Fortune India 500 2025 edition
Rank#361- Total income
- ₹6,767 Cr
- Profit
- ₹63 Cr
Last year #279
Market Cap
₹1,172 Cr
SPICEJET · BSE
Share Price
₹7.68
-0.65% today
Revenue
₹5,326 Cr
FY 2024-25 · -24.8% YoY
EBITDA
−₹439 Cr
Margin -8.2%
Net Profit
₹62.55 Cr
FY 2024-25 · +114.9% YoY
ROE
18.4%
ROCE 6.8%
Authorised capital
₹2,000 Cr
Registered with MCA
Paid-up capital
₹1,526.1 Cr
Issued & subscribed
About Spicejet Limited
Data last updated:
Spicejet Limited is a public limited company based in New Delhi, Delhi, India. It operates in the air transport services segment of the transport and logistics sector. It was incorporated on 09 February 1984 and has been in existence for over 42 years.
Spicejet is ranked #361 on the Fortune India 500 (2025). Its director Ajay Singh is #1,482 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L51909DL1984PLC288239. Its GSTIN is 07AACCR1459F1ZI (Delhi). The company holds 36 GST registrations, of which 34 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500285.
The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹1,526.1 Cr. It was formerly known as Genius Leasing Finance and Investment Company Limited and Royal Airways Limited. It is led by directors including Ajay Singh (Managing Director) and Ajay Chhotelal Aggarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 505, 5th Floor Caddie Commercial Tower Aerocity (Dial), New Delhi, Delhi, India – 110037.
As per the latest consolidated financials for FY 2024-25, the company reported a revenue of ₹5,325.69 Cr, a decline of 24.8% compared to the previous year. For the same year it recorded a net profit of ₹62.55 Cr (net margin 1.2%) and EBITDA of -₹439.13 Cr (EBITDA margin -8.2%). Total assets are valued at ₹2,385.33 Cr (up 563.9% YoY).
The company has about 426 employees on its provident fund (EPFO) records. Its group structure includes 9 subsidiaries.
As per MCA filings, the company has open charges of ₹2,861.64 Cr and satisfied charges of ₹2,213.3 Cr on record. Court records list 358 cases involving the company, including 179 filed by the company and 179 filed against it; 159 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spicejet.com.
Company details
CIN L51909DL1984PLC288239
Registration Number 288239
Incorporation Date 09 February 1984
ROC Delhi
Listing Status Listed - Listed on BSE (500285)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Spicejet has undergone 3 name changes throughout its history. The company was previously known as Genius Leasing Finance And Investment Company Limited, Royal Airways Limited, and Genius Leasing Finance And Investments Company Limited. The current legal name is Spicejet Limited.
| Company Name | Status |
|---|---|
| Spicejet Limited | Current |
| Genius Leasing Finance And Investment Company Limited | Previous |
| Royal Airways Limited | Previous |
| Genius Leasing Finance And Investments Company Limited | Previous |
CIN history
Spicejet has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L51909DL1984PLC288239, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51909DL1984PLC288239 | Current |
| L51909DL1984PLC017509 | Previous |
| L51909TN1984PLC082330 | Previous |
Recognitions & Rankings of Spicejet
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,482 Ajay Singh ₹1,400 Cr
Contact details
Spicejet Limited's registered office is in New Delhi, Delhi. Its website is spicejet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address505, 5th Floor Caddie Commercial Tower Aerocity (Dial), New Delhi, Delhi, India – 110037
- IndustryTransport and Logistics, Air Transport Services
To see the full contact details of Spicejet Limited, buy the company report.
Comprehensive company report
Spicejet Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included
Business activity
The main business activity of Spicejet is transport and storage. In detail, this covers air transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport |
To see the full business activity and turnover split of Spicejet Limited, buy the company report.
Financials of Spicejet Limited
FY 2024-25 filings availableSpicejet Limited reported revenue of ₹5,325.69 Cr (down 24.8% YoY) for FY 2024-25.
