InterGlobe Aviation (NSE:INDIGO) Days Payable: 26.28 (As of Mar. 2026) — 23% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:INDIGO InterGlobe Aviation Ltd NSE:INDIGO
87 GF Score
Price ₹5,248.50
GF Value ₹5,375.16
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is InterGlobe Aviation Days Payable?

InterGlobe Aviation NSE:INDIGO -0.32% 87 Days Payable is 26.28 as of Mar. 2026, which is 23% above its 10-year median of 21.44. GuruFocus rates NSE:INDIGO with a GF Score™ of 87/100 and a GF Value™ of ₹5,375.16 (Fairly Valued). The stock has 4 warning signs investors should review. Among 968 Transportation companies, InterGlobe Aviation ranks worse than 70.45% on this metric.

InterGlobe Aviation's average Accounts Payable for the three months ended in Mar. 2026 was ₹49,905 Mil. InterGlobe Aviation's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹173,304 Mil. Hence, InterGlobe Aviation's Days Payable for the three months ended in Mar. 2026 was 26.28.

The historical rank and industry rank for InterGlobe Aviation's Days Payable or its related term are showing as below:

NSE:INDIGO' s Days Payable Range Over the Past 10 Years
Min: 16.83   Med: 21.44   Max: 31.73
Current: 25.22

During the past 12 years, InterGlobe Aviation's highest Days Payable was 31.73. The lowest was 16.83. And the median was 21.44.

NSE:INDIGO's Days Payable is ranked worse than
70.45% of 968 companies
in the Transportation industry
Industry Median: 38.62 vs NSE:INDIGO: 25.22

InterGlobe Aviation's Days Payable increased from Mar. 2025 (22.76) to Mar. 2026 (26.28). It may suggest that InterGlobe Aviation delayed paying its suppliers.


InterGlobe Aviation Days Payable Historical Data

* Premium members only.

The historical data trend for InterGlobe Aviation's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

InterGlobe Aviation Days Payable Chart

InterGlobe Aviation Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.73 24.82 21.53 21.34 25.15

InterGlobe Aviation Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.76 24.20 26.58 23.98 26.28

NSE:INDIGO vs DAL, UAL, LUV: Days Payable Comparison

For the Airlines subindustry, InterGlobe Aviation's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


InterGlobe Aviation Days Payable vs Transportation Industry

For the Transportation industry and Industrials sector, InterGlobe Aviation's Days Payable distribution charts can be found below:

* The bar in red indicates where InterGlobe Aviation's Days Payable falls into.


NSE:INDIGO
87GF Score
InterGlobe Aviation Ltd NSE:INDIGO
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

InterGlobe Aviation Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

InterGlobe Aviation's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (41756 + 49905) / 2 ) / 665095*365
=45830.5 / 665095*365
=25.15

InterGlobe Aviation's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 49905) / 1 ) / 173304*365 / 4
=49905 / 173304*365 / 4
=26.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 26.28 mean?
InterGlobe Aviation (NSE:INDIGO) has a Days Payable of 26.28 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on InterGlobe Aviation and its competitors. This is 23% above median its historical median of 21.44. Over the past decade, InterGlobe Aviation's Days Payable has ranged from 16.83 to 31.73. According to the industry distribution chart, InterGlobe Aviation ranks #682 out of 968 companies in the Transportation industry, placing it in the top 70.5%.
Is InterGlobe Aviation's Days Payable too high?
InterGlobe Aviation's current Days Payable of 26.28 is 23% above median its 10-year median of 21.44. Over the past 10 years, this metric has ranged from a low of 16.83 to a high of 31.73. The Transportation industry median Days Payable is 38.62. InterGlobe Aviation's value of 26.28 is 32% below this industry median. Based on the distribution chart, InterGlobe Aviation ranks #682 out of 968 companies in the Transportation industry, which is below the industry midpoint. Overall, InterGlobe Aviation has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does InterGlobe Aviation's Days Payable compare to DAL and UAL?
According to the Transportation industry distribution chart, InterGlobe Aviation ranks #682 out of 968 companies for Days Payable. This places InterGlobe Aviation in the lower half of its industry. The industry median Days Payable is 38.62. InterGlobe Aviation's value of 26.28 is 32% below this benchmark. Historically, InterGlobe Aviation's own Days Payable has ranged from 16.83 to 31.73 over the past decade. While the company's 10-year median is 21.44 vs. the industry median of 38.62, InterGlobe Aviation has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Transportation company?
The median Days Payable among Transportation companies is 38.62, based on 968 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. InterGlobe Aviation's current Days Payable of 26.28 is 32% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on InterGlobe Aviation and its competitors. For the Transportation industry, the median Days Payable is 38.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InterGlobe Aviation's current Days Payable is 26.28, which is 23% above median its own 10-year median of 21.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InterGlobe Aviation stock overvalued right now?
Based on GuruFocus' analysis, InterGlobe Aviation (NSE:INDIGO) is currently considered Fairly Valued. The stock's GF Value™ is ₹5,375.16, compared to a current price of ₹5,248.50 — trading 2.4% below its estimated fair value. The current Days Payable is 26.28, which is 23% above median its 10-year median of 21.44 and 32% below the Transportation industry median of 38.62. InterGlobe Aviation's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For InterGlobe Aviation (NSE:INDIGO), the current Days Payable is 26.28 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is InterGlobe Aviation (NSE:INDIGO) Overvalued in 2026?

Based on GuruFocus' analysis, InterGlobe Aviation stock appears to be undervalued. The current stock price of ₹5,248.50 is trading 2.4% below its estimated GF Value™ of ₹5,375.16. GuruFocus considers InterGlobe Aviation to be Fairly Valued.

Key valuation signals for NSE:INDIGO:

  • Days Payable: 26.28 (23% above median its 10-year median of 21.44)
  • GF Value™: ₹5,375.16 vs. price of ₹5,248.50 (2.4% below fair value)
  • GF Score™: 87/100 with 4 warning signs
  • Industry Position: 32% below the Transportation median (#682 of 968)

No single metric tells the full story. See the NSE:INDIGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


InterGlobe Aviation Business Description

Other Exchanges 539448:India
Address Gurgaon Road, MG Road, Third floor, Emaar Capital Tower-II, Sector-26, Sikanderpur Ghosi, Gurugram, HR, IND, 122 002
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.
87GF Score

Get the complete analysis for NSE:INDIGO

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹5,248.50
Price
₹5,375.16
GF Value