Spicejet Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

SpiceJet, or SpiceJet, is an Indian operator of low-cost airlines. It gives travelers’ transportation via air and ocean freight conveyance administrations. It provides daily service to a number of locations in India and abroad. Its extra administrations contain flight appointments, internet checking, and so on. Other than restricted risk protection for neighborhood travels, the firm offers limited flight vouchers and refunds on web shopping and ticket reservation results to its clients. SpiceJet Ltd. is a dedicated provider of air delivery services whose primary focus is on transporting passengers and cargo.

Spicejet Share Price Target 2024-2030

The Spicejet ltd is one of the recently recorded organizations on the stock trades, the exhibition of the organization is very great and an improvement is being found in the presentation of the organization as the years as well as the days are being passed on. A company will soon establish a stable position on stock exchanges if the pattern of its performance can be seen to improve in this manner. The company has been making a lot of money over the years, but the majority of these profits come from how well it does in its core markets.

Business Profile

The  SpiceJet is a minimal expense carrier that chiefly works in India and it for sure runs the biggest number of UDAN trips of all India carriers or organizations. It does this while overseeing around 250 everyday departures from 48 objections in the nation and others abroad. In its armada there are Boeing 737 maxs, Boeing 700s, and Q400s.

Market Share

The business is fifth spot in public carriers having around 5.5% of homegrown piece of the pie for calender year 2023 while having 10.5% in calender year 2021 losing ground on other organizations’ consequently lost position three position result being 5 position rather this was because of roughly 40 % of the armada which remained at 54 Airplanes’ being grounded.

Spicejet Share Price Target Today Update

• The company’s shares are currently trading at 60.01INR on the market; this is just a temporary share price that changes and can be changed in the future.
• The share price of the organization has expanded by 0.60 percent when contrasted with the past shutting cost on stock trades.
• The company’s share prices range from 59.75 INR to 62.00 INR according to current market prices.
• The company has received a share price return of 92.48 percent over the past year, compared to a negative return of 13.86 percent over the past three years.
• The share price return got by the organization over the most recent three months is 0.24 percent while negative return of 9.94 percent is being gotten by the organization over the most recent one month.

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Business Segment

• Air Transport Services– In its essential pith, the section frames the transportation of travelers and any connected freight that accompanies the said activity.
• Freighter & Logistics Services– The air-freight administrations it incorporates are presented under the brand name SpiceXpress, offering freight availability across India as well as on worldwide courses.
• Sale of Cargo Business– SpiceXpress, the company’s cargo and logistics division, was sold to SpiceXpress and Logistics on March 23 for Rs. 2,556 Cr. This implies that SpiceXpress is presently doing freight business beginning from April 23.
• Airplanes Fleet-SpiceJet runs armadas which comprise of both Q-400 as well as Boeing planes: 737-700s/737-800s alongside 737-900ERs while the latest incorporation being the B737-MAX 8 model planes with a sum of 54 planes as at November, 2023. 21 carriers outof the 54 plane counts are different things not run in light of the fact that the tenants have not paid rents.

Fund Raising

On December 23, the board approved the issuance of up to 32 million equity shares and 13 million warrants at fifty rupees each, totaling 250 million rupees. By January 24 and February 24, the company had already issued nine crore five hundred and fifty-five thousand equity shares and eleven crore sixty-four thousand warrants, totaling one thousand sixty crore rupees thus far.

Latest Developments

• Settlement for Q400– On March 24, SpiceJet made the announcement that it had reached a deal with Export Development Canada (EDC) whereby it would take complete control of its fleet of 13 Q400s that were financed by EDC. In addition, it will soon acquire a Q400 that was used as collateral by Nordic Aviation Capital (NAC) as part of an agreement that was reached last year.
• Haj Operations– SpiceJet has effectively haggled for rent arrangement of two wide-body A340 planes which are intended to help in the impending journey (Hajj) season. Both the Srinagar and Guwahati airports will be served by these aircraft. Moreover, the carrier has procured traffic freedoms for completing Hajj-related trips in seven extra Indian urban communities.
• New Aircraft Lease– As it prepares for the summer schedule following the resolution of a $49.8 million (Rs 413 crore) dispute with Echelon Ireland Madison One Ltd., SpiceJet has signed lease agreements for ten planes.

