Interglobe Aviation Ltd (Indigo) is Indiaβs 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 βlow fares, on-time flights, and a courteous and hassle-free serviceβ to its customers. IndiGo commenced operations in August 2006 with a single aircraft and has grown its fleet to 262 aircrafts.[1]
InterGlobe Aviation (IndiGo) is India's largest passenger airline, operating as a low-cost carrier with a significant market share in both domestic and international segments. It aims to provide low fares, on-time flights, and a courteous service.
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| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Interglobe Aviat | 4962.10 | 37.90 | 191876.40 | 0.20 | -2614.10 | -164.37 | 18555.30 | 9.34 | 17.34 | 83314.30 | 20.40 | 5062.40 | -2614.10 | 22.55 | 5.89 | 8.83 |
| 2. | SpiceJet | 29.37 | 4482.15 | 0.00 | -633.80 | -43.48 | 781.22 | -14.25 | 9.10 | 4564.73 | -14.88 | -519.04 | -633.80 | 0.65 | |||
| 3. | TAAL Enterprises | 3043.15 | 18.42 | 948.35 | 2.14 | 14.27 | -1.79 | 48.83 | -0.59 | 32.73 | 182.66 | 31.75 | 51.48 | 14.27 | 4.26 | 21.32 | 0.01 |
| 4. | FlySBS Aviation | 533.65 | 19.63 | 923.42 | 0.00 | 23.84 | 358.46 | 137.61 | 64.39 | 34.65 | 247.79 | 25.38 | 47.04 | 23.84 | 3.51 | 21.13 | 0.09 |
| 5. | Global Vectra | 195.55 | 270.46 | 0.00 | -6.16 | -48.43 | 117.62 | -5.37 | 6.66 | 524.49 | 8.05 | -5.96 | -6.16 | 60.70 | -0.07 | 140.88 |
Figures in Cr.
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sales
|
14,933 | 19,452 | 22,111 | 16,683 | 19,571 | 20,496 | 14,161 | 17,825 | 22,152 | 12,498 | 14,944 | 16,970 | 18,555 |
|
YOY Sales Growth %
|
60.66% | 30.26% | 13.67% | 29.78% | 17.31% | 4.73% | 76.55% | 25.88% | 24.27% | 122.83% | 19.57% | 13.56% | 9.34% |
|
Expenses
|
11,819 | 14,308 | 16,951 | 11,715 | 14,425 | 15,292 | 11,412 | 13,841 | 16,070 | 12,472 | 12,748 | 15,352 | 18,010 |
|
Material Cost %
|
0.53% | 0.51% | 0.49% | 0.45% | 0.44% | 0.51% | 0.52% | 0.49% | 0.48% | 0.5% | 0.55% | 0.48% | 0.61% |
|
Employee Cost %
|
7.79% | 7.88% | 7.8% | 7.88% | 8.1% | 8.93% | 8.27% | 9.07% | 7.9% | 8.33% | 9.19% | 9.83% | 9.83% |
|
Operating Profit
|
3,114 | 5,144 | 5,160 | 4,968 | 5,146 | 5,205 | 2,748 | 3,984 | 6,082 | 25 | 2,196 | 1,618 | 545 |
|
OPM %
|
21% | 26% | 23% | 30% | 26% | 25% | 19% | 22% | 27% | 0% | 15% | 10% | 3% |
|
Other Income
|
476 | 610 | 884 | 477 | 680 | 1,046 | 438 | 680 | 953 | 354 | 558 | 790 | 1,045 |
|
Exceptional items
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Other income normal
|
476 | 610 | 884 | 477 | 680 | 1,046 | 438 | 680 | 953 | 354 | 558 | 790 | 1,045 |
|
Interest
|
829 | 1,095 | 1,308 | 954 | 1,158 | 1,403 | 918 | 1,099 | 1,383 | 728 | 1,021 | 1,240 | 1,475 |
|
Depreciation
|
1,342 | 1,660 | 2,215 | 1,404 | 1,866 | 2,553 | 1,352 | 1,796 | 2,477 | 1,237 | 1,545 | 2,078 | 2,629 |
|
Profit before tax
|
1,418 | 2,998 | 2,520 | 3,087 | 2,802 | 2,295 | 916 | 1,770 | 3,175 | -1,585 | 188 | -909 | -2,514 |
|
Tax %
|
0% | 0% | 3% | 0% | 3% | 6% | 0% | -7% | 3% | 0% | 0% | 9% | 4% |
|
Net Profit
|
1,418 | 2,998 | 2,442 | 3,087 | 2,727 | 2,161 | 916 | 1,894 | 3,073 | -1,585 | 188 | -989 | -2,614 |
|
EPS in Rs
|
