SpiceJet

SpiceJet Ltd.

NSE: SPICEJET BSE: 500285 SECTOR: Airlines  128k   690   151

26.35
+0.29 (1.11%)
NSE: Today, 10:00 AM

Price Summary

Today's High

₹ 26.48

Today's Low

₹ 26.01

52 Week High

₹ 52.4

52 Week Low

₹ 26.25

FinStar

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.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 1585.86 Cr.

Enterprise Value

₹ 2604.94 Cr.

No. of Shares

60.18 Cr.

P/E

0

P/B

0

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  -96.57

CASH

₹ 60.3 Cr.

DEBT

₹ 1079.38 Cr.

Promoter Holding

58.98 %

EPS (TTM)

₹  -32.86

Sales Growth

27.74%

ROE

0 %

ROCE

0%

Profit Growth

-72.84 %

Add Your 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.

Your Added Ratios

Please login to Add & View your own added ratios.

Login

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year27.74%
3 Year-10.39%
5 Year1.16%

Profit Growth

1 Year-72.84%
3 Year-251.23%
5 Year-231.99%

ROE%

1 Year0%
3 Year0%
5 Year0%

ROCE %

1 Year0%
3 Year-85.47%
5 Year-39.06%

Debt/Equity

-0.2515

Price to Cash Flow

1.62

Interest Cover Ratio

-2.54365323042736

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 58.98 46.95
Dec 2022 59.39 47.32
Sep 2022 59.39 50.53
Jun 2022 59.4 44.24
Mar 2022 59.4 44.24
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of 24.9792106600754 days.

 Limitations

  • The company has shown a poor profit growth of -251.232780647625% for the Past 3 years.
  • The company has shown a poor revenue growth of -10.3911049357003% for the Past 3 years.
  • Company has a poor ROE of 0% over the past 3 years.
  • Company has a poor ROCE of -85.474950576209% over the past 3 years
  • Tax rate is low at 0.
  • The company has a low EBITDA margin of -0.0626089817026777% over the past 5 years.
  • The company has negative book value.
  • Promoter pledging is high as 46.95%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 2259.3 1865.7 2456.77 1952.62 2314.6
Total Expenditure 2172.31 2160.85 2857.54 2518.32 2374.18
Operating Profit 86.98 -295.15 -400.77 -565.7 -59.58
Other Income 423.97 258.78 21.64 152.11 514.92
Interest 87.65 143.97 129.51 142.97 114.83
Depreciation 322.57 277.63 280.18 281.32 233.69
Exceptional Items -77.46 0 0 0 0
Profit Before Tax 23.28 -457.97 -788.83 -837.88 106.82
Tax 0 0 0 0 0
Profit After Tax 23.28 -457.97 -788.83 -837.88 106.82
Adjusted EPS (Rs) 0.39 -7.61 -13.11 -13.92 1.77

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 7755.69 9113.25 12358.64 5133.38 6557.33
Total Expenditure 6968.56 9090.84 11826.9 5181.62 7480
Operating Profit 787.13 22.42 531.74 -48.25 -922.67
Other Income 132.56 144.78 847.66 1090.07 1051.31
Interest 121.84 163.59 580.23 482.17 486.92
Depreciation 231.2 256.23 1733.93 1557.96 1289.73
Exceptional Items 0 -63.47 0 0 -77.46
Profit Before Tax 566.65 -316.08 -934.76 -998.3 -1725.47
Tax 0 0 0 0 0
Net Profit 566.65 -316.08 -934.76 -998.3 -1725.47
Adjusted EPS (Rs.) 9.45 -5.27 -15.58 -16.61 -28.67

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 599.45 599.72 600.08 600.94 601.8
Total Reserves -642.42 -950.4 -2179.34 -3172.47 -4890.23
Borrowings 650.95 556.63 459.3 302.67 312.88
Other N/C liabilities 326.71 966.58 7436.95 5880.12 4966.72
Current liabilities 3096.9 3634.43 6554.81 7748.33 8529.2
Total Liabilities 4031.59 4806.95 12871.79 11359.6 9520.38
Assets
Net Block 1597.7 1603.77 8680.95 7000.15 5540.21
Capital WIP 0 0 0 5.84 6.03
Intangible WIP 0 0 0 0 0
Investments 0.05 0.05 0.12 2.15 2.11
Loans & Advances 854.71 1043.16 1963.92 1284.9 1240.88
Other N/C Assets 656.77 785.91 0 504.08 610.61
Current Assets 922.35 1374.06 2226.8 2562.49 2120.54
Total Assets 4031.59 4806.95 12871.79 11359.6 9520.38
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 566.65 -252.62 -934.76 -998.3 -1725.47
Adjustment 678.08 877.28 2918.08 1573.17 1869.76
Changes in Assets & Liabilities -190.98 -163.08 -172.53 -385.52 891.14
Tax Paid -7.91 -5.26 -32.68 36.57 -57.75
Operating Cash Flow 1045.84 456.33 1778.12 225.92 977.68
Investing Cash Flow -805.51 -146.32 -155.95 210.04 -121.82
Financing Cash Flow -140.42 -363.73 -1658.96 -434.51 -875.88
Net Cash Flow 99.9 -53.72 -36.79 1.44 -20.02

