MarketFriction

Interglobe Aviation Ltd

NSE INDIGO · BSE 539448 · Airline
₹4,929.90 -1.09%
NSE close2026-10-01
52 week range3,895.20 - 5,970.00
Market cap₹1,88,384 Cr.
IPO 2015 · +544% since Nifty 50Nifty 100Nifty 200Nifty 500Nifty InfrastructureNifty India Consumption No price band Delivery 48.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales14,94419,45217,82519,57116,97022,11122,15220,49618,55523,47222,43824,584
Expenses12,74414,30313,83214,41215,33816,93216,06215,27017,97618,10421,62821,317
Operating Profit2,2005,1493,9945,1591,6315,1796,0895,2265805,3678103,267
OPM %15%26%22%26%10%23%27%26%3.1%23%3.6%13%
Other Income5596106806787898829461,0461,044-4781,1421,030
Interest1,0211,0951,0991,1581,2401,3081,3741,3961,4651,5451,4851,565
Depreciation1,5491,6661,8031,8762,0882,2262,4912,5662,6402,7822,8202,970
Profit before tax1892,9981,7712,804-9072,5273,1692,311-2,482562-2,352-238
Tax %0%0%-7%3%9%3%3%6%4%2%8%-0%
Net Profit1892,9981,8952,729-9872,4493,0682,176-2,582549-2,537-238
EPS in Rs4.9077.6849.0970.70-25.5463.3879.3856.31-66.7914.22-65.60-6.14
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales18,58023,02128,49735,75614,64125,93154,44668,90480,80384,96289,050
Expenses16,36219,99128,64631,66614,62625,35647,91552,54862,70172,92579,026
Operating Profit2,2193,030-1494,090145756,53116,35618,10212,03710,024
OPM %12%13%-0.5%11%0.1%2.2%12%24%22%14%11%
Other Income7899471,3251,5311,0377261,4352,3273,2952,7552,739
Interest4064135631,9022,1702,3863,1684,2085,1245,9446,060
Depreciation4574377603,9744,6995,0695,1036,4268,68010,80811,212
Profit before tax2,1443,127-147-256-5,818-6,154-3048,0497,593-1,960-4,510
Tax %23%28%-207%-9%-0%0%0%-2%4%22%
Net Profit1,6592,242157-234-5,806-6,162-3068,1727,258-2,394-4,808
EPS in Rs45.9058.334.09-6.07-150.85-159.94-7.93211.73187.84-61.87-124.31
Dividend Payout %74%10%122%0%0%0%0%0%5%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%42%16%9%
Compounded Profit Growth%10%%-148%
Stock Price CAGR18%20%27%-13%
Return on Equity%%%-27%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital361384384385385385386386386387
Reserves3,4186,6936,5615,493-274-6,373-6,6381,6108,9826,584
Borrowings2,5962,2542,42922,71929,86036,87844,86051,28066,81077,749
Other Liabilities8,83411,79815,65113,50413,08115,07320,56228,94839,66651,282
Total Liabilities15,21021,12925,02642,10143,05145,96359,17082,224115,844136,002
Fixed Assets3,7944,5795,66216,77918,81721,28427,65836,15451,78263,157
CWIP25322414072125211359
Investments3,7136,3446,5179,4997,3398,10611,55816,54626,09327,675
Other Assets7,67710,17412,82415,68216,82316,44719,93329,52437,96645,111
Total Assets15,21021,12925,02642,10143,05145,96359,17082,224115,844136,002
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3,7823,9033,1766,972-1,6142,09112,72821,21824,15123,470
Cash from Investing Activity-3,033-4,151-2,526-4,5743,1791,504-4,043-11,812-12,758-1,943
Cash from Financing Activity-1,401766-592-2,407-1,775-3,088-8,432-9,979-11,015-21,276
Net Cash Flow-65251858-9-210506253-573378251
Free Cash Flow4,1582,6831,4695,910-2,0351,75012,16320,12022,55821,767
CFO/OP190%153%-2,197%178%-10,784%398%201%133%136%197%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3453553333
Inventory Days
Days Payable
Cash Conversion Cycle3453553333
Working Capital Days-72-70-64-147-416-287-141-144-123-129
ROCE %40%0%5%-14%-13%7%24%17%5%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters63.25%63.12%57.29%55.29%49.29%49.27%49.27%43.54%41.58%41.57%41.57%41.57%
FIIs20.29%18.70%23.66%24.43%25.40%24.83%25.12%27.31%28.44%24.99%21.64%20.32%
DIIs13.25%14.65%15.03%15.36%20.59%21.14%20.66%24.02%24.58%28.08%31.14%31.85%
Government0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.04%0.04%0.04%
Public3.16%3.45%3.95%4.85%4.64%4.69%4.88%5.05%5.32%5.31%5.60%6.23%
No. of Shareholders1,40,1791,41,1061,70,0592,39,6502,49,0612,73,6772,89,4443,03,0623,16,2463,87,0564,02,4833,74,212

