SpiceJet Ltd Stock Price Today (NSE: SPICEJET)
Fundamental Score
SpiceJet Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
SpiceJet Ltd share price today is ₹31.70, up +0.00% on NSE/BSE as of 1 August 2026. SpiceJet Ltd (SPICEJET) is a Small-cap company in the Airline sector with a market capitalisation of ₹1.67K (Cr). The 52-week high for SPICEJET share price is ₹N/A and the 52-week low is ₹N/A.
SpiceJet Ltd Share Price Chart — NSE/BSE Historical Performance
SpiceJet Ltd share price chart: 5.32% return over the past month. 52-week high ₹N/A, 52-week low ₹N/A.
SpiceJet Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹31.50 | ₹31.85 | ₹31.05 | ₹31.70 | 17.20L (Cr) | |
| ₹31.30 | ₹31.75 | ₹30.90 | ₹31.10 | 16.61L (Cr) | |
| ₹30.70 | ₹32.90 | ₹30.45 | ₹31.20 | 98.13L (Cr) | |
| ₹32.05 | ₹32.30 | ₹26.25 | ₹30.05 | 20.73L (Cr) | |
| ₹32.45 | ₹32.45 | ₹31.90 | ₹32.00 | 5.76L (Cr) | |
| ₹32.40 | ₹32.45 | ₹31.85 | ₹32.10 | 8.09L (Cr) | |
| ₹32.40 | ₹32.85 | ₹32.20 | ₹32.30 | 8.03L (Cr) | |
| ₹32.50 | ₹32.80 | ₹32.15 | ₹32.30 | 9.00L (Cr) | |
| ₹32.45 | ₹32.65 | ₹32.05 | ₹32.20 | 9.12L (Cr) | |
| ₹32.00 | ₹32.25 | ₹31.65 | ₹32.10 | 7.94L (Cr) |
AI Research Briefing
Powered by Gemini · 2026-08-01
SpiceJet is an operational zombie surviving on equity dilution debt-swaps while duopoly competitors swallow its remaining market share.
WHAT'S HAPPENING NOW (last 2-4 weeks)
SpiceJet added 3 Airbus A320s on damp lease in late July 2026 to arrest its collapsing domestic capacity, following a CCPA fine of ₹1 lakh for dark patterns and a forced retreat from Chennai due to groundings. While Q3 revenue bounced to ₹1,384.31 Cr with a narrowed net loss of ₹268 Cr, auditors issued a qualified opinion on going concern citing ₹8,905.37 Cr in accumulated losses and negative net working capital of ₹4,213.93 Cr. Salary delays exceeding 12 months persist.
CORE STORY (THE REAL GAME)
This is not an aviation turnaround story; it is a distressed-debt restructuring game with wings. Ajay Singh is running a liquidity survival drill, using equity dilutions to satisfy engine lessors like Carlyle while wet-leasing aircraft to keep slots alive. IndiGo and Air India are devouring domestic market share while SpiceJet trades on short-term damp-lease announcements and debt swap relief rallies.
- Auditors flagged material uncertainty over going concern with accumulated losses at ₹8,905.37 Cr.
- Negative working capital stands at ₹4,213.93 Cr alongside salary delays exceeding one year.
- Promoter holding plummeted 6.8% with 39.77% pledged while institutional holding is practically zero.
- Fresh equity allotment or capital infusion announcements.
- DGCA regulatory actions or lessor aircraft repossession notices.
- Quarterly net loss surprise or operational grounding updates.
- Severe micro/small-cap liquidity risk and extreme volume traps.
- Promoter pledge at 39.77% with promoter stake slashed down to 24.19%.
- 5-Year Free Cash Flow of ₹-1,181.78 Cr and negative working capital of ₹4,213.93 Cr.
Smart money is exiting completely: Promoter reduced stake by 6.8% to 24.19%, FII stake down 2.03% to 1.98%, and DII stake down 3.01% to 2.25%.
Brutal duopoly expansion as Air India and IndiGo induct narrow-body jets weekly, squeezing marginal players out of primary airport slots.
MoU signed for 10 leased aircraft targeting 300+ daily flights and 220 Cr ASKMs by Winter 2026.
No — chronic cash drain with 5-year aggregate FCF at ₹-1,181.78 Cr.
Operational scale will stay constrained by cash burn and vendor debt. Any short-term rally will trigger dilution and debt-to-equity conversions.
Primary Thesis Risk
Unrecoverable liquidity crisis triggering insolvency proceedings or forced aircraft repossessions.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
SpiceJet Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
SpiceJet Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of SPICEJET across key market metrics for learning purposes.
Positive Indicators
2 factors identified
Excellent EPS Growth (15.18% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (15.60% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Risk Factors
10 factors identified
Suboptimal ROCE (9.10%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Margin Pressure Concerns (-8.75%)
Observation: Operating margins are below industry standards.
Analysis: OPM <5% may indicate pricing pressures or cost management challenges.
Profit Decline Concern (-1104.04%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes.
Limited Growth History (-15.63% CAGR)
Observation: Below-average 5-year sales growth trajectory.
Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.
Weak Interest Coverage (-2.57x)
Observation: Limited ability to service debt obligations from earnings.
Analysis: Low interest coverage raises concerns about financial stability.
Negative Free Cash Flow (₹-1181.78 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
Low Promoter Commitment (24.19%)
Observation: Reduced promoter stake may indicate limited confidence.
