SpiceJet Limited (SPICEJET) AI Stock Analysis

• Market Cap: ₹47.20B
• Dividend Yield: N/A
• Average Volume (3M): 12.45M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.29
• Revenue Growth: -26.46%
• EPS Growth: 46.14%
• Country: IN
• Employees: 7,131
• Sector: Services
• Sector Strength: N/A
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -4.50
• Shares Outstanding: 1,281,988,600
• 10 Day Avg. Volume: 18,854,900
• 30 Day Avg. Volume: 12,451,830
• PEG Ratio: -0.69
• Price to Book (P/B): -2.45
• Price to Sales (P/S): 0.94
• P/FCF Ratio: -2.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: ₹33.00 ▼(-0.81% Downside)

SpiceJet's overall stock score is primarily impacted by its poor financial performance, characterized by negative profitability and high leverage. Technical analysis provides mixed signals, with some potential for upward momentum. Valuation metrics are unattractive due to ongoing losses and lack of dividends.

Positive Factors

Low-Cost Business Model

SpiceJet's low-cost business model allows it to offer competitive fares, making air travel accessible to a broader audience and potentially capturing market share in price-sensitive segments.

Revenue Diversification

Diversified revenue streams from ancillary services and cargo operations provide stability and reduce reliance on passenger ticket sales, supporting long-term financial resilience.

Strategic Partnerships

Partnerships with travel agencies and platforms enhance market reach and customer retention, driving consistent ticket sales and supporting long-term growth.

Negative Factors

High Leverage

High leverage increases financial risk and limits flexibility, potentially impacting the company's ability to invest in growth opportunities and weather economic downturns.

Negative Profitability

Persistent negative profitability undermines financial health, limiting the ability to reinvest in operations and improve competitive positioning over the long term.

Cash Flow Strain

Inability to generate positive cash flow from operations constrains financial sustainability, affecting the company's capacity to fund operations and strategic initiatives.

SpiceJet Limited Business Overview & Revenue Model

Company Description

SpiceJet Limited is a leading low-cost airline based in India, primarily focused on providing affordable air travel services. Established in 2005, the airline operates a robust domestic and international network, catering to a diverse range of passengers. SpiceJet is known for its innovative pricing strategies and a customer-centric approach, offering services that include passenger air transport, cargo services, and chartered flights. The company aims to enhance connectivity across various regions, making air travel accessible to a broader audience.

How the Company Makes Money

SpiceJet generates revenue primarily through ticket sales from its passenger flights, offering both economy and premium services. The airline's revenue model is based on a low-cost structure, which allows it to provide competitive fares while maintaining profitability. Additional revenue streams include ancillary services such as baggage fees, in-flight meals, and seat selection charges. Cargo services also contribute to the company's earnings, with SpiceJet operating dedicated freighter aircraft to transport goods. Strategic partnerships with travel agencies, online travel platforms, and loyalty programs further enhance revenue by increasing ticket sales and customer retention. The airline also benefits from government initiatives to promote regional connectivity, tapping into new markets and expanding its operational footprint.

SpiceJet Limited Financial Statement Overview

Summary

SpiceJet is facing significant financial challenges with negative profitability metrics, high leverage, and operational inefficiencies. The income statement, balance sheet, and cash flow statement all reflect financial stress and instability.

Income Statement

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	33.09B	50.74B	67.77B	88.65B	66.04B	49.87B
Gross Profit	-2.79B	-2.38B	-3.88B	-5.07B	-15.15B	-12.60B
EBITDA	160.69M	10.01B	8.12B	-921.10M	510.44M	10.23B
Net Income	-3.50B	627.68M	-4.23B	-15.13B	-17.44B	-10.30B
Balance Sheet
Total Assets	0.00	65.94B	64.72B	77.71B	95.55B	113.52B
Cash, Cash Equivalents and Short-Term Investments	3.94B	8.01B	2.15B	359.74M	631.14M	359.40M
Total Debt	0.00	42.19B	53.79B	73.49B	83.32B	95.18B
Total Liabilities	19.44B	85.39B	116.91B	136.21B	138.95B	139.56B
Stockholders Equity	-19.44B	-19.42B	-52.17B	-58.50B	-43.40B	-26.04B
Cash Flow
Free Cash Flow	0.00	-17.70B	-6.54B	403.65M	9.67B	1.51B
Operating Cash Flow	0.00	-16.89B	-5.96B	627.95M	10.04B	2.28B
Investing Cash Flow	0.00	-6.43B	234.58M	5.12B	-1.49B	2.12B
Financing Cash Flow	0.00	21.68B	8.26B	-6.10B	-8.78B	-4.37B

SpiceJet Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 33.27
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 33.27 is below the 20-day moving average (MA) of 35.67, below the 50-day MA of 33.63, and below the 200-day MA of 40.22, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 45.02 is Neutral, neither overbought nor oversold. The STOCH value of 23.44 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WELENT	70 Outperform	₹78.02B	24.54	―	0.56%	9.11%	16.30%
YATRA	69 Neutral	₹26.64B	49.17	―	―	82.79%	208.75%
THOMASCOOK	63 Neutral	₹69.50B	27.23	―	0.31%	11.02%	-9.59%
EASEMYTRIP	60 Neutral	₹28.84B	36.90	―	―	-16.06%	-79.12%
MHRIL	57 Neutral	₹66.93B	49.98	―	―	4.25%	17.51%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SPICEJET	41 Neutral	₹47.20B	-8.61	―	―	-26.46%	46.14%