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Best Aviation Stocks in India 2023

20 April 20236 mins read by Angel One
The aviation industry is the fastest-growing industry in India. Through this blog, you can have a better understanding of the aviation sector and be equipped to make informed investment decisions.
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Best Aviation Stocks in India 2023

Aviation stocks in India refer to publicly traded companies that operate in the aviation industry in India. The Indian aviation industry has undergone significant growth and transformation in recent years, driven by factors such as increasing disposable incomes, a growing middle class, and government initiatives to improve infrastructure and encourage foreign investment.

Today, India has a thriving aviation industry that includes both domestic and international airlines, airports, and associated services such as ground handling, maintenance, repair, overhaul, and cargo operations. The industry has created job opportunities for thousands of people and has contributed significantly to the country’s economic growth.

Investing in aviation stocks in India can be an attractive option for investors looking to capitalise on the growth potential of the country’s aviation industry. However, like any investment, it carries certain risks, such as fluctuations in fuel prices, competition from other airlines, and regulatory changes.

List of Best Aviation Stocks India 2023

Company Name Last Price Market Cap (Rs. in crore) 3Yr-CAGR(%) 5Yr-CAGR(%)
Interglobe Aviation 1,913.95 73,791.79 99.16 31.86
SpiceJet 32.70 1,968.04 26.82 78.55
Jet Airways 65.48 743.84 299.09 89.41
Global Vectra 54.55 76.37 45.39 57.53

The above list of best aviation stocks is based on market capitalisation and is dated 8th April 2023.

Investing in aviation stocks in India can be a profitable long-term investment strategy, especially if you choose the right stocks. Some of the best aviation stocks in India as mentioned above, have consistently performed well in the market, offering investors a stable return on investment.

There are several major players in the Indian aviation market performing their best, including IndiGo, SpiceJet, Jet Airways etc. These companies have performed well in the past, and their stocks have offered good returns to investors. However, it’s essential to note that the aviation industry is highly cyclical and subject to external factors. 

Top Aviation Stocks in India: Overview

When investing in aviation stocks in India, it is important to consider factors such as the company’s financial performance, market share, growth potential, and competitive landscape. It is also important to have a long-term investment horizon and to diversify your portfolio across different stocks and sectors to mitigate risks.

With that said, let’s take a look at some of the best aviation stocks in India for 2023.

Interglobe Avi: InterGlobe Enterprises Pvt. Ltd. is a leading Indian conglomerate that holds dominant positions in the civil aviation (IndiGo), hospitality, and travel-related services industries. The company has a significant global presence, with operations in over 28 countries and 115 cities, and it employs more than 31,000 professionals.

InterGlobe is recognised for its resourcefulness, and hard work, which it sustains by providing innovative perspectives, operational excellence, and a generous spirit. By adhering to its core values of honesty, customer-centricity, and forward-thinking, InterGlobe constantly reinforces its commitment to growth by creating new ventures and offering new services.

The company’s achievements are closely linked to its social and environmental obligations. InterGlobe Foundation endeavours to instil pride in communities by safeguarding their heritage and culture, protecting the environment, and promoting sustainable livelihoods.

SpiceJet: SpiceJet is an Indian low-cost airline headquartered in Gurugram, Haryana, India. It was founded in 1984 by Ajay Singh, and started operations in 2005. SpiceJet operates flights to 61 destinations, including 52 domestic destinations within India and 7 international destinations in Asia and the Middle East.

SpiceJet has a fleet of more than 100 aircraft, including Boeing 737s, Bombardier Q400s, and Boeing 737 MAX 8s. The airline has won several awards for its services, including the ‘Best Low-cost Airline in Central Asia and India’ at the Skytrax World Airline Awards in 2019.

Jet Airways: Jet Airways was an Indian international airline that operated from 1993 to 2019. It was based in Mumbai and had a fleet of both narrow-body and wide-body aircraft that flew to over 55 destinations including 36 domestic destinations and 19 international destinations.

Jet Airways was known for its high-quality service and was one of the largest airlines in India. However, in 2019, the airline was grounded due to financial difficulties and was eventually declared bankrupt by the Indian government.

Since then, there have been several attempts to revive the airline, but none have been successful so far. The airline industry in India has also been severely impacted by the COVID-19 pandemic, which has further delayed any potential revival of Jet Airways.

Global Vectra: Global Vectra Helicorp Limited, owned by NRI entrepreneur Ravi Rishi, is the largest private helicopter company in India. With a fleet of 29 helicopters, ranging from small to medium-sized twin-engined helicopters that can seat 4 to 15 passengers, the company offers a wide range of services. These include supporting the offshore oil and gas industry, providing VIP flying services to state governments, election flying, heli-pilgrimage, and other rotary services. 

Global Vectra Helicorp Limited is also a pioneering company in conducting specialised aerial geophysical surveys and providing power industry support services.

Conclusion

In 2023, the aviation industry in India is expected to continue its growth trajectory, with passenger traffic projected to increase significantly. This presents an opportunity for investors to consider investing in aviation stocks in India. So, if you are looking to invest in the top aviation stocks in India in 2023, open a demat account with Angel One now and start your investment journey today!

In this context, it is important to note that investing in stocks involves risk and investors should carefully consider their investment objectives and risk tolerance before making any investment decisions. Additionally, investors should conduct their own research and consult with a financial advisor before investing in any aviation stock in India.

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