Fundamentals

Market Cap₹ 1,88,384 Cr.
Current Price₹ 4,872
Book Value₹ 180
ROCE5.24 %
ROE-27.1 %
Dividend Yield0.21 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)-148%
Consolidated figures.
Valuation
Market capRs 190,596 Cr
Enterprise valueRs 244,346 Cr
Price to book27.34x
Price to sales2.14x
EV / EBITDA19.15x
EV / EBIT157.60x
EV / sales2.74x
Price to cash flow8.12x
Earnings yield-2.52%
P/E, 3-year average22.00x
P/B, 3-year average37.19x
P/E, 5-year average22.00x
P/B, 5-year average17.37x
Profitability
Operating margin (excl. other income)14.17%
Operating margin (incl. other income)17.41%
EBITDA margin14.33%
Pre-tax margin-5.06%
Net profit margin-5.40%
Net margin, latest quarter-0.97%
ROE-29.28%
ROCE4.95%
ROA-1.90%
ROE, 3-year average-95.20%
ROCE, 3-year average17.09%
ROA, 3-year average5.66%
ROE, 5-year average-14.18%
ROCE, 5-year average9.43%
ROA, 5-year average0.51%
ROIC (approx.)3.12%
Tax rate-22.09%
Other income / net worth39.52%
Growth
Sales growth (latest year)5.15%
Profit growth (latest year)-132.95%
Sales CAGR, 3 years15.99%
Sales CAGR, 5 years42.15%
Sales growth QoQ9.56%
Sales growth YoY (latest quarter)19.94%
Profit growth YoY (latest quarter)-110.92%
Per share
EPS (TTM)Rs -124.31
EPS (latest year)Rs -61.87
EPS (latest quarter)Rs -6.15
EPS, 3-year averageRs 112.57
EPS, 5-year averageRs 33.97
Book value per shareRs 180.31
Sales per shareRs 2,303.33
Cash flow per shareRs 607.06
Free cash flow per shareRs 563.02
Dividend per share, 3-year averageRs 10.00
Dividend per share, 5-year averageRs 10.00
Dividends
Dividend payout, 3-year average5.32%
Dividend payout, 5-year average5.32%
Efficiency
Asset turnover0.62x
Fixed asset turnover1.35x
Inventory turnover53.31x
Inventory days7 days
Debtor days3 days
Debtors turnover141.70x
Cash conversion cycle3 days
Working capital days-129 days
Leverage
Total debtRs 77,749 Cr
Cash and bankRs 23,999 Cr
Net debtRs 53,750 Cr
Debt to equity11.15x
Net debt / EBITDA4.21x
Interest coverage0.26x
Current ratio (filing 2026-03-31)1.51x
Quick ratio (filing 2026-03-31)1.49x
Trade payables (filing 2026-03-31)Rs 4,990 Cr
Owners' fund to total sources5.13%
Debt to assets57.17%
Cash flow
Cash from Operating Activity (latest year)Rs 23,470 Cr
Cash from Investing Activity (latest year)Rs -1,943 Cr
Cash from Financing Activity (latest year)Rs -21,276 Cr
Net Cash Flow (latest year)Rs 251 Cr
Free cash flow (latest year)Rs 21,767 Cr
FCFE (approx.: FCF + change in debt)Rs 32,706 Cr
Cash from ops / profit, 5 years12.74x
Sales to cash flow3.62x
Statement figures
