SpiceJet Ltd

SpiceJet Ltd

₹ 58.6 1.38%
13 Dec - 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

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]

  • Market Cap 7,509 Cr.
  • Current Price 58.6
  • High / Low 79.9 / 46.0
  • Stock P/E
  • Book Value -33.0
  • Dividend Yield 0.00 %
  • ROCE 1.64 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -18.5%
  • The company has delivered a poor sales growth of -5.00% over past five years.
  • Promoter holding is low: 29.1%
  • Promoters have pledged 52.8% of their holding.
  • Earnings include an other income of Rs.1,552 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

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
1,090 1,343 2,259 1,866 2,457 1,953 2,315 2,145 2,002 1,425 1,904 1,719 1,696
1,510 1,645 2,169 2,161 2,858 2,518 2,374 2,143 1,734 1,856 2,142 1,964 1,661
Operating Profit -420 -302 91 -295 -401 -566 -60 2 268 -431 -238 -245 35
OPM % -39% -23% 4% -16% -16% -29% -3% 0% 13% -30% -13% -14% 2%
176 196 343 259 22 152 515 357 266 301 245 635 372
Interest 137 114 88 144 130 143 115 118 122 113 126 100 87
Depreciation 348 342 323 278 280 281 234 224 207 188 183 170 170
Profit before tax -729 -562 23 -458 -789 -838 107 17 205 -432 -301 119 150
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-729 -562 23 -458 -789 -838 107 17 205 -432 -301 119 150
EPS in Rs -12.12 -9.34 0.39 -7.61 -13.11 -13.92 1.77 0.28 3.40 -6.31 -4.41 1.52 1.89
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
5,550 6,237 5,163 5,088 6,191 7,756 9,113 12,359 5,133 6,557 8,869 7,050 6,744
5,746 7,084 5,776 4,542 5,646 6,992 9,119 11,842 4,958 7,480 9,892 7,692 7,624
Operating Profit -195 -847 -613 546 545 764 -6 517 175 -923 -1,023 -642 -880
OPM % -4% -14% -12% 11% 9% 10% -0% 4% 3% -14% -12% -9% -13%
204 131 218 210 150 127 79 828 987 973 1,046 1,443 1,552
Interest 117 139 165 126 66 93 134 546 603 486 507 462 426
Depreciation 84 148 127 180 199 231 256 1,734 1,558 1,290 1,019 748 711
Profit before tax -191 -1,003 -687 450 431 567 -316 -935 -998 -1,725 -1,503 -409 -464
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-191 -1,003 -687 450 431 567 -316 -935 -998 -1,725 -1,503 -409 -464
EPS in Rs -3.95 -18.74 -11.46 7.50 7.19 9.45 -5.27 -15.58 -16.61 -28.67 -24.97 -5.23 -7.31
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -5%
3 Years: 11%
TTM: -20%
Compounded Profit Growth
10 Years: 5%
5 Years: -16%
3 Years: 17%
TTM: 9%
Stock Price CAGR
10 Years: 16%
5 Years: -11%
3 Years: -5%
1 Year: 9%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 484 535 599 599 599 599 600 600 601 602 602 783
Reserves -709 -1,530 -1,685 -1,638 -1,209 -642 -950 -2,179 -3,172 -4,890 -3,833 -3,369
1,802 1,709 1,477 1,230 1,155 1,303 1,110 1,097 1,068 8,330 7,348 5,376
1,493 2,233 2,215 2,656 2,445 2,772 4,048 13,354 12,879 5,479 6,163 6,167
Total Liabilities 3,071 2,947 2,607 2,847 2,991 4,032 4,807 12,872 11,376 9,520 10,280 8,957
1,794 1,877 1,714 1,628 1,620 1,598 1,604 8,681 7,000 5,540 3,973 2,536
CWIP 1 1 0 0 0 0 0 0 6 6 6 5
Investments 0 0 0 20 140 101 0 1 3 3 3 19
1,276 1,070 893 1,199 1,231 2,333 3,203 4,190 4,367 3,972 6,297 6,396
Total Assets 3,071 2,947 2,607 2,847 2,991 4,032 4,807 12,872 11,376 9,520 10,280 8,957

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-54 59 -411 711 496 1,046 456 1,778 226 978 93 -613
-741 -50 304 -275 -491 -806 -146 -156 210 -122 561 36
791 -221 126 -379 -62 -140 -364 -1,659 -435 -876 -632 732
Net Cash Flow -3 -212 19 58 -57 100 -54 -37 1 -20 23 154

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 7 9 9 3 4 4 6 9 25 14 6 10
Inventory Days
Days Payable
Cash Conversion Cycle 7 9 9 3 4 4 6 9 25 14 6 10
Working Capital Days -60 -106 -121 -141 -102 -97 -77 -117 -342 -155 -147 -191
ROCE % -6% -75% -105% 178% 124% 72% -12% -269% -91% -24% 2%

Shareholding Pattern

Numbers in percentages

14 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.46% 59.40% 59.40% 59.39% 59.39% 58.98% 58.98% 56.53% 55.28% 48.27% 47.67% 29.14%
1.16% 1.19% 1.18% 1.19% 0.65% 0.43% 0.35% 0.29% 0.33% 1.73% 1.81% 22.87%
0.80% 0.03% 0.04% 0.04% 0.01% 0.01% 0.01% 0.01% 0.04% 5.30% 5.05% 8.37%
38.59% 39.38% 39.38% 39.37% 39.95% 40.58% 40.67% 43.16% 44.35% 44.71% 45.48% 39.63%
No. of Shareholders 3,89,4713,93,2823,93,8553,97,2943,93,2003,89,9823,89,7003,99,6184,04,1073,97,7053,79,1353,82,601

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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