AgenciesGeojit has buy call on . with a target price of Rs 2281. The current market price of InterGlobe Aviation is Rs 2052.3. Time period given by analyst is one year when Ltd. price can reach defined target.
InterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 78694.06 Crore) operating in Airlines sector.
InterGlobe Aviation Ltd. key Products/Revenue Segments include Income (Airlines) and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 13018.81 Crore, up 58.62 % from last quarter Total Income of Rs 8207.46 Crore and up 310.66 % from last year same quarter Total Income of Rs 3170.25 Crore. Company reported net profit after tax of Rs -1064.26 Crore in latest quarter.
Investment Rationale
The brokerage continues to maintain positive view on Indigo considering its market leadership position, ability leverage to its network, cost efficient fleet and healthy cash position. Domestic & international traffic is back to pre covid levels. While moderation in fuel prices and stable ticket prices will improve earnings going ahead. It values Indigo at P/E of 17x on FY24E, (6.1x EV/EBITDA) and maintains BUY with a target price of Rs.2,281.
Promoter/FII Holdings
Promoters held 74.77 per cent stake in the company as of 31-Mar-2022, while FIIs owned 19.17 per cent, DIIs 4.01 per cent.
InterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 78694.06 Crore) operating in Airlines sector.
InterGlobe Aviation Ltd. key Products/Revenue Segments include Income (Airlines) and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 13018.81 Crore, up 58.62 % from last quarter Total Income of Rs 8207.46 Crore and up 310.66 % from last year same quarter Total Income of Rs 3170.25 Crore. Company reported net profit after tax of Rs -1064.26 Crore in latest quarter.
Investment Rationale
The brokerage continues to maintain positive view on Indigo considering its market leadership position, ability leverage to its network, cost efficient fleet and healthy cash position. Domestic & international traffic is back to pre covid levels. While moderation in fuel prices and stable ticket prices will improve earnings going ahead. It values Indigo at P/E of 17x on FY24E, (6.1x EV/EBITDA) and maintains BUY with a target price of Rs.2,281.
Promoter/FII Holdings
Promoters held 74.77 per cent stake in the company as of 31-Mar-2022, while FIIs owned 19.17 per cent, DIIs 4.01 per cent.
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