FlySBS Aviation Ltd
₹ 606
-3.09%
01 Oct
3:53 p.m.
About
Incorporated in 2020, FlySBS Aviation Ltd is a Private Jet Chartering Company in India.[1]
Key Points
- Market Cap ₹ 1,049 Cr.
- Current Price ₹ 606
- High / Low ₹ 720 / 355
- Stock P/E 17.2
- Book Value ₹ 181
- Dividend Yield 0.00 %
- ROCE 32.5 %
- ROE 26.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 109% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.5%
- Company's working capital requirements have reduced from 49.3 days to 32.7 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 32.5%
- Debtor days have increased from 35.2 to 43.8 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 16 | 27 | 34 | 106 | 194 | 319 | |
| 14 | 26 | 29 | 92 | 154 | 249 | |
| Operating Profit | 2 | 1 | 5 | 15 | 40 | 69 |
| OPM % | 13% | 4.3% | 14% | 14% | 21% | 22% |
| 0 | 1 | 1 | 0 | 1 | 16 | |
| Interest | 0 | 0 | 1 | 1 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 2 | 1 | 4 | 14 | 39 | 81 |
| Tax % | 25% | 28% | 16% | 19% | 27% | 25% |
| 2 | 1 | 3 | 11 | 28 | 61 | |
| EPS in Rs | 22.29 | 35.12 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 82% |
| 3 Years: | 111% |
| TTM: | 64% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 109% |
| 3 Years: | 160% |
| TTM: | 114% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 26% |
| Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 3 | 13 | 17 |
| Reserves | 2 | 3 | 10 | 63 | 138 | 296 |
| 2 | 5 | 3 | 3 | 18 | 37 | |
| 1 | 3 | 5 | 8 | 24 | 41 | |
| Total Liabilities | 7 | 12 | 20 | 77 | 192 | 392 |
| 0 | 0 | 0 | 5 | 5 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 7 | 12 | 20 | 72 | 186 | 384 | |
| Total Assets | 7 | 12 | 20 | 77 | 192 | 392 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -4 | 1 | 4 | 1 | 1 | 32 | |
| -0 | -1 | -2 | -37 | -28 | -134 | |
| 4 | -0 | 1 | 42 | 69 | 118 | |
| Net Cash Flow | 0 | 0 | 2 | 6 | 41 | 15 |
| Free Cash Flow | -4 | 1 | 4 | -4 | -0 | 29 |
| CFO/OP | -209% | 62% | 85% | 10% | 8% | 60% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 46 | 80 | 64 | 23 | 39 | 44 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 46 | 80 | 64 | 23 | 39 | 44 |
| Working Capital Days | 61 | 31 | 19 | 52 | 64 | 33 |
| ROCE % | 22% | 43% | 35% | 35% | 32% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Average Flying Hours per Day Hours/Day |
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| Top 5 Client Revenue Concentration % |
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| Total Aircraft at End of Period (Fleet Size) Nos. |
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| Total Chargeable Flying Hours Hours |
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| Total Crew Members at End of Period Nos. |
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| Total Departures Nos. |
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| Total Unique Destinations Touched Nos. |
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| Dry Lease Revenue Mix % |
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Documents
Announcements
-
Shareholders meeting
- FlySBS Aviation's 6th AGM on September 29, 2026 passed all resolutions with requisite majority.
-
Trading Window
- Trading window closed from October 1, 2026 until 48 hours after Q2 FY26 results.
-
Shareholders meeting
- 6th AGM approved borrowings up to ₹500 crore and CEO remuneration revision.
-
General Updates
- FlySBS Aviation filed AGM presentation detailing FY26 revenue ₹318.5 Cr, PAT ₹60.8 Cr, and fleet strategy.
-
Press Release
- FlySBS signed long-term aviation fuel supply agreement with HPCL on September 23, 2026.
Concalls
-
Jan 2026PPT
Business Overview:[1]
FlySBSAL offers private, non-scheduled air charter services in India for elite clientele and holds a valid DGCA Air Operator Permit. Initially operating through wet lease models, it has now transitioned to a long-term dry lease, under which it operates a 13-seater Embraer Legacy 600 aircraft.