36.79 | 77.69 | 63.2 | 80.07 | 70.64 | 55.91 | 23.76 | 49.07 | 79.53 | -41.14 | 4.87 | -25.6 | -67.62 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sales
|
11,117 | 13,925 | 16,140 | 18,580 | 23,021 | 28,497 | 35,756 | 14,641 | 25,931 | 54,446 | 68,904 | 80,803 | 83,314 |
|
Sales Growth %
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Expenses
|
10,684 | 12,022 | 12,976 | 16,362 | 19,991 | 28,648 | 31,687 | 14,638 | 25,373 | 47,926 | 52,573 | 62,753 | 66,322 |
|
Material Cost %
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Raw material cost
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Change in inventory
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Manufacturing Cost %
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Employee Cost %
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Other Cost %
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Operating Profit
|
433 | 1,904 | 3,164 | 2,219 | 3,030 | -151 | 4,069 | 2 | 558 | 6,521 | 16,331 | 18,050 | 16,992 |
|
OPM %
|
4% | 14% | 20% | 12% | 13% | -1% | 11% | 0% | 2% | 12% | 24% | 22% | 20% |
|
Other Income
|
391 | 395 | 515 | 789 | 947 | 1,325 | 1,531 | 1,036 | 725 | 1,431 | 2,326 | 3,307 | 3,928 |
|
Exceptional items
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Other income normal
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Interest
|
123 | 150 | 350 | 406 | 413 | 563 | 1,902 | 2,170 | 2,386 | 3,168 | 4,208 | 5,133 | 5,569 |
|
Depreciation
|
226 | 302 | 505 | 457 | 437 | 760 | 3,974 | 4,699 | 5,068 | 5,101 | 6,406 | 8,637 | 9,875 |
|
Profit before tax
|
475 | 1,847 | 2,824 | 2,144 | 3,127 | -149 | -275 | -5,830 | -6,171 | -317 | 8,043 | 7,588 | 5,477 |
|
Tax %
|
0% | 29% | 30% | 23% | 28% | -205% | -10% | 0% | 0% | 0% | -2% | 4% | β |
|
Net Profit
|
474 | 1,304 | 1,986 | 1,659 | 2,242 | 156 | -248 | -5,830 | -6,171 | -317 | 8,168 | 7,253 | 5,062 |
|
Exceptional items AT
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Profit excl Excep
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Profit for PE
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Profit for EPS
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
EPS in Rs
|
15,454.07 | 42,481.11 | 55.12 | 45.9 | 58.33 | 4.06 | -6.45 | -151.46 | -160.18 | -8.21 | 211.6 | 187.7 | 131.02 |
|
Dividend Payout %
|
80% | 83% | 27% | 74% | 10% | 123% | 0% | 0% | 0% | 0% | 0% | 5% | β |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Equity Capital
|
31 | 31 | 360 | 361 | 384 | 384 | 385 | 385 | 385 | 386 | 386 | 386 | 387 |
|
Reserves
|
373 | 386 | 2,363 | 3,418 | 6,693 | 6,560 | 5,478 | -314 | -6,421 | -6,695 | 1,546 | 8,920 | 8,121 |
|
Borrowings
|
3,350 | 3,930 | 3,245 | 2,596 | 2,453 | 2,429 | 22,719 | 29,860 | 36,878 | 44,860 | 51,280 | 67,088 | 75,105 |
|
Long term Borrowings
|
3,081 | 3,588 | 3,007 | 2,396 | 2,241 | 2,194 | 347 | 382 | 416 | -0 | -0 | -0 | -0 |
|
Short term Borrowings
|
-0 | -0 | -0 | -0 | -0 | -0 | -0 | 2,124 | 3,481 | 2,252 | 1,892 | 1,800 | 1,800 |
|
Lease Liabilities
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Other Borrowings
|
266 | 338 | 238 | 200 | 211 | 236 | 339 | -0 | -0 | -0 | -0 | -0 | β |
|
Other Liabilities
|
