InterGlobe Aviation Ltd.

Momentum Trap

Check Buy or Sell

1742.00 -56.90 (-3.16%)

New 52W High in past week

1.1M Volume

NSEMar 05, 2021 03:31 PM

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Share

8S
17W
9O
4T
67,043.3

Market Cap

Market Leader

1,409

AVG Broker Target

-19.12% downside

-12.1

TTM PE Ratio

Negative PE Trailing 12M

11.4

Price to Book Ratio

Above industry Median

0.7

Beta 1Year

Very Low volatility



InterGlobe Aviation Ltd.    
24 Feb 2021
1742.00
-3.16%

INTERGLOBE AVIATION LIMITED

buy
by Geojit BNP Paribas
Target: 1804
Geojit BNP Paribas
InterGlobe Aviation Ltd. has gained 38.57% in the last 6 Months
InterGlobe Aviation Ltd.    
29 Jan 2021
1742.00
-3.16%
buy
by BOB Capital Markets Ltd.
Target: 1100 | Upside : 36.9%
BOB Capital Markets Ltd.
INDIGO: Rising fuel costs to burn earnings; cut to SELL. CBK: Earnings beat but asset quality risks persist. RBK: Weak asset quality; elevated provisions maintain SELL. MSIL: Operational performance along expected lines; maintain SELL
InterGlobe Aviation Ltd. is trading above all available SMAs
InterGlobe Aviation Ltd.    
28 Jan 2021
1742.00
-3.16%
buy
by Prabhudas Lilladhar
Target: 1780 | Target met
Prabhudas Lilladhar
We increase IndiGo's FY22/FY23 earnings by 7.5%/ 7.1% and assign Accumulate rating given 1) sustained scale up of operations 2) broad based recovery in domestic demand aided by non-metro cities and 3) improving load factors on the back of rising consumer confidence IndiGo's management remains optimistic about sustainability of demand momentum and expects to operate at 75-80% of LY capacity in 4Q21 while...
Number of FII/FPI investors increased from 439 to 463 in Dec 2020 qtr.
InterGlobe Aviation Ltd.    
28 Jan 2021
1742.00
-3.16%
buy
by BOB Capital Markets Ltd.
Target: 1100 | Upside : 36.9%
BOB Capital Markets Ltd.
InterGlobe Aviation's (IndiGo) Q3FY21 RASK stood at Rs 3.2.
InterGlobe Aviation Ltd. is trading above all available SMAs
InterGlobe Aviation Ltd.    
31 Oct 2020
1742.00
-3.16%
buy
by HDFC Securities
Target: 1350 | Target met
HDFC Securities
Shriram Transport Finance: SHTF's 2Q earnings were ahead of estimates on account of lower-than-expected provisions. The company witnessed a significant and sustained improvement in monthly collection efficiency (reaching ~95% in September). Despite this, we remain cautious on SHTF's asset quality and continue to build in a significant rise in GNPAs in FY21E. We have revised our earnings estimates slightly upwards as we now build in lower (vs. earlier) yet elevated provisions. We maintain ADD with a revised target price of Rs 880 Max Financial: Despite a difficult environment, MAXL delivered an APE growth of 10.4% YoY. A significant share of NPAR savings in the mix drove margin higher by 320/710bps YoY/QoQ to 24.2% in 1HFY21. We expect the margins to moderate in 2H. We expect an FY21-23E APE/VNB CAGR of 12.6/15.4% and have adjusted our estimates to build in higher margins. We retain our ADD rating with a higher target price of Rs 690 (Sep-21E EV + 19.3x Sep-22E VNB less group level expenses and hold-co discount). Orient Cement: Orient Cement (ORCMNT) reported a solid 2QFY21 as it reported strong profitability, sharp working capital and debt reduction. While net sales fell 7% YoY to Rs 4.78bn on weak volumes, EBITDA soared 111% YoY to Rs 1.13bn on solid pricing and continued cost reduction. Thus, ORCMNT's APAT swelled to Rs 348mn vs net loss of Rs 77mn YoY. The company also reduced its working capital requirement, thus bolstering free cash on its books, which it used to reduce its debt by 20% from the Mar-20 level. We...
Number of FII/FPI investors increased from 439 to 463 in Dec 2020 qtr.
InterGlobe Aviation Ltd.    
30 Oct 2020
1742.00
-3.16%
buy
by Motilal Oswal
Target: 1350 | Target met
Motilal Oswal
