SPICEJET - SpiceJet Limited Share Price

Transport Services

Sharesguru Stock Score

SPICEJET

50/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

₹10.28+0.35(+3.52%)

Market Closed as of Apr 2, 2026, 15:30 IST

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Pros

Technicals: Bullish SharesGuru indicator.

Cons

Dilution: Company has been diluting it's stock to raise money for business.

Growth: Declining Revenues! Trailing 12m revenue has fallen by -11.5% in past one year. In past three years, revenues have changed by -33.2%.

Dividend: Stock hasn't been paying any dividend.

Smart Money: Smart money is losing interest in the stock.

Momentum: Stock is suffering a negative price momentum. Stock is down -39.4% in last 30 days.

Balance Sheet: Caution! Weak Balance sheet.

Past Returns: Underperforming stock! In past three years, the stock has provided -31.5% return compared to 8.8% by NIFTY 50.

Valuation
Market Cap	3.69 kCr
Price/Earnings (Trailing)	-14.94
Price/Sales (Trailing)	0.63
EV/EBITDA	6.34
Price/Free Cashflow	-2.68
MarketCap/EBT	-11.17
Enterprise Value	3.69 kCr

Fundamentals
Revenue (TTM)	6.36 kCr
Rev. Growth (Yr)	-6.6%
Earnings (TTM)	-133.7 Cr
Earnings Growth (Yr)	-1.39%

Profitability
Operating Margin	-2%
EBT Margin	-2%
Return on Equity	16.99%
Return on Assets	-5.1%
Free Cashflow Yield	-37.3%

Growth & Returns
Price Change 1W	-10.2%
Price Change 1M	-39.4%
Price Change 6M	-66.7%
Price Change 1Y	-78%
3Y Cumulative Return	-31.5%
5Y Cumulative Return	-32.5%
7Y Cumulative Return	-28.1%
10Y Cumulative Return	-17.4%

Cash Flow & Liquidity
Cash Flow from Investing (TTM)	-642.53 Cr
Cash Flow from Operations (TTM)	-1.69 kCr
Cash Flow from Financing (TTM)	2.17 kCr
Free Cash Flow (TTM)	-1.77 kCr
Free Cash Flow/Share (TTM)	-12.52

Balance Sheet
Total Assets	6.47 kCr
Total Liabilities	6.47 kCr
Shareholder Equity	-1.94 kCr

Capital Structure & Leverage
Debt Ratio	0.14
Debt/Equity	-0.46
Interest Coverage	-1.57
Interest/Cashflow Ops	-5.26

Technical Indicators
RSI (14d)	24.7
RSI (5d)	4.36
RSI (21d)	27.88
MACD Signal	Sell
Stochastic Oscillator Signal	Buy
SharesGuru Signal	Buy
RSI Signal	Buy
RSI5 Signal	Buy
RSI21 Signal	Buy
SMA 5 Signal	Sell
SMA 10 Signal	Sell
SMA 20 Signal	Sell
SMA 50 Signal	Sell
SMA 100 Signal	Sell

Description	Share	Value
Air transport services	97.6%	1.1 kCr
Freighter and logistics services	2.4%	26.5 Cr
Total		1.1 kCr

Shareholder Name	Holding %
AJAY SINGH	18.54%
Spice Healthcare Private Limited	11.72%
AJAY SINGH HUF	3.19%
AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED	2.66%
DISCOVERY GLOBAL OPPORTUNITY (MAURITIUS) LTD	2.2%
MORGAN STANLEY ASIA (SINGAPORE) PTE. - ODI	1.38%
BANDHAN SMALL CAP FUND	1.37%
GOLDMAN SACHS (SINGAPORE) PTE. - ODI	1.36%
VOLRADO VENTURE PARTNERS FUND IV GAMMA	1.26%
PLUTUS WEALTH MANAGEMENT LLP	1.06%
KALPANA SINGH	0.02%

