SpiceJet Key Ratios
NSE: SPICEJET | BSE: 500285
₹10.62
As on 28-Aug-2026IST
Market cap
₹1,621 Cr
Revenue (TTM)
₹4,786 Cr
P/E Ratio
--
P/B Ratio
-0.5
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 77.72 | 13.84 | -14.50 | -17.74 | -4.89 |
| EBIT | 46.42 | 2.66 | 8.41 | 13.45 | 6.63 |
| Net Profit | 61.11 | -1,282.09 | -396.67 | 17.47 | 8.81 |
| EPS | 61.03 | -1,173.79 | -2,702.87 | 22.51 | 12.45 |
| Book Value | -- | -- | 78.96 | 21.57 | 7.68 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-25 | Mar-24 |
| EBIT-Margin
| -21.01 | -25.23 | -26.91 | -20.15 | -19.48 |
| Net Margin
| -6.37 | -11.75 | -13.99 | 0.92 | -4.97 |
| Return on equity
| 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Return on Capital
| 177.81 | 0.00 | -- | 0.00 | 0.00 |
| Return on Assets
| -6.27 | -9.53 | -10.82 | 0.95 | -5.95 |
| Debt to Equity (x)
| -- | -- | -0.20 | -0.43 | -0.21 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
1.48
|
--
|
--
|
ROE
--
--
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
26.80
|
--
|
--
|
--
|
--
|
ROA
-10.82
Lower than Peers by 10.56
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
-10.82
|
0.95
|
-5.95
|
-17.47
|
-16.69
|
|
Peer Median
|
-0.26
|
0.14
|
-1.40
|
-8.15
|
--
|
EBIT Margin
-26.91
Lower than Peers by 34.90
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
-26.91
|
-20.15
|
-19.48
|
-22.62
|
-33.19
|
|
Peer Median
|
8.00
|
11.61
|
-8.47
|
-7.09
|
--
|
Net Margin
-13.99
Lower than Peers by 13.58
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
-13.99
|
0.92
|
-4.97
|
-15.29
|
-22.86
|
|
Peer Median
|
-0.40
|
11.47
|
-2.13
|
-12.09
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
--
|
13.27
|
4.65
|
-5.52
|
-6.83
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-14.50
Lower than Peers by 27.37
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
-14.50
|
-24.83
|
-20.15
|
34.38
|
27.69
|
|
Peer Median
|
12.86
|
7.85
|
19.85
|
34.55
|
--
|
EBIT Growth
8.41
Higher than Peers by 5.98
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
8.41
|
22.22
|
31.24
|
8.44
|
-37.93
|
|
Peer Median
|
2.44
|
22.25
|
23.50
|
17.15
|
--
|
Net Profit Growth
-396.67
Lower than Peers by 405.36
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
-396.67
|
114.62
|
71.99
|
13.26
|
-69.37
|
|
Peer Median
|
8.69
|
31.30
|
53.95
|
0.18
|
--
|
EPS Growth
-2,702.87
Lower than Peers by 2,719.50
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
-2,702.87
|
108.23
|
78.53
|
13.27
|
-69.10
|
|
Peer Median
|
16.63
|
31.30
|
89.50
|
3.31
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
--
|
62.04
|
6.74
|
-34.81
|
-66.31
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
-0.20
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
-0.20
|
-0.43
|
-0.21
|
-0.20
|
-0.25
|
|
Peer Median
|
--
|
0.00
|
-0.10
|
-0.12
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
--
|
0.00
|
--
|
-0.01
|
-0.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.39
Lower than Peers by 0.78
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
0.39
|
0.41
|
0.28
|
0.21
|
0.25
|
|
Peer Median
|
1.16
|
1.16
|
0.80
|
0.68
|
--
|
Quick Ratio
0.36
Lower than Peers by 0.78
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
0.36
|
0.38
|
0.26
|
0.20
|
0.23
|
|
Peer Median
|
1.14
|
0.57
|
0.80
|
0.63
|
--
|
Interest Coverage
-2.43
Lower than Peers by 3.39
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
-2.43
|
1.20
|
0.12
|
-1.86
|
-2.47
|
|
Peer Median
|
0.95
|
1.07
|
0.51
|
-0.50
|
--
|
Operating Efficiency
Debtors to sales
18.79
Higher than Peers by 1.41
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
18.79
|
2.33
|
2.23
|
1.80
|
3.84
|
|
Peer Median
|
17.38
|
17.00
|
10.83
|
11.29
|
--
|
Asset Turnover
0.67
Lower than Peers by 0.03
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
0.67
|
0.82
|
0.99
|
1.02
|
0.63
|
|
Peer Median
|
0.69
|
0.82
|
0.79
|
0.68
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
--
|
9.67
|
8.19
|
8.50
|
15.87
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
--
|
11.99
|
8.62
|
6.45
|
8.79
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
--
|
--
|
--
|
--
|
8,350.62
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
--
|
21.66
|
16.81
|
14.95
|
-8,325.95
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
-2.04
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
-2.04
|
99.84
|
--
|
--
|
--
|
|
Peer Median
|
--
|
88.29
|
352.61
|
--
|
--
|
Price / Book Value
-0.53
Lower than Peers by 5.71
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
-0.53
|
-3.02
|
-0.86
|
-0.31
|
-0.75
|
|
Peer Median
|
5.18
|
7.41
|
12.51
|
1.63
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
17.18
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
17.18
|
6.80
|
6.95
|
75.53
|
33.36
|
|
Peer Median
|
--
|
19.71
|
-3.86
|
-4.16
|
--
|
Market Cap
1,621
Higher than Peers by 250
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
SpiceJet
|
1,621
|
6,267
|
4,701
|
1,824
|
3,271
|
|
Peer Median
|
1,371
|
998
|
770
|
642
|
--
|