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AIR INDIA EXPRESS LIMITED

Active
Updated: 05 Nov 2024

The company oprates as a airline services. It provides flight and manages booking, aircraft information, on-board, and ground services.

Air India Express Limited, is an unlisted public company incorporated on 09 September, 1971. It is classified as a public limited company and is located in Gurgaon, Haryana. It's authorized share capital is INR 11,000.00 cr and the total paid-up capital is INR 1,017.10 cr.

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Industry

Transport and Storage
Products
  • aircraft information, Flight and manages booking, on-board.
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
32.96%
₹ 7,536.9
EBITDA
11.94%
₹ 981.6
Net Profit
-239.61%
₹ -163.1
Networth
-
₹ -418.1
Borrowings
322.01%
₹ 7,701.6
Assets
100.45%
₹ 10,052.4
Gross Margin
6.43
61.7 %
Operating Margin
-2.45
13.0 %
Net Profit Margin
-4.19
-2.1 %
Return on Equity
-
- %
ROCE
-96.9
1.6 %
Debt to Equity
-11.01
-18.4
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (1)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • LOSS MAKING
  • LOW ROCE
  • CASH DETERIORATING
Low Risk
  • EBITDA MARGINS DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 5,219.4 1,964.5 3,496.3 5,668.7 7,536.9
Operating profit 1,243.6 476.6 698.5 876.9 981.6
Net profit 414.2 100.1 -73.0 116.8 -163.1
Gross margin 71.5 78.4 66.1 55.2 61.7
Operating margin 23.8 24.3 20.0 15.5 13.0
Net margin 7.9 4.9 -2.1 2.0 -2.1
Networth -464.5 -275.9 -392.6 -246.4 -418.1
Borrowings 1,360.1 1,316.8 1,504.9 1,825.0 7,701.6
Assets 4,565.9 4,529.5 4,908.5 5,014.8 10,052.4
Debt to equity -2.9 -4.8 -3.8 -7.4 -18.4
Current ratio 0.1 0.1 0.3 0.4 0.5
ROE - - - - -
Days payable 139.0 273.0 58.0 81.0 120.0
WC days -247.0 -583.0 -321.0 -184.0 -70.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 780.0 780.0 780.0 780.0 780.0
Reserves -1,244.5 -1,055.9 -1,172.6 -1,026.4 -1,198.1
Borrowings + 1,360.1 1,316.8 1,504.9 1,825.0 7,701.6
Long term borrowings - 13.8 - - 6,974.1
Short term borrowings 1,360.1 1,303.0 1,504.9 1,825.0 727.5
Trade payables + 566.3 316.2 186.8 561.4 948.3
Days payable 139.0 273.0 58.0 81.0 120.0
Other liabilities + 3,670.3 3,488.6 3,796.2 3,436.3 2,768.9
Other non-current liabilities 1,067.0 1,079.6 929.0 748.2 633.0
Other current liabilities 2,037.0 2,092.8 2,680.4 2,126.6 1,187.7
Total liabilities 4,565.9 4,529.5 4,908.5 5,014.8 10,052.4
Fixed Assets + 3,969.8 3,750.3 3,433.6 3,133.8 8,260.2
Tangible assets 3,969.6 3,714.8 3,398.5 3,087.9 8,226.9
CWIP - 35.4 34.9 42.4 28.2
Intangible assets 0.2 0.2 - 3.5 5.1
LT loans and advances - 10.3 - - -
Other non-current assets 171.4 194.9 180.4 225.9 375.4
Current assets + 424.7 574.0 1,294.5 1,655.1 1,416.8
Inventories 187.9 139.2 144.7 314.8 381.4
Trade receivables 4.7 36.2 33.0 25.8 241.6
Cash and cash equivalents 9.2 140.5 365.6 100.7 257.1
ST loans and advances - 6.1 - - -
Other current assets 222.9 252.0 751.2 1,213.9 536.7
Total assets 4,565.9 4,529.5 4,908.5 5,014.8 10,052.4
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 5,219.4 1,964.5 3,496.3 5,668.7 7,536.9
Sales growth % 25.12 -62.36 77.97 62.14 32.96
Expenses + 4,812.4 2,189.4 3,512.7 5,613.8 7,763.4
Cost of goods 1,488.7 423.5 1,184.7 2,536.8 2,888.5
Employee cost 337.2 186.7 227.5 350.4 771.5
Other costs 2,150.0 877.8 1,385.5 1,904.5 2,895.3
Operating profit + 1,243.6 476.6 698.5 876.9 981.6
Operating margin % 23.8 24.3 20.0 15.5 13.0
Other income 11.2 74.9 26.3 61.9 63.4
Interest 333.5 299.8 261.6 216.7 332.6
Depreciation 503.1 401.7 453.3 605.3 875.5
Exceptional items - 250.1 -82.9 - -
Profit before tax 418.2 100.1 -73.0 116.8 -163.1
Tax 4.0 - - - -
Profit - disc. ops - - - - -
Net profit 414.2 100.1 -73.0 116.8 -163.1
Net margin % 7.9 4.9 -2.1 2.0 -2.1
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity -2.9 -4.8 -3.8 -7.4 -18.4
Net Debt/Equity -2.9 -4.3 -2.9 -7.0 -17.8
Total Debt/Assets 0.3 0.3 0.3 0.4 0.8
Total Assets/Equity -9.8 -16.4 -12.5 -20.4 -24.0
Liquidity +
Current Ratio 0.1 0.1 0.3 0.4 0.5
Quick Ratio 0.1 0.1 0.3 0.3 0.4
Interest Coverage 3.7 1.6 2.7 4.0 3.0
Performance
Gross Margin 71.5 78.4 66.1 55.2 61.7
Operating Margin 23.8 24.3 20.0 15.5 13.0
Net Margin 7.9 4.9 -2.1 2.0 -2.1
Return +
Return on Equity - - - - -
Pre-tax ROCE 171.8 12.2 68.9 98.5 1.6
Return on Assets 9.1 2.2 -1.5 2.3 -1.6
Pre-tax ROIC 83.5 8.3 32.8 18.4 1.5
Efficiency +
Days Payable 139.0 273.0 58.0 81.0 120.0
Days Inventory 46.0 120.0 45.0 45.0 48.0
Days Receivable 0.0 7.0 3.0 2.0 12.0
Fixed Asset Turnover 1.3 0.5 1.0 1.8 0.9
Total Asset Turnover 1.1 0.4 0.7 1.1 0.8
Working Capital
Cash Conversion Cycle -93.0 -146.0 -10.0 -34.0 -60.0
Working Capital Days -247.0 -583.0 -321.0 -184.0 -70.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Sky High LXXIX Leasing Company Limited

