SpiceJet Ltd

SpiceJet Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SpiceJet Ltd

₹ 49.6 2.29%
06 Mar - close price
spicejet.com BSE: 500285 NSE: SPICEJET
About

SpiceJet Ltd is principally engaged in the business of providing air transport services for the carriage of passengers and cargo.[1]

Key Points

Company Overview
SpiceJet 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]

Website BSE NSE
  • Market Cap ₹ 6,353 Cr.
  • Current Price ₹ 49.6
  • High / Low ₹ 79.9 / 39.9
  • Stock P/E
  • Book Value ₹ -20.3
  • Dividend Yield 0.00 %
  • ROCE 5.17 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.93% over past five years.
  • Promoter holding is low: 29.1%
  • Promoters have pledged 40.3% of their holding.
  • Earnings include an other income of Rs.1,586 Cr.
  • Promoter holding has decreased over last 3 years: -30.3%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Air Transport Service Industry: Transport - Airlines

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
2,263 1,870 2,457 1,954 2,317 2,145 2,004 1,429 1,914 1,738 1,708 915 1,237
2,146 2,188 2,847 2,510 2,363 2,160 1,738 1,872 2,145 1,973 1,659 1,290 1,425
Operating Profit 116 -318 -390 -555 -46 -15 265 -443 -231 -235 49 -376 -188
OPM % 5% -17% -16% -28% -2% -1% 13% -31% -12% -14% 3% -41% -15%
337 255 17 147 506 354 263 297 242 636 370 163 417
Interest 88 144 130 143 115 120 123 114 126 102 88 88 61
Depreciation 323 279 281 282 235 225 208 189 184 173 172 158 148
Profit before tax 42 -485 -784 -833 110 -6 198 -449 -299 127 158 -458 20
Tax % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
42 -485 -784 -833 110 -6 198 -449 -299 127 158 -458 20
EPS in Rs 0.71 -8.06 -13.02 -13.85 1.84 -0.10 3.28 -6.56 -4.36 1.62 2.00 -3.57 0.16
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
5,088 6,191 7,760 9,121 12,375 5,171 6,604 8,874 7,085 5,599
4,542 5,649 7,002 9,113 11,840 4,984 7,517 9,878 7,728 6,348
Operating Profit 546 543 758 8 534 187 -913 -1,005 -642 -749
OPM % 11% 9% 10% 0% 4% 4% -14% -11% -9% -13%
210 149 124 79 811 827 949 1,023 1,439 1,586
Interest 126 66 93 134 546 483 487 509 467 339
Depreciation 180 199 231 256 1,735 1,561 1,293 1,023 753 651
Profit before tax 450 427 557 -302 -937 -1,030 -1,744 -1,513 -424 -153
Tax % -0% -0% -0% 0% -0% -0% -0% -0% -0%
450 427 557 -302 -937 -1,030 -1,744 -1,513 -424 -153
EPS in Rs 7.50 7.13 9.30 -5.04 -15.61 -17.14 -28.98 -25.14 -5.40 0.21
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: -5%
3 Years: 11%
TTM: -25%
Compounded Profit Growth
10 Years: %
5 Years: -24%
3 Years: 17%
TTM: 73%
Stock Price CAGR
10 Years: 9%
5 Years: -5%
3 Years: -3%
1 Year: -20%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 599 599 599 600 600 601 602 602 783 1,282
Reserves -1,638 -1,212 -655 -950 -2,180 -3,205 -4,942 -6,452 -6,001 -3,878
1,230 1,155 1,303 1,110 1,097 9,518 8,332 7,349 5,379 5,020
2,656 2,448 2,772 4,045 13,344 4,438 5,562 6,272 6,311 6,037
Total Liabilities 2,847 2,991 4,019 4,805 12,861 11,352 9,555 7,771 6,472 8,461
1,628 1,620 1,598 1,626 8,714 7,033 5,569 4,006 2,571 2,255
CWIP -0 -0 -0 -0 -0 6 6 20 7 6
Investments 20 140 101 0 0 0 0 0 1 1
1,199 1,231 2,320 3,178 4,146 4,313 3,979 3,743 3,894 6,199
Total Assets 2,847 2,991 4,019 4,805 12,861 11,352 9,555 7,771 6,472 8,461

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
711 479 1,036 456 1,784 228 1,004 82 -596
-275 -492 -825 -145 -161 212 -148 550 35
-379 -43 -110 -364 -1,660 -437 -878 -610 730
Net Cash Flow 58 -56 100 -53 -37 3 -22 22 169

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 3 4 4 6 9 23 14 7 8
Inventory Days
Days Payable
Cash Conversion Cycle 3 4 4 6 9 23 14 7 8
Working Capital Days -141 -101 -96 -77 -117 -97 -156 -151 -197
ROCE % 123% 72% -11% -270% -17% -22% -37% 5%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
59.40% 59.40% 59.39% 59.39% 58.98% 58.98% 56.53% 55.28% 48.27% 47.67% 29.14% 29.14%
1.19% 1.18% 1.19% 0.65% 0.43% 0.35% 0.29% 0.33% 1.73% 1.81% 22.87% 15.76%
0.03% 0.04% 0.04% 0.01% 0.01% 0.01% 0.01% 0.04% 5.30% 5.05% 8.45% 7.57%
39.38% 39.38% 39.37% 39.95% 40.58% 40.67% 43.16% 44.35% 44.71% 45.48% 39.55% 47.55%
No. of Shareholders 3,93,2823,93,8553,97,2943,93,2003,89,9823,89,7003,99,6184,04,1073,97,7053,79,1353,82,6014,25,659

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Feb 2025
    Transcript
    Notes
    PPT
  • Sep 2024
    Transcript
    Notes
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