Indus Towers share price: Indus Towers shares up 0.55% as Nifty gains

The scrip opened at Rs 247.0 and touched an intraday high and low of Rs 247.0 and Rs 242.2, respectively, in the session so far. The stock of Indus Towers Ltd. quoted a 52-week high of Rs 282.0 and a 52-week low of Rs 161.3.

As per BSE, the total market cap of the Indus Towers Ltd. stood at Rs 65985.53 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 6569.1 crore for the quarter ended 31-Mar-2021, up 58.61 per cent from previous quarter’s Rs 4141.6 crore and up 281.77 per cent from the year-ago quarter’s Rs 1720.7 crore.

The net profit for latest quarter stood at Rs 1363.7 crore, up 109.96 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2021, DIIs held 0.25 per cent stake in the firm, while foreign institutional investors held 27.08 per cent and the promoters 41.73 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 17.46 and a price-to-book ratio of 2.19. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Indus Towers Ltd. belongs to the Telecommunications – Allied Services industry.