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SpiceJet Ltd
NSE: SPICEJET BSE: 500285
₹11.30
(0.27%)
Mon, 10 Aug 2026, 05:47 pm
Market Cap (in Cr)1724.49
PE Ratio0
Dividend0
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SpiceJet Analysis
dividend
Pros
Cons
- No need to calculate the sustainability of SpiceJet's dividends in 3 years as they are not expected to pay a notable one for India.
- Unable to evaluate SpiceJet's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate SpiceJet's dividend against the top 25% market benchmark as the company has not reported any payouts.
future
Pros
Cons
- SpiceJet is not considered high growth as it is expected to be loss making for the next 1-3 years.
- Unable to compare SpiceJet's earnings growth to the India market average as it is expected to be loss making during the next 1-3 years.
- Unable to compare SpiceJet's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
- SpiceJet is expected to be loss making next year.
- SpiceJet's is expected to be loss making in 2 years.
- SpiceJet's revenue is expected to decrease over the next 2 years.
- SpiceJet's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
- SpiceJet's revenues are expected to decrease over the next 1-3 years, this is below the India market average.
health
Pros
- Whilst loss making SpiceJet has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -39% per year.
- Whilst loss making SpiceJet has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
- Debt is well covered by operating cash flow (113%, greater than 20% of total debt).
Cons
- SpiceJet's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- SpiceJet has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
- SpiceJet's long term commitments exceed its cash and other short term assets.
- Irrelevant to check if SpiceJet's debt level has increased considering it has negative shareholder equity.
- SpiceJet has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
- High level of physical assets or inventory.
management
Pros
- The tenure for the SpiceJet board of directors is about average.
- Ajay's remuneration is lower than average for companies of similar size in India.
- The average tenure for the SpiceJet management team is over 5 years, this suggests they are a seasoned and experienced team.
Cons
misc
Pros
Cons
- SpiceJet is covered by less than 3 analysts.
- SpiceJet has significant price volatility in the past 3 months.
past
Pros
Cons
- Unable to compare SpiceJet's 1-year earnings growth to the 5-year average as it is not currently profitable.
- SpiceJet does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- SpiceJet used its assets less efficiently than the Asia Airlines industry average last year based on Return on Assets.
- It is difficult to establish if SpiceJet improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
- It is difficult to establish if SpiceJet has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
- Unable to compare SpiceJet's 1-year growth to the Asia Airlines industry average as it is not currently profitable.
value
Pros
- SpiceJet's share price is below the future cash flow value, and at a moderate discount (> 20%).
- SpiceJet's share price is below the future cash flow value, and at a substantial discount (> 40%).
- BSE:500285 is up 11.6% outperforming the Airlines industry which returned 5.5% over the past month.
- BSE:500285 is up 11.6% outperforming the market in India which returned 8% over the past month.
Cons
- SpiceJet has negative assets, we can't compare the value of its assets to the Asia Airlines industry average.
- SpiceJet is loss making, we can't compare its value to the Asia Airlines industry average.
- SpiceJet is loss making, we can't compare the value of its earnings to the India market.
- 500285 underperformed the Airlines industry which returned -31.8% over the past year.
- 500285 underperformed the Market in India which returned -14.5% over the past year.