INDIGOServices

InterGlobe Aviation Limited

Airline · ISIN INE646L01027 · BSE 539448 · NSE EQ · FV ₹10
Last price
₹5,141
+2.30%today
What this company does

InterGlobe Aviation Limited operates in Airline, part of the Services sector. It booked ₹23,364 cr of revenue in its latest quarter (Q2 FY27) and kept -8.0% of sales as profit. It is the 3rd 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:
39out of 100
Equitytale Health Score
Strained

Healthier than 39% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 75–117 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)
62

At close. Not part of the score.

Profitability & returns5

How much profit it earns on the money it employs

Balance sheet24

How much it owes, and whether earnings cover the interest

Cash quality87

Whether reported profit actually arrives as cash

Growth & consistency67

Whether sales and profit have grown, and how steadily

Valuation0

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 26% vs last year
✓ Promoters hold 42%
✓ No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -8.0% net margin
! Low -150.4% 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 We do not publish price targets or predict returns.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
₹5,141▲ +2.30%
latest close · 2026-11-04
1-year return
+152.0%
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 ratio39.80High
Below bookModerateHigh
EV / EBITDA17.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-150.4%Loss
WeakFairStrong ▸15%
Return on capital-0.8%Loss
WeakFairStrong
Net margin-8.0%Loss
ThinDecentStrong
EBITDA margin12.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.45Comfortable
LowModerateHigh ▸1
Interest cover-0.1×Risky
RiskyOkayStrong ▸5×
Current ratio1.40Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1.99 L cr
Book value
₹129
EPS
₹-48.58
latest quarter
Net debt
₹-75 cr
more cash than debt
Enterprise value
₹1.99 L cr
EBITDA
₹11,422 cr
annualised
EBIT
₹-875 cr
annualised
Operating margin
-0.9%
Return on assets
-5.1%
Earnings yield
—
P/S
2.13
Sales / share
₹2,416.7
Tax rate
—
Face value
₹10
Shares
38.7 cr
Working capital
₹17,011 cr
Current assets
₹59,319 cr
Current liabilities
₹42,308 cr
Delivery %
43.0%
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 2026-11-04.

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 ₹14,737–₹14,737, midpoint ₹14,737

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 · Q2 FY27 (consolidated)
Revenue from Operations₹23,364 cr
Other Income₹948 cr
Total Income₹24,312 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹147 cr
Inventory Change (±)₹20 L
Employee Benefit Expense₹2,274 cr
Finance Costs₹1,658 cr
Depreciation & Amortisation₹3,074 cr
Other Expenses₹19,036 cr
Total Expenses₹26,188 cr
Profit before Tax₹-1,877 cr
Tax Expense₹3 cr
Net Profit₹-1,879 cr
Net margin on total income-7.7%
Where the money goes · Q2 FY27
% of total spend
Materials + stock-in-trade₹147 cr0.6%
Employee benefit expense₹2,274 cr8.7%
Finance costs₹1,658 cr6.3%
Depreciation & amortisation₹3,074 cr11.7%
Other expenses₹19,036 cr72.7%
Tax expense₹3 cr0.0%
Total income ₹24,312 cr

The company made a net loss of ₹1,879 cr this quarter — income covered only ₹93 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue22,438 cr24,584 cr23,364 cr
Total income23,831 cr25,614 cr24,312 cr
Expenses25,933 cr25,853 cr26,188 cr
Profit before tax-2,352 cr-238 cr-1,877 cr
Tax185 cr-40 L3 cr
Net profit (owners' share)-2,536 cr-238 cr-1,879 cr
Net margin (owners' share, on revenue)-11.3%-1.0%-8.0%
EPS (₹)-65.62-6.15-48.58
YoY (latest quarter): total income +24.0% · net profit —
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹1.48 L cr
Shareholder equity
₹4,995 cr
parent shareholders
Total debt
₹2,281 cr
Cash
₹2,356 cr
Cash flow · H1 FY27
Operating
₹9,618 cr
Investing
₹-945 cr
Financing
₹-7,643 cr
Peer comparison
Services · by market value (sector-level match)
CompanyPriceMarket capP/E
GMR AIRPORTS LIMITED₹91₹5.96 L cr—
Adani Ports and Special Economic Zone Limited₹1,867₹4.30 L cr29.7
InterGlobe Aviation Limitedthis company₹5,025₹1.94 L cr—
JSW Infrastructure Limited₹326₹75,902 cr60.4
Container Corporation of India Limited₹419₹31,923 cr22.6
Delhivery Limited₹412₹30,871 cr190.7
Redington Limited₹335₹26,208 cr13.5
The Great Eastern Shipping Company Limited₹1,537₹21,937 cr4.2
Firstsource Solutions Limited₹289₹20,143 cr21.4
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 · 2026-09-30
No pledge
Promoter
41.6%
FII / Foreign
19.9%
DII / Domestic
33.3%
Retail / others
5.2%
Promoter stake down 21.6% 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— · NSE4030 Oct 26
short— · NSE129 Oct 26
short— · NSE5728 Oct 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 2026-09-30
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
FY2026 · 1 of the group
The company paid ₹142 cr to companies in the promoter group last year — about 0.2% of its ₹84,962 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
₹142 cr
company paid

The company also transacted with 24 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.