5,348 | 6,443 | 6,662 | 8,834 | 11,599 | 15,638 | 13,467 | 13,044 | 15,018 | 20,492 | 28,857 | 39,519 | 44,590 |
|
Trade Payables
|
383 | 475 | 741 | 775 | 1,000 | 1,455 | 1,565 | 1,556 | 3,152 | 3,213 | 3,187 | 4,191 | 4,624 |
|
Advance from Customers
|
179 | 193 | 213 | 177 | 372 | 447 | 470 | 304 | 417 | 678 | 860 | 1,125 | β |
|
Other liability items
|
4,786 | 5,775 | 5,707 | 7,883 | 10,227 | 13,736 | 11,431 | 11,184 | 11,449 | 16,601 | 24,811 | 34,203 | 39,967 |
|
Total Liabilities
|
9,102 | 10,789 | 12,630 | 15,210 | 21,129 | 25,012 | 42,048 | 42,974 | 45,860 | 59,043 | 82,069 | 1,15,914 | 1,28,203 |
|
Fixed Assets
|
3,956 | 4,876 | 4,747 | 3,794 | 4,579 | 5,662 | 16,778 | 18,815 | 21,282 | 27,650 | 36,036 | 51,565 | 57,092 |
|
Land
|
0 | 0 | 0 | 0 | 0 | 0 | 289.94 | 294.42 | 328.83 | 328.83 | 328.8 | 328.8 | β |
|
Building
|
100.11 | 137.12 | 123.05 | 159.2 | 222.22 | 291.05 | 470.07 | 580.76 | 501.38 | 826.55 | 903.1 | 1,010.7 | β |
|
Plant Machinery
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Equipments
|
7.75 | 9.27 | 7.05 | 131.52 | 153.33 | 235.16 | 853.63 | 890.07 | 911.84 | 1,007.71 | 1,581.5 | 1,856.4 | β |
|
Furniture & fittings
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Vehicles
|
4,180.89 | 5,323.31 | 5,017.67 | 4,243.06 | 5,278.85 | 6,813.34 | 20,644.11 | 25,737.07 | 31,155.53 | 40,674.48 | 54,220 | 75,888.4 | β |
|
Intangible Assets
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.2 |
|
Other fixed assets
|
124.84 | 37.5 | 31.67 | 75.51 | 101.88 | 115.74 | 146.75 | 162.75 | 169.83 | 172.25 | 225.8 | 228.6 | β |
|
Gross Block
|
4,450.46 | 5,671.55 | 5,336.78 | 4,672.33 | 5,848.39 | 7,575.5 | 22,555.12 | 27,833.05 | 33,264.81 | 43,224.06 | 57,566.6 | 79,687.2 | β |
|
Accumulated Depreciation
|
494.49 | 795.51 | 589.38 | 878.49 | 1,269.58 | 1,913.46 | 5,776.92 | 9,017.58 | 11,982.74 | 15,574.09 | 21,530.1 | 28,122.4 | β |
|
CWIP
|
0 | 0 | 32 | 25 | 32 | 24 | 140 | 72 | 125 | 21 | 1 | 3 | 6 |
|
Investments
|
1,272 | 517 | 986 | 3,713 | 6,344 | 6,517 | 9,499 | 7,290 | 8,033 | 11,514 | 16,453 | 26,402 | 30,663 |
|
Other Assets
|
3,874 | 5,396 | 6,864 | 7,677 | 10,174 | 12,809 | 15,631 | 16,797 | 16,420 | 19,858 | 29,578 | 37,944 | 40,442 |
|
Inventories
|
67 | 152 | 87 | 163 | 183 | 211 | 286 | 316 | 408 | 591 | 625 | 820 | 873 |
|
Trade receivables
|
89 | 105 | 157 | 159 | 226 | 362 | 260 | 219 | 333 | 520 | 642 | 740 | 831 |
|
Receivables under 6m
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Receivables over 6m
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Prow for Doubtful
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Cash Equivalents
|
1,102 | 1,999 | 3,719 | 4,633 | 6,581 | 8,606 | 10,829 | 11,227 | 10,117 | 11,811 | 16,709 | 18,859 | 21,121 |
|
Loans & Advances
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Other Assets items
|
β | β | β | β | β | β | β | β | β | β | β | β | β |
|
Total Assets
|
9,102 | 10,789 | 12,630 | 15,210 | 21,129 | 25,012 | 42,048 | 42,974 | 45,860 | 59,043 | 82,069 | 1,15,914 | 1,28,203 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cash from Operating Activity
|
1,595 | 2,384 | 3,116 | 3,782 | 3,903 | 3,160 | 6,943 | -1,620 | 2,064 | 12,703 | 21,183 | 24,065 |
|
Profit from operations
