{"id":299822,"date":"2026-10-09T17:37:45","date_gmt":"2026-10-09T12:07:45","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299822"},"modified":"2026-10-09T17:37:45","modified_gmt":"2026-10-09T12:07:45","slug":"indus-towers-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/","title":{"rendered":"Indus Towers Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Indus Towers share price Rs 381.00 (9 October 2026). Base target Rs 410, bull Rs 497, downside risk Rs 298. PE 13.75. 52W range Rs 337.80 to Rs 481.50.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Indus Towers share price target for 2027 is Rs 410, about 7.6% above the current price of Rs 381.00. The bull case is Rs 497, and the downside risk level, which is not a target, is Rs 298. The base case assumes earnings per share grow 10.0% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 13.75. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing an Indus Towers target price for 2027 should start with where the stock sits today. At Rs 381.00 on 9 October 2026, it is 20.9% below its 52-week high of Rs 481.50 and 12.8% above its 52-week low of Rs 337.80. That range spans 43% from low to high, so the entry point matters as much as the Indus Towers price forecast itself.<\/p>\n<p>This article builds the Indus Towers share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 410 base case and the Rs 497 bull case were reached, along with a downside risk level of Rs 298.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=indus-towers-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Indus_Towers_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Indus Towers Stock Analysis: Company Overview and Key Stats\">Indus Towers Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Why_Is_Indus_Towers_Share_Price_Target_Set_at_Rs_410_for_2027\" title=\"Why Is Indus Towers Share Price Target Set at Rs 410 for 2027?\">Why Is Indus Towers Share Price Target Set at Rs 410 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Earnings_Growth_Behind_the_Indus_Towers_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Indus Towers Target Price: Five Years of Results\">Earnings Growth Behind the Indus Towers Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Valuation_Check_for_the_Indus_Towers_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Indus Towers Stock Target: PE, Price to Book and ROE\">Valuation Check for the Indus Towers Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Indus_Towers_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Indus Towers Share Price Targets for the Short Term and 12 Months\">Indus Towers Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Short_Term_Indus_Towers_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Indus Towers Stock Target Levels: Technical Setup\">Short Term Indus Towers Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#12_Month_Indus_Towers_Target_Price_for_2027\" title=\"12 Month Indus Towers Target Price for 2027\">12 Month Indus Towers Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Indus_Towers_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Indus Towers Target Price\">How EPS Growth and PE Multiple Change the Indus Towers Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Indus_Towers_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Indus Towers Stock Target in 2027\">Bull Case and Downside Risk for Indus Towers Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Bull_Case_Rs_497\" title=\"Bull Case Rs 497\">Bull Case Rs 497<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Downside_Risk_Level_Rs_298\" title=\"Downside Risk Level Rs 298\">Downside Risk Level Rs 298<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Key_Risks_to_the_Indus_Towers_Target_Price_for_2027\" title=\"Key Risks to the Indus Towers Target Price for 2027\">Key Risks to the Indus Towers Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Indus_Towers_Price_Target\" title=\"Growth Slowdown Risk for the Indus Towers Price Target\">Growth Slowdown Risk for the Indus Towers Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#How_to_Invest_in_Indus_Towers\" title=\"How to Invest in Indus Towers\">How to Invest in Indus Towers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#FAQs_on_Indus_Towers_Share_Price_Target_2027\" title=\"FAQs on Indus Towers Share Price Target 2027\">FAQs on Indus Towers Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#What_is_the_Indus_Towers_share_price_target_for_2027\" title=\"What is the Indus Towers share price target for 2027?\">What is the Indus Towers share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#What_is_the_Indus_Towers_share_price_today\" title=\"What is the Indus Towers share price today?\">What is the Indus Towers share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Is_Indus_Towers_a_buy_or_sell_at_the_current_price\" title=\"Is Indus Towers a buy or sell at the current price?\">Is Indus Towers a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Indus_Towers_shares\" title=\"What are the bull case target and downside risk level for Indus Towers shares?\">What are the bull case target and downside risk level for Indus Towers shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#What_are_the_main_risks_to_the_Indus_Towers_price_target\" title=\"What are the main risks to the Indus Towers price target?\">What are the main risks to the Indus Towers price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#What_is_the_PE_ratio_of_Indus_Towers_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Indus Towers and how does it compare with the industry?\">What is the PE ratio of Indus Towers and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#Who_owns_Indus_Towers_and_what_is_the_promoter_holding\" title=\"Who owns Indus Towers, and what is the promoter holding?\">Who owns Indus Towers, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/indus-towers-share-price-target-2027\/#What_were_Indus_Towers_latest_quarterly_results\" title=\"What were Indus Towers&#8217; latest quarterly results?