SpiceJet Limited
₹12.42+₹0.23 (+1.9%)
Last close · Data as of Jun 3, 2026
- Market cap
- ₹4,067 Cr
- EV / EBITDA
- 10.2x
- Revenue
- ₹5,284 Cr
- Net margin
- -5.8%
- ROCE
- -23.0%
Price chart
Technical chartScreen technicals →-71.3% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -2.3%
- 3M
- -11.4%
- 6M
- -61.0%
- 1Y
- -71.3%
- 5Y
- -83.0%
52-week range
Day change +₹0.23 (+1.9%) from ₹12 to ₹12 · Last close Jun 3, 2026
Best weekday to invest, historically
The same weekly amount in SPICEJET, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 15.8%
Concerns1
- Negative free cash flow (₹2339 Cr)
Rule-based from financial data. Not advice.
About the company
SpiceJet Limited engages in the provision of air transportation services. The company operates through Air Transport, and Freighter and Logistics Services segments. It offers passengers and cargo air transportation services under the SpiceJet brand name. The company also operates fleets covering routes, including domestic and international destinations. SpiceJet Limited was incorporated in 1984 and is headquartered in Gurugram, India.
- Sector
- Industrials
- Shares outstanding
- 153 Cr shares
- ISIN
- INE285B01017
- BSE code
- 500285
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹4,067 Cr
- P/B
- -20.0x
- EV / EBITDA
- 10.2x
- EV / Sales
- 1.2x
- P/S
- 0.6x
- 52-week high
- ₹45.49
- 52-week low
- ₹9.74
Profitability
- Operating margin
- -9.1%
- Net margin
- -5.8%
- EBITDA margin
- 11.3%
- ROE
- 15.8%
- ROCE
- -23.0%
- ROA
- -4.6%
- Dividend payout
- 0.0%
- Tax rate
- 0.0%
- Other income, % of PBT
- -352.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,284 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -25.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -10.6%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹800 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3378.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -114.2%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹613 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -759.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹170 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -12.9%
Solvency and efficiency
- Current ratio
- 1.04
- Debt / Assets
- 0.60
- Debt / EBITDA
- 6.72
- Financial leverage
- -3.46
- CFO / Net profit
- 1.50
- Cash / Market cap
- 157.3%
- Cash per share
- ₹41.83
- Asset turnover
- 0.79
- Fixed asset turnover
- 2.78
- Capital intensity
- 0.36
- Debtor days
- 10 days
- Cash conversion cycle
- 10 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹5,284 Cr |
| Expenses | ₹5,749 Cr |
| Operating profit | -₹465 Cr |
| Other income | ₹1,451 Cr |
| Interest | ₹291 Cr |
| Depreciation | ₹638 Cr |
| Profit before tax | ₹58 Cr |
| Tax and other | ₹0 Cr |
| Net profit | ₹58 Cr |
Revenue and net profit
Revenue fell 25.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹5,133 Cr | -₹998 Cr |
| FY2022 | ₹6,557 Cr | -₹1,725 Cr |
| FY2023 | ₹8,869 Cr | -₹1,503 Cr |
| FY2024 | ₹7,050 Cr | -₹409 Cr |
| FY2025 | ₹5,284 Cr | ₹58 Cr |
Cash flows
FY2025: -₹1,665 Cr from operations, -₹2,339 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹226 Cr | ₹436 Cr |
| FY2022 | ₹978 Cr | ₹856 Cr |
| FY2023 | ₹93 Cr | ₹654 Cr |
| FY2024 | -₹613 Cr | -₹577 Cr |
| FY2025 | -₹1,665 Cr | -₹2,339 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹5,284 Cr-25.0%1Y
- Net profit
- ₹58 Cr
- Cash from operations
- -₹1,665 Cr
- Free cash flow
- -₹2,339 Cr
- Revenue CAGR, 5Y
- -10.6%
- EBITDA CAGR, 5Y
- -9.9%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹5,284 Cr | -₹465 Cr | — | ₹58 Cr | -₹1,665 Cr | -₹2,339 Cr | 8.5% | -25.0% | -114.2% |
Monthly returns
Month-by-month returns of SPICEJET across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹9,116 Cr |
| Equity capital | ₹1,413 Cr |
| Reserves | -₹730 Cr |
| Borrowings | ₹4,214 Cr |
| Other liabilities | ₹4,219 Cr |
| Assets | ₹9,116 Cr |
| Fixed assets | ₹2,084 Cr |
| Capital work in progress | ₹10 Cr |
| Investments | ₹152 Cr |
| Other assets | ₹6,869 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
SPICEJET has no positive P/E; the peer median is 38.3x.
Not shown (no positive earnings and no EV / Sales): SpiceJet Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| SpiceJet LimitedSPICEJETthis company | ₹4,067 Cr | — | -20.0x | 15.8% | 10.2x |
| SG MART LIMITEDSGMART | ₹4,314 Cr | 44.9x | 2.9x | 5.6% | 44.8x |
| Ashoka Buildcon LimitedASHOKA | ₹4,227 Cr | 21.0x | 1.0x | 11.6% | 4.7x |
| RAGHAV PRODUCTIVITY ENHANCERS LIMITEDRPEL | ₹4,170 Cr | 154.0x | 21.9x | 15.7% | 112.3x |
| Precision Wires India ltd.PRECWIRE | ₹4,146 Cr | 37.3x | 6.2x | 14.4% | 26.6x |
| The Anup Engineering LtdANUP | ₹4,120 Cr | 34.8x | 6.7x | 19.5% | 29.7x |
| Greaves Cotton Ltd.GREAVESCOT | ₹4,008 Cr | 18.2x | 2.6x | 21.6% | 9.4x |
| KNR Constructions LimitedKNRCON | ₹3,994 Cr | 11.9x | 1.0x | 15.3% | 4.0x |
| EFC (I) LIMITEDEFCIL | ₹3,919 Cr | 156.0x | 7.0x | 0.8% | 484.2x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
SPICEJET since 1 January, against earlier years.
Historical volatility
SPICEJET's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 3.0% |
| FY2022 | -14.0% |
| FY2023 | -12.0% |
| FY2024 | -9.0% |
| FY2025 | -9.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹5,284 Cr |
| Costs | |
| Interest | ₹291 Cr |
| Expenses | ₹5,749 Cr |
| Operating profitOperating Profit | -₹465 Cr |
| Other income and charges | |
| Profit before tax | ₹58 Cr |
| Tax | |
| Net profitNet Profit | ₹58 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹9,116 Cr |
| Equity capitalEquity Capital | ₹1,413 Cr |
| Reserves | -₹730 Cr |
| Borrowings | ₹4,214 Cr |
| Other liabilitiesOther Liabilities | ₹4,219 Cr |
| AssetsTotal Assets | ₹9,116 Cr |
| Fixed assetsFixed Assets | ₹2,084 Cr |
| Capital work in progressCWIP | ₹10 Cr |
| Investments | ₹152 Cr |
| Other assetsOther Assets | ₹6,869 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹1,665 Cr |
| Investing cash flowCash from Investing Activity | -₹674 Cr |
| Financing cash flowCash from Financing Activity | ₹2,170 Cr |
| Change in cashNet Cash Flow | -₹170 Cr |
Learn while you research
Academy chapters picked for SpiceJet Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read