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As of 6 Nov 2026, SpiceJet is loss-making on a trailing 12-month basis, with a net loss of ₹775 Cr, so it has no P/E ratio. The share price is ₹7.54, 80% below its 52-week high. Sales fell 7.5% a year over 3 years. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹4,213 Cr. It is a small-cap company with a market cap of ₹1,151 Cr, ranked 33rd of 75 Airlines companies by market cap; the shares fell 78% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Dec 2025.How we calculate this

past year
Open
₹7.88
Day high
₹7.88
Day low
₹7.54
Prev. close
₹7.93
Volume
39.6 L

Health check

5 to check
  • ReturnsBehind

    −78.5% over a year, better than 0 of 7 peers.

  • Price tagNegative equity

    Book value is below zero, so P/E and P/B mislead here.

  • GrowthShrinking

    Sales −7.5% a year over 3 years.

  • ProfitabilityDistorted

    With negative net worth, return ratios are meaningless.

  • Balance sheetStretched

    Negative net worth: liabilities exceed assets.

  • Red flags4 to check

    Loss-making over the last twelve months.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Airlines

74 listed peers. Screen the industry

Small cap

₹1,151 Cr, #33 of 75 in its industry by size.

Defensive

Beta 0.71 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Dec 2025: sales ₹4,786 Cr · profit ₹−775 Cr
Market cap
₹1,151 Cr
Small cap
P/E
n/a
Industry 18.8
Price to book
−0.38
Peers 3.28
Dividend yield
0.00%
ROE
n/a
Peers 9.6%
ROCE
n/a
Peers 11.0%
Debt to equity
n/a
Debt ₹4,213 Cr
EPS (TTM)
−₹4.34
OPM (TTM)
−21.4%
Net margin −16.2%
Sales growth
+13.8%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
0.24
EV/EBITDA −5.7

Strengths and risks

Risks to check

  • Loss-making over the last twelve months.
  • Negative net worth: liabilities exceed assets.
  • 80% below its 52-week high.
  • Interest coverage of only −1.2×.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About SpiceJet

SpiceJet Limited engages in the provision of air transportation services. The company operates through Air Transport, and Freighter and Logistics Services segments. It offers passengers and cargo air transportation services under the SpiceJet brand name. The company also operates fleets covering routes, including domestic and international destinations. SpiceJet Limited was incorporated in 1984 and is headquartered in Gurugram, India.

Headquarters
Gurugram
Employees
4,894
Sector
Industrials
ISIN
INE285B01017
Website
spicejet.com

Price range

52 weeks

₹7.40₹37.90

Today

₹7.54₹7.88
Avg volume (3M)
55.4 L
1-year return
minus 78.5%
From 52-week high
minus 80.1%

Peers · Airlines

Compare with peersScreen the whole industry
Company
ADANIPORTSAdani Ports and Special Economic Zone1,936.60plus 2.76%4,46,18532.34.3611.0%15.6%44.0%22.9%34.1%0.39%plus 30.5%
INDIGOInterGlobe Aviation5,476.00plus 1.03%2,11,739–42.394.0%−60.1%5.8%15.5%–0.00%minus 3.8%
GMRAIRPORTGMR Airports98.75minus 0.55%1,05,277240.9−43.2510.4%–26.6%31.8%–0.00%plus 4.4%
JSWINFRAJSW Infrastructure338.30minus 2.31%78,69250.34.4212.0%9.9%36.2%19.0%27.2%0.27%plus 19.5%
CONCORContainer Corporation of India439.80minus 0.24%33,49627.42.5112.4%9.3%14.5%4.1%1.9%1.96%minus 18.7%
DELHIVERYDelhivery428.00minus 0.48%32,080176.93.282.6%1.9%0.1%13.2%–0.00%minus 11.3%
REDINGTONRedington327.50minus 8.11%25,60313.82.3818.8%15.5%1.9%14.5%2.3%1.83%plus 42.4%
SPICEJETSpiceJet7.54minus 4.92%1,151–−0.38––−21.4%−7.5%–0.00%minus 78.5%
Median of 7 peers–−0.48%78,69241.33.2811.0%9.6%14.5%15.5%14.7%0.27%4.4%

Quarterly results

Consolidated, ₹ crore · latest reported Dec 25
SalesSelect a row below to chart it
₹ CrMar 25Jun 25Sep 25Dec 25
1,3961,0607301,345
1,4141,3161,1511,620
−18.1−256−421−275
−1.3%−24.2%−57.7%−20.4%
33985.6−14784.3
−32.363.153.651.7
−11.3––−19.8
342−234−621−262
342−234−621−261
–-1.66-4.40-1.78

Profit & loss

Yearly, ₹ crore · latest reported Mar 2025
Sales CAGR 3Y
−7.5%
Net profitSelect a row below to chart it
₹ CrMar 2022Mar 2023Mar 2024Mar 2025
6,4108,5726,7795,074
–+33.7%minus 20.9%minus 25.2%
7,0218,7886,8925,315
−612−216−113−241
−9.5%−2.5%−1.7%−4.8%
−147−29.46081,164
346398333205
1,2931,023753645
653153167−11.3
−1,744−1,513−42461.9
−1,744−1,513−42362.8
-29.00-25.13-6.370.60

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore · latest reported Mar 2025
Total assetsSelect a row below to chart it
₹ CrMar 2022Mar 2023Mar 2024Mar 2025
6026027831,413
−4,942−6,452−6,001−3,356
8,3327,3495,3794,218
5,5626,2726,3114,319
9,5557,7716,4726,594
5,5724,0262,5632,109
6.320.47.29.6
59815081.8337
13.136215394
3,3653,5393,6053,744
9,5557,7716,4726,594

Cash flow

Yearly, ₹ crore · latest reported Mar 2025
Cash from operationsSelect a row below to chart it
₹ CrMar 2022Mar 2023Mar 2024Mar 2025
1,004120−596−1,689
−14951235.8−643
−878−6107302,168
−23.121.8170−164
−37.2−22.4−58−80.6
96797.9−654−1,770

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 3.3% (Yahoo estimate).

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you