SpiceJet Limited (500285) Fair Value & Analysis

Other · IN · Market cap ₹28.8B

Below-average quality, and screening another 59% overvalued on our models.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case (₹5.58). The favourable scenario is already priced in.
• Weak quality (23/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹9.74 – ₹84.55 · fair‑value band ₹3.35 – ₹5.58 · the ₹10.96 price screens above the ₹4.46 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

SpiceJet Limited (500285) currently trades at ₹10.96, while our model-based Fair Value estimate is ₹4.46, implying the stock looks roughly 59.3% overvalued today. The Quality Score stands at 23/100 (below-average quality), in the Other sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, SpiceJet Limited generated revenue of ₹81.1B at a net margin of -17.8%. Revenue declined 62.4% year over year. Net debt stands at ₹8.5B. The stock trades on a trailing P/E of 3.6 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹3.35 (bear case) to ₹5.58 (bull case); at ₹10.96, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 73% below its 52-week high and 15% above its 52-week low. For context, the median of 10 Other peers we cover trades at -24% fair-value upside, at -59%, 500285 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (₹36.12) versus Earnings-Based (₹1.16). Highest evidence: Growth-Adj P/E (68).

Key figures & financial health

Quality Score breakdown

About the company

SpiceJet Limited provides air transportation services in India. The company offers passengers and cargo air transportation services under the SpiceJet brand. As of July 31, 2019, it operated 111 fleets covering 62 destinations, which include 53 domestic and 9 international destinations.

Full company description

SpiceJet Limited provides air transportation services in India. The company offers passengers and cargo air transportation services under the SpiceJet brand. As of July 31, 2019, it operated 111 fleets covering 62 destinations, which include 53 domestic and 9 international destinations. SpiceJet Limited was incorporated in 1984 and is headquartered in Gurugram, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SpiceJet Limited reported revenue of ₹53.3B in FY2025 versus ₹51.7B in FY2021, a compound +0.7%/yr. Reported net income was ₹628M in FY2025.

500285 screens 59% overvalued. Compare with Federal Home Loan Mortgage Corporation →

Peer Group

Other · 319 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Other median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Similar stocks

10 more Other stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Explore undervalued stocks

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

Discover tools

Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.