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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Interglobe Aviation Ltd

About the Company - Interglobe Aviation Ltd

InterGlobe Aviation Ltd. is a Public Limited Listed company incorporated on 13/01/2004 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L62100DL2004PLC129768 and registration number is 129768. Currently Company is involved in the business activities of Passenger airways. Company’s Total Operating Revenue is Rs. 25930.93 Cr. and Equity Capital is Rs. 385.26 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
AirlinesUpper Ground Floor, New Delhi Delhi 110001investors@goindigo.in
http://www.goindigo.in
Management
NamePosition Held
Dr. Venkataramani SumantranChairman & Ind.Director
Mr. Rahul BhatiaManaging Director
Mr. Meleveetil DamodaranDirector
Mr. Anil ParasharDirector
Mr. Gregg Albert SaretskyDirector
Air Cmdr. (Retd.) Birender Singh DhanoaIndependent Director
Ms. Pallavi Shardul ShroffIndependent Director
Mr. Vikram Singh MehtaIndependent Director

InterGlobe Aviation Ltd. Share Price Update

Share PriceValue
Today₹3,091.95
Previous Day₹3,130.15

Basic Stock Data of Interglobe Aviation Ltd

Market Cap 1,22,561 Cr.
Current Price 3,175
High / Low3,301/1,810
Stock P/E17.0
Book Value 77.5
Dividend Yield0.00 %
ROCE6.90 %
ROE%
Face Value 10.0

Data Source: screener.in

Interglobe Aviation Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales2,7414,9106,2233,0075,6089,2958,02112,85512,49814,93314,16116,68314,944
Expenses2,5354,0715,6744,4775,4227,5177,98512,25812,47211,81911,41211,71512,748
Operating Profit206839549-1,4701861,77836597253,1142,7484,9682,196
OPM %8%17%9%-49%3%19%0%5%0%21%19%30%15%
Other Income288233139163190185186163354476438477558
Interest5635415285555696016336577288299189541,021
Depreciation1,1261,1561,3191,3171,2481,2341,2691,1701,2371,3421,3521,4041,545
Profit before tax-1,195-627-1,159-3,179-1,440128-1,680-1,065-1,5851,4189163,087188
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-1,195-627-1,159-3,179-1,440128-1,680-1,065-1,5851,4189163,087188
EPS in Rs-31.05-16.28-30.11-82.60-37.403.33-43.60-27.65-41.1436.7923.7680.074.87

Interglobe Aviation Ltd Quarterly Chart

Interglobe Aviation Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5,5659,20311,11713,92516,14018,58023,02128,49735,75614,64125,93154,44660,720
Expenses5,5408,34810,68412,02212,97616,36219,99128,64831,68714,63825,37347,92647,694
Operating Profit258554331,9043,1642,2193,030-1514,06925586,52113,026
OPM %0%9%4%14%20%12%13%-1%11%0%2%12%21%
Other Income1652963913955157899471,3251,5311,0367251,4311,950
Interest59731231503504064135631,9022,1702,3863,1683,723
Depreciation67862263025054574377603,9744,6995,0685,1015,644
Profit before tax649934751,8472,8242,1443,127-149-275-5,830-6,171-3175,609
Tax %-100%21%0%29%30%23%28%205%10%0%0%0%
Net Profit1287874741,3041,9861,6592,242156-248-5,830-6,171-3175,609
EPS in Rs4,165.4725,646.5815,454.0742,481.1155.1245.9058.334.06-6.45-151.46-160.18-8.21145.49
Dividend Payout %0%70%80%83%27%74%10%123%0%0%0%0%

Interglobe Aviation Ltd Profit & Loss Yearly Chart

Interglobe Aviation Ltd Growth

Compounded Sales Growth
10 Years:19%
5 Years:19%
3 Years:15%
TTM:35%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:4%
TTM:347%
Stock Price CAGR
10 Years:%
5 Years:21%
3 Years:22%
1 Year:53%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Interglobe Aviation Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital31313131360361384384385385385386386
Reserves3484983733862,3633,4186,6936,5605,478-314-6,421-6,689-3,378
Preference Capital4444-0-0-0-0-0-0-0-0
Borrowings1,0161,8003,3463,9263,2452,5962,4532,42922,71929,86036,87844,85449,392
Other Liabilities2,4193,6825,3516,4466,6628,83411,59915,63813,46713,04415,01820,49226,594
Total Liabilities3,8146,0119,10210,78912,63015,21021,12925,01242,04842,97445,86059,04372,993
Fixed Assets8861,7643,9564,8764,7473,7944,5795,66216,77818,81521,28227,65031,957
CWIP-07-00322532241407212521-0
Investments5231,1381,2725179863,7136,3446,5179,4997,2908,03311,51414,838
Other Assets2,4043,1013,8745,3966,8647,67710,17412,80915,63116,79716,42019,85826,198
Total Assets3,8146,0119,10210,78912,63015,21021,12925,01242,04842,97445,86059,04372,993

Interglobe Aviation Ltd Reserves and Borrowings Chart

Interglobe Aviation Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 8961,7411,5952,3843,1163,7823,9033,1606,943-1,6202,06412,703
Cash from Investing Activity -47-1,890-2,914-940-1,337-3,033-4,152-2,526-4,5733,2281,527-4,039
Cash from Financing Activity -638361,285-1,308-1,220-1,401766-592-2,407-1,775-3,088-8,432
Net Cash Flow212-113-34136559-65251842-37-168503232

