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 ₹ 1,37,416 Cr.
- Current Price ₹ 3,560
- High / Low ₹ 3,849 / 1,975
- Stock P/E 19.1
- 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 quarter: -5.84%
* 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
Sector: Air Transport Service Industry: Transport - Airlines
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 19% |
3 Years: | 32% |
1 Year: | 79% |
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% |
Documents
Announcements
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Announcement Under Regulation 30 Of SEBI LODR
8h - Company informed the Exchanges regarding Disclosure under Regulation 30 of SEBI LODR.
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Announcement under Regulation 30 (LODR)-Credit Rating
1d - CRISIL Ratings Limited vide its letter dated April 17, 2024 has assigned credit rating to banking facilities of the Company.
- Compliance- Certificate Pursuant To Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 10 Apr
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Compliances- Compliance Certificate For Year Ended March 31, 2024
10 Apr - Compliance certificate pursuant to Regulation 7(3) of SEBI (LODR) Regulations, 2015 for the financial year ended March 31, 2024
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Compliance under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018
Annual reports
Concalls
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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]