InterGlobe Aviation Ltd (INDIGO) AI Stock Analysis

• Market Cap: ₹2.18T
• Dividend Yield: 0.19%
• Average Volume (3M): 12.83K
• Price to Earnings (P/E): 32.5
• Beta (1Y): 1.34
• Revenue Growth: 12.86%
• EPS Growth: -23.06%
• Country: IN
• Employees: 36,860
• Sector: Services
• Sector Strength: N/A
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -67.00
• 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: ₹6,125.00
• Price Target Upside: 14.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹6,096.00 ▲(13.49% Upside)

InterGlobe Aviation Ltd's overall stock score reflects strong financial recovery and operational efficiency post-pandemic, but is tempered by high financial leverage and valuation concerns. Technical indicators suggest a neutral market sentiment, while valuation metrics indicate the stock may be overvalued.

Positive Factors

Revenue Growth

Consistent revenue growth indicates robust demand and effective market strategies, enhancing long-term business sustainability.

Cash Flow Management

Strong cash flow management ensures liquidity and operational flexibility, supporting future investments and debt reduction.

Operational Efficiency

Improved margins reflect enhanced operational efficiency, which can lead to sustained profitability and competitive advantage.

Negative Factors

High Financial Leverage

High leverage can increase financial risk and limit strategic options, potentially impacting long-term financial stability.

Net Profit Margin Volatility

Volatile profit margins can affect predictability of earnings, making long-term financial planning challenging.

Overvaluation Concerns

Perceived overvaluation can deter investment, affecting stock performance and limiting capital raising opportunities.

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 resilience and growth in financial performance post-pandemic, with improvements in revenue, profitability, and cash flow. However, high leverage remains a concern, necessitating careful management and 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: Negative
• Last Price: 5371.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 5371.3 is below the 20-day moving average (MA) of 5759.05, below the 50-day MA of 5740.50, and below the 200-day MA of 5496.61, indicating a bearish trend. The MACD of -55.38 indicates Positive momentum. The RSI at 30.23 is Neutral, neither overbought nor oversold. The STOCH value of 8.87 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IRCTC	72 Outperform	₹574.92B	42.97	―	1.33%	7.66%	14.36%
INDIGO	63 Neutral	₹2.18T	32.49	―	0.19%	12.86%	-23.06%
THOMASCOOK	63 Neutral	₹66.06B	26.37	―	0.32%	11.02%	-9.59%
DELHIVERY	57 Neutral	₹362.57B	237.71	―	―	9.17%	1685.95%
GMRAIRPORT	56 Neutral	₹1.00T	-205.55	―	―	29.47%	83.38%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SPICEJET	41 Neutral	₹47.20B	-8.61	―	―	-26.46%	46.14%

InterGlobe Aviation Ltd Corporate Events

IndiGo Forms Crisis Management Group to Tackle Flight Disruptions

InterGlobe Aviation Limited, operating as IndiGo, has announced the formation of a Crisis Management Group (CMG) in response to recent flight cancellations and delays. The CMG, which includes key board members and executives, is actively working to address customer hardships and restore operational integrity. The airline is committed to providing refunds and waivers during this crisis period, emphasizing its dedication to customer service and operational excellence.

IndiGo Announces Operational Improvements Amidst Recent Disruptions

IndiGo has announced significant improvements in its operational performance following recent disruptions. The airline has increased its flight operations to over 1650 flights with a notable improvement in on-time performance from 30% to 75%. IndiGo is focused on restoring its flight schedules and enhancing customer support systems, with a growing confidence in stabilizing its network by December 10. The company expresses gratitude to its customers and employees for their patience and efforts during this period.

IndiGo Restores Flight Operations to Over 1500 Daily Flights

IndiGo has announced a significant recovery in its operations following recent disruptions that led to the cancellation of numerous flights. The airline has successfully increased its daily flights to over 1500, re-establishing 95% of its network connectivity by operating in 135 out of 138 destinations. IndiGo is committed to restoring customer trust and appreciates the support from partners, government agencies, customers, and staff during this challenging period.

IndiGo Faces Major Disruptions, Plans Operational Reboot

IndiGo has faced significant operational disruptions, leading to over 1,000 flight cancellations on December 5, 2025, which is more than half of its daily flights. The company is implementing a reboot of its systems and schedules to address the crisis, with expectations to reduce cancellations and progressively improve operations, aiming for full restoration by mid-December. IndiGo is actively communicating with customers and enhancing support measures to mitigate the impact of these disruptions.

InterGlobe Aviation Announces ESOP Share Allotment

InterGlobe Aviation Limited has announced the allotment of equity shares following the exercise of vested stock options under its Employee Stock Option Scheme 2023. This move reflects the company’s commitment to employee engagement and retention, potentially enhancing its operational efficiency and market competitiveness.

IndiGo Implements Measures to Address Operational Disruptions

IndiGo has faced significant operational disruptions due to unforeseen challenges such as technology glitches, weather conditions, and updated crew rostering rules. To address these issues, the airline has implemented schedule adjustments to stabilize operations and improve punctuality. Affected customers are being offered alternative travel arrangements or refunds, and IndiGo is committed to minimizing disruption and supporting its customers during this period.

InterGlobe Aviation Faces Tax Penalty, Plans to Contest

InterGlobe Aviation Ltd has been issued a penalty of INR 117.52 crore by the Joint Commissioner of Central Tax and Central Excise, CGST Kochi Commissionerate, for allegedly availing input tax credit (ITC) incorrectly from FY 2018-19 to 2021-22. The company disputes the order, asserting it is erroneous and plans to contest it, supported by external tax advisors. Despite the penalty, InterGlobe Aviation states that there is no significant impact on its financials, operations, or other activities.

IndiGo Allocates $820 Million for Aviation Asset Acquisition

InterGlobe Aviation Limited has announced a substantial investment of USD 820 million into its wholly-owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited, to facilitate the acquisition of aviation assets. This strategic move is aimed at enhancing IndiGo’s asset ownership, particularly aircraft, which could strengthen its market position and operational capabilities. The investment will be executed in multiple tranches during the fiscal year 2025-26, reflecting the company’s commitment to expanding its asset base and potentially improving its competitive edge in the aviation industry.

InterGlobe Aviation to Invest $820 Million in Subsidiary for Aircraft Acquisition

InterGlobe Aviation Limited has announced an investment of USD 820 million in its wholly owned subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited. This investment, to be made in multiple tranches during FY 2025-26, aims to facilitate the acquisition of aviation assets, enhancing the company’s capability to own aircraft and potentially strengthening its market position.

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.