Net sales (TTM)Rs 89,050 Cr
Net sales (latest year)Rs 84,962 Cr
Sales (latest quarter)Rs 24,584 Cr
Operating profit excl. other income (latest year)Rs 12,037 Cr
Operating profit (latest quarter)Rs 3,267 Cr
Other income (TTM)Rs 2,739 Cr
EBITDA (TTM)Rs 12,763 Cr
PBDT (TTM)Rs 6,703 Cr
Profit before tax (TTM)Rs -4,510 Cr
Tax (latest year)Rs 433 Cr
Net profit (TTM)Rs -4,806 Cr
Net profit (latest year)Rs -2,392 Cr
Net profit (latest quarter)Rs -238 Cr
Depreciation (TTM)Rs 11,212 Cr
Depreciation (latest quarter)Rs 2,970 Cr
Interest (TTM)Rs 6,060 Cr
Cost of goods sold (latest year)Rs 52,504 Cr
Total expenditure (latest year)Rs 72,925 Cr
Total income (latest year)Rs 87,717 Cr
Share capitalRs 387 Cr
ReservesRs 6,584 Cr
Shareholders' fundsRs 6,971 Cr
Total assetsRs 136,002 Cr
Net blockRs 63,157 Cr
Capital work in progressRs 59 Cr
InvestmentsRs 27,675 Cr
ReceivablesRs 600 Cr
InventoryRs 985 Cr
Other liabilitiesRs 51,282 Cr
Shares outstanding (crore)38.66
Ownership
Promoter holding41.57% (-1.97 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 27.34 is at the 78th percentile (median 11.93).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodINDIGONifty 50Difference
1 week+0.8%-2.8% +3.6 pts
1 month-2.4%-6.8% +4.4 pts
3 months-9.2%-7.6% -1.5 pts
6 months+25.0%+0.4% +24.6 pts
1 year-13.1%-9.9% -3.2 pts
2 years-0.0%-13.6% +13.5 pts
3 years+107.0%+14.2% +92.9 pts
5 years+149.5%+27.9% +121.6 pts
465 mutual fund schemes hold about ₹46,279 Cr. Over three months 237 bought more and 98 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Flexi Cap Fund2.98%3,383 +1%
SBI Aggressive Hybrid Fund2.36%2,094 +4%
ICICI Pru Multi Asset Allocation Fund1.88%1,647 +9%
Kotak Flexi Cap Fund2.51%1,413 +6%
Kotak Flexi Cap Fund2.51%1,406 +6%
ICICI Pru Aggressive Hybrid Fund(A2.47%1,296 +26%
HDFC Balanced Advantage Fund1.18%1,268 +6%
ICICI Pru Large & Mid Cap Fund3.75%1,258 +54%
ICICI Pru Balanced Advantage Fund(M1.48%1,119 +3%
HDFC Focused Fund3.91%1,104 +4%
ICICI Pru Large Cap Fund1.36%1,088 -3%
Invesco India Large & Mid Cap Fund7.58%890 +17%
Axis Large Cap Fund2.58%810 +6%
HDFC Large Cap Fund1.97%785 +5%
Motilal Oswal Midcap Fund1.73%740 +13%
ICICI Pru Infrastructure Fund8.27%708 +11%
ICICI Pru India Opp Fund1.76%677 +29%
SBI Large Cap Fundd1.04%576 +7%
Mirae Asset Large & Midcap Fund1.19%543 +15%
Invesco India Smallcap Fund3.31%521 -9%
ICICI Pru Flexi Cap Fund1.90%492 -7%
Invesco India Midcap Fund3.03%482 -20%
Axis ELSS-Tax Saver Fund1.36%444 -19%
ICICI Pru Multi Cap Fund2.21%432 +2%
ICICI Pru Multi Cap Fund2.21%415 +2%