\">What were Indus Towers&#8217; latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Indus_Towers_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Indus Towers Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Indus Towers (NSE: INDUSTOWER) has a market capitalisation of Rs 98,403 crore. In FY26 it reported revenue of Rs 33,312 crore and net profit of Rs 7,145 crore. The table collects the figures the Indus Towers share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/industower\/indus-towers-ltd-share-price-today\">Indus Towers<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>INDUSTOWER<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 381.00<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 481.50<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 337.80<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 98,403 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>13.75<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>18.50<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>2.48<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>18.02%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.53<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 27.12<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>3.75%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 410<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 497<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 298<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Indus_Towers_Share_Price_Target_Set_at_Rs_410_for_2027\"><\/span><strong>Why Is Indus Towers Share Price Target Set at Rs 410 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Indus Towers stock target of Rs 410 applies a PE multiple of 13.75 to a forward EPS estimate of Rs 29.82. That EPS assumes 10.0% yearly growth, the pace from FY24 to FY26, and puts the target 7.6% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Indus_Towers_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Indus Towers Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Indus Towers grew revenue from Rs 28,176 crore in FY22 to Rs 33,312 crore in FY26, a compound annual growth rate of 4.3%. Net profit grew more slowly, from Rs 6,373 crore to Rs 7,145 crore (2.9% a year), which points to margin pressure alongside the sales growth.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>28,175.70<\/td>\n<td>6,373.10<\/td>\n<td>23.65<\/td>\n<td>11.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>28,959.60<\/td>\n<td>2,040.00<\/td>\n<td>7.57<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>30,090.10<\/td>\n<td>6,036.20<\/td>\n<td>22.40<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>30,886.50<\/td>\n<td>9,931.70<\/td>\n<td>37.31<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>33,311.50<\/td>\n<td>7,144.90<\/td>\n<td>27.09<\/td>\n<td>14.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 7.9%, faster than the four-year average of 4.3%, and net profit moved down 28.1%. EPS rose from Rs 22.40 in FY24 to Rs 27.09 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Indus Towers converted 21.4% of FY26 revenue into net profit, against 32.2% in FY25, within a five-year range of 7.0% to 32.2%. EBITDA margin was 55.9% in FY26 versus 69.3% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 8,552 crore, up 5.0% from the same quarter a year earlier, while net profit of Rs 1,746 crore was up 0.5%. EBITDA came in at Rs 4,599 crore, up 2.8% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.53, and shareholders&#8217; equity grew from Rs 22,150 crore in FY22 to Rs 39,646 crore in FY26. Operating cash flow in FY26 was Rs 15,684 crore against capital expenditure of Rs 8,626 crore, leaving free cash flow of Rs 7,058 crore, or 7.2% of the current market capitalisation. In FY25 free cash flow was Rs 12,861 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Indus_Towers_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Indus Towers Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 13.75 against an industry PE of 18.50, Indus Towers trades at a discount to its industry. Price to book is 2.48 on a book value of Rs 150.44 per share, and return on equity is 18.02%. A PE of 13.75 equals an earnings yield of 7.3%, and the FY26 dividend of Rs 14.00 per share gives a yield of 3.75%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 51.26% of Indus Towers in June 2026, and promoter holding rose from 50.00% in June 2025 to 51.26% in June 2026. Foreign institutional investors (FII) held 23.20% and domestic institutions (DII) held 21.45%, which puts total institutional holding at 44.65%. FII holding fell from 27.51% in June 2025 to 23.20% in June 2026. Public shareholders own the remaining 4.09%. A meaningful institutional holding adds a layer of research coverage and trading depth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Indus_Towers_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Indus Towers Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Indus_Towers_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Indus Towers Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 381.00 on 9 October 2026, Indus Towers trades above its 50-day simple moving average of Rs 379.10 and below its 200-day exponential moving average of Rs 396.89. The 14-day RSI reads 52.9, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 396.89 (200-day exponential moving average) and the nearest support is Rs 379.10 (50-day simple moving average). A sustained move above Rs 396.89 would improve the short-term setup, while a close below Rs 379.10 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Indus_Towers_Target_Price_for_2027\"><\/span><strong>12 Month Indus Towers Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Indus Towers is Rs 410: forward EPS of Rs 29.82 at a PE of 13.75. That is 7.6% above Rs 381.00. It would still leave the stock 14.8% below its 52-week high of Rs 481.50.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Indus_Towers_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Indus Towers Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 11.00<\/th>\n<th>PE 13.75<\/th>\n<th>PE 15.81<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 27.12)<\/td>\n<td>Rs 298<\/td>\n<td>Rs 373<\/td>\n<td>Rs 429<\/td>\n<\/tr>\n<tr>\n<td>10.0% (EPS Rs 29.82)<\/td>\n<td>Rs 328<\/td>\n<td>Rs 410<\/td>\n<td>Rs 471<\/td>\n<\/tr>\n<tr>\n<td>16.0% (EPS Rs 31.45)<\/td>\n<td>Rs 346<\/td>\n<td>Rs 432<\/td>\n<td>Rs 497<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Indus Towers price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Indus_Towers_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Indus Towers Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_497\"><\/span><strong>Bull Case Rs 497<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Indus Towers price target needs EPS growth of 16.0%, which lifts forward EPS to Rs 31.45, and a PE multiple that rises 15% to 15.81. That gives Rs 497, 30.4% above the current price and above the 52-week high of Rs 481.50, so the stock would have to set a fresh 52-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_298\"><\/span><strong>Downside Risk Level Rs 298<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 27.12 and the PE falls 20% to 11.00. That gives Rs 298, 21.8% below the current price and below the 52-week low of Rs 337.80.