Interglobe Aviation Ltd - Stock Valuation and Financial Performance

BSE: 539448 | NSE: INDIGO | Airlines | Large Cap

Interglobe Aviation Share Price

4,064.90 20.75 0.51%
as on 21-Nov'24 14:19

DeciZen - make an informed investing decision on Interglobe Aviation

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Interglobe Aviation stock performance -

mw4me loader
P/E Ratio (CD):
23.55
Market Cap:
1,56,260 Cr.
52-wk low:
2,563
52-wk high:
5,033.2

Is Interglobe Aviation Ltd an attractive stock to invest in?

1. Is Interglobe Aviation Ltd a good quality company?

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

2. Is Interglobe Aviation Ltd undervalued or overvalued?

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

3. Is Interglobe Aviation Ltd a good buy now?

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

10 Year X-Ray of Interglobe Aviation:

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

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0%0%40%44.5%4.4%20.7%-79.5%-1,434.9%0%0%-
Value Creation
Index
NANA2.63.0-0.60.8-8.1NANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0018,58123,02128,49735,75614,64125,93154,44668,90473,818
Sales YoY Gr.-NANA23.9%23.8%25.5%-59.1%77.1%110%26.6%-
Adj EPS 0041.955.59.718.6-162.5-145.144.8223.1171.7
YoY Gr.-NANA32.6%-82.6%92.9%-972.3%NANA397.9%-
BVPS (₹) 00103182.7179.6152.52-156.7-163.350.298.8
Adj Net
Profit
001,5142,135371717-6,255-5,5881,7278,6106,635
Cash Flow from Ops. 003,7823,9033,1766,972-1,6142,09112,72821,218-
Debt/CF from Ops. 000.70.60.80.1-1.61.90.20.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA19.3%67.6%26.6%
Adj EPS NA87.4%NA397.9%
BVPSNA-22.5%194.2%NA
Share Price - 23.8% 21.8% 55.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
0040.139.35.311.2-208.9190.2-28.2-405.2230.5
Op. Profit
Mgn %
0011.913.41.115.8-3.55.917.424.822.3
Net Profit
Mgn %
008.29.31.32-42.7-21.63.212.59
Debt to
Equity
000.70.40.40.133-0.7-0.410
Working Cap
Days
0008984721871166468101
Cash Conv.
Cycle
000-11-10-11-16-21-17-1415

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 230.50%

Sales growth is growing at healthy rate in last 3 years 67.58%

Sales growth is good in last 4 quarters at 21.75%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Interglobe Aviation Ltd.

Standalone Consolidated
TTM EPS (₹) 171.6 171.7
TTM Sales (₹ Cr.) 73,818 73,818
BVPS (₹.) 97.1 98.8
Reserves (₹ Cr.) 3,366 3,433
P/BV 41.65 40.92
PE 23.57 23.55
From the Market
52 Week Low / High (₹) 2562.95 / 5033.20
All Time Low / High (₹) 697.00 / 5033.20
Market Cap (₹ Cr.) 1,56,260
Equity (₹ Cr.) 386.4
Face Value (₹) 10
Industry PE 23.8

Management X-Ray of Interglobe Aviation:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Interglobe Aviation

