Afcom Holdings Ltd · 544224
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₹40 Cr
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₹50 Cr
₹100 Cr
₹119 Cr
₹121 Cr
₹153 Cr
₹190 Cr
₹176 Cr
20-quarter listed-company comparison
Air Transport Service Stocks in India
Air Transport Service: Interglobe Aviation Ltd owns the largest revenue base; Afcom Holdings Ltd has the fastest current growth.
The 4 Air Transport Service companies listed in India are Interglobe Aviation Ltd (₹1.9 L Cr, the largest), Afcom Holdings Ltd, TAAL Tech Ltd and 1 more. 3 of 4 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.
01 · the index people search for
Nifty Air Transport Service Index — Constituents & Performance
All 4 listed Indian Air Transport Service companies are named here, largest first — the same constituent set people search for as the Nifty Air Transport Service index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.
- Interglobe Aviation Ltd₹1.9 L Cr
- Afcom Holdings Ltd₹4.5K Cr
- TAAL Tech Ltd₹1.7K Cr
- SpiceJet Ltd₹1.3K Cr
02 · the sector itself · before any single company
How has Air Transport Service moved against NIFTY 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 52% ahead of NIFTY 500. Earnings across its companies fell 33% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 16 weeks running.
LEADER · ahead 16w⚠Price up, without the fundamentals confirming3 of 4 companies ahead of NIFTY 500 by 5% or more over three months
RS ↑16w · 3/4 >200d (+0) · 3/4 lead (+0) · EPS 1/3↑
Air Transport Service, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Air Transport Service, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Air Transport Service, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 4 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
03 · sector relative strength, before individual stocks
Is Air Transport Service outperforming NIFTY 500?
Air Transport Service has underperformed NIFTY 500 by 13.5% over the last 52 weeks. Over 13 weeks the gap is a lead of 22%. 3 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Afcom Holdings Ltd is the strongest against the sector itself at +24.8%. Readings are as of 2026-08-22.
+22.0%Sector vs NIFTY 500 · 13 weeks
-13.5%Sector vs NIFTY 500 · 52 weeks
3/4Stocks leading NIFTY 500
3/4Stocks leading sector
Sector metric: 39.9 as of 2026-08-22 · NARROWING · rising.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Air Transport Service has underperformed NIFTY 500 by 13.5% over 52 weeks and 22% over 13 weeks. 3 of 4 covered companies beat NIFTY on Mansfield relative strength, while 3 of 4 beat the sector itself. Interglobe Aviation Ltd leads with revenue of ₹89,049 crore, based on 4 of 4 comparable companies through Jun 2026.
Companies
4
complete canonical membership
Combined market value
₹2.0 L Cr
Interglobe Aviation Ltd
Revenue growing
3/4
positive TTM year-on-year growth
Beating NIFTY 500
3/4
positive Mansfield relative strength
Comparing 4 of 4
04 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Afcom Holdings Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 62.1% evidence confidence.
