# IndiGo share price today (Interglobe Aviation Ltd, NSE: INDIGO)

> IndiGo share price today: ₹5,025.00 at the NSE close on 3 November 2026, down 10.7% in a year. Interglobe Aviation (NSE: INDIGO) is worth ₹1,94,284 crore, trades at a P/E of 37.4 and has closed between ₹4,099.50 and ₹5,908.50 over the past 52 weeks. > Interglobe Aviation Ltd's share price has risen faster than its earnings: −10.7% in a year, against −132.9% for earnings per share. INDIGO · Air Transport Service · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/interglobe-aviation-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹5,025.00 (−10.7% in a year)
- P/E: 37.4× (higher than 82% of the last 8.8 years)
- Revenue (Sep 2026): ₹23,364 Cr (+25.9% on a year ago)
- Profit (Sep 2026): −₹1,879 Cr
- Operating margin: 8.0% (+4.9 points on a year ago)
- ROCE: 5%, FY26
- ROIC: 18.9%, against a 12.0% cost of capital: +6.9 points

The main question: the share price moved −10.7% in a year while yearly earnings per share moved −132.9%. The difference came from the market paying a higher multiple. ## What is the IndiGo share price today? Interglobe Aviation Ltd's share price was ₹5,025.00 at the close on 3 November 2026. It has been rising for 14 weeks. That is 1.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹4,100 and ₹5,909, and at that close it sat 51% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 2 weeks in a row. Over the last 11 years the share price moved +512% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at IndiGo this quarter? Three changes stood out: indian funds and insurers (DIIs) raised their stake for 6 quarters in a row, profit grew again in the September 2026 quarter and revenue up on a year earlier for 12 quarters in a row (every quarter we can compare). 1. Indian funds and insurers (DIIs) raised their stake for 6 quarters in a row From 20.7% to 33.3% of the company by the September 2026 quarter. 2. Profit grew again in the September 2026 quarter Profit was ₹-1,879 crore, +27.2% on a year earlier (₹-2,582 crore), after 5 quarters of decline. Why: The loss shrank because fares were much higher and the airline kept capacity growth tight. That more than offset weaker monsoon travel demand, though fuel costs were still very high. Next results: check whether higher fares hold and whether planes fill up as expected in the festive season. From the earnings call on 29 Oct 2026. 3. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹23,364 crore, +25.9% on a year earlier. Why: Revenue rose because fares were much higher and the airline kept capacity growth tight while industry seats fell, so each flight brought in more money. Next results: check whether higher fares hold through the festive season and whether more passengers fill the planes. From the earnings call on 29 Oct 2026. ## What are IndiGo's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), IndiGo reported revenue of ₹23,364 crore, up 25.9% from ₹18,555 crore a year earlier, and a loss of ₹1,879 crore. ### IndiGo results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹23,364 crore | ₹18,555 crore | +25.9% |
| Profit | loss of ₹1,879 crore | loss of ₹2,582 crore | n/a |
| Earnings per share | ₹−48.58 | ₹−66.79 | n/a |
| Operating margin | 8.0% | 3.1% | +4.9 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). IndiGo's management discussed these results on a call held on 29 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the IndiGo share price history? IndiGo closed at ₹5,025.00 on 3 November 2026, down 10.7% from ₹5,625.00 a year earlier (31 October 2025) and up 131.5% over five years. Its highest weekly close since March 2016 was ₹6,086.50 on 22 August 2025. ### IndiGo share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹4,549.00 | +10.5% |
| 1 month ago · 1 Oct 2026 | ₹4,929.90 | +1.9% |
| 6 months ago · 30 Apr 2026 | ₹4,295.30 | +17.0% |
| 1 year ago · 31 Oct 2025 | ₹5,625.00 | −10.7% |
| 3 years ago · 3 Nov 2023 | ₹2,509.20 | +100.3% |
| 5 years ago · 4 Nov 2021 | ₹2,170.95 | +131.5% |
| 10 years ago · 4 Nov 2016 | ₹919.75 | +446.3% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹820.55 | +512.4% |
| Highest weekly close since March 2016 · 22 Aug 2025 | ₹6,086.50 | −17.4% |
| Lowest weekly close since March 2016 · 5 Oct 2018 | ₹766.85 | +555.3% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹5,908.50 | −15.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹4,099.50 | +22.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on IndiGo? 3 Nov 2026: IndiGo closed at ₹5,025.00, up 10.5% on the week and up 1.9% on the month. 29 Oct 2026: IndiGo held its results call for July to September 2026. Management guided: Q3 and full-year capacity growth in early single digits on a year earlier including damp-lease exit and geopolitical discipline. ### Earlier

