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SpiceJet Ltd Share Price (500285)

₹67.253.22%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of SpiceJet Ltd

Key events for SpiceJet Ltd

  • SpiceJet Flight Delayed for Over 8 Hours - 13 Apr, 2024

    Passengers aboard SpiceJet's Pune-Dubai flight SG 51 faced an eight-hour delay due to a technical glitch, causing frustration and disruption of travel plans. Some passengers opted to reroute their journey via Mumbai or cancel altogether.

  • SpiceJet's Pune-Dubai Flight Faces 9-Hour Delay - 12 Apr, 2024

    SpiceJet's critical route from Pune to Dubai is serviced by just one flight, which faced a 9-hour delay. Sudhir Mehta criticized the repeated complaints of delays and poor service.

  • SpiceJet Expected to Post Adjusted Profit in Q4FY24 - 10 Apr, 2024

    As per an Elara Capital report, SpiceJet is expected to post an adjusted PAT of ₹2.8 billion in Q4FY24 compared to a loss of ₹477 million in Q4FY23. However, passenger volume may dip 18% YoY and 4% QoQ due to a decrease in fleet size.

  • SpiceJet Faces Grounding Risk as New Competitor Emerges - 09 Apr, 2024

    Sirius India Airlines, a new private charter carrier launched by former SpiceJet COO Arun Kashyap, poses competition for the struggling airline. Additionally, a CAPA Indias report predicts that SpiceJet may face grounding risk with around 200 grounded aircrafts by the end of FY2024.

  • SpiceJet Resumes Flights to Sikkim, Introduces New Routes - 05 Apr, 2024

    SpiceJet has resumed flight operations to Pakyong airport in Sikkim from both Kolkata and Delhi. The low-cost carrier also introduced non-stop flights between Hyderabad and Ayodhya to expand its network.

  • SpiceJet Resumes Flight Operations to Two Destinations - 04 Apr, 2024

    SpiceJet has resumed flight operations to Pakyong airport in Sikkim from Kolkata and Delhi, and launched non-stop flights from Hyderabad to Ayodhya. The move is expected to cater to a large number of tourists visiting these destinations during peak travel periods.

  • SpiceJet Acquires Q400 Aircraft, Settles Liabilities with Key Lessors - 02 Apr, 2024

    SpiceJet has acquired full ownership of six Q400 aircraft from Nordic Aviation Capital (NAC) as part of a settlement agreement, leading to long-term savings. The airline also settled major liabilities with Export Development Canada (EDC), Cross Ocean Partners, AerCap, and Echelon Ireland Madison One Ltd, resulting in substantial savings of Rs 1,252 crore. Additionally, SpiceJet launched a new direct air route from Hyderabad to Ayodhya.

  • SpiceJet Faces Contempt Proceedings Over Arbitration Award Non-Compliance - 28 Mar, 2024

    Former promoter Kalanithi Maran and KAL Airways have sought fresh contempt proceedings against SpiceJet and its chairman Ajay Singh for failing to comply with previous court rulings related to an arbitral award. The case pertains to the execution of an arbitral award of ₹579 crore, plus interest, that Maran won in 2018. Senior advocate Maninder Singh representing Maran told the court that SpiceJet still owes ₹347 crore.

  • SpiceJet Signs Agreement to Settle Liabilities Worth Rs 755 Crore - 27 Mar, 2024

    SpiceJet has signed an agreement with aircraft lessor Export Development Canada to settle liabilities worth Rs 755 crore, allowing the airline to take ownership of 13 of the 15 Bombardier Q400 aircraft financed by EDC. The stock jumped 4% on the news.

  • SpiceJet Settles Liabilities Worth Rs 755 Crore - 26 Mar, 2024

    SpiceJet has settled its liabilities worth Rs 755 crore with Export Development Canada, generating a saving of Rs 567 crore. The airline will acquire full ownership of 13 EDC-financed Q400 aircraft, which will assist SpiceJet in launching flights on numerous regional and UDAN routes.

  • SpiceJet Faces Legal Battles Over Debt Repayment - 22 Mar, 2024

    SpiceJet continues to face legal battles over debt repayment, including a $24 million payment dispute with Credit Suisse. The airline is also struggling to add aircraft to its fleet following the collapse of Go First Airlines, while increasing competition for pilots and rising aircraft lease fares are major roadblocks. Wilmington Trust SP Services has appealed to overturn NCLT's order dismissing its insolvency petition filed against SpiceJet.

  • SpiceJet's Weekly Flight Operations Decline by 26% - 21 Mar, 2024

    SpiceJet has seen a decline of 26.03% in weekly flight operations YoY, operating 1,657 flights every week as opposed to 2,240 flights last year.

  • SpiceJet Faces Insolvency Appeal as Go First Bidder Raises Offer - 20 Mar, 2024

    SpiceJet faces an insolvency appeal filed by Wilmington Trust over unpaid dues while a bidding consortium for Go First has raised its offer by ₹1-1.5 billion following lender prompts. Meanwhile, SpiceJet will resume direct flights from Sikkim's Pakyong Airport to Delhi and Kolkata.

  • SpiceJet Faces Penalty; Ajay Singh Raises Bid for Go First - 19 Mar, 2024

    SpiceJet faces a penalty of Rs 15,000 for withholding refunds despite government guidelines. Meanwhile, Ajay Singh's consortium raised its bid for bankrupt airline Go First by Rs 100-150 crore after a nudge from lenders.

