Indus Towers (NSE:INDUSTOWER) Intrinsic Value: DCF (Dividends Based): ₹ (As of Aug. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:INDUSTOWER Indus Towers Ltd NSE:INDUSTOWER
95 GF Score
Price ₹372.40
GF Value ₹409.87
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Indus Towers Intrinsic Value: DCF (Dividends Based)?

Indus Towers NSE:INDUSTOWER 95 Intrinsic Value: DCF (Dividends Based) is ₹ as of Aug. 20, 2026. GuruFocus rates NSE:INDUSTOWER with a GF Score™ of 95/100 and a GF Value™ of ₹409.87 (Fairly Valued). The stock has 2 warning signs investors should review. Among 55 Telecommunication Services companies, Indus Towers ranks worse than 1818180% on this metric.

As of today (2026-08-20), Indus Towers's intrinsic value calculated from the Discounted Dividend model is .

Note: Discounted Dividend model is only suitable for companies who have a consistant distribution history. If the company's dividends does not remain steady over a long period, results may not be accurate due to the low consistency. The model is also only suitable for predictable companies (Business Predictability Rank higher than 1-Star) with dividend payments. If the company's Predictability Rank is 1-Star or Not Rated, or if the company does not pay dividend, the data will not be stored into our database.

Indus Towers's Predictability Rank is 4.5-Stars.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for Indus Towers is

The historical rank and industry rank for Indus Towers's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:

NSE:INDUSTOWER's Price-to-DCF (Dividends Based) is not ranked *
in the Telecommunication Services industry.
Industry Median: 0.98
* Ranked among companies with meaningful Price-to-DCF (Dividends Based) only.

Indus Towers  (NSE:INDUSTOWER) Intrinsic Value: DCF (Dividends Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Dividends model evaluates the companies based on their power of future dividend distribution instead of their assets.


Be Aware

What you need to know about Discounted Dividends model:

1. The Discounted Dividends model evaluates a company based on its future dividends distribution power
2. Dividend growth is taken into account; therefore a company with a higher dividend growth rate is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies with consistently steady dividends distributed.
4. The Discounted Dividends model works poorly for inconsistent dividends distributor like high growth companies.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less dividends distributed.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) and Intrinsic Value: DCF (Dividends Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


Indus Towers Intrinsic Value: DCF (Dividends Based) Related Terms


Indus Towers Intrinsic Value: DCF (Dividends Based) Historical Data

* Premium members only.

The historical data trend for Indus Towers's Intrinsic Value: DCF (Dividends Based) 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.

Indus Towers Intrinsic Value: DCF (Dividends Based) Chart

Indus Towers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Intrinsic Value: DCF (Dividends Based)
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Indus Towers Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: DCF (Dividends Based) 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 0.00 0.00 0.00 0.00 0.00

NSE:INDUSTOWER vs VZ, TMUS, T: Intrinsic Value: DCF (Dividends Based) Comparison

For the Telecom Services subindustry, Indus Towers's Price-to-DCF (Dividends Based), along with its competitors' market caps and Price-to-DCF (Dividends Based) 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 Price-to-DCF (Dividends Based) vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Indus Towers's Price-to-DCF (Dividends Based) distribution charts can be found below:

* The bar in red indicates where Indus Towers's Price-to-DCF (Dividends Based) falls into.


NSE:INDUSTOWER
95GF Score
Indus Towers Ltd NSE:INDUSTOWER
Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indus Towers Intrinsic Value: DCF (Dividends Based) Calculation

This is the intrinsic value calculated from the Discounted Dividend Model with default parameters. The calculation method is the same as Discounted Cash Flow model except adjusted dividend are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.

Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DDM calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 14%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 7.02%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Dividend Growth Rate in the growth stage: g1 = %
The Growth Rate in the growth stage is initially set as the default 10-Year Dividend Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year Dividend Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year Dividend Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=>

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = ₹.
GuruFocus uses adjusted dividends per share by default to ensure that the valuation reflects the total value of the company, as the actual dividend is only a portion of the total value.

All of the default settings can be changed in the DCF calculator and the results are calculated automatically.

Indus Towers's Intrinsic Value: DCF (Dividends Based) for today is calculated as:

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+)/(1+0.14) =
and y = (1+g2)/(1+d) = (1+)/(1+0.14) =

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Dividends per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=*
=

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= ( - 372.40) /

* 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.

What does a Intrinsic Value: DCF (Dividends Based) of ₹ mean?
Indus Towers (NSE:INDUSTOWER) has a Intrinsic Value: DCF (Dividends Based) of ₹ as of Aug. 20, 2026. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Indus Towers and its competitors. According to the industry distribution chart, Indus Towers ranks #999999 out of 55 companies in the Telecommunication Services industry.
Is Indus Towers' Intrinsic Value: DCF (Dividends Based) too high?
Indus Towers' current Intrinsic Value: DCF (Dividends Based) is ₹. Based on the distribution chart, Indus Towers ranks #999999 out of 55 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Indus Towers has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indus Towers' Intrinsic Value: DCF (Dividends Based) compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Indus Towers ranks #999999 out of 55 companies for Intrinsic Value: DCF (Dividends Based). This places Indus Towers in the lower half of its industry. The industry median Intrinsic Value: DCF (Dividends Based) is 0.98. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (Dividends Based) for a Telecommunication Services company?
The median Intrinsic Value: DCF (Dividends Based) among Telecommunication Services companies is 0.98, based on 55 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (Dividends Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (Dividends Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: DCF (Dividends Based) mean?
A high Intrinsic Value: DCF (Dividends Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Indus Towers and its competitors. For the Telecommunication Services industry, the median Intrinsic Value: DCF (Dividends Based) is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Towers's current Intrinsic Value: DCF (Dividends Based) is ₹. 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 ₹409.87, compared to a current price of ₹372.40 — trading 9.1% below its estimated fair value. The current Intrinsic Value: DCF (Dividends Based) is ₹. Indus Towers' overall GF Score™ is 95/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (Dividends Based) calculated?
Intrinsic Value: DCF (Dividends Based) is calculated from a company's financial statements. For Indus Towers (NSE:INDUSTOWER), the current Intrinsic Value: DCF (Dividends Based) is ₹ as of Aug. 20, 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 ₹372.40 is trading 9.1% below its estimated GF Value™ of ₹409.87. GuruFocus considers Indus Towers to be Fairly Valued.

Key valuation signals for NSE:INDUSTOWER:

  • Intrinsic Value: DCF (Dividends Based):
  • GF Value™: ₹409.87 vs. price of ₹372.40 (9.1% below fair value)
  • GF Score™: 95/100 with 2 warning signs

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.
95GF Score

Get the complete analysis for NSE:INDUSTOWER

Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹372.40
Price
₹409.87
GF Value