- Results for July to September 2026: Revenue up 25.9% on a year earlier. ## What dividend does IndiGo pay? IndiGo paid no dividend in the 12 months to 4 November 2026. The last was a dividend of ₹10 a share, ex-date 13 August 2025. ### IndiGo dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 13 Aug 2025 | ₹10 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 1 of 5 Of the last 5 financial years, years with an NSE dividend record

Not in its latest year. Interglobe Aviation Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 4 of its last 10 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## What did IndiGo management say on the latest results call? On the call for July to September 2026, held on 29 October 2026, IndiGo's management guided: Q3 and full-year capacity growth in early single digits on a year earlier including damp-lease exit and geopolitical discipline. > “We will remain absolutely laser-focused on our short-haul, low-cost operation and will not be distracted by anything that we need to do for the long-haul introduction.”
> Willie Walsh, on the call for July to September 2026

### What management guided

- Q3 PRASK growth above 25% on a year earlier based on October trends reflecting higher cost backdrop and last-year base. - Q3 load factor flat on a year earlier on current position and forward bookings into festive strength. - Full-year CASK ex-fuel ex-forex MTM growth in high single digits to early double digits on rupee and escalations. - Steady-state CASK ex-fuel ex-forex ex-currency growth in mid-single digits with currency separate. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/6590-29-Oct-2026.pdf). (From the call for July to September 2026, 29 October 2026.)

## What to watch in IndiGo's next results? When IndiGo reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: Second-half cost moderation on higher utilization and wide-body conclusion - check ex-fuel unit cost path against full-year framework. - What to check (from the call)
- Second-half cost moderation on higher utilization and wide-body conclusion - check ex-fuel unit cost path against full-year framework. - Amsterdam slot retention via XLR bridge plus Dar es Salaam launch - check execution and utilization impact into peak quarter. ## Which stock lists is IndiGo on? IndiGo is on one of our India lists: Nifty 50 companies. [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)