  • Aircraft Lessor Withdraws Insolvency Plea Against SpiceJet - 18 Mar, 2024

    Alterna Aircraft BV Limited has withdrawn its insolvency plea against SpiceJet at the National Company Law Tribunal. The lessor plans to fight the same at an appropriate forum. Three aircraft lessors filed four insolvency pleas against SpiceJet in 2023 for non-payment of dues, and a tech services provider has also moved an insolvency plea against SpiceJet.

  • SpiceJet Purchases Electoral Bonds Worth Rs. 65 Lakh - 16 Mar, 2024

    According to data released by the Election Commission of India, SpiceJet has purchased electoral bonds worth Rs. 65 lakh. The total value of bonds purchased by Indian airlines is Rs. 56.65 crore.

  • SpiceJet Leases Two Planes for Haj Operations; Market Share Falls - 15 Mar, 2024

    SpiceJet is set to bolster its fleet with two leased A340 planes for the upcoming Haj season, aiming to replicate last year's success of generating substantial revenues of Rs 337 crore. However, the airline's market share has fallen to 5.2% in February from a peak of 10.7% in Feb 2022.

Analyst Rating for SpiceJet Ltd stock

based on 2 analysts

HOLD
0.00%
Buy
100.00%
Hold
0.00%
Sell

Based on 2 analysts offering long term price targets for SpiceJet Ltd. An average target of ₹47

Source: S&P Global Market Intelligence

SpiceJet Ltd share Performance

  • ₹66.87
    ₹69.5
    ₹67.25
    downward going graph

    0.57%

    Downside

    Day's Volatility:3.91%

    Upside

    3.35%

    downward going graph
  • ₹22.65
    ₹77.5
    ₹67.25
    downward going graph

    66.32%

    Downside

    52 Weeks Volatility:81.56%

    Upside

    15.24%

    downward going graph
1 Month Return33.51 %
3 Month Return4.41 %
1 Year Return110.42 %
Previous Close₹69.49
Open₹69.30
Volume26.87L
Upper Circuit-
Lower Circuit-
Market Cap₹2,472.40Cr

SpiceJet Ltd Company Information

SpiceJet Ltd is an Indian low-cost airline headquartered in Gurgaon, Haryana.

SpiceJet operates over 500 daily flights to 65 destinations, including 50 Indian cities, and 15 international destinations. The airline offers a wide range of services including passenger and cargo services, charter services, and ground handling services. It also provides a wide range of products such as air tickets, online check-in, web check-in, and mobile check-in.

The airline's popular products and services include SpiceMax, SpiceStyle, SpiceBiz, SpiceAssured, SpiceSafe, SpiceValue, SpiceClub, and SpiceConnect. Its popular brands include SpiceJet, SpiceJet Plus, SpiceJet Connect, and SpiceJet Cargo.

Share Price: ₹67.25 per share as on 12 Apr, 2024 04:01 PM
Market Capitalisation: ₹2,472.40Cr as of today
Revenue: ₹1,347.52Cr as on September 2023 (Q3 23)
Net Profit: ₹-449.43Cr as on September 2023 (Q3 23)
Listing date: 10 May, 1995
Chairperson Name: Ajay Singh
OrganisationSpiceJet Ltd
HeadquartersGurgaon
IndustryAir Transport Service
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Fundamentals of SpiceJet Ltd

Insights on SpiceJet Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.87% to 6.22% in Feb 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, SPICEJET stock has moved up by 33.5%

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, SPICEJET has outperformed top 5 stocks with highest market-cap in Airlines

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Mega Corporation Ltd has given 236.3% return, outperforming this stock by 237.7%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 47.87% to 45.10% in Feb 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 51.11% to 48.49% in Feb 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 4 quarters, 2.82K Cr → 1.72K Cr (in ₹), with an average decrease of 14.9% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 197.65 Cr → -448.99 Cr (in ₹), with an average decrease of 327.2% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 0.01% to 0.00% in Feb 2024 quarter

SpiceJet Ltd Valuation

SpiceJet Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-145.50x)

January 1, 2020

Industry (-34.82x)

April 12, 2024

Today (-30.99x)

April 12, 2024

Highest (504.66x)

August 19, 2019

LowHigh

SpiceJet Ltd Shareholding Pattern

InvestorsHoldings %Prev. 2 periods3M change
Promoter Holdings
48.49%
-5.14
Foreign Institutions
6.22%
616.46
Mutual Funds
0%
-6.00
Retail Investors
45.1%
-5.79
Others
0.19%
36.91

Technicals of SpiceJet Ltd share

News & Events of SpiceJet Ltd

News

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12 Apr, 2024 05:42 PM

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13 Apr, 2024 09:31 PM

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SpiceJet Ltd (500285) share price today is ₹67.25

SpiceJet Ltd is not listed on NSE

SpiceJet Ltd is listed on BSE

  • Today’s highest price of SpiceJet Ltd is ₹69.5.
  • Today’s lowest price of SpiceJet Ltd is ₹66.87.

PE Ratio of SpiceJet Ltd is -30.99

PE ratio = SpiceJet Ltd Market price per share / SpiceJet Ltd Earnings per share

Today’s traded volume of SpiceJet Ltd(500285) is 26.87L.

Today’s market capitalisation of SpiceJet Ltd(500285) is ₹2472.4Cr.

SpiceJet Ltd(500285Price
52 Week High
₹77.5
52 Week Low
₹22.65

SpiceJet Ltd(500285) share price is ₹67.25. It is down -13.23% from its 52 Week High price of ₹77.5

SpiceJet Ltd(500285) share price is ₹67.25. It is up 196.91% from its 52 Week Low price of ₹22.65

SpiceJet Ltd(500285Returns
1 Day Returns
-2.24%
1 Month Returns
33.51%
3 Month Returns
4.41%
1 Year Returns
110.42%