🔔 Fleet Restoration Alert
SpiceJet expects to return 3 grounded Boeing 737 MAX planes to service by April, partnering with StandardAero for fleet restoration.
SpiceJet Ltd Analyst Rating
based on 2 analysts
0.00%
Buy
50.00%
Hold
50.00%
Sell
Based on 2 analysts offering long term price targets for SpiceJet Ltd. An average target of ₹39
Source: S&P Global Market Intelligence
SpiceJet Ltd Share analysis
SpiceJet Ltd price forecast by 2 analysts
Downside of
High
₹52
Target
₹39.00
Low
₹26
SpiceJet Ltd target price ₹39, a slight downside of -36.41% compared to current price of ₹57.84. According to 2 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
SpiceJet Ltd revenue growth forecast
Expected growth rate Q1, FY2026:43.45%
Forecast
Actual
Including amortisation and stock based compensations
SpiceJet Ltd EPS growth forecast
EPS estimate Q1, FY2026:90.74%
Forecast
Actual
Source: S&P Global Market Intelligence
SpiceJet Ltd Performance
Day's Low
Day's High
₹57.32Day's Price Range₹61.8452 Week's Low
52 Week's High
₹4652-Week Price Range₹79.9
| Returns % | |
| 1 Month Return | + 11.65 % |
| 3 Month Return | -12.73 % |
| 1 Year Return | + 0.31 % |
| Market Stats | |
| Previous Close | ₹61.33 |
| Open | ₹61.50 |
| Volume | 1.15Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹7,213.33Cr |
SpiceJet Ltd Key Statistics
| P/E Ratio | -7.83 |
| PEG Ratio | -7.83 |
| Market Cap | ₹7,213.33 Cr |
| P/B Ratio | -1.66 |
| EPS | -5.41 |
| Dividend Yield | 0 |
| Sector | Air Transport Service |
| ROE | 0 |
SpiceJet Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| ₹7,213.33 Cr | -6.79% | 1.43 | -₹424 Cr | ₹7,085 Cr | ||
| NA | ₹2,415.55 Cr | 68.88% | 0.58 | NA | NA | |
| NA | ₹419.72 Cr | 96.47% | 0.98 | NA | NA | |
| NA | ₹896.29 Cr | 326.49% | 0.51 | ₹37 Cr | ₹186 Cr | |
| NA | ₹388.06 Cr | 7.06% | -0.29 | NA | NA |
About SpiceJet Ltd
SpiceJet operates over 500 daily flights to 65 destinations, including 50 Indian cities, and 15 international destinations. The airline offers a wide range of services including passenger and cargo services, charter services, and ground handling services. It also provides a wide range of products such as air tickets, online check-in, web check-in, and mobile check-in.
The airline's popular products and services include SpiceMax, SpiceStyle, SpiceBiz, SpiceAssured, SpiceSafe, SpiceValue, SpiceClub, and SpiceConnect. Its popular brands include SpiceJet, SpiceJet Plus, SpiceJet Connect, and SpiceJet Cargo.
Share Price: ₹57.84 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹7,213.33Cr as of today
Revenue: ₹1,646.21Cr as on June 2024 (Q2 24)
Net Profit: ₹158.19Cr as on June 2024 (Q2 24)
Listing date: 10 May, 1995
Chairperson Name: Ajay Singh
| Organisation | SpiceJet Ltd |
| Headquarters | Gurgaon |
| Industry | Air Transport Service |
| E-voting on shares | Click here to vote |
What's happening today
Today's Timeline - 21 Dec
00:20 AM
-SpiceJet faces allegations of removing engines from leased Boeing 737 freighters amid ongoing financial disputes with lessors.
01:15 AM
-SpiceJet expects to return three grounded B737 MAX planes to service by April, boosting financial health after recent fundraising.
