Spicejet Ltd.

SECTOR: Airlines

46.8
₹ 2.2 (4.93%)
Today's High: 46.8 Today's Low : 44.7
52 Week High: 152.60 52 Week Low : 30.80
 FinStar
FinStar Indicates the overall health and quality of a stock based on Finology Research.
Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

 Company Essentials

Market Cap

2808.35707932 Cr.

P/E

0

P/B

0

Face Value

₹10

Div. Yield

0%

Book Value (TTM)

-8.0697

Enterprise Value

3840.22007932 Cr.

CASH

77.897 Cr.

DEBT

1109.76 Cr.

Promoter Holding

59.93%

EPS (TTM)

-1.1898

Sales Growth

17.50 %

ROE

0.00 %

ROCE

-15.11 %

Profit Growth

-155.78 %

No. of Shares

60.0076299 Cr.

Add your own Ratio
* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

 Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

 Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

 Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Sales Growth

1 Year17.5%
3 Year21.44%
5 Year7.65%

 Profit Growth

1 Year-155.78%
3 Year-188.91%
5 Year11%

 ROE

1 Year0%
3 Year0%
5 Year0%

 ROCE

1 Year-15.11%
3 Year67.94%
5 Year61.45%

 Debt Equity

-3.11

 Price to Cash Flow

8.2

  Interest Cover Ratio

-0.93

 CFO/PAT (5 Yr Avg.)

0.818656281932745

 Share Holding Pattern

 Promoter Pledging %

Date Promoter % Pledge %
Mar 2020 59.93 44.01
Dec 2019 59.96 44.01
Sep 2019 59.96 39.36
Jun 2019 60 39.34
Mar 2019 60 39.34
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good revenue growth of 21.4430034006269% for the Past 3 years.
  • The company has an efficient Cash Conversion Cycle of -25.89 days.

 Limitations

  • The company has shown a poor profit growth of -188.90680733661% for the Past 3 years.
  • Company has a poor ROE of 0% over the past 3 years.
  • The company has a low EBITDA margin of 3.708% over the past 5 years.
  • The company has negative book value.
  • The company is trading at a high EV/EBITDA of 41.23.
  • Promoter pledging is high as 44.01%.

 Quarterly Result (All Figures are in Crores.)

Particulars Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
Net Sales 2486.81 2531.25 3002.07 2845.26 3647.13
Other Income 86.27 40.58 171.14 228.25 270.21
Total Expenditure 2415.88 2420.8 2410.42 2962.97 3240.71
Operating Profit 157.2 151.03 762.79 110.53 676.63
Interest 40.71 27.85 123.84 136.85 138.75
Depreciation 61.41 66.89 377.28 436.27 464.66
Exceptional Items 0 0 0 0 0
Profit Before Tax 55.08 56.29 261.67 -462.58 73.22
Tax 0 0 0 0 0
Profit After Tax 55.08 56.29 261.67 -462.58 73.22

 Profit & Loss (All Figures are in Crores except Adjusted EPS in Rs.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Net Sales 5243.1 5088.1 6191.3 7755.7 9113.3
Other Income 158.4 152.1 112.5 132.6 144.8
Total Expenditure 5858.3 4548 5617.9 6968.6 9090.8
Operating Profit -456.8 692.1 685.9 919.7 167.2
Interest 165 126.2 95.1 121.8 163.6
Depreciation 126.6 179.8 198.6 231.2 256.2
Exceptional Items 61.4 63.7 38.6 0 -63.5
Profit Before Tax -687.1 449.8 430.7 566.7 -316.1
Tax 0 0 0 0 0
Net Profit -687.1 449.8 430.7 566.7 -316.1
Adjusted EPS -11 8 7 9 -5

 Balance Sheet (All Figures are in Crores.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity and Liabilities
Share Capital 599.45 599.45 599.45 599.45 599.72
Total Reserves -1685.38 -1638.31 -1208.54 -642.42 -950.4
Borrowings 1119.87 920.92 775.98 650.95 556.63
Other N/C liabilities 210.78 339.2 356.8 326.71 966.58
Current liabilities 2361.88 2625.45 2467.21 3096.9 3622.55
Total Liabilities 2606.59 2846.71 2990.9 4031.59 4795.07
Assets
Net Block 1713.83 1627.56 1619.78 1597.7 1603.77
Capital WIP 0 0 0 0 0
Investments 0 0 0.04 0.05 0.05
Loans & Advances 310.18 416.45 420.49 854.71 1043.16
Other N/C Assets 34.44 122.42 258 656.77 785.91
Current Assets 548.15 680.28 692.59 922.35 1362.17
Total Assets 2606.59 2846.71 2990.9 4031.59 4795.07
* Other Non-current Liabilities include Net deferred Liabilities

 Cash Flows (All Figures are in Crores.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Profit Before Tax -748.41 386.09 392.17 566.65 -252.62
Adjustment 619.74 472.6 332.74 678.08 919.16
Working Capital Changes -275.47 -314.73 -402.53 -190.98 -318.72
Tax Paid -6.77 167.21 173.96 -7.91 -5.25
Operating Cash Flow -410.91 711.17 496.34 1045.84 342.57
Investing Cash Flow 303.84 -274.64 -491.77 -805.5 -186.09
Financing Cash Flow 125.6 -378.54 -62.38 -140.42 -209.38
Net Cash Flow 18.53 58 -57.81 99.92 -52.91

 Corporate Actions

 Ratings & Research Reports

 Company Presentations

 Spice Jet Stock Price Analysis and Quick Research Report

Is Spice Jet an attractive stock to invest in?

 

The civil aviation industry in India has emerged as one of the fastest-growing industries in the country during the last three years. India is currently considered the third largest domestic civil aviation market in the world. 

A rise in the working group and middle-class demography has created a positive demand for the airline sector, to cater to the rising air traffic, the Government of India has been working towards increasing the number of airports. Investments to the tune of ($5.99 to $6.41) are expected in India’s airport infrastructure between FY18-23. While assessing the health of an airline company these financial metrics should be analyzed thoroughly.

Let us have a look into Spice Jet for more understanding.

  • Quick ratio: - It measures an airline company’s short-term liquidity, whether a company can cover all of its short-term debt obligations with its liquid/quick assets. This financial ratio is particularly useful for analyzing airline companies because they are capital-intensive and have significant amounts of debt. Spice Jet has a 0.338118176422686 of which is considered disadvantageous in terms of liquidity.
     
  • Return on Assets: - ROA indicates profitability earned on its assets, Airplane companies have planes as its primary assets, so bulk revenues are generated through Air travels. Spice Jet has a ROA of -7.16200529713271 % which is significantly bad to its peers. 
     
  • Debt to equity ratio: - With significant debt portion and capital expenditures it is a good metric to check out Debt to Equity ratio for an airline company. Spice Jet has a D/E ratio of -3.1093030292842 which is an insignificant indicative measure of financial risk when compared to its peers.
     
  • Cash flows analysis: - Airline companies usually have high fixed costs and major capital expenditures, so it is a good metric to measure the company’s growth and future performance. Spice Jet has weak net cash flows of -52.907 Cr over the year.
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