Indus Towers (NSE:INDUSTOWER) Interest Coverage: 5.60 (As of Mar. 2026) — 14% Below Median


NSE:INDUSTOWER Indus Towers Ltd NSE:INDUSTOWER
93 GF Score
Price ₹383.75
GF Value ₹395.84
Valuation Fairly Valued
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What is Indus Towers Interest Coverage?

Indus Towers NSE:INDUSTOWER -1.31% 93 Interest Coverage is 5.60 as of Mar. 2026, which is 14% below its 10-year median of 6.49. GuruFocus rates NSE:INDUSTOWER with a GF Score™ of 93/100 and a GF Value™ of ₹395.84 (Fairly Valued). Among 284 Telecommunication Services companies, Indus Towers ranks better than 55.63% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Indus Towers's Operating Income for the three months ended in Mar. 2026 was ₹26,265 Mil. Indus Towers's Interest Expense for the three months ended in Mar. 2026 was ₹-4,689 Mil. Indus Towers's interest coverage for the quarter that ended in Mar. 2026 was 5.60. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Indus Towers's Interest Coverage or its related term are showing as below:

NSE:INDUSTOWER' s Interest Coverage Range Over the Past 10 Years
Min: 2.66   Med: 6.49   Max: 43.81
Current: 5.72


NSE:INDUSTOWER's Interest Coverage is ranked better than
55.63% of 284 companies
in the Telecommunication Services industry
Industry Median: 4.685 vs NSE:INDUSTOWER: 5.72

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Indus Towers  (NSE:INDUSTOWER) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Indus Towers Interest Coverage Related Terms


Indus Towers Interest Coverage Historical Data

* Premium members only.

The historical data trend for Indus Towers's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Indus Towers Interest Coverage Chart

Indus Towers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 2.66 4.76 7.77 5.72

Indus Towers Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.64 5.66 6.08 5.57 5.60

NSE:INDUSTOWER vs TMUS, VZ, T: Interest Coverage Comparison

For the Telecom Services subindustry, Indus Towers's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Indus Towers Interest Coverage vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Indus Towers's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Indus Towers's Interest Coverage falls into.


NSE:INDUSTOWER
93GF Score
Indus Towers Ltd NSE:INDUSTOWER
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indus Towers Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Indus Towers's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Indus Towers's Interest Expense was ₹-18,930 Mil. Its Operating Income was ₹108,348 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹175,294 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*108348/-18930
=5.72

Indus Towers's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Indus Towers's Interest Expense was ₹-4,689 Mil. Its Operating Income was ₹26,265 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹175,294 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*26265/-4689
=5.60

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 5.60 mean?
Indus Towers (NSE:INDUSTOWER) has a Interest Coverage of 5.60 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Indus Towers and its competitors. This is 14% below median its historical median of 6.49. Over the past decade, Indus Towers' Interest Coverage has ranged from 2.66 to 43.81. According to the industry distribution chart, Indus Towers ranks #126 out of 284 companies in the Telecommunication Services industry, placing it in the top 44.4%.
Is Indus Towers' Interest Coverage too high?
Indus Towers' current Interest Coverage of 5.60 is 14% below median its 10-year median of 6.49. Over the past 10 years, this metric has ranged from a low of 2.66 to a high of 43.81. The Telecommunication Services industry median Interest Coverage is 4.69. Indus Towers' value of 5.60 is 19.5% above this industry median. Based on the distribution chart, Indus Towers ranks #126 out of 284 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Indus Towers has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indus Towers' Interest Coverage compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Indus Towers ranks #126 out of 284 companies for Interest Coverage. This puts Indus Towers in the upper half of its industry. The industry median Interest Coverage is 4.69. Indus Towers' value of 5.60 is 19.5% above this benchmark. Historically, Indus Towers' own Interest Coverage has ranged from 2.66 to 43.81 over the past decade. While the company's 10-year median is 6.49 vs. the industry median of 4.69, Indus Towers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Telecommunication Services company?
The median Interest Coverage among Telecommunication Services companies is 4.69, based on 284 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indus Towers's current Interest Coverage of 5.60 is 19.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Indus Towers and its competitors. For the Telecommunication Services industry, the median Interest Coverage is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Towers's current Interest Coverage is 5.60, which is 14% below median its own 10-year median of 6.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indus Towers stock overvalued right now?
Based on GuruFocus' analysis, Indus Towers (NSE:INDUSTOWER) is currently considered Fairly Valued. The stock's GF Value™ is ₹395.84, compared to a current price of ₹383.75 — trading 3.1% below its estimated fair value. The current Interest Coverage is 5.60, which is 14% below median its 10-year median of 6.49 and 19.5% above the Telecommunication Services industry median of 4.69. Indus Towers' overall GF Score™ is 93/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Indus Towers (NSE:INDUSTOWER), the current Interest Coverage is 5.60 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Indus Towers (NSE:INDUSTOWER) Overvalued in 2026?

Based on GuruFocus' analysis, Indus Towers stock appears to be undervalued. The current stock price of ₹383.75 is trading 3.1% below its estimated GF Value™ of ₹395.84. GuruFocus considers Indus Towers to be Fairly Valued.

Key valuation signals for NSE:INDUSTOWER:

  • Interest Coverage: 5.60 (14% below median its 10-year median of 6.49)
  • GF Value™: ₹395.84 vs. price of ₹383.75 (3.1% below fair value)
  • GF Score™: 93/100
  • Industry Position: 19.5% above the Telecommunication Services median (#126 of 284)

No single metric tells the full story. See the NSE:INDUSTOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indus Towers Business Description

Other Exchanges 534816:India
Address DLF Cyber City, Building No. 10, 4th Floor, Tower A, Gurugram, HR, IND, 122002
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.
93GF Score

Get the complete analysis for NSE:INDUSTOWER

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹383.75
Price
₹395.84
GF Value