NSEI:INDIGO

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

High growth potential with excellent 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


Market Performance


7 Day Return

-4.4%

INDIGO

-0.6%

IN Airlines

3.3%

IN Market


1 Year Return

108.3%

INDIGO

8.7%

IN Airlines

7.1%

IN Market

Return vs Industry: INDIGO exceeded the Indian Airlines industry which returned 8.7% over the past year.

Return vs Market: INDIGO exceeded the Indian Market which returned 7.1% over the past year.


Shareholder returns

INDIGOIndustryMarket
7 Day-4.4%-0.6%3.3%
30 Day-3.7%-0.5%2.9%
90 Day5.0%-6.5%3.1%
1 Year108.9%108.3%11.0%8.7%9.4%7.1%
3 Year87.5%80.9%-0.9%-5.9%22.7%16.4%
5 Yearn/a27.6%15.9%44.0%30.4%

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?

48.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: INDIGO (₹1674.35) is trading above our estimate of fair value (₹1100.57)

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


Price To Earnings Ratio

PE vs Industry: INDIGO is poor value based on its PE Ratio (48.3x) compared to the Airlines industry average (16.5x).

PE vs Market: INDIGO is poor value based on its PE Ratio (48.3x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: INDIGO is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: INDIGO is overvalued based on its PB Ratio (9.3x) compared to the XA Airlines industry average (1.2x).


Next Steps

Future Growth

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

43.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDIGO's forecast earnings growth (43.1% per year) is above the savings rate (7.6%).

Earnings vs Market: INDIGO's earnings (43.1% per year) are forecast to grow faster than the Indian market (18.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: INDIGO's revenue (18.9% per year) is forecast to grow faster than the Indian market (11.3% per year).

High Growth Revenue: INDIGO's revenue (18.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INDIGO's Return on Equity is forecast to be high in 3 years time (32.9%)


Next Steps

Past Performance

How has InterGlobe Aviation performed over the past 5 years?

-12.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: INDIGO's earnings have declined by -12% per year over the past 5 years.

Accelerating Growth: INDIGO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: INDIGO had negative earnings growth (-8.7%) over the past year, making it difficult to compare to the Airlines industry average (-19.9%).


Return on Equity

High ROE: INDIGO's Return on Equity (19.2%) is considered low.


Return on Assets

ROA vs Industry: INDIGO has a higher Return on Assets than the Airlines industry average last year.


Return on Capital Employed

ROCE Improving: INDIGO's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is InterGlobe Aviation's financial position?


Financial Position Analysis

Short Term Liabilities: INDIGO's short term assets (₹181.2B) exceeds its short term liabilities (₹80.1B)

Long Term Liabilities: INDIGO's short term assets (181.2B) exceeds its long term liabilities (100.7B)


Debt to Equity History and Analysis

Debt Level: INDIGO's debt to equity ratio (5.1%) is considered satisfactory

Reducing Debt: INDIGO's debt to equity ratio has reduced from 106.8% to 5.1% over the past 5 years.

Debt Coverage: INDIGO's debt is well covered by operating cash flow (900.2%).

Interest Coverage: INDIGO's interest payments on its debt are not well covered by EBIT (1.1x coverage).


Balance Sheet

Inventory Level: INDIGO has a high level of physical assets or inventory.

Debt Coverage by Assets: INDIGO's debt is covered by short term assets (assets are 51.359590x debt).


Next Steps

Dividend

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

0.30%

Current Dividend Yield


Dividend Yield vs Market

company0.3%marketbottom25%0.6%markettop25%2.4%industryaverage2.0%forecastin3Years1.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: INDIGO's dividend (0.3%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: INDIGO's dividend (0.3%) is low compared to the top 25% of dividend payers in the Indian market (2.42%).

Stable Dividend: INDIGO is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: INDIGO is not paying a notable dividend for the Indian market, therefore no need to check if payments are 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

What is the CEO of InterGlobe Aviation's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average management tenure


CEO

Ronojoy Dutta (67yo)

0.8yrs

Tenure

0

Mr. Ronojoy Dutta serves as Chief Executive Officer of InterGlobe Aviation Limited since January 24, 2019. He was a cofounder and Managing Director of ACO Investment, renowned investment advisory firm in f ...


