SpiceJet Ltd

SpiceJet Ltd (SPICEJET) is a micro-cap Services company valued at ₹1,308 crore operating in Airline on the NSE and BSE.

Recent price move

SpiceJet Ltd last traded at ₹31.7, modestly up 1.93% on the day.

Recent developments

On 2026-10-05, SpiceJet received a ₹150 crore disbursement under the ECLGS 5.0 scheme, with the FIA seeking faster credit disbursement for airlines. On 2026-09-23, SpiceJet's domestic market share dropped to 1.2% in August, with Akasa Air securing the third position. On 2026-09-22, the DGCA reviewed SpiceJet's finances, with the government stating ₹150 crore had already been disbursed to the airline.

Financial performance

The company's annual revenue fell 20.5% year-over-year, but the net profit loss narrowed significantly from ₹1,503 crore to ₹409 crore. In the latest quarter, revenue rose 12.4% compared to the same quarter a year earlier, but the net profit swung from a profit of ₹25 crore to a loss of ₹269 crore.

Valuation multiples

A price-to-earnings ratio is not meaningful here because the company is loss-making; the stock trades at -0.58 times book value.

Things to watch

The company's net profit margin improved to -5.8% from -16.9%, but the return on capital employed remains low at 2.0%. Promoter holding fell by 6.80 percentage points in the quarter, and foreign institutional holding dropped by 2.02 percentage points. The company has a high debt-to-equity ratio of 6.17, indicating significant leverage.

Where it stands

SpiceJet's annual net profit loss narrowed, but the latest quarter showed a sharp swing to a loss. Promoter holding and institutional holdings declined, and the company faces financial scrutiny. The most significant movement was the promoter holding falling by 6.80 percentage points.

Summarised by DocStoX's model on 2026-10-18 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.