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Indus TowersNSE:INDUSTOWER -0.31%94 Return-on-Tangible-Equity is 18.11% as of Mar. 2026, which is 16% below its 10-year median of 21.68. GuruFocus rates NSE:INDUSTOWER with a GF Score™ of 94/100 and a GF Value™ of ₹396.80 (Fairly Valued). Among 324 Telecommunication Services companies, Indus Towers ranks better than 55.86% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Indus Towers's annualized net income for the quarter that ended in Mar. 2026 was ₹71,716 Mil. Indus Towers's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹395,973 Mil. Therefore, Indus Towers's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.11%.
The historical rank and industry rank for Indus Towers's Return-on-Tangible-Equity or its related term are showing as below:
NSE:INDUSTOWER'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.44 Med: 21.68 Max: 33.56
Current: 19.83
During the past 13 years, Indus Towers's highest Return-on-Tangible-Equity was 33.56%. The lowest was 9.44%. And the median was 21.68%.
NSE:INDUSTOWER's Return-on-Tangible-Equity is ranked better than 55.86% of 324
companies
in the Telecommunication Services industry
Industry Median: 14.255
vs NSE:INDUSTOWER: 19.83
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Indus Towers Return-on-Tangible-Equity Related Terms
Indus Towers Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Indus Towers's Return-on-Tangible-Equity 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: Return-on-Tangible-Equity Comparison
For the Telecom Services subindustry, Indus Towers's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Indus Towers's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Indus Towers's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 18.11% mean?
Indus Towers (NSE:INDUSTOWER) has a Return-on-Tangible-Equity of 18.11% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Indus Towers and its competitors. This is 16% below median its historical median of 21.68. Over the past decade, Indus Towers' Return-on-Tangible-Equity has ranged from 9.44 to 33.56. According to the industry distribution chart, Indus Towers ranks #143 out of 324 companies in the Telecommunication Services industry, placing it in the top 44.1%.
Is Indus Towers' Return-on-Tangible-Equity too high?
Indus Towers' current Return-on-Tangible-Equity of 18.11% is 16% below median its 10-year median of 21.68. Over the past 10 years, this metric has ranged from a low of 9.44 to a high of 33.56. The Telecommunication Services industry median Return-on-Tangible-Equity is 14.26. Indus Towers' value of 18.11% is 27% above this industry median. Based on the distribution chart, Indus Towers ranks #143 out of 324 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Indus Towers has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indus Towers' Return-on-Tangible-Equity compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Indus Towers ranks #143 out of 324 companies for Return-on-Tangible-Equity. This puts Indus Towers in the upper half of its industry. The industry median Return-on-Tangible-Equity is 14.26. Indus Towers' value of 18.11% is 27% above this benchmark. Historically, Indus Towers' own Return-on-Tangible-Equity has ranged from 9.44 to 33.56 over the past decade. While the company's 10-year median is 21.68 vs. the industry median of 14.26, 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 Return-on-Tangible-Equity for a Telecommunication Services company?
The median Return-on-Tangible-Equity among Telecommunication Services companies is 14.26, based on 324 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indus Towers's current Return-on-Tangible-Equity of 18.11% is 27% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Indus Towers and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Equity is 14.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Towers's current Return-on-Tangible-Equity is 18.11%, which is 16% below median its own 10-year median of 21.68. 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 ₹396.80, compared to a current price of ₹405.65 — trading 2.2% above its estimated fair value. The current Return-on-Tangible-Equity is 18.11%, which is 16% below median its 10-year median of 21.68 and 27% above the Telecommunication Services industry median of 14.26. Indus Towers' overall GF Score™ is 94/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Indus Towers (NSE:INDUSTOWER), the current Return-on-Tangible-Equity is 18.11% 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 overvalued.
The current stock price of ₹405.65 is trading 2.2% above its estimated GF Value™ of ₹396.80.
GuruFocus considers Indus Towers to be Fairly Valued.
Key valuation signals for NSE:INDUSTOWER:
Return-on-Tangible-Equity: 18.11% (16% below median its 10-year median of 21.68)
GF Value™: ₹396.80 vs. price of ₹405.65 (2.2% above fair value)
Industry Position: 27% above the Telecommunication Services median (#143 of 324)
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.
94GF Score
Get the complete analysis for NSE:INDUSTOWER
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