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Indus Towers P/B Ratio

Current P/B Ratio
2.48
Moderate Valuation
High - Premium to book value, growth expectations or asset-light model

Indus Towers (INDUSTOWER) P/B ratio is 2.48 (Moderate), book value per share ₹150.29 vs Telecom average P/B of 3.7 — High - Premium to book value, growth expectations or asset-light model. Read Indus Towers dividend policy for the complete payout history and dividend yield track record.

Current Valuation Metrics

P/B Ratio 2.48
Current Price ₹375.90
Book Value/Share ₹150.29
Exchange NSE

Book Value Breakdown (2026)

Balance Sheet Components
Total Equity ₹39,646 Cr
Share Capital ₹2,638 Cr
Reserves & Surplus ₹37,050 Cr
Outstanding Shares 2,638,000,000
Book Value per Share ₹150.29

Valuation Signal

Signal Fairly Valued
Historical Avg 2.83
Historical Range 2.32 - 3.41
Percentile 20.0%

Sector Context

Sector Average 3.7
Sector Median 2.43
Sector Rank #11 of 43
Sector Percentile 25.6%

INDUSTOWER P/B Ratio — Valuation Insights & Book Value Analysis

Indus Towers price-to-book ratio interpretation, valuation status and historical context — current P/B 2.48 (Moderate). For live price, earnings yield and the full fundamental profile, see Indus Towers stock price NSE.

  • Trading at discount to sector average PB of 3.7

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. Explore INDUSTOWER Benjamin Graham valuation to estimate fundamental worth using multiple valuation models.

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 2.5 ₹150.29 ₹375.90 ₹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 2.48 vs Telecom average 3.7, median 2.43 — range -4.55–14.82.

Sector Average
3.7
Sector Median
2.43
Lowest P/B
-4.55
Highest P/B
14.82
Companies
43
Company Symbol P/B Ratio Market Cap (₹ Cr) Valuation
Aksh Optifibre AKSHOPTFBR -4.55 ₹143 Low
Vodafone Idea IDEA -4.53 ₹162,190 Low
City Online Services CITYONLINE -3.64 ₹4 Low
GTL Infrastructure GTLINFRA -0.29 ₹1,486 Low
Tata Teleservices Mahara… TTML -0.25 ₹6,960 Low
Tamilnadu Telecommunicat… TNTELE -0.21 ₹41 Low
Mahanagar Telephone Nigam MTNL -0.05 ₹1,499 Low
GTL GTL -0.02 ₹112 Low
Quadrant Televentures QUADRANT -0.01 ₹22 Low
Reliance Communications RCOM 0.0 ₹279 Low