Spicejet Ltd.
BSE: SPICEJET · Transport Services · sector
Key numbers
Last 12 months to Dec 2025, Consolidated. "Sector median" = middle value of 6 companies in Transport Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹394 cr vs borrowings ₹889 cr (FY25): borrowings are higher by ₹495 cr.
- Operating profit covered interest -2.4x in the last 12 months.
- Net loss in 3 of the last 4 quarters.
- No dividend in the last 5 financial years.
- Price ₹7.71 on 2026-10-26: -81.0% from the 52-week high, +0.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 1,466 | 1,120 | 792 | 1,408 |
| EBITDA | 73 | -82 | -435 | -201 |
| OPM % | 5.0% | -7.3% | -54.9% | -14.2% |
| Other income | 492 | 81 | 43 | 137 |
| Net profit | 342 | -234 | -621 | -261 |
| EPS (₹) | 2.63 | 1.66 | 4.39 | 1.78 |
Consolidated figures where filed. Latest quarter Dec 2025.
Profit & loss (yearly)
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 5,133 | 6,557 | 8,869 | 7,050 | 5,326 | 4,786 |
| EBITDA | 174 | -1,004 | -1,024 | -647 | -441 | -645 |
| Net profit | -998 | -1,725 | -1,503 | -409 | 62 | -775 |
| EPS (₹) | -16.61 | -28.69 | -24.99 | -6.17 | 0.59 | 10.46 |
| Revenue growth | +27.7% | +35.3% | -20.5% | -24.5% | – | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -6.7% | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -61.8% (2y) | -75.3% |
Balance sheet
| ₹ cr | FY25 |
|---|---|
| Shareholders' equity | -1,942 |
| Borrowings | 889 |
| Cash & equivalents | 394 |
| Total assets | 6,594 |
| Fixed assets | 1,072 |
| Capital work in progress | 10 |
| Investments | 0 |
| Receivables | 124 |
| Inventory | 178 |
| Payables | 2,388 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 |
|---|---|
| Cash from operations | -1,689 |
| Cash from investing | -643 |
| Cash from financing | 2,168 |
| Capex | 81 |
| Free cash flow | -1,770 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 |
|---|---|
| ROE % | -3.2% |
| ROCE % | -33.8% |
| Debtor days | 8 |
| Inventory days | 1,319 |
| Payable days | 17,722 |
| Cash conversion cycle (days) | -16,395 |
| Working capital days | -270 |
Peers in Transport Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDIGO | ₹1,78,191 cr | – | 25.6x | -58.8% | 17.7% | 9.2% | +16.0% | 0.22% |
| BLACKBUCK | ₹9,928 cr | 58.9x | 7.0x | 12.7% | 11.7% | 24.2% | – | – |
| KERNEX | ₹2,650 cr | 13.9x | 10.7x | 93.9% | 71.8% | 34.1% | +374.0% | – |
| TAALTECH | ₹1,284 cr | 20.6x | 5.2x | 27.8% | 33.0% | 30.7% | – | 1.57% |
| SPICEJET | ₹1,177 cr | 0.7x | – | – | – | -13.5% | -6.7% | – |
| GLOBALVECT | ₹154 cr | – | – | -527.6% | -12.0% | 4.7% | +8.2% | – |
Business segments (2025-12-31)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Air transport services | ₹1,365 cr | 96.9% | ₹-251 cr | -18.4% |
| Freighter and logistics services | ₹42 cr | 3.0% | ₹13 cr | 31.5% |
| Others | ₹1 cr | 0.1% | ₹-5 cr | -519.7% |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Services |
| Industry | Transport Services |
| Sub-industry | Airline |
| Symbol | SPICEJET |
| BSE code | 500285 |
| ISIN | INE285B01017 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.