No. of Loans: 2

Total Amount : 813.2 cr

2

Standard Chartered Bank

No. of Loans: 2

Total Amount : 84.0 cr

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Charges

Sky High LXXIX Leasing Company Limited
Standard Chartered Bank

People

Designation Name DIN/PAN Tenure
Director Sanjay Sharma 00332488 1 years
Kmp Vikas Agarwal <HIDDEN> 1 years
Director Prathivadibhayankara Rajagopalan Ramesh 01915274 2 years
Director Alice Geevarghese Vaidyan 07394437 2 years
Managing Director Aloke Singh 07491378 2 years
Director Nipun Aggarwal 08094159 2 years
Director Campbell David Mcgregor Wilson 09612044 2 years
CS Aditi Ashok Khandekar <HIDDEN> 28 years

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Registered Details

CIN

U62100HR1971PLC113015

PAN

AABCA0522B

Incorporation

1971, 53.6 years

Company Email

company.secretary@airindiaexpress.com

Paid up Capital

₹ 1,017.1 Cr

Authorised Capital

₹ 11,000.0 Cr

AGM

Jul 2024

Type

Public
Non-government Company

FAQ - AIR INDIA EXPRESS LIMITED

What is the incorporation date of AIR INDIA EXPRESS LIMITED?

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The incorporation date of AIR INDIA EXPRESS LIMITED is 09 September, 1971

What is the authorized share capital of AIR INDIA EXPRESS LIMITED?

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The authorized share capital of AIR INDIA EXPRESS LIMITED is INR ₹ 11,000.0 Cr.

What is the paid-up capital of AIR INDIA EXPRESS LIMITED?

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The paid-up capital of AIR INDIA EXPRESS LIMITED is INR ₹ 1,017.1 Cr.

What is the registered address of AIR INDIA EXPRESS LIMITED?

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The registered address of AIR INDIA EXPRESS LIMITED is Block-4, Vatika One-on-one Sector-16, NH-48 Industrial Estat e (Gurgaon) Industrial Estate Gurgaon Haryana - 122007

What is the CIN number of AIR INDIA EXPRESS LIMITED?

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The CIN number of AIR INDIA EXPRESS LIMITED is U62100HR1971PLC113015.

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