Indus Towers Limited
Indus Towers Limited (formerly Bharti Infratel Limited) was formed post the merger of Indus Towers Limited with Bharti Infratel Limited. It is a tower infrastructure company with pan-India operations. As on March 31, 2024, Indus had a 2,19,736-tower ...
Key Metrics
EPS
23.65
Current ratio
0.69
Debt/Equity
1.42
Debt/EBITDA
1.47
Interest coverage ratio
6.26
Operating Cashflow to total debt
0.33
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Established position in Indian tower industry
Strong financial profile and healthy liquidity position
Exit penalties and lock-ins in MSAs provide revenue cushion
Inherent business strength and strong promoter profile
Liquidity position: Strong
Cons
Weak credit profile of a key customer; increased receivables cycle and sizeable dividend outflow
Capital-intensive operations
Disclaimer: Tap Bonds gathers data directly from the respective OBPP websites but does not guarantee its accuracy. We do not offer investment advice or endorse the purchase of any securities mentioned, nor do we warrant the reliability of the information collected.
About Indus Towers Limited bond.
This comprehensive profile covers key factual information about Indus Towers Limited. Indus Towers Limited (formerly Bharti Infratel Limited) was formed post the merger of Indus Towers Limited with Bharti Infratel Limited. It is a tower infrastructure company with pan-India operations. As on March 31, 2024, Indus had a 2,19,736-tower portfolio with tenancy ratio of 1.68 times. EPS in Mar-2024 was 23.65. Current ratio in Mar-2024 was 0.69. Debt/Equity in Mar-2024 was 1.42. Debt/EBITDA in Mar-2024 was 1.47. Interest coverage ratio in Mar-2024 was 6.26. Operating Cashflow to total debt in Mar-2024 was 0.33. Total revenue for Mar-2025(E) was ₹29,618.20. Net income for Mar-2025(E) stood at ₹7,543.00. Total assets as of Mar-2024 were ₹55,867.60. Operating cash flow for Mar-2024 was ₹11,582.10. The company’s borrowing relationships include HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), Not Applicable (₹N/A Cr), Citibank N. A. (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), MUFG Bank (₹N/A Cr), Axis Bank Limited (₹N/A Cr), The Federal Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), MUFG Bank (₹N/A Cr), The Federal Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr). Peers and comparison entities consist of Indus Towers Limited, GTL Infrastructure Limited, SAR Televenture Limited, Kore Digital Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Established position in Indian tower industry ; Strong financial profile and healthy liquidity position; Exit penalties and lock-ins in MSAs provide revenue cushion; Inherent business strength and strong promoter profile ; Liquidity position: Strong. Key risks include: Weak credit profile of a key customer; increased receivables cycle and sizeable dividend outflow; Capital-intensive operations. Leadership team details include Anita Kapur (Independent Non-Executive Director), Dinesh Kumar Mittal (Chairman(NonExecutive &IndependentDirector)), Gopal Vittal (Non Executive Non IndependentDirector), Harjeet Singh Kohli (Non Executive Non IndependentDirector), Jagdish Saksena Deepak (Non Executive Non IndependentDirector), Prachur Sah (Managing Director & CEO), Rajan Bharti Mittal (Non Executive Non IndependentDirector), Ramesh Abhishek (Independent Non-Executive Director), Randeep Singh Sekhon (Non Executive Non IndependentDirector), Ravinder Takkar (Non Executive Non IndependentDirector), Samridhi Rodhe (Company Secretary & Compliance Officer), Sharad Bhansali (Independent Non-Executive Director), Sonu Bhasin (Independent Non-Executive Director), Sunil Sood (Non Executive Non IndependentDirector), Thomas Reisten (Non Executive Non IndependentDirector), Vikas Poddar (Chief Financial Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.