Interglobe Aviation Ltd.

•

goindigo.inBSE: 539448NSE: INDIGO

Market Cap₹ 1,92,135 Cr.

Current Price

High / Low₹ 5,970 / 3,895

Stock P/E0.0

Book Value₹ 156

Price to Book23.87

Dividend Yield0.00 %

ROCE41.1 %

ROE-32.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Air Transportation Services: 100.0%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company has a healthy return on capital (ROCE) of 70.5%
Company has a good return on equity (ROE) track record: 3 Years ROE 33.0%
Company has delivered good sales growth of 42.1% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 5.31x)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Company is loss-making at the operating / net level
Recent results are weak - TTM profit is down 148.2% versus prior year
Promoter holding has decreased over last 2 years: -13.7pp
Interest coverage is weak at 0.7x - earnings barely cover interest
Effective tax rate is unusually low at -20.1% - earnings may be flattered
Stock is trading at 23.9x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesAviationAirlines

Part ofNIFTY 50 NIFTYLARGEMIDCAP250 NIFTY CONSUMPTION NIFTY100 EQL WGT NIFTY TOTAL MKT

S.No.	Name
1.	INDIGO	4969.00	0.00	192134.63	0.00	-238.00	-110.94	24584.10	19.94	39.95	13.29
2.	RAYMOND	853.50	153.24	5682.07	0.00	30.85	-99.94	605.61	15.51	-0.54	12.72
3.	TAALTECH	5188.30	25.89	1616.85	1.25	194.34	1317.30	648.11	1316.08	33.33	34.03
4.	SPICEJET	8.89	0.00	1356.70	0.00	-261.70	-1390.90	1345.47	14.14	0.00	-16.38
5.	TANAA	251.75	33.78	641.98	0.99	5.74	62.05	10.31	21.04	15.52	72.30
6.	GLOBALVECT	138.00	0.00	193.20	0.00	-11.85	-25.64	130.71	1.05	28.74	8.85

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	16,683	14,944	19,452	17,825	19,571	16,970	22,111	22,152	20,496	18,555	23,472	22,438	24,584
	11,831	12,747	14,308	13,841	14,425	15,352	16,951	16,070	15,292	18,010	18,119	21,697	26,004
Operating Profit	4,852	2,196	5,144	3,984	5,146	1,618	5,160	6,082	5,205	545	5,353	741	-1,420
OPM %	29.08%	14.70%	26.45%	22.35%	26.29%	9.53%	23.34%	27.46%	25.39%	2.94%	22.80%	3.30%	-5.78%
	594	558	610	680	680	790	884	953	1,046	1,045	-403	1,144	1,038
Interest	954	1,021	1,095	1,099	1,158	1,240	1,308	1,383	1,403	1,475	1,557	1,574	1,679
Depreciation	1,404	1,546	1,660	1,796	1,866	2,078	2,215	2,477	2,553	2,629	2,768	2,801	2,952
Profit before Tax	3,087	188	2,998	1,770	2,802	-909	2,520	3,175	2,295	-2,514	625	-2,490	-382
Tax %	0.00%	0.00%	0.00%	-7.02%	2.68%	-8.73%	3.10%	3.21%	5.85%	-3.99%	1.95%	-6.92%	0.10%
Net Profit	3,087	188	2,998	1,894	2,727	-989	2,442	3,073	2,161	-2,614	613	-2,662	-382
	80.07	4.87	77.70	49.07	70.64	-25.60	63.21	79.54	55.92	-67.63	15.85	-68.86	-9.87

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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	89,050
	16,383	19,991	28,648	31,692	15,188	25,373	47,926	52,573	62,753	73,064	83,830
Operating Profit	2,198	3,030	-151	4,064	-548	558	6,521	16,331	18,050	11,898	5,219
OPM %	11.83%	13.16%	-0.53%	11.37%	-3.74%	2.15%	11.98%	23.70%	22.34%	14.00%	5.86%
	810	947	1,325	1,537	1,587	725	1,432	2,326	3,307	2,833	2,824
Interest	406	413	563	1,902	2,170	2,386	3,168	4,208	5,133	6,062	6,285
Depreciation	457	437	760	3,974	4,699	5,068	5,101	6,406	8,637	10,751	11,150
Profit before Tax	2,144	3,127	-149	-275	-5,830	-6,171	-317	8,043	7,588	-2,083	-4,761
Tax %	22.62%	28.28%	204.76%	9.79%	-0.00%	-0.00%	-0.00%	-1.55%	4.40%	-20.12%	-5.98%
Net Profit	1,659	2,242	156	-248	-5,830	-6,171	-317	8,168	7,253	-2,502	-5,045
EPS	45.85	59.90	4.06	-6.45	-151.49	-160.25	-8.22	211.59	187.71	-64.73	—
Dividend Payout %	74.07%	10.29%	123.10%	0.00%	0.00%	0.00%	0.00%	0.00%	5.33%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 18%
5 Years:: 42%
3 Years:: 16%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 19%
5 Years:: 21%
3 Years:: 26%
1 Year:: -12%