Financial Highlights
FY 2024-25 · ConsolidatedRevenue
₹5,326 Cr
-24.8% YoY
EBITDA
−₹439 Cr
+31.6% YoY
Profit After Tax
₹62.55 Cr
+114.9% YoY
Net Worth
−₹1,942 Cr
+62.8% YoY
Total Assets
₹2,385 Cr
+563.9% YoY
Total Debt
₹4,219 Cr
-21.6% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,326 | 7,085 | 8,874 | 6,604 | 5,171 | 12,375 | 9,121 |
| Revenue growth | -24.8% | -20.2% | +34.4% | +27.7% | -58.2% | +35.7% | - |
| EBITDA | (439) | (642) | (1,005) | (991) | 187 | 515 | (57.17) |
| EBITDA margin | -8.3% | -9.1% | -11.3% | -15.0% | +3.6% | +4.2% | -0.6% |
| Profit before tax | 61.93 | (424) | (1,513) | (1,744) | (1,030) | (937) | (302) |
| Net profit | 62.55 | (419) | (1,513) | (1,666) | (1,030) | (919) | (242) |
| Net profit margin | +1.2% | -5.9% | -17.1% | -25.2% | -19.9% | -7.4% | -2.7% |
| EPS (₹) | 0.44 | (5.40) | (25.14) | (28.98) | (17.14) | (15.61) | (5.04) |
| Balance sheet | |||||||
| Total assets | 2,385 | 359 | 2,001 | 4,629 | 7,433 | 6,958 | 1,726 |
| Net worth | (1,942) | (5,217) | (5,850) | (4,340) | (2,604) | (1,580) | (350) |
| Total debt | 4,219 | 5,379 | 7,349 | 8,332 | 9,518 | 1,097 | 1,110 |
| Cash & bank | 260 | 215 | 35.52 | 62.68 | 35.52 | 41.83 | 79.71 |
| Net working capital | (1,614) | (3,603) | (3,629) | (2,760) | (1,333) | (3,689) | (1,697) |
| Cash flow | |||||||
| Cash from operations | (1,689) | (596) | 82.23 | 1,004 | 228 | - | 456 |
| Cash from investing | (643) | 35.03 | 550 | (148) | 212 | - | (145) |
| Cash from financing | 2,168 | 730 | (610) | (878) | (437) | - | (364) |
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,408 | 792 | 1,120 | 1,466 | 1,237 | 915 | 1,708 | 1,738 |
| Revenue growth (YoY) | +13.8% | -13.4% | -34.4% | -15.7% | -35.4% | - | - | - |
| Other income | 137 | 42.89 | 80.83 | 492 | 417 | 163 | 370 | 636 |
| EBITDA | (201) | (435) | (81.89) | 73.03 | (188) | (376) | 48.87 | (235) |
| EBITDA margin | -14.9% | -59.6% | -7.7% | +5.2% | -15.9% | -44.0% | +3.0% | -14.1% |
| Depreciation | 146 | 175 | 170 | 166 | 148 | 158 | 172 | 173 |
| Interest | 51.70 | 53.64 | 63.15 | 57.41 | 60.74 | 88.41 | 87.91 | 102 |
| Profit before tax | (262) | (621) | (234) | 342 | 20.28 | (458) | 158 | 127 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (262) | (621) | (234) | 342 | 20.28 | (458) | 158 | 127 |
| EPS (₹) | (1.78) | (4.40) | (1.66) | 2.63 | 0.15 | (5.41) | 1.82 | 1.51 |
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,284 | 7,050 | 8,869 | 6,557 | 5,133 | 12,359 | 9,113 |
| Revenue growth | -25.1% | -20.5% | +35.3% | +27.7% | -58.5% | +35.6% | - |
| EBITDA | (466) | (646) | (1,023) | (1,001) | 175 | 497 | (71.05) |
| EBITDA margin | -8.8% | -9.2% | -11.5% | -15.3% | +3.4% | +4.0% | -0.8% |
| Profit before tax | 58.07 | (409) | (1,503) | (1,725) | (998) | (935) | (316) |
| Net profit | 59.01 | (406) | (1,504) | (1,647) | (998) | (918) | (256) |
| Net profit margin | +1.1% | -5.8% | -17.0% | -25.1% | -19.5% | -7.4% | -2.8% |
| EPS (₹) | 0.41 | (5.23) | (24.97) | (28.67) | (16.61) | (15.58) | (5.27) |
| Balance sheet | |||||||
| Total assets | 5,005 | 2,985 | 4,619 | 4,676 | 4,377 | 6,954 | 1,726 |
| Net worth | 683 | (2,586) | (3,232) | (4,288) | (2,572) | (1,579) | (351) |
| Total debt | 4,214 | 5,376 | 7,348 | 8,330 | 1,068 | 1,097 | 1,110 |
| Cash & bank | 237 | 198 | 33.61 | 60.30 | 32.03 | 40.18 | 77.90 |
