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 1,941,066 - -
Change - -5.07% 85.94% 44.32% -22.87% 27.32% - -
Enterprise Value (EV) 1 962,473 951,211 1,559,586 2,207,408 1,804,669 2,300,692 2,439,249 2,782,414
Change - -1.17% 63.96% 41.54% -18.24% 27.49% 6.02% 14.07%
P/E -12.6x -241x 16.8x 27.3x -63.7x 66.6x 24.6x 19.8x
PBR -13x -11.8x 68.6x 21.1x 21.9x 18.3x 10.5x 6.83x
PEG - 2.5x -0x -2.4x 0x -0x 0x 0.8x
Capitalization / Revenue 2.99x 1.35x 1.99x 2.45x 1.79x 1.92x 1.71x 1.48x
EV / Revenue 3.71x 1.75x 2.26x 2.73x 2.12x 2.28x 2.15x 2.12x
EV / EBITDA 112x 14.6x 9.56x 12.2x 15.1x 13.2x 9.39x 8.88x
EV / EBIT -21.3x 68.3x 15.8x 23.5x 154x 43.4x 22.2x 19.7x
EV / FCF 55.2x 7.82x 7.75x 9.79x 8.29x 11.7x 10.4x 10.4x
FCF Yield 1.81% 12.8% 12.9% 10.2% 12.1% 8.53% 9.61% 9.57%
Dividend per Share 2 - - - 10 - 3.286 8.533 11.92
Rate of return - - - 0.2% - 0.07% 0.17% 0.24%
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 1,010,202 1,135,444 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 80,396 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 5,052.00 5,052.00 5,052.00
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.($)
66.62x2.29x13.31x0.06% 20.58B
11.98x0.87x6.73x1.02% 49.96B
9.37x0.76x6.25x-.--% 33.96B
12.97x1.31x5.88x1.93% 27.38B
8.11x0.79x3.74x2.23% 25.16B
27.97x1.09x5.82x3.67% 16.74B
-51.12x1.6x10.34x-.--% 11.86B
8.14x0.39x3.78x3.85% 10.64B
-482.71x1.62x9.64x-.--% 10.55B
9.69x0.78x4.34x4.23% 9.94B
Average -37.90x 1.15x 6.98x 1.7% 21.68B
Weighted average by Cap. -10.16x 1.10x 6.84x 1.41%

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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