Interglobe Aviation Ltd
INDIGOInterglobe Aviation Ltd
INDIGOPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
24.12 | 80.16 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
47.03 | 6.55 | 0.58% |
Forecast & Ratings
Detailed Forecast from 20 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Interglobe Aviation Limited is engaged in the provision of passenger services. The Company is engaged in the business of providing domestic and international scheduled air transport services under the name of IndiGo.
Investor Presentation
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 19,369.57 | 23,967.75 | 29,821.37 | 37,291.51 | 15,677.59 | 26,656.53 | 55,881.42 | 71,231.16 | 76,575.25 | |||||||||
Raw Materials | 123.83 | 123.88 | 139.80 | 180.91 | 54.32 | 118.14 | 287.24 | 336.86 | 57,884.51 | |||||||||
Power & Fuel Cost | 6,341.51 | 7,760.14 | 11,942.79 | 12,453.79 | 3,831.28 | 9,695.24 | 23,646.02 | 23,904.58 | ||||||||||
Employee Cost | 2,048.19 | 2,455.02 | 3,210.56 | 4,709.96 | 3,295.49 | 3,486.44 | 4,794.75 | 6,461.86 | ||||||||||
Selling & Administrative Expenses | 1,201.71 | 1,322.26 | 1,859.00 | 2,198.20 | 970.92 | 1,481.88 | 1,921.36 | 2,396.67 | ||||||||||
Operating & Other expenses | 6,646.63 | 8,329.86 | 11,493.62 | 12,128.53 | 6,474.37 | 10,573.97 | 17,265.78 | 19,448.13 | ||||||||||
EBITDA | 3,007.70 | 3,976.59 | 1,175.60 | 5,620.12 | 1,051.21 | 1,300.86 | 7,966.27 | 18,683.06 | 18,690.74 | |||||||||
Depreciation/Amortization | 457.25 | 436.88 | 759.58 | 3,973.93 | 4,699.45 | 5,068.60 | 5,102.97 | 6,425.73 | 7,432.32 | |||||||||
PBIT | 2,550.45 | 3,539.71 | 416.02 | 1,646.19 | -3,648.24 | -3,767.74 | 2,863.30 | 12,257.33 | 11,258.42 | |||||||||
Interest & Other Items | 406.15 | 413.09 | 563.40 | 1,901.86 | 2,169.84 | 2,385.93 | 3,167.68 | 4,208.02 | 4,592.01 | |||||||||
PBT | 2,144.30 | 3,126.62 | -147.38 | -255.67 | -5,818.08 | -6,153.67 | -304.38 | 8,049.31 | 6,666.41 | |||||||||
Taxes & Other Items | 485.15 | 884.30 | -304.63 | -21.99 | -11.65 | 8.16 | 1.40 | -123.15 | 31.39 | |||||||||
Net Income | 1,659.15 | 2,242.32 | 157.25 | -233.68 | -5,806.43 | -6,161.83 | -305.78 | 8,172.46 | 6,635.02 | |||||||||
EPS | 45.90 | 60.13 | 4.09 | -6.08 | -150.87 | -160.01 | -7.93 | 211.85 | 171.90 | |||||||||
DPS | 34.00 | 6.00 | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||
Payout ratio | 0.74 | 0.10 | 1.22 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Peers & Comparison
IndustrialsAirlines
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Interglobe Aviation Ltd | 19.58 | 80.16 | — |
Spicejet Ltd | -16.92 | -1.37 | — |
Jet Airways (India) Ltd | -0.39 | -0.02 | — |
Global Vectra Helicorp Ltd | 263.37 | 14.49 | — |
Price Comparison
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Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 8.00%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.62%
Top 5 Mutual Funds holding Interglobe Aviation Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
SBI Equity Hybrid Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.4941% | Percentage of the fund’s portfolio invested in the stock 3.34% | Change in the portfolio weight of the stock over the last 3 months -0.27% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 11/96 (-3) |
Kotak Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7143% | Percentage of the fund’s portfolio invested in the stock 2.12% | Change in the portfolio weight of the stock over the last 3 months -0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 18/63 (+1) |
ICICI Prudential Bluechip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5979% | Percentage of the fund’s portfolio invested in the stock 1.50% | Change in the portfolio weight of the stock over the last 3 months -0.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 15/90 (0) |
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Events
Dividend Trend
No Dividends
INDIGO has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 19, 2019
Dividend/Share
₹5.00
Ex DateEx Date
Aug 19, 2019
Cash Dividend
Ex DateEx DateAug 2, 2018
Dividend/Share
₹6.00
Ex DateEx Date
Aug 2, 2018
Cash Dividend
Ex DateEx DateAug 18, 2017
Dividend/Share
₹34.00
Ex DateEx Date
Aug 18, 2017
Cash Dividend
Ex DateEx DateSep 12, 2016
Dividend/Share
₹15.00
Ex DateEx Date
Sep 12, 2016
InterGlobe Aviation has allotted 5,332 equity shares under InterGlobe Aviation Limited - Stock Option Scheme 2023 on 08 November 2024. With this allotment, the paid up equity share capital has increased to Rs 3,86,30,53,490. Powered by Capital Market - Live
Interglobe Aviation has allotted 27,808 equity shares under ESOS on 05 November 2024. With this allotment, the paid up equity share capital has increased to 386,300,017 equity shares of Rs 10 each. Powered by Capital Market - Live
However, revenue from operations jumped 13.55% year on year (YoY) to Rs 16,969.6 crore in the quarter ended 30 September 2024. Total income in Q2 FY25 was at Rs 17,759 crore, up 14.55% from Rs 15,502.9 crore reported in Q2 FY24. Durning the quarter, passenger ticket revenues were Rs 143,59.2 crore, an increase of 9.9% and ancillary revenues were Rs 1,875 crore, up 20.9% compared to the same period last year. EBITDAR (earnings before finance income and cost, tax, depreciation, amortization and aircraft, engine rental) declined marginally to Rs 2,434 crore in Q2 FY25 as against to Rs 2,446.5 crore reported in Q2 FY24. EBITDAR margin reduced to 14.3% in Q2 FY25 as compared to 16.4% recorded in the corresponding quarter previous year. Total expenses spiked 21.89% YoY to Rs 18,666.1 crore in Q2 FY25. Aircraft fuel expenses amounted to Rs 6,605.2 crore (up 12.79% YoY) while Aircraft and engine rentals was at Rs 763.6 crore (up 290.38% YoY) during the quarter. The company's passenger count rose by 5.8% to 27.8 million in quarter ended September 2024 from 26.3 million reported in the same quarter last year. Available seat-kilometer (ASK) increased 8.2% to 38.2 billion in Q2 FY25 from 35.3 billion posted in Q2 FY24. Revenue passenger-kilometer (RPK) grew by 7.4% to 31.6 billion in September 2024 quarter over 29.4 billion reported in September 2023 quarter. Revenue per available seat kilometer (RASK) rose 4.8% to Rs 4.45 in Q2 FY25 from Rs 4.25 reported in Q2 FY24. While, cost of available seat kilometer (CASK) was at Rs 4.69 in Q2 FY25, up 11.8% YoY. As of 30 September 2024, IndiGo had a total cash balance of Rs 39,341.9 crore, comprising Rs 24,359.7 crore of free cash and Rs 14,982.2 crore of restricted cash. The capitalized operating lease liability was Rs 47,779.4 crore and the total debt (including the capitalized operating lease liability) was Rs 59,236.9 crore, as of 30 September 2024. IndiGo operated at a peak of 2,161 daily flights during the quarter including non-scheduled flights. Explaining its future capacity growth, the company said, 'Third quarter of fiscal year 2025 capacity in terms of ASKs is expected to increase by early double digits as compared to the third quarter of fiscal year 2024.' Pieter Elbers, CEO of InterGlobe Aviation said, 'IndiGo's growth and expansion continued as our topline grew by 14.6 percent on a year over year basis, in the second quarter to 178 billion rupees. In a traditionally weaker second quarter, results were further impacted by headwinds related to groundings and fuel costs. We have turned the corner as the number of grounded aircraft and associated costs have started reducing. We continue to capitalize on the growth of the Indian market and associated opportunities and at the same time remain a cost leader in this competitive market. It marks a proud moment for us as we launch our business class two weeks from now and offer a new experience to our customers. We are receiving positive response to our recently launched loyalty rewards program ' IndiGo BluChip. I would like to extend my gratitude to our 6E family for their continuous efforts in making IndiGo India's preferred airline and courteously serving 28 million customers during the quarter.' Meanwhile, the company has announced an investment of up to Rs 295 crore in IndiGo Ventures Fund ' I (a scheme of InterGlobe Aviation Ventures (Category ' II, Alternate Investment Fund ' AIF Trust). The Scheme has been recently approved by SEBI and is yet to commence investing activity. This scheme will primarily invest in equity of start-ups in pre-series A, Series A and Series B stages. The focus sectors will be Aviation & Allied sectors. InterGlobe Aviation in the low cost carrier (LCC) segment of the airline industry in India. The principal activities of the company comprises of air transportation which includes passenger and cargo services and providing related allied services including in-flight sales. Powered by Capital Market - Live
