SpiceJet Ltd

About

SpiceJet is principally engaged in the business of providing air transport services for the carriage of passengers and cargo.

  • Market Cap 4,580 Cr.
  • Current Price 76.2
  • High / Low 108 / 47.0
  • Stock P/E
  • Book Value -43.3
  • Dividend Yield 0.00 %
  • ROCE -18.1 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.33% over past five years.
  • Promoters have pledged 44.31% of their holding.
  • Earnings include an other income of Rs.855.34 Cr.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
1,877 2,489 2,535 3,003 2,848 3,656 2,867 521 1,071 1,692 1,888 1,125
2,189 2,366 2,408 2,382 2,964 3,245 3,270 718 855 1,447 1,965 1,540
Operating Profit -313 123 127 621 -116 411 -403 -197 216 245 -77 -415
OPM % -17% 5% 5% 21% -4% 11% -14% -38% 20% 14% -4% -37%
Other Income 27 44 41 147 228 270 186 185 246 210 229 170
Interest 32 41 28 127 137 139 143 140 151 140 94 137
Depreciation 65 61 67 377 436 465 457 448 416 382 315 349
Profit before tax -383 64 73 263 -461 78 -816 -601 -106 -67 -257 -731
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit -383 64 73 263 -461 78 -816 -601 -106 -67 -257 -731
EPS in Rs -6.38 1.07 1.21 4.38 -7.69 1.30 -13.60 -10.01 -1.76 -1.11 -4.28 -12.16

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
5,088 6,191 7,760 9,121 12,375 5,171 5,775
4,542 5,649 7,002 9,113 11,840 4,985 5,807
Operating Profit 546 543 758 8 534 186 -31
OPM % 11% 9% 10% 0% 4% 4% -1%
Other Income 210 149 124 79 811 827 855
Interest 126 66 93 134 546 482 523
Depreciation 180 199 231 256 1,735 1,561 1,462
Profit before tax 450 427 557 -302 -937 -1,030 -1,160
Tax % 0% 0% 0% -0% 0% 0%
Net Profit 450 427 557 -302 -937 -1,030 -1,160
EPS in Rs 7.50 7.13 9.30 -5.04 -15.61 -17.14 -19.31
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:0%
3 Years:-13%
TTM:-42%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:36%
Stock Price CAGR
10 Years:14%
5 Years:4%
3 Years:4%
1 Year:63%
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
599 599 599 600 600 601
Reserves -1,638 -1,212 -655 -950 -2,180 -3,205
Borrowings 1,230 1,155 1,303 1,110 1,097 9,157
2,656 2,448 2,772 4,045 13,439 4,815
Total Liabilities 2,847 2,991 4,019 4,805 12,956 11,368
1,628 1,620 1,598 1,626 8,714 7,033
CWIP 0 0 0 0 0 6
Investments 20 140 101 0 0 0
1,199 1,231 2,320 3,178 4,241 4,329
Total Assets 2,847 2,991 4,019 4,805 12,956 11,368

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
711 479 1,036 456 1,848 377
-275 -492 -825 -145 -180 212
-379 -43 -110 -364 -1,705 -586
Net Cash Flow 58 -56 100 -53 -37 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 3 4 4 6 9 23
Inventory Days
Days Payable
Cash Conversion Cycle 3 4 4 6 9 23
Working Capital Days -126 -94 -82 -71 -113 -368
ROCE % 123% 72% -11% -270% -18%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
60.03 60.03 60.00 60.00 59.96 59.96 59.93 59.93 59.91 59.89 59.81 59.54
4.24 3.96 4.27 4.78 5.17 4.90 1.71 0.85 0.98 2.31 2.12 1.12
4.55 6.09 7.74 8.23 7.96 7.17 10.66 9.68 8.19 6.32 3.66 2.12
31.18 29.93 27.99 26.99 26.90 27.97 27.71 29.54 30.92 31.48 34.41 37.22

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