SpiceJet Ltd
Fortune 500 2024
+ 11 More
+ 11 More
Share
Share
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)
Fortune India Coverage
Read More
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 467 | 509 | 487 | 483 | 547 | 134 | 93 | 66 | 126 | 165 | 139 | 117 | 54 | 11 | 11 | 16 |
| Cash & Bank Balance (INR Cr) | 215 | 36 | 63 | 36 | 42 | 80 | 147 | 68 | 106 | 24 | 5 | 217 | 236 | 14 | 451 | 308 |
| Total Debt (INR Cr) | 5379 | 7349 | 8332 | 9518 | 1097 | 1110 | 1303 | 1155 | 1230 | 1477 | 1709 | 1802 | 1009 | 85 | 438 | 489 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |