INDIGO.NS

HoldHot Air

InterGlobe Aviation Limited · Industrials · India · $18.5B cap · $33.0M/day traded

INR 4,608.00 +1.3% · close 26 Oct · scored 24 Oct

Hot Air: Rising on momentum alone: weak business, rich price.

46
StockRank
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Report expected 3 Nov: the next-year EPS estimate has been little changed over the last 7 weeks.

Quality
37
Value
42
Momentum
60

As of 24 Oct 2026, MoatMap's StockRank for InterGlobe Aviation Limited (INDIGO.NS) is 46/100, ranked against 24,000+ stocks in 35 markets (Quality 37, Value 42, Momentum 60, each scored against its sector).

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
—
peers 28.1x
ROE
-34.3%
peers 12.3%
D/E
11.1x
peers 0.2x
Dividend %
—
trailing yield

ABOUT INTERGLOBE AVIATION LIMITED

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InterGlobe Aviation Limited, together with its subsidiaries, provides air transportation services under the IndiGo brand in India and internationally.

FINANCIAL SUMMARY (INR)

Year2023202420252026CAGRTTM2027E2028EFwd CAGR
Revenue536.1B673.9B776.2B827.1B15.6%893.0B1.0T1.1T16.7%
EPS (INR)-7.93211.84187.93-61.88-11.3%-124.71———
Shares385.5M386.0M386.4M386.6M+0.3%386.7M———
Debt448.5B512.8B668.1B777.5B20.1%779.7B———
Equity-62.5B20.0B93.7B69.7B86.9%————
Op CF127.3B212.2B241.5B234.7B22.6%235.0B———
Inv CF-40.6B-118.1B-127.6B-19.5B—————
Fin CF-84.3B-99.8B-110.2B-212.8B—————
Loading 1Y...
PRICE (1Y) · INR-7.3%
4,5494,6744,8004,9255,05114 Sep5 Oct26 Oct
SMA 50SMA 200

Price checkNo clear trendExperimental

No clear trend: not near its 52-week low, and not in a steady uptrend.

SwingsAverage

Calmer than 64% of stocks we rank over the past year (34% a year).

How this is worked out

StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.

The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.

In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
INR 4,608.00
RSI (14)
31.3
52-Week Range-22.8% from high
Low INR 3,895.20High INR 5,970.00

SCORE BREAKDOWN

Quality
37
ROIC
4.0%24.6
ROE
-34.3%4.1
GP/Assets
20.3%59.4
Op. Margin
1.5%21.2
FCF/Assets
16.0%95.1
Piotroski
534.2
Int. Cover
0.7x14.5
D/E Ratio
11.13x0.6
Current Ratio
1.51x41.5
Value
42
P/E (TTM)
—N/A
EV/EBITDA
9.6x58.3
P/FCF
8.1x78.7
P/B
25.2x1.5
P/S
2.0x39.0
Div Yield
—N/A
Momentum
60
52W High %
77%59.2
RS 6M
8%71.3
SMA 50/200
1.03x67.3
EPS Rev 4W
-0.3%34.2
EPS Rev 12W
—N/A
EPS Improve
+286%88.8
Q Growth
—N/A

FUNDAMENTALS

Market Cap
$18.5B
P/E (Forward)
19.6x
Gross Margin
31.0%

SECTOR PEERS

Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of INDIGO.NS are excluded.

TickerCompanyMkt CapStockRankSignal
INDIGO.NSInterGlobe Aviation Limited(you)$18.5B46Hold
ABB.NSABB India Limited$13.7B46Hold
SIEMENS.NSSiemens Limited$12.2B45Hold
CGPOWER.NSCG Power and Industrial Solutions Limited$13.5B52Hold
BEL.NSBharat Electronics Limited$27.9B41Hold
CUMMINSIND.NSCummins India Limited$12.7B52Hold
POWERINDIA.NSHitachi Energy India Limited$12.3B54Hold
ADANIPORTS.NSAdani Ports and Special Economic Zone Limited$41.3B48Hold
GVT&D.NSGE Vernova T&D India Limited$10.0B52Hold
GMRAIRPORT.NSGMR Airports Limited$9.6B39Hold

Peer medians: ROE 12.3% · P/E 28.1x · Gross margin 35.6%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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InterGlobe Aviation Limited (INDIGO.NS): Stock Score Summary

InterGlobe Aviation Limited (INDIGO.NS) has a MoatMap StockRank of 46/100 based on Quality (37/100), Value (42/100), and Momentum (60/100) factor scores. The current signal is HOLD.

InterGlobe Aviation Limited, together with its subsidiaries, provides air transportation services under the IndiGo brand in India and internationally.

Key Financial Metrics

PriceINR 4,608.00
Market Cap$18.5B
P/E (Forward)19.63
Price/Book25.22
Return on Equity-34.3%
Return on Invested Capital4.0%
Debt/Equity11.13x
Gross Margin31.0%
Operating Margin1.5%
Revenue Growth19.9%
Free Cash Flow$2.3B

InterGlobe Aviation Limited operates in the Airlines industry, part of the Industrials sector (India).

Frequently Asked Questions

What is InterGlobe Aviation Limited’s (INDIGO.NS) StockRank?
MoatMap’s StockRank for InterGlobe Aviation Limited (INDIGO.NS) is 46/100, with a Hold signal. It is a composite of Quality (37), Value (42), and Momentum (60), each scored against its sector. The composite is then ranked across MoatMap’s universe of 24,000+ stocks.
Does InterGlobe Aviation Limited have an economic moat?
InterGlobe Aviation Limited (INDIGO.NS) has a Quality factor score of 37/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is InterGlobe Aviation Limited a buy, hold, or sell?
MoatMap’s current signal for InterGlobe Aviation Limited (INDIGO.NS) is Hold, based on a StockRank of 46/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is InterGlobe Aviation Limited in?
InterGlobe Aviation Limited (INDIGO.NS) operates in the Industrials sector, specifically the Airlines industry (India).