InterGlobe Aviation (INDIGO) is loss-making over the last 12 months, losing ₹4,103 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹5,476.00. Sales grew 16% a year over 3 years. Debt is 17.39× equity. It is a large-cap company with a market cap of ₹2.1 lakh crore, ranked 2nd of 75 Airlines companies by market cap; the shares fell 3.8% over the past year.
- ₹5,330.00
- ₹5,476.00
- ₹5,290.60
- ₹5,420.00
- 11.8 L
Health check
- ReturnsIn line
−3.8% over a year, better than 3 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +15.5% a year over 3 years, but loss-making now.
- ProfitabilityWeak
ROCE 4.0% vs peer median 12.0%.
- Balance sheetStretched
Debt 17.39× equity, interest covered 0.7×, Piotroski 6 of 9.
- Red flags4 to check
Loss-making over the last twelve months.
Large cap
Defensive
Key metrics
- Market cap
- ₹2.1L Cr
- Large cap
- P/E
- n/a
- Industry 18.8
- Price to book
- 42.39
- Peers 3.28
- Dividend yield
- 0.00%
- ROE
- −60.1%
- Peers 12.7%
- ROCE
- 4.0%
- Peers 12.0%
- Debt to equity
- 17.39
- Debt ₹87,303 Cr
- EPS (TTM)
- −₹106.15
- Face value ₹10
- OPM (TTM)
- 5.8%
- Net margin −4.4%
- Sales growth
- +25.9%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 2.26
- EV/EBITDA 27.6
Strengths and risks
Strengths
- Quarterly sales up 25.9% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −60.1%.
- Debt is 17.39× equity.
- Interest coverage of only 2.5×.
About InterGlobe Aviation
InterGlobe Aviation Limited, together with its subsidiaries, provides air transportation services under the IndiGo brand in India and internationally. The company offers pre-flight and post-flight ground handling operations; passenger and cargo services; and related allied services, such as in-flight sales, and other allied services at the airports. It also engages in aircraft and other aircraft-related equipment leasing. In addition, the company provides…
- Headquarters
- Gurugram
- Employees
- 41,907
- Sector
- Industrials
- ISIN
- INE646L01027
- Website
- goindigo.in
Price range
- Avg volume (3M)
- 6.6 L
- 1-year return
- minus 3.8%
- From 52-week high
- minus 8.3%
Analyst consensus
Next results expected around 21 Jan 2027
Peers · Airlines
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPORTSAdani Ports and Special Economic Zone | 1,936.60 | plus 2.76% | 4,46,185 | 32.3 | 4.36 | 11.0% | 15.6% | 44.0% | 22.9% | 34.1% | 0.39% | plus 30.5% |
| INDIGOInterGlobe Aviation | 5,476.00 | plus 1.03% | 2,11,739 | – | 42.39 | 4.0% | −60.1% | 5.8% | 15.5% | – | 0.00% | minus 3.8% |
| GMRAIRPORTGMR Airports | 98.75 | minus 0.55% | 1,05,277 | 240.9 | −43.25 | 10.4% | – | 26.6% | 31.8% | – | 0.00% | plus 4.4% |
| JSWINFRAJSW Infrastructure | 338.30 | minus 2.31% | 78,692 | 50.3 | 4.42 | 12.0% | 9.9% | 36.2% | 19.0% | 27.2% | 0.27% | plus 19.5% |
| CONCORContainer Corporation of India | 439.80 | minus 0.24% | 33,496 | 27.4 | 2.51 | 12.4% | 9.3% | 14.5% | 4.1% | 1.9% | 1.96% | minus 18.7% |
