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SpiceJet Ltd is principally engaged in the business of providing air transport services for the carriage of passengers and cargo.[1]
Company OverviewSpiceJet 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]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Interglobe Aviat | 5436.50 | 41.54 | 210282.45 | 0.18 | -2614.10 | -164.37 | 18555.30 | 9.34 | 17.34 | 83314.30 | 20.40 | 5062.40 | -2614.10 | 24.70 | 5.89 | 8.83 |
| 2. | SpiceJet | 30.34 | – | 4288.84 | 0.00 | -633.80 | -43.48 | 781.22 | -14.25 | 9.10 | 4564.73 | -14.88 | -519.04 | -633.80 | – | 0.65 | – |
| 3. | FlySBS Aviation | 548.45 | 20.17 | 949.02 | 0.00 | 23.84 | 358.46 | 137.61 | 64.39 | 34.65 | 247.79 | 25.38 | 47.04 | 23.84 | 3.61 | 21.13 | 0.09 |
| 4. | TAAL Enterprises | 2942.90 | 17.81 | 917.11 | 1.02 | 14.27 | -1.79 | 48.83 | -0.59 | 32.73 | 182.66 | 31.75 | 51.48 | 14.27 | 4.12 | 21.32 | 0.01 |
| 5. | Global Vectra | 199.25 | – | 280.14 | 0.00 | -6.16 | -48.43 | 117.62 | -5.37 | 6.66 | 524.49 | 8.05 | -5.96 | -6.16 | 61.85 | -0.07 | 140.88 |
| – | Median: 5 Co. | 548.45 | 20.17 | 949.02 | 0.0 | -6.16 | -43.48 | 137.61 | -0.59 | 17.34 | 524.49 | 20.4 | 47.04 | -6.16 | 14.41 | 5.89 | 4.46 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,953 | 2,315 | 2,145 | 2,002 | 1,425 | 1,904 | 1,719 | 1,696 | 911 | 1,231 | 1,446 | 1,106 | 781 |
Expenses | 2,518 | 2,374 | 2,143 | 1,734 | 1,856 | 2,142 | 1,964 | 1,661 | 1,276 | 1,419 | 1,394 | 1,196 | 1,235 |
Operating Profit | -566 | -60 | 2 | 268 | -431 | -238 | -245 | 35 | -365 | -188 | 53 | -90 | -454 |
Other Income | 152 | 515 | 357 | 266 | 301 | 245 | 635 | 372 | 166 | 420 | 495 | 84 | 46 |
Profit before tax | -838 | 107 | 17 | 205 | -432 | -301 | 119 | 150 | -442 | 25 | 325 | -235 | -634 |
Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Profit | -838 | 107 | 17 | 205 | -432 | -301 | 119 | 150 | -442 | 25 | 325 | -235 | -634 |
EPS in Rs | -13.92 | 1.77 | 0.28 | 3.40 | -6.31 | -4.41 | 1.52 | 1.89 | -3.45 | 0.19 | 2.30 | -1.66 | -4.48 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 6,237 | 5,163 | 5,088 | 6,191 | 7,756 | 9,113 | 12,359 | 5,133 | 6,557 | 8,869 | 7,050 | 5,284 | 4,565 |
Expenses | 7,084 | 5,776 | 4,542 | 5,646 | 6,992 | 9,119 | 11,842 | 4,958 | 7,480 | 9,892 | 7,693 | 5,749 | 5,244 |
Operating Profit | -847 | -613 | 546 | 545 | 764 | -6 | 517 | 175 | -923 | -1,023 | -643 | -465 | -679 |
Other Income | 131 | 218 | 210 | 150 | 127 | 79 | 828 | 987 | 973 | 1,046 | 1,443 | 1,451 | 1,046 |
Interest | 139 | 165 | 126 | 66 | 93 | 134 | 546 | 603 | 486 | 507 | 461 | 291 | 232 |
Depreciation | 148 | 127 | 180 | 199 | 231 | 256 | 1,734 | 1,558 | 1,290 | 1,019 | 748 | 638 | 653 |
