Interglobe Aviation Ltd

Interglobe Aviation Ltd

₹ 4,481 -0.61%
05 Jun - 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:[1]
As of FY26, IndiGo has a market share of ~64% in the Indian aviation segment, with the share growing consistently since 2007. It has a market share of ~21% in the international passenger segment. It has become the 7th largest airline in the world measured by daily departures and the company has 440+ aircrafts

  • Market Cap 1,73,273 Cr.
  • Current Price 4,481
  • High / Low 6,232 / 3,895
  • Stock P/E
  • Book Value 180
  • Dividend Yield 0.22 %
  • ROCE 7.12 %
  • ROE -12.2 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 24.8 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last 3 years: -26.3%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
14,161 16,683 14,944 19,452 17,825 19,571 16,970 22,111 22,152 20,496 18,555 23,472 22,438
11,409 11,709 12,744 14,303 13,832 14,412 15,338 16,932 16,062 15,270 17,976 18,104 21,628
Operating Profit 2,752 4,974 2,200 5,149 3,994 5,159 1,631 5,179 6,089 5,226 580 5,367 810
OPM % 19% 30% 15% 26% 22% 26% 10% 23% 27% 26% 3% 23% 4%
440 478 559 610 680 678 789 882 946 1,046 1,044 -478 1,142
Interest 918 954 1,021 1,095 1,099 1,158 1,240 1,308 1,374 1,396 1,465 1,545 1,485
Depreciation 1,353 1,408 1,549 1,666 1,803 1,876 2,088 2,226 2,491 2,566 2,640 2,782 2,820
Profit before tax 920 3,091 189 2,998 1,771 2,804 -907 2,527 3,169 2,311 -2,482 562 -2,352
Tax % 0% 0% 0% 0% -7% 3% 9% 3% 3% 6% 4% 2% 8%
919 3,091 189 2,998 1,895 2,729 -987 2,449 3,068 2,176 -2,582 549 -2,537
EPS in Rs 23.84 80.16 4.90 77.68 49.09 70.70 -25.54 63.38 79.38 56.31 -66.79 14.22 -65.60
Raw PDF

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
18,580 23,021 28,497 35,756 14,641 25,931 54,446 68,904 80,803 84,962
16,362 19,991 28,646 31,666 14,626 25,356 47,915 52,548 62,701 72,978
Operating Profit 2,219 3,030 -149 4,090 14 575 6,531 16,356 18,102 11,983
OPM % 12% 13% -1% 11% 0% 2% 12% 24% 22% 14%
789 947 1,325 1,531 1,037 726 1,435 2,327 3,295 2,755
Interest 406 413 563 1,902 2,170 2,386 3,168 4,208 5,124 5,891
Depreciation 457 437 760 3,974 4,699 5,069 5,103 6,426 8,680 10,808
Profit before tax 2,144 3,127 -147 -256 -5,818 -6,154 -304 8,049 7,593 -1,960
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
EPS in Rs 45.90 58.33 4.09 -6.07 -150.85 -159.94 -7.93 211.73 187.84 -61.87
Dividend Payout % 74% 10% 122% 0% 0% 0% 0% 0% 5% 0%
Compounded Sales Growth
10 Years: %
5 Years: 42%
3 Years: 16%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: -11%
TTM: -117%
Stock Price CAGR
10 Years: 16%
5 Years: 20%
3 Years: 22%
1 Year: -18%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -12%

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
Equity Capital 361 384 384 385 385 385 386 386 386 387
Reserves 3,418 6,693 6,561 5,493 -274 -6,373 -6,638 1,610 8,982 6,584
2,596 2,254 2,429 22,719 29,860 36,878 44,860 51,280 66,810 77,749
8,834 11,798 15,651 13,504 13,081 15,073 20,562 28,948 39,666 51,282
Total Liabilities 15,210 21,129 25,026 42,101 43,051 45,963 59,170 82,224 115,844 136,002
3,794 4,579 5,662 16,779 18,817 21,284 27,658 36,154 51,782 63,178
CWIP 25 32 24 140 72 125 21 1 3 39
Investments 3,713 6,344 6,517 9,499 7,339 8,106 11,558 16,546 26,093 27,675
7,677 10,174 12,824 15,682 16,823 16,447 19,933 29,524 37,966 45,111
Total Assets 15,210 21,129 25,026 42,101 43,051 45,963 59,170 82,224 115,844 136,002

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 -1,952
-1,401 766 -592 -2,407 -1,775 -3,088 -8,432 -9,978 -11,015 -21,276
Net Cash Flow -652 518 58 -9 -210 506 253 -573 378 241
Free Cash Flow 4,158 2,683 1,469 5,910 -2,035 1,750 12,163 20,709 22,558 21,767
CFO/OP 190% 153% -2,197% 178% -10,784% 398% 201% 133% 136% 198%

Ratios

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
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 -19
ROCE % 40% 0% 5% -14% -13% 7% 24% 17% 7%

Insights

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Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Available Seat Kilometers (ASK)
Million

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Fleet Size
Units
Passenger Load Factor
%
Revenue Passenger Kilometers (RPK)
Million
Total Destinations
Count
Yield
INR/RPK

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
67.77% 63.25% 63.12% 57.29% 55.29% 49.29% 49.27% 49.27% 43.54% 41.58% 41.57% 41.57%
19.76% 20.29% 18.70% 23.66% 24.43% 25.40% 24.83% 25.12% 27.31% 28.44% 24.99% 21.64%
10.37% 13.25% 14.65% 15.03% 15.36% 20.59% 21.14% 20.66% 24.02% 24.58% 28.08% 31.14%
0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.04% 0.04%
2.02% 3.16% 3.45% 3.95% 4.85% 4.64% 4.69% 4.88% 5.05% 5.32% 5.31% 5.60%
No. of Shareholders 1,05,5111,40,1791,41,1061,70,0592,39,6502,49,0612,73,6772,89,4443,03,0623,16,2463,87,0564,02,483

* 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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