Interglobe Aviation Ltd
Interglobe Aviation Ltd (Indigo) is India’s largest passenger airline operating as a low-cost carrier. Serving 86 destinations including 24 international destinations, it provides passengers with a simple, unbundled product, fulfilling its singular brand promise of providing “low fares, on-time flights, and a courteous and hassle-free service” to its customers. IndiGo commenced operations in August 2006 with a single aircraft and has grown its fleet to 262 aircrafts. [1]
- Market Cap ₹ 1,90,623 Cr.
- Current Price ₹ 4,930
- High / Low ₹ 5,970 / 3,895
- Stock P/E
- Book Value ₹ 167
- Dividend Yield 0.00 %
- ROCE 4.92 %
- ROE -30.2 %
- Face Value ₹ 10.0
Pros
- Company's median sales growth is 23.8% of last 10 years
Cons
- Stock is trading at 29.5 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last 3 years: -21.7%
* 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.
Peer comparison
Services Services Transport Services Airline
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13,925 | 16,140 | 18,580 | 23,021 | 28,497 | 35,756 | 14,641 | 25,931 | 54,446 | 68,904 | 80,803 | 84,962 | 89,050 | |
| 12,022 | 12,976 | 16,362 | 19,991 | 28,648 | 31,687 | 14,638 | 25,373 | 47,926 | 52,573 | 62,753 | 73,064 | 79,200 | |
| Operating Profit | 1,904 | 3,164 | 2,219 | 3,030 | -151 | 4,069 | 2 | 558 | 6,521 | 16,331 | 18,050 | 11,898 | 9,850 |
| OPM % | 14% | 20% | 12% | 13% | -0.5% | 11% | 0.0% | 2.1% | 12% | 24% | 22% | 14% | 11% |
| 395 | 515 | 789 | 947 | 1,325 | 1,531 | 1,036 | 725 | 1,431 | 2,326 | 3,307 | 2,833 | 2,824 | |
| Interest | 150 | 350 | 406 | 413 | 563 | 1,902 | 2,170 | 2,386 | 3,168 | 4,208 | 5,133 | 6,062 | 6,285 |
| Depreciation | 302 | 505 | 457 | 437 | 760 | 3,974 | 4,699 | 5,068 | 5,101 | 6,406 | 8,637 | 10,751 | 11,150 |
| Profit before tax | 1,847 | 2,824 | 2,144 | 3,127 | -149 | -275 | -5,830 | -6,171 | -317 | 8,043 | 7,588 | -2,083 | -4,761 |
| Tax % | 29% | 30% | 23% | 28% | -205% | -10% | 0% | 0% | 0% | -2% | 4% | 20% | |
| 1,304 | 1,986 | 1,659 | 2,242 | 156 | -248 | -5,830 | -6,171 | -317 | 8,168 | 7,253 | -2,502 | -5,045 | |
| EPS in Rs | 42,481.11 | 55.12 | 45.90 | 58.33 | 4.06 | -6.45 | -151.46 | -160.18 | -8.21 | 211.60 | 187.70 | -64.73 | -130.50 |
| Dividend Payout % | 83% | 27% | 74% | 10% | 123% | 0% | 0% | 0% | 0% | 0% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 42% |
| 3 Years: | 16% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | % |
| TTM: | -153% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 20% |
| 3 Years: | 26% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -30% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 360 | 361 | 384 | 384 | 385 | 385 | 385 | 386 | 386 | 386 | 387 |
| Reserves | 386 | 2,363 | 3,418 | 6,693 | 6,560 | 5,478 | -314 | -6,421 | -6,695 | 1,546 | 8,920 | 6,065 |
| 3,930 | 3,245 | 2,596 | 2,453 | 2,429 | 22,719 | 29,860 | 36,878 | 44,860 | 51,280 | 67,088 | 85,246 | |
| 6,443 | 6,662 | 8,834 | 11,599 | 15,638 | 13,467 | 13,044 | 15,018 | 20,492 | 28,857 | 39,519 | 50,996 | |
| Total Liabilities | 10,789 | 12,630 | 15,210 | 21,129 | 25,012 | 42,048 | 42,974 | 45,860 | 59,043 | 82,069 | 115,914 | 142,694 |
| 4,876 | 4,747 | 3,794 | 4,579 | 5,662 | 16,778 | 18,815 | 21,282 | 27,650 | 36,036 | 51,565 | 62,548 | |
| CWIP | 0 | 32 | 25 | 32 | 24 | 140 | 72 | 125 | 21 | 1 | 3 | 36 |
| Investments | 517 | 986 | 3,713 | 6,344 | 6,517 | 9,499 | 7,290 | 8,033 | 11,514 | 16,453 | 26,402 | 35,213 |
| 5,396 | 6,864 | 7,677 | 10,174 | 12,809 | 15,631 | 16,797 | 16,420 | 19,858 | 29,578 | 37,944 | 44,898 | |
| Total Assets | 10,789 | 12,630 | 15,210 | 21,129 | 25,012 | 42,048 | 42,974 | 45,860 | 59,043 | 82,069 | 115,914 | 142,694 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,384 | 3,116 | 3,782 | 3,903 | 3,160 | 6,943 | -1,620 | 2,064 | 12,703 | 21,183 | 24,065 | 23,379 | |
| -940 | -1,337 | -3,033 | -4,152 | -2,526 | -4,573 | 3,228 | 1,527 | -4,039 | -11,759 | -12,782 | -9,018 | |
| -1,308 | -1,220 | -1,401 | 766 | -592 | -2,407 | -1,775 | -3,088 | -8,432 | -9,978 | -10,975 | -14,280 | |
| Net Cash Flow | 136 | 559 | -652 | 518 | 42 | -37 | -168 | 503 | 232 | -555 | 308 | 81 |
| Free Cash Flow | 1,367 | 2,867 | 4,158 | 2,683 | 1,454 | 5,883 | -2,040 | 1,725 | 12,171 | 20,780 | 22,846 | 21,789 |
| CFO/OP | 146% | 117% | 190% | 153% | -2,156% | 178% | -64,520% | 404% | 201% | 133% | 136% | 199% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 3 | 4 | 3 | 4 | 5 | 3 | 5 | 5 | 3 | 3 | 3 | 3 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 3 | 4 | 3 | 4 | 5 | 3 | 5 | 5 | 3 | 3 | 3 | 3 |
| Working Capital Days | -60 | -63 | -72 | -70 | -64 | -146 | -415 | -287 | -141 | -144 | -123 | -132 |
| ROCE % | 47% | 61% | 38% | 40% | 0% | 5% | -14% | -13% | 7% | 25% | 17% | 5% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
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| Available Seat Kilometers (ASK) billion km |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
- CRISIL continues IndiGo’s AA-/A1+ ratings on watch developing for Rs9,000 crore bank facilities.
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Closure of Trading Window
- Trading window closes from October 1, 2026 until 48 hours after Q2 FY27 results.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Shareholder Meeting / Postal Ballot-Outcome of AGM
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Disclosure Under Regulation 30 Of SEBI LODR Regulations, 2015
- GST authority imposed ₹19.66 lakh penalty on August 18, 2026; IndiGo will contest.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Concalls
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Jul 2026Transcript PPT
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Market Leadership:[1]
As of FY26, IndiGo has a market share of ~64% in the Indian aviation segment. It has a market share of ~21% in the international passenger segment and has become the 8th largest airline in the world measured by daily departures and the company has 440+ aircrafts.