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 ₹ 2,16,043 Cr.
- Current Price ₹ 5,587
- High / Low ₹ 5,970 / 3,895
- Stock P/E
- Book Value ₹ 129
- Dividend Yield 0.00 %
- ROCE 5.24 %
- ROE -27.1 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 43.2 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
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 18,580 | 23,021 | 28,497 | 35,756 | 14,641 | 25,931 | 54,446 | 68,904 | 80,803 | 84,962 | 93,858 | |
| Sales growth | +24% | +24% | +25% | -59% | +77% | +110% | +27% | +17% | +5% | +13% | |
| 16,362 | 19,991 | 28,646 | 31,666 | 14,626 | 25,356 | 47,915 | 52,548 | 62,701 | 72,925 | 82,506 | |
| Operating Profit | 2,219 | 3,030 | -149 | 4,090 | 14 | 575 | 6,531 | 16,356 | 18,102 | 12,037 | 11,352 |
| OPM % | 12% | 13% | -0.5% | 11% | 0.1% | 2.2% | 12% | 24% | 22% | 14% | 12% |
| 789 | 947 | 1,325 | 1,531 | 1,037 | 726 | 1,435 | 2,327 | 3,295 | 2,755 | 2,643 | |
| Interest | 406 | 413 | 563 | 1,902 | 2,170 | 2,386 | 3,168 | 4,208 | 5,124 | 5,944 | 6,253 |
| Depreciation | 457 | 437 | 760 | 3,974 | 4,699 | 5,069 | 5,103 | 6,426 | 8,680 | 10,808 | 11,646 |
| Profit before tax | 2,144 | 3,127 | -147 | -256 | -5,818 | -6,154 | -304 | 8,049 | 7,593 | -1,960 | -3,904 |
| Tax % | 23% | 28% | -207% | -9% | -0% | 0% | 0% | -2% | 4% | 22% | |
| 1,659 | 2,242 | 157 | -234 | -5,806 | -6,162 | -306 | 8,172 | 7,258 | -2,394 | -4,105 | |
| EPS in Rs | 45.90 | 58.33 | 4.09 | -6.07 | -150.85 | -159.94 | -7.93 | 211.73 | 187.84 | -61.87 | -106.10 |
| Dividend Payout % | 74% | 10% | 122% | 0% | 0% | 0% | 0% | 0% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 42% |
| 3 Years: | 16% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | % |
| TTM: | -149% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 19% |
| 3 Years: | 30% |
| 1 Year: | -5% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 361 | 384 | 384 | 385 | 385 | 385 | 386 | 386 | 386 | 387 | 387 |
| Reserves | 3,418 | 6,693 | 6,561 | 5,493 | -274 | -6,373 | -6,638 | 1,610 | 8,982 | 6,584 | 4,609 |
| 2,596 | 2,254 | 2,429 | 22,719 | 29,860 | 36,878 | 44,860 | 51,280 | 66,810 | 77,749 | 87,303 | |
| 8,834 | 11,798 | 15,651 | 13,504 | 13,081 | 15,073 | 20,562 | 28,948 | 39,666 | 51,282 | 55,870 | |
| Total Liabilities | 15,210 | 21,129 | 25,026 | 42,101 | 43,051 | 45,963 | 59,170 | 82,224 | 115,844 | 136,002 | 148,169 |
| 3,794 | 4,579 | 5,662 | 16,779 | 18,817 | 21,284 | 27,658 | 36,154 | 51,782 | 63,157 | 72,672 | |
| CWIP | 25 | 32 | 24 | 140 | 72 | 125 | 21 | 1 | 3 | 59 | 60 |
| Investments | 3,713 | 6,344 | 6,517 | 9,499 | 7,339 | 8,106 | 11,558 | 16,546 | 26,093 | 27,675 | 26,456 |
| 7,677 | 10,174 | 12,824 | 15,682 | 16,823 | 16,447 | 19,933 | 29,524 | 37,966 | 45,111 | 48,981 | |
| Total Assets | 15,210 | 21,129 | 25,026 | 42,101 | 43,051 | 45,963 | 59,170 | 82,224 | 115,844 | 136,002 | 148,169 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3,782 | 3,903 | 3,176 | 6,972 | -1,614 | 2,091 | 12,728 | 21,218 | 24,151 | 23,470 | |
| -3,033 | -4,151 | -2,526 | -4,574 | 3,179 | 1,504 | -4,043 | -11,812 | -12,758 | -1,943 | |
| -1,401 | 766 | -592 | -2,407 | -1,775 | -3,088 | -8,432 | -9,979 | -11,015 | -21,276 | |
| Net Cash Flow | -652 | 518 | 58 | -9 | -210 | 506 | 253 | -573 | 378 | 251 |
| Free Cash Flow | 4,158 | 2,683 | 1,469 | 5,910 | -2,035 | 1,750 | 12,163 | 20,120 | 22,558 | 21,767 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 190% | 153% | -2,197% | 178% | -10,784% | 398% | 201% | 133% | 136% | 197% |
Ratios
Consolidated / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 3 | 4 | 5 | 3 | 5 | 5 | 3 | 3 | 3 | 3 |
| Inventory Days | ||||||||||
| Days Payable | ||||||||||
| Cash Conversion Cycle | 3 | 4 | 5 | 3 | 5 | 5 | 3 | 3 | 3 | 3 |
| Working Capital Days | -72 | -70 | -64 | -147 | -416 | -287 | -141 | -144 | -123 | -129 |
| ROCE % | 40% | 0% | 5% | -14% | -13% | 7% | 24% | 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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| On-Time Performance (OTP) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- IndiGo filed Q2 FY27 earnings-call transcript for quarter and half-year ended September 30, 2026.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
- InterGlobe Aviation Limited has informed regarding allotment of ESOPs
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 - Newspaper Publication
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of earnings call for quarter and half year ended September 30, 2026 is now available.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Board approved Q2 FY27 results on Oct 29, 2026; IndiGo posted INR 18.8 billion net loss.
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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Nov 2026Transcript PPT REC
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Jul 2026Transcript PPT
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May 2026PPT
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Mar 2025PPT
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Aug 2024Transcript PPT
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Jun 2024Transcript
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Feb 2024Transcript
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT
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Mar 2023PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Oct 2021Transcript PPT
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Oct 2020Transcript PPT
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Dec 2019PPT
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Oct 2019Transcript PPT
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May 2019Transcript PPT
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Feb 2019PPT
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Jan 2019Transcript PPT
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Oct 2018Transcript PPT
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Jul 2018PPT
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Oct 2017Transcript PPT
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Jan 2017Transcript PPT
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Nov 2016Transcript PPT
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Jul 2016Transcript
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Apr 2016Transcript
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.