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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.
1984
6.5K+
LTM Revenue $654M
LTM EBITDA $73.3M
$958M
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As of September 2025, Spicejet reported last 12-month revenue of $654M and EBITDA of $73.3M.
In the same period, Spicejet achieved -$45.1M in LTM net income.
See Spicejet valuation multiples based on analyst estimatesIn the most recent fiscal year, Spicejet reported revenue of $572M and EBITDA of $103M.
Spicejet expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Spicejet valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $654M | XXX | $572M | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | -$56.4M | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | -10% | XXX | XXX | XXX |
| EBITDA | $73.3M | XXX | $103M | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 18% | XXX | XXX | XXX |
| EBIT | -$62.0M | XXX | -$100.0M | XXX | XXX | XXX |
| EBIT Margin | -9% | XXX | -17% | XXX | XXX | XXX |
| Net Profit | -$45.1M | XXX | $7.1M | XXX | XXX | XXX |
| Net Margin | -7% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $95.9M | XXX | XXX | XXX |
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Spicejet has current market cap of INR 46.7B (or $527M), and EV of INR 85.0B (or $958M).
As of October 17, 2025, Spicejet's stock price is INR 33 (or $0).
See Spicejet trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $958M | $527M | XXX | XXX | XXX | XXX | $-0.03 |
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Start Free TrialSpicejet's trades at 1.5x EV/Revenue multiple, and 10.0x EV/EBITDA.
See valuation multiples for Spicejet and 15K+ public compsAs of October 17, 2025, Spicejet has market cap of $527M and EV of $958M.
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 -11.7x.
| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $527M | XXX | $527M | XXX | XXX | XXX |
| EV (current) | $958M | XXX | $958M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 13.1x | XXX | 10.0x | XXX | XXX | XXX |
| EV/EBIT | -15.5x | XXX | -9.6x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | -11.7x | XXX | -79.7x | XXX | XXX | XXX |
| EV/FCF | -5.0x | XXX | -5.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialSpicejet's last 12 month revenue growth is 19%
Spicejet's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $7K for the same period.
Spicejet's rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Spicejet's rule of X is 60% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Spicejet and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 52% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | 35% | XXX | 35% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 60% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $7K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 8% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
| Alliance Aviation Servs | XXX | XXX | XXX | XXX | XXX | XXX |
| Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Virgin Australia Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegean Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Spicejet acquired XXX companies to date.
Last acquisition by Spicejet was XXXXXXXX, XXXXX XXXXX XXXXXX . Spicejet acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| 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 6.5K+ employees. |
| Is Spicejet publicy listed? | Yes, Spicejet is a public company listed on BOM. |
| 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? | Similar companies to Spicejet include e.g. flyExclusive, Alliance Aviation Servs, Qantas Airways, Virgin Australia Holdings. |
| What is the current market cap of Spicejet? | Spicejet's current market cap is $527M |
| What is the current revenue of Spicejet? | Spicejet's last 12 months revenue is $654M. |
| What is the current revenue growth of Spicejet? | Spicejet revenue growth (NTM/LTM) is 19%. |
| What is the current EV/Revenue multiple of Spicejet? | Current revenue multiple of Spicejet is 1.5x. |
| Is Spicejet profitable? | Yes, Spicejet is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Spicejet? | Spicejet's last 12 months EBITDA is $73.3M. |
| What is Spicejet's EBITDA margin? | Spicejet's last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of Spicejet? | Current EBITDA multiple of Spicejet is 13.1x. |
| What is the current FCF of Spicejet? | Spicejet's last 12 months FCF is -$190M. |
| What is Spicejet's FCF margin? | Spicejet's last 12 months FCF margin is -29%. |
| What is the current EV/FCF multiple of Spicejet? | Current FCF multiple of Spicejet is -5.0x. |
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