Want to see IN:INDIGO full AI Analyst Report?
Top Page
InterGlobe Aviation Ltd
(INDIGO)
Select Model
Select Model
Rating:49Neutral
Price Target:
₹4,955.00
▼(-0.60% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by balance-sheet risk (high leverage) and the return to a net loss despite strong operating performance and resilient free cash flow. Technicals further weigh on the outlook with a clear near-term downtrend, while valuation offers limited support given the negative P/E and low dividend yield.
Positive Factors
Strong Revenue Expansion
Strong multi-year revenue expansion shows substantial growth in the airline’s operating base and passenger business. If maintained, this scale can support broader route economics, improve fixed-cost absorption, and provide a foundation for continued investment in IndiGo’s network and services.
Negative Factors
Very High Leverage
Very high leverage leaves a relatively thin equity buffer against operating or financial shocks. It can also constrain capital allocation and increase dependence on continued business stability, making the balance sheet a material vulnerability in an inherently cyclical airline industry.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
Strong multi-year revenue expansion shows substantial growth in the airline’s operating base and passenger business. If maintained, this scale can support broader route economics, improve fixed-cost absorption, and provide a foundation for continued investment in IndiGo’s network and services.
Read all positive factors
InterGlobe Aviation Ltd (INDIGO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.93T
Dividend Yield0.2%
Average Volume (3M)60.53K
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue Growth8.96%
EPS Growth-171.64%
CountryIN
Employees41,907
SectorGeneral
Sector StrengthN/A
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-124.34
Shares Outstanding386,666,600
10 Day Avg. Volume71,863
30 Day Avg. Volume60,528
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)21.87
Price to Sales (P/S)1.79
P/FCF Ratio6.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹5,126.00Price Target Upside2.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)78.28
Revenue Forecast (FY)₹1.02T
InterGlobe Aviation Ltd Business Overview & Revenue Model
Company Description
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 se...
How the Company Makes Money
InterGlobe Aviation Ltd. primarily makes money by operating commercial flights under the IndiGo brand and earning revenue per passenger carried and per flight operated. Its main revenue stream is passenger ticket revenue (fares) from scheduled dom...
InterGlobe Aviation Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 890.50B | 849.62B | 804.96B | 673.87B | 536.08B | 256.72B |
| Gross Profit | 163.78B | 184.52B | 151.55B | 126.12B | 62.69B | -23.06B |
| EBITDA | 97.93B | 147.38B | 204.48B | 180.41B | 75.25B | 9.51B |
| Net Income | -48.06B | -23.92B | 72.58B | 81.72B | -3.06B | -61.62B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.36T | 1.16T | 822.25B | 591.70B | 459.63B |
| Cash, Cash Equivalents and Short-Term Investments | 497.43B | 497.43B | 333.07B | 212.23B | 141.80B | 79.46B |
| Total Debt | 0.00 | 777.49B | 668.10B | 512.80B | 448.54B | 368.78B |
| Total Liabilities | -69.87B | 1.29T | 1.06T | 802.28B | 654.16B | 519.51B |
| Stockholders Equity | 69.87B | 69.71B | 93.68B | 19.96B | -62.47B | -59.88B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 225.36B | 217.37B | 201.15B | 121.58B | 17.44B |
| Operating Cash Flow | 0.00 | 248.08B | 241.51B | 212.18B | 127.28B | 20.91B |
| Investing Cash Flow | 0.00 | -32.87B | -127.59B | -118.09B | -40.59B | 15.02B |
| Financing Cash Flow | 0.00 | -212.79B | -110.15B | -99.79B | -84.32B | -30.88B |
InterGlobe Aviation Ltd Technical Analysis
Negative
4984.95
Price Trends
5233.43
Negative
4895.72
Positive
4890.02
Positive
Market Momentum
-53.96
Positive
38.27
Neutral
20.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDIGO, the sentiment is Negative. The current price of 4984.95 is below the 20-day moving average (MA) of 5179.00, below the 50-day MA of 5233.43, and above the 200-day MA of 4890.02, indicating a neutral trend. The MACD of -53.96 indicates Positive momentum. The RSI at 38.27 is Neutral, neither overbought nor oversold. The STOCH value of 20.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDIGO.
InterGlobe Aviation Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹3.55B | -15.23 | ― | 0.30% | -73.44% | -133.58% | |
49 Neutral | ₹1.93T | -40.03 | ― | 0.20% | 8.96% | -171.64% | |
48 Neutral | ₹1.03T | 213.72 | ― | 0.39% | 38.77% | ― | |
41 Neutral | ₹1.99B | -5.67 | ― | ― | -1.58% | -779.17% | |
23 Underperform | ₹14.85B | -1.87 | ― | ― | -14.50% | -239.75% |
* General Sector Average
IN:INDIGO
InterGlobe Aviation Ltd
4,980.00
-716.25
-12.57%
IN:DREAMFOLKS
Dreamfolks Services Limited
66.63
-71.72
-51.84%
IN:GLOBALVECT
Global Vectra Helicorp Limited
142.15
-74.45
-34.37%
IN:GMRAIRPORT
GMR Airports Ltd
97.50
11.23
13.02%
IN:JETAIRWAYS
Jet Airways (India) Limited
34.04
0.00
0.00%
IN:SPICEJET
SpiceJet Limited
9.73
-23.72
-70.91%
InterGlobe Aviation Ltd Corporate Events
InterGlobe Aviation Sets Virtual AGM for August 20, 2026 and Releases FY26 Annual Report
Jul 28, 2026
InterGlobe Aviation Ltd has scheduled its 23rd Annual General Meeting for August 20, 2026, at 11:00 a.m. IST, to be conducted via video conferencing or other audio-visual means in line with guidance from the Ministry of Corporate Affairs and SEBI....
InterGlobe Aviation Closes Trading Window Ahead of June Quarter Results
Jun 24, 2026
InterGlobe Aviation Limited has announced that its trading window for dealing in company shares will be closed from July 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations, 2015 and its internal code of conduct for desig...
InterGlobe Aviation shares investor presentation for 2026 Analysts Meet
Jun 8, 2026
InterGlobe Aviation has released an investor presentation ahead of its 2026 Analysts Meet, providing updated information to market participants about its business and performance. The presentation has been filed with Indian stock exchanges and mad...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.