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	-24.8%	5,326	7,085	8,874	6,604	5,171	12,375
Other Income	0.3%	1,443	1,439	1,023	1,027	948	831
Total Income	-20.6%	6,768	8,524	9,897	7,631	6,119	13,205
Purchases of stock-in-trade	-34.7%	48	73	100	34	25	13
Employee Expense	-19.8%	659	821	880	754	685	1,529
Finance costs	-36.9%	294	465	508	483	603	546
Depreciation and Amortization	-14.4%	645	753	1,023	1,293	1,561	1,735
Other expenses	-26%	5,059	6,838	8,907	6,727	4,282	10,319
Total Expenses	-25.1%	6,706	8,948	11,410	9,297	7,149	14,142
Profit Before exceptional items and Tax	114.4%	62	-423.71	-1,512.95	-1,666.81	-1,029.89	-936.57
Exceptional items before tax	-	0	0	0	-77.46	0	0
Total profit before tax	114.4%	62	-423.71	-1,512.95	-1,744.27	-1,029.89	-936.57
Total profit (loss) for period	114.4%	62	-423.71	-1,512.95	-1,744.27	-1,029.89	-936.57
Other comp. income net of taxes	-337.6%	-9.31	5.34	-0.05	3.26	1.7	-3.25
Total Comprehensive Income	112.4%	53	-418.38	-1,512.99	-1,741.01	-1,028.19	-939.82
Earnings Per Share, Basic	94.4%	0.59	-6.386	-25.138	-296	-17.138	-15.607
Earnings Per Share, Diluted	94.4%	0.59	-6.386	-25.138	-296	-17.138	-15.607

Description	(%) Q/Q	Dec-2025	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024
Revenue From Operations	25.7%	1,408	1,120	1,466	1,237	915	1,708
Other Income	70%	137	81	492	417	163	370
Total Income	28.7%	1,545	1,201	1,958	1,654	1,078	2,078
Purchases of stock-in-trade	30%	14	11	12	11	9.66	15
Employee Expense	-1.2%	160	162	159	154	163	183
Finance costs	-17.7%	52	63	57	61	88	88
Depreciation and Amortization	-14.2%	146	170	166	148	158	172
Other expenses	37.4%	1,415	1,030	1,221	1,260	1,117	1,461
Total Expenses	24.5%	1,787	1,435	1,616	1,634	1,536	1,920
Profit Before exceptional items and Tax	-3.4%	-241.9	-234	342	20	-458.26	158
Exceptional items before tax	-	-19.81	0	0	0	0	0
Total profit before tax	-11.8%	-261.7	-234	342	20	-458.26	158
Total profit (loss) for period	-11.8%	-261.7	-234	342	20	-458.26	158
Other comp. income net of taxes	127.4%	1.98	-2.58	-5.62	1.16	-5.29	0.44
Total Comprehensive Income	-9.7%	-259.72	-236.58	336	21	-463.55	159
Earnings Per Share, Basic	-4.5%	-1.78	-1.66	2.63	0.158	-5.406	26
Earnings Per Share, Diluted	-4.5%	-1.78	-1.66	2.63	0.149	-5.406	1.818

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	-25.1%	5,284	7,050	8,869	6,557	5,133	12,359
Other Income	0.3%	1,452	1,447	1,046	1,051	987	848
Total Income	-20.7%	6,736	8,497	9,915	7,609	6,121	13,206
Purchases of stock-in-trade	-34.7%	48	73	96	0	0	0
Employee Expense	-19.9%	618	771	844	727	676	1,526
Finance costs	-37%	291	461	506	483	602	545
Depreciation and Amortization	-14.7%	638	748	1,019	1,290	1,558	1,734
Other expenses	-25.8%	5,085	6,856	8,959	6,757	4,283	10,336
Total Expenses	-25%	6,678	8,906	11,418	9,257	7,119	14,141
Profit Before exceptional items and Tax	113.9%	58	-409.44	-1,503.02	-1,648.01	-998.3	-934.76
Exceptional items before tax	-	0	0	0	-77.46	0	0
Total profit before tax	113.9%	58	-409.44	-1,503.02	-1,725.46	-998.3	-934.76
Total profit (loss) for period	113.9%	58	-409.44	-1,503.02	-1,725.46	-998.3	-934.76
Other comp. income net of taxes	-369.3%	-10.31	5.2	-0.11	3.56	1.7	-3.25
Total Comprehensive Income	111.6%	48	-404.24	-1,503.12	-1,721.9	-996.6	-938.01
Earnings Per Share, Basic	96.6%	0.55	-12.34	-49.98	-28.69	-16.612	-15.577
Earnings Per Share, Diluted	96.6%	0.55	-12.34	-49.98	-28.69	-16.612	-15.577

