Spicejet
- Market cap
- ₹ 1,200 Cr.
- P/E
- 14.5x
- 52-week range
- 7.47 – 39.7
- ROCE
- 9%
- Dividend yield
- 0%
- Sector
- Transport Services
- Industry
- Airline
- Listed on
- NSE, BSE
About
SpiceJet Limited is an India-based airline company. The Company is principally engaged in the business of providing air transport services for the carriage of passengers and cargo. The Company is a low-cost carrier (LCC) operating under the brand name of SpiceJet in India. The Company has a reasonable fleet size operating across various routes in India and abroad. The Company operates approximately 250 daily flights to 48 destinations within India and to international destinations. Its fleet is an apt mix of large, medium and small metal birds that includes Boeing 737 Max, Boeing 700 and Q400s. It also offers add on services, including SpiceMax, SpiceCafe, You1st, BagProtekt, SpicePlus and others. The Company’s segments include Air Transport Services, and Freighter and Logistics Services. Its Air Transport Services includes inter alia, passenger transport and ancillary cargo operations arising from passenger aircraft operations. It also offers SpiceClub Program.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Airline: 6 companies →Spicejet against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)14.5 against a typical 21.6: cheaper than most peers (1st = cheapest).1st of 5
- Sales growth+12.4% against a typical +16.2% from a year earlier.3rd of 4
- Profit growth−1,176% against a typical −110.9% from a year earlier.3rd of 3
- Share price, 3 months−29.4% against a typical −12.9%.5th of 5
- Size₹ 1,199.5 Cr. market value against a typical ₹ 615.2 Cr. (1st = largest).1st of 4
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated D by 2 agencies- Acuite lowered its rating on 29 Jul 2026.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Acuite | ACUITE D | — | 29 Jul 2026 |
| CARE | CARE D | — | 22 Jul 2026 |
| CRISIL | — | — | 30 Sep 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 29 Jul 2026 | ▼ Downgrade8 notches | ACUITE BB → ACUITE D | — | Acuite | ₹ 1,450 Cr. | |
| 22 Jul 2026 | ▼ Downgrade6 notches | CARE B+ → CARE D | — | CARE | ₹ 1,044.91 Cr. | |
| 20 Apr 2026 | Reaffirmed | ACUITE BB | — | Acuite | ₹ 1,450 Cr. | |
| 9 Apr 2026 | ▼ Downgrade | CARE B+ | — | CARE | ₹ 1,044.91 Cr. | |
| 30 Sep 2025 | Rating action | — | — | CRISIL | ₹ 220 Cr. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 2,145 | 2,002 | 1,425 | 1,904 | 1,719 | 1,696 | 911 | 1,231 | 1,446 | 1,106 | 781 | 1,384 |
| Expenses | 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 | 2 | 268 | −431 | −238 | −245 | 35 | −365 | −188 | 53 | −90 | −454 | −194 |
| OPM % | 0.1% | 13% | −30% | −13% | −14% | 2.1% | −40% | −15% | 3.6% | −8% | −58% | −14% |
| Other Income | 357 | 266 | 301 | 245 | 635 | 372 | 166 | 420 | 495 | 84 | 46 | 120 |
| Interest | 118 | 122 | 113 | 126 | 100 | 87 | 87 | 60 | 56 | 62 | 53 | 51 |
| Depreciation | 224 | 207 | 188 | 183 | 170 | 170 | 155 | 146 | 166 | 168 | 173 | 144 |
| Profit before tax | 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% |
| Net Profit | 17 | 205 | −432 | −301 | 119 | 150 | −442 | 25 | 325 | −235 | −634 | −269 |
| EPS in Rs | 0.28 | 3.4 | −6.31 | −4.41 | 1.52 | 1.89 | −3.45 | 0.19 | 2.3 | −1.66 | −4.48 | −1.76 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 0%
- 5 Years
- −16%
- 3 Years
- −7%
- TTM
- −15%
- 10 Years
- 8%
- 5 Years
- 16%
- 3 Years
- 27%
- TTM
- −438%
- 10 Years
- −17%
- 5 Years
- −34%
- 3 Years
- −36%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
Peers
Listed companies in the same business.
| Spicejet | ₹ 7.98 | ₹ 1,200 Cr. | 14.5x | — | — | — |
| AFCOM Holdings | ₹ 1,315.55 | ₹ 3,775 Cr. | 29.3x | 9x | 41.8% | 23.7% |
| Jet Freight Logistics | ₹ 17.10 | ₹ 79 Cr. | 16.1x | 1.5x | 10.1% | 1.5% |
Management
- Ajay Singh
- Chairman of the Board, Managing Director
- Joyakesh Podder
- Deputy Chief Financial Officer
- Chandan Sand
- Executive Director, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.