1. SPICEJET
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50% Buy

SPICEJET Share Price

SPICEJET

₹61.94-₹1.02 (-1.62%) Past YearLast updated on 19 Apr, 2024 | 03:55 PM IST
₹60.35₹62.70
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Company overview

About

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Market cap

Market Cap Switch₹4,910 Cr

Open

₹61.10

Close

₹62.96

Circuit range

₹75.55 - ₹50.37

Day range

₹60.35 - ₹62.70

Year range

₹22.65 - ₹77.50

Volume

24,96,855

Avg. traded

₹61.86

Revenue (12m)

₹7,894 Cr

SPICEJET

SpiceJet Ltd is engaged in air transport services for both passengers and cargo. The airline operates passenger aircraft to 73 – 60 domestic and 12 international – destinations. The cargo services of the airline are available for 11, 264 postal codes with 8500 average flights per month. With a fleet of over 100 aircraft, SpiceJet carries over 980 tonnes of cargo daily.

SpiceJet Ltd was incorporated in 1984 as Genius Leasing Finance and Investment Company. The company, renamed as MG Express, ventured into domestic aviation under a technical partnership with Deutsche Lufthansa AG.

Business Operations

The company received its new name ModiLuft as it entered into a management agreement with Lufthansa to manage their entire airline operations in 1994. However, the airline's operations were eventually suspended in 1996 after growing disagreements with Lufthansa. It was again renamed to Royal Airways during 2000-01. It started commercial operation of domestic flight services in 2005 with three leased Boeing 737-800 aircraft.

The company had to undergo another name change to be rebranded as Spicejet Ltd in 2005. The airline partnered with various travel-related websites to sell their tickets through the internet. SpiceJet launched its daily direct flights between Delhi and Kolkata in 2005. It also began services to two new cities, Jammu and Srinagar.

With the induction of five new aircraft to their fleet during 2006-07, the company took the total fleet strength to 11 aircraft. It also started the sale of food on board and introduced SpiceJet Hotels, a dedicated online web hotel reservation service.

In 2007, SpiceJet signed an agreement with Air India for the wet lease of two of the company's Boeing 737-800 aircraft. In 2016, SpiceJet made several new purchases for its fleet. The company placed an order for up to 205 Boeing 737 MAX narrow and wide-bodied aircraft.

In 2017, SpiceJet signed an agreement with CFM International for the purchase of LEAP-1B engines to power a total of 155 Boeing 737 MAX planes along with spare engines to support the fleet.

SpiceJet began its dedicated air cargo services – SpiceXpress– in September 2018. In 2020, the airline operated India's first cargo-on-seat flight, using a passenger aircraft to transport cargo.

As of December 2023, SpiceJet has 92 aircraft in its fleet. SpiceJet's market capitalisation is over ₹4,109 crore as of December 29, 2023. SpiceJet's share price has fallen over 36% in the last three years.

Financial highlights

  • SpiceJet’s consolidated total income in FY23 stood at ₹9,842 crore, recording a 29.9 % year-on-year growth compared to ₹7,572 crore in FY22.
  • The company narrowed its net loss to ₹1,513 crore in FY23 as against ₹1,744 crore in FY22.
  • SpiceJet reported EBITDA (earnings before interest, tax, depreciation and amortisation) loss of ₹37.62 crore in FY23 compared to ₹50.65 crore in FY22.
  • The company’s earnings per share (EPS) stood at ₹(-25.14) in FY23 compared to ₹(-29.01) in the previous financial year.

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SPICEJET Key indicators

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52 week high

₹77.50

52 week low

₹22.65

P/E ratio

-99999.99

P/B ratio

-0.92

ROE

--

ROCE

--

Dividend yield

--

Debt/Equity ratio

-0.37

EPS

-24.97

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Investment checklist: (1/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

50%

Hold

50%

Sell

0%

This analysis is based on the reviews of 4 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

0.49%

Net profit margin

-16.95%

ROE

0%

ROA

-15.18%

ROCE

0%

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SPICEJET Shareholder returns

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1 day

-0.58%

1 week

-10.01%

1 month

+5.87%

3 months

-0.52%

1 year

+95.29%

3 years

-4.32%

5 years

-53.79%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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SPICEJET Share Price history

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DayOpenCloseDay’s change
Thu, Apr 18 2024
₹63.95
₹62.96
-1.57%
Tue, Apr 16 2024
₹63.20
₹63.33
+0.21%
Mon, Apr 15 2024
₹65.00
₹63.39
-2.54%
Fri, Apr 12 2024
₹69.30
₹67.25
-3.05%
Wed, Apr 10 2024
₹70.75
₹69.49
-1.81%
Tue, Apr 9 2024
₹64.70
₹69.96
+7.52%
Mon, Apr 8 2024
₹65.20
₹64.40
-1.24%
Fri, Apr 5 2024
₹65.80
₹64.98
-1.26%

Shareholding info

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Promoters (48.27%)

Mutual Funds (5.11%)

Retail and other (44.71%)

Foreign institutions-FII (1.73%)

Other domestic institutions (0.18%)

Promoters

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Events

Empty state

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Frequently asked questions