Management Age and Tenure

0.8yrs

Average Tenure

61yo

Average Age

Experienced Management: INDIGO's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

63yo

Average Age

Experienced Board: INDIGO's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

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


Recent Insider Transactions

Sell₹42,315,86526 Sep 19
Summi Sharma
EntityIndividual
Shares24,500
Max Price₹1,736.26
Sell₹1,670,15223 Sep 19
Sunita Shrivastava
EntityIndividual
Shares1,000
Max Price₹1,670.15
Sell₹2,626,81623 Sep 19
Vineet Mittal
EntityIndividual
Shares1,500
Max Price₹1,751.21
Sell₹8,779,87223 Sep 19
Suman Chopra
EntityIndividual
Shares5,000
Max Price₹1,755.97
Sell₹5,133,22617 Sep 19
Suman Chopra
EntityIndividual
Shares3,000
Max Price₹1,711.08
Sell₹26,293,62703 Sep 19
Krishan Bhargava
EntityIndividual
Shares16,000
Max Price₹1,643.35
Sell₹1,306,80026 Aug 19
Sanjeev Ramdas
EntityIndividual
Shares800
Max Price₹1,633.50
Sell₹2,853,95521 Aug 19
Sanjeev Ramdas
EntityIndividual
Shares1,830
Max Price₹1,559.54
Sell₹1,598,40001 Aug 19
Shalini Singh
EntityIndividual
Shares1,000
Max Price₹1,598.40
Sell₹12,654,57901 Aug 19
Vikram Chona
EntityIndividual
Shares8,000
Max Price₹1,581.82
Sell₹12,157,05026 Jul 19
Vikram Chona
EntityIndividual
Shares8,000
Max Price₹1,519.63
Sell₹33,870,84526 Jun 19
Satish Gupta
EntityIndividual
Shares22,000
Max Price₹1,539.58
Sell₹3,372,27818 Jun 19
Suman Chopra
EntityIndividual
Shares2,000
Max Price₹1,686.14
Sell₹5,697,46717 Jun 19
Sanjeev Ramdas
EntityIndividual
Shares3,380
Max Price₹1,685.64
Sell₹3,354,50017 Jun 19
Sunita Shrivastava
EntityIndividual
Shares2,000
Max Price₹1,677.25
Sell₹28,235,50911 Jun 19
Sanjeev Ramdas
EntityIndividual
Shares16,700
Max Price₹1,690.75
Sell₹5,072,02207 Jun 19
Shalini Singh
EntityIndividual
Shares3,000
Max Price₹1,690.67
Sell₹7,250,00027 Mar 19
Satish Gupta
EntityIndividual
Shares5,000
Max Price₹1,450.00
Sell₹17,758,19511 Mar 19
Krishan Bhargava
EntityIndividual
Shares14,026
Max Price₹1,266.09
Sell₹11,500,00026 Dec 18
Satish Gupta
EntityIndividual
Shares10,000
Max Price₹1,150.00

Ownership Breakdown


Management Team

  • Wolfgang Prock-Schauer (63yo)

    President & COO

    • Tenure: 0.4yrs
  • Riyaz Peer Mohamed (59yo)

    Chief Aircraft Acquisition & Financing Officer

    • Tenure: 4.8yrs
    • Compensation: ₹57.87m
  • Shilpa Bhatia

    Chief Sales & Revenue Officer

    • Tenure: 0.8yrs
  • Chhavi Leekha

    Director of Corporate Communications & Brand Reputation

    • Tenure: 0.8yrs
  • Sanjay Gupta (54yo)

    Company Secretary & Chief Compliance Officer

    • Tenure: 0yrs
    • Compensation: ₹10.64m
  • Priya Mehra

    General Counsel

    • Tenure: 2.7yrs
  • Raj Raghavan

    Senior Vice President of the Human Resource

    • Tenure: 1.5yrs
  • Ankur Goel

    Associate Vice President of Treasury & Investor Relations

    • Tenure: 0yrs
  • Ronojoy Dutta (67yo)

    Chief Executive Officer

    • Tenure: 0.8yrs
  • Aditya Pande

    Chief Financial Officer

    • Tenure: 0.08yrs

Board Members

  • Rakesh Gangwal (66yo)

    Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: ₹800.00k
  • Pallavi Shroff (63yo)

    Non-Executive Independent Woman Director

    • Tenure: 0.08yrs
  • Anil Parashar (60yo)

    Non Independent & Non Executive Director

    • Tenure: 1yrs
    • Compensation: ₹1.20m
  • Rahul Bhatia (59yo)

    Non-Independent Non-Executive Director

    • Tenure: 15.8yrs
    • Compensation: ₹1.20m
  • Anupam Khanna (66yo)

    Non-Executive Independent Director

    • Tenure: 4.6yrs
    • Compensation: ₹2.50m
  • Meleveetil Damodaran (72yo)

    Independent Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: ₹100.00k
  • Rohini Bhatia (54yo)

    Non-Executive Director

    • Tenure: 4.6yrs
    • Compensation: ₹1.60m

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: ₹665.418b
  • Shares outstanding: 384.66m
  • 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 Analysis2019/10/22 12:59
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.