Flywings Simulator Training Centre Ltd
Incorporated in 2011, Flywings Simulator Training Centre Limited is engaged in Aviation Training located in Gurgaon.[1]
- Market Cap ₹ 168 Cr.
- Current Price ₹ 165
- High / Low ₹ 248 / 145
- Stock P/E 15.1
- Book Value ₹ 88.1
- Dividend Yield 0.00 %
- ROCE 20.1 %
- ROE 17.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 109 days to 189 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.
Peer comparison
Consumer Discretionary Consumer Services Other Consumer Services Education
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 1 | 10 | 23 | 20 | 25 | |
| 2 | 5 | 7 | 6 | 9 | |
| Operating Profit | -0 | 6 | 16 | 14 | 16 |
| OPM % | -14% | 56% | 70% | 71% | 64% |
| 0 | 0 | 0 | 3 | 2 | |
| Interest | 1 | 0 | 1 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -2 | 5 | 15 | 15 | 15 |
| Tax % | 67% | 12% | 33% | 29% | 26% |
| -3 | 4 | 10 | 11 | 11 | |
| EPS in Rs | -3,000.00 | 4,130.00 | 1,503.75 | 14.07 | 11.23 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.07 | 8 | 10 |
| Reserves | -3 | 1 | 28 | 31 | 79 |
| 13 | 8 | 10 | 18 | 11 | |
| 5 | 8 | 6 | 10 | 7 | |
| Total Liabilities | 15 | 16 | 44 | 66 | 108 |
| 5 | 5 | 15 | 15 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 16 | 27 |
| 10 | 11 | 29 | 35 | 74 | |
| Total Assets | 15 | 16 | 44 | 66 | 108 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0 | 11 | 3 | 9 | 0 | |
| 1 | -1 | -12 | -19 | -20 | |
| -1 | -5 | 16 | 4 | 37 | |
| Net Cash Flow | -0 | 5 | 6 | -6 | 18 |
| Free Cash Flow | 0 | 11 | -2 | 9 | -0 |
| CFO/OP | -375% | 206% | 29% | 82% | 35% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 51 | 86 | 72 | 152 | 144 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 51 | 86 | 72 | 152 | 144 |
| Working Capital Days | 720 | -102 | 104 | 34 | 189 |
| ROCE % | 55% | 66% | 36% | 20% |
Documents
Announcements
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Investor Presentation
8 June 2026 - Investor presentation shares FY26 revenue ₹24.5 crore, PAT ₹11.4 crore, and airline partnerships.
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Press Release
5 June 2026 - FY26 revenue rose 21% to ₹2,451 lakh; PAT up 6%, DGCA approval, 2 A320neo FFS lease plans.
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Disclosure under SEBI Takeover Regulations
5 June 2026 - Rupal Sanjay Mandavia has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
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General Updates
30 May 2026 - Auditor certified IPO proceeds utilization for half year ended 31 March 2026; no deviation found.
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Structural Digital Database
30 May 2026 - Submitted SDD compliance certificate for FY2026; no non-compliances observed.
Annual reports
No data available.
Concalls
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Jun 2026TranscriptAI SummaryPPT
Business Profile[1]
Flywings is an aviation training infrastructure provider focused on Safety & Emergency Procedures (SEP) training for cabin crew and cockpit crew. Headquartered in Gurgaon, it operates on a B2B-heavy model serving India’s top scheduled airlines, regional carriers, and select non-scheduled operators. The company has delivered 20,000+ training modules over the last three years and has expanded into drone pilot training and pilot flying training through its subsidiary and associate.