Indus Towers P/B Ratio
Indus Towers P/B ratio. Indus Towers (INDUSTOWER) P/B ratio is 2.55 (Moderate), book value per share ₹150.29 vs Telecom average P/B of 3.88 — High - Premium to book value, growth expectations or asset-light model. For live price, earnings yield and the full fundamental profile, see Indus Towers stock price NSE.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
INDUSTOWER P/B Ratio — Valuation Insights & Book Value Analysis
Indus Towers price-to-book ratio interpretation, valuation status and historical context — current P/B 2.55 (Moderate). Analyse Indus Towers shareholding analysis to track promoter, FII and institutional holdings.
- Trading at discount to sector average PB of 3.88
Indus Towers P/B Ratio Historical Trend
INDUSTOWER annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. View Indus Towers yearly highs lows for the annual high/low range and current price position.
INDUSTOWER Historical P/B Ratio — Book Value Per Share & Year-End Price
Indus Towers annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2026 | 2.54 | ₹150.29 | ₹381.85 | ₹39,646 | Moderate |
| 2025 | 3.4 | ₹123.19 | ₹418.75 | ₹32,498 | High |
| 2024 | 3.41 | ₹100.33 | ₹341.80 | ₹27,039 | High |
| 2023 | 2.54 | ₹78.33 | ₹199.05 | ₹21,110 | Moderate |
| 2022 | 2.32 | ₹82.19 | ₹190.45 | ₹22,151 | Moderate |
INDUSTOWER vs Telecom Peers — P/B Ratio Comparison
Indus Towers P/B 2.55 vs Telecom average 3.88, median 2.37 — range -4.57–18.93.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| City Online Services | CITYONLINE | -4.57 | ₹5 | Low |
| Aksh Optifibre | AKSHOPTFBR | -3.81 | ₹115 | Low |
| Vodafone Idea | IDEA | -3.81 | ₹133,045 | Low |
| GTL Infrastructure | GTLINFRA | -0.24 | ₹1,307 | Low |
| Tata Teleservices Mahara… | TTML | -0.24 | ₹6,426 | Low |
| Tamilnadu Telecommunicat… | TNTELE | -0.21 | ₹41 | Low |
| Mahanagar Telephone Nigam | MTNL | -0.05 | ₹1,399 | Low |
| GTL | GTL | -0.01 | ₹101 | Low |
| Quadrant Televentures | QUADRANT | -0.01 | ₹22 | Low |
| Reliance Communications | RCOM | 0.0 | ₹224 | Low |