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Interglobe Aviation Ltd (INDIGO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539448 NSE: INDIGO Airlines | Large Cap | Interglobe Aviation Share Price

₹4,537.60 176.20 (4.04%)

As on 09-Jun'26 16:59

Interglobe Aviation Ltd (INDIGO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539448 NSE: INDIGO Airlines | Large Cap | Interglobe Aviation Share Price

₹4,537.60 176.20 (4.04%)

As on 09-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,68,637 Cr.
Current Price
₹4,537.6
52-Week Low / High
₹3,895 / 6,225
TTM EPS
₹-61.9
TTM Sales
₹84,962 Cr.
Book Value per Share
₹180.5
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
18.5
Price to Book (P/B)
24.16
Higher than its 5-year historical median
Price to Sales (P/S)
1.98
Lower than its 5-year historical median
EV/EBITDA
8.86
In line with its 5-year historical median
Dividend Yield
0.20%
Profitability Efficiency
Return on Equity (ROE)
129.64%
In line with industry median
Return on Capital Employed (ROCE)
168.93%
In line with industry median
Return on Assets (ROA)
7.16%
Operating Profit Margin
24.4%
Net Profit Margin
8.98%
Gross Profit Margin
20.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
17.27%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
10.68%
Net Profit Growth (1 Year)
-
-11.19%
Asset Quality
Promoter Holding
41.57%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹6,592 Cr.
Equity
₹386.7 Cr.
Face Value
₹10
All Time Low / High
₹697.00 / 6225.05

Interglobe Aviation stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Interglobe Aviation Ltd a good quality company?
Interglobe Aviation Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Interglobe Aviation Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Interglobe Aviation Ltd vs industry peers?
Interglobe Aviation Ltd revenue CAGR is 17.71%, compared to the industry median CAGR of 17.71%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Interglobe Aviation Ltd?
Promoters hold 41.57% of the Interglobe Aviation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Interglobe Aviation Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Interglobe Aviation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%40%44.5%4.4%20.7%-79.5%-1,434.9%0%0%168.9%-
Value Creation
Index
NA2.63.0-0.60.8-8.1NANANA14.0-

Growth Parameters

Sales 018,58123,02128,49735,75614,64125,93154,44668,90480,80384,962
Sales YoY Gr.-NA23.9%23.8%25.5%-59.1%77.1%110%26.6%17.3%-
Adj EPS 041.955.59.718.6-162.5-145.144.8223.1214.8-61.9
YoY Gr.-NA32.6%-82.6%92.9%-972.3%NANA397.9%-3.7%-
BVPS (₹) 0103182.7179.6152.52-156.7-163.350.2239.7180.5
Adj Net
Profit
01,5142,135371717-6,255-5,5881,7278,6108,299-2,392
Cash Flow from Ops. 03,7823,9033,1766,972-1,6142,09112,72821,21824,151-
Debt/CF from Ops. 00.70.60.80.1-1.61.90.20.10.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA17.7%46.1%17.3%
Adj EPS NA63.1%NA-3.7%
BVPSNA9.5%NA378%
Share Price 16.3% 20.4% 22.6% -20.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
040.139.35.311.2-208.9190.2-28.2-405.2146.1-29.4
Op. Profit
Mgn %
011.913.41.115.8-3.55.917.424.824.424.7
Net Profit
Mgn %
08.29.31.32-42.7-21.63.212.510.3-2.8
Debt to
Equity
00.70.40.40.133-0.7-0.410.20
Working Cap
Days
00898472187116646883127
Cash Conv.
Cycle
00-11-10-11-16-21-17-14-1341

