Interglobe Aviation

₹4022.9 -17.3 | 0.4%

WEBSITE BSE:539448 NSE : INDIGO 10 May, 16:01

Market Cap ₹155273 Cr.

Stock P/E 21.6

P/B 75617.5

Current Price ₹4022.9

Book Value ₹ 0.1

Face Value 10

52W High ₹4188.2

Dividend Yield 0%

52W Low ₹ 2223.7

Edit Ratio

Interglobe Aviation Research see more...

Overview Inc. Year: 2004Industry: Airlines

Interglobe Aviation Limited is an primarily India-based enterprise engaged in the provision of passenger services. The Company is engaged in the enterprise of presenting domestic as well as international scheduled air transport services underneath the logo of IndiGo. It additionally presents shipment services and related allied services, along with in-flight income. The Company operates on a LCC business version. The Company has a fleet of about 276 aircrafts. IndiGo has a complete destination count of 87 with 63 domestic locations and 24 International.

Interglobe Aviation Share Price

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Peer Comparison

Interglobe Aviation Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	5608	9295	8021	12855	12498	14933	14161	16683	14944	19452
Other Income	224	190	187	164	355	477	692	594	559	610
Total Income	5833	9485	8207	13019	12852	15410	14853	17277	15503	20062
Total Expenditure	5452	7516	7983	12257	12470	11815	11662	11825	12744	14303
Operating Profit	381	1969	225	762	382	3595	3191	5452	2759	5759
Interest	569	601	633	657	728	829	918	954	1021	1095
Depreciation	1248	1234	1269	1170	1238	1342	1353	1408	1549	1666
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-1436	134	-1678	-1064	-1583	1423	920	3091	189	2999
Provision for Tax	0	4	4	0	0	1	1	0	0	0
Profit After Tax	-1436	130	-1682	-1064	-1583	1423	919	3091	189	2998
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-1436	130	-1682	-1064	-1583	1423	919	3091	189	2998
Adjusted Earnings Per Share	-37.3	3.4	-43.7	-27.6	-41.1	36.9	23.8	80.2	4.9	77.7

Interglobe Aviation Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	18581	23021	28497	35756	14641	25931	54446	65240
Other Income	810	947	1325	1536	1560	726	1435	2455
Total Income	19391	23968	29821	37292	16201	26657	55882	67695
Total Expenditure	16383	19991	28646	31671	15149	25356	47915	50534
Operating Profit	3008	3977	1176	5620	1051	1301	7966	17161
Interest	406	413	563	1902	2170	2386	3168	3988
Depreciation	457	437	760	3974	4699	5069	5103	5976
Exceptional Income / Expenses	0	0	0	0	0	0	0	0
Profit Before Tax	2144	3127	-147	-256	-5818	-6154	-304	7199
Provision for Tax	485	884	-305	-22	-12	8	1	1
Profit After Tax	1659	2242	157	-234	-5806	-6162	-306	7197
Adjustments	0	0	0	0	0	0	0	0
Profit After Adjustments	1659	2242	157	-234	-5806	-6162	-306	7197
Adjusted Earnings Per Share	45.9	58.3	4.1	-6.1	-150.9	-159.9	-7.9	186.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	110%	15%	19%	0%
Operating Profit CAGR	512%	12%	15%	0%
PAT CAGR	0%	0%	NAN%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	81%	34%	21%	NA%
ROE Average	0%	-65%	-39%	-16%
ROCE Average	0%	-505%	-298%	-201%

Interglobe Aviation Balance Sheet

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	3779	7077	6946	5878	111	-5988	-6247
Minority's Interest	0	0	0	0	0	0	0
Borrowings	2396	2241	2194	347	382	416	0
Other Non-Current Liabilities	4757	7054	9920	21795	25980	31470	43919
Total Current Liabilities	6208	7397	8617	16440	18926	22419	23853
Total Liabilities	17141	23769	27676	44460	45399	48318	61526
Fixed Assets	3794	4579	5662	16779	18817	21284	27658
Other Non-Current Assets	2477	3285	3291	5222	5766	6803	7717
Total Current Assets	10870	15905	18724	22459	20671	20231	26151
Total Assets	17141	23769	27676	44460	45399	48318	61526