Interglobe Aviation Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Afcom Holdings Ltd544224 | 70.1/100Favorable setup62% evidence | BREAKING OUT | 21.1/35 Revenue 100% · PAT 100% · OPM change 0 pp 83% evidence | 22.0/25 ROCE 33.5% · OPM 40% 76% evidence | 10.0/20 P/E 30.4× · PEG — 0% evidence | 17.0/20 RS sector 24.8% · RS bench 58.1% · 1Y 67.4%11 of 11 weeks ahead 70% evidence |
| Exact sum: 21.1 + 22 + 10 + 17 = 70.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2TAAL Tech LtdTAALTECH | 63.5/100Mixed-positive evidence78% evidence | BREAKING OUT | 19.4/35 Revenue 18.6% · PAT 19.2% · OPM change 1 pp 95% evidence | 19.6/25 ROCE 27.5% · OPM 34% 95% evidence | 7.5/20 P/E 27× · PEG — 35% evidence | 17.0/20 RS sector 21.4% · RS bench 65.7% · 1Y 72%10 of 10 weeks ahead 70% evidence |
| Exact sum: 19.4 + 19.6 + 7.5 + 17 = 63.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3SpiceJet LtdSPICEJET | 40.3/100Thin evidence · provisional54% evidence | ASLEEP | 16.0/35 Revenue -14.5% · PAT -80% · OPM change 2 pp 53% evidence | 13.9/25 ROCE 29.4% · OPM -13% 57% evidence | 7.4/20 P/E — · PEG — 35% evidence | 3.0/20 RS sector -52.2% · RS bench -56.4% · 1Y -75.2%1 of 10 weeks ahead 70% evidence |
| Exact sum: 16 + 13.9 + 7.4 + 3 = 40.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 4Interglobe Aviation LtdINDIGO | 31.4/100Adverse evidence74% evidence | BREAKING OUT | 3.7/35 Revenue 9% · PAT -80% · OPM change -13 pp 100% evidence | 2.9/25 ROCE 5.2% · OPM 13% 100% evidence | 10.0/20 P/E — · PEG — 0% evidence | 14.8/20 RS sector 16.9% · RS bench 0.6% · 1Y -12.3%10 of 10 weeks ahead 70% evidence |
| Exact sum: 3.7 + 2.9 + 10 + 14.8 = 31.4 · Decision use: Price leads the evidence: RS versus the benchmark is 0.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
05 · what price has already done
Market action
TAAL Tech Ltd has the strongest one-year price move in Air Transport Service at +72%. It also leads on Mansfield relative strength against NIFTY at +65.7%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.
Price and relative strength
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Air Transport Service itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
06 · the story behind the numbers
Air Transport Service — the story behind the numbers
This is the written read behind the Air Transport Service figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 3 themes are live here.
The Air Transport Service sector analysis for the week ending 2026-07-19 covers 1 constituent, TAALTECH. The single data point reveals a company experiencing significant profit growth despite a guarded management tone. TAALTECH reported consolidated revenues of ₹60.94 cr for Q4 FY26, marking a 26.3% increase year-on-year and a 19.3% rise quarter-on-quarter.
How old this read is: This read comes from our Air Transport Service sector brief dated 28 Jul 2026 — 51 days old. The numbers above it are newer than the words here.
What is live in this sector right now
| Live theme | Severity | Evidence on file |
|---|---|---|
| TAALTECH faces sector-specific headwinds from fluctuating fuel prices which could impact operating margins.Named for TAALTECH | medium | No further detail is on file for this theme. |
| Company operates under a Non-Scheduled Operators Permit with ongoing regulatory pressures affecting charter operations licensing.Named for TAALTECH | medium | No further detail is on file for this theme. |
