# SpiceJet share price today (SpiceJet Ltd, NSE: SPICEJET)

> SpiceJet share price today: ₹7.53 at the BSE close on 3 November 2026, down 80.0% in a year. SpiceJet (NSE: SPICEJET) is worth ₹1,149 crore, trades at a P/E of 14.5 and has closed between ₹7.49 and ₹35.48 over the past 52 weeks. > SpiceJet Ltd's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. SPICEJET · Air Transport Service · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/spicejet-ltd

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## Key numbers

- Price: ₹7.53 (−80.0% in a year)
- P/E: 14.5× (higher than 53% of the last 3.5 years)
- Revenue (Dec 2025): ₹1,408 Cr (+13.8% on a year ago)
- Profit (Dec 2025): −₹262 Cr (−1,410.0% on a year ago)
- Operating margin: −13.0% (+2.0 points on a year ago)
- ROCE: 29%, FY25

The main question: profits are rising, but only −17% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the SpiceJet share price today? SpiceJet Ltd's share price was ₹7.53 at the close on 3 November 2026. It has been falling for 94 weeks. That is 49.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹7 and ₹35, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 22 weeks running. Over the last 11 years the share price moved −88% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 19 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at SpiceJet this quarter? Three changes stood out: revenue grew again in the December 2025 quarter, foreign funds (FIIs) cut their stake for 6 quarters in a row and indian funds and insurers (DIIs) cut their stake for 6 quarters in a row. 1. Revenue grew again in the December 2025 quarter Revenue was ₹1,408 crore, +13.8% on a year earlier (₹1,237 crore), after 8 quarters of decline. 2. Foreign funds (FIIs) cut their stake for 6 quarters in a row From 22.9% to 2% of the company by the March 2026 quarter. 3. Indian funds and insurers (DIIs) cut their stake for 6 quarters in a row From 8.5% to 2.3% of the company by the March 2026 quarter. ## What are SpiceJet's latest quarterly results? For October to December 2025 (the quarter ended 31 December 2025), SpiceJet reported revenue of ₹1,408 crore, up 13.8% from ₹1,237 crore a year earlier, and a loss of ₹262 crore, down 1,410.0% from ₹20.0 crore. ### SpiceJet results: October to December 2025 against a year earlier

| Measure | October to December 2025 | October to December 2024 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,408 crore | ₹1,237 crore | +13.8% |
| Profit | loss of ₹262 crore | ₹20.0 crore | −1,410.0% |
| Earnings per share | ₹−1.71 | ₹0.16 | −1,168.7% |
| Operating margin | −13.0% | −15.0% | +2.0 points |

The next results, for January to March 2026, were due by 30 May 2026: listed companies must publish quarterly results within 60 days of the quarter's end (the January to March quarter comes with the full-year accounts). This page shows them once our weekly data update has read them. (From the company's reported quarterly results (quarter ended 31 December 2025). Revenue and profit in ₹ crore.)

## What is the SpiceJet share price history? SpiceJet closed at ₹7.53 on 3 November 2026, down 80.0% from ₹37.67 a year earlier (31 October 2025) and down 89.3% over five years. Its highest weekly close since March 2016 was ₹150.35 on 3 November 2017. ### SpiceJet share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹7.86 | −4.2% |
| 1 month ago · 1 Oct 2026 | ₹9.30 | −19.0% |
| 6 months ago · 30 Apr 2026 | ₹13.36 | −43.6% |
| 1 year ago · 31 Oct 2025 | ₹37.67 | −80.0% |
| 3 years ago · 3 Nov 2023 | ₹38.64 | −80.5% |
| 5 years ago · 4 Nov 2021 | ₹70.55 | −89.3% |
| 10 years ago · 4 Nov 2016 | ₹65.35 | −88.5% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹61.75 | −87.8% |
| Highest weekly close since March 2016 · 3 Nov 2017 | ₹150.35 | −95.0% |
| Lowest weekly close since March 2016, also the 52-week low · 30 Oct 2026 | ₹7.49 | +0.5% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹35.48 | −78.8% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on SpiceJet? 3 Nov 2026: SpiceJet closed at ₹7.53, down 4.2% on the week and down 19.0% on the month. Results for October to December 2025: Revenue up 13.8% and profit down 1,410.0% on a year earlier. ## What dividend does SpiceJet pay? SpiceJet has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. No. SpiceJet Ltd paid out 0% of its profit as dividends in each of its last 12 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is SpiceJet on? SpiceJet is on 2 of our India lists: 52 week high & low and Penny stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Penny stocks Earnings growth, 12 months (%): -100](https://www.sectoralpha.in/penny-stocks-india)

