Deep Value, Steep Dividend, Market Leader, Deep Moat

#1
Telecom Infrastructure is a major beneficiary of the recent budget, the Advent of 5G, the exponentially growing data consumption, and aggressive network roll out by incumbents. Multi asset managers chasing deep value, high quality, steep dividend plays continue to have Indus Towers as a top pick for EM Asia. Indus Towers merged with Bharti Infratel to create a tower behemoth with over 165,000 towers across all 22 circles, generating over $1.8bn in EBIDTA and over $800mn in Net profits FY 22 guidance. Significant value unlocking to happen as valuation multiples in Indus Towers converge towards global median numbers, implying 40% upside along with additional 8rs dividend in upcoming quarterly review.
 

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