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49.79 -1.07 (-2.10%)

37.68% Fall from 52W High

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BSE 22 Apr, 2025 3:31 PM (IST)

6,381.5

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Spicejet Ltd. share price target and research reports

Name: Latest research reports of Spicejet Ltd. authored by Ventura and published by - Trendlyne research reports.
Item: Spicejet Ltd.
Rating: 5
Author: Ventura

Latest analyst research reports with target prices and PDF download for SPICEJET, BSE:500285 Spicejet Ltd.

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Spicejet Ltd.

17 Apr 2025

49.79

-2.10%

SPICEJET LTD.

Buy: Spicejet Ltd.

Ventura

Black & White

Spicejet Ltd. is trading below its 100 day SMA of 50.7

Spicejet Ltd.

18 Aug 2021

49.79

-2.10%

Q1FY22 Result Update - Recapitalization key to exiting air pocket - HOLD

Hold: Spicejet Ltd.

Recommendation

Prabhudas Lilladhar

improved sequentially despite Pax services being impacted by 2 nd Covid wave. However, SJET's adjusted losses widened YoY/QoQ to Rs8.7bn largely, on account of lower scale of operations and input cost inflation. SJET continues to focus on managing cash flows through 1) renegotiating rentals/ maintenance costs 2) deferring payments to vendors 3) capital raise via QIP & hiving off cargo arm and 4) Rs1.3bn raised via ECLGS scheme. SJET is looking to hive off its cargo arm for a consideration of Rs25.5bn on slump sale basis which shall enable greater focus on cargo business and raise...

Promoters pledged 1.88% of shares in last quarter. Total pledge stands at 42.18% of promoter holdings

Spicejet Ltd.

01 Jul 2021

49.79

-2.10%

Spicejet (SELL): Liquidity crisis, rising fuel cost dampen outlook; SELL

Sell: Spicejet Ltd.

Recommendation Target

BOB Capital Markets Ltd.

SJET's Q4FY21 revenue plunged 35% YoY and it reported an adjusted net loss of Rs 2.4bn, translating to negative EPS of Rs 3.9

Spicejet Ltd. is trading above its 50 day SMA of 46.6

Spicejet Ltd.

12 Nov 2020

49.79

-2.10%

Q2FY21 Result Update - To fly past turbulent times; Upgrade to BUY

Buy: Spicejet Ltd.

Recommendation Target

Prabhudas Lilladhar

respectively and upgrade to Buy (earlier Hold) given 1) resilient scale up of operations helped by charter demand 2) sustained increase in load factors on the back of easing lockdown restrictions and rising consumer confidence....

Spicejet Ltd.'s price crossed below 100Day SMA today

Spicejet Ltd.

16 Sep 2020

49.79

-2.10%

Q1FY21 Result Update - Cargo ops a silver lining in a washout quarter - Upgrade to HOLD

Hold: Spicejet Ltd.

Recommendation Target

Prabhudas Lilladhar

1) sluggish scale up of operations due to localized lockdowns and 2) low consumer confidence due to rising incidence of Covid-19 cases SJET reported better than expected 1Q21 unit revenues with operating RASK...

Promoters pledged 1.88% of shares in last quarter. Total pledge stands at 42.18% of promoter holdings

Spicejet Ltd.

15 Sep 2020

49.79

-2.10%

[Initiation] SpiceJet (BUY): Deep value BUY despite steep discount to market leader

Buy: Spicejet Ltd.

BOB Capital Markets Ltd.

SpiceJet (SJET) ranks second in the domestic aviation industry with ~17% share.

Spicejet Ltd. is trading below its 100 day SMA of 50.7

Spicejet Ltd.

03 Aug 2020

49.79

-2.10%

Q4FY20 Result Update - Delicately placed - Downgrade to 'Sell'

Sell: Spicejet Ltd.

Recommendation Target

Prabhudas Lilladhar

compensation) down 7.4% while non-Fuel CASK increased by 33.5% due to Covid-19 led disruption with operations being suspended in late March. While market leader Indigo reported 1% yield growth in the same period, SJET reported 10% decline in yields despite industry leading load factors impacted by 1) increased exposure to intensely competitive metro to metro routes and 2) dual class fleet operations. SJET continues to negotiate with Boeing regarding compensation for the grounded Boeing 737 Max, we shall keep a close eye on payment terms and actual flow of compensation....

Ventura released a report for Spicejet Ltd. on 17 Apr, 2025.

Spicejet Ltd.

14 Nov 2019

49.79

-2.10%

SpiceJet (2QFY20): Challenging quarter. Maintain BUY

Buy: Spicejet Ltd.

Recommendation Target

HDFC Securities

Maintain BUY as (1) SpiceJet will benefit from the improving industry structure in the medium term (2) Fuel prices remain benign, which will allow for better cost management (3) Further, any resolution with regards to the 737 MAX planes will improve the cost structure of the low cost carrier. The stock is trading at reasonable valuations of 9.6/6.7/5.9x EV/EBITDAR on FY20/21E/22E. SpiceJets 2QFY20 results were weaker than expected (Reported loss of Rs 4.6 bn) due to the adverse impact from the grounding of the 737 MAX planes as well as seasonality. We have lowered our EBITDAR estimates by ~ 15% over FY20-22 to factor in the above. Maintain BUY with a revised TP of Rs 140 (at 7x Sep-21E EV/EBITDAR).

Spicejet Ltd. is trading above its 50 day SMA of 46.6

Spicejet Ltd.

15 Aug 2018

49.79

-2.10%

SpiceJet (1QFY19): Crude and INR dent profits despite better yields. Maintain NEUTRAL

Neutral: Spicejet Ltd.

Recommendation Target

HDFC Securities

Given competitive intensity in the industry and the back ended nature of our EPS, we continue to maintain our NEUTRAL stance with a revised TP of Rs 101, based on a EV/EBITDAR target multiple of 8x on a Sep 20E EBITDAR. SpiceJet printed an impressive 1QFY19 revenue of Rs 22.4bn (+19.6% YoY). Unlike that of Indigo, Spicejets yield continued to move upwards and came in at Rs 4.07, +2.7% YoY (Indigos at Rs 3.62, -5.5% YoY). Additionally, the company also rationalized its costs by turning in one of its wet leases thereby reducing its lease rentals costs by 6.2% QoQ. EBITDA growth was commendable +20.4% QoQ (but -63.3% YoY) despite higher (+12.1% QoQ) fuel costs and Rs 509.1mn forex losses (on liabilities).

Ventura released a report for Spicejet Ltd. on 17 Apr, 2025.

Spicejet Ltd.

08 Feb 2018

49.79

-2.10%

SpiceJet (3QFY18): Strong Results. Upgrade to BUY

Buy: Spicejet Ltd.

Recommendation Target

HDFC Securities

We upgrade to BUY with a revised TP of Rs 165, based on 14x Dec-19-EPS. SpiceJets 3QFY18 results were ahead of estimates on better than expected yield and load factor. Revenue grew 26.8% to Rs 20.8bn, as yield was higher by 8.8%. Adj. PAT was up 68.3% at Rs 2.4bn. ASKM/RPKM growth was strong at 15.5%/18.8% respectively, with passenger growth at 18.2%.

Ventura released a report for Spicejet Ltd. on 17 Apr, 2025.

Is Spicejet Ltd. worth buying?

601 Votes:

Buy 73.38%

Sell 14.31%

Hold 12.31%

RESEARCH REPORTS

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