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 59.40 59.40 59.39 59.39 58.98
ajay singh 50.57 50.57 50.57 50.57 50.57
ajay singh huf 8.78 8.78 8.78 8.78 8.36
kalpna singh - - - - -
kalpana singh 0.05 0.05 0.05 0.05 0.05
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 40.60 40.60 40.61 40.61 41.02
hdfc trustee compa... - - - - -
meenakshi bhargava 1.49 1.49 1.49 1.49 1.49
vijay bhargava - - - - -
nippon life india ... - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ1FY20 9 Jan 2020

Company News

SpiceJet informs about press release15 May 2023, 10:26AM UK’s SRAM & MRAM Group to invest $100 million in SpiceJet’s arm 15 May 2023, 9:51AM SpiceJet initiates process of reviving grounded fleet 11 May 2023, 2:41PM Spicejet informs about loss of share certificate8 May 2023, 5:21PM SpiceJet planning to operate more flights under 'Operation Kaveri'3 May 2023, 4:39PM SpiceJet working to revive 25 grounded planes3 May 2023, 3:09PM SpiceJet reports passenger load factor of 92.3% in March 19 Apr 2023, 11:30AM SpiceJet completes hive off of cargo and logistics division ‘SpiceXpress’ into separate entity 3 Apr 2023, 9:17AM SpiceJet reports passenger load factor of 94.1% in February21 Mar 2023, 12:37PM SpiceJet to push for fleet expansion21 Mar 2023, 12:21PM SpiceJet to enter into Business Transfer agreement with SXPL to transfer cargo business28 Feb 2023, 10:58AM Spicejet informs about outcome of board meeting27 Feb 2023, 4:54PM SpiceJet launches direct flight service between Delhi - Shillong27 Feb 2023, 2:46PM SpiceJet reports over 2-fold jump in Q3 consolidated net profit24 Feb 2023, 3:14PM SpiceJet - Quaterly Results24 Feb 2023, 2:40PM SpiceJet - Quaterly Results24 Feb 2023, 2:40PM SpiceJet - Quaterly Results24 Feb 2023, 2:40PM SpiceJet to mull fund raising to cover outstanding liabilities21 Feb 2023, 6:00PM SpiceJet informs about update on board meeting 21 Feb 2023, 12:40PM SpiceJet reports passenger load factor of 91% in January21 Feb 2023, 12:15PM SpiceJet informs about press release 5 Dec 2022, 10:42AM SpiceJet’s consolidated net loss widens to Rs 833.23 crore in Q2 15 Nov 2022, 2:09PM SpiceJet - Quaterly Results14 Nov 2022, 6:47PM SpiceJet - Quaterly Results14 Nov 2022, 6:47PM Spicejet informs about board meeting 8 Nov 2022, 11:24AM SpiceJet to operate more than 50% of flights from October 3022 Oct 2022, 3:24PM DGCA extends cap on SpiceJet flights till October 29 21 Sep 2022, 5:22PM SpiceJet informs about allotment of equity shares1 Sep 2022, 3:16PM SpiceJet’s consolidated net loss widens to Rs 784 crore in Q11 Sep 2022, 12:22PM SpiceJet - Quaterly Results31 Aug 2022, 6:48PM SpiceJet - Quaterly Results31 Aug 2022, 6:48PM SpiceJet eyeing at investments from external parties24 Aug 2022, 3:00PM Spicejet informs about board meeting24 Aug 2022, 11:44AM SpiceJet reports passenger load factor of 84.7% in July19 Aug 2022, 12:25PM SpiceJet enters into settlement agreement with aircraft lessor Goshawk Aviation17 Aug 2022, 2:50PM SpiceJet starts taxi service at 28 major airports16 Aug 2022, 11:11AM SpiceJet informs about settlement agreement with aircraft lessor16 Aug 2022, 9:42AM SpiceJet inks full and final settlement with AAI2 Aug 2022, 10:15AM SpiceJet informs about press release2 Aug 2022, 10:03AM Spicejet informs about updates28 Jul 2022, 4:22PM SpiceJet to launch 26 new domestic flights from July 2220 Jul 2022, 10:29AM SpiceJet pitches for hikes in airfares to sustain operation amid rising prices of jet fuel16 Jun 2022, 3:13PM SpiceJet rolls out ‘Sky Mall’: Report15 Jun 2022, 4:40PM SpiceJet to operate 37 special flights between India and Saudi Arabia till July 312 Jun 2022, 5:15PM DGCA imposes fine of Rs 10 lakh on SpiceJet31 May 2022, 3:51PM SpiceJet, Credit Suisse file final settlement in Supreme Court25 May 2022, 10:39AM SpiceJet informs about press release25 May 2022, 10:38AM SpiceJet planning to induct more Boeing 737 Max aircraft over next few months23 May 2022, 4:44PM SpiceJet informs about press release13 May 2022, 10:11AM SpiceJet, Axis Bank launch co-branded credit card12 May 2022, 2:52PM

SpiceJet Stock Price Analysis and Quick Research Report. Is SpiceJet 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 SpiceJet 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. SpiceJet has a 0.231908707423785 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. SpiceJet has a ROA of -16.5274639004562 % 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. SpiceJet has a D/E ratio of -0.2515 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. SpiceJet has weak net cash flows of -20.0210000000001 Cr over the year.
Brief about SpiceJet

X