RETURN ON EQUITY

10 Years:: -1%
5 Years:: 20%
3 Years:: 33%
Last Year:: -32%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	3,363	6,639	6,520	5,467	-349	-6,469	-6,737	1,485	8,814	6,001
	6,562	7,574	9,966	19,561	25,588	32,424	42,481	49,091	71,930	95,931
Trade Payables	775	1,000	1,455	1,565	1,556	3,152	3,213	3,187	4,191	5,000
	6,080	8,172	9,335	17,425	18,149	18,723	22,055	30,151	33,157	38,359
Total Liabilities	17,141	23,769	27,661	44,404	45,329	48,215	61,398	84,300	1,18,479	1,45,677
	3,794	4,579	5,662	16,778	18,815	21,282	27,650	36,036	51,565	62,548
Capital Work in Progress	23	29	22	129	66	119	0	0	1	16
	3,713	6,344	6,517	9,499	7,290	8,033	11,514	16,453	26,402	35,213
	163	183	211	286	316	408	591	625	820	985
	0	0	0	0	0	0	0	642	740	600
Cash & Bank	4,633	6,581	8,606	10,829	11,227	10,117	11,811	16,709	18,859	23,630
	4,814	6,053	6,642	6,881	7,614	8,257	9,832	13,833	20,092	22,687
Total Assets	17,141	23,769	27,661	44,404	45,329	48,215	61,398	84,300	1,18,479	1,45,677

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4,206	4,641	3,255	7,250	-1,548	2,258	13,095	21,183	24,065	23,379
Cash from Investing	-3,038	-4,160	-2,536	-4,567	3,246	1,526	-4,055	-11,756	-12,784	-9,027
Cash from Financing	-1,401	766	-592	-2,407	-1,775	-3,088	-8,432	-9,978	-10,975	-14,280
	-657	509	32	-31	-150	502	215	-552	306	72

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.29	49.29	49.27	49.27	43.54	41.58	41.58	41.57	41.57
	24.43	25.39	24.83	25.11	27.31	28.44	24.99	21.64	20.32
	15.36	20.59	21.14	20.66	24.02	24.58	28.08	31.14	31.85
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	4.83	4.65	4.69	4.88	5.06	5.32	5.31	5.60	6.22

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-20

Shareholders meeting

2026-08-20 - InterGlobe Aviation Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 20, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-20

Shareholders meeting

2026-08-20 - InterGlobe Aviation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2026

2026-08-18

Action(s) taken or orders passed

2026-08-18 - InterGlobe Aviation Limited has informed the Exchange about Action(s) taken or orders passed

2026-08-03

Press Release

2026-08-03 - InterGlobe Aviation Limited has informed the Exchange regarding a press release dated August 03, 2026.

2026-07-31

Press Release

2026-07-31 - InterGlobe Aviation Limited has informed the Exchange regarding a Press Release.

2026-07-29

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-29 - InterGlobe Aviation Limited has informed the Exchange about Transcript

2026-07-29

Copy of Newspaper Publication

2026-07-29 - InterGlobe Aviation Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-28

Shareholders meeting

2026-07-28 - InterGlobe Aviation Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 20, 2026

2026-07-28

General Updates

2026-07-28 - InterGlobe Aviation Limited has informed about the physical letters being sent to the shareholders who have not registered their email address

News

Recent coverage and analyst commentary for INDIGO

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Interglobe Aviation Ltd.

