Indus Towers (NSE:INDUSTOWER) ROCE %: 18.19% (As of Mar. 2026)


NSE:INDUSTOWER Indus Towers Ltd NSE:INDUSTOWER
93 GF Score
Price ₹393.55
GF Value ₹395.83
Valuation Fairly Valued
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What is Indus Towers ROCE %?

Indus Towers NSE:INDUSTOWER -1.27% 93 ROCE % is 18.19% as of Mar. 2026. GuruFocus rates NSE:INDUSTOWER with a GF Score™ of 93/100 and a GF Value™ of ₹395.83 (Fairly Valued).

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Indus Towers's annualized ROCE % for the quarter that ended in Mar. 2026 was 18.19%.

Indus Towers  (NSE:INDUSTOWER) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Indus Towers ROCE % Related Terms

Indus Towers ROCE % Historical Data

* Premium members only.

The historical data trend for Indus Towers's ROCE % 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 ROCE % Chart

Indus Towers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.61 11.42 23.62 30.30 19.86

Indus Towers Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 21.57 21.04 20.46 20.23 18.19
NSE:INDUSTOWER
93GF Score
Indus Towers Ltd NSE:INDUSTOWER
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Indus Towers ROCE % Calculation

Indus Towers's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=114908/( ( (631702 - 97868) + (713161 - 90030) )/ 2 )
=114908/( (533834+623131)/ 2 )
=114908/578482.5
=19.86 %

Indus Towers's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=113368/( ( (0 - 0) + (713161 - 90030) )/ 1 )
=113368/( ( 0 + 623131 )/ 1 )
=113368/623131
=18.19 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 18.19% mean?
Indus Towers (NSE:INDUSTOWER) has a ROCE % of 18.19% as of Mar. 2026.
Is Indus Towers' ROCE % too high?
Indus Towers' current ROCE % is 18.19%. The Telecommunication Services industry median ROCE % is 7.67. Indus Towers' value of 18.19% is 137.3% above this industry median. 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' ROCE % compare to TMUS and VZ?
Indus Towers' ROCE % of 18.19% can be compared against companies in the Telecommunication Services industry. The industry median ROCE % is 7.67. Indus Towers' value of 18.19% is 137.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Telecommunication Services company?
The median ROCE % among Telecommunication Services companies is 7.67, based on 354 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indus Towers's current ROCE % of 18.19% is 137.3% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Telecommunication Services industry, the median ROCE % is 7.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Towers's current ROCE % is 18.19%. 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 ROCE % is 18.19% and 137.3% above the Telecommunication Services industry median of 7.67. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Indus Towers (NSE:INDUSTOWER), the current ROCE % is 18.19% 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:

  • ROCE %: 18.19%
  • GF Value™: ₹395.83 vs. price of ₹393.55 (0.6% below fair value)
  • GF Score™: 93/100
  • Industry Position: 137.3% above the Telecommunication Services median

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

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

₹393.55
Price
₹395.83
GF Value