SpiceJet Ltd

SpiceJet Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SpiceJet Ltd

₹ 62.4 0.68%
25 Apr 10:17 a.m.
spicejet.com BSE: 500285
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]

Website BSE
  • Market Cap ₹ 4,867 Cr.
  • Current Price ₹ 62.4
  • High / Low ₹ 77.5 / 22.6
  • Stock P/E
  • Book Value ₹ -82.8
  • Dividend Yield 0.00 %
  • ROCE -36.6 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -7.01%
  • 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.1,419 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
1,071 1,692 1,888 1,125 1,345 2,263 1,870 2,457 1,954 2,317 2,145 2,004 1,429
855 1,447 1,965 1,540 1,647 2,146 2,188 2,847 2,510 2,363 2,160 1,738 1,872
Operating Profit 216 245 -77 -415 -301 116 -318 -390 -555 -46 -15 265 -443
OPM % 20% 14% -4% -37% -22% 5% -17% -16% -28% -2% -1% 13% -31%
234 179 229 170 187 337 255 17 147 506 354 263 297
Interest 139 109 94 137 114 88 144 130 143 115 120 123 114
Depreciation 416 382 315 349 343 323 279 281 282 235 225 208 189
Profit before tax -106 -67 -257 -731 -571 42 -485 -784 -833 110 -6 198 -449
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-106 -67 -257 -731 -571 42 -485 -784 -833 110 -6 198 -449
EPS in Rs -1.76 -1.11 -4.28 -12.16 -9.49 0.71 -8.06 -13.02 -13.85 1.84 -0.10 3.28 -6.56
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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 TTM
5,088 6,191 7,760 9,121 12,375 5,171 6,604 8,874 7,894
4,542 5,649 7,002 9,113 11,840 4,984 7,517 9,878 8,133
Operating Profit 546 543 758 8 534 187 -913 -1,005 -238
OPM % 11% 9% 10% 0% 4% 4% -14% -11% -3%
210 149 124 79 811 827 949 1,023 1,419
Interest 126 66 93 134 546 483 487 509 472
Depreciation 180 199 231 256 1,735 1,561 1,293 1,023 856
Profit before tax 450 427 557 -302 -937 -1,030 -1,744 -1,513 -148
Tax % 0% 0% 0% -0% 0% 0% 0% 0%
450 427 557 -302 -937 -1,030 -1,744 -1,513 -148
EPS in Rs 7.50 7.13 9.30 -5.04 -15.61 -17.14 -28.98 -25.14 -1.54
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: -10%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -29%
TTM: 93%
Stock Price CAGR
10 Years: 15%
5 Years: -14%
3 Years: 0%
1 Year: 99%
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 Sep 2023
Equity Capital 599 599 599 600 600 601 602 602 684
Reserves -1,638 -1,212 -655 -950 -2,180 -3,205 -4,942 -6,452 -6,350
1,230 1,155 1,303 1,110 1,097 9,518 8,332 7,349 6,740
2,656 2,448 2,772 4,045 13,344 4,438 5,562 6,272 5,845
Total Liabilities 2,847 2,991 4,019 4,805 12,861 11,352 9,555 7,771 6,918
1,628 1,620 1,598 1,626 8,714 7,033 5,569 4,006 3,043
CWIP 0 0 0 0 0 6 6 20 21
Investments 20 140 101 0 0 0 0 0 0
1,199 1,231 2,320 3,178 4,146 4,313 3,979 3,743 3,853
Total Assets 2,847 2,991 4,019 4,805 12,861 11,352 9,555 7,771 6,918

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
711 479 1,036 456 1,784 228 1,004 82
-275 -492 -825 -145 -161 212 -148 550
-379 -43 -110 -364 -1,660 -437 -878 -610
Net Cash Flow 58 -56 100 -53 -37 3 -22 22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 3 4 4 6 9 23 14 7
Inventory Days
Days Payable
Cash Conversion Cycle 3 4 4 6 9 23 14 7
Working Capital Days -141 -101 -96 -77 -117 -97 -156 -151
ROCE % 123% 72% -11% -270% -17% -22% -37%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.54% 59.46% 59.46% 59.40% 59.40% 59.39% 59.39% 58.98% 58.98% 56.53% 55.28% 48.27%
1.12% 1.18% 1.16% 1.19% 1.18% 1.19% 0.65% 0.43% 0.35% 0.29% 0.33% 1.73%
2.12% 1.02% 0.80% 0.03% 0.04% 0.04% 0.01% 0.01% 0.01% 0.01% 0.04% 5.30%
37.22% 38.34% 38.59% 39.38% 39.38% 39.37% 39.95% 40.58% 40.67% 43.16% 44.35% 44.71%
No. of Shareholders 3,76,2133,91,1743,89,4713,93,2823,93,8553,97,2943,93,2003,89,9823,89,7003,99,6184,04,1073,97,705

* 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.

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