Interglobe Aviation Ltd

Interglobe Aviation Ltd

₹ 4,433 -0.70%
13 Dec - close price
About

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]

Key Points

Market Leadership
As of FY24, IndiGo has a market share of ~62% in the Indian aviation segment, with the share growing consistently since 2007. It has a market share of ~18% in the international passenger segment. [1] It has become the 7th largest airline in the world measured by daily departures and the first Indian airline with a large fleet of 300+ aircraft. [2]

  • Market Cap 1,71,283 Cr.
  • Current Price 4,433
  • High / Low 5,035 / 2,817
  • Stock P/E 25.8
  • Book Value 96.7
  • Dividend Yield 0.00 %
  • ROCE 24.5 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 102% CAGR over last 5 years
  • Company's median sales growth is 23.9% of last 10 years

Cons

  • Stock is trading at 45.8 times its book value
  • Promoter holding has decreased over last quarter: -6.00%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
5,608 9,295 8,021 12,855 12,498 14,933 14,161 16,683 14,944 19,452 17,825 19,571 16,970
5,422 7,517 7,985 12,258 12,472 11,819 11,412 11,715 12,748 14,308 13,841 14,425 15,352
Operating Profit 186 1,778 36 597 25 3,114 2,748 4,968 2,196 5,144 3,984 5,146 1,618
OPM % 3% 19% 0% 5% 0% 21% 19% 30% 15% 26% 22% 26% 10%
190 185 186 163 354 476 438 477 558 610 680 680 790
Interest 569 601 633 657 728 829 918 954 1,021 1,095 1,099 1,158 1,240
Depreciation 1,248 1,234 1,269 1,170 1,237 1,342 1,352 1,404 1,545 1,660 1,796 1,866 2,078
Profit before tax -1,440 128 -1,680 -1,065 -1,585 1,418 916 3,087 188 2,998 1,770 2,802 -909
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -7% 3% 9%
-1,440 128 -1,680 -1,065 -1,585 1,418 916 3,087 188 2,998 1,894 2,727 -989
EPS in Rs -37.40 3.33 -43.60 -27.65 -41.14 36.79 23.76 80.07 4.87 77.69 49.07 70.64 -25.60
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
9,203 11,117 13,925 16,140 18,580 23,021 28,497 35,756 14,641 25,931 54,446 68,904 73,818
8,348 10,684 12,022 12,976 16,362 19,991 28,648 31,687 14,638 25,373 47,926 52,573 57,925
Operating Profit 855 433 1,904 3,164 2,219 3,030 -151 4,069 2 558 6,521 16,331 15,892
OPM % 9% 4% 14% 20% 12% 13% -1% 11% 0% 2% 12% 24% 22%
296 391 395 515 789 947 1,325 1,531 1,036 725 1,431 2,326 2,760
Interest 73 123 150 350 406 413 563 1,902 2,170 2,386 3,168 4,208 4,592
Depreciation 86 226 302 505 457 437 760 3,974 4,699 5,068 5,101 6,406 7,400
Profit before tax 993 475 1,847 2,824 2,144 3,127 -149 -275 -5,830 -6,171 -317 8,043 6,660
Tax % 21% 0% 29% 30% 23% 28% -205% -10% 0% 0% 0% -2%
787 474 1,304 1,986 1,659 2,242 156 -248 -5,830 -6,171 -317 8,167 6,630
EPS in Rs 25,646.58 15,454.07 42,481.11 55.12 45.90 58.33 4.06 -6.45 -151.46 -160.18 -8.21 211.60 171.80
Dividend Payout % 70% 80% 83% 27% 74% 10% 123% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 20%
5 Years: 19%
3 Years: 68%
TTM: 22%
Compounded Profit Growth
10 Years: 33%
5 Years: 102%
3 Years: 47%
TTM: 18%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: 31%
1 Year: 52%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 31 31 31 360 361 384 384 385 385 385 386 386 386
Reserves 498 373 386 2,363 3,418 6,693 6,560 5,478 -314 -6,421 -6,695 1,546 3,348
1,804 3,350 3,930 3,245 2,596 2,453 2,429 22,719 29,860 36,878 44,860 51,280 59,237
3,678 5,348 6,443 6,662 8,834 11,599 15,638 13,467 13,044 15,018 20,492 28,857 34,027
Total Liabilities 6,011 9,102 10,789 12,630 15,210 21,129 25,012 42,048 42,974 45,860 59,043 82,069 96,998
1,764 3,956 4,876 4,747 3,794 4,579 5,662 16,778 18,815 21,282 27,650 36,037 43,309
CWIP 7 0 0 32 25 32 24 140 72 125 21 1 20
Investments 1,138 1,272 517 986 3,713 6,344 6,517 9,499 7,290 8,033 11,514 16,453 20,288
3,101 3,874 5,396 6,864 7,677 10,174 12,809 15,631 16,797 16,420 19,858 29,578 33,381
Total Assets 6,011 9,102 10,789 12,630 15,210 21,129 25,012 42,048 42,974 45,860 59,043 82,069 96,998

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,741 1,595 2,384 3,116 3,782 3,903 3,160 6,943 -1,620 2,064 12,703 21,183
-1,890 -2,914 -940 -1,337 -3,033 -4,152 -2,526 -4,573 3,228 1,527 -4,039 -11,759
36 1,285 -1,308 -1,220 -1,401 766 -592 -2,407 -1,775 -3,088 -8,432 -9,979
Net Cash Flow -113 -34 136 559 -652 518 42 -37 -168 503 232 -555

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 3 3 3 4 3 4 5 3 5 5 3 3
Inventory Days
Days Payable
Cash Conversion Cycle 3 3 3 4 3 4 5 3 5 5 3 3
Working Capital Days -44 -76 -60 -63 -72 -70 -64 -80 -186 -126 -57 -73
ROCE % 55% 17% 47% 61% 38% 40% 0% 5% -14% -13% 7% 25%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.78% 74.77% 74.77% 71.92% 71.92% 67.86% 67.77% 63.25% 63.12% 57.29% 55.29% 49.29%
18.57% 17.70% 16.72% 18.06% 17.77% 19.43% 19.76% 20.29% 18.70% 23.66% 24.43% 25.40%
4.73% 5.48% 6.38% 7.77% 8.24% 10.43% 10.37% 13.25% 14.65% 15.03% 15.36% 20.59%
0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
1.92% 2.05% 2.13% 2.18% 1.98% 2.19% 2.02% 3.16% 3.45% 3.95% 4.85% 4.64%
No. of Shareholders 98,4961,11,4091,15,2241,15,0671,03,7771,06,2661,05,5111,40,1791,41,1061,70,0592,39,6502,49,061

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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