Is SpiceJet a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that SpiceJet Ltd is a average quality company .

Is SpiceJet undervalued or overvalued?

The key valuation ratios of SpiceJet Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is SpiceJet share price return in the past 10 years?

SpiceJet Ltd share price has appreciated 12% annually (CAGR) over the past ten years.

Is SpiceJet a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of SpiceJet Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

SpiceJet Ltd - Stock Valuation and Financial Performance

Name: SpiceJet
Brand: SpiceJet

BSE: 500285 | NSE: SPICEJET | Airlines | Small Cap

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SpiceJet Share Price

₹60.87 -1.42 -2.28%
as on 03-Dec'24 16:59

10 Year X-Ray of SpiceJet:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-73.4%	-89.5%	209.2%	142.7%	76.2%	-15.1%	-256.4%	0%	0%	0%	-
Value Creation Index ⓘ	NA	NA	13.9	9.2	4.7	NA	NA	NA	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	6,304	5,243	5,088	6,191	7,756	9,113	12,359	5,133	6,557	8,869	6,174
Sales YoY Gr.	-	-16.8%	-3%	21.7%	25.3%	17.5%	35.6%	-58.5%	27.7%	35.3%	-
Adj EPS ⓘ	-19	-12.7	7.1	7.1	9.5	-3.8	-15	-28.2	-33.5	-19.9	-3.6
YoY Gr.	-	NA	NA	0.3%	33.7%	-140.3%	NA	NA	NA	NA	-
BVPS (₹) ⓘ	-19.7	-27	-17.3	-10.2	-0.7	-6	-26.5	-42.9	-71.3	-53.8	2.5
Adj Net Profit ⓘ	-1,015	-762	424	425	568	-229	-898	-1,693	-2,016	-1,199	-464
Cash Flow from Ops. ⓘ	59	-411	711	496	1,046	456	1,778	226	978	93	-
Debt/CF from Ops. ⓘ	29	-3.6	1.7	2.3	1.3	2.4	0.6	4.7	1.1	12.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	3.9%	2.7%	-10.5%	35.3%
Adj EPS ⓘ	NA	-216%	NA	NA
BVPSⓘ	NA	NA	NA	NA
Share Price	12%	-9.9%	-5.1%	29.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	166.6	73.2	-39.9	-51.6	-174.3	116.4	93	81.6	58.8	31.9	14.1
Op. Profit Mgn % ⓘ	-13.1	-11.2	11.8	9.3	10.5	1.1	10.4	-0.9	-9.8	-3.7	-12.8
Net Profit Mgn % ⓘ	-16.1	-14.5	8.3	6.9	7.3	-2.5	-7.3	-33	-30.7	-13.5	-7.5
Debt to Equity ⓘ	-1.6	-0.9	-1.2	-1.9	-29.4	-3.1	-0.7	-0.4	-0.3	-0.4	-
Working Cap Days ⓘ	61	67	70	67	79	106	107	301	229	209	79
Cash Conv. Cycle ⓘ	-34	-50	-58	-35	-25	-27	-31	-72	-77	-88	-211

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 14.10%

Sales growth has been subdued in last 3 years -10.47%

Sales growth is not so good in last 4 quarters at -23.24%

Latest Financials - SpiceJet Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-3.6	-3.6
TTM Sales (₹ Cr.)	6,174	6,508
BVPS (₹.) ⓘ	2.5	-18
Reserves (₹ Cr.) ⓘ	-962	-3,587
P/BV ⓘ	24.99	-3.46
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	43.40 / 79.90
All Time Low / High (₹)	1.00 / 156.90
Market Cap (₹ Cr.)	7,984
Equity (₹ Cr.)	1,281.7
Face Value (₹)	10
Industry PE ⓘ	25.9

Management X-Ray of SpiceJet:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

44.24

50.53

47.32

46.95

37.91

38.76

38.78

52.78

* Pledged shares as % of Promoter's holding (%)