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales18,58123,02128,49735,75614,64125,93154,44668,90480,803
Operating Expenses + 16,38319,99128,64631,67215,17725,35647,91552,54962,701
Manufacturing Costs12,89816,02423,50623,58511,00319,84138,16342,85650,461
Material Costs12412513917855116286342383
Employee Cost 2,0482,4553,2114,7103,2953,4864,7956,4627,473
Other Costs 1,3131,3871,7913,1998231,9124,6722,8884,384
Operating Profit 2,1983,030-1494,084-5365756,53116,35618,102
Operating Profit Margin (%) 12.0%13.0%-1.0%11.0%-4.0%2.0%12.0%24.0%22.0%
Other Income + 8109471,3251,5361,5877261,4352,3273,296
Exceptional Items 000000000
Interest 4064135631,9022,1702,3863,1684,2085,124
Depreciation 4574377603,9744,6995,0695,1036,4268,680
Profit Before Tax 2,1443,127-147-256-5,818-6,154-3048,0497,593
Tax 485884-305-22-1281-123335
Profit After Tax 1,6592,242157-234-5,806-6,162-3068,1737,258
PAT Margin (%) 8.9%9.7%0.6%-0.7%-39.7%-23.8%-0.6%11.9%9.0%
Adjusted EPS (₹)45.958.34.1-6.1-150.0-159.0-7.9211.7187.9
Dividend Payout Ratio (%)74.10%10.30%122.20%0%0%0%0%0%5.30%

Valuation of Interglobe Aviation - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3,7247,0236,9055,86776-6,037-6,2951,9369,262
Share Capital 361384384385385385386386386
Reserves 3,3636,6396,5215,483-309-6,422-6,6801,5508,876
Debt +2,3962,2412,1943472,5063,8972,2521,8921,800
Long Term Debt2,3962,2412,194347382416000
Short Term Debt00002,1243,4812,2521,8921,800
Minority Interest000000000
Trade Payables7751,0001,4531,5681,5513,1523,2093,1584,176
Others Liabilities 10,24613,50417,12536,67841,26647,30662,36077,4721,03,172
Total Liabilities 17,14123,76927,67644,46045,39948,31861,52684,4571,18,409

Fixed Assets

Net Fixed Assets +3,7944,5795,66216,77918,81721,28427,65836,15451,782
Gross Block4,6725,8487,57522,55727,83533,26843,23657,70779,971
Accumulated Depreciation8781,2701,9135,7779,01911,98515,57821,55428,190
CWIP 253224140721252113
Investments 3,7136,3446,5179,4997,3398,10611,55816,54626,093
Inventories163183211286316408591625820
Trade Receivables159226362259219333520643740
Cash Equivalents 4,6336,5818,62210,87211,22810,12011,84016,72118,963
Others Assets 4,6545,8236,2786,6237,4087,9419,33813,76820,008
Total Assets 17,14123,76927,67644,46045,39948,31861,52684,4571,18,409

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3,7823,9033,1766,972-1,6142,09112,72821,21824,151
PBT 2,1443,127-147-256-5,818-6,154-3048,0497,593
Adjustment 66045255,9325,3737,68110,2899,32912,473
Changes in Working Capital 1402151028941610-1093762313343504518
Tax Paid -424-738-96-315-76-198-389-511-433
Cash Flow From Investing Activity + -3,038-4,160-2,536-4,5683,1971,502-4,059-11,809-12,759
Capex 376-1,220-1,706-1,0621,463260109-508-1,593
Net Investments -3,760-3,471-1,331-3,8761,5971,150-4,325-10,957-11,489
Others 34653150136913792157-343322
Cash Flow From Financing Activity + -1,401766-592-2,407-1,775-3,088-8,432-9,979-11,015
Net Proceeds from Shares 12,508024928224242
Net Proceeds from Borrowing 000000000
Interest Paid -65-74-106-1,371-1,622-1,998-2,668-3,496-4,064
Dividend Paid -542-1,230-231-19200000
Others -795-438-255-868-163-1,118-5,786-6,524-6,993
Net Cash Flow -65751047-4-192505236-570377

