SpiceJet Ltd
SpiceJet Ltd is principally engaged in the business of providing air transport services for the carriage of passengers and cargo.[1]
- Market Cap ₹ 4,107 Cr.
- Current Price ₹ 60.0
- High / Low ₹ 77.5 / 22.6
- Stock P/E
- Book Value ₹ -44.2
- Dividend Yield 0.00 %
- ROCE -24.4 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -8.04%
- The company has delivered a poor sales growth of 2.72% over past five years.
- Promoters have pledged 38.8% of their holding.
- Earnings include an other income of Rs.1,439 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Air Transport Service Industry: Transport - Airlines
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,900 | 5,550 | 6,237 | 5,163 | 5,088 | 6,191 | 7,756 | 9,113 | 12,359 | 5,133 | 6,557 | 8,869 | 7,886 | |
4,495 | 5,746 | 7,084 | 5,776 | 4,542 | 5,646 | 6,992 | 9,119 | 11,842 | 4,958 | 7,480 | 9,892 | 8,108 | |
Operating Profit | -595 | -195 | -847 | -613 | 546 | 545 | 764 | -6 | 517 | 175 | -923 | -1,023 | -221 |
OPM % | -15% | -4% | -14% | -12% | 11% | 9% | 10% | -0% | 4% | 3% | -14% | -12% | -3% |
74 | 204 | 131 | 218 | 210 | 150 | 127 | 79 | 828 | 866 | 973 | 1,046 | 1,439 | |
Interest | 54 | 117 | 139 | 165 | 126 | 66 | 93 | 134 | 546 | 482 | 486 | 507 | 468 |
Depreciation | 31 | 84 | 148 | 127 | 180 | 199 | 231 | 256 | 1,734 | 1,558 | 1,290 | 1,019 | 853 |
Profit before tax | -606 | -191 | -1,003 | -687 | 450 | 431 | 567 | -316 | -935 | -998 | -1,725 | -1,503 | -103 |
Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
-606 | -191 | -1,003 | -687 | 450 | 431 | 567 | -316 | -935 | -998 | -1,725 | -1,503 | -103 | |
EPS in Rs | -13.72 | -3.95 | -18.74 | -11.46 | 7.50 | 7.19 | 9.45 | -5.27 | -15.58 | -16.61 | -28.67 | -24.97 | -0.86 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 3% |
3 Years: | -10% |
TTM: | -8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -29% |
TTM: | 95% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | -9% |
3 Years: | -4% |
1 Year: | 100% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 441 | 484 | 535 | 599 | 599 | 599 | 599 | 600 | 600 | 601 | 602 | 602 | 684 |
Reserves | -589 | -722 | -1,588 | -2,214 | -1,638 | -1,209 | -642 | -950 | -2,179 | -3,172 | -4,890 | -3,833 | -3,708 |
1,009 | 1,802 | 1,709 | 1,477 | 1,230 | 1,155 | 1,303 | 1,110 | 1,097 | 9,514 | 8,330 | 7,348 | 6,736 | |
1,109 | 1,507 | 2,291 | 2,744 | 2,656 | 2,445 | 2,772 | 4,048 | 13,354 | 4,417 | 5,479 | 6,163 | 5,730 | |
Total Liabilities | 1,970 | 3,071 | 2,947 | 2,607 | 2,847 | 2,991 | 4,032 | 4,807 | 12,872 | 11,360 | 9,520 | 10,280 | 9,442 |
850 | 1,794 | 1,877 | 1,714 | 1,628 | 1,620 | 1,598 | 1,604 | 8,681 | 7,000 | 5,540 | 3,973 | 3,030 | |
CWIP | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 6 | 5 |
Investments | 0 | 0 | 0 | 0 | 20 | 140 | 101 | 0 | 1 | 3 | 3 | 3 | 9 |
1,120 | 1,276 | 1,070 | 893 | 1,199 | 1,231 | 2,333 | 3,203 | 4,190 | 4,351 | 3,972 | 6,297 | 6,398 | |
Total Assets | 1,970 | 3,071 | 2,947 | 2,607 | 2,847 | 2,991 | 4,032 | 4,807 | 12,872 | 11,360 | 9,520 | 10,280 | 9,442 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-105 | -54 | 59 | -411 | 711 | 496 | 1,046 | 456 | 1,778 | 226 | 978 | 93 | |
-666 | -741 | -50 | 304 | -275 | -491 | -806 | -146 | -156 | 210 | -122 | 561 | |
977 | 791 | -221 | 126 | -379 | -62 | -140 | -364 | -1,659 | -435 | -876 | -632 | |
Net Cash Flow | 206 | -3 | -212 | 19 | 58 | -57 | 100 | -54 | -37 | 1 | -20 | 23 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 2 | 7 | 9 | 9 | 3 | 4 | 4 | 6 | 9 | 25 | 14 | 6 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 2 | 7 | 9 | 9 | 3 | 4 | 4 | 6 | 9 | 25 | 14 | 6 |
Working Capital Days | -91 | -60 | -106 | -121 | -141 | -102 | -97 | -77 | -117 | -97 | -155 | -147 |
ROCE % | -87% | -6% | -78% | -224% | 1,952% | 124% | 72% | -12% | -269% | -16% | -21% | -24% |
Documents
Announcements
- Closure of Trading Window 1d
- Clarification Regarding News Article 2d
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 2d
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Clarification sought from Spicejet Ltd
22 Mar - Exchange has sought clarification from Spicejet Ltd with reference to the media report appearing on https://economictimes.indiatimes.com dated March 21,2024 (Link: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/wilmington-trust-approaches-nclat-files-insolvency-appeal-against-spicejet/articleshow/108655526.cms) titled "Wilmington Trust approaches …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 21 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Market Share
The company is the 2nd largest player in the domestic aviation industry with a market share of ~13%.[1] It also has a market share of ~13% in the international aviation market among the domestic players and is the 3rd largest player behind Air India and Indigo Airlines.[2] It is the largest cargo operator in India.[3]