Key events for SpiceJet Ltd
SpiceJet Faces Challenges Amid New Flight Launch - 20 Dec, 2024
SpiceJet announced new flights for the Maha Kumbh Mela while facing legal challenges over component theft and settling disputes with lessors. The airline aims to restore grounded aircraft by April 2025, enhancing its operational capabilities.SpiceJet Resolves Dispute, Shares Surge Nearly 9% - 19 Dec, 2024
SpiceJet reached an amicable settlement with Genesis, resolving a $16 million dispute. The airline will pay $6 million and issue equity at a premium, boosting investor confidence and stock price.SpiceJet Faces Legal Challenges Amid Turnaround Efforts - 16 Dec, 2024
SpiceJet is working towards cash-flow positivity by FY27 after raising ₹3,000 crore through QIP. However, the Delhi HC has summoned its CEO and COO for non-payment to a lessor, highlighting ongoing challenges.SpiceJet Clears PF Dues, Boosts Financial Position - 13 Dec, 2024
SpiceJet has cleared all pending employee provident fund dues of Rs 160.07 crore, improving its financial accountability. The airline raised Rs 3,000 crore through a QIP, enhancing its balance sheet and operational discipline. Following this, SpiceJet shares rose 1.38% to Rs 58.59. The company aims for sustainable growth while addressing various statutory obligations and disputes with creditors.SpiceJet Issues Travel Advisory Amid Tamil Nadu Rains - 12 Dec, 2024
SpiceJet has issued a travel advisory for passengers traveling to and from Chennai due to heavy rains affecting flight operations. Passengers are advised to check their flight status.SpiceJet Faces Challenges Amid Restructuring Plans - 09 Dec, 2024
SpiceJet is restructuring its balance sheet after raising ₹3,000 crore. The airline faces technical issues with flights and declining market share, despite increased foreign investment interest.SpiceJet Plans AGM for Capital Increase and Appointments - 08 Dec, 2024
SpiceJet will hold its AGM on December 30, 2024, seeking shareholder approval to increase authorized share capital from Rs 15 billion to Rs 20 billion, along with key appointments.SpiceJet Implements Fog Plan and Plans Capital Increase - 07 Dec, 2024
SpiceJet is set to enhance operational resilience with a new fog plan. Additionally, the airline's CMD outlined strategies to reduce negative net worth and expand its fleet by 2026. An annual general meeting is scheduled for December 30 to seek shareholder approvals for increasing authorized share capital and appointing directors.SpiceJet Enhances Operations Amid Fog Challenges - 06 Dec, 2024
SpiceJet plans to deploy additional ground staff and adjust flight schedules to manage disruptions caused by fog. The airline aims to ensure passenger comfort and maintain operations with adequately trained CAT-III pilots.SpiceJet Secures Haj Flight Rights for 2025 - 02 Dec, 2024
SpiceJet has secured rights to operate over 100 special Haj flights in 2025 from four Indian cities, expecting to carry 15,500 pilgrims and generate ₹185 crore in revenue. This operation marks an 18% increase in capacity compared to 2024. Haj flights have been a significant revenue source for the airline since 2019.SpiceJet Shares Surge After Insolvency Case Withdrawal - 28 Nov, 2024
SpiceJet's stock increased after Aircastle withdrew its insolvency case, following a $5 million settlement. This resolution aids SpiceJet's efforts to strengthen partnerships and financial stability.SpiceJet Settles Dispute, Strengthens Financial Position - 27 Nov, 2024
SpiceJet has withdrawn its insolvency case against Aircastle after a $5.6 million settlement. The airline is also set to receive ₹736 crore from a prior funding round, enhancing its financial stability. SpiceJet aims to expand its fleet to 100 aircraft by 2026, despite challenges from grounded leased engines due to unpaid dues.SpiceJet Passenger Traffic in October 2024 - 25 Nov, 2024
In October 2024, SpiceJet transported 3.35 lakh passengers, accounting for 2.4% of the overall domestic passenger traffic, as reported alongside Akasa Air's performance.
Insights on SpiceJet Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTProfit Spike
Netprofit is up for the last 4 quarters, -448.99 Cr → 158.31 Cr (in ₹), with an average increase of 135.0% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 1.81% to 22.87% in Sep 2024 quarter
NO EFFECTAgainst Peers
In the last 3 years, Interglobe Aviation Ltd has given 141.4% return, outperforming this stock by 153.2%
- NO EFFECT
Against Peers
In the last 1 year, Mega Corporation Ltd has given 101.8% return, outperforming this stock by 116.6%
NEGATIVE IMPACTPrice Dip
In the last 3 months, SPICEJET stock has moved down by -17.7%
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 45.37% to 39.55% in Sep 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 5.05% to 3.83% in Sep 2024 quarter
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 47.66% to 29.13% in Sep 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 2.37K Cr → 2.07K Cr (in ₹), with an average decrease of 12.5% per quarter
News
SpiceJet Expects Return of Grounded B737 MAX Planes by April