| Net working capital | (1,520) | (3,499) | (3,543) | (2,724) | (4,421) | (3,691) | (1,708) |
| Cash flow | |||||||
| Cash from operations | (1,665) | (613) | 92.98 | 978 | 226 | 1,778 | 456 |
| Cash from investing | (674) | 35.81 | 561 | (122) | 210 | (156) | (146) |
| Cash from financing | 2,170 | 732 | (632) | (876) | (435) | (1,659) | (364) |
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,384 | 781 | 1,106 | 1,446 | 1,231 | 911 | 1,696 | 1,719 |
| Revenue growth (YoY) | +12.5% | -14.3% | -34.8% | -15.9% | -35.3% | - | - | - |
| Other income | 138 | 46.37 | 84.50 | 495 | 420 | 166 | 372 | 635 |
| Total expenses | 1,597 | 1,235 | 1,196 | 1,394 | 1,419 | 1,276 | 1,661 | 1,964 |
| EBITDA | (213) | (454) | (89.56) | 52.57 | (188) | (365) | 34.97 | (245) |
| EBITDA margin | -16.3% | -64.1% | -8.7% | +3.9% | -16.5% | -44.6% | +2.2% | -15.6% |
| Depreciation | 144 | 173 | 168 | 166 | 146 | 155 | 170 | 170 |
| Interest | 51.01 | 52.99 | 62.40 | 56.48 | 60.16 | 87.32 | 86.85 | 100 |
| Profit before tax | (269) | (634) | (235) | 325 | 24.96 | (442) | 150 | 119 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,408 | 792 | 1,120 | 1,466 | 1,237 | 915 | 1,708 | 1,738 |
| Revenue growth (YoY) | +13.8% | -13.4% | -34.4% | -15.7% | -35.4% | - | - | - |
| Other income | 137 | 42.89 | 80.83 | 492 | 417 | 163 | 370 | 636 |
| EBITDA | (201) | (435) | (81.89) | 73.03 | (188) | (376) | 48.87 | (235) |
| EBITDA margin | -14.9% | -59.6% | -7.7% | +5.2% | -15.9% | -44.0% | +3.0% | -14.1% |
| Depreciation | 146 | 175 | 170 | 166 | 148 | 158 | 172 | 173 |
| Interest | 51.70 | 53.64 | 63.15 | 57.41 | 60.74 | 88.41 | 87.91 | 102 |
| Profit before tax | (262) | (621) | (234) | 342 | 20.28 | (458) | 158 | 127 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (262) | (621) | (234) | 342 | 20.28 | (458) | 158 | 127 |
| EPS (₹) | (1.78) | (4.40) | (1.66) | 2.63 | 0.15 | (5.41) | 1.82 | 1.51 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,326 | 7,085 | 8,874 | 6,604 | 5,171 | 12,375 | 9,121 |
| Revenue growth | -24.8% | -20.2% | +34.4% | +27.7% | -58.2% | +35.7% | - |
| Other income | 1,443 | 1,439 | 1,023 | 1,027 | 827 | 831 | 145 |
| Total expenses | 5,765 | 7,728 | 9,878 | 7,595 | 4,984 | 11,860 | 9,179 |
| Employee cost | 659 | 821 | 880 | 735 | 685 | 1,464 | 1,058 |
| EBITDA | (439) | (642) | (1,005) | (991) | 187 | 515 | (57.17) |
| EBITDA margin | -8.3% | -9.1% | -11.3% | -15.0% | +3.6% | +4.2% | -0.6% |
| Depreciation | 645 | 753 | 1,023 | 1,293 | 1,561 | 1,735 | 256 |
| Interest | 297 | 467 | 509 | 487 | 483 | 546 | 134 |
| Profit before tax | 61.93 | (424) | (1,513) | (1,744) | (1,030) | (937) | (302) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 |
| Net profit | 62.55 | (419) | (1,513) | (1,666) | (1,030) | (919) | (242) |
| Net profit margin | +1.2% | -5.9% | -17.1% | -25.2% | -19.9% | -7.4% | -2.7% |
| EPS (₹) | 0.44 | (5.40) | (25.14) | (28.98) | (17.14) | (15.61) | (5.04) |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 1,413 | 783 | 602 | 602 | 601 | 600 | 600 |
| Reserves & surplus | (3,483) | (6,240) | (6,452) | (4,942) | (3,205) | (2,180) | (950) |
| Shareholders' funds (net worth) | (1,942) | (5,217) | (5,850) | (4,340) | (2,604) | (1,580) | (350) |
| Minority interest | (2.02) | (1.24) | (0.33) | (0.19) | 0.00 | 0.00 | 0.00 |
