SpiceJet Ltd.

SPICEJET

₹49.06

-1.47% (-0.73)

Market Cap

₹7,037 Cr.

P/E

0.00

About

SpiceJet is India’s second-largest airline in terms of domestic passenger volume and the largest in terms of regional connectivity. The company is driven by the vision of making flying accessible and … Read more

SpiceJet is India’s second-largest airline in terms of domestic passenger volume and the large… Read more

Low

52W Range

High

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

Edit rows

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Balance sheet
Net Block	1,628	1,620	1,598	1,626	8,714	7,033	5,569	4,006	2,571	1,091
Shareholders Funds	-1,039	-613	-55.92	-350	-1,580	-2,604	-4,340	-5,850	-5,217	-2,596
Profit & Loss
Operating Profit	573	571	781	36.27	549	-27.87	-898	-984	-627	—
Net Sales	5,088	6,191	7,760	9,121	12,375	5,171	6,604	8,874	7,085	—
Cash flow
Cash from Operating Activity	711	479	1,036	456	1,784	228	1,004	120	-596	-877
Net Capex (est)	158	249	272	200	259	63.93	32.00	16.76	34.19	39.29
Ratios
ROCE (%)	246	93.01	73.69	-6.42	-5.63	-15.04	-124	44.03	-2.24	—
ROE (%)	-43.30	-69.74	-996	86.41	59.26	39.55	40.19	25.86	8.10	—

Forensics

4 Yes

Positive for this company

1 Neutral

Neutral for this company

11 No

Negative for this company

1 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoter has not sold any shares in the last 90 days
Depreciation Effect

Company is depreciating a lower percentage of assets. this is contributing to an increase in net profit
Pledge

Promoters have pledged a significant portion of their holding
Retail Holding

Retail has been buying the stock which is usually a sign of exuberance
Other Income

Other income component is making ratios of the company look optically better

Price & Performance

Capex vs ROCE

Roce of the company has increased over the last three years
Working Capital

Working capital of the company seems to be under control
ROE

Roe has decreased vs 10 year trend
Share price

Share price has decreased over last 10 years more due to earnings
Debt

Company might have issues servicing its debt
Sales Growth

Sales of the company has grown at a slow pace
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong
Balance Sheet Strength

Balance sheet is weak and might have solvency issues
Current vs Historic Valuation

Unable to calculate due to limited data

Market Share

3.20 %

(as of Feb 25)

Historic

Domestic Passengers Carried - Market Share

1.64 %

(as of Sep 24)

Historic

International Passengers Carried - Market Share

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Asset Break-Up - Geography Wise

Operational Metrics

On Time Performance (%)

SpiceJet Ltd.

On Time Performance (%)
Source
Total Monthly ASK (Lakhs)
Source
Total Monthly ASK - Domestic Flights (Lakhs)
Source
Total Monthly ASK - International Flights (Lakhs)
Source
Monthly International Passengers Carried (.)
Source
Flight Occupancy Rate (%)
Source
Passengers Carried Per Month (Lakhs)
Source
Margin Per Available Seat Kilometer (RASK - CASK) (Rs)
Source
Number of Aircrafts (.)
Source
Number of Aircrafts - Boeing 737 & 737 Max 8 (.)
Number of Aircrafts - Boeing 737 Max (.)
Number of Aircrafts - B737 Freighter (.)
Source
Number of Aircrafts - Bombardier Q-400 (.)
Source
Number of Aircrafts - Boeing 737 NG (.)
Source

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
SpiceJet	49.79	0.00	7,189	33.46	-35.39	-2.24	8.1
Global Vectra Helico	235.64	0.00	331	75	10.02	8.49	5.53
Interglobe Aviation	5,534	34.9	2,12,384	49.27	13.67	22.84	409.35

Suppliers

Hindustan Petroleum Corporation Ltd.
Goodricke Group Ltd.

FAQs on SpiceJet Ltd. Business

What does SpiceJet do?

SpiceJet, India’s second-largest airline, focuses on enhancing regional connectivity and accessibility to air travel. Through adding destinations, expanding fleet, and prioritizing customer service, SpiceJet aims to make flying enjoyable for all.

Who are the competitors of SpiceJet?

SpiceJet major competitors are Global Vectra Helico, Interglobe Aviation.
Market Cap of SpiceJet is ₹7,037 Crs.
While the median market cap of its peers are ₹1,07,108 Crs.

Is SpiceJet financially stable compared to its competitors?

SpiceJet seems to be financially stable compared to its competitors.
The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.

View FAQ's On Shareprice

Global Leaders

Companies with a dominant global position in a product. Might be a sign of very strong moat.

Run Query

Company Filing

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Annual Report	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
Earnings Release		Mar Jun Dec		Mar Jun Sep Dec	Dec	Mar	Jun Dec						Mar
Investor Presentation		Jun Sep Dec			Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Jun Sep Dec	Jun	Jun	Jun	Dec
Conference Call
Conference Call SummaryCon Call Summary Powered by Gemini

Discussions & Analysis

Aviation Sector

How do Airports Make Money ? - Sneh Kagrana

Why Budget Airlines are so profitable? - Tar

Former CEO of Indigo, Co-founder of Akasa on Building Great Businesses, Running an Airline in India - The Barbershop With Shantanu

Ideas Dashboard

Timeline

Watchlist

Portfolio

Alerts

Research

Stock Screener

Market

Raw Material

SpiceJet Ltd.