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SpiceJet Limited

SpiceJet Limited

SPICEJET.BO
SpiceJet LimitedIN flagBombay Stock Exchange
12.54
INR
+0.12
- -
19.14BMarket Cap
SpiceJet Limited
SPICEJET.BO
(Bombay Stock Exchange)

Recent

price

12.54

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
90.43
79.52
93.22
115.57
120.29
92.78
83.75
101.78
128.26
148.37
200.17
83.07
106.59
142.42
102.16
48.14
31.69
Revenue per Share
2.78
2.8
-14.35
-3.95
-19.16
-12.28
7.5
7.13
9.3
-5.04
-15.62
-17.16
-29
-25.13
-6.37
0.6
-5.42
Basic EPS, GAAP
4.9
-10.11
-17.36
-16.81
-0.44
-7.55
9.22
3.84
12.7
4.25
25.38
2.52
16.07
1.63
-9.85
-16.79
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
10.03
-8.73
-20.97
10.02
10.22
10.71
10
-26.81
-17.51
-22.58
-43.27
-60.26
-89.09
-114.15
-107.06
-60.92
- -
Book Value per Share
19.75
8.84
-3.5
-4.66
-19.07
-26.59
-17.35
-10.23
-1
-6.05
-26.65
-43.59
-72.24
-97.23
-78.87
-18.56
- -
Tangible Book Value per Share
241
362
422
483
524
560
599
599
599
599
600
600
601
602
664
1,054
1,430
Basic Weighted Avg Shares
21,811
28,770
39,362
55,853
62,987
51,913
50,204
61,014
76,885
88,945
120,055
49,868
64,098
85,720
67,790
50,737
45,315
Sales/Revenue/Turnover
1.99
3.9
-14.08
-2.51
-14.31
-13.51
8.65
7.05
7.58
-1.59
-3.63
-31.86
-29.72
-14.45
-12.77
-17.47
-21.41
Operating Margin (%)
76
89
310
835
1,483
1,266
1,798
1,986
2,313
2,564
17,354
15,612
12,933
10,227
7,531
6,448
- -
Depreciation Expense
670
1,012
-6,058
-1,911
-10,032
-6,871
4,498
4,272
5,572
-3,024
-9,366
-10,299
-17,441
-15,128
-4,228
628
-7,746
Net Income, GAAP
8.67
19.3
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
3.07
3.52
-15.39
-3.42
-15.93
-13.23
8.96
7
7.25
-3.4
-7.8
-20.65
-27.21
-17.65
-6.24
1.24
-17.09
Profit Margin (%)
-2,958
-4,814
-9,390
-9,453
-20,801
-23,255
-19,452
-17,592
-21,568
-22,500
-43,264
-51,842
-64,465
-78,619
-65,892
-39,424
- -
Working Capital
4,383
- -
6,504
14,300
12,363
11,161
9,209
7,760
6,510
5,566
72,570
56,663
46,454
33,101
23,924
17,553
- -
LT Debt
4,783
3,211
-1,472
-2,244
-9,945
-14,852
-10,389
-6,126
-559
-3,500
-15,804
-26,042
-43,403
-58,506
-52,186
-19,444
- -
Total Equity
4.26
13.69
- -
- -
- -
- -
305.45
98.98
60.2
- -
- -
- -
- -
- -
- -
-71.75
- -
Return on Invested Capital (%)
10.98
46.8
- -
- -
- -
- -
29.08
70.95
-645.03
- -
- -
- -
- -
- -
- -
-13.66
-15.79
Return on Capital (%)
27.76
- -
- -
- -
-196.79
-121.1
75.03
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
- -
27,513
- -
LT Borrowings
- -
5,510
- -
LT Finance Leases
- -
9,105
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
1,414
- -
Market Capitalization
52,441
39,779
42,520

Working Capital

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
- -
27,526
- -
Cash, Cash Equivalents & STI
- -
8,966
- -
Accounts Receivable, Net
- -
1,016
- -
Inventories
- -
1,752
- -
Total Current Liabilities
- -
71,030
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
27,513
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
80.82%
18.54%
-62.74%
Free Cash Flow
13.46%
-47.66%
170.71%
Net Income, GAAP
-20.55%
-24.17%
-114.84%
Sales/Revenue/Turnover
5.26%
-8.45%
-25.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
19,174
13,475
18,505
16,621
67,790
2025
16,462
8,528
11,788
13,960
50,737
2026
10,599
7,301
13,455
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.28
-7.18
-4.37
- -
-6.37
2025
2.01
-3.57
0.16
- -
0.6
2026
-1.66
-4.4
-1.78
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
SpiceJet Limited is an Indian low-cost airline providing scheduled passenger and cargo air transportation services; it operates domestic flights to over 60 destinations and international routes to 13 locations primarily from hubs in Delhi and Hyderabad, along with freighter services through its SpiceXpress division using Boeing 737-700BDSF aircraft; the carrier offers ancillary services including SpiceMax premium economy seating with extra legroom, priority boarding, meals, and baggage handling, as well as UDAN regional connectivity flights on routes like Delhi-Amritsar, Guwahati-Patna, and Shivamogga-Chennai. Headquartered in Gurgaon, Haryana, and founded in 2005 after acquisition and rebranding from ModiLuft origins in 1984, SpiceJet employs a fleet comprising Boeing 737-700/800/900ER/MAX 8 variants, De Havilland Canada Dash 8-400 turboprops, and cargo planes, serving budget-conscious leisure and business travelers across India and select international markets. In recent developments, SpiceJet settles a $90.8 million dispute with Export Development Canada in November 2024 by paying $22.5 million to gain outright ownership of 13 Q400 aircraft, reducing lease costs and enabling expansion of regional UDAN operations; the airline secures $89.5 million liquidity in September 2025 via Carlyle Aviation Partners settlement, unlocking maintenance reserves; it expands its fleet by inducting 20 aircraft between October and November 2025 through reactivations, wet-leases including Boeing 737s and Airbus A340, and ACMI arrangements to double capacity and triple available seat kilometers for the winter season; additionally, SpiceJet raises funds through qualified institutional placement and plans to unground more aircraft toward a 100-plane fleet by 2026.