SpiceJet Ltd
₹ 16.2
-3.68%
20 Feb
- close price
About
SpiceJet Ltd is principally engaged in the business of providing air transport services for the carriage of passengers and cargo.[1]
Key Points
- Market Cap ₹ 2,474 Cr.
- Current Price ₹ 16.2
- High / Low ₹ 56.8 / 16.1
- Stock P/E
- Book Value ₹ -1.23
- Dividend Yield 0.00 %
- ROCE 9.10 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -2.47%
- The company has delivered a poor sales growth of -15.6% over past five years.
- Promoter holding is low: 31.0%
- Contingent liabilities of Rs.806 Cr.
- Promoters have pledged 47.7% of their holding.
- Earnings include an other income of Rs.746 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,237 | 5,163 | 5,088 | 6,191 | 7,756 | 9,113 | 12,359 | 5,133 | 6,557 | 8,869 | 7,050 | 5,284 | 4,718 | |
| 7,084 | 5,776 | 4,542 | 5,646 | 6,992 | 9,119 | 11,842 | 4,958 | 7,480 | 9,892 | 7,693 | 5,749 | 5,403 | |
| Operating Profit | -847 | -613 | 546 | 545 | 764 | -6 | 517 | 175 | -923 | -1,023 | -643 | -465 | -685 |
| OPM % | -14% | -12% | 11% | 9% | 10% | -0% | 4% | 3% | -14% | -12% | -9% | -9% | -15% |
| 131 | 218 | 210 | 150 | 127 | 79 | 828 | 987 | 973 | 1,046 | 1,443 | 1,451 | 746 | |
| Interest | 139 | 165 | 126 | 66 | 93 | 134 | 546 | 603 | 486 | 507 | 461 | 291 | 223 |
| Depreciation | 148 | 127 | 180 | 199 | 231 | 256 | 1,734 | 1,558 | 1,290 | 1,019 | 748 | 638 | 651 |
| Profit before tax | -1,003 | -687 | 450 | 431 | 567 | -316 | -935 | -998 | -1,725 | -1,503 | -409 | 58 | -813 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| -1,003 | -687 | 450 | 431 | 567 | -316 | -935 | -998 | -1,725 | -1,503 | -409 | 58 | -813 | |
| EPS in Rs | -18.74 | -11.46 | 7.50 | 7.19 | 9.45 | -5.27 | -15.58 | -16.61 | -28.67 | -24.97 | -5.23 | 0.41 | -5.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -16% |
| 3 Years: | -7% |
| TTM: | -15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 16% |
| 3 Years: | 27% |
| TTM: | -438% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -13% |
| 5 Years: | -28% |
| 3 Years: | -24% |
| 1 Year: | -65% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 535 | 599 | 599 | 599 | 599 | 600 | 600 | 601 | 602 | 602 | 783 | 1,413 | 1,414 |
| Reserves | -1,530 | -1,685 | -1,638 | -1,209 | -642 | -950 | -2,179 | -3,172 | -4,890 | -3,833 | -3,369 | -730 | -1,601 |
| 1,709 | 1,477 | 1,230 | 1,155 | 1,303 | 1,110 | 1,097 | 1,068 | 8,330 | 7,348 | 5,376 | 4,214 | 4,209 | |
| 2,233 | 2,215 | 2,656 | 2,445 | 2,772 | 4,048 | 13,354 | 12,879 | 5,479 | 6,163 | 6,167 | 4,219 | 4,410 | |
| Total Liabilities | 2,947 | 2,607 | 2,847 | 2,991 | 4,032 | 4,807 | 12,872 | 11,376 | 9,520 | 10,280 | 8,957 | 9,116 | 8,431 |
| 1,877 | 1,714 | 1,628 | 1,620 | 1,598 | 1,604 | 8,681 | 7,000 | 5,540 | 3,973 | 2,536 | 2,084 | 1,879 | |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 6 | 5 | 10 | 10 |
| Investments | 0 | 0 | 20 | 140 | 101 | 0 | 1 | 3 | 3 | 3 | 19 | 152 | 191 |
| 1,070 | 893 | 1,199 | 1,231 | 2,333 | 3,203 | 4,190 | 4,367 | 3,972 | 6,297 | 6,396 | 6,869 | 6,352 | |
| Total Assets | 2,947 | 2,607 | 2,847 | 2,991 | 4,032 | 4,807 | 12,872 | 11,376 | 9,520 | 10,280 | 8,957 | 9,116 | 8,431 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 59 | -411 | 711 | 496 | 1,046 | 456 | 1,778 | 226 | 978 | 93 | -613 | -1,665 | |
| -50 | 304 | -275 | -491 | -806 | -146 | -156 | 210 | -122 | 561 | 36 | -674 | |
| -221 | 126 | -379 | -62 | -140 | -364 | -1,659 | -435 | -876 | -632 | 732 | 2,170 | |
| Net Cash Flow | -212 | 19 | 58 | -57 | 100 | -54 | -37 | 1 | -20 | 23 | 154 | -170 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9 | 9 | 3 | 4 | 4 | 6 | 9 | 25 | 14 | 6 | 10 | 14 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 9 | 9 | 3 | 4 | 4 | 6 | 9 | 25 | 14 | 6 | 10 | 14 |
| Working Capital Days | -122 | -130 | -149 | -117 | -114 | -94 | -129 | -371 | -360 | -313 | -346 | -291 |
| ROCE % | -75% | -105% | 178% | 124% | 72% | -12% | -269% | -91% | -24% | 2% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8h - Market share 1.9%→4.3% (Sep–Dec 2025); targeting 220 crore ASKs by Winter 2026.
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Clarification sought from Spicejet Ltd
1d - Exchange has sought Clarification from Spicejet Ltd with reference to the media report appearing on https://economictimes.indiatimes.com dated February 19, 2026, (Link: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/bangladesh-bars-spicejet-from-using-its-airspace-over-dues-airline-says-working-for-early-resolution/articleshow/128545569.cms) titled "Bangladesh bars …
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - MoU for 10 aircraft; doubled ASKM to 105 crore; targets 220 crore ASKM, 300+ daily flights by Winter 2026.
- Announcement under Regulation 30 (LODR)-Investor Presentation 13 Feb
- Announcement under Regulation 30 (LODR)-Investor Presentation 12 Feb
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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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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Company Overview
SpiceJet is a low-cost airline operating in India primarily. It operates the maximum number of UDAN flights in India. It operates ~250 daily flights to 48 destinations within India and to international destinations. Its fleet includes Boeing 737 Max, Boeing 700 and Q400s. [1]