Profit before tax | -1,003 | -687 | 450 | 431 | 567 | -316 | -935 | -998 | -1,725 | -1,503 | -409 | 58 | -519 |
Net Profit | -1,003 | -687 | 450 | 431 | 567 | -316 | -935 | -998 | -1,725 | -1,503 | -409 | 58 | -519 |
EPS in Rs | -18.74 | -11.46 | 7.50 | 7.19 | 9.45 | -5.27 | -15.58 | -16.61 | -28.67 | -24.97 | -5.23 | 0.41 | -3.65 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 535 | 599 | 599 | 599 | 599 | 600 | 600 | 601 | 602 | 602 | 783 | 1,413 | 1,414 |
Reserves | -1,530 | -1,685 | -1,638 | -1,209 | -642 | -950 | -2,179 | -3,172 | -4,890 | -3,833 | -3,369 | -730 | -1,601 |
Borrowings | 1,709 | 1,477 | 1,230 | 1,155 | 1,303 | 1,110 | 1,097 | 1,068 | 8,330 | 7,348 | 5,376 | 4,214 | 4,209 |
Other Liabilities | 2,233 | 2,215 | 2,656 | 2,445 | 2,772 | 4,048 | 13,354 | 12,879 | 5,479 | 6,163 | 6,167 | 4,219 | 4,410 |
Total Liabilities | 2,947 | 2,607 | 2,847 | 2,991 | 4,032 | 4,807 | 12,872 | 11,376 | 9,520 | 10,280 | 8,957 | 9,116 | 8,431 |
Fixed Assets | 1,877 | 1,714 | 1,628 | 1,620 | 1,598 | 1,604 | 8,681 | 7,000 | 5,540 | 3,973 | 2,536 | 2,084 | 1,879 |
Gross Block | 2,172.60 | 2,113.77 | 1,803.80 | 1,994.21 | 2,202.06 | 2,462.71 | 11,207.54 | 10,595.03 | 10,144.73 | 9,029.81 | 7,154.53 | 7,199.89 | – |
Accumulated Depreciation | 295.93 | 399.94 | 176.25 | 374.44 | 604.36 | 858.95 | 2,526.58 | 3,594.88 | 4,604.51 | 5,056.71 | 4,618.41 | 5,115.58 | – |
CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 6 | 5 | 10 | 10 |
Investments | 0 | 0 | 20 | 140 | 101 | 0 | 1 | 3 | 3 | 3 | 19 | 152 | 191 |
Other Assets | 1,070 | 893 | 1,199 | 1,231 | 2,333 | 3,203 | 4,190 | 4,367 | 3,972 | 6,297 | 6,396 | 6,869 | 6,352 |
Total Assets | 2,947 | 2,607 | 2,847 | 2,991 | 4,032 | 4,807 | 12,872 | 11,376 | 9,520 | 10,280 | 8,957 | 9,116 | 8,431 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 59 | -411 | 711 | 496 | 1,046 | 456 | 1,778 | 226 | 978 | 93 | -613 | -1,665 |
Cash from Investing Activity | -50 | 304 | -275 | -491 | -806 | -146 | -156 | 210 | -122 | 561 | 36 | -674 |
Cash from Financing Activity | -221 | 126 | -379 | -62 | -140 | -364 | -1,659 | -435 | -876 | -632 | 732 | 2,170 |
Net Cash Flow | -212 | 19 | 58 | -57 | 100 | -54 | -37 | 1 | -20 | 23 | 154 | -170 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 9 | 9 | 3 | 4 | 4 | 6 | 9 | 25 | 14 | 6 | 10 | 14 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 9 | 9 | 3 | 4 | 4 | 6 | 9 | 25 | 14 | 6 | 10 | 14 |
Working Capital Days | -122 | -130 | -149 | -117 | -114 | -94 | -129 | -371 | -360 | -313 | -346 | -291 |
ROCE % | -75% | -105% | 178% | 124% | 72% | -12% | -269% | – | -91% | -24% | 2% | 9% |
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