Indus Towers Balance Sheet
- Market cap
- ₹1.01 lakh crore
- P/E
- 14.2
- P/B
- 2.45
- ROE
- 19.8%
- Dividend yield
- 3.65%
As of Mar 2022, Indus Towers had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings fell 93.75% from Mar 2023.
Indus Towers balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 2,695 | 2,695 | 2,638 | 2,638 |
| Reserves | 8,500 | 10,949 | 16,985 | 27,100 | 34,225 |
| Borrowings | 1,200 | 19,185 | 20,531 | 21,156 | 21,127 |
| Other liabilities | 3,500 | 6,278 | 8,298 | 9,516 | 10,544 |
| Total liabilities | 13,700 | 46,572 | 55,868 | 63,170 | 71,316 |
| Fixed assets | 6,500 | 32,727 | 39,728 | 44,919 | 50,115 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 9,314 | 11,174 | 12,634 | 14,263 |
| Other assets | 4,300 | 13,972 | 16,760 | 18,951 | 21,395 |
| Total assets | 13,700 | 46,572 | 55,868 | 63,170 | 71,316 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Indus Towers balance sheet — frequently asked questions
What is the total debt of Indus Towers?
Indus Towers reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹19,185 crore as of Mar 2023.
What is Indus Towers' debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Indus Towers' debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Indus Towers' total assets?
Indus Towers' total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
Same Data For Peers
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.