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Spicejet Overview
About Spicejet
Spicejet Ltd is an India based airline company. It offers both domestic as well as international air travel services. The operating segments of the company are Airline Transport and Freighter and Logistics Services. Its primary revenue source is derived from passenger air travel with ancillary sources comprising Spice max, insurance, preferred seating, Spice vacations, lounge, visa, cab, cargo and onboard merchandise. In addition, it also offers charter services.
Founded
1984
HQ
Employees
6.5K
Website
Sectors
Financials (LTM)
EV
$584M
Spicejet Financials
Spicejet reported last 12-month revenue of $557M and negative EBITDA of ($4M).
In the same LTM period, Spicejet generated ($4M) in EBITDA losses and had net loss of ($149M).
Revenue (LTM)
Spicejet P&L
In the most recent fiscal year, Spicejet reported revenue of $675M and EBITDA of $98M.
Spicejet expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $557M | XXX | $675M | XXX | XXX | XXX |
| Gross Profit | — | XXX | ($54M) | XXX | XXX | XXX |
| Gross Margin | — | XXX | (8%) | XXX | XXX | XXX |
| EBITDA | ($4M) | XXX | $98M | XXX | XXX | XXX |
| EBITDA Margin | (1%) | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | (29%) | XXX | (11%) | XXX | XXX | XXX |
| Net Profit | ($149M) | XXX | $7M | XXX | XXX | XXX |
| Net Margin | (27%) | XXX | 1% | XXX | XXX | XXX |
| Net Debt | — | — | $92M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Spicejet Stock Performance
Spicejet has current market cap of $228M, and enterprise value of $584M.
Market Cap Evolution
Spicejet's stock price is $0.15.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $584M | $228M | 0.0% | XXX | XXX | XXX | $0.00 |
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Start Free TrialSpicejet Valuation Multiples
Spicejet trades at 1.0x EV/Revenue multiple, and (143.3x) EV/EBITDA.
EV / Revenue (LTM)
Spicejet Financial Valuation Multiples
As of April 20, 2026, Spicejet has market cap of $228M and EV of $584M.
Equity research analysts estimate Spicejet's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Spicejet has a P/E ratio of (1.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $228M | XXX | $228M | XXX | XXX | XXX |
| EV (current) | $584M | XXX | $584M | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | (143.3x) | XXX | 5.9x | XXX | XXX | XXX |
| EV/EBIT | (3.7x) | XXX | (7.6x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | (10.8x) | XXX | XXX | XXX |
| P/E | (1.5x) | XXX | 33.6x | XXX | XXX | XXX |
| EV/FCF | (17.7x) | XXX | (3.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Spicejet Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Spicejet Margins & Growth Rates
Spicejet's revenue in the last 12 month grew by 37%.
Spicejet's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Spicejet's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Spicejet's rule of X is 77% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Spicejet Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 37% | XXX | (19%) | XXX | XXX | XXX |
| EBITDA Margin | (1%) | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | (1552%) | XXX | (108%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 77% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 6% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Spicejet Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Spicejet | XXX | XXX | XXX | XXX | XXX | XXX |
| Jin Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Enter Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Air Busan | XXX | XXX | XXX | XXX | XXX | XXX |
| Jeju Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Kenya Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Spicejet M&A Activity
Spicejet acquired XXX companies to date.
Last acquisition by Spicejet was on XXXXXXXX, XXXXX. Spicejet acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Spicejet
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSpicejet Investment Activity
Spicejet invested in XXX companies to date.
Spicejet made its latest investment on XXXXXXXX, XXXXX. Spicejet invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Spicejet
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Spicejet
| When was Spicejet founded? | Spicejet was founded in 1984. |
| Where is Spicejet headquartered? | Spicejet is headquartered in India. |
| How many employees does Spicejet have? | As of today, Spicejet has over 6K employees. |
| Is Spicejet publicly listed? | Yes, Spicejet is a public company listed on Bombay Stock Exchange. |
| What is the stock symbol of Spicejet? | Spicejet trades under 500285 ticker. |
| When did Spicejet go public? | Spicejet went public in 2000. |
| Who are competitors of Spicejet? | Spicejet main competitors are Jin Air, Enter Air, Air Busan, Jeju Air. |
| What is the current market cap of Spicejet? | Spicejet's current market cap is $228M. |
| What is the current revenue of Spicejet? | Spicejet's last 12 months revenue is $557M. |
| What is the current revenue growth of Spicejet? | Spicejet revenue growth (NTM/LTM) is 37%. |
| What is the current EV/Revenue multiple of Spicejet? | Current revenue multiple of Spicejet is 1.0x. |
| Is Spicejet profitable? | No, Spicejet is not profitable. |
| What is the current EBITDA of Spicejet? | Spicejet has negative EBITDA and is not profitable. |
| What is Spicejet's EBITDA margin? | Spicejet's last 12 months EBITDA margin is (1%). |
| What is the current EV/EBITDA multiple of Spicejet? | Current EBITDA multiple of Spicejet is (143.3x). |
| What is the current FCF of Spicejet? | Spicejet's last 12 months FCF is ($33M). |
| What is Spicejet's FCF margin? | Spicejet's last 12 months FCF margin is (6%). |
| What is the current EV/FCF multiple of Spicejet? | Current FCF multiple of Spicejet is (17.7x). |
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