Interglobe Aviation Ltd fell 10% today to trade at Rs 3928.2. The BSE India Infrastructure Index index is down 0.63% to quote at 618.71. The index is down 12.72 % over last one month. Among the other constituents of the index, Adani Power Ltd decreased 2.72% and Oil India Ltd lost 2.06% on the day. The BSE India Infrastructure Index index went up 66.79 % over last one year compared to the 25.02% surge in benchmark SENSEX. Interglobe Aviation Ltd has lost 20.5% over last one month compared to 12.72% fall in BSE India Infrastructure Index index and 6.82% drop in the SENSEX. On the BSE, 16432 shares were traded in the counter so far compared with average daily volumes of 22484 shares in the past one month. The stock hit a record high of Rs 5033.2 on 12 Sep 2024. The stock hit a 52-week low of Rs 2393.95 on 26 Oct 2023.Powered by Capital Market - Live
The Board of Interglobe Aviation at its meeting held on 25 October 2024 has approved investment of up to Rs 295 crore in IndiGo Ventures Fund - I (a scheme of InterGlobe Aviation Ventures (Category - II, Alternate Investment Fund - AIF Trust). The Company proposes to invest Rs 295 crore in the Scheme. The Scheme will primarily invest in equity of start-ups in pre-series A, Series A and Series B stages. The focus sectors will be Aviation & Allied sectors.Powered by Capital Market - Live
Net loss of Interglobe Aviation reported to Rs 986.70 crore in the quarter ended September 2024 as against net profit of Rs 188.93 crore during the previous quarter ended September 2023. Sales rose 13.56% to Rs 16969.60 crore in the quarter ended September 2024 as against Rs 14943.88 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales16969.6014943.88 14 OPM %9.6114.72 - PBDT1180.401738.07 -32 PBT-907.10189.10 PL NP-986.70188.93 PL Powered by Capital Market - Live
However, revenue from operations jumped 13.55% year on year (YoY) to Rs 16,969.6 crore in the quarter ended 30 September 2024. Total income in Q2 FY25 was at Rs 17,759 crore, up 14.55% from Rs 15,502.9 crore reported in Q2 FY24. Durning the quarter, passenger ticket revenues were Rs 143,59.2 crore, an increase of 9.9% and ancillary revenues were Rs 1,875 crore, up 20.9% compared to the same period last year. EBITDAR (earnings before finance income and cost, tax, depreciation, amortization and aircraft, engine rental) declined marginally to Rs 2,434 crore in Q2 FY25 as against to Rs 2,446.5 crore reported in Q2 FY24. EBITDAR margin reduced to 14.3% in Q2 FY25 as compared to 16.4% recorded in the corresponding quarter previous year. Total expenses spiked 21.89% YoY to Rs 18,666.1 crore in Q2 FY25. Aircraft fuel expenses amounted to Rs 6,605.2 crore (up 12.79% YoY) while Aircraft and engine rentals was at Rs 763.6 crore (up 290.38% YoY) during the quarter. The company's passenger count rose by 5.8% to 27.8 million in quarter ended September 2024 from 26.3 million reported in the same quarter last year. Available seat-kilometer (ASK) increased 8.2% to 38.2 billion in Q2 FY25 from 35.3 billion posted in Q2 FY24. Revenue passenger-kilometer (RPK) grew by 7.4% to 31.6 billion in September 2024 quarter over 29.4 billion reported in September 2023 quarter. Revenue per available seat kilometer (RASK) rose 4.8% to Rs 4.45 in Q2 FY25 from Rs 4.25 reported in Q2 FY24. While, cost of available seat kilometer (CASK) was at Rs 4.69 in Q2 FY25, up 11.8% YoY. As of 30 September 2024, IndiGo had a total cash balance of Rs 39,341.9 crore, comprising Rs 24,359.7 crore of free cash and Rs 14,982.2 crore of restricted cash. The capitalized operating lease liability was Rs 47,779.4 