Interglobe Aviation Cash Flow

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	805	153	671	728	719	509	1015
Cash Flow from Operating Activities	3782	3903	3176	6972	-1614	2091	12728
Cash Flow from Investing Activities	-3038	-4160	-2536	-4568	3197	1502	-4059
Cash Flow from Financing Activities	-1401	766	-592	-2407	-1775	-3088	-8432
Net Cash Inflow / Outflow	-657	510	47	-4	-192	505	236
Closing Cash & Cash Equivalent	153	671	728	719	509	1015	1268

Interglobe Aviation Ratios

#	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	45.9	58.33	4.09	-6.07	-150.85	-159.94	-7.93
CEPS(Rs)	58.55	69.7	23.85	97.2	-28.76	-28.38	124.43
DPS(Rs)	34	6	5	0	0	0	0
Book NAV/Share(Rs)	103.03	182.71	179.63	152.48	1.97	-156.69	-163.27
Core EBITDA Margin(%)	11.83	13.16	-0.52	11.42	-3.48	2.22	12
EBIT Margin(%)	13.73	15.38	1.46	4.6	-24.92	-14.53	5.26
Pre Tax Margin(%)	11.54	13.58	-0.52	-0.72	-39.74	-23.73	-0.56
PAT Margin (%)	8.93	9.74	0.55	-0.65	-39.66	-23.76	-0.56
Cash Profit Margin (%)	11.39	11.64	3.22	10.46	-7.56	-4.22	8.81
ROA(%)	9.68	10.96	0.64	-0.65	-12.92	-13.15	-0.56
ROE(%)	44.55	41.73	2.26	-3.66	-195.4	0	0
ROCE(%)	40	44.51	4.4	20.66	-79.48	-1434.91	0
Receivable days	3.12	3.05	3.77	3.17	5.96	3.88	2.86
Inventory Days	3.2	2.75	2.53	2.54	7.51	5.1	3.35
Payable days	2288.63	2588.3	3217.44	3099.27	0	7369.81	4058.91
PER(x)	22.89	22.05	348.87	0	0	0	0
Price/Book(x)	10.2	7.04	7.94	7.01	829.84	-12.85	-11.71
Dividend Yield(%)	3.24	0.47	0.35	0	0	0	0
EV/Net Sales(x)	1.93	1.97	1.71	0.86	3.7	2.75	1.18
EV/Core EBITDA(x)	11.95	11.4	41.4	5.5	51.57	54.84	8.05
Net Sales Growth(%)	0	23.9	23.79	25.47	-59.05	77.12	109.97
EBIT Growth(%)	0	38.79	-88.25	295.7	-321.62	-3.28	175.99
PAT Growth(%)	0	35.15	-92.99	-248.61	-2384.8	-6.12	95.04
EPS Growth(%)	0	27.08	-92.99	-248.46	-2384.05	-6.03	95.04
Debt/Equity(x)	0.7	0.35	0.35	0.12	33.04	-0.65	-0.36
Current Ratio(x)	1.75	2.15	2.17	1.37	1.09	0.9	1.1
Quick Ratio(x)	1.72	2.13	2.15	1.35	1.08	0.88	1.07
Interest Cover(x)	6.28	8.57	0.74	0.87	-1.68	-1.58	0.9
Total Debt/Mcap(x)	0.07	0.05	0.04	0.02	0.04	0.05	0.03

Interglobe Aviation Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.78	74.77	74.77	71.93	71.92	67.86	67.77	63.24	63.13	57.29
FII	18.57	17.7	16.72	18.06	17.77	19.43	19.76	20.29	18.7	23.66
DII	4.73	5.48	6.38	7.83	8.32	10.5	10.44	13.31	14.72	15.1
Public	1.92	2.05	2.13	2.19	1.98	2.21	2.02	3.15	3.46	3.95
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	28.8	28.8	28.8	27.72	27.72	26.16	26.13	24.4	24.36	22.11
FII	7.15	6.82	6.44	6.96	6.85	7.49	7.62	7.83	7.22	9.13
DII	1.82	2.11	2.46	3.02	3.21	4.05	4.03	5.14	5.68	5.83
Public	0.74	0.79	0.82	0.84	0.76	0.85	0.78	1.22	1.34	1.52
Others	0	0	0	0	0	0	0	0	0	0
Total	38.52	38.53	38.53	38.54	38.55	38.55	38.55	38.58	38.59	38.6

Pros

Debtor days have improved from 7369.81 to 4058.91days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of -65% over the last 3 years.
Stock is trading at 75617.5 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.