Description	(%) Q/Q	Dec-2025	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024
Revenue From Operations	25.2%	1,384	1,106	-	1,231	911	1,696
Other Income	65.1%	138	84	-	420	166	372
Total Income	27.9%	1,523	1,191	-	1,651	1,077	2,067
Purchases of stock-in-trade	30%	14	11	-	11	9.66	15
Employee Expense	-0.7%	152	153	-	145	152	172
Finance costs	-18%	51	62	-	60	87	87
Depreciation and Amortization	-14.4%	144	168	-	146	155	170
Other expenses	37%	1,413	1,032	-	1,264	1,114	1,474
Total Expenses	24.4%	1,774	1,426	-	1,626	1,518	1,917
Profit Before exceptional items and Tax	-6.6%	-250.71	-235.08	-	25	-441.73	150
Exceptional items before tax	-	-18.56	0	-	0	0	0
Total profit before tax	-14.5%	-269.27	-235.08	-	25	-441.73	150
Total profit (loss) for period	-14.5%	-269.27	-235.08	-	25	-441.73	150
Other comp. income net of taxes	122.3%	1.8	-2.58	-	26	-5.82	0.49
Total Comprehensive Income	-12.5%	-267.47	-237.66	-	51	-447.54	150
Earnings Per Share, Basic	-6.8%	-1.84	-1.66	-	0.19	-5.21	3.8
Earnings Per Share, Diluted	-6.8%	-1.84	-1.66	-	0.18	-5.21	3.44

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	-93.7%	39	603	203	190	34	7.87
Current investments	27242.9%	134	0.51	0.49	0.47	0.46	0.44
Loans, current	0%	0.25	0.25	0.25	0	0	332
Total current financial assets	-69.4%	925	3,023	794	415	686	1,424
Inventories	6%	178	168	172	168	163	155
Current tax assets	-	782	0	0	0	0	0
Total current assets	-44%	2,729	4,871	2,510	2,499	2,141	2,002
Property, plant and equipment	-0.6%	1,072	1,078	1,161	1,152	4,005	4,860
Capital work-in-progress	71.5%	9.61	6.02	7.24	21	20	9.29
Non-current investments	1%	0.04	0.03	0.03	0.03	0	0.02
Loans, non-current	-25%	0.4	0.52	0.65	0	0	909
Total non-current financial assets	82.3%	639	351	305	382	1,463	1,831
Total non-current assets	7.7%	3,865	3,590	3,962	4,419	5,630	6,838
Total assets	-	6,472	-	-	-	-	-
Total assets	-	6,472	-	-	-	-	-
Total assets	-22.1%	6,594	8,461	6,472	6,918	7,771	8,841
Borrowings, non-current	-16%	682	812	892	955	466	306
Total non-current financial liabilities	-14.6%	1,756	2,056	2,433	3,111	3,652	4,762
Provisions, non-current	-28%	104	144	150	141	150	343
Total non-current liabilities	-15.4%	1,867	2,207	2,591	3,261	3,812	5,116
Borrowings, current	-58.2%	207	494	260	694	720	843
Total current financial liabilities	-60%	2,722	6,797	6,369	6,791	6,966	7,164
Provisions, current	-24.6%	280	371	414	457	0	401
Total current liabilities	-24.6%	6,672	8,852	9,099	9,324	9,809	9,677
Total liabilities	-	6,472	-	-	-	-	-
Total liabilities	-	6,472	-	-	-	-	-
Total liabilities	-22.8%	8,539	11,059	11,691	12,585	13,621	14,792
Equity share capital	10.2%	1,413	1,282	783	684	602	602
Non controlling interest	-11.9%	-2.02	-1.7	-1.24	-0.8	-0.33	0.01
Total equity	25.2%	-1,944.39	-2,598.1	-5,218.58	-5,667.04	-5,850.64	-5,951.95
Total equity and liabilities	-22.1%	6,594	8,461	6,472	6,918	7,771	8,841

