SpiceJet [SPICEJET] vs Ion Exchange (India [IONEXCHANG] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: SpiceJet Ltd wins in 5 metrics, Ion Exchange (India) Ltd. wins in 13 metrics, with 0 ties. Ion Exchange (India) Ltd. appears stronger overall.

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Vital Metrics Comparison

Metric SpiceJet Ltd Ion Exchange (India) Ltd. Better
P/E Ratio (TTM) 24.83 26.60 SpiceJet Ltd
Price-to-Book Ratio -0.78 3.74 Ion Exchange (India) Ltd.
Debt-to-Equity Ratio -1.50 32.49 Ion Exchange (India) Ltd.
PEG Ratio -0.02 -0.44 SpiceJet Ltd
EV/EBITDA -6.99 18.61 Ion Exchange (India) Ltd.
Profit Margin (TTM) -16.18% 6.30% Ion Exchange (India) Ltd.
Operating Margin (TTM) -19.49% 5.54% Ion Exchange (India) Ltd.
EBITDA Margin (TTM) N/A 5.54% N/A
Return on Equity -3.23% 17.18% Ion Exchange (India) Ltd.
Return on Assets (TTM) 0.95% 6.96% Ion Exchange (India) Ltd.
Free Cash Flow (TTM) $-17.70B $-2.88B Ion Exchange (India) Ltd.
Dividend Yield N/A 0.72% N/A
1-Year Return -71.65% -33.48% Ion Exchange (India) Ltd.
Price-to-Sales Ratio (TTM) 0.47 1.74 SpiceJet Ltd
Enterprise Value $60.13B $48.91B SpiceJet Ltd
EV/Revenue Ratio 1.26 1.70 SpiceJet Ltd
Gross Profit Margin (TTM) -5.63% 37.16% Ion Exchange (India) Ltd.
Revenue per Share (TTM) $34 $243 Ion Exchange (India) Ltd.
Earnings per Share (Diluted) $-4.34 $15.32 Ion Exchange (India) Ltd.
Beta (Stock Volatility) 0.36 0.32 Ion Exchange (India) Ltd.

SpiceJet Ltd vs Ion Exchange (India) Ltd. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
SpiceJet Ltd1.89%-3.04%-2.28%-11.41%-61.00%-58.45%
Ion Exchange (India) Ltd.-1.79%-6.93%-14.07%2.02%3.54%-5.30%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
SpiceJet Ltd-71.65%-51.02%-83.99%-80.11%-63.83%-80.09%
Ion Exchange (India) Ltd.-33.48%-5.60%97.01%97.01%97.01%97.01%

Performance & Financial Health Analysis: SpiceJet Ltd vs Ion Exchange (India) Ltd.

MetricSPICEJETIONEXCHANG
Market Information
Market Cap i₹22.57B₹49.71B
Market Cap CategorySmall capSmall cap
10 Day Avg. Volume i21,527,273240,964
90 Day Avg. Volume i22,388,784353,611
Last Close₹12.42₹353.75
52 Week Range₹9.53 - ₹46.90₹312.70 - ₹580.75
% from 52W High-73.52%-39.09%
All-Time High₹156.90 (Jun 03, 2019)₹4,134.55 (May 22, 2023)
% from All-Time High-92.08%-91.44%
Growth Metrics
Quarterly Revenue Growth0.14%0.06%
Quarterly Earnings Growth0.14%-0.58%
Financial Health
Profit Margin (TTM) i-0.16%0.06%
Operating Margin (TTM) i-0.19%0.06%
Return on Equity (TTM) i-0.03%0.17%
Debt to Equity (MRQ) i-1.5032.49
Cash & Liquidity
Book Value per Share (MRQ)₹-19.83₹109.04
Cash per Share (MRQ)₹2.73₹32.95
Operating Cash Flow (TTM) i₹-20,981,500,000₹-162,819,000
Levered Free Cash Flow (TTM) i₹627.68M₹2.08B
Dividends
Last 12-Month Dividend Yield iN/A0.72%
Last 12-Month Dividend iN/A₹3.00

Valuation & Enterprise Metrics Analysis: SpiceJet Ltd vs Ion Exchange (India) Ltd.

