INDUSTOWER

Market Capitalisation: ₹91,000–₹93,000 crore  P/E Ratio (TTM): 9.5×, below industry average of 11–12×  P/B Ratio: 2.9–3.0×  ROE: 30–33%  Dividend Yield: 0.0% – no dividend paid since May 2022 P/E valuations are below peers like RailTel and Tejas Networks (PEs 11–12×). However, Indus shows stronger ROE and track record. Despite good fundamentals, the lack of dividend remains notable  ***** The Economic Times