Dividend & Shareholder Returns
Shares Dilution (1Y)	78.1%
Shares Dilution (3Y)	134.9%

Investor Care
Shares Dilution (1Y)	78.1%
Earnings/Share (TTM)	-0.65

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
SPICEJET	SpiceJet	3.69 kCr	6.36 kCr	-39.40%	-78.00%	-14.94	0.63	-	-
INDIGO	InterGlobe Aviation	1.52 LCr	88.78 kCr	-18.30%	-22.90%	47.45	1.72	-	-
JETAIRWAYS	Jet Airways (India)	386.69 Cr	-	0.00%	0.00%	-	-	-	-
GLOBALVECT	Global Vectra Helicorp	185.89 Cr	584.38 Cr	-18.60%	-44.70%	-13.21	0.32	-	-

Category	SPICEJET	Transport
PE	-14.94	54.47
PS	0.63	1.58
Growth	-11.5 %	4.4 %

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	-97.3%	17	590	187	182	32	6.61
Current investments	27242.9%	134	0.51	0.49	0.47	0.46	0.44
Loans, current	-	0	0	0	0	0	328
Total current financial assets	-55.1%	1,755	3,904	1,670	1,787	1,493	1,609
Inventories	5.5%	173	164	166	162	156	150
Total current assets	-43.6%	2,724	4,827	2,473	2,472	2,118	2,157
Property, plant and equipment	-6.4%	2,084	2,226	2,536	3,030	3,972	4,833
Capital work-in-progress	97.5%	9.61	5.36	5.36	5.36	6.03	6.03
Non-current investments	-5.6%	18	19	18	8.27	2.76	2.11
Loans, non-current	1272.5%	29	3.04	3.04	30	30	32
Total non-current financial assets	11.8%	3,343	2,990	3,028	3,068	3,217	1,088
Total non-current assets	4.5%	6,392	6,116	6,484	6,970	8,161	6,655
Total assets	-	9,116	-	-	-	-	-
Total assets	-	9,116	-	-	-	-	-
Total assets	-16.7%	9,116	10,943	8,957	9,442	10,280	8,811
Borrowings, non-current	-15.9%	682	811	892	955	466	306
Total non-current financial liabilities	-14.6%	1,755	2,055	2,432	3,109	3,651	4,762
Provisions, non-current	-27.9%	102	141	146	137	150	341
Total non-current liabilities	-15.4%	1,863	2,203	2,587	3,255	3,812	5,113
Borrowings, current	-58.8%	204	494	259	693	720	843
Total current financial liabilities	-26.8%	4,911	6,713	6,440	6,725	7,086	7,116
Provisions, current	-24.5%	279	369	412	456	416	400
Total current liabilities	-24.5%	6,569	8,698	8,956	9,210	9,699	9,609
Total liabilities	-	8,433	-	-	-	-	-
Total liabilities	-	8,433	-	-	-	-	-
Total liabilities	-22.6%	8,433	10,901	11,542	12,466	13,511	14,722
Equity share capital	10.2%	1,413	1,282	783	684	602	602
Total equity	1563.4%	683	42	-2,585.85	-3,023.4	-3,231.61	-5,910.31
Total equity and liabilities	-16.7%	9,116	10,943	8,957	9,442	10,280	8,811

