Past 10 year's financial track record analysis by Moneyworks4me indicates that SpiceJet Ltd is a average quality company.
The key valuation ratios of SpiceJet Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
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
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| 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 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 | 13.1% | -12.6% | -10.8% | 36.4% | ||||
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 |
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%
| 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 ⓘ | 22.06 | -3.06 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 37.90 / 79.90 |
| All Time Low / High (₹) | 1.00 / 156.90 |
| Market Cap (₹ Cr.) | 7,047 |
| Equity (₹ Cr.) | 1,281.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 23.8 |
| Pledged * | 44.24 | 50.53 | 47.32 | 46.95 | 46.95 | 37.91 | 38.76 | 38.78 | 38.78 | 52.78 |
| 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% |
| 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 |
| 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 |
| 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 |
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
2016-17
2017-18
2018-19
2019-20
Milestones
2013
2014
2015
2016
2017
2018
2019
2020
2021
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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