Interglobe Aviation Ltd

Interglobe Aviation Ltd

₹ 3,161 0.12%
02 Mar 9:20 a.m.
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
The Co. is the largest player in the aviation sector in India with a market share of 55% [1] and was ranked as the 6th biggest carrier in the world. [2] In 2019, it had a significant share of the international market with ~12% share of total international seat capacity to or from India. [3]

  • Market Cap 1,22,008 Cr.
  • Current Price 3,161
  • High / Low 3,301 / 1,810
  • Stock P/E 17.0
  • Book Value -77.5
  • Dividend Yield 0.00 %
  • ROCE 6.90 %
  • ROE %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company's median sales growth is 23.8% of last 10 years

Cons

  • Promoter holding has decreased over last 3 years: -11.7%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4,910 6,223 3,007 5,608 9,295 8,021 12,855 12,498 14,933 14,161 16,683 14,944 19,452
4,071 5,674 4,477 5,422 7,517 7,985 12,258 12,472 11,819 11,412 11,715 12,748 14,308
Operating Profit 839 549 -1,470 186 1,778 36 597 25 3,114 2,748 4,968 2,196 5,144
OPM % 17% 9% -49% 3% 19% 0% 5% 0% 21% 19% 30% 15% 26%
233 139 163 190 185 186 163 354 476 438 477 558 610
Interest 541 528 555 569 601 633 657 728 829 918 954 1,021 1,095
Depreciation 1,156 1,319 1,317 1,248 1,234 1,269 1,170 1,237 1,342 1,352 1,404 1,545 1,660
Profit before tax -627 -1,159 -3,179 -1,440 128 -1,680 -1,065 -1,585 1,418 916 3,087 188 2,998
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-627 -1,159 -3,179 -1,440 128 -1,680 -1,065 -1,585 1,418 916 3,087 188 2,998
EPS in Rs -16.28 -30.11 -82.60 -37.40 3.33 -43.60 -27.65 -41.14 36.79 23.76 80.07 4.87 77.69
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
5,565 9,203 11,117 13,925 16,140 18,580 23,021 28,497 35,756 14,641 25,931 54,446 65,240
5,540 8,348 10,684 12,022 12,976 16,362 19,991 28,648 31,687 14,638 25,373 47,926 50,183
Operating Profit 25 855 433 1,904 3,164 2,219 3,030 -151 4,069 2 558 6,521 15,057
OPM % 0% 9% 4% 14% 20% 12% 13% -1% 11% 0% 2% 12% 23%
165 296 391 395 515 789 947 1,325 1,531 1,036 725 1,431 2,084
Interest 59 73 123 150 350 406 413 563 1,902 2,170 2,386 3,168 3,988
Depreciation 67 86 226 302 505 457 437 760 3,974 4,699 5,068 5,101 5,963
Profit before tax 64 993 475 1,847 2,824 2,144 3,127 -149 -275 -5,830 -6,171 -317 7,190
Tax % -100% 21% 0% 29% 30% 23% 28% 205% 10% 0% 0% 0%
128 787 474 1,304 1,986 1,659 2,242 156 -248 -5,830 -6,171 -317 7,190
EPS in Rs 4,165.47 25,646.58 15,454.07 42,481.11 55.12 45.90 58.33 4.06 -6.45 -151.46 -160.18 -8.21 186.39
Dividend Payout % 0% 70% 80% 83% 27% 74% 10% 123% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 19%
3 Years: 15%
TTM: 35%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 4%
TTM: 347%
Stock Price CAGR
10 Years: %
5 Years: 23%
3 Years: 21%
1 Year: 69%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 31 31 31 31 360 361 384 384 385 385 385 386 386
Reserves 348 498 373 386 2,363 3,418 6,693 6,560 5,478 -314 -6,421 -6,689 -3,378
Preference Capital 4 4 4 4 0 0 0 0 0 0 0 0
1,016 1,800 3,346 3,926 3,245 2,596 2,453 2,429 22,719 29,860 36,878 44,854 49,392
2,419 3,682 5,351 6,446 6,662 8,834 11,599 15,638 13,467 13,044 15,018 20,492 26,594
Total Liabilities 3,814 6,011 9,102 10,789 12,630 15,210 21,129 25,012 42,048 42,974 45,860 59,043 72,993
886 1,764 3,956 4,876 4,747 3,794 4,579 5,662 16,778 18,815 21,282 27,650 31,957
CWIP 0 7 0 0 32 25 32 24 140 72 125 21 0
Investments 523 1,138 1,272 517 986 3,713 6,344 6,517 9,499 7,290 8,033 11,514 14,838
2,404 3,101 3,874 5,396 6,864 7,677 10,174 12,809 15,631 16,797 16,420 19,858 26,198
Total Assets 3,814 6,011 9,102 10,789 12,630 15,210 21,129 25,012 42,048 42,974 45,860 59,043 72,993

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
896 1,741 1,595 2,384 3,116 3,782 3,903 3,160 6,943 -1,620 2,064 12,703
-47 -1,890 -2,914 -940 -1,337 -3,033 -4,152 -2,526 -4,573 3,228 1,527 -4,039
-638 36 1,285 -1,308 -1,220 -1,401 766 -592 -2,407 -1,775 -3,088 -8,432
Net Cash Flow 212 -113 -34 136 559 -652 518 42 -37 -168 503 232

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 3 3 3 3 4 3 4 5 3 5 5 3
Inventory Days
Days Payable
Cash Conversion Cycle 3 3 3 3 4 3 4 5 3 5 5 3
Working Capital Days -50 -44 -76 -60 -63 -72 -70 -64 -80 -186 -126 -57
ROCE % 9% 55% 17% 47% 61% 38% 40% 0% 5% -14% -13% 7%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.84% 74.84% 74.79% 74.78% 74.77% 74.77% 71.92% 71.92% 67.86% 67.77% 63.25% 63.12%
18.34% 19.17% 18.51% 18.57% 17.70% 16.72% 18.06% 17.77% 19.43% 19.76% 20.29% 18.70%
4.80% 3.92% 4.62% 4.73% 5.48% 6.38% 7.77% 8.24% 10.43% 10.37% 13.25% 14.65%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
2.02% 2.08% 2.08% 1.92% 2.05% 2.13% 2.18% 1.98% 2.19% 2.02% 3.16% 3.45%
No. of Shareholders 82,42289,83494,13198,4961,11,4091,15,2241,15,0671,03,7771,06,2661,05,5111,40,1791,41,106

* 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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Documents

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