Interglobe Aviation Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days333343453553
Inventory Days
Days Payable
Cash Conversion Cycle333343453553
Working Capital Days-50-44-76-60-63-72-70-64-80-186-126-57
ROCE %9%55%17%47%61%38%40%0%5%-14%-13%7%

Interglobe Aviation Ltd Financial Efficiency Indicators Chart

Interglobe Aviation Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.84%74.84%74.79%74.78%74.77%74.77%71.92%71.92%67.86%67.77%63.25%63.12%
FIIs18.34%19.17%18.51%18.57%17.70%16.72%18.06%17.77%19.43%19.76%20.29%18.70%
DIIs4.80%3.92%4.62%4.73%5.48%6.38%7.77%8.24%10.43%10.37%13.25%14.65%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.07%0.07%0.07%0.07%0.07%0.07%
Public2.02%2.08%2.08%1.92%2.05%2.13%2.18%1.98%2.19%2.02%3.16%3.45%
No. of Shareholders82,42289,83494,13198,4961,11,4091,15,2241,15,0671,03,7771,06,2661,05,5111,40,1791,41,106

Interglobe Aviation Ltd Shareholding Pattern Chart

No. of Interglobe Aviation Ltd Shareholders

Interglobe Aviation Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Equity Hybrid Fund44000001.821079.69
Kotak Flexicap Fund - Regular Plan26500001.66650.27
SBI Multicap Fund19000003.6466.23
Axis Bluechip Fund16287221.3399.66
Nippon India Small Cap Fund16194431.06397.39
ICICI Prudential Balanced Advantage Fund14347150.71352.06
ICICI Prudential Multi Asset Fund11333701.12278.11
ICICI Prudential Value Discovery Fund10446870.79256.35
Mirae Asset Emerging Bluechip Fund9485620.83232.76
Nippon India Growth Fund9287031.19227.89

Interglobe Aviation Ltd ROCE Trend

Interglobe Aviation Ltd EPS Trend

Interglobe Aviation Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-7.93-160.01-150.89-6.074.09
Diluted EPS (Rs.)-7.93-160.01-150.89-6.074.09
Cash EPS (Rs.)124.43-28.38-28.7697.2023.85
Book Value[Excl.RevalReserv]/Share (Rs.)-162.17-155.582.73152.60180.54
Book Value[Incl.RevalReserv]/Share (Rs.)-162.17-155.582.73152.60180.54
Revenue From Operations / Share (Rs.)1412.19673.08380.37929.22741.32
PBDIT / Share (Rs.)205.6933.0426.59145.3829.17
PBIT / Share (Rs.)73.33-98.52-95.5042.109.41
PBT / Share (Rs.)-7.89-159.73-151.15-6.64-3.83
Net Profit / Share (Rs.)-7.93-159.94-150.85-6.074.09
NP After MI And SOA / Share (Rs.)-7.93-159.94-150.85-6.074.09
PBDIT Margin (%)14.564.906.9815.643.93
PBIT Margin (%)5.19-14.63-25.104.531.26
PBT Margin (%)-0.55-23.73-39.73-0.71-0.51
Net Profit Margin (%)-0.56-23.76-39.65-0.650.55
NP After MI And SOA Margin (%)-0.56-23.76-39.65-0.650.55
Return on Networth / Equity (%)0.000.00-5530.98-3.972.26
Return on Capital Employeed (%)8.00-16.12-15.236.312.12
Return On Assets (%)-0.51-13.40-13.48-0.550.62
Long Term Debt / Equity (X)0.00-0.063.640.050.31
Total Debt / Equity (X)-0.36-0.6523.870.050.31
Asset Turnover Ratio (%)1.040.580.341.071.24
Current Ratio (X)1.100.901.101.372.26
Quick Ratio (X)1.070.881.081.352.24
Dividend Payout Ratio (NP) (%)0.000.000.000.00146.67
Dividend Payout Ratio (CP) (%)0.000.000.000.0025.15
Earning Retention Ratio (%)0.000.000.000.00-46.67
Cash Earning Retention Ratio (%)0.000.000.000.0074.85
Interest Coverage Ratio (X)2.530.530.472.982.20
Interest Coverage Ratio (Post Tax) (X)0.90-1.61-1.710.871.31
Enterprise Value (Cr.)64138.8871341.9154208.8230579.9948430.39
EV / Net Operating Revenue (X)1.182.753.700.851.70
EV / EBITDA (X)8.0956.0552.975.4743.20
MarketCap / Net Operating Revenue (X)1.352.994.301.151.93
Retention Ratios (%)0.000.000.000.00-46.67
Price / BV (X)-11.79-12.94599.547.007.90
Price / Net Operating Revenue (X)1.352.994.301.151.93
EarningsYield0.00-0.07-0.09-0.010.00

Interglobe Aviation Ltd Profitability Ratios (%)

Interglobe Aviation Ltd Liquidity Ratios

Interglobe Aviation Ltd Liquidity Ratios (%)

Interglobe Aviation Ltd Interest Coverage Ratios (%)

Interglobe Aviation Ltd Valuation Ratios

Fair Value of Interglobe Aviation Ltd Stock

Fair Value: ₹201.58

The stock is overvalued by 93.65% compared to the current price ₹3175

*Investments are subject to market risks

Strength and Weakness of Interglobe Aviation Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 21.00%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -79.00, which is a positive sign.
  3. The company has higher reserves (716.54 cr) compared to borrowings (1.23 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (23.92 cr) and profit (61.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of -13.84 and average Dividend Yield of -5.75%.
  2. The stock has a high average Cash Conversion Cycle of 3.67, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Interglobe Aviation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE