INDIGO

InterGlobe Aviation Limited

India's largest airline by fleet, flying as IndiGo — low-cost, now extending long-haul

Services›Services›Transport Services›Airline

goindigo.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹4686.90
Market cap
1,81,074 Cr
Stock P/E
Loss (TTM EPS ₹-124.39)
P/B
25.99
Dividend yield
0.2%
ROE (FY26)
-34.2%
ROCE (FY26)
44.7%
Operating margin (FY26)
1.4%
Debt / equity (FY26)
0.26
OCF / EBITDA (FY26)
195.9%
OCF / EBITDA (3Y)
148.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

IndiGo (InterGlobe Aviation) is an Indian airline that sells passenger air travel, mainly on domestic routes, and is extending into international and long-haul flying.

Company snapshot

1stBy market cap

Ranked among 2 companies in Airline.

What we see

Positives
  • ✓148% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales14,944 Cr19,452 Cr17,825 Cr19,571 Cr16,970 Cr22,111 Cr22,152 Cr20,496 Cr18,555 Cr23,472 Cr22,438 Cr24,584 Cr
Operating expenses (approx.)12,744 Cr14,303 Cr13,832 Cr14,412 Cr15,338 Cr16,932 Cr16,063 Cr15,270 Cr17,976 Cr18,105 Cr21,628 Cr21,317 Cr
EBITDA2,200 Cr5,149 Cr3,994 Cr5,159 Cr1,631 Cr5,179 Cr6,089 Cr5,227 Cr580 Cr5,367 Cr810 Cr3,267 Cr
OPM %14.7%26.5%22.4%26.4%9.6%23.4%27.5%25.5%3.1%22.9%3.6%13.3%
Other income559 Cr610 Cr680 Cr678 Cr789 Cr882 Cr946 Cr1,046 Cr1,044 Cr1,069 Cr1,392 Cr1,030 Cr
Interest1,021 Cr1,095 Cr1,099 Cr1,158 Cr1,240 Cr1,308 Cr1,374 Cr1,396 Cr1,465 Cr1,545 Cr1,485 Cr1,565 Cr
Depreciation1,549 Cr1,666 Cr1,803 Cr1,876 Cr2,088 Cr2,226 Cr2,491 Cr2,566 Cr2,641 Cr2,782 Cr2,820 Cr2,970 Cr
Profit before tax189 Cr2,999 Cr1,771 Cr2,804 Cr-907 Cr2,527 Cr3,169 Cr2,311 Cr-2,482 Cr562 Cr-2,352 Cr-238 Cr
Tax %0.1%0.0%-7.0%2.7%-8.8%3.1%3.2%5.8%-4.0%2.3%-7.9%0.2%
Net profit189 Cr2,998 Cr1,895 Cr2,729 Cr-987 Cr2,449 Cr3,068 Cr2,176 Cr-2,582 Cr549 Cr-2,537 Cr-238 Cr
EPS (₹)₹4.90₹77.69₹49.09₹70.70₹-25.55₹63.38₹79.38₹56.31₹-66.79₹14.22₹-65.62₹-6.15

