IPO Plus

BSE · 500285 · Air Transport Service

Spicejet Ltd.

Promoter stake −6.8pp
11.26
₹1,749 Cr market cap
P/E
-2.38
EPS
₹0
Book value
₹-15.22
ROE
17.6%
ROCE
-18.22%
Debt / equity
0

Revenue & net profit by period

Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.

01692338450766768Jun 24Sep 24Dec 24Mar 25Mar 25Jun 25Sep 25Dec 25
Revenue (₹ Cr) Net profit (₹ Cr)

Latest period: revenue ₹1,384 Cr with net profit ₹-269 Cr — a -19.45% net margin, versus -81.13% the period before.

Shareholding

As of 2026-03-31

24.19%
promoter holding
  • Promoter24.19%
  • Public71.58%
  • FII1.98%
  • DII2.25%

4,43,166 shareholders on record

Promoter holding trend

Each disclosed period, oldest to newest

29.13%24.19%Dec 24Mar 26

52-week position

Where the current price sits in its yearly band

9.5311.2640.59

The band spans 4.26× from low to high.

Risk flags

Derived from disclosed data

  • Promoter holding fell 6.8 percentage points to 24.19% in the latest disclosure.

Peer comparison

Transport - Airlines · ranked #4 of 7 by market cap · medians across 5 industry peers

P/E
-2.38vs 27.22 peer med
P/B
vs 5.03 peer med
ROE %
17.6vs 9.56 peer med
Margin %
-17.09vs 23.07 peer med
CompanyMkt capP/EP/BROEMargin
Interglobe Aviation Ltd.₹2,01,526 Cr27.2228.9-14.24%-2.82%
Afcom Holdings Limited₹4,038 Cr33.126.1526.69%23.07%
Raymond Ltd.₹3,877 Cr0.71.368.92%241.46%
Spicejet Ltd.(this company)₹1,718 Cr-2.3817.6%-17.09%
TaaL Tech Ltd.₹1,233 Cr21.845.0323.14%28.73%
Jet Freight Logistics Limited₹100 Cr32.581.49.56%1.53%

AI analysis

AI-generated · google/gemini-2.5-flash

Spicejet Ltd. is listed with a market capitalization of Rs 1653 Cr. The company reported revenue of Rs 6768.26 Cr and a negative profit margin of -17.09%. Its book value is negative at -15.22, and its Debt-to-Equity ratio is 0.

Positives

  • +The debt-to-equity ratio is 0, indicating an absence of debt in the company's capital structure.
  • +The number of shareholders has increased from 141037 in Mar 2018 to 443166 in Mar 2026.

Negatives

  • The company reported a negative profit margin of -17.09%.
  • The book value per share is negative at -15.22.
  • Promoter pledge stands at 39.77% of their holding.
  • The company's Return on Capital Employed (ROCE) is negative at -18.219%.
  • Promoter holding has decreased from 44.15% in Sept 2018 to 24.1913% in Mar 2026.

Financial Performance

Spicejet Ltd. reported a revenue of Rs 6768.26 Cr for the most recent annual period. The net profit for the same period was Rs 62.768 Cr. Over the quarterly periods, revenue has fluctuated, with a high of Rs 1465.56 Cr in Mar 2025 and a low of Rs 792.42 Cr in Sept 2025.

Profitability & Returns

The company's profit margin is -17.09%, indicating losses relative to revenue. The Return on Capital Employed (ROCE) stands at -18.219%, while the Return on Equity (ROE) is 17.6%. The company's EPS for the last annual period is 0.59. The PE ratio is -2.38.

Balance Sheet

Spicejet Ltd. has a negative book value per share of -15.22. The debt-to-equity ratio is 0, suggesting the company has no debt relative to its equity. Further details on the balance sheet structure are not available in the provided data.

Ownership & Pledges

Public shareholding is 71.5823%. A total of 39.77% of promoter shares are pledged. The number of shareholders is 443166.

Data as of — price: 2026-07-30 · financials: Dec 25 · shareholding: Mar 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.

How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.

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