| Secured loans | 889 | 1,152 | 1,186 | 1,079 | 1,068 | 464 | 418 |
| Unsecured loans | 3,329 | 4,227 | 6,163 | 7,253 | 8,450 | 632 | 692 |
| Total debt | 4,219 | 5,379 | 7,349 | 8,332 | 9,518 | 1,097 | 1,110 |
| Total liabilities | 2,385 | 359 | 2,001 | 4,629 | 7,433 | 6,958 | 1,726 |
| Assets | |||||||
| Gross block | 7,262 | 7,219 | 9,087 | 10,182 | 10,632 | 11,242 | 2,485 |
| Net block | 2,111 | 2,571 | 4,006 | 5,569 | 7,033 | 8,714 | 1,626 |
| Capital work in progress | 9.61 | 7.24 | 20.41 | 6.34 | 5.84 | 0.00 | 0.00 |
| Investments | 134 | 0.52 | 0.48 | 0.45 | 0.48 | 0.44 | 0.39 |
| Inventories | 178 | 172 | 163 | 151 | 167 | 182 | 141 |
| Sundry debtors | 124 | 158 | 160 | 253 | 321 | 294 | 147 |
| Cash & bank balances | 260 | 215 | 35.52 | 62.68 | 35.52 | 41.83 | 79.71 |
| Loans & advances | 2,033 | 1,965 | 1,782 | 1,699 | 2,062 | 1,696 | 1,013 |
| Total current assets | 2,595 | 2,510 | 2,141 | 2,166 | 2,586 | 2,213 | 1,381 |
| Total current liabilities | 4,209 | 6,113 | 5,770 | 4,926 | 3,919 | 5,903 | 3,078 |
| Net working capital | (1,614) | (3,603) | (3,629) | (2,760) | (1,333) | (3,689) | (1,697) |
| Total assets | 2,385 | 359 | 2,001 | 4,629 | 7,433 | 6,958 | 1,726 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Opening cash | 203 | 33.70 | 11.30 | 33.09 | 29.81 | - | 120 |
| Net cash from operating activities | (1,689) | (596) | 82.23 | 1,004 | 228 | - | 456 |
| Net cash from investing activities | (643) | 35.03 | 550 | (148) | 212 | - | (145) |
| Net cash from financing activities | 2,168 | 730 | (610) | (878) | (437) | - | (364) |
| Net change in cash | (164) | 169 | 22.41 | (21.80) | 3.28 | - | (53.19) |
| Closing cash | 260 | 215 | 35.52 | 62.68 | 35.52 | - | 79.71 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -24.8% | -20.2% | +34.4% | +27.7% | -58.2% | +35.7% | - |
| EBITDA growth | +31.6% | +36.1% | -1.4% | -629.4% | -63.6% | +1000.4% | - |
| PBT growth | +9998.0% | +72.0% | +13.3% | -69.4% | -10.0% | -209.7% | - |
| Net income growth | +114.9% | +72.3% | +9.2% | -61.8% | -12.0% | -279.6% | - |
| Revenue CAGR (3Y) | -6.9% | +11.1% | -10.5% | -10.2% | -12.7% | +26.0% | +21.5% |
| EBITDA CAGR (3Y) | -23.8% | - | - | +158.8% | -37.1% | -1.7% | - |
| Profitability & leverage | |||||||
| Net income margin | +1.2% | -6.0% | -17.1% | -26.4% | -19.9% | -7.6% | -3.3% |
| Return on capital employed | +6.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +18.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -27.37 | -33.47 | -25.09 | -21.31 | -35.14 | -44.77 | -42.63 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.74 | 0.87 | 0.92 | 0.63 | 0.47 | 1.80 | 3.89 |
| Inventory turnover | 30.45 | 42.32 | 56.57 | 41.51 | 29.65 | 76.64 | 64.42 |
| Debtors turnover | 37.74 | 44.57 | 42.97 | 22.99 | 16.82 | 56.13 | 78.29 |
| EPS (₹) | 0.44 | (5.40) | (25.14) | (28.98) | (17.14) | (15.61) | (5.04) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (14.64) | (69.65) | (97.21) | (72.12) | (43.34) | (26.34) | (5.84) |
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,384 | 781 | 1,106 | 1,446 | 1,231 | 911 | 1,696 | 1,719 |
| Revenue growth (YoY) | +12.5% | -14.3% | -34.8% | -15.9% | -35.3% | - | - | - |
| Other income | 138 | 46.37 | 84.50 | 495 | 420 | 166 | 372 | 635 |
| Total expenses | 1,597 | 1,235 | 1,196 | 1,394 | 1,419 | 1,276 | 1,661 | 1,964 |
