Close 10 Sep 1505 scanned A
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BREADTH61%above 200-DMA
ADV / DEC558 / 939
NSE close 10 Sep

INDUSTOWER

Indus Towers Limited
TelecommunicationLarge capRs 98,137 crRs 162.3 cr traded a dayInfrastructure
Close on 10 September 2026
372.00
−0.45%
52-week range24% of the way up
338.55477.75
Market cap
98,137 cr
P/E (TTM)
13.7×
industry 51×
EPS (TTM)
27.12
Revenue YoY
+4.6%
Q1 FY27
Profit YoY
+0.5%
Net margin
20.7%
-0.8pt vs a year ago
Growth trend
-0.2pt
vs last quarter’s YoY
1 month
-3.0%
Below 52w high
28.4%
RSI (14)
47
Daily swing
2.4%
average true range
Volume
1.1×
vs 20-day average
Traded
Rs 162 cr
median day
Close200-day averageMaterial filing
350400450Sep 25Nov 25Jan 26Mar 26May 26Jul 26Sep 26
260 sessions · hover for the filing behind a move

Key metrics

each ranked against every stock scanned tonight
Above the 200-day average
Bottom of the universe
-10.7%
One-year return
Around the median
+4.5%
Return on capital employed
n/a
Debt to equity
n/a
Profitable quarters, last four
of the last four reported
4 of 4
Cash conversion
cash from operations against reported profit
n/a
Revenue growth, year on year
latest reported quarter
+4.6%
Below the 52-week high
from the highest close of the year
-22.1%
1 week
−0.79%
1 month
−2.97%
3 months
−9.98%
6 months
−15.64%
1 year
+4.49%

The read

written from the numbers on this page
The evidence leans negative2 supporting, 4 against, 1 worth knowing

Supporting

  • up 4% over twelve months
  • priced at 14× earnings against an industry median of 51× — 73% below its peers

Against

  • trading 11% below its 200-day average
  • 1 of the scans it matches has historically underperformed the market
  • net margin has narrowed from 22.5% to 20.7% across four quarters
  • holders are unwinding longs quietly

Worth knowing

  • revenue grew 5% year on year in the quarter ending 30 June 2026
INDUSTOWER sits in Infrastructure — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close back above 417, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

from the filings and from the price, with the figure behind every line
Working1

Rs 162 crore changes hands on a median day, so an ordinary order is not the reason it moves.

Rs 162 cr
Needs watching2

Trading 10.7% below its 200-day average.

-10.7%

Down over three months despite being up on the year.

-10.0% 3M+4.5% 1Y
Every figure here is computed — from the company’s own filings, or from its own closing prices. The wording is generated directly from the figures.

How it has performed

price return over each window, beside the median NSE stock over the same days
this stockmedian NSE stock, same window-0.8%+0.0 pt vs market1W-3.0%-1.9 pt vs market1M-10.0%-12.6 pt vs market3M-15.6%-32.3 pt vs market6M+4.5%+7.7 pt vs market1Y

What the scans say today

1 of 47 matched on 10 Sep
INDUSTOWER matches 1 of the 47 scans today, across 1 different kinds of evidence.

Valuation against its own history

500 sessions since 26 September 2024
median 12×
16×
now 14×
INDUSTOWER trades at 14× trailing earnings, above its median of 12× over this window — 17% more expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

Recent filings

from the exchange, newest first
AGM / EGM filings were typically +0.17pt vs the market over the next 5 sessions (n=8,423) · Analyst call filings were typically +0.11pt vs the market over the next 5 sessions (n=4,339)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
7.5k7.5k7.7k8.1k8.2k8.1k8.1k8.4k29.8%53.0%20.7%Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 5% against the same quarter a year earlier
  • profit rose 1% year on year

Going against it

  • net margin narrowed from 22.1% to 20.7%
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
30 Jun · consolidated
8,4312,3471,7466.6220.7%
Q4 FY26
31 Mar · consolidated
8,1012,3651,7936.8022.1%
Q3 FY26
31 Dec · consolidated
8,1462,4201,7766.7321.8%
Q2 FY26
30 Sep · consolidated
8,1882,4781,8396.9722.5%
Q1 FY26
30 Jun · consolidated
8,0582,3341,7376.5921.6%
Q4 FY25
31 Mar · consolidated
7,7272,3631,7796.7523.0%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-3.6%
Versus 200-day average-10.7%
Below 52-week high-22.1%
Above 52-week low+9.9%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)47.1
Higher closes in last 52 of 5
Six-month return−15.64%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)2.40%
Volume versus 20-day1.1x
Median daily turnoverRs 162.3 cr

Derivatives

near expiry 2026-09-29 · 2026-09-10
Long Unwinding
Price down, open interest down. Holders are leaving quietly. Less violent than a short buildup, and easier to miss.
Futures basis versus spot+0.12%
Open interest change-1.2%
Put / call ratio0.54
Put wall (support)360
Call wall (resistance)400
Max pain380
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.

Peers

Telecommunication · 13 classified companies
INDUSTOWER trades at 13.7× trailing earnings against an industry median of 50.8× across 11 other classified companies in its industry — cheaper than them, by 73%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
CompanyMarket cap (Rs cr)P/E1 month1 yearTurnover (Rs cr)
IDEA161,4314.3+10.37%+77.59%644.7
INDUSTOWER98,13713.7−2.97%+4.49%162.3
BHARTIHEXA76,96042.2+3.58%−8.94%10.8
TATACOMM50,28950.8+1.62%+6.75%42.7
STLTECH41,883192.1+31.30%+678.11%101.4
HFCL35,70559.1+5.33%+211.72%338.9
ITI25,37196.4−7.05%−18.48%4.5
TEJASNET9,965+4.28%−8.34%113.7
RAILTEL8,43124.4−8.08%−32.20%11.5
TTML7,020162.4−5.92%−37.26%4.9
OPTIEMUS4,94668.1−0.11%−15.57%7.0
ROUTE3,15511.8−3.43%−40.46%7.2
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet

Recent sessions

what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.
SessionScansWhich
31 Aug1Closed at the very top of its range
27 Aug1Opened and closed at the same price