SpiceJet Ltd

SpiceJet Ltd

Fortune 500 2024
+ 11 More
+ 11 More
OVERVIEW
FINANCIALS
NEWS

About

SpiceJet, established in 2005, is a budget airline based in India. It operates a fleet of more than 100 planes, including Boeing 737s and Q400s. Based in Gurgaon, the company was acquired by Indian entrepreneur Ajay Singh in 2004 and renamed to SpiceJet. The airline services 63 destinations, which include 53 domestic and 10 international routes. Annually, SpiceJet transports over 20 million passengers and runs roughly 250 flights each day. Its primary hubs are located in Delhi, Hyderabad, and Bangalore. Additionally, the airline has a cargo division named SpiceXpress that offers logistics solutions. In 2019, SpiceJet took over 30 aircraft that were grounded by Jet Airways.

Incorporation Year: 1984
Headquarters: Gurgaon, Haryana, India
Top Management: Ajay Singh
Industry: Aviation
Website: www.spicejet.com

Featured In Fortune India Ranking

Fortune 500 India
#279(2024)
#106(2020)
#165(2019)
#183(2018)
#202(2017)
#227(2016)
#215(2015)
#184(2014)
#189(2013)
#230(2012)
#264(2011)
#275(2010)
#279(2024)#106(2020)#165(2019)#183(2018)#202(2017)#227(2016)#215(2015)#184(2014)#189(2013)#230(2012)#264(2011)#275(2010)
Ranking Trend Fortune 500 India

Financial Data 2024

Revenue
8,527
(INR Cr)
Net Operating Income
7,085
(INR Cr)
Assets
359
(INR Cr)
Profit
-423
(INR Cr)
Net Worth
-5,217
(INR Cr)

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Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
8527
-13.9%
9904
29.9%
7624
27.0%
6002
-54.6%
13205
42.7%
9253
17.2%
7895
24.3%
6353
17.5%
5406
0.1%
5402
-16.1%
6437
10.9%
5805
44.4%
4019
35.6%
2964
32.2%
2242
23.6%
1814
-
Net Operating Income
(INR Cr)
7085
-20.15%
8874
34.38%
6604
27.69%
5171
-58.21%
12375
35.66%
9121
17.54%
7760
25.34%
6191
21.68%
5088
0.00%
5243
-16.83%
6304
12.56%
5601
42.03%
3943
37.06%
2877
31.91%
2181
29.10%
1689
30.46%
Profit
(INR Cr)
-423
-
-1513
-
-1744
-
-1030
-
-937
-
-302
-
557
30.4%
427
-5.0%
450
-
-687
-
-1003
-
-191
-
-606
-
101
64.6%
61
-
-353
-
Assets
(INR Cr)
359
-82.0%
2001
-56.8%
4629
-37.7%
7433
6.8%
6958
303.0%
1726
9.7%
1573
74.9%
900
69.8%
530
-12.0%
602
-30.8%
870
-49.2%
1712
79.3%
955
121.5%
431
357.8%
94
58.7%
59
-
Net Worth
(INR Cr)
-5217
10.8%
-5850
-34.8%
-4340
-66.7%
-2604
-64.8%
-1580
-351.6%
-350
-525.8%
-56
90.9%
-613
41.0%
-1039
0.0%
-1086
9.2%
-994
343.1%
-224
52.5%
-147
-145.9%
321
-193.3%
-344
-19.9%
-429
-1634.9%
Employee Cost
(INR Cr)
821
-6.7%
880
19.7%
735
7.3%
685
-53.2%
1464
38.3%
1058
22.8%
862
27.9%
674
36.8%
492
-8.4%
537
-6.6%
576
9.3%
527
30.8%
403
65.2%
244
34.5%
181
17.2%
155
-
Interest Cost
(INR Cr)
467509487483547134936612616513911754111116
Cash & Bank Balance
(INR Cr)
21536633642801476810624521723614451308
Total Debt
(INR Cr)
537973498332951810971110130311551230147717091802100985438489

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues ------7.1%6.7%8.3%----3.4%2.7%-
Profit As % Of Assets ------35.4%47.5%84.9%----23.5%65.2%-
Profit As % Of Networth -------------31.5%--
Interest Cost to EBITDA % ---257.9%106.2%-12.4%12.2%28.8%----19.1%44.1%-
Debt to Equity Ratio -------------0.26--
RONW -------------11.9%--
ROCE 0.0%0.0%0.0%0.0%0.0%0.0%20.6%15.7%16.4%0.0%0.0%0.0%0.0%12.0%16.2%0.0%