INTERGLOBE AVIATION LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,076 INR | +3.22% |
|
+2.34% | +37.36% |
| Apr. 30 | Transcript : InterGlobe Aviation Limited - Special Call | |
| Apr. 29 | Interglobe Aviation Limited Appoints Isidro Pablo Porqueras Orea as Chief of Transformation | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 548,991 | 410,251 | 628,078 | 775,961 | 736,646 | 1,573,114 | - | - |
| Enterprise Value (EV) 1 | 419,542 | 210,000 | 734,811 | 962,473 | 951,211 | 1,702,428 | 1,681,645 | 1,595,277 |
| P/E ratio | 349 x | -176 x | -10.8 x | -12.6 x | -241 x | 20.1 x | 21.5 x | 22 x |
| Yield | 0.35% | - | - | - | - | 0.17% | 0.53% | 0.53% |
| Capitalization / Revenue | 1.93 x | 1.15 x | 4.29 x | 2.99 x | 1.35 x | 2.32 x | 2.09 x | 1.82 x |
| EV / Revenue | 1.47 x | 0.59 x | 5.02 x | 3.71 x | 1.75 x | 2.51 x | 2.24 x | 1.85 x |
| EV / EBITDA | 8.75 x | 4.61 x | 275 x | 112 x | 14.6 x | 10.6 x | 9.93 x | 8.43 x |
| EV / FCF | 28.7 x | 3.57 x | -35.8 x | 55.2 x | 7.82 x | 12.6 x | 11.9 x | 10.4 x |
| FCF Yield | 3.49% | 28% | -2.79% | 1.81% | 12.8% | 7.91% | 8.4% | 9.58% |
| Price to Book | 7.9 x | 6.98 x | 567 x | -13 x | -11.8 x | 109 x | 18.7 x | 10.4 x |
| Nbr of stocks (in thousands) | 384,407 | 384,796 | 384,864 | 385,255 | 385,547 | 385,979 | - | - |
| Reference price 2 | 1,428 | 1,066 | 1,632 | 2,014 | 1,911 | 4,076 | 4,076 | 4,076 |
| Announcement Date | 5/27/19 | 6/2/20 | 6/5/21 | 5/25/22 | 5/18/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 284,968 | 357,560 | 146,406 | 259,309 | 544,465 | 677,526 | 752,258 | 863,422 |
| EBITDA 1 | 47,960 | 45,550 | 2,669 | 8,590 | 64,954 | 161,058 | 169,376 | 189,167 |
| EBIT 1 | -9,630 | 846.9 | -47,131 | -45,213 | 13,924 | 97,183 | 97,994 | 109,118 |
| Operating Margin | -3.38% | 0.24% | -32.19% | -17.44% | 2.56% | 14.34% | 13.03% | 12.64% |
| Earnings before Tax (EBT) 1 | -1,474 | -2,557 | -58,181 | -61,537 | -3,044 | 79,032 | 74,002 | 83,092 |
| Net income 1 | 1,572 | -2,337 | -58,064 | -61,618 | -3,058 | 78,064 | 72,617 | 71,618 |
| Net margin | 0.55% | -0.65% | -39.66% | -23.76% | -0.56% | 11.52% | 9.65% | 8.29% |
| EPS 2 | 4.090 | -6.070 | -150.9 | -160.0 | -7.930 | 202.6 | 189.5 | 185.2 |
| Free Cash Flow 1 | 14,640 | 58,835 | -20,510 | 17,437 | 121,581 | 134,634 | 141,323 | 152,774 |
| FCF margin | 5.14% | 16.45% | -14.01% | 6.72% | 22.33% | 19.87% | 18.79% | 17.69% |
| FCF Conversion (EBITDA) | 30.52% | 129.17% | - | 202.99% | 187.18% | 83.59% | 83.44% | 80.76% |
| FCF Conversion (Net income) | 931.01% | - | - | - | - | 172.47% | 194.61% | 213.32% |
| Dividend per Share 2 | 5.000 | - | - | - | - | 6.776 | 21.75 | 21.54 |
