Indus Towers Stock Forecast

Stock Price Forecast

According to 25 analysts polled by S&P Global, Indus Towers stock has a consensus rating of "Hold" and an average price target of ₹448.80. The average 1-year stock price forecast is 9.58% higher than the current stock price, while the lowest is ₹345.00 (-15.76%) and the highest is ₹580.00 (+41.62%).

Price Target: ₹448.80 (+9.58%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	₹345.00	₹448.80	₹434.00	₹580.00
Change	-15.76%	+9.58%	+5.97%	+41.62%

* Price targets were last updated on Feb 6, 2026.

Analyst Ratings

The average analyst rating for Indus Towers stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	11	11	10	10	10	10
Buy	1	1	2	2	2	2
Hold	6	6	6	6	5	5
Sell	3	3	3	3	3	3
Strong Sell	3	3	4	4	5	5
Total	24	24	25	25	25	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ankur Rudra J.P. Morgan	J.P. Morgan	Hold Maintains ₹390.00	Hold	Maintains	₹390.00	-4.77%	Feb 6, 2026
Unknown Analyst Geojit Research No rating	Geojit Research	Buy Maintains ₹550.00	Buy	Maintains	₹550.00	+34.29%	Feb 5, 2026

Financial Forecast

Revenue This Year

344.18B

from 324.93B

5.92%

from 324.93B

Revenue Next Year

362.80B

from 344.18B

5.41%

from 344.18B

EPS This Year

28.64

from 27.09

5.71%

from 27.09

EPS Next Year

31.12

from 28.64

8.67%

from 28.64

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	277.17B	283.82B	286.01B	301.23B	324.93B	344.18B
Revenue Growth	98.63%	2.40%	0.77%	5.32%	7.87%	5.92%
Gross Profit	153.33B	156.66B	152.69B	163.92B	181.43B	203.75B
Gross Margin	55.32%	55.20%	53.39%	54.42%	55.84%	59.20%
Operating Income	96.77B	47.01B	89.24B	147.30B	108.35B	110.44B
Net Income	63.73B	20.40B	60.36B	99.32B	71.45B	75.89B
EPS	-	-	-	-	27.09	28.64
EPS Growth	-	-	-	-	-27.39%	5.71%
Forward PE	10.46	6.96	13.38	12.49	14.86	14.30
Dividend / Share	11.00	-	-	-	14.00	17.08
Free Cash Flow	31.42B	49.07B	3.71B	84.07B	43.26B	65.68B
No. Analysts	-	-	-	-	-	24

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	357.8B
Avg	344.2B
Low	334.4B

Revenue Growth

Revenue Growth	2027	2028	2029
High	10.1%
Avg	5.9%
Low	2.9%

EPS Forecast

EPS	2027	2028	2029
High	32.70
Avg	28.64
Low	26.60

EPS Growth

EPS Growth	2027	2028	2029
High	20.7%
Avg	5.7%
Low	-1.8%