FlySBS Aviation Ltd
₹ 413
-2.13%
01 Jun
- close price
About
Incorporated in 2020, FlySBS Aviation Ltd is a Private Jet Chartering Company in India.[1]
Key Points
- Market Cap ₹ 714 Cr.
- Current Price ₹ 413
- High / Low ₹ 790 / 355
- Stock P/E 11.8
- 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 51.4 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% | 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: | % |
| 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 | 0 | ||
| -0 | -1 | -2 | -37 | -28 | ||
| 4 | -0 | 1 | 42 | 69 | ||
| Net Cash Flow | 0 | 0 | 2 | 6 | 41 | |
| Free Cash Flow | -4 | 1 | 4 | -4 | -1 | |
| CFO/OP | -209% | 62% | 85% | 10% | 6% |
Ratios
Figures in Rs. Crores
| 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 | 70 | 33 |
| ROCE % | 22% | 43% | 35% | 35% | 32% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Average Flying Hours per Day Hours |
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| Fleet Size Nos |
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| Total Chargeable Flying Hours Hours |
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| Total Departures Nos |
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| Total Unique Destinations Touched Nos |
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| Revenue Contribution from Repeat Clients % |
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| Total Crew Members Nos |
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| Revenue Market Share in NSOP Segment % |
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Documents
Announcements
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Structural Digital Database
30 May 2026 - FLYSBS files SDD compliance certificate for FY ended March 31, 2026.
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Outcome of Board Meeting
26 May 2026 - Board approved audited FY26 results; revenue rose to ₹31,853.23 lakh and profit to ₹6,077.34 lakh.
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Monitoring Agency Report
15 May 2026 - CARE report for quarter ended March 31, 2026 shows Rs 12.35 crore unutilised IPO proceeds.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
28 April 2026 - FlySBS Aviation states corporate governance provisions are not applicable as its shares are listed on SME exchange.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
10 April 2026 - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026.
Concalls
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Jan 2026TranscriptAI SummaryPPT
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.