| Announcement Date | 5/27/19 | 6/2/20 | 6/5/21 | 5/25/22 | 5/18/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 49,100 | 62,229 | 30,069 | 56,085 | 92,948 | 80,207 | 128,553 | 124,976 | 149,330 | 141,606 | 166,831 | 144,960 | 182,516 | 168,563 | 179,122 |
| EBITDA | 9,871 | 6,177 | - | 2,559 | 19,105 | 1,052 | 6,639 | 757.1 | 31,878 | 27,517 | - | 20,078 | 42,062 | 38,244 | - |
| EBIT 1 | -3,144 | - | -27,820 | -10,571 | 5,494 | -12,316 | -5,712 | -12,104 | 17,754 | 13,985 | 35,667 | -4,888 | 30,480 | 25,928 | 23,160 |
| Operating Margin | -6.4% | - | -92.52% | -18.85% | 5.91% | -15.36% | -4.44% | -9.69% | 11.89% | 9.88% | 21.38% | -3.37% | 16.7% | 15.38% | 12.93% |
| Earnings before Tax (EBT) 1 | -6,231 | - | -31,742 | -14,357 | - | - | -10,642 | -15,833 | 14,233 | 9,198 | 30,907 | 1,616 | 22,024 | 19,776 | - |
| Net income 1 | -6,201 | -11,472 | -31,742 | -14,357 | - | - | -10,643 | -15,833 | 14,226 | 9,192 | 30,906 | 1,616 | 22,024 | 19,755 | - |
| Net margin | -12.63% | -18.43% | -105.56% | -25.6% | - | - | -8.28% | -12.67% | 9.53% | 6.49% | 18.53% | 1.11% | 12.07% | 11.72% | - |
| EPS 2 | -16.11 | - | -82.47 | -37.29 | - | - | - | -41.09 | 36.86 | 23.81 | 80.03 | 4.200 | 49.53 | 51.29 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/28/21 | 6/5/21 | 7/27/21 | 10/28/21 | 2/4/22 | 5/25/22 | 8/3/22 | 11/4/22 | 2/3/23 | 5/18/23 | 8/2/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 106,733 | 186,512 | 214,565 | 129,314 | 108,531 | 22,163 |
| Net Cash position 1 | 129,449 | 200,250 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 40 x | 21.71 x | 3.303 x | 0.8029 x | 0.6408 x | 0.1172 x |
| Free Cash Flow 1 | 14,640 | 58,835 | -20,510 | 17,437 | 121,581 | 134,634 | 141,323 | 152,774 |
| ROE (net income / shareholders' equity) | 2.24% | -3.64% | -194% | - | - | 245% | 144% | 62.4% |
| ROA (Net income/ Total Assets) | - | 3.04% | -13.6% | -13.8% | -0.58% | 10% | 9% | 7% |
| Assets 1 | - | -76,868 | 425,760 | 445,069 | 525,682 | 780,637 | 806,854 | 1,023,111 |
| Book Value Per Share 2 | 181.0 | 153.0 | 2.880 | -155.0 | -162.0 | 37.40 | 217.0 | 390.0 |
| Cash Flow per Share 2 | 38.10 | 181.0 | -41.90 | 54.30 | 330.0 | 416.0 | 426.0 | 442.0 |
| Capex 1 | 17,116 | 10,883 | 4,369 | 3,469 | 5,698 | 27,724 | 28,397 | 31,332 |
| Capex / Sales | 6.01% | 3.04% | 2.98% | 1.34% | 1.05% | 4.09% | 3.77% | 3.63% |
| Announcement Date | 5/27/19 | 6/2/20 | 6/5/21 | 5/25/22 | 5/18/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
4,076
INR
Average target price
4,011
INR
Spread / Average Target
-1.59%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +37.36% | 18.26B | |
| +29.95% | 33.69B | |
| +1.65% | 23.35B | |
| +1.37% | 20.46B | |
| +28.50% | 17.32B | |
| -19.84% | 14.25B | |
| +43.37% | 14.12B | |
| -11.18% | 12.27B | |
| +18.71% | 10.94B | |
| -2.32% | 10.42B |
- Stock Market
- Equities
- INDIGO Stock
- Financials InterGlobe Aviation Limited