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)44.5541.732.26-3.66-195.4N/AN/A0129.64
ROCE (%)4044.514.420.66-79.48N/AN/A0168.93
Asset Turnover Ratio1.081.131.110.990.330.550.990.940.8
PAT to CFO Conversion(x)2.281.7420.23N/AN/AN/AN/A2.63.33
Working Capital Days
Receivable Days3.103.103.803.2063.902.903.103.10
Inventory Days3.202.802.502.507.505.103.403.203.30
Payable Days2,288.602,588.303,217.403,099.3007,369.804,058.903,394.403,492.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Interglobe Aviation Ltd FAQs

The current trading price of Interglobe Aviation on 09-Jun-2026 16:59 is ₹4,537.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Jun-2026 the market cap of Interglobe Aviation stood at ₹1,68,636.8 Cr

The latest P/E ratio of Interglobe Aviation as of 08-Jun-2026 is 0.00.

The latest P/B ratio of Interglobe Aviation as of 08-Jun-2026 is 26.10.

The 52-week high of Interglobe Aviation is ₹6,225.1 and the 52-week low is ₹3,894.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Interglobe Aviation is ₹84,962 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Interglobe Aviation Ltd is a average quality company.

The key valuation ratios of Interglobe Aviation Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Interglobe Aviation Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Interglobe Aviation Ltd

InterGlobe Aviation Limited is a public limited company domiciled in India. The company was incorporated on January 13, 2004 as a private limited company in India under the provisions of the Companies Act applicable in India. Subsequently, the Company changed its legal status from a private company to a public company on August 11, 2006. The shares were listed on National Stock Exchange of India (NSE) and BSE (BSE) on November 10, 2015.

IndiGo is India’s largest passenger airline. The airline primarily operate in India’s domestic air travel market as a low-cost carrier with focus on our three pillars - offering low fares, being on-time and delivering a courteous and hassle-free experience. IndiGo has become synonymous with being on-time.

Business area of the company

The company is in the low cost carrier (LCC) segment of the airline industry in India. The principal activities of the company comprise of air transportation which includes passenger and cargo services and providing related allied services including in-flight sales.

Services offered by the company

  • 6E Rewards
  • Plan B
  • IndiGo CarGo
  • Charter Service
  • Special Disability Assistance
  • Medical Assistance
  • 6E Add-ons
  • Merchandise
  • 6E Prime
  • Seat Plus
  • Group Booking
  • 6E Tiffin

