INDIGOServices

InterGlobe Aviation Limited

Airline · ISIN INE646L01027 · BSE 539448 · NSE EQ · FV ₹10
Last price
₹4,845
+2.36%today
What this company does

InterGlobe Aviation Limited operates in Airline, part of the Services sector. It booked ₹24,584 cr of revenue in its latest quarter (Q1 FY27) and kept -1.0% of sales as profit. It is the 2nd largest of 9 Services companies we track, by market value.

Incorporated in 2006, IndiGo is the largest airline in India with IndiGo has also launced a new product offering where customers over 2,200 daily flights covering 91 domestic destinations and 40 can book Hotels on its website and mobile app. This will enable international destinations.
In the report:
43out of 100
Equitytale Health Score
Strained

Healthier than 43% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 75–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
37

At close. Not part of the score.

Profitability & returns14

How much profit it earns on the money it employs

Balance sheet34

How much it owes, and whether earnings cover the interest

Cash quality87

Whether reported profit actually arrives as cash

Growth & consistency66

Whether sales and profit have grown, and how steadily

Valuation1

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 20% vs last year
Promoters hold 42%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -1.0% net margin
! Low -13.6% return on equity

What if I invest in INDIGO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹4,845 +2.36%
latest close · 2026-09-17
1-year return
+177.2%
52-wk low ₹1,51252-wk high ₹5,508
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio26.88High
Below bookModerateHigh
EV / EBITDA10.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-13.6%Loss
WeakFairStrong ▸15%
Return on capital5.4%Weak
WeakFairStrong
Net margin-1.0%Loss
ThinDecentStrong
EBITDA margin17.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.26Comfortable
LowModerateHigh ▸1
Interest cover0.8×Risky
RiskyOkayStrong ▸5×
Current ratio1.51Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1.87 L cr
Book value
₹180
EPS
₹-6.15
latest quarter
Net debt
₹482 cr
owes more than its cash
Enterprise value
₹1.88 L cr
EBITDA
₹17,188 cr
annualised
EBIT
₹5,308 cr
annualised
Operating margin
5.4%
Return on assets
-0.7%
Earnings yield
P/S
1.91
Sales / share
₹2,543.0
Tax rate
Face value
₹10
Shares
38.7 cr
Working capital
₹19,658 cr
Current assets
₹57,929 cr
Current liabilities
₹38,271 cr
Delivery %
54.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹14,722₹14,722, midpoint ₹14,722

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹24,584 cr
Other Income₹1,030 cr
Total Income₹25,614 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹145 cr
Inventory Change (±)₹2 cr
Employee Benefit Expense₹2,279 cr
Finance Costs₹1,565 cr
Depreciation & Amortisation₹2,970 cr
Other Expenses₹18,891 cr
Total Expenses₹25,853 cr
Profit before Tax₹-238 cr
Tax Expense₹-40 L
Net Profit₹-238 cr
Net margin on total income-0.9%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹147 cr0.6%
Employee benefit expense₹2,279 cr8.8%
Finance costs₹1,565 cr6.1%
Depreciation & amortisation₹2,970 cr11.5%
Other expenses₹18,891 cr73.1%
Total income ₹25,614 cr

The company made a net loss of ₹238 cr this quarter — income covered only 99 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue23,472 cr22,438 cr24,584 cr
Total income24,541 cr23,831 cr25,614 cr
Expenses22,432 cr25,933 cr25,853 cr
Profit before tax562 cr-2,352 cr-238 cr
Tax13 cr185 cr-40 L
Net profit (owners' share)550 cr-2,536 cr-238 cr
Net margin (owners' share, on revenue)2.3%-11.3%-1.0%
EPS (₹)14.22-65.62-6.15
YoY (latest quarter): total income +18.9% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1.36 L cr
Shareholder equity
₹6,971 cr
parent shareholders
Total debt
₹1,806 cr
Cash
₹1,324 cr
Cash flow · H1 FY26
Operating
₹10,790 cr
Investing
₹-3,589 cr
Financing
₹-6,762 cr
Peer comparison
Services · by market value (sector-level match)
CompanyPriceMarket capP/E
Adani Ports and Special Economic Zone Limited₹1,738₹4.00 L cr27.7
InterGlobe Aviation Limitedthis company₹4,845₹1.87 L cr
GMR AIRPORTS LIMITED₹95₹1.56 L cr264.0
JSW Infrastructure Limited₹327₹75,897 cr49.5
Container Corporation of India Limited₹488₹37,178 cr34.6
Delhivery Limited₹426₹31,897 cr247.6
Redington Limited₹400₹31,278 cr16.1
The Great Eastern Shipping Company Limited₹1,425₹20,346 cr3.9
Firstsource Solutions Limited₹273₹19,035 cr28.4
Same sector · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹10
ex 13 Aug 2025
ActionDetailEx-date
Dividend₹10 / share13 Aug 2025
Dividend₹5 / share19 Aug 2019
Dividend₹6 / share2 Aug 2018
Dividend₹34 / share18 Aug 2017
Dividend₹15 / share12 Sep 2016
Who owns it · 2026-06-30
No pledge
Promoter
41.6%
FII / Foreign
20.3%
DII / Domestic
31.9%
Retail / others
6.2%
Promoter stake down 21.7% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSummi Sharma · Employees/Designated Employees400 · ₹9.0 L22 Sep 21
SoldSummi Sharma · Employees/Designated Employees400 · ₹8.7 L21 Sep 21
SoldSatish Chander Gupta · Employees/Designated Employees8,000 · ₹1.7 cr21 Sep 21
Bulk / block deals
short · NSE9510 Sep 26
short · NSE13 Sep 26
short · NSE331 Aug 26
Stake changes
SoldGovernment of Singapoore→ 2.40% · 4.13 L9 Mar 26
SoldMonetary Authority Of SIngapore→ 0.58% · 73,1329 Mar 26
BoughtICICI Prudential Mutual Fund→ 5.06% · 5.00 L30 Dec 25
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 20 Aug 2026
See the official result
1
Adoption of Financial Statements a. The audited standalone financial statements of the Company for the financial year ended March 31, 2026 together with the reports of the Directors and Auditors thereon; and b. The audited consolidated financial statements of the Company for the financial year ended March 31, 2026 together with the report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
19.00 cr votes for, 2.84 L against · 0% of mutual funds and other big investors said no
2
Appointment of Mr. Gregg Albert Saretsky as a Director, liable to retire by rotation
Backed by 91% of shareholders other than promotersneeded 50%
17.42 cr votes for, 1.62 cr against · 9% of mutual funds and other big investors said no
3
Approval for increase in borrowing limits and creation of charge against borrowings
Backed by 100% of shareholders other than promotersneeded 75%
19.07 cr votes for, 1.08 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 9 named members
owning 41.6% between them · as of 2026-06-30
INTERGLOBE ENTERPRISES PRIVATE LIMITED35.69%
RAKESH GANGWAL4.53%
The Chinkerpoo Family Trust (Trustee: Shobha Gangwal & J.P. Morgan Trust Company of Delaware)1.32%
KAPIL BHATIA0.01%
RAHUL BHATIA0.01%
ALOK MEHTAno shares
ASHA MUKHERJEEno shares
ROHINI BHATIAno shares
Business done with them
FY2025 · 1 of the group
The company paid ₹5 cr to companies in the promoter group last year — about 0.0% of its ₹80,803 cr revenue.
InterGlobe Enterprises Private Limited
Other payments to them · Interest on lease liabilities, Depreciation and amortisation expenses Right of use assets, Security deposit refund received
also owns 35.69% of the company
₹5 cr
company paid

The company also transacted with 19 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.