SpiceJet Limited

NSEI:SPICEJET Stock Report

Market Cap: ₹18.0b

SpiceJet Management

Management criteria checks 3/4

SpiceJet's CEO is Ajay Singh, appointed in May 2015, has a tenure of 8.17 years. directly owns 58.93% of the company’s shares, worth ₹10.59B. The average tenure of the management team and the board of directors is 7.7 years and 6.8 years respectively.

Key information

Ajay Singh

Chief executive officer

₹42.0m

Total compensation

CEO salary percentagen/a
CEO tenure8.2yrs
CEO ownership58.9%
Management average tenure7.7yrs
Board average tenure6.8yrs

Recent management updates

Recent updates

Should You Investigate SpiceJet Limited (NSE:SPICEJET) At ₹68.35?

Aug 09
Should You Investigate SpiceJet Limited (NSE:SPICEJET) At ₹68.35?

Don't Ignore The Fact That This Insider Just Sold Some Shares In SpiceJet Limited (NSE:SPICEJET)

Mar 17
Don't Ignore The Fact That This Insider Just Sold Some Shares In SpiceJet Limited (NSE:SPICEJET)

If You Had Bought SpiceJet (NSE:SPICEJET) Shares A Year Ago You'd Have Earned 13% Returns

Mar 02
If You Had Bought SpiceJet (NSE:SPICEJET) Shares A Year Ago You'd Have Earned 13% Returns

Could The SpiceJet Limited (NSE:SPICEJET) Ownership Structure Tell Us Something Useful?

Jan 08
Could The SpiceJet Limited (NSE:SPICEJET) Ownership Structure Tell Us Something Useful?

Bullish: This Analyst Just Lifted Their SpiceJet Limited (NSE:SPICEJET) Outlook For This Year

Nov 16
Bullish: This Analyst Just Lifted Their SpiceJet Limited (NSE:SPICEJET) Outlook For This Year

SpiceJet Limited (NSE:SPICEJET) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates

Nov 14
SpiceJet Limited (NSE:SPICEJET) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates

A Look At SpiceJet's (NSE:SPICEJET) Share Price Returns

Nov 10
A Look At SpiceJet's (NSE:SPICEJET) Share Price Returns

SpiceJet Limited (NSE:SPICEJET) Just Reported And Analysts Have Been Cutting Their Estimates

Sep 17
SpiceJet Limited (NSE:SPICEJET) Just Reported And Analysts Have Been Cutting Their Estimates

News Flash: One SpiceJet Limited (NSE:SPICEJET) Analyst Has Been Trimming Their Revenue Forecasts

Sep 16
News Flash: One SpiceJet Limited (NSE:SPICEJET) Analyst Has Been Trimming Their Revenue Forecasts

Is SpiceJet Limited (NSE:SPICEJET) Popular Amongst Insiders?

Aug 20
Is SpiceJet Limited (NSE:SPICEJET) Popular Amongst Insiders?

CEO Compensation Analysis

How has Ajay Singh's remuneration changed compared to SpiceJet's earnings?
DateTotal CompensationSalaryCompany Earnings
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 ($USD512.98K) is above average for companies of similar size in the Indian market ($USD193.11K).

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

CEO

Ajay Singh (58 yo)

8.2yrs

Tenure

₹42,000,000

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 & MD8.2yrs₹42.00m58.93%
₹ 10.6b
Ashish Kumar
Chief Financial Officerless than a yearno datano data
Arun Kashyap
Chief Operating Officerless than a yearno datano data
Ashish Vikram
Chief Technology & Innovation Officerno datano datano data
Chandan Sand
Senior VP of Legal11.3yrs₹4.72mno data
Anand Deora
Senior Manager of Corporate Communicationsno datano datano data
Kamal Hingorani
Chief Customer Service Officer13.3yrsno datano data
Shilpa Bhatia
Chief Commercial Officer3.4yrsno datano data
G. Gupta
Chief Strategy Officer & Accountable Managerno datano datano data
Vinay Nambiar
Country Head for UAE7.7yrsno datano data
Tushar Srivastava
Head of Corporate Affairs & CSRno datano datano data

7.7yrs

Average Tenure

Experienced Management: SPICEJET's management team is seasoned and experienced (7.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ajay Singh
Chairman & MD8.2yrs₹42.00m58.93%
₹ 10.6b
Shiwani Singh
Non-Executive & Non-Independent Director8.2yrs₹500.00k0.0010%
₹ 179.8k
Anurag Bhargava
Independent & Non-Executive Director6.8yrs₹400.00kno data
Ajay Aggarwal
Independent Director4.4yrs₹400.00k0.0025%
₹ 447.6k
Manoj Kumar
Independent Director4.2yrs₹500.00k0.0013%
₹ 239.1k

6.8yrs

Average Tenure

58yo

Average Age

Experienced Board: SPICEJET's board of directors are considered experienced (6.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/07/26 00:12
End of Day Share Price 2023/04/28 00:00
Earnings2022/12/31
Annual Earnings2022/03/31

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. 3 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.