| Employee costs rose to ₹31.81 crores from ₹29.42 crores quarter-on-quarter in Q4 FY26.Named for TAALTECH | low | Employee costs remained well-controlled as a percentage of revenue |
Sources: our Air Transport Service sector brief, 28 Jul 2026.
07 · compare level, then change
Revenue Scale & Growth Durability
Interglobe Aviation Ltd has the highest Revenue among the 4 Air Transport Service companies compared here, at ₹89,049 crore. SpiceJet Ltd is next at ₹4,786 crore. Afcom Holdings Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Interglobe Aviation Ltd is the scale leader at ₹89,049 crore, 18.6× the revenue of SpiceJet Ltd. Afcom Holdings Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 107.1% from a ₹640 crore base, with 8 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderInterglobe Aviation Ltd · ₹89,049 crore
Gap18.6× versus #2 · SpiceJet Ltd
Persistence8/8 recent comparable periods
Coverage4/4 companies · 56 observations
Investor read: Interglobe Aviation Ltd is the scale benchmark; Afcom Holdings Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Interglobe Aviation Ltd's growth falls below Afcom Holdings Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
Revenue growthfastest growers
Revenue · company comparison
4/4 level · 4/4 change
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Interglobe Aviation Ltd INDIGO | ₹24.6K Cr | 20% | Jun 2026 |
| SpiceJet Ltd SPICEJET | ₹1.4K Cr | 14% | Dec 2025 |
| Afcom Holdings Ltd 544224 | ₹176 Cr | 48% | Jun 2026 |
| TAAL Tech Ltd TAALTECH⚠ unverified | ₹65 Cr | 41% | Jun 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Interglobe Aviation Ltd · INDIGO
₹5.6K Cr
₹9.3K Cr
₹8.0K Cr
₹12.9K Cr
₹12.5K Cr
₹14.9K Cr
₹14.2K Cr
₹16.7K Cr
₹14.9K Cr
₹19.5K Cr
₹17.8K Cr
₹19.6K Cr
₹17.0K Cr
₹22.1K Cr
₹22.2K Cr
₹20.5K Cr
₹18.6K Cr
₹23.5K Cr
₹22.4K Cr
₹24.6K Cr
SpiceJet Ltd · SPICEJET
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₹2.3K Cr
₹2.1K Cr
₹2.0K Cr
₹1.4K Cr
₹1.9K Cr
₹1.7K Cr
₹1.7K Cr
₹915 Cr
₹1.2K Cr
₹1.5K Cr
₹1.1K Cr
₹792 Cr
₹1.4K Cr
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—
TAAL Tech Ltd · TAALTECH⚠ unverified
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₹41 Cr
₹44 Cr
₹48 Cr
₹48 Cr
₹44 Cr
₹46 Cr
₹48 Cr
₹49 Cr
₹43 Cr
₹45 Cr
₹46 Cr
₹49 Cr
₹46 Cr
₹57 Cr
₹65 Cr
Revenue growth · reported quarter history
Afcom Holdings Ltd · 544224
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—
198%
—
206%
90%
48%
Interglobe Aviation Ltd · INDIGO
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—
—
328%
123%
61%
77%
30%
20%
30%
26%
17%
14%
14%
24%
4.7%
9.3%
6.2%
1.3%
20%
SpiceJet Ltd · SPICEJET
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—
—
—
—
—
—
—
-17%
-19%
-15%
-36%
-35%
-16%
-34%
-13%
14%
—
—
TAAL Tech Ltd · TAALTECH⚠ unverified
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—
—
—
—
—
—
—
—
7.3%
4.6%
0.0%
2.1%
-2.3%
-2.2%
-4.2%
0.0%
7.0%
27%
41%
08 · compare level, then change
Operating Economics & Margin Trend
Afcom Holdings Ltd has the highest OPM among the 4 Air Transport Service companies compared here, at 40%. TAAL Tech Ltd is next at 34%. SpiceJet Ltd has the highest Margin change at +2 percentage points, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Afcom Holdings Ltd leads opm at 40%; SpiceJet Ltd leads margin change at +2 percentage points.
LeaderAfcom Holdings Ltd · 40%
Gap17.6% versus #2 · TAAL Tech Ltd
Persistence5/7 recent comparable periods