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	-28.3%	178	248	195	192	-	-
Change in inventories	33.3%	-5.78	-9.17	-11.96	16	-	-
Depreciation	-14.4%	645	753	1,023	1,293	-	-
Impairment loss / reversal	-	0	0	11	5.83	-	-
Unrealised forex losses/gains	-50%	45	89	582	292	-	-
Adjustments for interest income	-103.6%	0	29	55	59	-	-
Share-based payments	-172.5%	0	2.38	2.53	4.14	-	-
Net Cashflows from Operations	-214.2%	-1,809.89	-575.3	127	1,068	-	-
Interest paid	-	-116.62	0	0	0	-	-
Interest received	-	-43.56	0	0	0	-	-
Income taxes paid (refund)	-342.5%	-47.49	21	45	65	-	-
Net Cashflows From Operating Activities	-183.2%	-1,689.35	-595.87	82	1,004	-	-
Proceeds from sales of PPE	-104.3%	0	24	5.67	5.18	-	-
Purchase of property, plant and equipment	235.7%	81	-57.97	-15.71	37	-	-
Proceeds from sales of investment property	-	2.63	0	0	0	-	-
Interest received	181.8%	32	12	80	-15.89	-	-
Other inflows (outflows) of cash	-907.8%	-596.5	-58.29	448	-101.16	-	-
Net Cashflows From Investing Activities	-1938.7%	-642.53	36	550	-149	-	-
Proceeds from issuing shares	399.7%	2,884	578	0	0	-	-
Proceeds from issuing other equity instruments	40.8%	336	239	0	0	-	-
Proceeds from exercise of stock options	-	0	0	0.05	0.86	-	-
Proceeds from borrowings	-99.7%	2.7	541	263	148	-	-
Repayments of borrowings	463.8%	266	48	258	171	-	-
Payments of lease liabilities	54.2%	655	425	628	801	-	-
Interest paid	41.1%	135	96	50	54	-	-
Other inflows (outflows) of cash	98.3%	0	-59	0	0	-	-
Net Cashflows from Financing Activities	197.3%	2,168	730	-610.14	-877.79	-	-
Effect of exchange rate on cash eq.	45%	0.01	-0.8	0.65	1.3	-	-
Net change in cash and cash eq.	-198.4%	-164.29	169	22	-21.8	-	-

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	-28.8%	174	244	193	192	-	-
Change in inventories	15.6%	-7.76	-9.38	-11.25	11	-	-
Depreciation	-14.7%	638	748	1,019	1,290	-	-
Impairment loss / reversal	39.1%	33	24	3.87	3.65	-	-
Unrealised forex losses/gains	-47%	45	84	582	292	-	-
Adjustments for interest income	92.6%	53	28	55	64	-	-
Share-based payments	105.6%	1.37	1.18	1.89	4.14	-	-
Net Cashflows from Operations	-186.7%	-1,714.71	-597.43	136	1,035	-	-
Income taxes paid (refund)	-437.6%	-49.64	16	43	58	-	-
Net Cashflows From Operating Activities	-171.2%	-1,665.07	-613.42	93	978	-	-
Cashflows used in obtaining control of subsidiaries	2704.2%	26	0.04	-1.09	-21.38	-	-
Proceeds from sales of PPE	26.3%	1.48	1.38	5.67	5.13	-	-
Purchase of property, plant and equipment	82.6%	85	47	-13.38	33	-	-
Proceeds from sales of investment property	90.8%	-0.01	-9.98	-0.01	0.04	-	-
Interest received	181.8%	32	12	43	33	-	-
Other inflows (outflows) of cash	-1148.4%	-596.61	58	498	-149.55	-	-
Net Cashflows From Investing Activities	-1976.3%	-674.47	37	561	-123.12	-	-
Proceeds from issuing shares	399.7%	2,884	578	0	0	-	-
Proceeds from issuing other equity instruments	40.8%	336	239	0	0	-	-
Proceeds from exercise of stock options	-	0	0	0.05	0.86	-	-
Proceeds from borrowings	-100.2%	0	541	177	148	-	-
Repayments of borrowings	150%	266	107	133	171	-	-
Payments of lease liabilities	54.1%	653	424	626	799	-	-
Other inflows (outflows) of cash	-37.2%	-131.57	-95.66	-49.66	-54.22	-	-
Net Cashflows from Financing Activities	196.7%	2,170	732	-631.64	-875.88	-	-
Effect of exchange rate on cash eq.	45%	0.01	-0.8	0.65	1.3	-	-
Net change in cash and cash eq.	-211.7%	-169.94	154	23	-20.02	-	-

SPICEJET - SpiceJet Limited Share Price

SPICEJET

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

SPICEJET

SPICEJET - SpiceJet Limited Share Price

SPICEJET

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

SPICEJET

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Important Disclosure & Data Context

Valuation

Fundamentals

Profitability

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Important Disclosure & Data Context