## Is SpiceJet profitable? SpiceJet Ltd posted a net loss of ₹262 Cr in the Dec 2025 quarter. Full-year FY25 profit was ₹62.0 Cr. That loss is 18.6% of the quarter's revenue. The same quarter a year earlier earned ₹20.0 Cr. 7 of the last 12 reported quarters were loss-making. Dec 2025 profit was −₹262 Cr, −1,410.0% on a year earlier. Why profit moved: revenue changed +13.8% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed −496.3% and revenue −12.4%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does SpiceJet make, and is it growing? SpiceJet Ltd reported ₹1,408 Cr of revenue in the Dec 2025 quarter, +13.8% on the same quarter a year earlier. Over 10 years it has grown 0.3% a year on average. The last full year, FY25, came in at ₹5,326 Cr. The last four reported quarters add to ₹4,786 Cr. FY25 revenue was ₹5,326 Cr, −24.8% on the year before. Recent pace: the last four quarters grew −12.4% on average, against 0.3% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −14.5%, against −20.1% a year over the last 8 quarters (accelerating). ## How much of every ₹100 of sales does SpiceJet keep? SpiceJet Ltd's operating margin was −13.0% in the Dec 2025 quarter, 2.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between −14.0% and 11.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +2.3 percentage points on the year while gross margin changed −1.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is SpiceJet's profit turning into cash? Over the last 3 years SpiceJet Ltd's operations used more cash than they brought in, so cash conversion was −17%, a gap worth watching. In FY25 its operations used ₹1,689 Cr of cash, against ₹62.0 Cr of profit. After ₹188 Cr of spending on assets, free cash was −₹1,877 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −17% of profit came in as cash: the cash cycle stayed about the same between FY20 and FY25, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: it has been selling more assets than it buys. The next section shows those figures. ## Where does SpiceJet's cash go? SpiceJet Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 8 days in FY25, down from 9 days in FY20. Over the last 3 years it sold more assets than it bought, by ₹1,033 Cr. At FY25 sales of ₹5,326 Cr, each day of that cycle ties up about ₹14.6 Cr, so roughly ₹117 Cr is tied up in the business at any time. Over the last 3 years, money from selling assets was ₹1,033 Cr more than it spent on new ones. Work still in progress is ₹10.0 Cr (FY25). In short: assets are being sold, not built, so this cash is not going into new capacity. ## What is SpiceJet's P/E ratio, and how does it compare with its own history? SpiceJet Ltd's P/E is 14.5×, in the middle of its own history: higher than 53% of past readings. Its usual P/E (the middle reading) is 14.3×, over 3.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Where the price move came from: over 3 years the price moved −42.0% a year; about +6.1% a year came from earnings growth and about −48.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the SpiceJet business getting better or worse? SpiceJet Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 9 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does SpiceJet earn on its capital? SpiceJet Ltd earned a ROCE of 29% in FY25. That is up from a low of −270% in FY20. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 1.2% net margin and 0.81× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 1.2% net margin × 0.81× asset turnover × −3.39× leverage (assets divided by equity) ≈ −3.3% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. ## Does SpiceJet have too much debt? SpiceJet Ltd's net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Its operating profit is −2 times its interest bill. Over 5 years borrowings went from ₹1,097 Cr to ₹4,219 Cr. Over the last 3 of those years it sold more assets than it bought, by ₹1,033 Cr. FY25: borrowings of ₹4,219 Cr against equity of −₹1,943 Cr. Net worth is negative: the company owes more than it owns, so the balance sheet is under water. Part of the spending on assets is being paid for with borrowed money. ## What is the SpiceJet shareholding pattern? Promoters cut their stake in SpiceJet Ltd by 24.1 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 24.2% of the company. Domestic institutions moved −3.0 points over the same period, to 2.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −24.1 points over 8 quarters, to 24.2%; Domestic institutions: −3.0 points over 8 quarters, to 2.3%; Foreign institutions: +0.3 points over 8 quarters, to 2.0%. Why the owners changed: promoters drove it (−24.1 points), together with domestic institutions (−3.0 points). They reduced their stake. ## How far is SpiceJet from balance-sheet trouble? For SpiceJet Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does SpiceJet rank in its industry? 47.3 out of 100, rank 3 of 3 in Air Transport Service, with 42% of the evidence available. It is provisional, so it is ranked below companies with full evidence. SpiceJet Ltd scores 47.3 out of 100 against the 3 companies it is compared with in Air Transport Service, ranking 3. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 16.2 + 13.9 + 9.7 + 7.5 = 47.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is SpiceJet compared with? SpiceJet ranks 3 of 3 Air Transport Service companies on the 4-Factor Sector Score, with 47.3 out of 100. 1. [Afcom Holdings Ltd](https://www.sectoralpha.in/stocks/afcom-holdings-ltd) losing its lead · Too little evidence to rank firmly · 58% evidence 72.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 100% · Profit 100% · Operating margin change 0 points · 83% evidence Capital efficiency 21.5/25 · ROCE 28% · Operating margin 40% · 95% evidence Valuation 10.0/20 · P/E 25× · PEG n/a · 0% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 24.8% · 1 year 52.2% · 25% evidence · 10 of 12 weeks ahead Exact sum: 28.6 + 21.5 + 10 + 12.5 = 72.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 2. [Interglobe Aviation Ltd](https://www.sectoralpha.in/stocks/interglobe-aviation-ltd) INDIGO · turning · Too little evidence to rank firmly · 56% evidence 40.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 12.7% · Profit -80% · Operating margin change 4.9 points · 74% evidence Capital efficiency 1.6/25 · ROCE 5.2% · Operating margin 8% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 12.4/20 · Lead over its industry n/a · Lead over NIFTY 500 4.7% · 1 year -13.3% · 25% evidence · 5 of 12 weeks ahead Exact sum: 16.6 + 1.6 + 10 + 12.4 = 40.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. SpiceJet Ltd this page SPICEJET · quiet · Too little evidence to rank firmly · 42% evidence 47.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue -14.5% · Profit -80% · Operating margin change 2 points · 45% evidence Capital efficiency 13.9/25 · ROCE 29.4% · Operating margin -13% · 57% evidence Valuation 9.7/20 · P/E n/a · PEG n/a · 35% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -52.3% · 1 year -80.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 13.9 + 9.7 + 7.5 = 47.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Air Transport Service](https://www.sectoralpha.in/sectors/air-transport-service), all 3 compared on one page. ## Which companies are close to SpiceJet in size? SpiceJet is the 3rd largest of 3 Air Transport Service companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Interglobe Aviation and Afcom Holdings. It is the smallest. ### Air Transport Service companies close in size

