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Indus Towers Valuation Multiples
Discover revenue and EBITDA valuation multiples for Indus Towers and similar public comparables like Dycom Industries, TIM Brasil, KT, FiberHome and more.
Indus Towers Overview
About Indus Towers
Indus Towers Ltd Ltd is a telecommunications tower infrastructure service provider. The company deploys, owns, and manages telecom towers and communication structures for mobile operators. The company acquires and builds towers, while also owning and operating telecom towers and related infrastructure. The company generates revenue through a rental fee to tenants of mobile towers. Energy costs such as electricity and fuel charts are usually passed through to tenants. The company generates the vast majority of its revenue in India. The company's assets are located in India and are often ground-based and rooftop towers.
Founded
2006
HQ
Employees
3.8K
Website
Sectors
Financials (LTM)
EV
$13B
Indus Towers Financials
Indus Towers reported last 12-month revenue of $4B and EBITDA of $2B.
In the same LTM period, Indus Towers generated $2B in gross profit, $2B in EBITDA, and $780M in net income.
Revenue (LTM)
Indus Towers P&L
In the most recent fiscal year, Indus Towers reported revenue of $4B and EBITDA of $2B.
Indus Towers expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 61% | XXX | 57% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 69% | XXX | XXX | XXX |
| EBIT Margin | 33% | XXX | 45% | XXX | XXX | XXX |
| Net Profit | $780M | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 22% | XXX | 33% | XXX | XXX | XXX |
| Net Debt | — | — | $228M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Indus Towers Stock Performance
Indus Towers has current market cap of $12B, and enterprise value of $13B.
Market Cap Evolution
Indus Towers' stock price is $4.45.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $13B | $12B | 0.5% | XXX | XXX | XXX | $0.45 |
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Start Free TrialIndus Towers Valuation Multiples
Indus Towers trades at 3.7x EV/Revenue multiple, and 6.7x EV/EBITDA.
EV / Revenue (LTM)
Indus Towers Financial Valuation Multiples
As of April 20, 2026, Indus Towers has market cap of $12B and EV of $13B.
Equity research analysts estimate Indus Towers' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Indus Towers has a P/E ratio of 15.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $12B | XXX | $12B | XXX | XXX | XXX |
| EV (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBITDA | 6.7x | XXX | 5.3x | XXX | XXX | XXX |
| EV/EBIT | 11.3x | XXX | 8.2x | XXX | XXX | XXX |
| EV/Gross Profit | 6.1x | XXX | 6.5x | XXX | XXX | XXX |
| P/E | 15.1x | XXX | 10.0x | XXX | XXX | XXX |
| EV/FCF | 19.9x | XXX | 9.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Indus Towers Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Indus Towers Margins & Growth Rates
Indus Towers' revenue in the last 12 month grew by 6%.
Indus Towers' revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.1M for the same period.
Indus Towers' rule of 40 is 61% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Indus Towers' rule of X is 71% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Indus Towers Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 69% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | (22%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 61% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 71% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 13% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Indus Towers Public Comps
See public comps and valuation multiples for other Telecom Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Indus Towers | XXX | XXX | XXX | XXX | XXX | XXX |
| Dycom Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| TIM Brasil | XXX | XXX | XXX | XXX | XXX | XXX |
| KT | XXX | XXX | XXX | XXX | XXX | XXX |
| FiberHome | XXX | XXX | XXX | XXX | XXX | XXX |
| Liberty Broadband | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Indus Towers M&A Activity
Indus Towers acquired XXX companies to date.
Last acquisition by Indus Towers was on XXXXXXXX, XXXXX. Indus Towers acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Indus Towers
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIndus Towers Investment Activity
Indus Towers invested in XXX companies to date.
Indus Towers made its latest investment on XXXXXXXX, XXXXX. Indus Towers invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Indus Towers
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Indus Towers
| When was Indus Towers founded? | Indus Towers was founded in 2006. |
| Where is Indus Towers headquartered? | Indus Towers is headquartered in India. |
| How many employees does Indus Towers have? | As of today, Indus Towers has over 3K employees. |
| Who is the CEO of Indus Towers? | Indus Towers' CEO is Prachur Sah. |
| Is Indus Towers publicly listed? | Yes, Indus Towers is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Indus Towers? | Indus Towers trades under INDUSTOWER ticker. |
| When did Indus Towers go public? | Indus Towers went public in 2012. |
| Who are competitors of Indus Towers? | Indus Towers main competitors are Dycom Industries, TIM Brasil, KT, FiberHome. |
| What is the current market cap of Indus Towers? | Indus Towers' current market cap is $12B. |
| What is the current revenue of Indus Towers? | Indus Towers' last 12 months revenue is $4B. |
| What is the current revenue growth of Indus Towers? | Indus Towers revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Indus Towers? | Current revenue multiple of Indus Towers is 3.7x. |
| Is Indus Towers profitable? | Yes, Indus Towers is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Indus Towers? | Indus Towers' last 12 months EBITDA is $2B. |
| What is Indus Towers' EBITDA margin? | Indus Towers' last 12 months EBITDA margin is 55%. |
| What is the current EV/EBITDA multiple of Indus Towers? | Current EBITDA multiple of Indus Towers is 6.7x. |
| What is the current FCF of Indus Towers? | Indus Towers' last 12 months FCF is $656M. |
| What is Indus Towers' FCF margin? | Indus Towers' last 12 months FCF margin is 19%. |
| What is the current EV/FCF multiple of Indus Towers? | Current FCF multiple of Indus Towers is 19.9x. |
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