SpiceJet expects 3 grounded B737 MAX planes to return to service by April. The airline stated that it has partnered with US-based MRO (maintenance, repair, and overhaul) provider StandardAero to restore its Boeing 737-8 MAX fleet. SpiceJet currently has 36 grounded aircraft, including seven Boeing 737 MAX planes. The airline aims to bring these planes back into service by the end of 2026. SpiceJet chairman and managing director Ajay Singh said the return of three fuel-efficient Boeing 737 MAX planes would provide a significant boost to the airlines financial health. The airline has been working to strengthen its fleet and resolve outstanding disputes after raising ₹3,000 crore recently. In the past two months, it has resolved disputes with multiple lessors, including Export Development Canada, Engine Lease Finance Corporation, Babcock & Brown Aircraft Management, Aircastle (Ireland), Wilmington Trust SP Services (Dublin) and Shannon Engine Support. On Thursday, SpiceJet settled a dispute of over $16 million with Dublin-headquartered commercial aircraft leasing company Genesis Aircraft Services. Under the agreement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity for Rs 100 per share. The airline has also recently cleared all the employee statutory dues including PF and GST.21 Dec, 2024 01:15 AMSpiceJet Faces Allegations Over Aircraft Engine Removal Amid Financial Crisis
US-based Spectre Cargo Solutions has alleged through its Irish affiliates that SpiceJet has removed engines from the five Boeing 737 freighter planes it had leased to the airline. The airline, however, said that it has already returned two aircraft to the lessor and is working to return the three grounded aircraft to service within the first quarter of 2025. It said that the two parties are also working together to lease additional aircraft. Further it must be pointed out that you didn't seek the approval of my clients before taking aforementioned actions and neither have you paid for the use of my clients high value equipment and continue to use the equipment without remunerating my clients for the same, Sarin & Co, a law firm representing three of Spectre Cargo Solution associates-NG Genesis Limited, NGF Charlie Limited, NGF Alpha Limited-said in a notice sent to SpiceJet, a copy of which was seen by ET. Therefore, prima facie, you are inter-alia guilty of theft. The practice of removing parts to keep another plane flying is commonly known as turning the disused planes into Christmas trees. Although rare, the practice is most often linked to financial difficulties. But according to agreements between airlines and lessors, the planes have to be returned in similar condition as they were when originally leased. SpiceJet has gone through a severe financial crisis, during which it defaulted on payment of aircraft lease rentals to multiple lessors. The Delhi High Court summoned senior executives of the airline recently for failing to comply with an earlier order to pay $6 million to engine lessor Team France. After a fundraising of ₹3,000 crore through a qualified institutional placement, however, the airline has been able to resolve some of the disputes. For instance, on Wednesday, it said that it had settled a dispute of around $16 million with Dublin-headquartered Genesis Aircraft Services. Under the agreement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity at a price of ₹100 per share, the airline said.21 Dec, 2024 12:20 AMSpiceJet Announces Special Flights for Maha Kumbh Mela 2025
SpiceJet has announced the launch of daily special flights connecting Uttar Pradesh's Prayagraj to major cities such as Delhi, Mumbai, Bengaluru, and Ahmedabad. These daily special flights will from 12th January to 28th February, 2025. SpiceJet settles dispute of over USD 16 million with Genesis.20 Dec, 2024 05:04 PMSpiceJet Ltd Financials
SpiceJet Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 29.13% | ||
| Foreign Institutions | 22.87% | 1160.37 | |
| Mutual Funds | 3.83% | ||
| Retail Investors | 39.55% | ||
| Others | 4.62% | 4250.52 |
SpiceJet Ltd Key Indicators
SpiceJet Ltd Valuation
SpiceJet Ltd in the last 5 years
Lowest (-145.50x)
January 1, 2020
Today (-7.83x)
December 19, 2024
Industry (38.68x)
December 19, 2024
Highest (504.66x)
August 19, 2019
SpiceJet Ltd Earnings and Dividends
SpiceJet Ltd Earnings Results
SpiceJet Ltd’s net profit fell -19.9% since last year same period to ₹158.31Cr in the Q1 2024-2025. On a quarterly growth basis, SpiceJet Ltd has generated 24.52% jump in its net profits since last 3-months.
Read More about Earnings Results
SpiceJet Ltd Technicals Summary
Bearish
Neutral
Bullish
SpiceJet Ltd is currently in a Bearish trading position according to technical analysis indicators.
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SpiceJet Ltd (500285) share price today is ₹57.84
SpiceJet Ltd is not listed on NSE
SpiceJet Ltd is listed on BSE
- Today’s highest price of SpiceJet Ltd is ₹61.84.
- Today’s lowest price of SpiceJet Ltd is ₹57.32.
PE Ratio of SpiceJet Ltd is -7.83
PE ratio = SpiceJet Ltd Market price per share / SpiceJet Ltd Earnings per share
Today’s traded volume of SpiceJet Ltd(500285) is 1.15Cr.
Today’s market capitalisation of SpiceJet Ltd(500285) is ₹7213.33Cr.
| SpiceJet Ltd(500285 | Price |
|---|---|
52 Week High | ₹79.9 |
52 Week Low | ₹46 |
SpiceJet Ltd(500285) share price is ₹57.84. It is down -27.61% from its 52 Week High price of ₹79.9
SpiceJet Ltd(500285) share price is ₹57.84. It is up 25.74% from its 52 Week Low price of ₹46
| SpiceJet Ltd(500285 | Returns |
|---|---|
1 Day Returns | -3.49% |
1 Month Returns | 11.65% |
3 Month Returns | -12.73% |
1 Year Returns | 0.31% |