crore and the total debt (including the capitalized operating lease liability) was Rs 59,236.9 crore, as of 30 September 2024. IndiGo operated at a peak of 2,161 daily flights during the quarter including non-scheduled flights. Explaining its future capacity growth, the company said, 'Third quarter of fiscal year 2025 capacity in terms of ASKs is expected to increase by early double digits as compared to the third quarter of fiscal year 2024.' Pieter Elbers, CEO of InterGlobe Aviation said, 'IndiGo's growth and expansion continued as our topline grew by 14.6 percent on a year over year basis, in the second quarter to 178 billion rupees. In a traditionally weaker second quarter, results were further impacted by headwinds related to groundings and fuel costs. We have turned the corner as the number of grounded aircraft and associated costs have started reducing. We continue to capitalize on the growth of the Indian market and associated opportunities and at the same time remain a cost leader in this competitive market. It marks a proud moment for us as we launch our business class two weeks from now and offer a new experience to our customers. We are receiving positive response to our recently launched loyalty rewards program ' IndiGo BluChip. I would like to extend my gratitude to our 6E family for their continuous efforts in making IndiGo India's preferred airline and courteously serving 28 million customers during the quarter.' Meanwhile, the company has announced an investment of up to Rs 295 crore in IndiGo Ventures Fund ' I (a scheme of InterGlobe Aviation Ventures (Category ' II, Alternate Investment Fund ' AIF Trust). The Scheme has been recently approved by SEBI and is yet to commence investing activity. This scheme will primarily invest in equity of start-ups in pre-series A, Series A and Series B stages. The focus sectors will be Aviation & Allied sectors. InterGlobe Aviation in the low cost carrier (LCC) segment of the airline industry in India. The principal activities of the company comprises of air transportation which includes passenger and cargo services and providing related allied services including in-flight sales. The scrip fell 3.64% to settle at Rs 1,601.85 on the BSE. Powered by Capital Market - Live
InterGlobe Aviation will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live
Interglobe Aviation has allotted 10,000 equity shares under ESOS on 01 October 2024. With this allotment, the paid up equity share capital has increased to 386,272,209 equity shares of Rs 10 each. Powered by Capital Market - Live
Aurobindo Pharma Ltd, Welspun Living Ltd, Global Health Ltd, Kalpataru Projects International Ltd are among the other stocks to see a surge in volumes on BSE today, 01 October 2024.Interglobe Aviation Ltd witnessed volume of 1.85 lakh shares by 10:48 IST on BSE, a 9.64 times surge over two-week average daily volume of 19149 shares. The stock increased 1.40% to Rs.4,854.50. Volumes stood at 15650 shares in the last session.Aurobindo Pharma Ltd saw volume of 1.22 lakh shares by 10:48 IST on BSE, a 6.07 fold spurt over two-week average daily volume of 20173 shares. The stock dropped 3.55% to Rs.1,409.00. Volumes stood at 31711 shares in the last session.Welspun Living Ltd notched up volume of 7.64 lakh shares by 10:48 IST on BSE, a 3.94 fold spurt over two-week average daily volume of 1.94 lakh shares. The stock rose 6.38% to Rs.174.20. Volumes stood at 3.68 lakh shares in the last session.Global Health Ltd notched up volume of 33744 shares by 10:48 IST on BSE, a 3.81 fold spurt over two-week average daily volume of 8867 shares. The stock slipped 3.64% to Rs.990.00. Volumes stood at 23898 shares in the last session.Kalpataru Projects International Ltd recorded volume of 28843 shares by 10:48 IST on BSE, a 3.75 times surge over two-week average daily volume of 7697 shares. The stock gained 1.87% to Rs.1,393.10. Volumes stood at 6708 shares in the last session.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 19.02%, vs industry avg of 15.19%
Increasing Market Share
Over the last 5 years, market share increased from 47.42% to 88.73%