Interglobe Aviation Ltd.

NSE: INDIGO  SECTOR: Airlines

1551.05
-39.95 (-2.51%)

Price Summary

Today's High

₹ 1574.15

Today's Low

₹ 1522.7

52 Week High

₹ 1743.8

52 Week Low

₹ 765.05

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

59683.826854295 Cr.

Enterprise Value

49540.060854295 Cr.

No. of Shares

38.4796279 Cr.

P/E

0

P/B

32.7

Face Value

₹ 10

Div. Yield

0%

Book Value (TTM)

₹  47.4269

CASH

10829.406 Cr.

DEBT

685.64 Cr.

Promoter Holding

74.86%

EPS (TTM)

₹  -115.0525

Sales Growth

25.4738641976712%

ROE

-3.89084852777528 %

ROCE

20.434242121879 %

Profit Growth

-0.694034548214718 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year25.47%
3 Year24.38%
5 Year20.76%

Profit Growth (in Cr.)

1 Year-258.94%
3 Year-153.08%
5 Year-171.76%

ROE%

1 Year-3.89%
3 Year13.36%
5 Year44.28%

ROCE %

1 Year20.43%
3 Year23.11%
5 Year34.44%

Debt/Equity

0.117164804488367

Price to Cash Flow

8.6

Interest Cover Ratio

0.855358140938648

CFO/PAT (5 Yr. Avg.)

NA

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2020 74.86 0
Dec 2019 74.86 0
Sep 2019 74.89 0
Jun 2019 74.89 0
Mar 2019 74.93 0
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good revenue growth of 24.3835364388125% for the Past 3 years.
  • The company has significantly decreased its debt by 1743.531 Cr.
  • Company has been maintaining healthy ROCE of 23.1092645125591% over the past 3 years.
  • The company has an efficient Cash Conversion Cycle of -10.9285090997015 days.
  • The company has a high promoter holding of 74.86%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.13251473796569.

 Limitations

  • The company has shown a poor profit growth of -153.081698486077% for the Past 3 years.
  • Company has low Interest coverage ratio of 0.855358140938648.
  • The company is trading at a high EV/EBITDA of 32.5915.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
Net Sales 8105.19 9931.69 8299.06 766.74 2740.96
Total Expenditure 8125.08 8261.77 8434.32 2386.76 3048.34
Operating Profit -19.88 1669.91 -135.27 -1620.02 -307.38
Other Income 434.73 398.65 335.86 376.75 801.52
Interest 423.46 480.49 487.75 509.75 562.52
Depreciation 1028.74 1037.69 1006.27 1096.38 1126.4
Exceptional Items 0 0 0 0 0
Profit Before Tax -1037.35 550.38 -1293.43 -2849.39 -1194.77
Tax 28.26 59.93 -419.96 0 0
Profit After Tax -1065.61 490.45 -873.47 -2849.39 -1194.77
Adjusted EPS (Rs) -2.77 1.27 -2.27 -7.4 -3.1

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 16139.91 18580.5 23020.89 28496.77 35756
Total Expenditure 12975.79 16361.83 19991.1 28647.77 31691.86
Operating Profit 3164.12 2218.67 3029.79 -151 4064.15
Other Income 515.12 789.07 946.86 1324.94 1536.24
Interest 350.26 406.15 413.09 563.4 1901.86
Depreciation 505.47 457.25 436.88 759.58 3973.61
Exceptional Items 0 0 0 0 0
Profit Before Tax 2823.51 2144.34 3126.68 -149.05 -275.09
Tax 837.35 485.15 884.3 -305.18 -26.93
Net Profit 1986.16 1659.19 2242.37 156.14 -248.16
Adjusted EPS (Rs.) 55.12 45.9 58.33 4.06 -6.45

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 360.36 361.47 384.41 384.41 384.8
Total Reserves 2362.83 3417.75 6693.04 6560.38 5477.64
Borrowings 3007.07 2395.71 2241.37 2193.67 346.59
Other N/C liabilities 3969.6 4757.37 5687.54 7874.83 19133.97
Current liabilities 4416.57 6208.47 6122.99 7998.44 16410.51
Total Liabilities 14116.43 17140.76 21129.34 25011.73 41753.51
Assets
Net Block 4747.41 3793.84 4578.81 5662.04 16778.2
Capital WIP 23.73 23.3 29.42 22.02 129.27
Investments 0.03 0.03 0.13 0.13 0.19
Loans & Advances 1219.43 1077.83 738.06 744.35 2417.6
Other N/C Assets 1782.15 1375.5 1151.43 479.9 16.8
Current Assets 6343.68 10870.26 14631.5 18103.3 22411.46
Total Assets 14116.43 17140.76 21129.34 25011.73 41753.51
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 2823.51 2144.34 3126.68 -149.05 -275.09
Adjustment 560.25 -51.65 4.28 525.23 5931.95
Working Capital Changes 308.09 2113.48 1509.67 2878.61 1592.68
Tax Paid -576.12 -424.1 -737.52 -94.8 -306.24
Operating Cash Flow 3115.72 3782.07 3903.1 3160 6943.3
Investing Cash Flow -1342.84 -3037.87 -4159.63 -2536.05 -4566.91
Financing Cash Flow -1219.96 -1401.21 765.96 -592.16 -2407.48
Net Cash Flow 552.92 -657 509.43 31.79 -31.09

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

Interglobe Aviation Stock Price Analysis and Quick Research Report. Is Interglobe Aviation an attractive stock to invest in?

 

The civil aviation industry in India has emerged as one of the fastest-growing industries in the country during the last three years. India is currently considered the third largest domestic civil aviation market in the world. 

A rise in the working group and middle-class demography has created a positive demand for the airline sector, to cater to the rising air traffic, the Government of India has been working towards increasing the number of airports. Investments to the tune of ($5.99 to $6.41) are expected in India’s airport infrastructure between FY18-23. While assessing the health of an airline company these financial metrics should be analyzed thoroughly.

Let us have a look into Interglobe Aviation for more understanding.

  • Quick ratio: - It measures an airline company’s short-term liquidity, whether a company can cover all of its short-term debt obligations with its liquid/quick assets. This financial ratio is particularly useful for analyzing airline companies because they are capital-intensive and have significant amounts of debt. Interglobe Aviation has a 1.34824129801678 of which is considered disadvantageous in terms of liquidity.
     
  • Return on Assets: - ROA indicates profitability earned on its assets, Airplane companies have planes as its primary assets, so bulk revenues are generated through Air travels. Interglobe Aviation has a ROA of -0.743377774718302 % which is significantly bad to its peers. 
     
  • Debt to equity ratio: - With significant debt portion and capital expenditures it is a good metric to check out Debt to Equity ratio for an airline company. Interglobe Aviation has a D/E ratio of 0.117164804488367 which is an insignificant indicative measure of financial risk when compared to its peers.
     
  • Cash flows analysis: - Airline companies usually have high fixed costs and major capital expenditures, so it is a good metric to measure the company’s growth and future performance. Interglobe Aviation has weak net cash flows of -31.09 Cr over the year.
Brief about Interglobe Aviation

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