| DELHIVERYDelhivery | 428.00 | minus 0.48% | 32,080 | 176.9 | 3.28 | 2.6% | 1.9% | 0.1% | 13.2% | – | 0.00% | minus 11.3% |
| REDINGTONRedington | 327.50 | minus 8.11% | 25,603 | 13.8 | 2.38 | 18.8% | 15.5% | 1.9% | 14.5% | 2.3% | 1.83% | plus 42.4% |
| FSLFirstsource Solutions | 293.65 | plus 1.56% | 20,317 | 28.6 | 4.16 | 17.7% | 15.7% | 15.6% | 17.1% | 9.5% | 1.87% | minus 18.0% |
| Median of 7 peers | – | −0.48% | 33,496 | 32.3 | 3.28 | 12.0% | 12.7% | 15.6% | 17.1% | 9.5% | 0.39% | 4.4% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 20,496 | 23,472 | 22,438 | 24,584 | 23,364 | |
| 17,689 | 21,365 | 19,625 | 24,205 | 23,197 | |
| 2,808 | 2,107 | 2,813 | 379 | 166 | |
| 13.7% | 9.0% | 12.5% | 1.5% | 0.7% | |
| 899 | 1,547 | −3,431 | 948 | −385 | |
| 1,396 | 1,545 | 1,485 | 1,565 | 1,658 | |
| – | −1,547 | −250 | – | – | |
| 2,311 | 562 | −2,352 | −238 | −1,877 | |
| 5.8% | 2.3% | −7.9% | 0.2% | −0.1% | |
| 2,176 | 550 | −2,536 | −238 | −1,879 | |
| 56.24 | 14.20 | -65.62 | -6.15 | -48.58 |
Profit & loss
- Sales CAGR 3Y
- +15.5%
- ROE
- −60.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 53,608 | 67,387 | 77,619 | 82,709 | |
| – | +25.7% | +15.2% | +6.6% | |
| 45,689 | 50,243 | 57,848 | 67,970 | |
| 7,919 | 17,144 | 19,771 | 14,739 | |
| 14.8% | 25.4% | 25.5% | 17.8% | |
| −426 | 569 | 132 | −569 | |
| 3,120 | 4,169 | 5,080 | 5,891 | |
| 5,103 | 6,426 | 8,680 | 10,808 | |
| 426 | 930 | 1,451 | 569 | |
| −304 | 8,049 | 7,593 | −1,961 | |
| −0.5% | −1.5% | 4.4% | −22.1% | |
| −306 | 8,173 | 7,258 | −2,392 | |
| – | – | minus 11.2% | minus 133.0% | |
| -7.93 | 211.61 | 187.67 | -61.88 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 386 | 386 | 386 | 387 | |
| −6,632 | 1,611 | 8,982 | 6,585 | |
| 44,854 | 51,280 | 66,810 | 77,749 | |
| 20,562 | 28,948 | 39,666 | 51,282 | |
| 59,170 | 82,225 | 1,15,844 | 1,36,002 | |
| 27,820 | 36,405 | 52,186 | 64,722 | |
| 173 | 299 | 434 | 1,581 | |
| 1.6 | 2,231 | 3,896 | 1,957 | |
| 14,180 | 21,222 | 33,307 | 39,335 | |
| 16,996 | 22,068 | 26,021 | 28,407 | |
| 59,170 | 82,225 | 1,15,844 | 1,36,002 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12,728 | 21,218 | 24,151 | 23,470 | |
| −4,059 | −11,809 | −12,759 | −1,953 | |
| −8,432 | −9,979 | −11,015 | −21,276 | |
| 236 | −570 | 377 | 241 | |
| −570 | −1,103 | −1,605 | −1,710 | |
| 12,158 | 20,115 | 22,547 | 21,760 | |
| – | – | – | −387 |
Shareholding pattern
- Promoters41.57%
- Public58.43%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 41.57% | 58.43% | 0.00 | |
| 30 Jun 2026 | 41.57% | 58.43% | 0.00 | |
| 31 Mar 2026 | 41.57% | 58.43% | minus 0.01 | |
| 31 Dec 2025 | 41.58% | 58.42% | 0.00 | |
| 30 Sep 2025 | 41.58% | 58.42% | – |
Major shareholders
Filings & events
News
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