| EBITDA | (213) | (454) | (89.56) | 52.57 | (188) | (365) | 34.97 | (245) |
| EBITDA margin | -16.3% | -64.1% | -8.7% | +3.9% | -16.5% | -44.6% | +2.2% | -15.6% |
| Depreciation | 144 | 173 | 168 | 166 | 146 | 155 | 170 | 170 |
| Interest | 51.01 | 52.99 | 62.40 | 56.48 | 60.16 | 87.32 | 86.85 | 100 |
| Profit before tax | (269) | (634) | (235) | 325 | 24.96 | (442) | 150 | 119 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,284 | 7,050 | 8,869 | 6,557 | 5,133 | 12,359 | 9,113 |
| Revenue growth | -25.1% | -20.5% | +35.3% | +27.7% | -58.5% | +35.6% | - |
| Other income | 1,452 | 1,447 | 1,046 | 1,051 | 987 | 848 | 145 |
| Total expenses | 5,750 | 7,696 | 9,892 | 7,558 | 4,958 | 11,861 | 9,184 |
| Employee cost | 618 | 771 | 844 | 709 | 676 | 1,464 | 1,057 |
| EBITDA | (466) | (646) | (1,023) | (1,001) | 175 | 497 | (71.05) |
| EBITDA margin | -8.8% | -9.2% | -11.5% | -15.3% | +3.4% | +4.0% | -0.8% |
| Depreciation | 638 | 748 | 1,019 | 1,290 | 1,558 | 1,734 | 256 |
| Interest | 291 | 462 | 507 | 486 | 603 | 546 | 134 |
| Profit before tax | 58.07 | (409) | (1,503) | (1,725) | (998) | (935) | (316) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 59.01 | (406) | (1,504) | (1,647) | (998) | (918) | (256) |
| Net profit margin | +1.1% | -5.8% | -17.0% | -25.1% | -19.5% | -7.4% | -2.8% |
| EPS (₹) | 0.41 | (5.23) | (24.97) | (28.67) | (16.61) | (15.58) | (5.27) |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 1,413 | 783 | 602 | 602 | 601 | 600 | 600 |
| Reserves & surplus | (858) | (3,608) | (3,833) | (4,890) | (3,172) | (2,179) | (950) |
| Shareholders' funds (net worth) | 683 | (2,586) | (3,232) | (4,288) | (2,572) | (1,579) | (351) |
| Secured loans | 886 | 1,152 | 1,185 | 1,079 | 454 | 464 | 418 |
| Unsecured loans | 3,328 | 4,224 | 6,163 | 7,251 | 613 | 632 | 692 |
| Total debt | 4,214 | 5,376 | 7,348 | 8,330 | 1,068 | 1,097 | 1,110 |
| Total liabilities | 5,005 | 2,985 | 4,619 | 4,676 | 4,377 | 6,954 | 1,726 |
| Assets | |||||||
| Gross block | 7,200 | 7,155 | 9,030 | 10,145 | 10,595 | 11,208 | 2,463 |
| Net block | 2,084 | 2,536 | 3,973 | 5,540 | 7,000 | 8,681 | 1,604 |
| Capital work in progress | 9.61 | 5.36 | 6.03 | 6.03 | 5.84 | 0.00 | 0.00 |
| Investments | 152 | 18.99 | 3.22 | 2.54 | 2.57 | 0.51 | 0.42 |
| Inventories | 173 | 166 | 156 | 145 | 156 | 178 | 137 |
| Sundry debtors | 203 | 192 | 154 | 250 | 346 | 292 | 147 |
| Cash & bank balances | 237 | 198 | 33.61 | 60.30 | 32.03 | 40.18 | 77.90 |
| Loans & advances | 1,976 | 1,917 | 1,774 | 1,665 | 2,044 | 1,717 | 1,011 |
| Total current assets | 2,590 | 2,472 | 2,118 | 2,120 | 2,578 | 2,226 | 1,374 |
| Total current liabilities | 4,111 | 5,971 | 5,661 | 4,844 | 6,999 | 5,917 | 3,081 |
| Net working capital | (1,520) | (3,499) | (3,543) | (2,724) | (4,421) | (3,691) | (1,708) |
| Total assets | 5,005 | 2,985 | 4,619 | 4,676 | 4,377 | 6,954 | 1,726 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Opening cash | 187 | 32.34 | 9.58 | 29.60 | 28.16 | 64.95 | 119 |
| Net cash from operating activities | (1,665) | (613) | 92.98 | 978 | 226 | 1,778 | 456 |
| Net cash from investing activities | (674) | 35.81 | 561 | (122) | 210 | (156) | (146) |
| Net cash from financing activities | 2,170 | 732 | (632) | (876) | (435) | (1,659) | (364) |
| Net change in cash | (170) | 154 | 22.76 | (20.02) | 1.45 | (36.79) | (53.72) |