Valuation of SpiceJet

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of SpiceJet

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	6,304	5,243	5,088	6,191	7,756	9,113	12,359	5,133	6,557	8,869
Operating Expenses ⓘ	7,130	5,831	4,515	5,618	6,969	9,091	11,827	5,182	7,465	9,871
Manufacturing Costs	5,988	4,798	3,622	4,475	5,598	7,357	8,817	3,951	5,849	7,503
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	576	537	492	674	863	1,057	1,464	676	709	844
Other Costs ⓘ	566	495	400	469	508	677	1,547	555	908	1,524
Operating Profit ⓘ	-826	-588	573	573	787	22	532	-48	-908	-1,002
Operating Profit Margin (%)	-13.0%	-11.0%	11.0%	9.0%	10.0%	0.0%	4.0%	-1.0%	-14.0%	-11.0%
Other Income ⓘ	133	158	152	113	133	145	848	1,090	1,051	1,046
Interest ⓘ	162	192	159	95	122	164	580	482	502	527
Depreciation ⓘ	148	127	180	199	231	256	1,734	1,558	1,290	1,019
Exceptional Items ⓘ	0	61	64	39	0	-63	0	0	-77	0
Profit Before Tax ⓘ	-1,003	-687	450	431	567	-316	-935	-998	-1,725	-1,503
Tax ⓘ	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-1,003	-687	450	431	567	-316	-935	-998	-1,725	-1,503
PAT Margin (%)	-16.0%	-13.0%	9.0%	7.0%	7.0%	-3.0%	-8.0%	-19.0%	-26.0%	-17.0%
Adjusted EPS (₹)	-18.7	-11.5	7.5	7.2	9.5	-5.3	-15.6	-16.6	-28.7	-25.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	-1,056	-1,618	-1,040	-609	-44	-357	-1,592	-2,579	-4,292	-3,238
Share Capital ⓘ	535	599	599	599	599	600	600	601	602	602
Reserves ⓘ	-1,592	-2,217	-1,639	-1,209	-644	-957	-2,192	-3,180	-4,894	-3,839
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,516	1,240	1,026	1,028	1,008	975	874	707	560	525
Long Term Debt	1,236	1,120	921	776	651	557	459	303	313	466
Short Term Debt	280	120	105	252	357	418	414	404	247	59
Trade Payables	1,052	949	721	585	688	1,113	1,737	1,983	2,553	2,875
Others Liabilities ⓘ	1,436	2,035	2,139	1,987	2,379	3,076	11,853	11,249	10,700	10,118
Total Liabilities ⓘ	2,947	2,607	2,847	2,991	4,032	4,807	12,872	11,360	9,520	10,280
Fixed Assets
Gross Block	2,173	2,114	1,804	1,994	2,202	2,463	11,208	10,595	10,145	9,030
Accumulated Depreciation	296	400	176	374	604	859	2,527	3,595	4,605	5,057
Net Fixed Assetsⓘ	1,877	1,714	1,628	1,620	1,598	1,604	8,681	7,000	5,540	3,973
CWIP ⓘ	1	0	0	0	0	0	0	6	6	6
Investmentsⓘ	0	0	20	140	101	0	1	3	3	3
Inventories	45	45	67	87	124	137	178	156	145	156
Trade Receivables	156	128	43	62	85	147	292	346	250	154
Cash Equivalents	5	24	106	67	146	78	40	32	60	34
Others Assetsⓘ	864	696	983	1,015	1,977	2,840	3,681	3,817	3,516	5,954
Total Assets ⓘ	2,947	2,607	2,847	2,991	4,032	4,807	12,872	11,360	9,520	10,280

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	59	-411	711	496	1,046	456	1,778	226	978	93
PBT ⓘ	-1,003	-748	386	392	567	-253	-935	-998	-1,725	-1,503
Adjustment ⓘ	265	620	473	333	678	877	2,918	1,573	1,870	1,190
Changes in Working Capital ⓘ	801	-275	-315	-403	-191	-163	-173	-386	891	449
Tax Paid ⓘ	-5	-7	0	8	-8	-5	-33	37	-58	-43
Cash Flow From Investing Activity ⓘ	-50	304	-275	-492	-805	-146	-160	211	-123	561
Capex	-82	43	-158	-248	-256	-200	-253	-61	-28	19
Net Investments	-4	231	-141	-269	-583	-30	-57	10	-48	49
Others ⓘ	36	29	25	26	33	85	149	262	-47	492
Cash Flow From Financing Activityⓘ	-221	126	-379	-62	-140	-364	-1,659	-435	-876	-632
Net Proceeds from Shares ⓘ	41	100	0	0	0	0	0	1	1	0
Net Proceeds from Borrowing ⓘ	-218	-171	-269	0	-125	-295	-114	0	148	302
Interest Paid ⓘ	-134	-145	-145	-65	-90	-134	-56	-50	-54	-50
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	90	342	35	3	74	64	-1,489	-385	-970	-884
Net Cash Flow ⓘ	-212	19	58	-58	100	-53	-41	2	-21	22

