NSEI:INDIGO

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Exceptional 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

1.4%

NSEI:INDIGO

1.7%

IN Airlines

-2.9%

IN Market


1 Year Return

53.8%

NSEI:INDIGO

4.6%

IN Airlines

-15.9%

IN Market

INDIGO outperformed the Airlines industry which returned 2.5% over the past year.

INDIGO outperformed the Market in India which returned -14.5% over the past year.


Share holder returns

INDIGOIndustryMarket
7 Day1.4%1.7%-2.9%
30 Day6.4%-8.2%-5.7%
90 Day-0.04%-4.0%-11.0%
1 Year54.3%53.8%6.6%4.6%-14.1%-15.9%
3 Year94.0%83.9%19.6%12.8%15.7%9.5%
5 Yearn/a45.3%31.9%33.2%20.5%

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 based on future cash flows and its price relative to the stock market?

46.73x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

InterGlobe Aviation's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

InterGlobe Aviation's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

InterGlobe Aviation is overvalued based on earnings compared to the Global Airlines industry average.

InterGlobe Aviation is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

InterGlobe Aviation is poor value based on expected growth next year.


Price Based on Value of Assets

InterGlobe Aviation is overvalued based on assets compared to the Asia Airlines industry average.


Next Steps

Future Growth

How is InterGlobe Aviation expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

42.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

InterGlobe Aviation's revenue is expected to grow significantly at over 20% yearly.

InterGlobe Aviation's earnings are expected to grow significantly at over 20% yearly.

InterGlobe Aviation's revenue growth is expected to exceed the India market average.

InterGlobe Aviation's earnings growth is expected to exceed the India market average.

InterGlobe Aviation's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

InterGlobe Aviation is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


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

InterGlobe Aviation's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

InterGlobe Aviation's 1-year earnings growth is negative, it can't be compared to the 5-year average.

InterGlobe Aviation's 1-year earnings growth is negative, it can't be compared to the Global Airlines industry average.


Return on Equity

InterGlobe Aviation has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

InterGlobe Aviation used its assets more efficiently than the Global Airlines industry average last year based on Return on Assets.


Return on Capital Employed

InterGlobe Aviation's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is InterGlobe Aviation's financial position?


Financial Position Analysis

InterGlobe Aviation is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

InterGlobe Aviation's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

InterGlobe Aviation's level of debt (5.1%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (106.8% vs 5.1% today).

Debt is well covered by operating cash flow (900.2%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 51.4x debt.


Next Steps

Dividend

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

0.98%

Expected Dividend Yield


Dividend Yield and Payments Analysis

InterGlobe Aviation's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.64%).

InterGlobe Aviation's dividend is below the markets top 25% of dividend payers in India (2.6%).

InterGlobe Aviation is not paying a notable dividend for India, therefore no need to check if the payments are stable.

InterGlobe Aviation is not paying a notable dividend for India, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of InterGlobe Aviation's dividends as it is not paying a notable one for India.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (5.2x coverage).


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Ronojoy Dutta (67yo)

0.6yrs

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 ...


CEO Compensation Analysis

Ronojoy's remuneration is lower than average for companies of similar size in India.

Insufficient data for Ronojoy to compare compensation growth.


Management Age and Tenure

1.9yrs

Average Tenure

59yo

Average Age

The average tenure for the InterGlobe Aviation management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

63yo

Average Age

The tenure for the InterGlobe Aviation board of directors is about average.


Insider Trading

InterGlobe Aviation individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell₹2,853,95521 Aug 19
Sanjeev Ramdas
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Customer Service
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₹3,354,50017 Jun 19
Sunita Shrivastava
EntityIndividual
Shares2,000
Max Price₹1,677.25
Sell₹5,697,46717 Jun 19
Sanjeev Ramdas
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Customer Service
Shares3,380
Max Price₹1,685.64
Sell₹28,235,50911 Jun 19
Sanjeev Ramdas
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Customer Service
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: 0.3yrs
  • Riyaz Peer Mohamed (59yo)

    Chief Aircraft Acquisition & Financing Officer

    • Tenure: 4.7yrs
    • Compensation: ₹57.87m
  • Sanjeev Ramdas (51yo)

    Executive Vice President of Customer Service

    • Tenure: 7.4yrs
    • Compensation: ₹13.91m
  • Rohit Philip

    Chief Financial Officer

    • Tenure: 3.1yrs
    • Compensation: ₹109.83m
  • Chhavi Leekha

    Director of Corporate Communications & Brand Reputation

    • Tenure: 0.6yrs
  • Sanjay Gupta (54yo)

    Company Secretary & Chief Compliance Officer

    • Tenure: 0.0yrs
    • Compensation: ₹10.64m
  • Priya Mehra

    General Counsel

    • Tenure: 2.5yrs
  • Raj Raghavan

    Senior Vice President of the Human Resource

    • Tenure: 1.3yrs
  • Ankur Goel

    Associate Vice President of Treasury & Investor Relations

    • Tenure: 0.0yrs
  • Ronojoy Dutta (67yo)

    Chief Executive Officer

    • Tenure: 0.6yrs

Board Members

  • Rakesh Gangwal (66yo)

    Non-Executive Director

    • Tenure: 4.2yrs
    • Compensation: ₹800.00k
  • Anil Parashar (60yo)

    Additional Non Independent & Non Executive Director

    • Tenure: 0.8yrs
    • Compensation: ₹1.20m
  • Rahul Bhatia (59yo)

    Non-Independent Non-Executive Director

    • Tenure: 15.6yrs
    • Compensation: ₹1.20m
  • Anupam Khanna (66yo)

    Non-Executive Independent Director

    • Tenure: 4.4yrs
    • Compensation: ₹2.50m
  • Meleveetil Damodaran (72yo)

    Chairman of the Board

    • Tenure: 0.6yrs
    • Compensation: ₹100.00k
  • Rohini Bhatia (54yo)

    Non-Executive Director

    • Tenure: 4.4yrs
    • 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: ₹624.990b
  • 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 Analysis2019/08/22 12:55
End of Day Share Price2019/08/22 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.