InterGlobe Aviation Ltd (INDIGO) AI Stock Analysis

• Market Cap: ₹2.23T
• Dividend Yield: 0.17%
• Average Volume (3M): 12.83K
• Price to Earnings (P/E): 33.3
• Beta (1Y): 1.30
• Revenue Growth: 13.84%
• EPS Growth: -14.26%
• Country: IN
• Employees: 36,860
• Sector: Services
• Sector Strength: N/A
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 56.35
• Shares Outstanding: 386,588,900
• 10 Day Avg. Volume: 9,877
• 30 Day Avg. Volume: 12,830
• PEG Ratio: -2.37
• Price to Book (P/B): 20.76
• Price to Sales (P/S): 2.42
• P/FCF Ratio: 8.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹6,432.50
• Price Target Upside: 11.43% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 66 Neutral
• Price Target: ₹6,180.00 ▲(7.05% Upside)

InterGlobe Aviation Ltd's overall stock score is driven by strong financial performance, particularly in revenue growth and cash flow management. However, high leverage and overvaluation concerns weigh on the score. Technical indicators suggest neutral to bearish momentum, further impacting the overall assessment.

InterGlobe Aviation Ltd Business Overview & Revenue Model

Company Description

InterGlobe Aviation Ltd, operating under the brand name IndiGo, is a leading low-cost airline in India, primarily focused on providing passenger air transportation services. Founded in 2006, the airline has rapidly expanded its network across domestic and international destinations, making it a prominent player in the aviation sector. IndiGo is known for its efficient operations, punctuality, and customer-centric services, offering a range of travel options that include both economy and business class services.

How the Company Makes Money

IndiGo primarily generates revenue through the sale of passenger tickets for both domestic and international flights. Its low-cost carrier model allows the airline to attract a large customer base by offering competitive fares, which drives higher volume sales. Additional revenue streams include ancillary services such as baggage fees, in-flight refreshments, and seat selection charges. IndiGo also engages in cargo operations, transporting freight and goods, which contributes to its overall earnings. Strategic partnerships with travel agencies and online booking platforms enhance its sales reach. Furthermore, operational efficiency, fleet management, and cost-control measures are critical factors that bolster profitability.

InterGlobe Aviation Ltd Financial Statement Overview

Summary

InterGlobe Aviation Ltd has shown strong revenue growth and improved operational efficiency post-pandemic. However, high financial leverage remains a concern, necessitating strategic debt reduction to ensure long-term financial health.

Income Statement

InterGlobe Aviation Ltd has shown significant revenue growth over the years, especially after recovering from pandemic-related downturns. Gross profit and EBIT margins have improved considerably in recent periods, indicating enhanced operational efficiency. However, net profit margin remains volatile due to fluctuations in net income, affecting overall profitability stability.

Balance Sheet

The company maintains a high debt-to-equity ratio, which raises concerns about financial leverage and associated risks. However, the increase in stockholders' equity in recent periods is a positive sign, improving the equity ratio and overall financial stability. Continued focus on reducing debt could further strengthen the balance sheet.

Cash Flow

InterGlobe Aviation shows a strong recovery in cash flow metrics, with substantial free cash flow growth and robust operating cash flow to net income ratios. This indicates efficient cash management and a capacity to generate cash from operations, despite previous periods of negative free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	817.28B	804.96B	673.87B	536.08B	256.72B	145.42B
Gross Profit	179.19B	151.55B	126.12B	62.69B	-23.06B	-41.82B
EBITDA	217.89B	204.48B	180.41B	75.25B	9.51B	6.09B
Net Income	67.06B	72.58B	81.72B	-3.06B	-61.62B	-58.06B
Balance Sheet
Total Assets	0.00	1.16T	822.25B	591.70B	459.63B	430.51B
Cash, Cash Equivalents and Short-Term Investments	333.07B	333.07B	212.23B	141.80B	79.46B	91.28B
Total Debt	0.00	668.10B	512.80B	448.54B	368.78B	298.60B
Total Liabilities	-93.68B	1.06T	802.28B	654.16B	519.51B	429.40B
Stockholders Equity	93.68B	93.68B	19.96B	-62.47B	-59.88B	1.11B
Cash Flow
Free Cash Flow	0.00	217.37B	201.15B	121.58B	17.44B	-20.51B
Operating Cash Flow	0.00	241.51B	212.18B	127.28B	20.91B	-16.14B
Investing Cash Flow	0.00	-127.59B	-118.09B	-40.59B	15.02B	31.97B
Financing Cash Flow	0.00	-110.15B	-99.79B	-84.32B	-30.88B	-17.75B

InterGlobe Aviation Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5772.85
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDIGO, the sentiment is Neutral. The current price of 5772.85 is above the 20-day moving average (MA) of 5737.67, below the 50-day MA of 5783.77, and above the 200-day MA of 5276.06, indicating a neutral trend. The MACD of 32.05 indicates Negative momentum. The RSI at 50.29 is Neutral, neither overbought nor oversold. The STOCH value of 49.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:INDIGO.

InterGlobe Aviation Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IRCTC	69 Neutral	₹577.12B	43.01	―	1.12%	7.48%	12.75%
INDIGO	66 Neutral	₹2.23T	33.27	―	0.17%	13.84%	-14.26%
THOMASCOOK	66 Neutral	₹76.58B	30.18	―	0.28%	12.46%	-4.05%
DELHIVERY	62 Neutral	₹348.26B	174.63	―	―	7.99%	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
GMRAIRPORT	52 Neutral	₹971.11B	―	―	―	22.74%	58.39%
SPICEJET	45 Neutral	₹42.38B	―	―	―	-30.23%	45.36%

InterGlobe Aviation Ltd Corporate Events

IndiGo Expands Fleet with 30 More Airbus A350-900 Aircraft

IndiGo has confirmed its order with Airbus for 30 additional A350-900 aircraft, doubling its wide-body fleet order to 60 planes. This strategic move aligns with IndiGo’s ambition to expand its international footprint and support India’s vision of becoming a global aviation hub by 2030, enhancing its long-haul operations and connectivity.

InterGlobe Aviation Ltd Announces ESOP Share Allotment

InterGlobe Aviation Ltd has announced the allotment of shares following the exercise of vested stock options under its Employee Stock Option Schemes from 2015 and 2023. This move, approved by the ESOP Allotment Committee, involves the issuance of 17,063 equity shares, enhancing the total issued shares to 38,65,80,898. This development reflects the company’s ongoing commitment to employee engagement and retention, potentially impacting its operational dynamics and stakeholder interests.