Coverage4/4 companies · 69 observations
Investor read: Afcom Holdings Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
Margin changefastest expanders
Operating margin · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Afcom Holdings Ltd 544224 | 40% | 0.0 pp | Jun 2026 |
| TAAL Tech Ltd TAALTECH⚠ unverified | 34% | +1.0 pp | Jun 2026 |
| Interglobe Aviation Ltd INDIGO | 13% | −13.0 pp | Jun 2026 |
| SpiceJet Ltd SPICEJET | -13% | +2.0 pp | Dec 2025 |
Full 20-quarter history · every available company
OPM · reported quarter history
Afcom Holdings Ltd · 544224
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—
—
—
—
—
—
—
23%
—
25%
3.6%
29%
27%
47%
40%
32%
43%
38%
40%
Interglobe Aviation Ltd · INDIGO
3.4%
19%
0.5%
4.7%
0.2%
21%
19%
30%
15%
26%
22%
26%
10%
23%
27%
26%
3.1%
23%
3.6%
13%
SpiceJet Ltd · SPICEJET
-22%
5.2%
-17%
-16%
-28%
-2.0%
-0.7%
13%
-31%
-12%
-14%
2.9%
-41%
-15%
5.0%
-7.0%
-55%
-13%
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TAAL Tech Ltd · TAALTECH⚠ unverified
28%
29%
37%
31%
27%
33%
19%
27%
26%
21%
27%
29%
35%
31%
32%
33%
31%
24%
31%
34%
Margin change · reported quarter history
Afcom Holdings Ltd · 544224
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—
—
+6.4 pp
—
+21.6 pp
+36.4 pp
+2.6 pp
+16.0 pp
−9.0 pp
0.0 pp
Interglobe Aviation Ltd · INDIGO
−4.1 pp
+2.0 pp
−8.4 pp
+53.4 pp
−3.2 pp
+1.8 pp
+18.5 pp
+25.3 pp
+14.8 pp
+5.0 pp
+3.0 pp
−4.0 pp
−5.0 pp
−3.0 pp
+5.0 pp
0.0 pp
−6.9 pp
0.0 pp
−23.4 pp
−13.0 pp
SpiceJet Ltd · SPICEJET
−42.6 pp
−9.3 pp
−12.9 pp
+21.0 pp
−6.0 pp
−7.2 pp
+16.3 pp
+28.9 pp
−2.6 pp
−10.0 pp
−13.3 pp
−10.1 pp
−10.0 pp
−3.0 pp
+19.0 pp
−9.9 pp
−14.0 pp
+2.0 pp
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TAAL Tech Ltd · TAALTECH⚠ unverified
+13.0 pp
+3.6 pp
+17.9 pp
+1.2 pp
−1.6 pp
+3.9 pp
−17.6 pp
−4.4 pp
−0.7 pp
−12.0 pp
+8.0 pp
+2.0 pp
+9.0 pp
+10.0 pp
+5.0 pp
+4.0 pp
−4.0 pp
−7.0 pp
−1.0 pp
+1.0 pp
09 · compare level, then change
Profit Scale & Acceleration
Afcom Holdings Ltd has the highest Net profit among the 4 Air Transport Service companies compared here, at ₹146 crore. TAAL Tech Ltd is next at ₹62 crore. The same company also holds the highest Profit growth, at the 100% top of the scoring scale. 4 of 4 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Afcom Holdings Ltd leads with ₹146 crore of TTM profit, 135.5% above TAAL Tech Ltd. Afcom Holdings Ltd shows ≥100% on the scoring scale (156.1% uncapped) growth from a ₹146 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderAfcom Holdings Ltd · ₹146 crore
Gap135.5% versus #2 · TAAL Tech Ltd
Persistence4/4 recent comparable periods
Coverage4/4 companies · 56 observations
Investor read: Afcom Holdings Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
Profit growthfastest growers
Net profit · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Afcom Holdings Ltd 544224 | ₹39 Cr | 86% | Jun 2026 |
| TAAL Tech Ltd TAALTECH⚠ unverified | ₹19 Cr | 36% | Jun 2026 |
| Interglobe Aviation Ltd INDIGO | ₹-238 Cr | -111% | Jun 2026 |
| SpiceJet Ltd SPICEJET | ₹-262 Cr | -1,410% | Dec 2025 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Afcom Holdings Ltd · 544224
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—
—
—
—
—
—
—
—
—
₹1 Cr
—
₹9 Cr
₹26 Cr
₹21 Cr
₹28 Cr
₹34 Cr
₹45 Cr
₹39 Cr
Interglobe Aviation Ltd · INDIGO
₹-1.4K Cr
₹130 Cr
₹-1.7K Cr
₹-1.1K Cr
₹-1.6K Cr
₹1.4K Cr
₹919 Cr
₹3.1K Cr
₹189 Cr
₹3.0K Cr
₹1.9K Cr
₹2.7K Cr
₹-987 Cr
₹2.4K Cr