Spicejet Fundamentals & Quarterly Results

Metric	Value
Market Cap	₹ 4,378 Cr.
Current Price	₹ 55.2
High / Low	₹ 77.5 / 26.5
Stock P/E	–
Book Value	₹ -82.8
Dividend Yield	0.00 %
ROCE	-36.6 %
ROE	–
Face Value	₹ 10.0
Debt to equity	–
Debt Capacity	-1.03
Debt preceding year	₹ 8,332 Cr.
Debt	₹ 6,740 Cr.
Reserves	₹ -6,350 Cr.
EPS	₹ -1.55
EPS last year	₹ -25.1
Pledged percentage	38.8 %
FCF Prev Ann	₹ 972 Cr.
EV/EBITDA	9.25
Industry PE	26.0
PEG Ratio	–
Piotroski score	4.00
Earnings yield	2.97 %
Sales growth 5Years	2.72 %

Spicejet Quarterly Results

Metric	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Sales	1,345	2,263	1,870	2,457	1,954	2,317	2,145	2,004	1,429
Expenses	1,647	2,146	2,188	2,847	2,510	2,363	2,160	1,738	1,872
Operating Profit	-301	116	-318	-390	-555	-46	-15	265	-443
OPM %	-22%	5%	-17%	-16%	-28%	-2%	-1%	13%	-31%
Other Income	187	337	255	17	147	506	354	263	297
Interest	114	88	144	130	143	115	120	123	114
Depreciation	343	323	279	281	282	235	225	208	189
Profit before tax	-571	42	-485	-784	-833	110	-6	198	-449
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	-571	42	-485	-784	-833	110	-6	198	-449
EPS in Rs	-9.49	0.71	-8.06	-13.02	-13.85	1.84	-0.10	3.28	-6.56

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CAGR Report

Compounded Sales Growth
10 Years	%
5 Years	3%
3 Years	-10%
TTM	-8%
Compounded Profit Growth
10 Years	%
5 Years	%
3 Years	-29%
TTM	93%
Stock Price CAGR
10 Years	11%
5 Years	-15%
3 Years	-11%
1 Year	98%
Return on Equity
10 Years	%
5 Years	%
3 Years	%
Last Year	%

Spicejet Shareholding Pattern

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Promoters	60.25%	60.03%	60.00%	59.93%	59.81%	59.40%	58.98%	48.27%
FIIs	4.42%	6.51%	4.27%	1.71%	2.12%	1.19%	0.43%	1.73%
DIIs	3.64%	5.22%	7.74%	10.66%	3.66%	0.03%	0.01%	5.30%
Public	31.69%	28.24%	27.99%	27.71%	34.41%	39.38%	40.58%	44.71%
No. of Shareholders	1,46,518	1,41,037	1,48,166	1,88,807	3,29,828	3,93,282	3,89,982	3,97,705

Spicejet Share Price Target 2024-2030 Forecast

Year	Initial Target
2024	₹99.11
2025	₹200.40
2026	₹256.90
2027	₹309.20
2028	₹357.10
2029	₹411.89
2030	₹507.20

Spicejet Share Price Target 2025

Months	Target Prices
January	147.10
February	152.40
March	156.20
April	160.60
May	165.35
June	169.10
July	173.20
August	179.90
September	183.15
October	189.70
November	193.10
December	200.40

Spicejet Share Price Target 2026

Months	Target Prices
January	205.10
February	209.25
March	213.70
April	217.95
May	221.60
June	226.80
July	231.30
August	236.50
September	240.15
October	246.90
November	250.10
December	256.90

Spicejet Share Price Target 2027

Months	Target Prices
January	261.60
February	264.65
March	268.70
April	274.95
May	279.70
June	284.80
July	290.00
August	294.30
September	297.35
October	302.40
November	305.40
December	309.20

Spicejet Share Price Target 2028

Months	Target Prices
January	312.50
February	315.50
March	319.40
April	322.60
May	325.65
June	330.60
July	334.44
August	339.50
September	343.00
October	347.30
November	351.55
December	357.10

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Spicejet Share Price Target 2029

Months	Target Prices
January	358.23
February	358.23
March	378.56
April	379.52
May	382.56
June	388.65
July	389.32
August	390.03
September	391.56
October	395.56
November	405.65
December	411.89

Spicejet Share Price Target 2030

Months	Target Prices
January	411.10
February	421.20
March	435.40
April	442.60
May	448.65
June	456.80
July	460.00
August	467.30
September	474.60
October	481.70
November	489.90
December	507.20

Points Before investing in Spicejet ltd:-

• The gamble elements to be viewed as before as well as after the venture as through them the misfortunes can be caused anytime of time.
• Contribute a great sum according to your capacities; don’t over contribute or select credits for speculation purposes.
• The Financials of the organization should be checked completely and the patterns connected with the benefits and profit should be noticed.
• The expense proportions to be applied on shares should be reverified and a pattern ought to be seen as the proportion changes each monetary year.
• The assets of the organization to be applied should be checked ahead of time including the asset’s accessibility and returns.
• Check the current range of shares’ prices at which trading is taking place before investing the amount.

Final Words

SpiceJet ltd is one of the recorded organizations on the stock trades, being a recently recorded organization its exhibition is very great, the offer costs are being seen expanding subsequently the interest of offers. Based on the company’s performance right now, there are probably good chances that the company’s earnings and revenues, as well as its share prices, will grow in the future.