Analysis: Low promoter holding may raise questions about management commitment.
Limited Institutional Interest (FII+DII: 4.23%)
Observation: Low institutional participation may affect liquidity.
Analysis: Limited institutional interest may indicate size constraints or visibility issues.
High Share Pledging Risk (39.77%)
Observation: Significant promoter share pledging creates potential overhang.
Analysis: High pledging levels may create selling pressure during market downturns.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
SpiceJet Ltd vs Airline Peers
Peer Comparison - Airline
Compare SpiceJet Ltd with 4 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
SpiceJet LtdSpiceJet Ltd...Selected✓ SPICEJET • 500285 | 0/100 | ₹31.70₹32 | ₹1672.61₹1672.61 | — — | — — | 9.10%Poor 9.10% Poor | — — | 15.60%Excellent 15.60% Excellent | -15.63%Poor -15.63% Poor | 0.00% |
InterGlobe Aviation LtdInterGlobe Avia... INDIGO • 539448 | 34.5/100 | ₹5171.00₹5171 | ₹199859.22₹199859.22 | — — | -14.36%Poor -14.36% Poor | 6.71%Poor 6.71% Poor | 13.21Poor 13.2 Poor | 12.72%Good 12.72% Good | 42.15%Excellent 42.15% Excellent | 0.19% |
Taal Enterprises LtdTaal Enterprise... TAALENT • 539956 | 64.8/100 | ₹2961.65₹2962 | ₹1268.26₹1268.26 | 22.47Average 22.5 Average | 25.13%Excellent 25.13% Excellent | 32.73%Excellent 32.73% Excellent | 0.00Excellent 0.0 Excellent | 12.33%Good 12.33% Good | 13.48%Good 13.48% Good | 1.59% |
68.1/100 | ₹468.55₹469 | ₹808.78₹808.78 | 13.31Average 13.3 Average | 26.19%Excellent 26.19% Excellent | 32.47%Excellent 32.47% Excellent | 0.12Excellent 0.1 Excellent | 108.83%Excellent 108.83% Excellent | 82.00%Excellent 82.00% Excellent | 0.00% | |
Global Vectra Helicorp LtdGlobal Vectra H... GLOBALVECT • 532773 | 14/100 | ₹165.13₹165 | ₹215.63₹215.63 | — — | -514.13%Poor -514.13% Poor | -2.11%Poor -2.11% Poor | 21.69Poor 21.7 Poor | -12.61%Poor -12.61% Poor | 12.04%Good 12.04% Good | 0.00% |
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SpiceJet Ltd Quarterly Performance
Latest quarterly metrics for SPICEJET — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
12.45%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
-1104.04%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
-15.63%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
15.60%
Compounded annual net profit growth over 5 years
SpiceJet Ltd Financial Statements
Annual income statement, balance sheet and cash flow for SpiceJet Ltd (SPICEJET) — sourced from NSE/BSE filings.
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About SPICEJET (SpiceJet Ltd)
SpiceJet Ltd is a vibrant and dynamic Indian airline, instantly recognizable by its bold livery and energetic approach to air travel. Emerging from humble beginnings, SpiceJet has ...established itself as a significant player in the Indian aviation landscape. The airline prides itself on offering a compelling blend of affordability and reliability, connecting diverse corners of the country and venturing into select international destinations. Beyond passenger transport, SpiceJet extends its reach through dedicated freight and logistics services, contributing to the seamless flow of goods and commerce. They are committed to providing passengers with safe and enjoyable air travel experience. The company's operational structure is strategically divided into two core segments: air transport and freighter & logistics services. This allows for a focused approach to both passenger needs and the demands of the cargo industry. Under the widely recognized SpiceJet brand, the airline caters to both leisure and business travelers, providing a range of flight options designed to meet varied budgets and schedules. This includes a host of ancillary services, adding to their revenue streams. The freighter and logistics segment offers efficient and dependable cargo solutions. Headquartered in Gurugram, a bustling hub in India, SpiceJet strategically positions itself to effectively manage its extensive network. Since its incorporation in 1984, the company has navigated the ever-evolving aviation industry, adapting to changing market dynamics and embracing technological advancements. With a commitment to continuous improvement and customer satisfaction, SpiceJet constantly seeks to refine its services, enhance its operational efficiency, and solidify its position as a leading force in the Indian aviation sector. They are focused on improving its operation and efficiency.
Company Details
Key Leadership
Latest News
SPICEJET Share Price: Frequently Asked Questions
What is the current share price of SpiceJet Ltd?
SpiceJet Ltd (SPICEJET) trades at ₹31.70 on NSE and BSE. Market cap ₹1.67K (Cr). Educational data only.
What is the P/E ratio of SpiceJet Ltd?
SpiceJet Ltd has a P/E of N/Ax vs industry average 17.89x.
What is the Bull Run score for SpiceJet Ltd?
SpiceJet Ltd has a Bull Run score of 0/100 based on 25+ financial parameters.
Does SpiceJet Ltd pay dividends?
SpiceJet Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.
What is the ROE of SpiceJet Ltd?
SpiceJet Ltd has ROE of N/A. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of SpiceJet Ltd?
SpiceJet Ltd has debt-to-equity of N/A.
Is SpiceJet Ltd a good investment?
Bull Run gives SpiceJet Ltd a score of 0/100. This is not investment advice — consult a SEBI-registered advisor.