INDIGO reported better-than-estimated ASK/RPK growth in 2QFY21, while yield was lower than estimates. This resulted in-line revenue for 2QFY21. INDIGO's cash burn reduced to INR250m in 2QFY21 (from ~INR300m as of 30th Jun'20) as the company undertook cost reduction initiatives for leasing, payroll and other costs (like non-aircraft rentals, IT costs, etc.). Relatively smaller increase in supplementary rentals to capacity with further reduction in employee cost and huge forex gain led to beat on our EBITDA est. at INR2.1b. Going forward, employee expenses are likely to increase (it stood at INR6.9b in...
InterGlobe Aviation Ltd. has gained 43.84% in the last 1 Year
InterGlobe Aviation Ltd.    
29 Oct 2020
1742.00
-3.16%
buy
by BOB Capital Markets Ltd.
Target: 1750 | Target met
BOB Capital Markets Ltd.
InterGlobe Aviation's (IndiGo) Q2FY21 RASK was in line at Rs 3.1.
default
InterGlobe Aviation Ltd. is trading above all available SMAs
InterGlobe Aviation Ltd.    
15 Sep 2020
1742.00
-3.16%
buy
by Geojit BNP Paribas
Target: 1465 | Target met
Geojit BNP Paribas
sumption of aircraft operations and likely market share gains. Cost rationalization and healthy cash positions will help to tide over the crisis situation. Replacement of old aircraft with 15% more fuel efficient fleet to benefit in medium term. Management focus expansion of international footprints and deeper penetration into Tier 2-3 cities, to drive growth. Though aircraft operations have re-started, FY21 is expected be a tough...
1 Comment
19 Sep 2020
default
InterGlobe Aviation Ltd. is trading above all available SMAs
InterGlobe Aviation Ltd.    
18 Aug 2020
1742.00
-3.16%
buy
by Motilal Oswal
Target: 1095 | Upside : -37.1%
Motilal Oswal
18 August 2020 According to the recent IMF estimates (Jun20), Indias GDP growth for 2021 is estimated at ~6.0%, higher than the global economic growth of ~5.4% for 2021. INDIGO has highlighted that medium-to long-term growth prospects for the Indian economy remain robust, and the return of normalcy in airline travel Under-penetration of airline travel in India currently Rise in the working-class population Expansion in the middle-income demographic group in the country In FY20, for INDIGO, ASK growth stood at +19% YoY and RPK growth at +18% YoY. initiatives, liquidity enhancement and improvement in the fleet mix. Most of the new aircraft would be financed through an operating lessor model, generating significant liquidity in FY21-FY22. Employee cost was up 47% YoY to INR47b in FY20. The company expects employee cost to be 30% lower v/s pre-COVID-19 levels by the end of FY21 with the undertaken payroll control initiatives.
InterGlobe Aviation Ltd. has gained 43.84% in the last 1 Year
InterGlobe Aviation Ltd.    
29 Jul 2020
1742.00
-3.16%
buy
by Motilal Oswal
Target: 1030 | Target met
Motilal Oswal
Despite higher cash burn of ~INR300m per day, the company was successful in its initiatives to create additional liquidity and thus realized ~35% of its earlier target of INR3040b, leading to free cash reduction of ~INR14b (v/s reported loss of INR28.4b). INDIGO plans to replace CEO aircrafts gradually, as earlier scheduled, by the end of Dec22; hence we build ASK of 85.8b for FY22 (-11% to FY20 For FY22E, we assume sentiment would improve from 3QFY22, resulting in the normalization of PLF at ~75% (although, expected PLF remains low at 75% for the full-year FY22 v/s average PLF of ~86% over FY1620). To note, the fare bands were recently further extended till the end of Nov20, and the permanent enforcement of fare bands could be a huge dampener on the Aviation industry as a whole, weakening sentiment for the regulated We have built-in a crude price forecast of USD40/bbl / USD50/bbl for INDIGOs fuel cost constitutes ~35% of the total cost (in FY20), and according to our EPS sensitivity, aircraft fuel savings of even 10% would translate into an EPS change of ~14% for INDIGO in FY22.
InterGlobe Aviation Ltd. has gained 43.84% in the last 1 Year