Arthneeti

SpiceJet Share Price & Earnings Call Analysis

₹7.53-1.05% today
Market cap
₹1,149 Cr
Price to sales
0.24
Debt to equity
0.00
52W high / low
₹37.3 / ₹7.49
Sales growth (5Y)
-15.63%
EBITDA margin
-14.52%
Net profit margin
1.12%
Promoter holding
24.19%
Sales (last year)
₹4,718 Cr

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

Potential multibaggers · Q2 FY27

Potential multibaggers in Transport Services
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does SpiceJet rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Transport Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹759 Cr23.8
240%+Flat₹15,957 Cr70.8
340%+Flat₹3,664 Cr24.9
440%+Flat₹551 Cr15.4
520–40%Up 2%+₹478 Cr6.3
620–40%Up 2%+₹220 Cr7.6

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Pro shows every company guiding 40%+ revenue growth →Full Transport Services ranking

Financials of SpiceJet

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of SpiceJet

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +2,3152,1452,0021,4251,9041,7191,6969111,2311,4461,1067811,384
Expenses +2,3742,1431,7341,8562,1421,9641,6611,2761,4191,3941,1961,2351,578
Operating Profit-602268-431-238-24535-365-18853-90-454-194
OPM %-3%0%13%-30%-13%-14%2%-40%-15%4%-8%-58%-14%
Other Income +5153572663012456353721664204958446120
Interest11511812211312610087876056625351
Depreciation234224207188183170170155146166168173144
Profit before tax10717205-432-301119150-44225325-235-634-269
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit +10717205-432-301119150-44225325-235-634-269
EPS in Rs1.770.283.40-6.31-4.411.521.89-3.450.192.30-1.66-4.48-1.76

Financials of SpiceJet

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +6,2375,1635,0886,1917,7569,11312,3595,1336,5578,8697,0505,2844,718
Expenses +7,0845,7764,5425,6466,9929,11911,8424,9587,4809,8927,6925,7495,403
Operating Profit-847-613546545764-6517175-923-1,023-642-465-685
OPM %-14%-12%11%9%10%-0%4%3%-14%-12%-9%-9%-15%
Other Income +131218210150127798289879731,0461,4431,451746
Interest1391651266693134546603486507462291223
Depreciation1481271801992312561,7341,5581,2901,019748638651
Profit before tax-1,003-687450431567-316-935-998-1,725-1,503-40958-813
Tax %0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit +-1,003-687450431567-316-935-998-1,725-1,503-40958-813
EPS in Rs-18.74-11.467.507.199.45-5.27-15.58-16.61-28.67-24.97-5.230.41-5.60
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of SpiceJet

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital5355995995995996006006016026027831,4131,414
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 +1,7091,4771,2301,1551,3031,1101,0971,0688,3307,3485,3764,2144,209
Other Liabilities +2,2332,2152,6562,4452,7724,04813,35412,8795,4796,1636,1674,2194,410
Total Liabilities2,9472,6072,8472,9914,0324,80712,87211,3769,52010,2808,9579,1168,431
Fixed Assets +1,8771,7141,6281,6201,5981,6048,6817,0005,5403,9732,5362,0841,879
CWIP100000066651010
Investments00201401010133319152191
Other Assets +1,0708931,1991,2312,3333,2034,1904,3673,9726,2976,3966,8696,352
Total Assets2,9472,6072,8472,9914,0324,80712,87211,3769,52010,2808,9579,1168,431

Financials of SpiceJet

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +59-4117114961,0464561,77822697893-613-1,665
Cash from Investing Activity +-50304-275-491-806-146-156210-12256136-674
Cash from Financing Activity +-221126-379-62-140-364-1,659-435-876-6327322,170
Net Cash Flow-2121958-57100-54-371-2023154-170
Free Cash Flow-23-3685532487902561,525165950112-659-1,749
CFO/OP-8%66%130%90%138%-8,302%350%108%-112%-13%93%369%

Financials of SpiceJet

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days9934469251461014
Inventory Days
Days Payable
Cash Conversion Cycle9934469251461014
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%
1out of 100

Momentum score · price trend

1 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−79.8%0%
Last 6 months−40.1%2%
Last 3 months−32.9%3%

The price is 94.9% below its all-time high of ₹150.35 (3 Nov 2017). Stocks more than 20% below their peak have their score halved, so 1 became 1.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For SpiceJet: 0.4 × 0 + 0.4 × 2 + 0.2 × 3 = 1, halved to 1 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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