₹3.1K Cr
₹2.2K Cr
₹-2.6K Cr
₹549 Cr
₹-2.5K Cr
₹-238 Cr
SpiceJet Ltd · SPICEJET
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—
—
—
—
₹110 Cr
₹-6 Cr
₹198 Cr
₹-449 Cr
₹-299 Cr
₹127 Cr
₹158 Cr
₹-458 Cr
₹20 Cr
₹342 Cr
₹-234 Cr
₹-621 Cr
₹-262 Cr
—
—
TAAL Tech Ltd · TAALTECH⚠ unverified
—
—
—
—
—
₹11 Cr
₹7 Cr
₹9 Cr
₹11 Cr
₹8 Cr
₹10 Cr
₹11 Cr
₹15 Cr
₹11 Cr
₹12 Cr
₹14 Cr
₹14 Cr
₹12 Cr
₹17 Cr
₹19 Cr
Profit growth · reported quarter history
Afcom Holdings Ltd · 544224
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—
—
—
—
—
—
—
—
—
—
—
—
—
—
2,000%
—
278%
73%
86%
Interglobe Aviation Ltd · INDIGO
—
—
—
—
—
995%
—
—
—
111%
106%
-12%
-622%
-18%
62%
-20%
—
-78%
-183%
-111%
SpiceJet Ltd · SPICEJET
—
—
—
—
—
—
—
—
—
-372%
—
-20%
—
—
169%
-248%
—
-1,410%
—
—
TAAL Tech Ltd · TAALTECH⚠ unverified
—
—
—
—
—
—
—
—
—
-27%
43%
22%
36%
38%
20%
27%
-6.7%
9.1%
42%
36%
10 · compare level, then change
Return On Capital Employed
Afcom Holdings Ltd has the highest ROCE among the 4 Air Transport Service companies compared here, at 33.5%. SpiceJet Ltd is next at 29.4%. SpiceJet Ltd has the highest ROCE change at +23 percentage points, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Afcom Holdings Ltd leads ROCE at 33.5%, 4.1 percentage points above SpiceJet Ltd. SpiceJet Ltd has the strongest latest improvement at +23 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderAfcom Holdings Ltd · 33.5%
Gap13.9% versus #2 · SpiceJet Ltd
PersistenceNot enough history
Coverage4/4 companies · 31 observations
Investor read: Afcom Holdings Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
ROCE changefastest improvers
Return on capital · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| TAAL Tech Ltd TAALTECH⚠ unverified | 23% | −3.3 pp | Jun 2026 |
| Interglobe Aviation Ltd INDIGO | 1.7% | −17.0 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Interglobe Aviation Ltd · INDIGO
-22%
—
-15%
—
3.1%
—
12%
—
19%
33%
21%
28%
15%
21%
14%
19%
13%
12%
10%
1.7%
TAAL Tech Ltd · TAALTECH⚠ unverified
29%
—
39%
—
38%
—
30%
—
28%
36%
25%
36%
25%
38%
26%
38%
24%
34%
23%
—
ROCE change · reported quarter history
Interglobe Aviation Ltd · INDIGO
—
—
—
—
+24.8 pp
—
+27.5 pp
—
+16.2 pp
—
+8.4 pp
—
−4.6 pp
−11.8 pp
−7.3 pp
−9.3 pp
−1.6 pp
−8.6 pp
−3.1 pp
−17.0 pp
TAAL Tech Ltd · TAALTECH⚠ unverified
—
—
—
—
+9.3 pp
—
−9.5 pp
—
−9.8 pp
—
−5.0 pp
—
−2.9 pp
+1.6 pp
+1.4 pp
+1.3 pp
−1.7 pp
−3.6 pp
−3.3 pp
—
11 · compare level, then change
Valuation Against Growth & Quality
No company in this Air Transport Service comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, TAAL Tech Ltd is lowest at 27×, across 2 of 4 companies with a usable reading. PEG asks what price is being paid for growth; P/E keeps that answer anchored to the actual earnings multiple.
What the numbers say: There is not enough comparable evidence to name a reliable peg leader.
LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/4 companies · 0 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
—Not enough comparable data—
Valuation · company comparison
0/4 level · 2/4 change
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Afcom Holdings Ltd 544224 | — | 36.4 | Jun 2026 |
| Interglobe Aviation Ltd INDIGO | — | 37.4 | Jun 2026 |
| TAAL Tech Ltd TAALTECH⚠ unverified | — | 17.8 | Jun 2026 |
| SpiceJet Ltd SPICEJET | — | 36.9 | Dec 2025 |
Full 20-quarter history · every available company
No consistent historical series is available for peg.
