SPICEJET (SPICEJET) Fair Value & Analysis

IN · Market cap ₹18.4B

S SPICEJET SPICEJET · BSE

Price₹12.08

Fair Value₹8.23

Upside-31.9%

Quality28/100

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Evidence: Low Range ₹6.17 – ₹10.28

Fair value as of: Jul 6, 2026

From 6 valuation models · updated yesterday

Share price −2.7% over the past month.

Price vs Fair Value (12 months)

12‑month range ₹9.74 – ₹40.29 · fair‑value band ₹6.17 – ₹10.28 · the ₹12.08 price screens above the ₹8.23 fair value. As of Jul 6, 2026.

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Analysis

SPICEJET (SPICEJET) currently trades at ₹12.08, while our model-based Fair Value estimate is ₹8.23 — implying the stock looks roughly 31.9% overvalued today. We read business quality at 28/100 (below-average quality). 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 generated revenue of ₹47.9B at a net margin of -16.2%. Revenue grew 13.8% year over year. Net debt stands at ₹8.5B. Fundamentals as of Jul 6, 2026

Our scenario range runs from ₹6.17 (bear case) to ₹10.28 (bull case); at ₹12.08, the current price sits above that range. The share trades about 70% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.

Key figures & financial health

Revenue (TTM) ₹47.9B

Revenue growth (YoY) +13.8%

Net margin -16.2%

Free cash flow −₹17.7B FY2024

Operating margin -19.5%

EPS (TTM) ₹-4.34

More key figures

Net debt ₹8.5B FY2024

Figures from reported company fundamentals (EODHD) · as of Jul 6, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

SPICEJET reported revenue of ₹53.3B in FY2024 versus ₹51.7B in FY2020, a compound +0.7%/yr. Reported net income was ₹628M in FY2024.

Revenue +0.7%/yr

FY20 ₹51.7B

FY21 ₹66.0B

FY22 ₹88.7B

FY23 ₹70.9B

FY24 ₹53.3B

Net income

FY20 −₹10.3B

FY21 −₹17.4B

FY22 −₹15.1B

FY23 −₹4.2B

FY24 ₹628M

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SPICEJET · Fair Value
₹8.23 −32%Fair Value
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<a href="https://www.fairvalue-calculator.com/stock/SPICEJET" target="_blank" rel="noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">SPICEJET · Fair Value</span><br><b style="font-size:20px">₹8.23</b> <span style="color:#e0816f;font-weight:700;font-size:14px">−32%</span></span><span style="font-size:11px;color:#7BB290;font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

Cite: Fair Value Calculator (2026). "SPICEJET Fair Value". https://www.fairvalue-calculator.com/stock/SPICEJET

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Frequently asked questions

Is SPICEJET (SPICEJET) undervalued?

As of Jul 6, 2026, our model estimates a fair value of ₹8.23 versus a price of ₹12.08 — about −32% (overvalued). Model-based estimate, not financial advice.

What is the fair value of SPICEJET?

Our model-based fair value for SPICEJET is ₹8.23 (as of Jul 6, 2026), built from audited fundamentals. The current price is ₹12.08.

What is the quality score of SPICEJET?

SPICEJET has a Quality Score of 28/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of SPICEJET (SPICEJET)?

SPICEJET reported trailing-twelve-month revenue of about ₹47.9B (latest available figure, as of Jul 6, 2026).

What is the net profit margin of SPICEJET?

The net profit margin of SPICEJET is about -16.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.