Awards

  • 2007: Best Domestic Low Fare Carrier, 2007 by Air Passengers Association of India.
  • 2008: Best Companies to work for, 2008 by Great Place to Work Institute, India.
  • 2008: Best Domestic Low Cost Carrier, 2008 by Galileo Express Travel World.
  • 2008: Operational Excellence Award, 2009 by Express Travel World.
  • 2009: Best Companies to work for, 2009 by Great Place to Work Institute, India.
  • 2010: Best Domestic Low Cost Airline, 2010 by Travel Agents Association of India.
  • 2010: Best Companies to Work For, 2010 by Great Place to Work Institute, India.
  • 2010: Best Low Cost Airline – Central Asia / India, 2010 by SkyTrax World Airline Award.
  • 2011: Asia Pacific Low Cost Airline of the Year, 2011 by CAPA Awards for Excellence.
  • 2011: Best Low Cost Carrier, 2011 by CNBC AWAAZ Travel Awards.
  • 2011: Low Cost Leadership Award (Mr. Aditya Ghosh), 2011 by World Airline Strategy Awards.
  • 2011: Entrepreneur of the Year Award (Mr. Rahul Bhatia), 2011 by Economic Times.
  • 2011: Best Low Cost Airline (Central Asia / India), 2011 by SkyTrax World Airline Award.
  • 2011: Best Companies to Work For, 2011 by Great Place to Work Institute, India.
  • 2012: Best Low Cost Airline (Central Asia / India), 2012 by SkyTrax World Airline Award.
  • 2012: Best Airline Staff Service (Central Asia / India), 2012 by SkyTrax World Airline Award.
  • 2012: Best Companies to Work For, 2012 by Great Place to Work Institute, India.
  • 2012: Best Domestic Low Cost Airline, 2012 by Travel Agents Association of India
  • 2012: Innovation for India Awards (Business category), 2012 by Marico Innovation.
  • 2012: Best Airline (India), 2012 at ASSOCHAM International Civil Aviation Awards.
  • 2012: The Airline of the Year (India), 2012 by GMR IGI Awards.
  • 2012: Super star Airline of the Year, 2013 by GMR IGI Awards.
  • 2012: Aditya Ghosh ranked 27 in ‘List of the 40 under 40 Hottest Young Stars in Business’, 2012 by Fortune Magazine.
  • 2013: Best Company to work for (Transportation Industry) and 12th Best Company to work for, 2013 by Great Place to Work Institute, India.
  • 2013: The Airline of the Year (India), 2013 by GMR IGI Awards.
  • 2013: Business Transformation Award (Mr. Aditya Ghosh), 2013 by the NASSCOM Global Leadership Awards.
  • 2013: Best Airline (India), 2013 by Travel & Leisure Awards.
  • 2013: Super Star Airline of the Year, 2013 by GMR IGI Awards.
  • 2013: Businessman of the Year (Mr. Aditya Ghosh), 2013 by GQ Men of the Year Awards.
  • 2013: Best Low Cost Airline (Central Asia / India), 2013 by SkyTrax World Airline Award.
  • 2014: Best Low Cost Airline (Central Asia / India), 2014 by SkyTrax World Airline Award.
  • 2014: Best Domestic Airline, 2014 by CNBC Travel Awards.
  • 2014: Second Best Budget Airline in Asia, 2014 by SmartTravelAsia.com.
  • 2014: Best Domestic Airline, 2014 by GMR IGI Airport Awards.
  • 2014: Best Operational Excellence Worldwide (amongst 311 operators in large fleet category), 2014 by Airbus.
  • 2014: Best Companies to work for, 2014 by Great Place to Work Institute, India.
  • 2015: Best Domestic Airline, 2015 by CNBC Travel Awards.
  • 2015: Best Low Cost Airline (Central Asia / India), 2015 by SkyTrax World Airline Award.
  • 2015: Best Airline (National), 2015 by ASSOCHAM International Civil Aviation Awards.
  • 2015: Best Companies to work for, 2015 by Great Place to Work Institute, India.
  • 2016: Favorite Domestic Airline 2016 at RTA by Conde Nast
  • 2016: The most prestigious NCPEDP MPHASIS Universal Design Awards
  • 2016: India's Favourite Budget Airline for Holidays by Holiday IQ
  • 2016: International Award for excellence in Air Cargo in the category CARGO
  • 2017: Favorite Domestic Airline 2017 Nov, 2017.
  • 2017: Second Best Budget Airline in Asia Sep, 2017
  • 2017: Best Airline of the Year - Domestic and Superstar Airline of the Year
  • 2018: IndiGo has won the runners-up award in the ‘Favourite Domestic Airline’
  • 2018: IndiGo named 'Best Airline India (Domestic)' at GMR Annual Awards 2018
  • 2018: Cargo Airline of the year, Region - India
  • 2019: Awarded ‘Safety Champion’ in Hazard Reporting for the Year 2019 by Delhi International Airport Limited (DIAL)
  • 2019: Awarded ‘Best Conversational Brand - Online’ at Sammie Awards 2019
  • 2020: Awarded for ‘Customer Service, Domestic & International Operations and Business growth’ for the second year in the row and maiden award for ‘Cargo Airline of the Year (Domestic)’ by Bangalore International Airport Limited (BIAL).
  • 2020: Awarded ‘Best Low-Cost Airline in Central Asia and India’ at the SKYTRAX World Airline Awards for the tenth time in a row.
  • 2020: Ranked as one of the best airlines in terms of OTP for the third consecutive year amongst the top 20 mega airlines globally.
  • 2020: Awarded ‘Best Customer Services’ Award and the ‘Fastest Baggage Delivery’ Award by Kannur International Airport Limited (KIAL).
  • 2020: IndiGo’s CSR arm wins 7th eNabling North East Development Award 2020.

