Interglobe Aviation

₹5852 50.2 | 0.9%

WEBSITE BSE:539448 NSE : INDIGO 09 Jul, 15:58

Market Cap ₹226193 Cr.

Stock P/E 27.7

P/B 24.1

Current Price ₹5852

Book Value ₹ 242.4

Face Value 10

52W High ₹6019.2

Dividend Yield 0.17%

52W Low ₹ 3778.5

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.)	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Net Sales	14933	14161	16683	14944	19452	17825	19571	16970	22111	22152
Other Income	477	692	594	559	610	680	678	789	882	946
Total Income	15410	14853	17277	15503	20062	18505	20249	17759	22993	23098
Total Expenditure	11815	11662	11825	12744	14303	13832	14412	15339	16932	16063
Operating Profit	3595	3191	5452	2759	5759	4673	5837	2421	6061	7035
Interest	829	918	954	1021	1095	1099	1158	1240	1308	1374
Depreciation	1342	1353	1408	1549	1666	1803	1876	2088	2226	2491
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1423	920	3091	189	2999	1771	2804	-907	2527	3169
Provision for Tax	1	1	0	0	0	-124	75	80	78	102
Profit After Tax	1423	919	3091	189	2998	1895	2729	-987	2449	3068
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1423	919	3091	189	2998	1895	2729	-987	2449	3068
Adjusted Earnings Per Share	36.9	23.8	80.2	4.9	77.7	49.1	70.7	-25.5	63.4	79.4

Interglobe Aviation Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	18581	23021	28497	35756	14641	25931	54446	68904	80804
Other Income	810	947	1325	1536	1560	726	1435	2327	3295
Total Income	19391	23968	29821	37292	16201	26657	55881	71231	84099
Total Expenditure	16383	19991	28646	31671	15149	25356	47915	52548	62746
Operating Profit	3008	3977	1176	5620	1051	1301	7966	18683	21354
Interest	406	413	563	1902	2170	2386	3168	4208	5080
Depreciation	457	437	760	3974	4699	5069	5103	6426	8681
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	2144	3127	-147	-256	-5818	-6154	-304	8049	7593
Provision for Tax	485	884	-305	-22	-12	8	1	-123	335
Profit After Tax	1659	2242	157	-234	-5806	-6162	-306	8172	7259
Adjustments	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1659	2242	157	-234	-5806	-6162	-306	8172	7259
Adjusted Earnings Per Share	45.9	58.3	4.1	-6.1	-150.9	-159.9	-7.9	211.7	188

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	68%	19%	0%
Operating Profit CAGR	135%	161%	74%	0%
PAT CAGR	0%	0%	120%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	36%	51%	42%	NA%
ROE Average	0%	0%	-40%	-14%
ROCE Average	0%	-478%	-299%	-176%

Interglobe Aviation Balance Sheet

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	3779	7077	6946	5878	111	-5988	-6247	1996
Minority's Interest	0	0	0	0	0	0	0	0
Borrowings	2396	2241	2194	347	382	416	0	0
Other Non-Current Liabilities	4757	7054	9920	21795	25980	31470	43919	51659
Total Current Liabilities	6208	7397	8617	16440	18926	22419	23853	30801
Total Liabilities	17141	23769	27676	44460	45399	48318	61526	84457
Fixed Assets	3794	4579	5662	16779	18817	21284	27658	36154
Other Non-Current Assets	2477	3285	3291	5222	5766	6803	7717	12448
Total Current Assets	10870	15905	18724	22459	20671	20231	26151	35855
Total Assets	17141	23769	27676	44460	45399	48318	61526	84457

Interglobe Aviation Cash Flow

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	805	153	671	728	719	509	1015	1268
Cash Flow from Operating Activities	3782	3903	3176	6972	-1614	2091	12728	21218
Cash Flow from Investing Activities	-3038	-4160	-2536	-4568	3197	1502	-4059	-11809
Cash Flow from Financing Activities	-1401	766	-592	-2407	-1775	-3088	-8432	-9979
Net Cash Inflow / Outflow	-657	510	47	-4	-192	505	236	-570
Closing Cash & Cash Equivalent	153	671	728	719	509	1015	1268	695