## Is IndiGo profitable? Interglobe Aviation Ltd posted a net loss of ₹1,879 Cr in the Sep 2026 quarter. The full FY26 year was a loss of ₹2,394 Cr. That loss is 8.0% of the quarter's revenue. The same quarter a year earlier lost ₹2,582 Cr. 5 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was −₹2,394 Cr (−133.0% on the year before). On average over the last four quarters, profit changed −123.7% and revenue +13.3%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does IndiGo make, and is it growing? Interglobe Aviation Ltd reported ₹23,364 Cr of revenue in the Sep 2026 quarter, +25.9% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 9 years it has grown 18.4% a year on average. The last full year, FY26, came in at ₹84,962 Cr. The last four reported quarters add to ₹93,858 Cr. FY26 revenue was ₹84,962 Cr, +5.1% on the year before. Recent pace: the last four quarters grew +13.3% on average, against 18.4% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +12.7%, against +12.8% a year over the last 8 quarters (stabilising). ## How much of every ₹100 of sales does IndiGo keep? Interglobe Aviation Ltd's operating margin was 8.0% in the Sep 2026 quarter, 4.9 percentage points higher than the same quarter a year ago. Across 10 years it has been between −0.5% and 24.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +5.0 percentage points on the year while gross margin changed −10.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is IndiGo's profit turning into cash? Over the last 3 years, 311% of Interglobe Aviation Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹23,470 Cr of operating cash against −₹2,394 Cr of profit. After ₹22,239 Cr of spending on assets, ₹1,231 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 311% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. What to look at next: the bigger use of cash is spending on new assets, at 2.4× depreciation over three years. The next section checks what that spending is building. ## Where does IndiGo's cash go? Interglobe Aviation Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 3 days in FY26, down from 5 days in FY21. It spent ₹61,451 Cr on assets over the last 3 years. At FY26 sales of ₹84,962 Cr, each day of that cycle ties up about ₹233 Cr, so roughly ₹698 Cr is tied up in the business at any time. Spending on assets: ₹61,451 Cr over the last 3 years, against ₹25,914 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹59.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is IndiGo's P/E ratio, and how does it compare with its own history? Interglobe Aviation Ltd's P/E is 37.4×, near the high end of its own history: higher than 82% of past readings. Its usual P/E (the middle reading) is 29.4×, over 8.8 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −132.9% while the price moved −10.7%. The price did better than earnings, which pushed the multiple up within its own range. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the IndiGo business getting better or worse? Interglobe Aviation Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −180.3% in the latest quarter, against +102.9% at its best in 12 quarters, with ROCE falling at 2.4%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does IndiGo earn on its capital? Interglobe Aviation Ltd earned a ROCE of 5% in FY26. That is up from a low of −14% in FY21. Its return on capital used (ROIC) is 6.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a −2.8% net margin and 0.62× asset turnover (sales divided by assets). Why the return is what it is (FY26): a −2.8% net margin × 0.62× asset turnover × 19.51× leverage (assets divided by equity) ≈ −33.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 18.9% − 12.0% = +6.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 18.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 22.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does IndiGo have too much debt? Interglobe Aviation Ltd has total debt of ₹87,303 Cr against shareholder equity of ₹5,021 Cr as of Sep 2026, so its debt is 17.39× its equity. Year by year, that ratio went from −6.16 in FY22 to 11.13 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the IndiGo shareholding pattern? Domestic institutions raised their stake in Interglobe Aviation Ltd by 12.7 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 33.3% of the company. Promoters moved −7.7 points over the same period, to 41.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +12.7 points over 8 quarters, to 33.3%; Promoters: −7.7 points over 8 quarters, to 41.6%; Foreign institutions: −5.5 points over 8 quarters, to 19.9%. Why the owners changed: foreign institutions moved −5.5 points and domestic institutions +12.7 points over 8 quarters, while promoters moved −7.7 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is IndiGo from balance-sheet trouble? For Interglobe Aviation Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does IndiGo rank in its industry? 40.6 out of 100, rank 2 of 3 in Air Transport Service, with 56% of the evidence available. Interglobe Aviation Ltd scores 40.6 out of 100 against the 3 companies it is compared with in Air Transport Service, ranking 2. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 16.6 + 1.6 + 10 + 12.4 = 40.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is IndiGo compared with? IndiGo ranks 2 of 3 Air Transport Service companies on the 4-Factor Sector Score, with 40.6 out of 100. 1. [Afcom Holdings Ltd](https://www.sectoralpha.in/stocks/afcom-holdings-ltd) losing its lead · Too little evidence to rank firmly · 58% evidence 72.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 100% · Profit 100% · Operating margin change 0 points · 83% evidence Capital efficiency 21.5/25 · ROCE 28% · Operating margin 40% · 95% evidence Valuation 10.0/20 · P/E 25× · PEG n/a · 0% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 24.8% · 1 year 52.2% · 25% evidence · 10 of 12 weeks ahead Exact sum: 28.6 + 21.5 + 10 + 12.5 = 72.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 2. Interglobe Aviation Ltd this page INDIGO · turning · Too little evidence to rank firmly · 56% evidence 40.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 12.7% · Profit -80% · Operating margin change 4.9 points · 74% evidence Capital efficiency 1.6/25 · ROCE 5.2% · Operating margin 8% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 12.4/20 · Lead over its industry n/a · Lead over NIFTY 500 4.7% · 1 year -13.3% · 25% evidence · 5 of 12 weeks ahead Exact sum: 16.6 + 1.6 + 10 + 12.4 = 40.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [SpiceJet Ltd](https://www.sectoralpha.in/stocks/spicejet-ltd) SPICEJET · quiet · Too little evidence to rank firmly · 42% evidence 47.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue -14.5% · Profit -80% · Operating margin change 2 points · 45% evidence Capital efficiency 13.9/25 · ROCE 29.4% · Operating margin -13% · 57% evidence Valuation 9.7/20 · P/E n/a · PEG n/a · 35% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -52.3% · 1 year -80.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 13.9 + 9.7 + 7.5 = 47.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Air Transport Service](https://www.sectoralpha.in/sectors/air-transport-service), all 3 compared on one page. ## Which companies are close to IndiGo in size? IndiGo is the largest of 3 Air Transport Service companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Afcom Holdings and SpiceJet. ### Air Transport Service companies close in size

