) | $315.03 Million | -9.04% | 0.23x | $1.32 Million |
About Indus Towers Limited
Indus Towers Limited, a telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for telecommunication service providers in India, Nigeria, Uganda, and Zambia. It offers ground base towers, smart poles, and rooftop towers; and energy supply to telecom equipment, as well as engages in site acquisition from state governmen… Read more