1. [Interglobe Aviation Ltd](https://www.sectoralpha.in/stocks/interglobe-aviation-ltd) ₹1,88,600 crore
2. [Afcom Holdings Ltd](https://www.sectoralpha.in/stocks/afcom-holdings-ltd) ₹3,664 crore
3. SpiceJet Ltd ₹1,143 crore

[All 3 Air Transport Service companies, largest first](https://www.sectoralpha.in/sectors/air-transport-service#all-companies)

### Companies close in size in other industries

1. [Emkay Tools Ltd](https://www.sectoralpha.in/stocks/emkay-tools-ltd) ₹1,152 crore · Machine Tools - Others
2. [Genesys International Corporation Ltd](https://www.sectoralpha.in/stocks/genesys-international-corporation-ltd) ₹1,144 crore · Geospatial
3. SpiceJet Ltd ₹1,143 crore
4. [Shri Venkatesh Refineries Ltd](https://www.sectoralpha.in/stocks/shri-venkatesh-refineries-ltd) ₹1,140 crore · Solvent Extraction
5. [A.K.Capital Services Ltd](https://www.sectoralpha.in/stocks/akcapital-services-ltd) ₹1,139 crore · NBFC - Others

## What else do people ask about SpiceJet? ### What is SpiceJet's share price today? SpiceJet Ltd's share price is ₹7.53, −80.0% over the past year. The whole company is worth ₹1,149 Cr on the market. It is at its lowest price of the past 52 weeks (range ₹7 to ₹35), 49.7% below its 200-day average. The price has been falling for 94 weeks (as of 3 November 2026). ### What were SpiceJet's latest quarterly results? SpiceJet Ltd reported revenue of ₹1,408 Cr and a net loss of ₹262 Cr for the Dec 2025 quarter. Revenue rose 13.8% and profit fell 1,410.0% compared with a year earlier. Earnings per share were −₹1.71. The operating margin was −13.0%, 2.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is SpiceJet's market cap? SpiceJet Ltd's market capitalisation is ₹1,149 Cr at a share price of ₹7.53. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is SpiceJet performing? SpiceJet Ltd's share price has been falling for 94 weeks. In its latest quarter, revenue rose 13.8% and profit fell 1,410.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 22 weeks running (as of 3 November 2026). ### Will SpiceJet's share price go up? This page does not forecast SpiceJet Ltd's share price. What it shows instead: the share price is ₹7.53, and it has been falling for 94 weeks. Its P/E of 14.5× is higher than 53% of its own last 4 years (as of 3 November 2026). ### Who owns SpiceJet? Promoters own 24.2% of SpiceJet Ltd, foreign institutions 2.0%, domestic institutions 2.3% and the public 71.6% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 24.1 percentage points over 8 quarters (as of 3 November 2026). ### What is SpiceJet's capex? SpiceJet Ltd sold more long-term assets (plants, machines and the like) than it bought over the last 3 years, by ₹1,033 Cr, worked out from the change in fixed assets plus depreciation. Depreciation over the same years was ₹2,421 Cr (as of 3 November 2026). ### Where is SpiceJet in its business cycle? SpiceJet Ltd's FY25 operating margin was −8.0%, against a 12-year range of −14.0% to 11.0%: the low end of its own range, which is often where recoveries start. The latest quarter was −13.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the SpiceJet story? The main question: profits are rising, but only −17% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is SpiceJet a stock worth studying right now? What the numbers show: SpiceJet Ltd's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Penny stocks: https://www.sectoralpha.in/penny-stocks-india

This is research, not advice. We’re not SEBI-registered.