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SpiceJet Limited (IN:SPICEJET)
:SPICEJET
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SpiceJet Limited (SPICEJET) AI Stock Analysis

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IN:SPICEJET

SpiceJet Limited

(SPICEJET)

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Underperform 38 (OpenAI - 4o)
Rating:38Underperform
Price Target:
₹37.00
▲(24.24% Upside)
SpiceJet faces significant financial and operational challenges, which are the most impactful factors driving the low score. The company's weak financial performance, including negative profitability metrics and high leverage, is the primary concern. Technical analysis also indicates bearish sentiment, further weighing on the score. Valuation issues, highlighted by a negative P/E ratio, contribute to the bearish outlook.

SpiceJet Limited (SPICEJET) vs. iShares MSCI India ETF (INDA)

SpiceJet Limited Business Overview & Revenue Model

Company DescriptionSpiceJet Limited provides air transportation services. It operates through Air Transport, and Freighter and Logistics Services segments. The company offers passengers and cargo air transportation services under the SpiceJet brand name. It operates 98 fleets covering 250 routes, which include 212 domestic and 38 international destinations. SpiceJet Limited was incorporated in 1984 and is headquartered in Gurugram, India.
How the Company Makes MoneySpiceJet Limited generates revenue primarily through the sale of passenger tickets, which constitutes the largest portion of its income. The company benefits from a low-cost carrier model, focusing on cost-effective operations to maintain competitive pricing. Additionally, SpiceJet earns money from ancillary services such as baggage fees, seat selection, onboard sales, and loyalty programs. The airline also operates a cargo division, SpiceXpress, which contributes to its revenue by providing dedicated cargo services. Partnerships with travel agencies, codeshare agreements, and strategic alliances further enhance its market reach and revenue potential. Seasonal demand, fuel prices, and regulatory changes are significant factors influencing its earnings.

SpiceJet Limited Financial Statement Overview

Summary
SpiceJet's financial performance is poor, with negative gross and net profit margins, volatile revenue growth, and negative EBIT margins. The balance sheet reveals negative stockholders' equity and a high debt-to-equity ratio, indicating financial instability. Cash flow is strained, with negative free cash flow growth and a negative operating cash flow to net income ratio.
Income Statement
35
Negative
SpiceJet's financial performance has been challenging, with negative gross and net profit margins indicating persistent profitability issues. The revenue growth has been volatile, and EBIT margins have been consistently negative, highlighting operational inefficiencies. Despite positive EBITDA margins, the company's income statement reflects significant financial stress.
Balance Sheet
25
Negative
The balance sheet shows a concerning financial position with negative stockholders' equity, indicating liabilities exceed assets significantly. The high debt-to-equity ratio suggests a heavy reliance on debt financing, posing substantial financial risk. Overall, the balance sheet reflects instability and financial vulnerability.
Cash Flow
30
Negative
SpiceJet's cash flow statement indicates negative free cash flow growth and a negative operating cash flow to net income ratio, reflecting cash flow strain. The limited ability to generate positive cash flow from operations is a major concern, impacting long-term financial sustainability.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue61.52B50.74B67.77B88.65B64.10B49.87B
Gross Profit-3.83B-2.38B-3.88B-5.07B-15.15B-12.60B
EBITDA-2.12B10.01B8.12B393.80M510.44M10.23B
Net Income-4.71B627.68M-4.23B-15.13B-17.44B-10.30B
Balance Sheet
Total Assets84.61B65.94B64.72B77.71B95.55B113.52B
Cash, Cash Equivalents and Short-Term Investments28.38B8.01B2.15B359.74M131.14M359.40M
Total Debt50.20B42.19B53.79B73.49B83.32B95.18B
Total Liabilities110.59B85.39B116.91B136.21B138.95B139.56B
Stockholders Equity-25.96B-19.42B-52.17B-58.50B-43.40B-26.04B
Cash Flow
Free Cash Flow0.00-17.70B-6.54B403.65M9.67B1.51B
Operating Cash Flow0.00-16.89B-5.96B627.95M10.04B2.28B
Investing Cash Flow0.00-6.43B234.58M5.19B-1.49B2.12B
Financing Cash Flow0.0021.68B8.26B-5.60B-8.78B-4.37B

SpiceJet Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price29.78
Price Trends
50DMA
34.66
Negative
100DMA
38.50
Negative
200DMA
44.05
Negative
Market Momentum
MACD
-1.42
Positive
RSI
30.95
Neutral
STOCH
28.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPICEJET, the sentiment is Negative. The current price of 29.78 is below the 20-day moving average (MA) of 32.82, below the 50-day MA of 34.66, and below the 200-day MA of 44.05, indicating a bearish trend. The MACD of -1.42 indicates Positive momentum. The RSI at 30.95 is Neutral, neither overbought nor oversold. The STOCH value of 28.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SPICEJET.

SpiceJet Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
₹29.75B38.0614.90%-11.41%-30.90%
67
Neutral
₹22.08B45.504.67%118.05%
65
Neutral
₹69.17B21.7612.70%0.60%14.32%4.35%
60
Neutral
₹69.10B53.2316.35%3.14%6.79%
60
Neutral
₹76.60B30.1911.26%0.28%12.46%-4.05%
38
Underperform
₹38.18B-30.23%45.36%
55
Neutral
$13.29B17.4210.03%0.93%7.13%-12.93%
* Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:SPICEJET
SpiceJet Limited
29.78
-33.92
-53.25%
IN:EASEMYTRIP
Easy Trip Planners Ltd.
8.18
-8.84
-51.94%
IN:MHRIL
Mahindra Holidays & Resorts India Limited
342.05
-48.20
-12.35%
IN:THOMASCOOK
Thomas Cook (India) Limited
162.85
-39.27
-19.43%
IN:WELENT
Welspun Enterprises Ltd.
499.70
-54.62
-9.85%
IN:YATRA
Yatra Online Limited
140.70
9.15
6.96%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 08, 2025