SpiceJet Ltd (SPICEJET) — shareholding pattern, promoter holding, financials and share price
About SpiceJet Ltd (SPICEJET)
SpiceJet Ltd operates in the Airline industry, within the Services sector. It trades on the NSE as SPICEJET and on the BSE under scrip code 500285. Its ISIN is INE285B01017.
SpiceJet Ltd is principally engaged in the business of providing air transport services for the carriage of passengers and cargo. [1]
SpiceJet is an Indian low‑cost carrier providing passenger and dedicated cargo services, operating a mixed fleet of Boeing 737 family aircraft and Bombardier Q400 turboprops, with a separate cargo platform branded as SpiceXpress and subsidiaries for merchandise and technical services.
Q3FY26 showed an aggressive operational ramp: ASKM rose 56% quarter‑on‑quarter to 2,772 million, passengers jumped 77% QoQ to 1.99 million, and load factor improved to 89.5%, signalling strong demand and rapid network scaling under SpiceJet’s current strategy.
Listed peers in Airline: TCI Express Ltd, Navkar Corporation Ltd, Allcargo Global Ltd, Reliance Industrial Infrastructure Ltd, Allcargo Logistics Ltd, TAAL Tech Ltd.
Valuation & Returns
10 Jul 2026At ₹11.39 a share on 10 Jul 2026, SpiceJet Ltd (SPICEJET) was valued at a price-to-earnings ratio of -2.24x against an industry P/E of 23.33x. Solomo computes return on equity of 17.6% and return on capital employed of -24.14% from filed results. Earnings ratios use consolidated results for the twelve months Mar 2025 to Dec 2025.
- P/E
- -2.24x
- Industry P/E
- 23.33x
- EPS (TTM)
- ₹-5.08
- Book value / share
- ₹-12.73
- ROE
- 17.6%
- ROCE
- -24.14%
- ROA
- -11.76%
- Debt / equity
- -1.5x
- Dividend yield
- 0%
- EBITDA margin
- 2.39%
- 52-week range
- ₹9.53 – ₹40.85
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2025In the year ended Mar 2025, SpiceJet Ltd (SPICEJET) reported revenue of ₹5,326 crore, net profit of ₹62 crore and earnings per share of ₹0.44. That compares with revenue of ₹7,085 crore and net profit of ₹-424 crore in Mar 2024. Figures are consolidated, as filed with the exchanges.
In the quarter ended Dec 2025, revenue was ₹1,408 crore and net profit ₹-262 crore (consolidated).
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 5,171 | 6,604 | 8,874 | 7,085 | 5,326 |
| Net profit (₹ cr) | -1,030 | -1,744 | -1,513 | -424 | 62 |
| EPS (₹) | -17.14 | -28.98 | -25.14 | -5.4 | 0.44 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 0.42% | -15.63% | -6.94% | -24.83% |
| Profit growth | -20.34% | - | - | 114.62% |
| Stock price CAGR | -16% | -33% | -29% | -72% |
Ownership Summary
Mar 2026As of Mar 2026, promoters hold 24.19% of SpiceJet Ltd (SPICEJET) (down 6.8 pp QoQ), foreign institutional investors (FII) hold 1.98% and domestic institutional investors (DII) hold 2.25%. Promoters have pledged 39.8% of their holding. Market capitalisation was ₹1,738 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Jun 2001.
Largest disclosed public shareholders in Mar 2026: AUTHUM INVESTMENT AND INFRASTRUCTURE LIMITED 1.96%, SASOF II (J) AVIATION IRELAND LIMITED 1.62%, SASOF III (A6) AVIATION IRELAND DESIGNATED ACTIVIT 1.16%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Mar 2026 | 24.19% | 39.8% | 1.98% | 2.25% | 75.81% |
| Dec 2025 | 30.99% | 47.7% | 4% | 5.26% | 69.01% |
| Sep 2025 | 33.45% | 47.7% | 7.95% | 5.39% | 66.55% |
| Jun 2025 | 33.46% | 44% | 11.79% | 6.3% | 66.54% |
| Mar 2025 | 33.46% | 42.2% | 11.85% | 6.92% | 66.54% |
| Dec 2024 | 29.13% | 40.3% | 15.76% | 7.57% | 70.87% |
| Sep 2024 | 29.13% | 52.8% | 22.87% | 8.45% | 70.87% |
| Jun 2024 | 47.66% | 38.8% | 1.81% | 5.15% | 52.34% |