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SpiceJet Ltd
SPICEJET NSE
SpiceJet Ltd
ServicesNSE: SPICEJET BSE: 500285 Transport Services
Key Fundamentals
MicrocapAirlineAviationMarket Cap
₹1,793 Cr
Volatility
Moderate
P/E Ratio
-2.3
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
₹9.53
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view SpiceJet Ltd insights
38 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
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
-20.60% ↘
Net Income Growth
-114.61% ↘
Cash Flow Change
-183.51% ↘
ROE
-139.29% ↘
ROCE
28854.72% ↗
EBITDA Margin (Avg.)
58.52% ↘
Quarterly Results
| 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
| 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
| 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
| 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
| 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% |
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
Clarification sought from Spicejet Ltd
19 Feb - Exchange has sought Clarification from Spicejet Ltd with reference to the media report appearing on https://economictimes.indiatimes.com dated February 19, 2026, (Link: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/bangladesh-bars-spicejet-from-using-its-airspace-over-dues-airline-says-working-for-early-resolution/articleshow/128545569.cms) titled "Bangladesh bars … 19 Feb - Exchange has sought Clarification from Spicejet Ltd with reference to the media report appearing on https://economictimes.indiatimes.com dated February 19, 2026, (Link: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/bangladesh-bars-spicejet-from-using-its-airspace-over-dues-airline-says-working-for-early-resolution/articleshow/128545569.cms) titled "Bangladesh bars …
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 Ltd
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 is listed on the Indian stock exchanges. It is listed on NSE: SPICEJET and BSE: 500285. You can view its live share price, financials, and ratios on Tapetide.
Which sector does SpiceJet Ltd belong to?
SpiceJet Ltd operates in the Services sector within the Transport Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of SpiceJet Ltd?
SpiceJet Ltd has a market capitalisation of approximately ₹1793.14 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of SpiceJet Ltd?
The Price-to-Earnings (PE) ratio of SpiceJet Ltd is -2.30. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of SpiceJet Ltd?
Over the past 52 weeks, SpiceJet Ltd has traded between a low of ₹9.53 and a high of ₹40.59. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of SpiceJet Ltd?
SpiceJet Ltd has a Return on Equity (ROE) of -3.19%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research SpiceJet Ltd on Tapetide?
On Tapetide, you can view SpiceJet Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
SpiceJet Ltd is principally engaged in the business of providing air transport services for the carriage of passengers and cargo.[1]