Financials InterGlobe Aviation Limited

Equities

INDIGO

INE646L01027

Airlines

Market Closed - NSE India S.E. Other stock markets 05:19:37 06/12/2024 pm IST			5-day change	1st Jan Change
4,469.20 ^INR	+2.30%		+2.06%	+50.63%

11:39am	India's M&M renames electric car amid aviation giant IndiGo's trademark challenge	RE
03/12	India's Mahindra, IndiGo fight over use of '6E' branding	RE

Projected Income Statement: InterGlobe Aviation Limited

income-statement-evolution-chart INTERGLOBE-AVIATION-LIMIT

Fiscal Period: Marzo	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	3,57,560	1,46,406	2,59,309	5,44,465	6,89,043	7,79,630	8,87,485	10,06,881
Change	-	-59.05%	77.12%	109.97%	26.55%	13.15%	13.83%	13.45%
EBITDA ¹	45,550	2,669	8,590	64,954	1,63,176	1,75,933	2,09,314	2,45,890
Change	-	-94.14%	221.91%	656.14%	151.22%	7.82%	18.97%	17.47%
EBIT ¹	846.9	-47,131	-45,213	13,924	98,918	91,918	1,17,539	1,40,958
Change	-	-	-4.07%	-	610.43%	-7.08%	27.87%	19.92%
Interest Paid ¹	-18,759	-21,420	-23,580	-31,317	-41,694	-48,863	-53,288	-56,834
Earnings before Tax (EBT) ¹	-2,557	-58,181	-61,537	-3,044	80,493	72,610	94,810	1,20,924
Change	-	2,175.63%	5.77%	-95.05%	-	-9.79%	30.57%	27.54%
Net income ¹	-2,337	-58,064	-61,618	-3,058	81,725	68,640	86,706	1,00,305
Change	-	2,384.8%	6.12%	-95.04%	-	-16.01%	26.32%	15.68%
Announcement Date	02/06/20	05/06/21	25/05/22	18/05/23	23/05/24	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	94,201	81,052	99,317	82,991	7,667	27,410	49,100	62,229	30,069	56,085	92,948	80,207	1,28,553	1,24,976	1,49,330	1,41,606	1,66,831	1,49,439	1,94,521	1,78,253	1,95,707	1,69,447	2,18,038	2,04,504	2,21,698	1,96,018
Change	-	-13.96%	22.53%	-16.44%	-90.76%	257.48%	79.13%	26.74%	-51.68%	86.52%	65.73%	-13.71%	60.28%	-2.78%	19.49%	-5.17%	17.81%	-10.42%	30.17%	-8.36%	9.79%	-13.42%	28.68%	-6.21%	8.41%	-11.58%
EBITDA ¹	26,564	2,564	-	-	-	-	9,871	6,177	-	2,559	19,105	1,052	6,639	757.1	31,878	27,517	-	22,003	51,493	39,935	51,592	24,083	61,600	62,200	-	-
Change	-	-90.35%	-100%	-	-	-	-	-37.42%	-100%	-	646.64%	-94.49%	531.15%	-88.6%	4,110.54%	-13.68%	-100%	-	134.03%	-22.45%	29.19%	-53.32%	155.78%	0.97%	-100%	-
EBIT ¹	-	-	-	-	-	-9,206	-3,144	-	-27,820	-10,571	5,494	-12,316	-5,712	-12,104	17,754	13,985	35,667	6,513	34,836	21,903	32,834	336.3	38,209	25,938	36,723	1,941
Change	-	-	-	-	-	-	-65.84%	-100%	-	-62%	-	-	-53.62%	111.92%	-	-21.23%	155.03%	-81.74%	434.86%	-37.13%	49.91%	-98.98%	11,260.72%	-32.12%	41.58%	-94.72%
Charge d'intérêts	-	-	-	-	-	-	-	-5,282	-	-	-	-	-	-	-8,293	-9,182	-9,537	-	-10,952	-10,991	-11,576	-11,794	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	-	-	-11,949	-6,231	-	-31,742	-14,357	-	-	-10,642	-15,833	14,233	9,198	30,907	1,891	29,985	17,710	28,040	69.67	-	-	-	-
Change	-	-	-	-	-	-	-47.85%	-100%	-	-54.77%	-100%	-	-	48.77%	-	-35.37%	236.01%	-93.88%	1,485.68%	-40.94%	58.33%	-99.75%	-100%	-	-	-
Net income ¹	-	-	4,960	-	-28,443	-11,948	-6,201	-11,472	-31,742	-14,357	-	-	-10,643	-15,833	14,226	9,192	30,906	1,889	29,981	18,948	27,288	74	-	-	-	-
Change	-	-	-	-100%	-	-57.99%	-48.1%	84.98%	176.7%	-54.77%	-100%	-	-	48.77%	-	-35.39%	236.23%	-93.89%	1,486.9%	-36.8%	44.01%	-99.73%	-100%	-	-	-
Announcement Date	19/07/19	24/10/19	27/01/20	02/06/20	29/07/20	29/10/20	28/01/21	05/06/21	27/07/21	28/10/21	04/02/22	25/05/22	03/08/22	04/11/22	03/02/23	18/05/23	02/08/23	03/11/23	02/02/24	23/05/24	26/07/24	-	-	-	-	-

