Company Valuation: InterGlobe Aviation Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 775,961 736,646 1,369,703 1,976,687 1,524,608 1,997,520 - -
Change - -5.07% 85.94% 44.32% -22.87% 31.02% - -
Enterprise Value (EV) 1 962,473 951,211 1,559,586 2,207,408 1,804,669 2,357,145 2,495,702 2,838,867
Change - -1.17% 63.96% 41.54% -18.24% 30.61% 5.88% 13.75%
P/E -12.6x -241x 16.8x 27.3x -63.7x 68.1x 25.1x 20.3x
PBR -13x -11.8x 68.6x 21.1x 21.9x 18.5x 10.6x 6.98x
PEG - 2.5x -0x -2.4x 0x -0x 0x 0.8x
Capitalization / Revenue 2.99x 1.35x 1.99x 2.45x 1.79x 1.98x 1.76x 1.52x
EV / Revenue 3.71x 1.75x 2.26x 2.73x 2.12x 2.33x 2.2x 2.16x
EV / EBITDA 112x 14.6x 9.56x 12.2x 15.1x 13.6x 9.6x 9.06x
EV / EBIT -21.3x 68.3x 15.8x 23.5x 154x 44.4x 22.7x 20.1x
EV / FCF 55.2x 7.82x 7.75x 9.79x 8.29x 12x 10.6x 10.7x
FCF Yield 1.81% 12.8% 12.9% 10.2% 12.1% 8.32% 9.39% 9.38%
Dividend per Share 2 - - - 10 - 3.286 8.533 11.92
Rate of return - - - 0.2% - 0.06% 0.17% 0.23%
EPS 2 -160 -7.93 211.6 187.7 -61.88 75.83 205.4 255.1
Distribution rate - - - 5.33% - 4.33% 4.15% 4.67%
Net sales 1 259,309 544,465 689,043 808,029 849,619 1,010,718 1,135,615 1,312,607
EBITDA 1 8,590 64,954 163,176 180,583 119,834 173,728 259,841 313,360
EBIT 1 -45,213 13,924 98,918 93,781 11,752 53,043 109,709 141,488
Net income 1 -61,618 -3,058 81,725 72,584 -23,919 29,619 79,555 96,649
Net Debt 1 186,512 214,565 189,883 230,721 280,061 359,625 498,183 841,348
Reference price 2 2,014.15 1,910.65 3,548.65 5,115.35 3,943.50 5,166.00 5,166.00 5,166.00
Nbr of stocks (in thousands) 385,255 385,547 385,979 386,423 386,613 386,667 - -
Announcement Date 5/25/22 5/18/23 5/23/24 5/21/25 5/29/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
68.12x2.33x13.57x0.06% 20.9B
12.56x0.9x6.98x0.97% 52.37B
9.9x0.79x6.49x-.--% 35.9B
13.42x1.36x6.11x1.86% 28.36B
8.42x0.82x3.85x2.14% 26.17B
28.51x1.11x5.92x3.6% 17.04B
-11.5x1.59x11.77x-.--% 16.23B
10.87x1.15x4.78x3.21% 14.66B
-47.81x1.55x9.76x-.--% 12.08B
8.52x0.97x4.81x5.69% 11.4B
Average 10.10x 1.26x 7.40x 1.75% 23.51B
Weighted average by Cap. 12.83x 1.17x 7.19x 1.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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