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Free 5nance Account

Name

INDIGO

4969.00

0.00

192134.63

0.00

-238.00

-110.94

24584.10

19.94

39.95

13.29

RAYMOND

853.50

153.24

5682.07

0.00

30.85

-99.94

605.61

15.51

-0.54

12.72

TAALTECH

5188.30

25.89

1616.85

1.25

194.34

1317.30

648.11

1316.08

33.33

34.03

SPICEJET

8.89

0.00

1356.70

0.00

-261.70

-1390.90

1345.47

14.14

0.00

-16.38

TANAA

251.75

33.78

641.98

0.99

5.74

62.05

10.31

21.04

15.52

72.30

GLOBALVECT

138.00

0.00

193.20

0.00

-11.85

-25.64

130.71

1.05

28.74

8.85

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

16,683

14,944

19,452

17,825

19,571

16,970

22,111

22,152

20,496

18,555

23,472

22,438

24,584

11,831

12,747

14,308

13,841

14,425

15,352

16,951

16,070

15,292

18,010

18,119

21,697

26,004

Operating Profit

4,852

2,196

5,144

3,984

5,146

1,618

5,160

6,082

5,205

545

5,353

741

-1,420

OPM %

29.08%

14.70%

26.45%

22.35%

26.29%

9.53%

23.34%

27.46%

25.39%

2.94%

22.80%

3.30%

-5.78%

594

558

610

680

790

884

953

1,046

1,045

-403

1,144

1,038

Interest

954

1,021

1,095

1,099

1,158

1,240

1,308

1,383

1,403

1,475

1,557

1,574

1,679

Depreciation

1,404

1,546

1,660

1,796

1,866

2,078

2,215

2,477

2,553

2,629

2,768

2,801

2,952

Profit before Tax

3,087

188

2,998

1,770

2,802

-909

2,520

3,175

2,295

-2,514

625

-2,490

-382

Tax %

0.00%

-7.02%

2.68%

-8.73%

3.10%

3.21%

5.85%

-3.99%

1.95%

-6.92%

0.10%

Net Profit

3,087

188

2,998

1,894

2,727

-989

2,442

3,073

2,161

-2,614

613

-2,662

-382

80.07

4.87

77.70

49.07

70.64

-25.60

63.21

79.54

55.92

-67.63

15.85

-68.86

-9.87

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

89,050

16,383

19,991

28,648

31,692

15,188

25,373

47,926

52,573

62,753

73,064

83,830

Operating Profit

2,198

3,030

-151

4,064

-548

558

6,521

16,331

18,050

11,898

5,219

OPM %

11.83%

13.16%

-0.53%

11.37%

-3.74%

2.15%

11.98%

23.70%

22.34%

14.00%

5.86%

810

947

1,325

1,537

1,587

725

1,432

2,326

3,307

2,833

2,824

Interest

406

413

563

1,902

2,170

2,386

3,168

4,208

5,133

6,062

6,285

Depreciation

457

437

760

3,974

4,699

5,068

5,101

6,406

8,637

10,751

11,150

Profit before Tax

2,144

3,127

-149

-275

-5,830

-6,171

-317

8,043

7,588

-2,083

-4,761

Tax %

22.62%

28.28%

204.76%

9.79%

-0.00%

-1.55%

4.40%

-20.12%

-5.98%

Net Profit

1,659

2,242

156

-248

-5,830

-6,171

-317

8,168

7,253

-2,502

-5,045

EPS

45.85

59.90

4.06

-6.45

-151.49

-160.25

-8.22

211.59

187.71

-64.73

—

Dividend Payout %

74.07%

10.29%

123.10%

0.00%

5.33%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

361

384

385

386

387

3,363

6,639

6,520

5,467

-349

-6,469

-6,737

1,485

8,814

6,001

6,562

7,574

9,966

19,561

25,588

32,424

42,481

49,091

71,930

95,931

Trade Payables

775

1,000

1,455

1,565

1,556

3,152

3,213

3,187

4,191

5,000

6,080

8,172

9,335

17,425

18,149

18,723

22,055

30,151

33,157

38,359

Total Liabilities

17,141

23,769

27,661

44,404

45,329

48,215

61,398

84,300

1,18,479

1,45,677

3,794

4,579

5,662

16,778

18,815

21,282

27,650

36,036

51,565

62,548

Capital Work in Progress

129

119

3,713

6,344

6,517

9,499

7,290

8,033

11,514

16,453

26,402

35,213

163

183

211

286

316

408

591

625

820

985

642

740

600

Cash & Bank

4,633

6,581

8,606

10,829

11,227

10,117

11,811

16,709

18,859

23,630

4,814

6,053

6,642

6,881

7,614

8,257

9,832

13,833

20,092

22,687

Total Assets

17,141

23,769

27,661

44,404

45,329

48,215

61,398

84,300

1,18,479

1,45,677

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

4,206

4,641

3,255

7,250

-1,548

2,258

13,095

21,183

24,065

23,379

Cash from Investing

-3,038

-4,160

-2,536

-4,567

3,246

1,526

-4,055

-11,756

-12,784

-9,027

Cash from Financing

-1,401

766

-592

-2,407

-1,775

-3,088

-8,432

-9,978

-10,975

-14,280

-657

509

-31

-150

502

215

-552

306

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

55.29

49.29

49.27

43.54

41.58

41.57

24.43

25.39

24.83

25.11

27.31

28.44

24.99

21.64

20.32

15.36

20.59

21.14

20.66

24.02

24.58

28.08

31.14

31.85

Government

0.00

Public

4.83

4.65

4.69

4.88

5.06

5.32

5.31

5.60

6.22

Interglobe Aviation Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Interglobe Aviation Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI