SpiceJet

NSE: SPICEJET · Airline

52W Range₹10 ₹41

Snapshot

Unlock SpiceJet's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

SpiceJet Limited is an Indian airline providing passenger and cargo air transportation services. The company operates a fleet of 98 aircraft across a network of 250 domestic and international routes.

Business Model

The company generates revenue primarily through passenger ticket sales and air cargo logistics services. It operates under the SpiceJet brand, leveraging a hub-and-spoke model to connect domestic and international destinations.

  • Fleet Size:98
  • Total Routes:250

Growth Outlook

Growth is focused on expanding its freighter and logistics services alongside maintaining its domestic market presence. The company aims to optimise its route network to improve operational efficiency.

  • Domestic Destinations:212
  • International Destinations:38

Key Risks

  • Fuel Price Volatility. Fluctuations in global crude oil prices significantly impact operating costs and profit margins.
  • Regulatory and Compliance Risk. The airline industry is subject to stringent safety and operational regulations from the Directorate General of Civil Aviation.
  • Intense Competition. The Indian aviation market is highly competitive, putting pressure on ticket pricing and yield management.
  • Foreign Exchange Risk. A significant portion of operating expenses, such as aircraft leasing and maintenance, are denominated in foreign currencies.

Price

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Key Metrics

REVENUE

₹0 Cr

TTM · consolidated

-100.0%YoY

NET PROFIT

₹0 Cr

TTM · consolidated

+100.0%YoY

EPS

₹10.46

TTM · consolidated

+783.7%YoY

RETURN ON EQUITY

0.0%

TTM · consolidated

-3.1 ppYoY

RETURN ON CAPITAL EMPLOYED

-9.8%

TTM · consolidated

-15.7 ppYoY

P/E

1.1x

Q3 FY26 · consolidated

1.1 vs -2.6x5Y avg

EBITDA MARGIN

32.6%

TTM · consolidated

+22.7 ppYoY

NET PROFIT MARGIN

1.6%

Q3 FY25 · consolidated

+17.2 ppYoY

Peers · Airline

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
SpiceJetSPICEJET
1,6741.05-100.0%32.6%0.0%-9.8%-71.9%
InterGlobe Aviation Ltd.INDIGO
1,60,005-85.0912.345.1%19.5%-27.3%4.6%-11.5%
TAAL TechTAALTECH
84521.8210.567.5%39.7%26.5%34.7%

As of Q3 FY26

Financials