MetricSPICEJET (Apr 24, 2026)IONEXCHANG (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i24.8326.60
Forward P/E i-1.4322.64
PEG Ratio i-0.02-0.44
Price to Sales (TTM) i0.471.74
Price to Book (MRQ) i-0.783.74
Market Capitalization
Market Capitalization i₹22.57B₹49.71B
Enterprise Value i₹60.13B₹48.91B
Enterprise Value Metrics
Enterprise to Revenue i1.261.70
Enterprise to EBITDA i-6.9918.61
Risk & Other Metrics
Beta i0.360.32
Book Value per Share (MRQ) i₹-19.83₹109.04

Financial Statements Comparison: SpiceJet Ltd vs Ion Exchange (India) Ltd.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricSPICEJET (2025)IONEXCHANG (2025)
Revenue/Sales i50.74B27.16B
Cost of Goods Sold i55.74B17.26B
COGS % of Revenue i109.9%63.6%
Gross Profit i-5.00B9.90B
Gross Margin i-9.9%36.4%
Research & Development iN/AN/A
Operating Income (EBIT) i-8.86B2.54B
Operating Margin i-17.5%9.4%
EBITDA i9.23B3.42B
EBITDA Margin i18.2%12.6%
Pre-Tax Income i619.32M2.85B
Pre-Tax Income % of Revenue i1.2%10.5%
Income Tax i0772.22M
Income Tax % of Revenue i0.0%2.8%
Net Income (Profit) i619.32M2.08B
Profit Margin i1.2%7.7%

Balance Sheet & Liquidity Metrics

MetricSPICEJET (2025)IONEXCHANG (2025)
Cash & Equivalents i388.17M1.49B
Total Current Assets i27.29B21.80B
Total Current Assets % of Revenue i53.8%80.3%
Total Current Liabilities i66.72B14.68B
Total Current Liabilities % of Revenue i131.5%54.1%
Long-Term Debt i17.55B2.66B
Long-Term Debt % of Revenue i34.6%9.8%
Total Shareholders Equity i-19.44B12.09B
Retained Earnings i-78.34B11.03B
Retained Earnings % of Revenue i-154.4%40.6%
Property, Plant & Equipment i4.71B37.75M

Cash Flow Statement Comparison

MetricSPICEJET (2025)IONEXCHANG (2025)
Operating Cash Flow i-20.98B-162.82M
Operating Cash Flow % of Revenue i-41.4%-0.6%
Capital Expenditures i-779.99M-3.19B
Free Cash Flow i-17.70B-2.88B
FCF Margin i-34.9%-10.6%
Debt Repayment i-2.66B-192.23M
Common Stock Repurchase iN/AN/A

Short Interest & Institutional Ownership Analysis

MetricSPICEJETIONEXCHANG
Shares Short iN/AN/A
Short Ratio iN/AN/A
Short % of Float iN/AN/A
Shares Outstanding i1.53B122.93M
Float Shares i870.53M77.51M
% Held by Insiders i33.77%44.53%
% Held by Institutions i6.81%19.79%
% Held by Public i59.42%35.68%

Dividend Analysis & Yield Comparison: SpiceJet Ltd vs Ion Exchange (India) Ltd.

MetricSPICEJETIONEXCHANG
Last 12-Month Dividend iN/A₹3.00
Last 12-Month Dividend Yield iN/A0.72%
3-Year Avg Annual Dividend iN/A₹1.42
3-Year Avg Dividend Yield iN/A0.27%
3-Year Total Dividends iN/A₹4.25
Ex-Dividend DateN/ASep 02, 2025