Dashboard
1
Poor Management Efficiency with a low ROCE of 2.97%
- The company has been able to generate a Return on Capital Employed (avg) of 2.97% signifying low profitability per unit of total capital (equity and debt)
2
The company is Net-Debt Free
3
Poor long term growth as Net Sales has grown by an annual rate of 19.25% and Operating profit at 29.12% over the last 5 years
4
Flat results in Jun 26
5
With ROE of 14.07%, it has a expensive valuation with a 2.48 Price to Book Value
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-9.04%
0%
-9.04%
6 Months
-10.23%
0%
-10.23%
1 Year
-21.6%
0%
-21.6%
2 Years
-15.39%
0%
-15.39%
3 Years
-25.37%
0%
-25.37%
4 Years
-16.06%
0%
-16.06%
5 Years
-23.48%
0%
-23.48%
Spring Airlines Co., Ltd. for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
19.25%
EBIT Growth (5y)
29.12%
EBIT to Interest (avg)
1.19
Debt to EBITDA (avg)
4.54
Net Debt to Equity (avg)
0.57
Sales to Capital Employed (avg)
0.55
Tax Ratio
23.56%
Dividend Payout Ratio
40.30%
Pledged Shares
0
Institutional Holding
0.05%
ROCE (avg)
4.56%
ROE (avg)
5.70%
Valuation key factors
Factor
Value
P/E Ratio
18
Industry P/E
Price to Book Value
2.48
EV to EBIT
23.81
EV to EBITDA
12.21
EV to Capital Employed
1.89
EV to Sales
2.65
PEG Ratio
0.76
Dividend Yield
2.64%
ROCE (Latest)
7.92%
ROE (Latest)
14.07%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
Bullish
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
No Trend
Mildly Bearish
OBV
Mildly Bearish
No Trend
Shareholding Snapshot : Jun 2017
Shareholding Compare (%holding) 
Majority shareholders
Foreign Institutions
Domestic Funds
Held in 0 Schemes (0%)
Foreign Institutions
Held by 1 Foreign Institutions (0.05%)
Strategic Entities with highest holding
Highest Public shareholder
Quarterly Results Snapshot (Consolidated) - Jun'26 - QoQ
Jun'26
Mar'26
Change(%)
Net Sales
6,266.20
6,069.90
3.23%
Operating Profit (PBDIT) excl Other Income
751.10
1,895.30
-60.37%
Interest
133.80
124.70
7.30%
Exceptional Items
-0.00
-0.00
Consolidate Net Profit
59.40
982.80
-93.96%
Operating Profit Margin (Excl OI)
-21.10%
166.70%
-18.78%
USD in Million.
Net Sales
QoQ Growth in quarter ended Jun 2026 is 3.23% vs 29.52% in Mar 2026
Consolidated Net Profit
QoQ Growth in quarter ended Jun 2026 is -93.96% vs 5,529.83% in Mar 2026
Annual Results Snapshot (Consolidated) - Dec'25
Dec'25
Dec'24
Change(%)
Net Sales
21,419.10
19,968.20
7.27%
Operating Profit (PBDIT) excl Other Income
5,216.20
4,672.90
11.63%
Interest
494.70
541.40
-8.63%
Exceptional Items
-14.40
14.30
-200.70%
Consolidate Net Profit
2,317.40
2,272.90
1.96%
Operating Profit Margin (Excl OI)
99.60%
93.40%
0.62%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2025 is 7.27% vs 11.46% in Dec 2024
Consolidated Net Profit
YoY Growth in year ended Dec 2025 is 1.96% vs 0.69% in Dec 2024
About Spring Airlines Co., Ltd. 
Spring Airlines Co., Ltd.
Airline
No Details Available.
Company Coordinates 
No Company Details Available
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