SpiceJet
Aviation
500285 BSE
₹7.64 +0.11 (+1.46%)
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹7.64 −27.99 −78.6% 1Y
Start ₹35.63
Key Fundamentals
MicrocapTransport ServicesServicesPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 9.10%
- Debt to Equity
- Not meaningful: shareholders’ equity is negative
- EPS (TTM)
- −₹5.60
- Book Value
- −₹15.22
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- Not meaningful: book value is negative
- ROE
- Not meaningful: shareholders’ equity is negative
- Dividend Yield
- 0.00%
- EBITDA
- ₹1,001 Cr
- 52W High
- ₹37.90
- 52W Low
- ₹7.40
- Day Range
- ₹7.41 – ₹7.68
- Volume
- 23,51,296
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
12 Poor
Data confidence 86/100
Category scores
- Quality
- 10
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 26
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 13
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 11
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 6
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 2
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
7- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -6.80%
- The company has delivered a poor sales growth of -15.6% over past five years.
- Promoter holding is low: 24.2%
- Contingent liabilities of Rs.806 Cr.
- Promoters have pledged 39.8% of their holding.
- Earnings include an other income of Rs.746 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 4 | 3 |
| Oscillators | Bullish | 2 | 4 | 3 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bullish
Bearish
2
Neutral
4
Bullish
3
Overall
Strong Bearish
Bearish
12
Neutral
4
Bullish
3
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 35.13
- Neutral
- MACD (12,26,9)
- −0.46
- Bearish
- SMA (50)
- 9.01
- Bearish
- SMA (200)
- 12.95
- Bearish
As of
Analyst Rating
Based on 3 analysts
2 of 3 analysts rate Buy, 0 Hold, 1 Sell.
As of
BUY
2
67% HOLD
0
0% SELL
1
33% Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2025; 1Y: fiscal year to Mar 2025 against Mar 2024; TTM: four quarters to Dec 2025 against Dec 2024.
Revenue
| 10Y | +0.23% |
|---|---|
| 5Y | −15.63% |
| 3Y | −6.94% |
| 1Y | −25.05% |
| TTM | −15.12% |
Net profit
| 10Y | Turned to profit |
|---|---|
| 5Y | Turned to profit |
| 3Y | Turned to profit |
| 1Y | Turned to profit |
| TTM | Loss widened by ₹665 Cr |
Operating cash flow
| 10Y | Outflow widened by ₹1,254 Cr |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Outflow widened by ₹1,052 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +3.07 pp |
|---|---|
| 5Y | −12.98 pp |
| 3Y | +5.28 pp |
| 1Y | +0.31 pp |
| TTM | −0.79 pp |
Revenue by year
| Mar 2016 | ₹5,088 Cr |
|---|---|
| Mar 2017 | ₹6,191 Cr |
| Mar 2018 | ₹7,756 Cr |
| Mar 2019 | ₹9,113 Cr |
| Mar 2020 | ₹12,359 Cr |
| Mar 2021 | ₹5,133 Cr |
| Mar 2022 | ₹6,557 Cr |
| Mar 2023 | ₹8,869 Cr |
| Mar 2024 | ₹7,050 Cr |
| Mar 2025 | ₹5,284 Cr |
Net profit by year
| Mar 2016 | ₹450 Cr |
|---|---|
| Mar 2017 | ₹431 Cr |
| Mar 2018 | ₹567 Cr |
| Mar 2019 | −₹316 Cr |
| Mar 2020 | −₹935 Cr |
| Mar 2021 | −₹998 Cr |
| Mar 2022 | −₹1,725 Cr |
| Mar 2023 | −₹1,503 Cr |
| Mar 2024 | −₹409 Cr |
| Mar 2025 | ₹58.00 Cr |
Analyst Forecasts
Forecast For
Mar 26 consensus · EBITDA
₹170 Cr +234.7% vs Dec 25
Reported High Mean Low
Quarterly Results
₹ CrResults for the period ended Mar 2026 were due by 30 May 2026 and are not in this table yet.