|
572 | 2,002 | 3,384 | 2,093 | 3,131 | 376 | 5,657 | -456 | 1,512 | 9,974 | 17,355 | 20,014 |
|
Receivables
|
-21 | -22 | -53 | -2 | -67 | -141 | 101 | 39 | -119 | -205 | -120 | -106 |
|
Inventory
|
-17 | -65 | 17 | -87 | -20 | -28 | -75 | -30 | -92 | -183 | -34 | -196 |
|
Payables
|
1,130 | 861 | 916 | 1,734 | 1,955 | 1,398 | 2,096 | -348 | 1,423 | 4,015 | 7,019 | 8,977 |
|
Loans Advances
|
39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Other WC items
|
0 | 3 | -573 | 469 | -358 | 1,650 | -530 | -754 | -466 | -507 | -2,528 | -4,212 |
|
Working capital changes
|
1,131 | 777 | 308 | 2,113 | 1,510 | 2,879 | 1,593 | -1,093 | 746 | 3,120 | 4,338 | 4,464 |
|
Direct taxes
|
-108 | -395 | -576 | -424 | -738 | -95 | -306 | -72 | -194 | -392 | -511 | -413 |
|
Cash from Investing Activity
|
-2,914 | -940 | -1,337 | -3,033 | -4,152 | -2,526 | -4,573 | 3,228 | 1,527 | -4,039 | -11,759 | -12,782 |
|
Fixed assets purchased
|
-2,324 | -1,017 | -249 | -237 | -1,220 | -1,712 | -1,087 | -436 | -346 | -537 | -997 | -1,230 |
|
Fixed assets sold
|
0 | 0 | 0 | 613 | 0 | 5 | 27 | 16 | 7 | 4 | 594 | 12 |
|
Investments purchased
|
0 | -6,507 | -5,939 | -12,673 | -15,772 | -15,008 | -23,056 | -12,704 | -20,112 | -29,084 | -23,377 | -22,305 |
|
Investments sold
|
0 | 7,366 | 5,519 | 10,123 | 13,519 | 15,220 | 20,726 | 15,349 | 19,602 | 26,059 | 19,452 | 14,301 |
|
Interest received
|
129 | 130 | 329 | 346 | 531 | 501 | 369 | 137 | 92 | 157 | 576 | 1,147 |
|
Redeemp Cnce of Shares
|
β | β | β | β | β | β | β | β | β | β | β | β |
|
Acquisition of companies
|
β | β | β | β | β | β | β | β | β | β | β | β |
|
Other investing items
|
-755 | -911 | -997 | -1,205 | -1,209 | -1,532 | -1,551 | 867 | 2,285 | -638 | -7,907 | -3,874 |
|
Cash from Financing Activity
|
1,285 | -1,308 | -1,220 | -1,401 | 766 | -592 | -2,407 | -1,775 | -3,088 | -8,432 | -9,978 | -10,975 |
|
Redemption of debentures
|
β | β | β | β | β | β | β | β | β | β | β | β |
|
Proceeds from borrowings
|
1,815 | 0 | 0 | 0 | 0 | 48 | 42 | 4,844 | 15,236 | 0 | 0 | 0 |
|
Repayment of borrowings
|
-452 | 0 | 0 | 0 | 0 | -256 | 0 | -3,010 | -13,865 | -1,673 | -282 | -92 |
|
Interest paid fin
|
-19 | -10 | -12 | -17 | -21 | -29 | -34 | -29 | -1,998 | -2,668 | -3,496 | -4,077 |
|
Dividends paid
|
0 | -1,358 | -1,103 | -542 | -1,230 | -231 | -192 | 0 | 0 | 0 | 0 | 0 |
|
Financial liabilities
|
0 | -67 | -70 | -48 | -53 | -77 | -2,208 | -3,590 | -2,489 | -4,114 | -6,242 | -6,848 |
|
Other financing items
|
-60 | 126 | -1,249 | -795 | -438 | -47 | -40 | 0 | 0 | 0 | 0 | 0 |
|
Net Cash Flow
|
-34 | 136 | 559 | -652 | 518 | 42 | -37 | -168 | 503 | 232 | -555 | 308 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debtor Days
|
3 | 3 | 4 | 3 | 4 | 5 | 3 | 5 | 5 | 3 | 3 | 3 |
|
Inventory Days
|
β | β | β | β | β | β | β | β | β | β | β | β |
|
Days Payable
|
β | β | β | β | β | β | β | β | β | β | β | β |
|
Cash Conversion Cycle
|
3 | 3 | 4 | 3 | 4 | 5 | 3 | 5 | 5 | 3 | 3 | 3 |
|
Working Capital Days
|
-76 | -60 | -63 | -72 | -70 | -64 | -146 | -415 | -287 | -141 | -144 | -123 |
|
ROCE %
|
17% | 47% | 61% | 38% | 40% | 0% | 5% | -14% | -13% | 7% | 25% | 17% |
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