Indus TowersNSE:INDUSTOWER -1.27%93 Net Margin % is 22.13% as of Mar. 2026, which is 26% below its 10-year median of 30.03. GuruFocus rates NSE:INDUSTOWER with a GF Score™ of 93/100 and a GF Value™ of ₹395.83 (Fairly Valued). Among 366 Telecommunication Services companies, Indus Towers ranks better than 90.16% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Indus Towers's Net Income for the
three
months ended in Mar. 2026 was ₹17,929 Mil. Indus Towers's Revenue for the
three
months ended in Mar. 2026 was ₹81,010 Mil. Therefore, Indus Towers's net margin for the quarter that ended in Mar. 2026 was 22.13%.
The historical rank and industry rank for Indus Towers's Net Margin % or its related term are showing as below:
NSE:INDUSTOWER'
s Net Margin % Range Over the Past 10 Years
Min: 7.19 Med: 30.03 Max: 48.92
Current: 21.99
NSE:INDUSTOWER's Net Margin % is ranked better than 90.16% of 366
companies
in the Telecommunication Services industry
Industry Median: 5.425
vs NSE:INDUSTOWER: 21.99
Indus Towers (NSE:INDUSTOWER) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Indus Towers Net Margin % Related Terms
Indus Towers Net Margin % Historical Data
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The historical data trend for Indus Towers's Net Margin % 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.
NSE:INDUSTOWER vs TMUS, VZ, T: Net Margin % Comparison
For the Telecom Services subindustry, Indus Towers's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Indus Towers's Net Margin % distribution charts can be found below:
* The bar in red indicates where Indus Towers's Net Margin % falls into.
* 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 (NSE:INDUSTOWER) has a Net Margin % of 22.13% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Indus Towers and its competitors. This is 26% below median its historical median of 30.03. Over the past decade, Indus Towers' Net Margin % has ranged from 7.19 to 48.92. According to the industry distribution chart, Indus Towers ranks #36 out of 366 companies in the Telecommunication Services industry, placing it in the top 9.8%.
Is Indus Towers' Net Margin % too high?
Indus Towers' current Net Margin % of 22.13% is 26% below median its 10-year median of 30.03. Over the past 10 years, this metric has ranged from a low of 7.19 to a high of 48.92. The Telecommunication Services industry median Net Margin % is 5.43. Indus Towers' value of 22.13% is 307.9% above this industry median. Based on the distribution chart, Indus Towers ranks #36 out of 366 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. 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' Net Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Indus Towers ranks #36 out of 366 companies for Net Margin %. This places Indus Towers in the top 10% of its industry — outperforming the majority of peers. The industry median Net Margin % is 5.43. Indus Towers' value of 22.13% is 307.9% above this benchmark. Historically, Indus Towers' own Net Margin % has ranged from 7.19 to 48.92 over the past decade. While the company's 10-year median is 30.03 vs. the industry median of 5.43, 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 Net Margin % for a Telecommunication Services company?
The median Net Margin % among Telecommunication Services companies is 5.43, based on 366 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indus Towers's current Net Margin % of 22.13% is 307.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Indus Towers and its competitors. For the Telecommunication Services industry, the median Net Margin % is 5.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Towers's current Net Margin % is 22.13%, which is 26% below median its own 10-year median of 30.03. 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 ₹395.83, compared to a current price of ₹393.55 — trading 0.6% below its estimated fair value. The current Net Margin % is 22.13%, which is 26% below median its 10-year median of 30.03 and 307.9% above the Telecommunication Services industry median of 5.43. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Indus Towers (NSE:INDUSTOWER), the current Net Margin % is 22.13% 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 ₹393.55 is trading 0.6% below its estimated GF Value™ of ₹395.83.
GuruFocus considers Indus Towers to be Fairly Valued.
Key valuation signals for NSE:INDUSTOWER:
Net Margin %: 22.13% (26% below median its 10-year median of 30.03)
GF Value™: ₹395.83 vs. price of ₹393.55 (0.6% below fair value)
Industry Position: 307.9% above the Telecommunication Services median (#36 of 366)
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 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
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