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IndiGo Valuation Multiples
Discover revenue and EBITDA valuation multiples for IndiGo and similar public comparables like Southwest Airlines, GOL Airlines, Singapore Airlines, LATAM Airlines and more.
IndiGo Overview
About IndiGo
InterGlobe Aviation Ltd is an airline service provider based in India. The company serves as a low-cost carrier through its Indigo brand. The company caters to its customers through an official website and the IndigoGo App, enabling them to book airline tickets and travel packages. The segments of the company are Air transportation services and Other income. The company earns its revenue predominantly through passenger ticket sales of the domestic airline operation.
Founded
2004
HQ
Employees
41.0K
Website
Sectors
Financials (LTM)
EV
$22B
IndiGo Financials
IndiGo reported last 12-month revenue of $9B and EBITDA of $2B.
In the same LTM period, IndiGo generated $6B in gross profit, $2B in EBITDA, and $563M in net income.
Revenue (LTM)
IndiGo P&L
In the most recent fiscal year, IndiGo reported revenue of $9B and EBITDA of $2B.
IndiGo expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $9B | XXX | $9B | XXX | XXX | XXX |
| Gross Profit | $6B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 66% | XXX | 15% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 24% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $563M | XXX | $878M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $78M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
IndiGo Stock Performance
IndiGo has current market cap of $19B, and enterprise value of $22B.
Market Cap Evolution
IndiGo's stock price is $50.09.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $22B | $19B | 0.5% | XXX | XXX | XXX | $2.27 |
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Start Free TrialIndiGo Valuation Multiples
IndiGo trades at 2.3x EV/Revenue multiple, and 11.9x EV/EBITDA.
EV / Revenue (LTM)
IndiGo Financial Valuation Multiples
As of April 20, 2026, IndiGo has market cap of $19B and EV of $22B.
Equity research analysts estimate IndiGo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
IndiGo has a P/E ratio of 34.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $19B | XXX | $19B | XXX | XXX | XXX |
| EV (current) | $22B | XXX | $22B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 11.9x | XXX | 9.4x | XXX | XXX | XXX |
| EV/EBIT | 27.8x | XXX | 18.1x | XXX | XXX | XXX |
| EV/Gross Profit | 3.5x | XXX | 15.1x | XXX | XXX | XXX |
| P/E | 34.4x | XXX | 22.1x | XXX | XXX | XXX |
| EV/FCF | 21.5x | XXX | 8.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified IndiGo Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
IndiGo Margins & Growth Rates
IndiGo's revenue in the last 12 month grew by 16%.
IndiGo's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
IndiGo's rule of 40 is 36% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
IndiGo's rule of X is 59% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
IndiGo Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | 28% | XXX | (22%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 59% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 2% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
IndiGo Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| IndiGo | XXX | XXX | XXX | XXX | XXX | XXX |
| Southwest Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| GOL Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Singapore Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| LATAM Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Air China | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
IndiGo M&A Activity
IndiGo acquired XXX companies to date.
Last acquisition by IndiGo was on XXXXXXXX, XXXXX. IndiGo acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by IndiGo
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIndiGo Investment Activity
IndiGo invested in XXX companies to date.
IndiGo made its latest investment on XXXXXXXX, XXXXX. IndiGo invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by IndiGo
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout IndiGo
| When was IndiGo founded? | IndiGo was founded in 2004. |
| Where is IndiGo headquartered? | IndiGo is headquartered in India. |
| How many employees does IndiGo have? | As of today, IndiGo has over 41K employees. |
| Is IndiGo publicly listed? | Yes, IndiGo is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of IndiGo? | IndiGo trades under INDIGO ticker. |
| When did IndiGo go public? | IndiGo went public in 2015. |
| Who are competitors of IndiGo? | IndiGo main competitors are Southwest Airlines, GOL Airlines, Singapore Airlines, LATAM Airlines. |
| What is the current market cap of IndiGo? | IndiGo's current market cap is $19B. |
| What is the current revenue of IndiGo? | IndiGo's last 12 months revenue is $9B. |
| What is the current revenue growth of IndiGo? | IndiGo revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of IndiGo? | Current revenue multiple of IndiGo is 2.3x. |
| Is IndiGo profitable? | Yes, IndiGo is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of IndiGo? | IndiGo's last 12 months EBITDA is $2B. |
| What is IndiGo's EBITDA margin? | IndiGo's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of IndiGo? | Current EBITDA multiple of IndiGo is 11.9x. |
| What is the current FCF of IndiGo? | IndiGo's last 12 months FCF is $1B. |
| What is IndiGo's FCF margin? | IndiGo's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of IndiGo? | Current FCF multiple of IndiGo is 21.5x. |
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