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 ₹ -18.3
- Dividend Yield 0.00 %
- ROCE 29.4 %
- 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 -15.5% over past five years.
- Promoter holding is low: 31.0%
- Promoters have pledged 47.7% of their holding.
- Earnings include an other income of Rs.733 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.
Loading peers table ...
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,088 | 6,191 | 7,760 | 9,121 | 12,375 | 5,171 | 6,604 | 8,874 | 7,085 | 5,326 | 4,786 | |
| 4,542 | 5,649 | 7,002 | 9,113 | 11,840 | 4,984 | 7,517 | 9,878 | 7,724 | 5,764 | 5,412 | |
| Operating Profit | 546 | 543 | 758 | 8 | 534 | 187 | -913 | -1,005 | -638 | -439 | -625 |
| OPM % | 11% | 9% | 10% | 0% | 4% | 4% | -14% | -11% | -9% | -8% | -13% |
| 210 | 149 | 124 | 79 | 811 | 827 | 949 | 1,023 | 1,435 | 1,442 | 733 | |
| Interest | 126 | 66 | 93 | 134 | 546 | 483 | 487 | 509 | 467 | 297 | 226 |
| Depreciation | 180 | 199 | 231 | 256 | 1,735 | 1,561 | 1,293 | 1,023 | 753 | 645 | 658 |
| Profit before tax | 450 | 427 | 557 | -302 | -937 | -1,030 | -1,744 | -1,513 | -424 | 62 | -775 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| 450 | 427 | 557 | -302 | -937 | -1,030 | -1,744 | -1,513 | -424 | 62 | -775 | |
| EPS in Rs | 7.50 | 7.13 | 9.30 | -5.04 | -15.61 | -17.14 | -28.98 | -25.14 | -5.40 | 0.44 | -5.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -16% |
| 3 Years: | -7% |
| TTM: | -15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 27% |
| TTM: | -397% |
| 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
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 599 | 599 | 599 | 600 | 600 | 601 | 602 | 602 | 783 | 1,413 | 1,414 |
| Reserves | -1,638 | -1,212 | -655 | -950 | -2,180 | -3,205 | -4,942 | -6,452 | -6,001 | -3,356 | -4,213 |
| 1,230 | 1,155 | 1,303 | 1,110 | 1,097 | 9,518 | 8,332 | 7,349 | 5,379 | 4,219 | 4,213 | |
| 2,656 | 2,448 | 2,772 | 4,045 | 13,344 | 4,438 | 5,562 | 6,272 | 6,311 | 4,318 | 4,459 | |
| Total Liabilities | 2,847 | 2,991 | 4,019 | 4,805 | 12,861 | 11,352 | 9,555 | 7,771 | 6,472 | 6,594 | 5,872 |
| 1,628 | 1,620 | 1,598 | 1,626 | 8,714 | 7,033 | 5,569 | 4,006 | 2,571 | 2,111 | 1,933 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 20 | 7 | 10 | 10 |
| Investments | 20 | 140 | 101 | 0 | 0 | 0 | 0 | 0 | 1 | 134 | 182 |
| 1,199 | 1,231 | 2,320 | 3,178 | 4,146 | 4,313 | 3,979 | 3,743 | 3,894 | 4,339 | 3,748 | |
| Total Assets | 2,847 | 2,991 | 4,019 | 4,805 | 12,861 | 11,352 | 9,555 | 7,771 | 6,472 | 6,594 | 5,872 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 711 | 479 | 1,036 | 456 | 1,784 | 228 | 1,004 | 82 | -596 | -1,689 | |
| -275 | -492 | -825 | -145 | -161 | 212 | -148 | 550 | 35 | -643 | |
| -379 | -43 | -110 | -364 | -1,660 | -437 | -878 | -610 | 730 | 2,168 | |
| Net Cash Flow | 58 | -56 | 100 | -53 | -37 | 3 | -22 | 22 | 169 | -164 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 3 | 4 | 4 | 6 | 9 | 23 | 14 | 7 | 8 | 8 |
| Inventory Days | ||||||||||
| Days Payable | ||||||||||
| Cash Conversion Cycle | 3 | 4 | 4 | 6 | 9 | 23 | 14 | 7 | 8 | 8 |
| Working Capital Days | -149 | -116 | -113 | -93 | -129 | -368 | -360 | -317 | -351 | -297 |
| ROCE % | 123% | 72% | -11% | -270% | -17% | -22% | -37% | 6% | 29% |
Documents
Announcements
-
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.
-
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
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
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]