SpiceJet Limited

BSE:500285 Stock Report

Market Cap: ₹63.6b

SpiceJet Management

Management criteria checks 3/4

SpiceJet's CEO is Ajay Singh, appointed in May 2015, has a tenure of 9.67 years. directly owns 26.44% of the company’s shares, worth ₹16.83B. The average tenure of the management team and the board of directors is 9.7 years and 7.1 years respectively.

Key information

Ajay Singh

Chief executive officer

₹54.0m

Total compensation

CEO salary percentagen/a
CEO tenure9.7yrs
CEO ownership26.4%
Management average tenure9.7yrs
Board average tenure7.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ajay Singh's remuneration changed compared to SpiceJet's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

-₹5b

Mar 31 2024₹54mn/a

-₹4b

Dec 31 2023n/an/a

-₹6b

Sep 30 2023n/an/a

-₹1b

Jun 30 2023n/an/a

-₹5b

Mar 31 2023₹78mn/a

-₹15b

Dec 31 2022n/an/a

-₹20b

Sep 30 2022n/an/a

-₹21b

Jun 30 2022n/an/a

-₹18b

Mar 31 2022₹42mn/a

-₹17b

Dec 31 2021n/an/a

-₹15b

Sep 30 2021n/an/a

-₹16b

Jun 30 2021n/an/a

-₹12b

Mar 31 2021₹72mn/a

-₹10b

Dec 31 2020n/an/a

-₹16b

Sep 30 2020n/an/a

-₹14b

Jun 30 2020n/an/a

-₹18b

Mar 31 2020₹72mn/a

-₹9b

Dec 31 2019n/an/a

-₹659m

Sep 30 2019n/an/a

-₹794m

Jun 30 2019n/an/a

-₹39m

Mar 31 2019n/an/a

-₹3b

Dec 31 2018n/an/a

-₹3b

Sep 30 2018n/an/a

-₹1b

Jun 30 2018n/an/a

₹3b

Mar 31 2018₹147m₹147m

₹6b

Compensation vs Market: Ajay's total compensation ($USD627.80K) is above average for companies of similar size in the Indian market ($USD356.86K).

Compensation vs Earnings: Ajay's compensation has been consistent with company performance over the past year.

CEO

Ajay Singh (59 yo)

9.7yrs

Tenure

₹54,000,000

Compensation

Mr. Ajay Singh has been Chairman since May 31, 2015 and Managing Director of SpiceJet Limited since May 21, 2015. Mr. Singh Co-Founded Argentum Motors Private Limited and serves as its Chairman. He has ext...

Leadership Team

NamePositionTenureCompensationOwnership
Ajay Singh
Chairman & MD9.7yrs₹54.00m26.44%
₹ 16.8b
Joyakesh Podder
Deputy Chief Financial Officerless than a yearno datano data
Ashish Vikram
Chief Technology & Innovation Officerno datano datano data
Chandan Sand
Senior VP of Legal12.8yrs₹4.72mno data
Anand Deora
Senior Manager of Corporate Communicationsno datano datano data
Kamal Hingorani
Chief Customer Service Officer14.8yrsno datano data
G. Gupta
Chief Strategy Officer & Accountable Managerno datano datano data
Vinay Nambiar
Country Head for UAE9.2yrsno datano data
Tushar Srivastava
Head of Corporate Affairs & CSRno datano datano data

9.7yrs

Average Tenure

Experienced Management: 500285's management team is seasoned and experienced (9.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ajay Singh
Chairman & MD9.7yrs₹54.00m26.44%
₹ 16.8b
Shiwani Singh
Non-Executive & Non-Independent Director9.7yrs₹300.00k0.00047%
₹ 299.1k
Anurag Bhargava
Independent & Non-Executive Director8.3yrs₹100.00kno data
Ajay Aggarwal
Independent Director5.9yrs₹400.00k0.0016%
₹ 992.9k
Manoj Kumar
Independent Director5.7yrs₹400.00k0.00078%
₹ 496.5k
Sonum Malhotra
Independent Directorless than a yearno datano data

7.1yrs

Average Tenure

58.5yo

Average Age

Experienced Board: 500285's board of directors are considered experienced (7.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 18:59
End of Day Share Price 2025/01/10 00:00
Earnings2024/06/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

SpiceJet Limited is covered by 16 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mayur MilakAnand Rathi Shares and Stock Brokers Limited
Sharan LillaneyAngel Broking Private Limited
Praveen SahayBatlivala & Karani Securities India Pvt. Ltd.