Major Events

  • 2005: Placed a landmark order of 100 A320 aircraft with Airbus.
  • 2006: Took delivery of its first aircraft.
  • 2006: Launched its domestic operations.
  • 2007: Crossed the one million passenger mark.
  • 2009: Crossed the 10 million passenger mark.
  • 2009: Took delivery of its 25th aircraft.
  • 2011: Placed another order of 180 A320neo aircraft with Airbus.
  • 2011: Launched its international operations.
  • 2011: Became the largest domestic carrier in India by market share.
  • 2011: Took delivery of its 50th aircraft.
  • 2012: Crossed the 50 million passenger mark.
  • 2013: Took delivery of its 75th aircraft.
  • 2014: Crossed the 75 million passenger mark.
  • 2014: Took delivery of 100th aircraft.
  • 2015: Crossed the 100 million passenger mark.
  • 2015: Placed an order of 250 A320neo aircraft with Airbus.
  • 2016: InterGlobe Hospitality expands footprint, launches new hotels across India.
  • 2017: InterGlobe Enterprises makes a leap to Real Estate, hits the ground running.
  • 2018: InterGlobe Aviation (IndiGo) spreads its wings, now flies to over 50 destinations
  • 2018: IndiGo writes history, inducts its 200th aircraft in the fleet.
  • 2018: IndiGo reaches another milestone of operating across more than 50 destinations.
  • 2018: CAE Simulation Training Private Ltd (CSTPL) is now 5 years old and is planning expansions with new simulators and centres.
  • 2018: IndiGo inducts India's first A321 NEO into the family.
  • 2018: School for Maintenance Engineering (SAME) becomes a CAR 147 BASIC approved institute.
  • 2018: InterGlobe Air Transport becomes the exclusive GSA for Hertz Car Rental in India
  • 2018: InterGlobe invests in Sheraton Amsterdam Airport Hotel and Conference Center
  • 2018: InterGlobe invests in Reichshof Hamburg, a Curio Collection by Hilton hotel
  • 2018: InterGlobe commences the development of a 241 keys Quincy Hotel in Melbourne, Australia which is scheduled for opening in 2021
  • 2018: InterGlobe Real Estate completes its first acquisition - a 235,000 sq. ft. tower in Sky View Corporate Park, Gurugram.
  • 2019: InterGlobe Aviation (IndiGo) spreads its wings, now flies to over 50 destinations
  • 2019: IndiGo starts operating flights to Istanbul, Turkey.
  • 2019: InterGlobe Air Transport appointed the GSA for Malaysia Airlines & TAROM Airline in India.
  • 2019: InterGlobe Air Transport appointed the GSA for All Nippon Airways in India.
  • 2019: InterGlobe Hotels launches its 17th ibis in India - ibis Kolkata Rajarhat.
  • 2019: CAE Simulation Training receives its 6th CAE Series 7000 XR Full Flight Simulator.
  • 2019: InterGlobe completes 30 years of excellence.
  • 2019: InterGlobe invests in a collection of 10 boutique European hotels across London, Paris, Barcelona, Budapest and more.
  • 2019: Precision Air appoints InterGlobe Air Transport as the GSA in India.
  • 2019: IndiGo writes history again, inducts its 250th aircraft in the fleet.
  • 2020: IndiGo partners with Stemz Healthcare to offer passengers pre-flight COVID-19 tests.2020: IndiGo partners with Accor.
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