| Closing cash | 237 | 198 | 33.61 | 60.30 | 32.03 | 40.18 | 77.90 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -25.1% | -20.5% | +35.3% | +27.7% | -58.5% | +35.6% | - |
| EBITDA growth | +28.0% | +36.8% | -2.2% | -670.6% | -64.7% | +800.2% | - |
| PBT growth | +9998.0% | +72.8% | +12.9% | -72.8% | -6.8% | -195.7% | - |
| Net income growth | +114.5% | +73.0% | +8.7% | -65.0% | -8.8% | -258.6% | - |
| Revenue CAGR (3Y) | -6.9% | +11.2% | -10.5% | -10.4% | -12.9% | +25.9% | +21.4% |
| EBITDA CAGR (3Y) | -22.5% | - | - | +141.5% | -38.6% | -3.0% | - |
| Profitability & leverage | |||||||
| Net income margin | +1.1% | -5.8% | -17.0% | -26.3% | -19.5% | -7.6% | -3.5% |
| Return on capital employed | +4.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +2.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -26.36 | -33.16 | -24.81 | -21.23 | -43.62 | -44.15 | -40.82 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.74 | 0.87 | 0.93 | 0.63 | 0.47 | 1.81 | 3.91 |
| Inventory turnover | 31.16 | 43.79 | 58.85 | 43.58 | 30.79 | 78.49 | 69.65 |
| Debtors turnover | 26.74 | 40.77 | 43.90 | 21.98 | 16.09 | 56.32 | 78.43 |
| EPS (₹) | 0.41 | (5.23) | (24.97) | (28.67) | (16.61) | (15.58) | (5.27) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 3.93 | (36.06) | (53.69) | (71.26) | (42.79) | (26.32) | (5.85) |
To see the full year-wise statements and ratios of Spicejet Limited, buy the company report.
Board of directors of Spicejet Limited
Spicejet has 6 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Singh Also directs: Spice Shuttle Private Limited, Spicexpress and Logistics Private Limited, A and A Resort Wear LLP and 5 more | Managing Director | 21 May 2015 | 11 Years 5 Months | Current |
| Ajay Chhotelal Aggarwal Also directs: Smart Ensemble LLP, Viridis Chemicals Private Limited, A3m Direct Brand Purchase Private Limited and 3 more | Director | 11 Feb 2019 | 7 Years 8 Months | Current |
| Manoj Kumar Also directs: DCM Shriram Industries Limited, Amrit Corp. Limited, Spicexpress and Logistics Private Limited and 4 more | Director | 28 May 2019 | 7 Years 5 Months | Current |
| Anurag Bhargava Also directs: Newel Buildestate LLP | Director | 07 Sep 2016 | 10 Years 2 Months | Current |
| Shiwani Singh Also directs: Spicejet Merchandise Private Limited, Spicexpress and Logistics Private Limited, A and A Resort Wear LLP and 5 more | Director | 21 May 2015 | 11 Years 5 Months | Current |
| Sonum Gayatri | Director | 14 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Spicejet Limited is compared with the 5 companies closest to it by revenue in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jet Airways (India) Limited | ₹25,177 Cr (FY 2018) | 4.0% | Mumbai, Maharashtra, India | |||
| Aix Connect Private Limited | ₹5,476.4 Cr (FY 2024) | 26.0% | Gurugram, Haryana, India | |||
| Spicejet Limitedthis company | ₹5,325.69 Cr (FY 2025) | ₹62.55 Cr | 1.2% | -24.8% | 426 | New Delhi, Delhi, India |
| SNV Aviation Private Limited | ₹4,635.68 Cr (FY 2025) | 47.0% | Mumbai, Maharashtra, India | |||
| Go Airlines (India) Limited | ₹4,351.68 Cr (FY 2022) | 87.0% | Delhi, India | |||
| Jet Lite (India) Limited | ₹1,318.03 Cr (FY 2018) | 6.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Spicejet Limited, buy the company report.
