Financials InterGlobe Aviation Limited

Equities

INDIGO

INE646L01027

Airlines

Market Closed - NSE India S.E. 07:43:47 2024-04-26 am EDT 5-day change 1st Jan Change
3,935 INR +3.22% Intraday chart for InterGlobe Aviation Limited +10.54% +32.63%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 548,991 410,251 628,078 775,961 736,646 1,518,961 - -
Enterprise Value (EV) 1 419,542 210,000 734,811 962,473 951,211 1,649,281 1,633,952 1,447,334
P/E ratio 349 x -176 x -10.8 x -12.6 x -241 x 19.5 x 20.8 x 21.3 x
Yield 0.35% - - - - 0.17% 0.55% 0.55%
Capitalization / Revenue 1.93 x 1.15 x 4.29 x 2.99 x 1.35 x 2.25 x 2.02 x 1.77 x
EV / Revenue 1.47 x 0.59 x 5.02 x 3.71 x 1.75 x 2.44 x 2.18 x 1.69 x
EV / EBITDA 8.75 x 4.61 x 275 x 112 x 14.6 x 10.2 x 9.58 x 7.68 x
EV / FCF 28.7 x 3.57 x -35.8 x 55.2 x 7.82 x 12.8 x 11.5 x 10.1 x
FCF Yield 3.49% 28% -2.79% 1.81% 12.8% 7.81% 8.69% 9.93%
Price to Book 7.9 x 6.98 x 567 x -13 x -11.8 x 109 x 18.6 x 10.4 x
Nbr of stocks (in thousands) 384,407 384,796 384,864 385,255 385,547 385,979 - -
Reference price 2 1,428 1,066 1,632 2,014 1,911 3,935 3,935 3,935
Announcement Date 5/27/19 6/2/20 6/5/21 5/25/22 5/18/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 284,968 357,560 146,406 259,309 544,465 676,009 750,396 858,160
EBITDA 1 47,960 45,550 2,669 8,590 64,954 161,034 170,620 188,568
EBIT 1 -9,630 846.9 -47,131 -45,213 13,924 97,194 99,475 108,684
Operating Margin -3.38% 0.24% -32.19% -17.44% 2.56% 14.38% 13.26% 12.66%
Earnings before Tax (EBT) 1 -1,474 -2,557 -58,181 -61,537 -3,044 78,799 73,813 84,537
Net income 1 1,572 -2,337 -58,064 -61,618 -3,058 77,540 72,619 71,613
Net margin 0.55% -0.65% -39.66% -23.76% -0.56% 11.47% 9.68% 8.34%
EPS 2 4.090 -6.070 -150.9 -160.0 -7.930 201.4 189.5 185.2
Free Cash Flow 1 14,640 58,835 -20,510 17,437 121,581 128,881 142,054 143,770
FCF margin 5.14% 16.45% -14.01% 6.72% 22.33% 19.06% 18.93% 16.75%
FCF Conversion (EBITDA) 30.52% 129.17% - 202.99% 187.18% 80.03% 83.26% 76.24%
FCF Conversion (Net income) 931.01% - - - - 166.21% 195.62% 200.76%
Dividend per Share 2 5.000 - - - - 6.776 21.75 21.54
Announcement Date 5/27/19 6/2/20 6/5/21 5/25/22 5/18/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 49,100 62,229 30,069 56,085 92,948 80,207 128,553 124,976 149,330 141,606 166,831 144,960 182,516 168,563 179,122
EBITDA 9,871 6,177 - 2,559 19,105 1,052 6,639 757.1 31,878 27,517 - 20,078 42,062 38,244 -
EBIT 1 -3,144 - -27,820 -10,571 5,494 -12,316 -5,712 -12,104 17,754 13,985 35,667 -4,888 30,480 25,928 23,160
Operating Margin -6.4% - -92.52% -18.85% 5.91% -15.36% -4.44% -9.69% 11.89% 9.88% 21.38% -3.37% 16.7% 15.38% 12.93%
Earnings before Tax (EBT) 1 -6,231 - -31,742 -14,357 - - -10,642 -15,833 14,233 9,198 30,907 1,616 22,024 19,776 -
Net income 1 -6,201 -11,472 -31,742 -14,357 - - -10,643 -15,833 14,226 9,192 30,906 1,616 22,024 19,755 -
Net margin -12.63% -18.43% -105.56% -25.6% - - -8.28% -12.67% 9.53% 6.49% 18.53% 1.11% 12.07% 11.72% -
EPS 2 -16.11 - -82.47 -37.29 - - - -41.09 36.86 23.81 80.03 4.200 49.53 58.24 -
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 1/28/21 6/5/21 7/27/21 10/28/21 2/4/22 5/25/22 8/3/22 11/4/22 2/3/23 5/18/23 8/2/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 106,733 186,512 214,565 130,320 114,991 -
Net Cash position 1 129,449 200,250 - - - - - 71,627
Leverage (Debt/EBITDA) - - 40 x 21.71 x 3.303 x 0.8093 x 0.674 x -
Free Cash Flow 1 14,640 58,835 -20,510 17,437 121,581 128,881 142,055 143,770
ROE (net income / shareholders' equity) 2.24% -3.64% -194% - - 245% 145% 61.9%
ROA (Net income/ Total Assets) - 3.04% -13.6% -13.8% -0.58% 10% 9% 7%
Assets 1 - -76,868 425,760 445,069 525,682 775,398 806,875 1,023,041
Book Value Per Share 2 181.0 153.0 2.880 -155.0 -162.0 36.20 211.0 378.0
Cash Flow per Share 2 38.10 181.0 -41.90 54.30 330.0 416.0 426.0 442.0
Capex 1 17,116 10,883 4,369 3,469 5,698 27,724 28,397 31,332
Capex / Sales 6.01% 3.04% 2.98% 1.34% 1.05% 4.1% 3.78% 3.65%
Announcement Date 5/27/19 6/2/20 6/5/21 5/25/22 5/18/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
3,935 INR
Average target price
3,823 INR
Spread / Average Target
-2.87%
Consensus
  1. Stock Market
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  4. Financials InterGlobe Aviation Limited