Red flags

F-score 4 of 8
lookRegulator order or action Regulator order or action 2026-08-18: InterGlobe Aviation Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-09-22Summi SharmaEmployees/Designated Employesell400Rs 0.09 CrMarket Sale
2021-09-21Satish Chander GuptaEmployees/Designated Employesell8,000Rs 1.74 CrMarket Sale
2021-09-21VINEET MITTALEmployees/Designated Employesell7,896Rs 1.73 CrMarket Sale
2021-09-21Summi SharmaEmployees/Designated Employesell400Rs 0.09 CrMarket Sale
2021-09-21Ankur GoelEmployees/Designated Employesell2,052Rs 0.44 CrMarket Sale
2021-09-20Summi SharmaEmployees/Designated Employesell200Rs 0.04 CrMarket Sale
2021-09-17Sanjay GuptaEmployees/Designated Employesell1,080Rs 0.22 CrMarket Sale
2021-09-17Summi SharmaEmployees/Designated Employesell2,000Rs 0.44 CrMarket Sale
2021-09-17Suman ChopraEmployees/Designated Employesell4,000Rs 0.85 CrMarket Sale
2021-09-16Priya Mehra DewanEmployees/Designated Employesell30,000Rs 5.92 CrMarket Sale
2021-09-16Satish Chander GuptaEmployees/Designated Employeother20,000Rs 1.53 CrESOP
2021-09-16Priya Mehra DewanEmployees/Designated Employeother30,000Rs 3.15 CrESOP
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹24,584 Cr +19.9% vs Jun 2025. Net loss ₹238 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-08-13Dividend - Rs 10 Per Share
2023-08-17Annual General Meeting
2022-08-18Annual General Meeting
2021-08-23 Annual General Meeting
2020-08-27 Annual General Meeting
2019-08-19 Annual General Meeting/Dividend - Rs 5 Per Share
2018-08-02 Annual General Meeting/Dividend- Rs 6 Per Share
2017-08-18 Annual General Meeting/Dividend - Rs 34/- Per Share
2016-09-12 Dividend - Rs 15/- Per Share
DateTypeWhat it says
2026-09-25Credit RatingCredit Rating
2026-08-20Shareholder meetingVoting results.
2026-08-20Shareholder meetingProceedings of Annual General Meeting held on August 20, 2026
2026-08-18Regulatory actionAction(s) taken or orders passed
2026-08-03Press ReleaseA press release dated August 03, 2026.
2026-07-31Press ReleaseA Press Release.
2026-07-29Concall / analyst meetTranscript
2026-07-28Shareholder meetingNotice of Annual General Meeting to be held on August 20, 2026
2026-07-28General UpdatesInterGlobe Aviation Limited has informed about the physical letters being sent to the shareholders who have not registered their email address
2026-07-28General UpdatesInterGlobe Aviation Limited submitted to the Exchange Business Responsibility and Sustainability Report for FY26
2026-07-28Shareholder meetingNotice of Annual General Meeting to be held on August 20, 2026
2026-07-27Regulatory actionAction(s) taken or orders passed
2026-07-27Change in ManagementChange in Management
2026-07-24General UpdatesGeneral Updates
2026-07-23Concall / analyst meetLink of Recording
2026-07-23Press ReleaseA press release dated July 23, 2026, titled "Press Release on financial results for the quarter ended June 30, 2026".
2026-07-23Investor PresentationInvestor Presentation
2026-07-23Board meeting outcomeInterGlobe Aviation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-22ESOP grantOptions to purchase securities
2026-07-20Press ReleaseA press release dated July 20, 2026, titled "IndiGo and CFM sign MoU paving the way to a record agreement for 1,000+ LEAP-1A engines.".
2026-07-16Concall / analyst meetSchedule of meet
2026-07-10Regulatory actionAction(s) taken or orders passed
2026-07-07General UpdatesAllotment of ESOPs
2026-06-30ResignationResignation of Director/KMP/SMP
2026-06-30ResignationResignation of Director/KMP/SMP
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.74
Max pain (expiry 2026-10-27)5,000
Largest call open interest at5,000
Largest put open interest at4,900
Implied volatility, at the money28.4%
Underlying at snapshot4,929.90
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-29444
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-02NCLTInterglobe Technology Quotient Pvt.Ltd. Vs M/s. R.S Travels Tours India Pvt. Ltd.
2021-06-04NCLATInterglobe Aviation Ltd. (Indigo Airlines). VS Competition Commission of India & Ors.
2021-02-10NCLTInterglobe Technology Quotient Pvt Ltd Vs Business Travels Pvt Ltd
2020-11-02CESTATINTERGLOBE AVIATION LTD ---VS.--- NEW DELHI
2020-11-02CESTATINTERGLOBE AVIATION LTD ---VS.--- NEW DELHI
2020-11-02CESTATINTERGLOBE AVIATION LTD ---VS.--- NEW DELHI
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Interglobe Aviation Ltd?

Interglobe Aviation Ltd (INDIGO) has a market capitalisation of Rs 1,88,384 Cr. at the 2026-10-01 close.

What were Interglobe Aviation Ltd's latest quarterly results?

In the Jun 2026 quarter, Interglobe Aviation Ltd sales was Rs 24,584 Cr (+19.9% vs Jun 2025) with a net loss of Rs 238 Cr.

What is the 52-week high and low of Interglobe Aviation Ltd?

The 52-week high is Rs 5,970.00 and the 52-week low is Rs 3,895.20.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03