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales18,58123,02128,49735,75614,64125,93154,44668,904
Operating Expenses 16,38319,99128,64631,67115,14925,35647,91552,548
Manufacturing Costs12,89816,02423,50623,58511,00319,84138,16342,856
Material Costs12412513917855116286342
Employee Cost 2,0482,4553,2114,7103,2953,4864,7956,462
Other Costs 1,3131,3871,7903,1987961,9124,6712,888
Operating Profit 2,1983,030-1494,085-5095756,53116,356
Operating Profit Margin (%) 12.0%13.0%-1.0%11.0%-3.0%2.0%12.0%24.0%
Other Income 8109471,3251,5361,5607261,4352,327
Interest 4064135631,9022,1702,3863,1684,208
Depreciation 4574377603,9744,6995,0695,1036,426
Exceptional Items 00000000
Profit Before Tax 2,1443,127-147-256-5,818-6,154-3048,049
Tax 485884-305-22-1281-123
Profit After Tax 1,6592,242157-234-5,806-6,162-3068,172
PAT Margin (%) 9.0%10.0%1.0%-1.0%-40.0%-24.0%-1.0%12.0%
Adjusted EPS (₹)45.958.34.1-6.1-150.0-159.0-7.9211.7
Dividend Payout Ratio (%)74%10%122%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 3,7247,0236,9055,86776-6,037-6,2951,936
Share Capital 361384384385385385386386
Reserves 3,3636,6396,5215,483-309-6,422-6,6801,550
Minority Interest00000000
Debt2,3962,2412,1943472,5063,8972,2521,892
Long Term Debt2,3962,2412,19434738241600
Short Term Debt00002,1243,4812,2521,892
Trade Payables7751,0001,4531,5681,5513,1523,2093,158
Others Liabilities 10,24613,50417,12536,67841,26647,30662,36077,472
Total Liabilities 17,14123,76927,67644,46045,39948,31861,52684,457

Fixed Assets

Gross Block4,6725,8487,57522,55727,83533,26843,23657,707
Accumulated Depreciation8781,2701,9135,7779,01911,98515,57821,554
Net Fixed Assets3,7944,5795,66216,77918,81721,28427,65836,154
CWIP 25322414072125211
Investments 3,7136,3446,5179,4997,3398,10611,55816,546
Inventories163183211286316408591625
Trade Receivables159226362259219333520643
Cash Equivalents 4,6336,5818,62210,87211,22810,12011,84016,721
Others Assets4,6545,8236,2786,6237,4087,9419,33813,768
Total Assets 17,14123,76927,67644,46045,39948,31861,52684,457

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 3,7823,9033,1766,972-1,6142,09112,72821,218
PBT 2,1443,127-147-256-5,818-6,154-3048,049
Adjustment -5245255,9325,3737,68110,2899,329
Changes in Working Capital 2114151028941610-109376231334350
Tax Paid -424-738-96-315-76-198-389-511
Cash Flow From Investing Activity -3,038-4,160-2,536-4,5683,1971,502-4,059-11,809
Capex 376-1,220-1,706-1,0621,463260109-508
Net Investments -3,760-3,471-1,331-3,8761,5971,150-4,325-10,957
Others 34653150136913792157-343
Cash Flow From Financing Activity -1,401766-592-2,407-1,775-3,088-8,432-9,979
Net Proceeds from Shares 12,5080249282242
Net Proceeds from Borrowing 00000000
Interest Paid -17-21-29-1,371-1,622-1,998-2,668-3,496
Dividend Paid -542-1,230-231-1920000
Others -843-492-332-868-163-1,118-5,786-6,524
Net Cash Flow -65751047-4-192505236-570
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)44.5541.732.26-3.66-195.4N/AN/A0
ROCE (%)4044.514.420.66-79.48N/AN/A0
Asset Turnover Ratio1.081.131.170.990.330.550.990.94
PAT to CFO Conversion(x)2.281.7420.23N/AN/AN/AN/A2.6
Working Capital Days
Receivable Days33436433
Inventory Days33338533
Payable Days2,2892,5883,2173,09907,3704,0593,395

Interglobe Aviation Ltd Stock News

Interglobe Aviation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Interglobe Aviation on 21-Nov-2024 14:19 is ₹4,064.9.
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 21-Nov-2024 14:19 the market cap of Interglobe Aviation stood at ₹1,56,260.
The latest P/E ratio of Interglobe Aviation as of 21-Nov-2024 14:19 is 23.57.
The latest P/B ratio of Interglobe Aviation as of 21-Nov-2024 14:19 is 41.65.
The 52-week high of Interglobe Aviation is ₹5,033.2 and the 52-week low is ₹2,563.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Interglobe Aviation is ₹73,818 ( Cr.) .

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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