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>16.0%<\/td>\n<td>15.81<\/td>\n<td>Rs 497<\/td>\n<td>+30.4%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>10.0%<\/td>\n<td>13.75<\/td>\n<td>Rs 410<\/td>\n<td>+7.6%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>11.00<\/td>\n<td>Rs 298<\/td>\n<td>-21.8%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Indus_Towers_Target_Price_for_2027\"><\/span><strong>Key Risks to the Indus Towers Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Indus_Towers_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Indus Towers Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 5.0% year on year, and FY26 revenue growth was 7.9%. If growth slows from here, the EPS estimate behind the Indus Towers stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Indus Towers has a market capitalisation of Rs 98,403 crore. Institutional holding is 44.65%, and promoters hold 51.26%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 21.4% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 13.75 versus an industry PE of 18.50, a de-rating toward the downside-risk PE of 11.00 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 20.9% below its 52-week high, with an RSI of 52.9 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Indus_Towers\"><\/span><strong>How to Invest in Indus Towers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Indus Towers share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 381.00 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Indus Towers&#8217; PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Indus Towers fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Indus Towers target price scenarios with your own view. If you expect EPS growth below 10.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Indus Towers live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Indus Towers share price target for 2027 is Rs 410 in the base case, with Rs 497 as the bull case. The support for that view is arithmetic you can check: EPS grew 10.0% a year over FY24 to FY26, and the stock trades at a PE of 13.75. The risks are equally concrete, including a stock that sits 20.9% below its 52-week high and a downside scenario that cuts the price 22% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Indus_Towers_Share_Price_Target_2027\"><\/span><strong>FAQs on Indus Towers Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Indus_Towers_share_price_target_for_2027\"><\/span><strong>What is the Indus Towers share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Indus Towers share price target for 2027 is Rs 410, with Rs 497 as the bull case. The downside risk level, which is not a target, is Rs 298. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Indus_Towers_share_price_today\"><\/span><strong>What is the Indus Towers share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 3:29 PM IST, Indus Towers trades at Rs 381.00, up 2.14% on the day. The 52-week range is Rs 337.80 to Rs 481.50.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Indus_Towers_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Indus Towers a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 10.0% a year over FY24 to FY26, but the stock is 20.9% below its 52-week high. Whether Indus Towers fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Indus_Towers_shares\"><\/span><strong>What are the bull case target and downside risk level for Indus Towers shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 497, which assumes 16.0% EPS growth and a PE of 15.81. The downside risk level is Rs 298, which assumes flat EPS and a PE of 11.00. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Indus_Towers_price_target\"><\/span><strong>What are the main risks to the Indus Towers price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 98,403 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Indus_Towers_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Indus Towers and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Indus Towers is 13.75 against an industry PE of 18.50. Price to book is 2.48 and return on equity is 18.02%. The base case in the Indus Towers price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Indus_Towers_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Indus Towers, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 51.26% of Indus Towers in June 2026. FII held 23.20%, DII held 21.45% and the public held 4.09%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Indus_Towers_latest_quarterly_results\"><\/span><strong>What were Indus Towers&#8217; latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Indus Towers reported revenue of Rs 8,552 crore (up 5.0% year on year) and net profit of Rs 1,746 crore (up 0.5%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Indus Towers share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Indus Towers share price target for 2027 is Rs 410, with Rs 497 as the bull case. The downside risk level, which is not a target, is Rs 298. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.\"}},{\"@type\":\"Question\",\"name\":\"What is the Indus Towers share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of 9 October 2026, 3:29 PM IST, Indus Towers trades at Rs 381.00, up 2.14% on the day. The 52-week range is Rs 337.80 to Rs 481.50.\"}},{\"@type\":\"Question\",\"name\":\"Is Indus Towers a buy or sell at the current price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The data is mixed rather than one-sided: EPS has grown 10.0% a year over FY24 to FY26, but the stock is 20.9% below its 52-week high. Whether Indus Towers fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. 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FII held 23.20%, DII held 21.45% and the public held 4.09%.\"}},{\"@type\":\"Question\",\"name\":\"What were Indus Towers' latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Indus Towers reported revenue of Rs 8,552 crore (up 5.0% year on year) and net profit of Rs 1,746 crore (up 0.5%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indus Towers share price target 2027: base Rs 410, bull Rs 497, downside risk level Rs 298, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":28,"featured_media":299821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-299822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["299821"],"rank_math_title":["Indus Towers Share Price Target 2027: Base and Bull Case"],"rank_math_description":["The Indus Towers share price target for 2027 is Rs 410 versus Rs 381.00 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["Indus Towers share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/indus-towers-share-price-target-2027-base-and-bull-targets-built-on-fy26.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=299822"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299822\/revisions"}],"predecessor-version":[{"id":299823,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299822\/revisions\/299823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/299821"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=299822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=299822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=299822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}