Whalesbook
Yeh ₹144 Crore ka mamla ab seedha Delhi High Court mein ja chuka hai. Ajay Singh, jo ki SpiceJet ke Chairman hain, ne Supreme Court mein kaha ki woh apni Gurugram wali property ko guarantee ke taur par de sakte hain agar ₹144 Crore ka immediate payment nahi ho pa raha hai. Isse pata chalta hai ki airline ki jeb bilkul khaali hai. Airline ne yeh bhi kaha ki 'public interest, private interest se upar hai' taaki hazaro employees ki naukri na jaye. Abhi SpiceJet ka share price lagbhag ₹12.11 se ₹12.51 ke beech mein chal raha hai, aur company ki market cap around ₹1,848 Cr se ₹2,136 Cr tak hai (mid-May 2026 tak ke figures ke mutabik). Sad news yeh hai ki P/E ratio negative chal raha hai (around -2.39 to -5.94) aur book value bhi negative hai, matlab company loss mein hi chal rahi hai.
Indian aviation market toh badh raha hai, lekin SpiceJet jaisi companies ke liye mushkil hai. Wahi, IndiGo jaise competitors dhamakedar performance de rahe hain. IndiGo ne pichhle financial year (FY24-25) mein ₹7,253.30 Crore ka tagda profit kamaya hai aur market ka 60% se zyada hissa control karta hai. Unke paas acchi fleet, mazboot operations hain. SpiceJet ki baat karein toh woh lagaar loss mein hai, auditors bhi bol rahe hain ki company chal paayegi ya nahi, iska koi bharosa nahi.
Ab upar se West Asia ka crisis bhi is airline ki jaan le raha hai. March mein SpiceJet ki 55% international flights cancel karni padi. Is global situation ki wajah se sector ko lagbhag ₹6,000 Crore ka nuksaan hua hai. Flight paths lambi ho gayi hain, jiski wajah se fuel zyaada jal raha hai - lagbhag 1.3 se 1.9 tonnes per flight extra. Fuel prices bhi badh gaye hain, ab operating expenses ka 55-60% sirf fuel mein ja raha hai, jo pehle 40% tha.
Pichhle kuch saalon mein SpiceJet ki financial health kafi kharab hui hai. Promoters ka stake bhi bas 24.19% hai, aur usmein se bhi 39% se zyada pledged hai. Pehle bhi lessors ke saath inki paiso ki ladai hui hai, jiske chalte court ne $8 million dene ka order diya tha. Halanki ek mamle mein Delhi High Court ne Kalanithi Maran ka ₹1,300 Crore ka damages claim cancel kar diya tha, par ye paiso ke mamle baar baar aa rahe hain. Stock ki performance bhi ekdum gir gayi hai, pichhle ek saal mein 72% stock neeche chala gaya hai.
Toh bhaiyo, SpiceJet ka future abhi toh kaafi uncertain lag raha hai. Dekhna padega ki yeh legal liabilities, badhte kharch aur paiso ki kami se kaise nipaatate hain. Sector badh raha hai, par SpiceJet ke liye iska fayda uthana mushkil lag raha hai jab tak woh apni financial problems solve nahi kar lete.