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SpiceJet Limited (SPICEJET.BO)

INR10.96 -0.12 (-1.08%)
IN BSE Industrials Airlines, Airports & Air Services
Address 319, Udyog Vihar, Phase IV 122016
Gurgaon, IN
CEO Ajay Singh
IPO 1995-05-02
ISIN INE285B01017

Explore sections of this company profile

Also trades on Bombay Stock Exchange · SPICEJET.BO (INR) National Stock Exchange of India · SPICEJET.NS (INR)
Description

SpiceJet Limited operates as an airline providing both passenger and freight air travel services, along with associated activities. The company's operations are divided into two core areas: Air Transport, and Freighter and Logistics Services. Its Air Transport segment is primarily responsible for passenger flights, also accommodating secondary cargo shipments carried on its passenger aircraft. The Freighter and Logistics Services division, conversely, is exclusively focused on dedicated cargo transportation. The company was established on February 9, 1984, and its main office is situated in Gurgaon, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR10.96 -0.12 (-1.08%)
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Volume Profile
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Liquidity & share structure
Average Volume
10M
Beta
0.59
Float Shares
870.53M
Free Float %
57.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.47% -5.49% -4.57% -20.71% -61.68% -57.13% -71.04% -50.64% -83.98% -81.32% +110.05%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
10.96
DCF (Unlevered) 66.14 +503.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-0.30
Distress
Piotroski F-Score
2 / 9
Weak
MOAT Score
2 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Airlines, Airports & Air Services: +6.5%
    -25.1% Q4'25: +8.8% (vs Q4'24)
  • EPS growth Airlines, Airports & Air Services: +12.5%
    +109.3% Q4'25: -1,286.7% (vs Q4'24)
  • FCF margin FCF growth · Airlines, Airports & Air Services: -2.8%
    -15.9% Q4'25: +0.0% (vs Q4'24)
  • EBIT margin Airlines, Airports & Air Services: +10.3%
    +7.0% Q4'25: -15.6% (vs Q4'24)
  • ROIC Airlines, Airports & Air Services: +6.0%
    +24.2% Q4'25: -83.1% (vs Q4'24)
  • Share dilution Airlines, Airports & Air Services: +0.0%
    +60.3% Q4'25: +7.8% (vs Q4'24)
  • Debt / EBITDA Net debt/EBITDA · Airlines, Airports & Air Services: 1.43×
    4.21× Q4'25: -5.02× (vs Q4'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.66) × ERP
WACC = 24% × Ke + 76% × Kd (7.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 66.14 Current price: 10.96
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
2 Rev. Ana.
2 EPS Ana.
Mar 2027
2 Rev. Ana.
2 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
51.91B
est: 52.36B (-0.8%)
50.20B
est: 48.88B (+2.7%)
61.01B
est: 62.43B (-2.3%)
76.88B
est: 78.72B (-2.3%)
88.95B
est: 91.46B (-2.7%)
120.06B
est: 127.30B (-5.7%)
49.87B
est: 52.73B (-5.4%)
66.04B
est: 66.21B (-0.3%)
88.65B
est: 91.81B (-3.4%)
67.77B
est: 84.70B (-20.0%)
50.74B
est: 56.64B (-10.4%)
50.72B
49.73B – 51.72B
-10.4% YoY
70.19B
68.70B – 71.68B
+38.4% YoY
81.13B
79.41B – 82.85B
+15.6% YoY
EBITDA
