SpiceJet Limited
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from SpiceJet Limited's yearly results (2022–2025), compared with Industrials companies in India. Tap ? on any ratio for what it means.
What stands out
- Cash Locked Ratio: Money owed to suppliers is larger than money owed by customers plus stock: ₹51 per ₹100 of sales comes from others' credit, against ₹42 from others' credit three years earlier. Less money tied up than almost all Industrials companies in India.
- Shareholder Slice Ratio: Share count rose 135% in 3 years, so each share's slice of the company became smaller. Bigger rise in share count than 98% of Industrials companies in India.
- Debt Due Cover Ratio: Operating cash was negative last year, while some debt falls due within a year. Lower than 98% of Industrials companies in India.
Where ₹100 of sales goes
Latest year (Mar 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
—Loss-making or profit too small
Over the last 3 years profit was a loss or under 2% of sales, so cash per 100 of profit is not meaningful.
Self-Funding Ratio
-13.4×Over the last 3 years operating cash was negative while the company kept spending on investment (capex).
Lower than 97% of Industrials companies in India.
Cash Locked Ratio
−₹51Money owed to suppliers is larger than money owed by customers plus stock: ₹51 per ₹100 of sales comes from others' credit, against ₹42 from others' credit three years earlier.
Less money tied up than almost all Industrials companies in India.
Growth quality
Steadiness Ratio
1/3 · 3/3Sales grew in 1 of the last 3 years; profit grew in 3 of 3.
Less steady than 60% of Industrials companies in India.
Growth Efficiency Ratio
—Sales fell 21%
Sales fell 21% in 3 years, so extra profit per extra sales cannot be measured.
Asset Productivity Ratio
-21% / -31%In 3 years sales changed by -21% while total assets changed by -31%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
-8.2×Operating cash was negative last year, while some debt falls due within a year.
Lower than 98% of Industrials companies in India.
Cash Cushion Ratio
3.1× debtDebt, after subtracting cash, is 3.1 times its market value (net debt).
Lower than 98% of Industrials companies in India.
Tangible Assets Ratio
100%Of every ₹100 the company owns, ₹100 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than 60% of Industrials companies in India.
Tangible Net Worth Ratio
—Data incomplete
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (12)
SpiceJet Limited made a loss over the last year. SpiceJet Limited owes ₹1.48 for every ₹1 it owns. SpiceJet Limited returned to profit in the year to Mar 2025, after a loss the year before.
Compared with Industrials companies in India · latest annual results Mar 2025.
P/E ratio
LossSpiceJet Limited made a loss over the last year, so its P/E ratio is not meaningful.
P/B ratio
-0.43SpiceJet Limited's book value is negative (it owes more than it owns), so P/B is not meaningful.
Market cap
₹1,247 CrThe total market value of all of SpiceJet Limited's shares at today's price (share price × number of shares), smaller than 63% of Industrials companies in India. PosiCap size class: Mini Cap.
Net worth (book value)
NegativeSpiceJet Limited's net worth is negative (₹2,800 Cr below zero, balance sheet 30 Sep 2025): it owes more than it owns, so book value per share and P/B are not meaningful.
Owes vs Owns
1.48×SpiceJet Limited owes ₹1.48 for every ₹1 it owns, so it owes more than it owns, higher than almost all Industrials companies in India.
Dividend yield
NoneSpiceJet Limited does not currently pay a dividend.
Revenue growth
-25%Revenue fell 25% in the year to Mar 2025, and shrank 7% a year on average over 3 years.
Profit growth
Back to profitSpiceJet Limited returned to profit in the year to Mar 2025, after a loss the year before.
Profit margin
1.2%SpiceJet Limited keeps ₹1 of every ₹100 of revenue as net profit.
Cash quality
-26.9×Cash from SpiceJet Limited's business was -26.9× its reported profit in the year to Mar 2025 — the business used cash even though it reported a profit.
Interest cover
Not coveredSpiceJet Limited's operating profit did not cover its interest costs in the year to Mar 2025.
Cash vs debt
Net debtSpiceJet Limited had ₹3,824 Cr more debt than cash (net debt) at Mar 2025.
Questions
How much does SpiceJet Limited owe compared with what it owns?
SpiceJet Limited owes ₹1.48 for every ₹1 it owns, so it owes more than it owns, higher than almost all Industrials companies in India.
Does SpiceJet Limited pay a dividend?
No. SpiceJet Limited does not currently pay a dividend.
Is SpiceJet Limited's revenue growing?
Revenue fell 25% in the year to Mar 2025, and shrank 7% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.