Indus Towers Ltd.

Financial

	Indus Towers	Tata Communications	Tejas Networks
Operational Metrics
Telecom Towers
Number of Towers	229658.0	n/a	n/a
Sharing Revenue per Tower per month	68080.0 Rs	n/a	n/a
Average Sharing Factor	1.66	n/a	n/a
Financials
5 yr Average ROE	21.78 %	284.43 %	-4.22 %
5yr average Equity Multiplier	2.13	42.52	1.41
5yr Average Asset Turnover Ratio	0.48	0.84	0.32
5yr Avg Net Profit Margin	25.46 %	6.07 %	-13.28 %
Price to Book	3.32	26.87	5.18
P/E	12.48	42.75	42.4
5yr Avg Cash Conversion Cycle	72.23 Days	58.63 Days	218.42 Days
Inventory Days	0.0	1.54 Days	206.77 Days
Days Receivable	72.23 Days	56.51 Days	141.0 Days
Days Payable	32.44 Days	37.35 Days	165.52 Days
5yr Average Interest Coverage Ratio	6.65	4.25	-8.86
5yr Avg ROCE	18.77 %	18.01 %	-2.54 %
5yr Avg Operating Profit Margin	48.38 %	22.61 %	-3.66 %
5 yr average Debt to Equity	0.26	19.4	0.11
5yr CAGR Net Profit	12.85 %	n/a	n/a
5yr Average Return on Assets	10.81 %	5.23 %	-4.03 %
Shareholdings
Promoter Holding	50.0 %	58.86 %	55.42 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-19.85 %	0.0	55.42 %
Change in Mutual Fund Holding (3 Yrs)	12.52 %	5.65 %	-0.81 %

Business

	Indus Towers	Tata Communications	Tejas Networks
Product Wise Break-Up	Product Wise Break-Up Telecom Tower 100.0 0 IPL Lease 0 Ethernet 0 Internet connectivity 0 Global Virtual Private Network 0 Rendering of services 0 Component sales 0 0	Product Wise Break-Up Internet 17.86 Component sales 0 0 Telecom Tower 0 Ethernet 7.31 Unified Communications and Collaboration (UCC) 7.11 Global Virtual Private Network 11.51 Rendering of services 0 IPL Lease 9.67 Others 46.54	Product Wise Break-Up Internet connectivity 0 Component sales 0 Optical and Data Networking products including multiplexers 86.96 Telecom Tower 0 Ethernet 0 0 Global Virtual Private Network 0 Rendering of services 6.7 IPL Lease 0 Others 6.34
Location Wise Break-Up	Location Wise Break-Up Indi 100.0 Singapore 0 UK 0 South Africa 0 USA 0 Rest of the World 0	Location Wise Break-Up USA 18.88 Rest of the World 0 South Africa 0 UK 6.98 Indi 0 Singapore 4.88 Others 69.26	Location Wise Break-Up USA 0 Rest of the World 6.27 South Africa 0 UK 0 Indi 0 Singapore 0 Others 93.73