P/E · reported quarter history
Afcom Holdings Ltd · 544224
—
—
—
—
—
—
—
—
—
—
—
—
34.0
57.6
46.4
46.3
46.1
25.7
20.3
36.4
Interglobe Aviation Ltd · INDIGO
—
-13.8
—
—
—
-26.6
-240.9
26.3
23.9
20.4
19.0
20.0
24.4
27.2
32.5
30.9
32.0
38.4
34.5
37.4
SpiceJet Ltd · SPICEJET
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—
—
—
—
—
—
—
—
—
—
—
—
—
—
40.3
36.9
—
—
—
TAAL Tech Ltd · TAALTECH⚠ unverified
8.8
16.3
16.1
15.0
15.6
15.9
16.2
17.9
19.7
26.4
24.0
23.9
22.8
20.8
17.2
22.4
17.2
17.4
16.7
17.8
12 · before the conclusion, check the blind spots
What can make this comparison misleading?
This Air Transport Service comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 4 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 1 draws at least one figure from a second feed with too little overlap to cross-check.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
- Thin comparisons: Valuation have fewer than three usable current readings.
13 · evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 4 Air Transport Service companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-11. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-09-11 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing1 cross-checked · 3 unverified · 0 withheld, of 4 graded companies.
How a second data feed is admitted, and what happens when it disagrees
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.
14 · questions investors ask, short speakable answers
Air Transport Service company comparison FAQs
These 21 answers restate the Air Transport Service comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-11. Nothing here is estimated, and none of it is a recommendation.
Is the Air Transport Service sector outperforming NIFTY 500?
Air Transport Service has underperformed NIFTY 500 by 13.5% over 52 weeks and 22% over 13 weeks. 3 of 4 covered companies beat NIFTY on Mansfield relative strength, while 3 of 4 beat the sector itself.
Which Air Transport Service company is largest by revenue?
Interglobe Aviation Ltd leads with revenue of ₹89,049 crore, based on 4 of 4 comparable companies through Jun 2026.
Which Air Transport Service company is growing fastest?
Afcom Holdings Ltd has the fastest current revenue growth at 100%, across 4 of 4 comparable companies.
Which Air Transport Service company has the strongest 4-Factor Sector Score?
Afcom Holdings Ltd ranks first at 70.1/100 with 62.1% evidence confidence. The score prioritizes research; it is not a buy recommendation.
How much history does this Air Transport Service comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Is there a Nifty Air Transport Service index?
NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Air Transport Service, this page builds its own equal-weight basket of 4 listed Air Transport Service companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.
Which are the best Air Transport Service stocks in India?
Ranked by this page's four-factor score, Afcom Holdings Ltd places first among 4 listed Air Transport Service companies, followed by TAAL Tech Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Air Transport Service stocks are listed in India?
This comparison covers 4 listed Air Transport Service companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Air Transport Service company is the biggest?
Interglobe Aviation Ltd is the largest, with trailing-twelve-month revenue of ₹89,049 crore, ahead of SpiceJet Ltd at ₹4,786 crore. That covers 4 of 4 companies with comparable reporting through Jun 2026.
Which Air Transport Service company has the best profit margins?
Afcom Holdings Ltd has the highest operating margin at 40%, from 4 of 4 comparable companies. SpiceJet Ltd shows the biggest recent improvement, at +2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Air Transport Service company makes the most profit?
Afcom Holdings Ltd earns the most, at ₹146 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. Afcom Holdings Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.
Which Air Transport Service company earns the highest return on capital?
Afcom Holdings Ltd leads on return on capital employed at 33.5%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Is the Air Transport Service sector beating the market?
Air Transport Service has underperformed NIFTY 500 by 13.5% over the last 52 weeks and 22% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Air Transport Service stock has the strongest price momentum?
TAAL Tech Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Air Transport Service company scores highest for research priority?
Afcom Holdings Ltd scores 70.1 out of 100 with 62.1% evidence confidence, from 21.1 points on growth and earnings, 22 on capital efficiency, 10 on valuation and 17 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Air Transport Service companies does this comparison cover, and over what period?
It compares 4 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Air Transport Service sector?
The 4 Air Transport Service companies on this page carry ₹1,99,723 crore of combined market value. Interglobe Aviation Ltd is the largest at ₹1,92,289 crore, about 96% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.
How is the Air Transport Service sector performing?
3 of the 4 covered Air Transport Service companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 13.5% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.
Not SEBI Registered !! Not Investment advice !!