Indra stock falls 2.38 percent as valuation stays demanding

Published on 09/24/2026 at 19:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Indra stock stood at EUR 60.76 on September 24, 2026, 8.15 percent below its yearly high. First half revenue reached EUR 3.179 billion, up 30 percent year over year.

Nächtlicher Kontrollraum mit Radarschirmen, Indra Sistemas S.A. ES0118594417 Flugverkehrskontrolle — Fotorealistische Flugverkehrskontrolle bei Nacht symbolisiert Indra Sistemas S.A. ES0118594417 als führenden IT-Verteidigungstechnologiekonzern Spaniens, Illustration mit AI erstellt.

Indra (ISIN ES0118594417) stock stood at EUR 60.76 on BME Madrid on September 24, 2026 at 5:43 p.m. CEST, down 2.38 percent for the session. The price was 8.15 percent below the 52-week high of EUR 66.15, putting valuation and execution on the same investor scoreboard.

Revenue reaches EUR 3.179 billion

Indra reported first half 2026 revenue of EUR 3.179 billion, up 30 percent from the same period a year earlier, according to Aviation Outlook in its August 30, 2026 analysis. The same report puts consolidated backlog at EUR 20.533 billion, an increase of 117 percent year over year.

The operating picture is heavily tied to defense and space. Aviation Outlook says Indra reaffirmed 2026 guidance for revenue above EUR 7 billion, EBIT above EUR 700 million and free cash flow above EUR 375 million.

Analyst target trails the share price

AlphaValue raised its Indra price target from EUR 52.90 to EUR 56.90 and lifted its 2026 EBIT estimate to EUR 717 million, Merca2 reported on September 17, 2026. That target remains EUR 3.86 below the September 24 share price, a gap of 6.35 percent.

The comparison explains the market tension. Operational figures point to rapid expansion, while the target published by AlphaValue remains below the latest BME Madrid quotation. For investors, the next test is whether revenue growth converts into the guided EBIT and free cash flow figures.

Stock tests EUR 60.41 support

Technical levels published by Teleborsa on September 24, 2026 place immediate support at EUR 60.41 and resistance at EUR 61.83. Indra stock therefore entered the final part of the session below the cited resistance, while its annual range remained EUR 36.92 to EUR 66.15.