Indus Towers Limited vs KEC International Limited
An objective side-by-side of INDUSTOWER and KEC, both in Transmisson Line Towers / Equipment: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: INDUSTOWER Jun 2026 · KEC Mar 2026
At a glance
- Indus Towers Limited is the larger company by market value, about 9.3 times the size of KEC International Limited.
- On trailing earnings, Indus Towers Limited trades at the lower P/E (13.9 against 25.0).
- Indus Towers Limited earns the higher return on equity (18.0% against 7.0%).
- Over three years KEC International Limited has grown profits faster (55% a year against 50%).
- Over the past year the share prices returned +5.1% (INDUSTOWER) and -54.3% (KEC).
| Metric | Indus Towers INDUSTOWER |
KEC International KEC |
|---|---|---|
| Size and price | ||
| Market cap | ₹99,594 Cr | ₹10,736 Cr |
| Share price | ₹377.65 | ₹403.30 |
| Valuation | ||
| P/E | 13.92 | 24.98 |
| P/B | 2.51 | 1.74 |
| EV/EBITDA | 6.70 | 9.72 |
| PEG | 0.28 | 0.45 |
| Dividend yield | 0.0% | 1.4% |
| Profitability | ||
| ROE | 18.0% | 7.0% |
| ROCE | 19.0% | 14.0% |
| Operating margin | 54.8% | 7.8% |
| Sales (TTM) | ₹32,867 Cr | ₹21,320 Cr |
| Net profit (TTM) | ₹7,152 Cr | ₹430 Cr |
| Growth | ||
| Latest quarter sales YoY | +4.6% | -7.0% |
| Latest quarter profit YoY | +0.5% | -28.0% |
| Sales CAGR 3Y | +5.0% | +11.0% |
| Profit CAGR 3Y | +50.0% | +55.0% |
| Sales CAGR 5Y | +18.0% | +12.0% |
| Profit CAGR 5Y | +15.0% | +3.0% |
| Financial strength | ||
| Debt/Equity | 0.53 | 0.87 |
| Interest cover | 6.24 | 2.20 |
| Ownership | ||
| Promoter holding | 51.3% | 50.1% |
| Promoter change (4 qtrs) | +1.26 pp | +0.00 pp |
| Price performance | ||
| Return 1M | +2.40% | -4.90% |
| Return 3M | -8.65% | -26.03% |
| Return 1Y | +5.11% | -54.29% |
| Return YTD | -9.81% | -45.34% |
| Technical condition | ||
| Technical score | 31 | 32 |
| RS rating (1-99) | 40.00 | 4.00 |
| % vs 200-DMA | -8.91% | -27.30% |
| RSI (14) | 48.59 | 39.25 |
| % from 52-week high | -21.57% | -57.00% |