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	2.1	1.89	1.87	2.12	2.21	2.06	1.4	0.42	0.63	0.9
PAT to CFO Conversion(x)	N/A	N/A	1.58	1.15	1.84	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	8	10	6	3	3	5	6	23	17	8
Inventory Days	3	3	4	5	5	5	5	12	8	6
Payable Days	0	0	0	0	0	0	0	0	0	0

SpiceJet Ltd Stock News

SpiceJet Ltd FAQs

What is the share price of SpiceJet?

Company share prices are keep on changing according to the market conditions. The closing price of SpiceJet on 03-Dec-2024 16:59 is ₹60.87.

What is the market cap of SpiceJet?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Dec-2024 16:59 the market cap of SpiceJet stood at ₹7,983.6.

What is the P/E ratio of SpiceJet?

The latest P/E ratio of SpiceJet as of 03-Dec-2024 16:59 is 0.00.

What is the P/B ratio of SpiceJet?

The latest P/B ratio of SpiceJet as of 03-Dec-2024 16:59 is 24.99.

What is the 52-week high and low of SpiceJet?

The 52-week high of SpiceJet is ₹79.90 and the 52-week low is ₹43.40.

What is the TTM revenue of SpiceJet?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SpiceJet is ₹6,174 ( Cr.) .

About SpiceJet Ltd

Royal Airways-promoted SpiceJet is an airline company, which was earlier known as Modiluft. It was among the first private companies that stepped into the Indian aviation sector. Further, in May 2005 Royal Airways changed its name to SpiceJet. The airline was launched with an objective to deliver the lowest air fares with the highest consumer value, to price sensitive consumers. SpiceJet follows the Low Cost Carrier (LCC) business model on the lines of the most successful LCCs globally and provides the lowest cost per unit amongst Indian LCCs.

SpiceJet has chosen a single-aircraft-type fleet, which allows for greater efficiency in maintenance, and supports the low-cost structure. And when it came to selecting this single aircraft fleet, SpiceJet has opted for the new-generation Boeing 737-800s with winglets and Boeing 737-900ER. These aircraft allow for safe, comfortable and efficient flying and are ideally suited for short to medium-haul flights in Indian conditions. SpiceJet's new generation fleet of 15 Boeing 737-800 / 737-900ER aircraft are backed by cutting-edge technology and infrastructure to ensure the highest standards in safety and operating efficiency.

Business area of the company

The company is engaged in the business of scheduled air transport services for the carriage of passengers and cargo.

Awards

2015-16

SpiceJet was awarded the 4th National Award for the year 2016
The Company received the World Travel Leaders award at the WTM (World Travel Market) Awards in London

2016-17

SpiceJet was conferred with the CAPA Chairman’s Order of Merit for fastest turnaround in FY 2016
Voted as ‘Best Transportation’ brand and ‘Best Airline’ brand 2016 in India by Brand Trust Report
‘Most Outstanding Global Aviation Turnaround’ award at IIIrd Travel & Hospitality Awards organized by Travel and Hospitality (TnH) Magazine on April 14, 2017 at The Imperial, New Delhi
‘Rising like a Phoenix’ PR campaign rated amongst the 40 best PR campaigns in the world in 2016 at the Global SABRE Awards
‘Best Employee Engagement’ 2016 at the 4th DMAThomas Associates National Award
SpiceJet received ‘Asia’s Greatest Brands -2016’ award at the Asia One Awards

2017-18

Global ‘Low-Cost Leadership Award’
Best Domestic Airline Award at the Wings India Awards for excellence in aviation sector
Best Domestic Airline Award at the 4th West India Awards
2017 Best Corporate Governance India Award by Capital Finance International
Best In-Flight Asia-Pacific Award for Interior Retrofit Project in association with STG Aerospace at the Inflight Asia-Pacific Awards

2018-19

ASSOCHAM 12th International Conference-cum-Awards
Airline Strategy Awards 2018
US-India Strategic Partnership Forum Leadership Award
ASSOCHAM 11th International Conference-cum-Awards
BML Munjal Award 2018
Times Travel Awards 2018

2019-20

Asia Pacific Airline Executive of the Year Award 2019 by CAPA - Centre
Best Domestic Low Cost Airline Award 2019 at the 12th ASSOCHAM International Conference cum Awards on Civil Aviation & Cargo
Best Domestic Airline Award 2018 at the 11th ASSOCHAM International Conference cum Awards on Civil Aviation & Cargo
Low-Cost Leadership Award by Flight Airline Business in London
USISPF Leadership Award in Washington DC
Editor’s Choice Award for best domestic low cost airline at the Times Travel award
BML Munjal Awards 2018 for ‘Business Excellence through Learning and Development’
Best Airline operating under the government’s Regional Connectivity Scheme (UDAN) by APAI.
Best Domestic Airline Award at the prestigious Wings India Awards for Excellence in the aviation sector organised by the Ministry of Civil Aviation, Government of India and FICC

Milestones

2013

Spicejet Ltd. - Spicejet and Tigerair to strengthen India - Singapore links via interline
SpiceJet introduces low-cost Sharjah- Lucknow flight
SpiceJet to fly Pune-Sharjah flights from Sept. 21
SpiceJet flies high on tie up with Singapore & 39 s Tigerair scrip zooms over 12%

2014

SpiceJet offers festival season sale
SpiceJet launches Rs 499 & Early Bird &rsquo offer
SpiceJet runs into more turbulence, flights grounded
SpiceJet extends Rs 1,999 monsoon offer pan-India -JPMorgan, Singh plan to invest $200 mn in SpiceJet

2015

SpiceJet launches new mobile app for customers
SpiceJet launches the ‘Happy New Year Sale’
SpiceJet flags-off direct flight to Dubai from Amritsar.
SpiceJet announces direct flight from Chennai to Bangkok
SpiceJet initiates major network expansion with six new aircraft

2016

SpiceJet introduces new flights from Kolkata starting Oct 4
SpiceJet offers tickets starting at Rs 888 for festive season

2017

SpiceJet signed an agreement to buy 50 Bombardier Q400 turboprop planes to expand operations on regional routes linking small cities and towns.
SpiceJet announces its 7th international destination
SpiceJet partners with HSBC India to offer payments via UPI
SpiceJet takes off on UDAN routes

2018

SpiceJet inducts Leh on its pan India network
SpiceJet launches dedicated air cargo services on domestic and international routes Inducts its first Freighter Aircraft
SpiceJet signs MoU with Afghanistan Chamber of Commerce & Industries
The Company inducted first Boeing 737 MAX aircraft
SpiceJet adds Lilabari as its tenth destination under UDAN

2019

SpiceJet introduces Jeddah as its ninth international destination
SpiceJet receives IATA Operational Safety Audit (IOSA) certification
SpiceJet launches 10 new UDAN flights
SpiceJet first Indian LCC to join IATA
SpiceJet and Emirates seal codeshare deal
The induction of 100th aircraft - a Boeing 737 - to the fleet.

2020

SpiceJet introduces dedicated freighter services to boost India’s shrimp farming
SpiceJet signs tripartite MoU with GHIAL & Ras-Al-Khaimah International Airport for a dedicated freight corridor
SpiceJet adds Cambodia to its international cargo network
SpiceJet gets permission to conduct drone trials
SpiceJet launches dedicated cargo flights to Leh ensuring timely & seamless supply of essentials during winters
SpiceJet adds Ranchi to its domestic network

2021

SpiceJet introduces 21 new domestic & international flights
SpiceJet ties-up with Brussels Airport for seamless delivery of Covid-19 vaccine between India and Europe and beyond
SpiceJet ties-up with Adani Ahmedabad International Airport Limited for seamless delivery of Covid-19 vaccine
SpiceJet adds two more wide-body aircraft to its cargo fleet