SpiceJet
SPICEJET NSE
SpiceJet
ServicesNSE: SPICEJET BSE: 500285 Transport Services
Key Fundamentals
MicrocapAirlineAviationMarket Cap
₹1,309 Cr
Volatility
Low Risk
P/E Ratio
-1.8
EBITDA
₹1,001 Cr
Return on Equity
-3.19%
Debt to Equity
6.17
Book Value
₹-15.22
EPS
₹0
52W High
₹40.59
52W Low
₹8.85
Tapetide Score
Data-driven rating, 0–100. How it works →
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.
Growth Rate
Revenue Growth
-20.6% lower than
3Y
Net Income Growth
-115% lower than
3Y
Cash Flow Change
-184%
ROE
-139% lower than
3Y
ROCE
—
EBITDA Margin (Avg.)
58.52%
Quarterly Results
| 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 in Rs | 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
| 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 in Rs | -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
| 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
| 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/OP | -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
59 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Confirmation Regarding Company Not Falling Under Large Corporate Criteria As On March 31, 2026.
28 Apr - SpiceJet confirms it is not a Large Corporate as of March 31, 2026. 28 Apr - SpiceJet confirms it is not a Large Corporate as of March 31, 2026.
2
Confirmation Regarding Company Not Falling Under Large Corporate Criteria As On March 31, 2026.
28 Apr - SpiceJet confirms it is not a Large Corporate as of March 31, 2026. 28 Apr - SpiceJet confirms it is not a Large Corporate as of March 31, 2026.
4
Closure of Trading Window
27 Mar - Trading window closed from April 1, 2026 until audited FY2025-26 results declared plus 48 hours. ","checklist":["Confirm announcement nature (compliance/regulatory)","Assess investor impact and materiality","Assign priority tag … 27 Mar - Trading window closed from April 1, 2026 until audited FY2025-26 results declared plus 48 hours. ","checklist":["Confirm announcement nature (compliance/regulatory)","Assess investor impact and materiality","Assign priority tag …
5
Announcement under Regulation 30 (LODR)-Press Release / Media Release
2 Mar - Court-directed INR144 crore deposit; SpiceJet paid INR730 crore; expects INR449 crore refund pending appeal. 2 Mar - Court-directed INR144 crore deposit; SpiceJet paid INR730 crore; expects INR449 crore refund pending appeal.
5
Confirmation Regarding Company Not Falling Under Large Corporate Criteria As On March 31 2026. 28 Apr 2026
General_Announcements
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.[1]
Where is SpiceJet Ltd (SPICEJET) listed?
SpiceJet Ltd trades as SPICEJET on the NSE and under code 500285 on the BSE.
Which sector does SpiceJet Ltd belong to?
SpiceJet Ltd is classified under the Services sector, in the Transport Services industry.
What is the market capitalisation of SpiceJet Ltd?
SpiceJet Ltd has a market capitalisation of ₹1,309 Cr, which places it in the Small Cap band.
What is the PE ratio of SpiceJet Ltd?
SpiceJet Ltd trades at a PE ratio of -1.80, on earnings per share of ₹0, against a book value of ₹-15.22 per share.
What is the 52-week high and low of SpiceJet Ltd?
Over the last 52 weeks SpiceJet Ltd has traded between ₹8.85 and ₹40.59.
What is the Return on Equity (ROE) of SpiceJet Ltd?
SpiceJet Ltd reported a return on equity of -3.19%. Its debt-to-equity ratio is 6.17.
Company Information
SpiceJet Ltd is principally engaged in the business of providing air transport services for the carriage of passengers and cargo.[1]
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