1. Interglobe Aviation Ltd ₹1,88,600 crore
2. [Afcom Holdings Ltd](https://www.sectoralpha.in/stocks/afcom-holdings-ltd) ₹3,664 crore
3. [SpiceJet Ltd](https://www.sectoralpha.in/stocks/spicejet-ltd) ₹1,143 crore

[All 3 Air Transport Service companies, largest first](https://www.sectoralpha.in/sectors/air-transport-service#all-companies)

### Companies close in size in other industries

1. [Wipro Ltd](https://www.sectoralpha.in/stocks/wipro-ltd) ₹1,96,439 crore · IT - Software
2. [Shriram Finance Ltd](https://www.sectoralpha.in/stocks/shriram-finance-ltd) ₹1,93,694 crore · Finance & Investments - CV Finance
3. Interglobe Aviation Ltd ₹1,88,600 crore
4. [Indian Oil Corporation Ltd](https://www.sectoralpha.in/stocks/indian-oil-corporation-ltd) ₹1,83,788 crore · Refineries
5. [Tech Mahindra Ltd](https://www.sectoralpha.in/stocks/tech-mahindra-ltd) ₹1,75,535 crore · IT - Software

## What else do people ask about IndiGo? ### What is IndiGo's share price today? Interglobe Aviation Ltd's share price is ₹5,025.00, −10.7% over the past year. The whole company is worth ₹1,94,284 Cr on the market. In the last 52 weeks it traded between ₹4,100 to ₹5,909; today it is 51% of the way up from the low, 1.8% above its 200-day average (as of 3 November 2026). ### What were IndiGo's latest quarterly results? Interglobe Aviation Ltd reported revenue of ₹23,364 Cr and a net loss of ₹1,879 Cr for the Sep 2026 quarter. Earnings per share were −₹48.58. The operating margin was 8.0%, 4.9 percentage points higher than a year earlier (as of 3 November 2026). ### What is IndiGo's market cap? Interglobe Aviation Ltd's market capitalisation is ₹1,94,284 Cr at a share price of ₹5,025.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is IndiGo performing? Interglobe Aviation Ltd's share price has been rising for 14 weeks. Over the past 13 weeks it has done better than the NIFTY 500, for 2 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will IndiGo's share price go up? This page does not forecast Interglobe Aviation Ltd's share price. What it shows instead: the share price is ₹5,025.00, and it has been rising for 14 weeks. Its P/E of 37.4× is higher than 82% of its own last 9 years (as of 3 November 2026). ### Does IndiGo have too much debt? Yes, Interglobe Aviation Ltd has a lot of debt: its debt is 11.15× its equity, and its operating profit is 2 times its interest bill. FY26 borrowings were ₹77,749 Cr against equity of ₹6,971 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Is IndiGo's profit real cash? Yes, over the last 3 years, 311% of Interglobe Aviation Ltd's reported profit came in as cash from operations. The latest year was lower at -980%, so the trend is worth watching. In FY26, operating cash was ₹23,470 Cr against reported profit of −₹2,394 Cr. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is IndiGo in its business cycle? Interglobe Aviation Ltd's FY26 operating margin was 14.0%, against a 10-year range of −0.5% to 24.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 8.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the IndiGo story? The main question: the share price moved −10.7% in a year while yearly earnings per share moved −132.9%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is IndiGo a stock worth studying right now? What the numbers show: Interglobe Aviation Ltd's share price has risen faster than its earnings: −10.7% in a year, against −132.9% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a IndiGo share price forecast for 2026? What management itself guided: Q3 and full-year capacity growth in early single digits on a year earlier including damp-lease exit and geopolitical discipline. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list

This is research, not advice. We’re not SEBI-registered.