| Particulars | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,315 | 2,145 | 2,002 | 1,425 | 1,904 | 1,719 | 1,696 | 911 | 1,231 | 1,446 | 1,106 | 781 | 1,384 |
| Expenses | 2,374 | 2,143 | 1,734 | 1,856 | 2,142 | 1,964 | 1,661 | 1,276 | 1,419 | 1,394 | 1,196 | 1,235 | 1,578 |
| Operating Profit | −60 | 2 | 268 | −431 | −238 | −245 | 35 | −365 | −188 | 53 | −90 | −454 | −194 |
| OPM % | −2.6% | 0.1% | 13% | −30% | −13% | −14% | 2.1% | −40% | −15% | 3.6% | −8% | −58% | −14% |
| Other Income | 515 | 357 | 266 | 301 | 245 | 635 | 372 | 166 | 420 | 495 | 84 | 46 | 120 |
| Interest | 115 | 118 | 122 | 113 | 126 | 100 | 87 | 87 | 60 | 56 | 62 | 53 | 51 |
| Depreciation | 234 | 224 | 207 | 188 | 183 | 170 | 170 | 155 | 146 | 166 | 168 | 173 | 144 |
| PBT | 107 | 17 | 205 | −432 | −301 | 119 | 150 | −442 | 25 | 325 | −235 | −634 | −269 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 107 | 17 | 205 | −432 | −301 | 119 | 150 | −442 | 25 | 325 | −235 | −634 | −269 |
| EPS (₹) | 1.77 | 0.28 | 3.4 | −6.31 | −4.41 | 1.52 | 1.89 | −3.45 | 0.19 | 2.3 | −1.66 | −4.48 | −1.76 |
Profit & Loss
₹ Cr| Particulars | 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 | 4,718 |
| Expenses | 7,084 | 5,776 | 4,542 | 5,646 | 6,992 | 9,119 | 11,842 | 4,958 | 7,480 | 9,892 | 7,692 | 5,749 | 5,403 |
| Operating Profit | −847 | −613 | 546 | 545 | 764 | −6 | 517 | 175 | −923 | −1,023 | −642 | −465 | −685 |
| OPM % | −14% | −12% | 11% | 9% | 10% | −0.1% | 4.2% | 3.4% | −14% | −12% | −9% | −9% | −15% |
| Other Income | 131 | 218 | 210 | 150 | 127 | 79 | 828 | 987 | 973 | 1,046 | 1,443 | 1,451 | 746 |
| Interest | 139 | 165 | 126 | 66 | 93 | 134 | 546 | 603 | 486 | 507 | 462 | 291 | 223 |
| Depreciation | 148 | 127 | 180 | 199 | 231 | 256 | 1,734 | 1,558 | 1,290 | 1,019 | 748 | 638 | 651 |
| PBT | −1,003 | −687 | 450 | 431 | 567 | −316 | −935 | −998 | −1,725 | −1,503 | −409 | 58 | −813 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | −1,003 | −687 | 450 | 431 | 567 | −316 | −935 | −998 | −1,725 | −1,503 | −409 | 58 | −813 |
| EPS (₹) | −18.74 | −11.46 | 7.5 | 7.19 | 9.45 | −5.27 | −15.58 | −16.61 | −28.67 | −24.97 | −5.23 | 0.41 | −5.6 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | 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 |
| 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 |
Cash Flow
₹ Cr| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 59 | −411 | 711 | 496 | 1,046 | 456 | 1,778 | 226 | 978 | 93 | −613 | −1,665 |
| Investing | −50 | 304 | −275 | −491 | −806 | −146 | −156 | 210 | −122 | 561 | 36 | −674 |
| Financing | −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 |
| Free Cash Flow | −23 | −368 | 553 | 248 | 790 | 256 | 1,525 | 165 | 950 | 112 | −659 | −1,749 |
| CFO/EBITDA | −8 | 66 | 130 | 90 | 138 | −8,302 | 350 | 108 | −112 | −13 | 93 | 369 |
Ratios
| Particulars | 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 |
| 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view SpiceJet insights
61 extracted metrics across FY10–FY26.
Documents
- 29 Jun 2023
- 29 Jul 2026
- 22 Jul 2026
- 20 Apr 2026
- 9 Apr 2026
- 30 Sep 2025
- General announcements 23 Jul 2026
- General announcements 6 Jun 2026
Frequently Asked Questions about SpiceJet
What does SpiceJet Ltd do?
SpiceJet Ltd is principally engaged in the business of providing air transport services for the carriage of passengers and cargo.
Where is SpiceJet Ltd (SPICEJET) listed?
SpiceJet Ltd trades under code 500285 on the BSE.
Which sector does SpiceJet Ltd belong to?
SpiceJet Ltd is classified under the Aviation sector, in the Airline industry.
What is the 52-week high and low of SpiceJet Ltd?
Over the last 52 weeks SpiceJet Ltd has traded between ₹7.4 and ₹37.9 as of 4 Nov 2026.
Company Information
SpiceJet Ltd is principally engaged in the business of providing air transport services for the carriage of passengers and cargo.
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