NSEI:INDIGO

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Executive Summary

InterGlobe Aviation Limited provides air transportation services in India and internationally. More Details


Snowflake Analysis

Exceptional growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has InterGlobe Aviation's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: INDIGO is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: INDIGO's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

0.2%

INDIGO

0.6%

IN Airlines

1.2%

IN Market


1 Year Return

13.3%

INDIGO

-16.2%

IN Airlines

10.4%

IN Market

Return vs Industry: INDIGO exceeded the Indian Airlines industry which returned -16.2% over the past year.

Return vs Market: INDIGO exceeded the Indian Market which returned 10.4% over the past year.


Shareholder returns

INDIGOIndustryMarket
7 Day0.2%0.6%1.2%
30 Day21.5%18.9%12.1%
90 Day24.2%11.3%12.6%
1 Year13.3%13.3%-11.0%-16.2%12.4%10.4%
3 Year41.5%40.1%-25.3%-31.7%10.0%4.6%
5 Year65.9%57.3%-21.3%-31.0%59.8%47.8%

Long-Term Price Volatility Vs. Market

How volatile is InterGlobe Aviation's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is InterGlobe Aviation undervalued compared to its fair value and its price relative to the market?

33.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: INDIGO (₹1593.1) is trading above our estimate of fair value (₹754)

Significantly Below Fair Value: INDIGO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: INDIGO is unprofitable, so we can't compare its PE Ratio to the XX Airlines industry average.

PE vs Market: INDIGO is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate INDIGO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: INDIGO is overvalued based on its PB Ratio (33.2x) compared to the XA Airlines industry average (1.4x).


Next Steps

Future Growth

How is InterGlobe Aviation forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

105.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDIGO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (7.2%).

Earnings vs Market: INDIGO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: INDIGO's is expected to become profitable in the next 3 years.

Revenue vs Market: INDIGO's revenue (40.8% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: INDIGO's revenue (40.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INDIGO's Return on Equity is forecast to be very high in 3 years time (80.2%).


Next Steps

Past Performance

How has InterGlobe Aviation performed over the past 5 years?

-49.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INDIGO is currently unprofitable.

Growing Profit Margin: INDIGO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: INDIGO is unprofitable, and losses have increased over the past 5 years at a rate of 49.5% per year.

Accelerating Growth: Unable to compare INDIGO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: INDIGO is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (-26.2%).


Return on Equity

High ROE: INDIGO has a negative Return on Equity (-239.06%), as it is currently unprofitable.


Next Steps

Financial Health

How is InterGlobe Aviation's financial position?


Financial Position Analysis

Short Term Liabilities: INDIGO's short term assets (₹204.7B) exceed its short term liabilities (₹166.7B).

Long Term Liabilities: INDIGO's short term assets (₹204.7B) do not cover its long term liabilities (₹217.6B).


Debt to Equity History and Analysis

Debt Level: INDIGO's debt to equity ratio (45.3%) is considered high.

Reducing Debt: INDIGO's debt to equity ratio has increased from 31% to 45.3% over the past 5 years.

Debt Coverage: INDIGO's debt is well covered by operating cash flow (93.8%).

Interest Coverage: Insufficient data to determine if INDIGO's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is InterGlobe Aviation current dividend yield, its reliability and sustainability?

0.24%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate INDIGO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate INDIGO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if INDIGO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INDIGO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: INDIGO is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of INDIGO's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Ronojoy Dutta (69 yo)

1.92yrs

Tenure

₹114,230,000

Compensation

Mr. Ronojoy Dutta serves as Chief Executive Officer of InterGlobe Aviation Limited since January 24, 2019 and has been its Whole Time Director since January 27, 2020. He was a cofounder and Managing Direct...


CEO Compensation Analysis

Compensation vs Market: Ronojoy's total compensation ($USD1.55M) is above average for companies of similar size in the Indian market ($USD1.00M).

Compensation vs Earnings: Insufficient data to compare Ronojoy's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Ronojoy Dutta
CEO & Whole Time Director1.92yrs₹114.23mno data
Aditya Pande
Chief Financial Officer1.25yrs₹58.02mno data
Sanjay Gupta
Company Secretary & Chief Compliance Officerno data₹10.18mno data
Wolfgang Prock-Schauer
President & COO1.58yrsno datano data
Ankur Goel
Associate Vice President of Treasury & Investor Relationsno datano datano data
Priya Mehra
General Counsel3.83yrsno datano data
Chhavi Leekha
Director of Corporate Communications & Brand Reputation1.92yrsno datano data
Rajagopalan Raghavan
Senior Vice President of the Human Resource2.67yrsno datano data
Riyaz Peer Mohamed
Chief Aircraft Acquisition & Financing Officer6yrs₹57.87mno data
Sanjeev Ramdas
Executive Vice President of Customer Service8.75yrs₹13.91m0.0062%
₹ 37.7m
Suman Chopra
Senior Vice President of Inflight Services2.83yrsno data0.0095%
₹ 57.4m
Satish Gupta
Senior Vice President of Engineering2.83yrsno data0.0032%
₹ 19.2m

2.8yrs

Average Tenure

60yo

Average Age

Experienced Management: INDIGO's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ronojoy Dutta
CEO & Whole Time Director1.92yrs₹114.23mno data
Rakesh Gangwal
Non-Independent Non-Executive Director5.5yrs₹1.90m23.38%
₹ 141.3b
Pallavi Shroff
Non-Executive Independent Woman Director1.25yrs₹300.00kno data
Anil Parashar
Non Independent & Non Executive Director2.17yrs₹3.50mno data
Rahul Bhatia
Non-Independent Non-Executive Director16.92yrs₹1.10m0.010%
₹ 62.8m
Anupam Khanna
Non-Executive Independent Director5.75yrs₹3.50mno data
Meleveetil Damodaran
Independent Non-Executive Chairman of the Board1.92yrs₹2.30mno data
Rohini Bhatia
Non-Independent Non-Executive Director5.75yrs₹7.90m0.0026%
₹ 15.7m
Venkataramani Sumantran
Additional Independent Non-Executive Director0.58yrno datano data
Gregg Saretsky
Additional Non-Independent & Non-Executive Director0.17yrno datano data

2.0yrs

Average Tenure

64yo

Average Age

Experienced Board: INDIGO's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: INDIGO insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

InterGlobe Aviation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: InterGlobe Aviation Limited
  • Ticker: INDIGO
  • Exchange: NSEI
  • Founded: 2004
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: ₹604.265b
  • Shares outstanding: 384.80m
  • Website: https://www.goindigo.in

Number of Employees


Location

  • InterGlobe Aviation Limited
  • Tower C
  • Levels 1-5
  • Gurugram
  • Haryana
  • 122002
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
539448BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2015
INDIGONSEI (National Stock Exchange of India)YesEquity SharesININRNov 2015

Biography

InterGlobe Aviation Limited provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline. It also offers ancillary products and services, such ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 12:07
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.