Price Summary

FinStar

Ownership Below Par

Stock price may face volatility due to ownership structure.

ValuationAttractive

The stock is considerably attractive based on intrinsic value.

EfficiencyPoor

The company seems highly inefficient in case of asset management.

FinancialsWeak

Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Enterprise Value

5389.53 Cr.

Book Value (TTM)

₹  -55.18

Your Added Ratios

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 Group Companies

Ratios

Sales Growth

1 Year35.61%

3 Year25.91%

5 Year18.71%

Profit Growth

1 Year-195.73%

3 Year-229.47%

5 Year-8.55%

ROE%

ROCE %

1 Year-256.42%

3 Year-65.1%

5 Year31.31%

Interest Cover Ratio

-0.611023597620246

CFO/PAT (5 Yr. Avg.)

23.1835801205157

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2021 59.54 44.31
Mar 2021 59.81 43.92
Dec 2020 59.89 43.9
Sep 2020 59.91 43.9
Jun 2020 59.93 44.01

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Net Sales 514.69 1054.99 1686.62 1877.09 1089.73
Total Expenditure 710.03 850.84 1501.97 1980.31 1509.73
Operating Profit -195.34 204.14 184.64 -103.22 -420
Other Income 189.88 250.29 280.33 341.45 176.12
Interest 139.72 151.44 141.63 159.73 137.29
Depreciation 448.23 415.58 380.3 313.84 347.91
Exceptional Items 0 0 0 0 0
Profit Before Tax -593.41 -112.59 -56.96 -235.34 -729.08
Tax 0 0 0 0 0
Profit After Tax -593.41 -112.59 -56.96 -235.34 -729.08
Adjusted EPS (Rs) -9.89 -1.88 -0.95 -3.92 -12.12

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 5088.07 6191.27 7755.69 9113.25 12358.64
Total Expenditure 4515.17 5617.88 6968.56 9090.84 11826.9
Operating Profit 572.9 573.38 787.13 22.42 531.74
Other Income 152.06 112.54 132.56 144.78 847.66
Interest 159.06 95.14 121.84 163.59 580.23
Depreciation 179.81 198.61 231.2 256.23 1733.93
Exceptional Items 63.69 38.55 0 -63.47 0
Profit Before Tax 449.79 430.73 566.65 -316.08 -934.76
Tax 0 0 0 0 0
Net Profit 449.79 430.73 566.65 -316.08 -934.76
Adjusted EPS (Rs.) 7.5 7.19 9.45 -5.27 -15.58

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 599.45 599.45 599.45 599.72 600.08
Total Reserves -1638.31 -1208.54 -642.42 -950.4 -2179.34
Borrowings 920.92 775.98 650.95 556.63 459.3
Other N/C liabilities 339.2 356.8 326.71 966.58 7436.95
Current liabilities 2625.45 2467.21 3096.9 3634.43 6649.84
Total Liabilities 2846.71 2990.9 4031.59 4806.95 12966.82
Assets
Net Block 1627.56 1619.78 1597.7 1603.77 8680.95
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0 0.04 0.05 0.05 0.12
Loans & Advances 416.45 420.49 854.71 1043.16 1364.33
Other N/C Assets 122.42 258 656.77 785.91 694.62
Current Assets 680.28 692.59 922.35 1374.06 2226.8
Total Assets 2846.71 2990.9 4031.59 4806.95 12966.82

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit from operations 386.09 392.17 566.65 -252.62 -934.76
Adjustment 472.6 332.74 678.08 877.28 3552.04
Changes in Assets & Liabilities -314.73 -402.53 -190.98 -163.08 -742.81
Tax Paid -0.27 8.12 -7.91 -5.26 -32.68
Operating Cash Flow 711.17 496.34 1045.84 456.33 1841.79
Investing Cash Flow -275.04 -491.09 -805.51 -146.32 -174.33
Financing Cash Flow -378.54 -62.38 -140.42 -363.73 -1704.25
Net Cash Flow 57.6 -57.14 99.9 -53.72 -36.79

Corporate Actions

Investors Details

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Public 29.54 30.92 31.48 34.41 37.22
meenakshi bhargava 1.12 1.12 1.11 1.11 0
vijay bhargava 1.09 1.09 1.09 1.09 1.03
qualified institutional b... 0 0.02 0 0 0
plutus wealth management ... 0 1.17 0 0 0
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
FII/DII 10.53 9.17 8.63 5.78 3.24
franklin india focused eq... 4 2.96 0 0 0
hdfc trustee company ltd.... 5.43 0 0 0 0
hdfc trustee company ltd.... 0 5.05 5.05 2.49 0
nippon life india trustee... 0 0 0 0 1.15

SpiceJet Stock Price Analysis and Quick Research Report. Is SpiceJet an attractive stock to invest in?

 

The civil aviation industry in India has emerged as one of the fastest-growing industries in the country during the last three years. India is currently considered the third largest domestic civil aviation market in the world. 

A rise in the working group and middle-class demography has created a positive demand for the airline sector, to cater to the rising air traffic, the Government of India has been working towards increasing the number of airports. Investments to the tune of ($5.99 to $6.41) are expected in India’s airport infrastructure between FY18-23. While assessing the health of an airline company these financial metrics should be analyzed thoroughly.

Let us have a look into SpiceJet for more understanding.

  • Quick ratio: - It measures an airline company’s short-term liquidity, whether a company can cover all of its short-term debt obligations with its liquid/quick assets. This financial ratio is particularly useful for analyzing airline companies because they are capital-intensive and have significant amounts of debt. SpiceJet has a 0.308159386739948 of which is considered disadvantageous in terms of liquidity.
     
  • Return on Assets: - ROA indicates profitability earned on its assets, Airplane companies have planes as its primary assets, so bulk revenues are generated through Air travels. SpiceJet has a ROA of -10.5184307237411 % which is significantly bad to its peers. 
     
  • Debt to equity ratio: - With significant debt portion and capital expenditures it is a good metric to check out Debt to Equity ratio for an airline company. SpiceJet has a D/E ratio of -0.6887 which is an insignificant indicative measure of financial risk when compared to its peers.
     
  • Cash flows analysis: - Airline companies usually have high fixed costs and major capital expenditures, so it is a good metric to measure the company’s growth and future performance. SpiceJet has weak net cash flows of -36.7920000000001 Cr over the year.
Brief about SpiceJet

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