-4.57B
est: 5.44B (-184.0%)
7.56B
est: 5.08B (+48.8%)
6.92B
est: 6.49B (+6.7%)
8.74B
est: 8.18B (+6.9%)
787.69M
est: 9.50B (-91.7%)
12.99B
est: 13.23B (-1.8%)
10.23B
est: 5.48B (+86.7%)
510.44M
est: 6.88B (-92.6%)
-921.10M
est: 9.54B (-109.7%)
8.12B
est: 8.80B (-7.8%)
10.01B
est: 5.89B (+70.1%)
5.27B
5.17B – 5.37B
-10.4% YoY
7.29B
7.14B – 7.45B
+38.4% YoY
8.43B
8.25B – 8.61B
+15.6% YoY
EBIT
-5.33B
est: -3.59B (-48.4%)
5.67B
est: -3.35B (+269.2%)
4.89B
est: -4.28B (+214.1%)
6.41B
est: -5.40B (+218.8%)
-1.16B
est: -6.27B (+81.5%)
-4.36B
est: -8.73B (+50.0%)
-5.38B
est: -3.62B (-48.9%)
-12.42B
est: -4.54B (-173.6%)
-11.15B
est: -6.30B (-77.1%)
587.99M
est: -5.81B (+110.1%)
3.56B
est: -3.88B (+191.7%)
-3.48B
-3.55B – -3.41B
+10.4% YoY
-4.81B
-4.92B – -4.71B
-38.4% YoY
-5.56B
-5.68B – -5.45B
-15.6% YoY
Net Income
-6.87B
est: -14.56B (+52.8%)
4.50B
est: 7.24B (-37.8%)
4.27B
est: 9.79B (-56.4%)
5.57B
est: 11.42B (-51.2%)
-3.02B
est: -2.99B (-1.1%)
-9.37B
est: -12.01B (+22.0%)
-10.30B
est: -19.40B (+46.9%)
-17.44B
est: -30.76B (+43.3%)
-15.13B
est: -31.01B (+51.2%)
-4.23B
est: -2.21B (-91.7%)
627.68M
est: -3.69B (+117.0%)
-11.93B
-14.93B – -8.94B
-223.7% YoY
-10.99B
-17.61B – -4.36B
+7.9% YoY
-5.64B
-5.80B – -5.48B
+48.7% YoY
SGA
3.14B
est: 3.74B (-16.1%)
2.10B
est: 3.49B (-39.8%)
2.66B
est: 4.46B (-40.3%)
2.60B
est: 5.63B (-53.8%)
2.96B
est: 6.54B (-54.7%)
3.96B
est: 9.10B (-56.5%)
2.62B
est: 3.77B (-30.4%)
2.99B
est: 4.73B (-36.7%)
3.07B
est: 6.56B (-53.1%)
4.62B
est: 6.05B (-23.7%)
7.95B
est: 4.05B (+96.3%)
3.63B
3.55B – 3.70B
-10.4% YoY
5.02B
4.91B – 5.12B
+38.4% YoY
5.80B
5.68B – 5.92B
+15.6% YoY
EPS
-12.28
est: -13.69 (+10.3%)
7.50
est: 6.80 (+10.3%)
7.13
est: 9.20 (-22.5%)
9.30
est: 10.73 (-13.4%)
-5.04
est: -2.81 (-79.3%)
-15.62
est: -11.29 (-38.4%)
-17.16
est: -18.24 (+5.9%)
-29.00
est: -28.91 (-0.3%)
-25.13
est: -29.15 (+13.8%)
-6.37
est: -2.07 (-207.3%)
0.59
est: -3.47 (+117.0%)
-11.22
-14.03 – -8.40
-223.7% YoY
-10.33
-16.56 – -4.10
+7.9% YoY
-5.30
-5.45 – -5.15
+48.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-25 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-17.67B
OE per share TTM
-21.93
Owner's Yield
-94.37%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
60.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Avantis Emerging Markets Equity UCITS ETF USD Acc AVEM.L 0.00% 195.90 0.35%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
337.9K
Shares Outstanding
1.53B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chandan Sand Senior VP of Legal, Company Secretary & Compliance Officer 5M male
Anand Deora Senior Manager of Corporate Communications
Ashish Vikram Chief Technology & Innovation Officer male
Debojo Maharshi Chief Business Officer
G. Gupta Chief Strategy Officer & Accountable Manager male
Joyakesh Podder Deputy Chief Financial Officer male
Kamal Hingorani Chief Customer Service Officer male
Sanjay Kumar Executive Director male
Ajay Singh Chairman & MD male
Tushar Srivastava Head of Corporate Affairs & CSR
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend history

Earnings history

Earnings reports

Stock splits