Case study

INDUSTOWER

INDUS TOWERS LIMITED

Screens attractive1y model +2.1%

Each stock's 10,000-path forecast, rendered as light.

80Score

INDUS TOWERS LIMITED (INDUSTOWER) Stock Analysis & Case Study

Is INDUSTOWER a good buy? The data-driven verdict.

INDUS TOWERS LIMITED (INDUSTOWER) trades at ₹386,on the numbers it screens attractive, a Downstox Snapshot Score of 80/100.

On the numbers, INDUS TOWERS LIMITED (INDUSTOWER) screens attractive, a Downstox Snapshot Score of 80/100, weighing inexpensive at 14.2× earnings, ROE of 18.6%, a 53% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

INDUSTOWER fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹1.02L Cr
Current price
₹386
P/E ratio
14.2×
P/B ratio
2.57×
Book value
₹150
Dividend yield
3.63%
ROCE
19.5%
ROE
18.6%
Piotroski F-Score
6/8

How INDUSTOWER ranks against the 2,373 companies in our screener

Is INDUSTOWER overvalued? INDUSTOWER P/E vs peers

INDUSTOWER trades at 14.2× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

INDUSTOWER share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of INDUSTOWER history (0%/yr drift, 29%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
INDUSTOWER 2027₹272₹394₹571+2%
INDUSTOWER 2028₹238₹403₹681+4%
INDUSTOWER 2029₹215₹411₹788+7%
INDUSTOWER 2030₹203₹420₹872+9%
INDUSTOWER 2031₹189₹429₹977+11%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability INDUSTOWER goes up, or doubles?

53%
Higher in 1 year
Modelled chance the price is above today in 12 months
57%
Higher in 5 years
Modelled chance the price is above today in 5 years
18%
Doubles in 5 years
Modelled chance of reaching ₹772 within 5 years

The bull case for INDUSTOWER

  • INDUSTOWER's P/E of 14.2x is lower than 76% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • INDUSTOWER's return on equity of 18.6% ranks in the 81st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • INDUSTOWER's return on capital employed of 19.5% ranks in the 79th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • INDUSTOWER's dividend yield of 3.6% ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹788.

The bear case & risks

  • No model or past record guarantees future returns, treat this as one input, not a decision.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹215.

INDUSTOWER volatility & expected range, how bumpy is the ride?

Over the last 9.8 years INDUSTOWER compounded at 0%/year with annualized volatility of 29%. That volatility implies a 1-year 80% range of ₹272-₹571, the honest backbone behind any single price target.

INDUSTOWER price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
2.1%
80% range₹272-₹571
P(price ↑)53%
P(price 2×)1%
3-Year Forecast
2029
₹0
Median (P50)
6.6%
80% range₹215-₹788
P(price ↑)55%
P(price 2×)11%
5-Year Forecast
2031
₹0
Median (P50)
11.2%
80% range₹189-₹977
P(price ↑)57%
P(price 2×)18%

INDUSTOWER price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
INDUSTOWER simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds INDUSTOWER hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the INDUSTOWER price target & forecast page.

INDUSTOWER Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. INDUSTOWER scores 6/8, mixed financial health.

INDUSTOWER MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy INDUSTOWER with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox25.40%3.9×
Zerodha24.60%4.1×
Groww24.67%4.1×
Dhan24.00%4.2×
Kotak Neo25.00%4.0×
Paytm MoneyCHEAPEST22.04%4.5×
Pocketful29.14%3.4×
Fyers30.30%3.3×
Anand Rathi28.88%3.5×
Bajaj Broking25.00%4.0×
Share India28.96%3.5×

Compare every broker on the INDUSTOWER MTF page.

About INDUS TOWERS LIMITED: sector, index & market-cap context

INDUS TOWERS LIMITED (INDUSTOWER) is a large-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹1.02L Cr. See more stocks on our screener.

How the INDUSTOWER Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of INDUS TOWERS LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

INDUSTOWER analysis, FAQs

Is INDUS TOWERS LIMITED (INDUSTOWER) a good buy?

On the numbers, INDUS TOWERS LIMITED (INDUSTOWER) screens attractive, a Downstox Snapshot Score of 80/100, weighing inexpensive at 14.2× earnings, ROE of 18.6%, a 53% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is INDUSTOWER overvalued or undervalued?

INDUSTOWER trades at 14.2× earnings, inexpensive versus the ~22× long-run Nifty average.

What is the INDUSTOWER share price target for 2031?

INDUSTOWER's probability-weighted 2031 median target is ₹429, with an 80% range of ₹189-₹977 (10,000-path Monte-Carlo).

What is the probability INDUSTOWER doubles in 5 years?

The modelled probability of INDUSTOWER reaching ₹772 (2×) within 5 years is 18%.

What is the bull case for INDUSTOWER?

INDUSTOWER's P/E of 14.2x is lower than 76% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. INDUSTOWER's return on equity of 18.6% ranks in the 81st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. INDUSTOWER's return on capital employed of 19.5% ranks in the 79th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

What are the risks in INDUSTOWER?

No model or past record guarantees future returns, treat this as one input, not a decision.

More on INDUSTOWER