Auditor
Spicejet Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 24.20%, foreign institutional investors hold 2.00%, domestic institutional investors hold 2.20% and retail and other public shareholders hold 71.60%.
Mar 2026
QUARTER
24.20% Promoters
2.20% DII (Domestic Institutional)
2.00% FII (Foreign Institutional)
71.60% Retail & Others
Promoter holding - history
Now 24.20% · Mar 2026High 33.50% · Jun 2025Low 24.20% · Mar 2026
Shareholding trend - last 6 quarters
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 24.20% | 31.00% | 33.40% | 33.50% |
| Public | 75.80% | 69.00% | 66.60% | 66.50% |
Charges & borrowings
Open charges
₹2,861.64 Cr
Satisfied charges
₹2,213.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jun 2026 | 101315643 | Indian Bank | ₹151 Cr | Open | |
| 14 May 2024 | 100916462 | Yes Bank Limited | ₹5 Cr | Open | |
| 04 Apr 2023 | 100696258 | Yes Bank Limited | ₹585.4 Cr | Open | |
| 15 Dec 2022 | 100670025 | Axis Bank Limited | ₹25 Lakh | Open | |
| 03 Oct 2022 | 100616655 | Indian Bank | ₹205.8 Cr | Open |
To see the full charge records of Spicejet Limited, buy the company report.
Total charge records: 29 View all charges
Legal cases
Spicejet Limited has 358 court cases on record: 179 filed by Spicejet, 179 filed against it. 159 cases are pending and 199 are disposed.
Total cases
358
Filed by the company
179
Filed against the company
179
Pending
159
Disposed
199
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 238 | 107 | 138 |
| High courts | 77 | 45 | 16 |
| Supreme Court | 21 | 10 | 4 |
| NCLT | 14 | 13 | 0 |
| NCLAT | 8 | 4 | 1 |
Cases on record (5 of 358)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2901-Labour and Industrial Laws : Appointment, retrenchment, termination, dismissal, removal, disciplinary proceedings against labour/workmen) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (4201-SEBI Act and Securities Laws including Forward Contract Regulation Act, 1952 and Securities Contracts (Regulation) Act, 1956 : SEBI Act and Securities Laws including Forward Contract Regulation Act, 1952 and Securities Contracts (Regulation) Act, 1956) | Filed against the company by Elara India Opportunities Fund Limited | Disposed |
| Supreme Court | Court case (2401-Indirect Taxation : Customs Act, Customs Tariff Act, Export, Import and Anti-Dumping duty) | Filed against the company by Commissioner of Customs (General), New Delhi | Pending |
| Supreme Court | Court case (0304-Arbitration Law and Other Alternative Dispute Resolution : Challenge to arbitral award, matters relating to execution under Section 36, under Section 34/Section 37 of the Arbitration & Conciliation Act, 1996 and challenges to arbitral award under Arbitration Act, 1940) | Filed by the company against M/S. Travel2agent and 3 others | Disposed |
| Supreme Court | Court case (2402-Indirect Taxation : Central Excise Act, Central Excise Tariff Act) | Filed against the company by Commissioner, CGST and Central Excise | Disposed |
To see the full case history of Spicejet Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Spicejet Limited was last rated by Acuite on 29 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Acuite | 29 Jul 2026 |
To see the full credit ratings and regulatory alerts of Spicejet Limited, buy the company report.
MSME payment delays
Spicejet Limited has 30 MSME Form 1 returns on record between 2017 and 2024, listing 3,776 overdue payments to 256 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 256)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| U P Hotels Limited | |||
| Hotel Clarks Amer | |||
| Shree Sai Rent-A-Car Private Limited | |||
| an individual supplier | |||
| Dynamic Pest & Rodent Control |
To see the full MSME payment records of Spicejet Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Spicejet has 9 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
9
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Spicejet Merchandise Private Limited | U52520DL2016PTC303136 | |
| Spice Shuttle Private Limited | U62100DL2019PTC356667 | |
| Spicexpress and Logistics Private Limited | U63030DL2019PTC359462 | |
| Spice Ground Handling Services Private Limited | U63030DL2020PTC371395 | |
| Canvin Real Estate Private Limited | U70109DL2017PTC326068 | |
| Spicejet Interactive Private Limited | U72900DL2019PTC349253 |
To see the full group structure of Spicejet Limited, buy the company report.