Interglobe Aviation Ratios

#	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	45.9	58.33	4.09	-6.07	-150.85	-159.94	-7.93	211.73
CEPS(Rs)	58.55	69.7	23.85	97.2	-28.76	-28.38	124.43	378.21
DPS(Rs)	34	6	5	0	0	0	0	0
Book NAV/Share(Rs)	103.03	182.71	179.63	152.48	1.97	-156.69	-163.27	50.15
Core EBITDA Margin(%)	11.83	13.16	-0.52	11.42	-3.48	2.22	12	23.74
EBIT Margin(%)	13.73	15.38	1.46	4.6	-24.92	-14.53	5.26	17.79
Pre Tax Margin(%)	11.54	13.58	-0.52	-0.72	-39.74	-23.73	-0.56	11.68
PAT Margin (%)	8.93	9.74	0.55	-0.65	-39.66	-23.76	-0.56	11.86
Cash Profit Margin (%)	11.39	11.64	3.22	10.46	-7.56	-4.22	8.81	21.19
ROA(%)	9.68	10.96	0.64	-0.65	-12.92	-13.15	-0.56	11.2
ROE(%)	44.55	41.73	2.26	-3.66	-195.4	0	0	0
ROCE(%)	40	44.51	4.4	20.66	-79.48	-1434.91	0	0
Receivable days	3.12	3.05	3.77	3.17	5.96	3.88	2.86	3.08
Inventory Days	3.2	2.75	2.53	2.54	7.51	5.1	3.35	3.22
Payable days	2288.63	2588.3	3217.44	3099.27	0	7369.81	4058.91	3394.69
PER(x)	22.89	22.05	348.87	0	0	0	0	16.74
Price/Book(x)	10.2	7.04	7.94	7.01	829.84	-12.85	-11.71	70.68
Dividend Yield(%)	3.24	0.47	0.35	0	0	0	0	0
EV/Net Sales(x)	1.93	1.97	1.71	0.86	3.7	2.75	1.18	1.77
EV/Core EBITDA(x)	11.95	11.4	41.4	5.5	51.57	54.84	8.05	6.53
Net Sales Growth(%)	0	23.9	23.79	25.47	-59.05	77.12	109.97	26.55
EBIT Growth(%)	0	38.79	-88.25	295.7	-321.62	-3.28	175.99	328.08
PAT Growth(%)	0	35.15	-92.99	-248.61	-2384.8	-6.12	95.04	2772.58
EPS Growth(%)	0	27.08	-92.99	-248.46	-2384.05	-6.03	95.04	2769.59
Debt/Equity(x)	0.7	0.35	0.35	0.12	33.04	-0.65	-0.36	0.98
Current Ratio(x)	1.75	2.15	2.17	1.37	1.09	0.9	1.1	1.16
Quick Ratio(x)	1.72	2.13	2.15	1.35	1.08	0.88	1.07	1.14
Interest Cover(x)	6.28	8.57	0.74	0.87	-1.68	-1.58	0.9	2.91
Total Debt/Mcap(x)	0.07	0.05	0.04	0.02	0.04	0.05	0.03	0.01

Interglobe Aviation Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	71.92	67.86	67.77	63.24	63.13	57.29	55.29	49.29	49.27	49.27
FII	17.77	19.43	19.76	20.29	18.7	23.66	24.44	25.39	24.82	25.12
DII	8.32	10.5	10.44	13.31	14.72	15.1	15.44	20.66	21.21	20.73
Public	1.98	2.21	2.02	3.15	3.46	3.95	4.83	4.65	4.69	4.88
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	27.72	26.16	26.13	24.4	24.36	22.11	21.34	19.04	19.04	19.04
FII	6.85	7.49	7.62	7.83	7.22	9.13	9.43	9.81	9.59	9.71
DII	3.21	4.05	4.03	5.14	5.68	5.83	5.96	7.98	8.2	8.01
Public	0.76	0.85	0.78	1.22	1.34	1.52	1.87	1.8	1.81	1.89
Others	0	0	0	0	0	0	0	0	0	0
Total	38.55	38.55	38.55	38.58	38.59	38.6	38.6	38.63	38.64	38.64

Pros

Company has delivered good profit growth of 120% CAGR over last 5 years
Debtor days have improved from 4058.91 to 3394.69days.

Cons

Promoter holding is low: 49.27%.
Company has a low return on equity of 0% over the last 3 years.
Stock is trading at 24.1 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.