Accumulate InterGlobe Aviation; target of Rs 6048: Asit C Mehta

Asit C Mehta recommended accumulate rating on InterGlobe Aviation with a target price of Rs 6048 in its research report dated April 02 2025.

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April 10, 2025 / 11:47 IST

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Asit C Mehta report on InterGlobe Aviation

InterGlobe Aviation Ltd. (IndiGo) is India’s largest passenger airline, recognized for revolutionizing the country’s air travel industry through affordability, punctuality, and extensive connectivity. Established in 2006, the airline began operations with a clear vision to offer low-cost, hassle-free travel to the masses. Over the years, IndiGo has expanded its footprint both domestically and internationally, becoming a dominant player in the aviation sector. With a focus on operational efficiency, a young and fuelefficient fleet, and a customer-centric approach, the airline has consistently maintained industry-leading performance metrics. IndiGo continues to invest in innovation and fleet expansion, including sustainable aviation initiatives such as exploring fuel-efficient technologies and carbon reduction strategies. As India’s aviation market continues to grow, InterGlobe Aviation is strategically positioned to capture new opportunities, enhance connectivity, and contribute to the modernization of global and regional air travel.

Outlook

We forecast a revenue CAGR of 11.8% over FY24–FY27E, and recommend an ACCUMULATE rating with a target price of INR 6,048, based on 30.6x FY27E EPS of INR 197.6. This valuation reflects IndiGo’s aggressive growth plans, earnings visibility, and its transition toward becoming a global aviation leader.

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