Employees & EPFO
Spicejet Limited has a workforce of 426 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
Employee count
426
Active EPFO establishments
2
Employee growth
-96.91%
GST
Spicejet has 36 GST registrations: 34 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
36
Active
34
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCR1459F1ZI | Delhi | Active | 01 Jul 2017 |
| 02AACCR1459F1ZS | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AACCR1459F1ZQ | Punjab | Active | 01 Jul 2017 |
| 04AACCR1459F1ZO | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spicejet Limited, buy the company report.
Recent activity
Spicejet Limited has 57 board changes on record since 2000: 32 appointments and 25 cessations. The latest: Sonum Gayatri was appointed as Director on 14 Sep 2024.
Charges
A charge with Indian Bank amounted to Rs. 151.00 Cr with Charge ID 101315643 was registered on 09 Jun 2026.
Charges
A charge registered on 23 Jul 2021 via Charge ID 100472600 with Others was fully satisfied on 12 Mar 2026.
Charges
A charge registered on 11 Oct 2019 via Charge ID 100295982 with Others was fully satisfied on 12 Mar 2026.
Charges
A charge registered on 11 Oct 2019 via Charge ID 100295986 with Others was fully satisfied on 12 Mar 2026.
AGM
Spicejet Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 24 Aug 2011 via Charge ID 10312651 with Export Development Canada was fully satisfied on 11 Sep 2025.
Filing
Spicejet Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Appointed
Sonum Gayatri was appointed as Director.
Ceased
Ashish Kumar ceased to be CFO.
Charges
A charge with Yes Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100916462 was registered on 14 May 2024.
Charges
A charge with Yes Bank Limited amounted to Rs. 585.40 Cr with Charge ID 100696258 was registered on 04 Apr 2023.
Charges
A charge with Indian Bank of Rs. 212.66 Cr registered on 03 Sep 2022 with Charge ID 100606808 was modified on 27 Mar 2023.
103 earlier events are in the company report.
News
Frequently asked questions
Spicejet is an active public limited company based in New Delhi, Delhi, India. The company works in air transport services, within the transport and logistics industry. It was incorporated on 09 February 1984 (42+ years old) and is registered under CIN L51909DL1984PLC288239. Listed on BSE: 500285.
Spicejet reported revenue of ₹5,325.69 Cr for FY 2024-25 (down 24.8% YoY) based on consolidated financials.
Spicejet has 6 current directors:
- Ajay Singh - Managing Director
- Ajay Chhotelal Aggarwal - Director
- Manoj Kumar - Director
- Anurag Bhargava - Director
- Shiwani Singh - Director
- Sonum Gayatri - Director
The latest financial statements of Spicejet on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spicejet is 07AACCR1459F1ZI, registered in Delhi. The company has 36 GST registrations in all, of which 34 are active and 2 are cancelled or inactive. Other active GSTINs include 02AACCR1459F1ZS (Himachal Pradesh), 03AACCR1459F1ZQ (Punjab), 04AACCR1459F1ZO (Chandigarh).
The CIN (Corporate Identification Number) of Spicejet is L51909DL1984PLC288239. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Spicejet is a listed company as per MCA records. Its shares are listed on BSE (code: 500285).
Spicejet has 358 court cases on record: 179 filed by the company and 179 filed against it. 159 are pending. Most are in the district courts.
Spicejet was incorporated on 09 February 1984, making it 42+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Spicejet by revenue are Jet Airways (India) Limited, Aix Connect Private Limited, SNV Aviation Private Limited, Go Airlines (India) Limited, Jet Lite (India) Limited, all in the Aviation industry (Air Passenger Services), with the same principal business activity (air transport).
Sonum Gayatri was appointed as Director on 14 Sep 2024. Ashish Kumar ceased to be CFO on 15 Jul 2024. Ashish Kumar was appointed as CFO on 09 Sep 2022. Spicejet has 57 board changes on record in total.
Spicejet has 30 MSME Form 1 returns on record between 2017 and 2024, listing 3,776 overdue payments to 256 micro and small suppliers. The latest return was filed on 29 Apr 2024.
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