¹INR in Million

Estimates

Forecast Balance Sheet: InterGlobe Aviation Limited

balance-sheet-analysis-chart INTERGLOBE-AVIATION-LIMIT

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-2,00,250	1,06,733	1,86,512	2,14,565	1,89,883	99,362	77,298	-4,694
Change	-	-46.7%	74.75%	15.04%	-11.5%	-47.67%	-22.21%	-106.07%
Announcement Date	02/06/20	05/06/21	25/05/22	18/05/23	23/05/24	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: InterGlobe Aviation Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	10,883	4,369	3,469	5,698	11,026	71,571	77,618	14,904
Change	-	-59.86%	-20.6%	64.26%	93.51%	549.08%	8.45%	-80.8%
Free Cash Flow (FCF) ¹	58,835	-20,510	17,437	1,21,581	2,01,149	97,793	1,49,989	1,69,127
Change	-	-134.86%	-185.02%	597.26%	65.44%	-51.38%	53.37%	12.76%
Announcement Date	02/06/20	05/06/21	25/05/22	18/05/23	23/05/24	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: InterGlobe Aviation Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	12.74%	1.82%	3.31%	11.93%	23.68%	22.57%	23.59%	24.42%
EBIT Margin (%)	0.24%	-32.19%	-17.44%	2.56%	14.36%	11.79%	13.24%	14%
EBT Margin (%)	-0.72%	-39.74%	-23.73%	-0.56%	11.68%	9.31%	10.68%	12.01%
Net margin (%)	-0.65%	-39.66%	-23.76%	-0.56%	11.86%	8.8%	9.77%	9.96%
FCF margin (%)	16.45%	-14.01%	6.72%	22.33%	29.19%	12.54%	16.9%	16.8%
FCF / Net Income (%)	-2,517.77%	35.32%	-28.3%	-3,975.99%	246.13%	142.47%	172.99%	168.61%
Profitability
ROA	3.04%	-13.64%	-13.84%	-0.58%	11.56%	8%	8%	8%
ROE	-3.64%	-193.91%	-	-	-	126.76%	66.54%	44.95%
Financial Health
Leverage (Debt/EBITDA)	-	40x	21.71x	3.3x	1.16x	0.56x	0.37x	-
Debt / Free cash flow	-	-5.2x	10.7x	1.76x	0.94x	1.02x	0.52x	-
Capital Intensity
CAPEX / Current Assets (%)	3.04%	2.98%	1.34%	1.05%	1.6%	9.18%	8.75%	1.48%
CAPEX / EBITDA (%)	23.89%	163.72%	40.38%	8.77%	6.76%	40.68%	37.08%	6.06%
CAPEX / FCF (%)	18.5%	-21.3%	19.89%	4.69%	5.48%	73.19%	51.75%	8.81%
Items per share
Cash flow per share ¹	181.1	-41.94	54.29	330.1	549.7	411.8	473.8	561.2
Change	-	-123.16%	-229.45%	508.1%	66.51%	-25.08%	15.05%	18.45%
Dividend per Share ¹	-	-	-	-	-	18.34	22.63	24.48
Change	-	-	-	-	-	-	23.39%	8.17%
Book Value Per Share ¹	152.8	2.88	-155.4	-162	51.72	220.2	423.7	640.6
Change	-	-98.11%	-5,496.91%	4.24%	-131.92%	325.66%	92.44%	51.19%
EPS ¹	-6.07	-150.9	-160	-7.93	211.6	177.7	222.1	253.8
Change	-	2,385.83%	6.04%	-95.04%	-2,768.47%	-16.03%	24.98%	14.29%
Nbr of stocks (in thousands)	3,84,796	3,84,864	3,85,255	3,85,547	3,85,979	3,86,385	3,86,385	3,86,385
Announcement Date	02/06/20	05/06/21	25/05/22	18/05/23	23/05/24	-	-	-