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INVESTMENT INSIGHTS

Check Before You Invest : SpiceJet Ltd

BSE: 500285 NSE: SPICEJET ISIN: INE285B01017
  |   Sector:  Travel & Hospitality   |   Industry:  Airlines

Snapshot

Q.1 Which industry/sub-sector does SpiceJet Ltd belong to?
SpiceJet Ltd belongs to the Travel & Hospitality sector, operating specifically within the Airlines segment.
Q.2 Is SpiceJet Ltd a good quality company?
SpiceJet Ltd is a average quality company, based on a somewhat consistent 10 year financial track record.
Q.3 Is SpiceJet Ltd undervalued or overvalued?
SpiceJet Ltd appears Somewhat overvalued, as its key valuation ratios are above with their past averages.
Q.4 Is SpiceJet Ltd a good buy now?
SpiceJet Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

Q.1 Revenue growth of SpiceJet Ltd?
SpiceJet Ltd revenue growth is -25.1% for FY-2025 , which is below its 5 year CAGR of -15.6% , indicating slower growth.
Q.2 Gross Profit margin of SpiceJet Ltd?
SpiceJet Ltd Gross profit margin which is the profit after deduction of direct costs, is 13.2% for FY-2025 , which is above its 5 year median of 4.8% , indicating increasing margins.
Q.3 Operating Profit Margin of SpiceJet Ltd?
SpiceJet Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is -6.41% for FY-2025 , which is in line with its 5 year median of -6.41% indicating stable margins.
Q.4 Net Profit Margin of SpiceJet Ltd?
SpiceJet Ltd Net Profit Margin is 1.1% for FY-2025 , is above with its 5 year median of -16.95%, indicating increasing margins.
Current Level Historic Median
Gross Profit Margin 13.2 4.8
Operating Profit Margin -6.41 -6.41
Net Profit Margin 1.1 -16.95
Q.5 Return on Asset of SpiceJet Ltd?
SpiceJet Ltd Return on Asset is 0.64%, which is above its 5 year historical median of -8.24%, indicating improved asset utilization efficiency.
Q.6 Return on Equity (ROE) of SpiceJet Ltd?
SpiceJet Ltd Return on equity is 0% for FY-2025 , which is in line with its historical median of 0%, indicating the business is making similar use of its shareholders capital.
Q.7 Return on capital employed (ROCE) of SpiceJet Ltd?
SpiceJet Ltd Return on capital employed is 533.43% for FY-2025 , which is above its estimated weighted average cost of capital(WACC) 13.5%, indicating value creation.
Q.8 Cash conversion cycle of SpiceJet Ltd?
SpiceJet Ltd Cash conversion cycle is -151 days, below its historical median of -91 days, indicating improved working capital management. However, you need to compare this with its peers in the industry.
Current Level Historic Median
Asset Turnover 0.58 0.63
ROE - -
ROCE 533.43 -
Cash Conversion Cycle -151 days -91 days
Q.9 Debt to Equity ratio of SpiceJet Ltd?
SpiceJet Ltd Debt-to-Equity ratio is 1.60 , which is above with the industry average of 0 , indicating higher debt levels in the industry.
Q.10 Debt to cash flow from operations of SpiceJet Ltd?
SpiceJet Ltd Debt to cash flow from operations is -0.53 , which is at a unhealthy level.

Ownership & governance

Q.1 Promoter shareholding and pledge status of SpiceJet Ltd?
Promoters hold 30.99% of the SpiceJet Ltd, with 47.69% of their stake pledged, indicating high pledge risk.

Peer comparison (industry-wise, mcap)

Q.1 Revenue growth of SpiceJet Ltd vs industry peers?
SpiceJet Ltd revenue CAGR is -15.63% , compared to the industry median CAGR of -6.07% , indicating stable growth and maintaining its market share.
Profit Metrics
Current Level Industry Median
Revenue 5,284 411.1
Gross Profit 697.5 73
Operating Profit -455 19
Net Profit 58 8
Operating Efficiency
Current Level Industry Median
Asset Turnover 0.58 0.55
ROE - 9.27
ROCE 533.43 10.95
Cash Conversion Cycle (days) -150.93 -

Valuation & price assessment

Q.1 Stock return of SpiceJet Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -15% based on the current price.
Q.2 What return has the stock given over the last decade?
9Y 5Y 3Y 1Y
Share Price -15% -26.7% -24.3% -72.8%
Q.3 Valuation ratios of SpiceJet Ltd vs historical?
The current P/E is similar that its historical median.
Q.4 How do the current valuation ratios measure up against the historic numbers and the current industry numbers?
Valuation Ratios Current Historic Median Industry Median
Price to Earnings - 0.00 50.15
Price to Book -4.84 0.00 4.39
Price to Sales 0.49 0.33 2.31
EV to EBITDA 34.45 7.33 9.41

Check more companies

1. Raymond
2. SpiceJet
3. TAAL Tech
4. FlySBS Aviation
5. Taneja Aerospace
6. Global Vectra Helico
7. Go Airlines (India)
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