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Air India Express Limited
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Registered Details

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.

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.

Total Revenue

32.63%

₹ 7,600.3

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

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Locations

India (1)

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Locations on Map

Tofler Score

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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.

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

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

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	17.08	17.22	15.89	15.55	7.76
Reserves	-27.26	-23.31	-23.89	-20.47	-11.92
Borrowings +	29.79	29.07	30.66	36.39	76.62
Long term borrowings	0.0	0.3	0.0	0.0	69.38
Short term borrowings	29.79	28.77	30.66	36.39	7.24
Trade payables	12.4	6.98	3.8	11.2	9.43
Other liabilities +	80.38	77.02	77.34	68.52	27.54
Other non-current liabilities	23.37	23.83	18.93	14.92	6.3
Other current liabilities	44.61	46.2	54.61	42.41	11.81
Total liabilities
Fixed Assets +	86.94	82.8	69.95	62.49	82.17
Tangible assets	86.94	82.01	69.24	61.57	81.84
CWIP	0.0	0.78	0.71	0.85	0.28
Intangible assets	0.0	0.0	0.0	0.07	0.05
LT loans and advances	0.0	0.23	0.0	0.0	0.0
Other non-current assets	3.75	4.3	3.68	4.51	3.73
Current assets +	9.3	12.67	26.37	33.0	14.09
Inventories	4.12	3.07	2.95	6.28	3.79
Trade receivables	0.1	0.8	0.67	0.51	2.4
Cash and cash equivalents	0.2	3.1	7.45	2.01	2.56
ST loans and advances	0.0	0.13	0.0	0.0	0.0
Other current assets	4.88	5.56	15.3	24.21	5.34
Total assets

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

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.79	96.33	99.25	98.92	99.17
Expenses +	92.0	107.36	99.72	97.96	102.15
Cost of goods	28.46	20.76	33.63	44.27	38.0
Employee cost	6.45	9.16	6.46	6.12	10.15
Other costs	41.1	43.04	39.33	33.23	38.09
Operating profit	23.78	23.37	19.83	15.3	12.92
Other income	0.21	3.67	0.75	1.08	0.83
Interest	6.38	14.7	7.43	3.78	4.38
Depreciation	9.62	19.7	12.87	10.56	11.52
Exceptional items	0.0	12.26	-2.35	0.0	0.0
Profit before tax	8.0	4.91	-2.07	2.04	-2.15
Tax	0.08	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	7.92	4.91	-2.07	2.04	-2.15

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

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Sky High LXXIX Leasing Company Limited

No. of Loans: 2

Total Amount : 813.2 cr

Standard Chartered Bank

No. of Loans: 2

Total Amount : 84.0 cr

Charge Holder	Amount	Date of creation/modification
Standard Chartered Bank	53.0 cr	28 Aug, 2024
Sky High LXXIX Leasing Company Limited	410.9 cr	23 Oct, 2018
Sky High LXXIX Leasing Company Limited	402.4 cr	13 Sep, 2018
Standard Chartered Bank	31.0 cr	21 Mar, 2016

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	3 years
Director	Alice Geevarghese Vaidyan	07394437	3 years
Managing Director	Aloke Singh	07491378	2 years
Director	Nipun Aggarwal	08094159	2 years
Director	Campbell David Mcgregor Wilson	09612044	3 years
CS	Aditi Ashok Khandekar	<HIDDEN>	28 years

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Registered Details

CIN

U62100HR1971PLC113015

PAN

AABCA0522B

Incorporation

1971, 53.7 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?

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

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

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?

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?

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?

The CIN number of AIR INDIA EXPRESS LIMITED is U62100HR1971PLC113015.

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