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales18,581 Cr23,021 Cr28,497 Cr35,756 Cr14,641 Cr25,931 Cr54,446 Cr68,904 Cr80,803 Cr84,962 CrSign in free for the trailing twelve months
Operating expenses (approx.)16,437 Cr20,064 Cr28,700 Cr31,697 Cr14,654 Cr25,384 Cr47,951 Cr52,587 Cr62,745 Cr72,979 CrSign in free for the trailing twelve months
EBITDA2,143 Cr2,956 Cr-203 Cr4,059 Cr-14 Cr547 Cr6,495 Cr16,318 Cr18,058 Cr11,983 CrSign in free for the trailing twelve months
OPM %11.5%12.8%-0.7%11.4%-0.1%2.1%11.9%23.7%22.3%14.1%Sign in free for the trailing twelve months
Other income789 Cr947 Cr1,325 Cr1,536 Cr1,037 Cr726 Cr1,435 Cr2,327 Cr3,295 Cr4,552 CrSign in free for the trailing twelve months
Interest331 Cr340 Cr509 Cr1,876 Cr2,142 Cr2,358 Cr3,132 Cr4,169 Cr5,080 Cr5,891 CrSign in free for the trailing twelve months
Depreciation457 Cr437 Cr760 Cr3,974 Cr4,699 Cr5,069 Cr5,103 Cr6,426 Cr8,680 Cr10,808 CrSign in free for the trailing twelve months
Profit before tax2,144 Cr3,127 Cr-147 Cr-256 Cr-5,818 Cr-6,154 Cr-304 Cr8,049 Cr7,593 Cr-1,960 CrSign in free for the trailing twelve months
Tax %22.6%28.3%206.7%8.6%0.2%-0.1%-0.5%-1.5%4.4%-22.1%Sign in free for the trailing twelve months
Net profit1,659 Cr2,242 Cr157 Cr-234 Cr-5,806 Cr-6,162 Cr-306 Cr8,172 Cr7,258 Cr-2,394 CrSign in free for the trailing twelve months
EPS (₹)₹45.94₹60.03₹4.09₹-6.07₹-150.89₹-160.01₹-7.93₹211.84₹187.93₹-61.88Sign in free for the trailing twelve months
Dividend payout %———————0.0%0.0%—Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital361 Cr384 Cr384 Cr385 Cr385 Cr385 Cr386 Cr386 Cr386 Cr387 Cr
Reserves3,418 Cr6,693 Cr6,561 Cr5,493 Cr-274 Cr-6,373 Cr-6,632 Cr1,610 Cr8,982 Cr6,585 Cr
Borrowings2,396 Cr2,241 Cr2,194 Cr347 Cr2,506 Cr3,897 Cr2,252 Cr1,892 Cr1,800 Cr1,806 Cr
Other liabilities9,035 Cr11,811 Cr15,887 Cr35,877 Cr40,435 Cr48,054 Cr63,164 Cr78,336 Cr1,04,675 Cr1,27,208 Cr
Total liabilities15,210 Cr21,129 Cr25,027 Cr42,101 Cr43,051 Cr45,963 Cr59,170 Cr82,225 Cr1,15,844 Cr1,36,002 Cr
Fixed assets (net)3,747 Cr4,535 Cr5,632 Cr16,746 Cr18,783 Cr21,262 Cr27,648 Cr36,105 Cr51,752 Cr63,141 Cr
CWIP23 Cr29 Cr22 Cr129 Cr66 Cr119 Cr0 Cr0.14 Cr0.70 Cr39 Cr
Investments3,713 Cr6,344 Cr6,517 Cr9,499 Cr7,339 Cr8,106 Cr11,558 Cr16,546 Cr26,093 Cr27,675 Cr
Loans & advances——467 Cr455 Cr129 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories163 Cr183 Cr211 Cr286 Cr316 Cr408 Cr591 Cr625 Cr820 Cr985 Cr
Trade receivables159 Cr226 Cr362 Cr259 Cr219 Cr333 Cr520 Cr643 Cr740 Cr600 Cr
Cash & bank153 Cr671 Cr728 Cr719 Cr509 Cr1,015 Cr1,268 Cr695 Cr1,073 Cr1,324 Cr
Other assets7,251 Cr9,141 Cr11,087 Cr14,007 Cr15,689 Cr14,718 Cr17,585 Cr27,611 Cr35,365 Cr42,239 Cr
Total assets15,210 Cr21,129 Cr25,027 Cr42,101 Cr43,051 Cr45,963 Cr59,170 Cr82,225 Cr1,15,844 Cr1,36,002 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity3,782 Cr3,903 Cr3,176 Cr6,972 Cr-1,614 Cr2,091 Cr12,728 Cr21,218 Cr24,151 Cr23,470 Cr
Cash from investing-3,038 Cr-4,160 Cr-2,536 Cr-4,568 Cr3,197 Cr1,502 Cr-4,059 Cr-11,809 Cr-12,759 Cr-1,952 Cr
Cash from financing-1,401 Cr766 Cr-592 Cr-2,407 Cr-1,775 Cr-3,088 Cr-8,432 Cr-9,979 Cr-11,015 Cr-21,276 Cr
Net cash flow-657 Cr510 Cr47 Cr-4 Cr-210 Cr506 Cr253 Cr-573 Cr377 Cr251 Cr
Free cash flow (OCF − Capex)3,545 Cr2,683 Cr1,464 Cr5,883 Cr-2,051 Cr1,744 Cr12,158 Cr19,196 Cr21,737 Cr21,198 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %40.1%37.2%4.0%26.0%-140.5%——314.3%113.5%44.7%
ROE %43.9%31.7%2.3%-4.0%-5237.7%——409.4%77.5%-34.2%
Debtor days3453553333
Inventory days3333864344
Days payable15161916394421171921
Cash conversion cycle-9-9-11-10-25-34-14-10-12-15
OCF / EBITDA %176.5%132.0%—171.8%—n.m.196.0%130.0%133.7%195.9%
OCF / EBITDA % (3 years)——221.8%206.3%222.1%162.2%187.9%154.3%142.1%148.5%
Debt / equity0.630.320.320.0622.60——0.950.190.26
Current ratio1.972.392.261.371.090.901.101.161.481.51
Net debt / EBITDA1.05——-0.09—5.260.150.070.040.04