Flywings Simulator Training Centre Ltd
Incorporated in 2011, Flywings Simulator Training Centre Limited is engaged in Aviation Training located in Gurgaon.[1]
- Market Cap ₹ 302 Cr.
- Current Price ₹ 297
- High / Low ₹ 310 / 145
- Stock P/E 27.4
- Book Value ₹ 88.1
- Dividend Yield 0.00 %
- ROCE 20.2 %
- ROE 17.2 %
- 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 97.2 days to 153 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 | |
| Sales growth | +621% | +119% | -11% | +21% | |
| 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 | -27.27 | 37.55 | 13.55 | 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: | 0% |
| 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 | 15 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 16 | 22 |
| 10 | 11 | 29 | 35 | 71 | |
| 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 | 5 | |
| 1 | -1 | -12 | -19 | -16 | |
| -1 | -5 | 16 | 4 | 29 | |
| Net Cash Flow | -0 | 5 | 6 | -6 | 18 |
| Free Cash Flow | 0 | 11 | -2 | 9 | 4 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -375% | 206% | 29% | 82% | 54% |
Ratios
Standalone / 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 | 153 |
| ROCE % | 55% | 66% | 36% | 20% |
Insights
In beta| Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cumulative Airline Clients count |
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| Number of Training Centres count |
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| Active Airline Contracts (TSAs) count |
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| Capacity Utilization % |
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| Cumulative Training Modules Delivered count |
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| Drone Students Trained per Year students |
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| Number of Full-Scale Simulators count |
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Extracted by Screener AI
Documents
Announcements
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General Updates
- Flywings launches open offer for 40,04,884 Shree OSFM shares at ₹61 after SPA for 72 lakh shares.
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Acquisition
- On Nov 12, 2026, Flywings agreed to acquire 46.74% of Shree OSFM E-Mobility for Rs61 per share.
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Outcome of Board Meeting
- Board approved issuance of 350 NCDs aggregating ₹35 crore at 16.5% for 18 months on November 7, 2026.
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Copy of Newspaper Publication
- Published EGM notice; meeting on 27 Nov 2026, remote voting 24-26 Nov, cut-off 20 Nov.
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Shareholders meeting
- EGM on November 27, 2026 to approve 29,87,760 warrants at Rs245, raising up to Rs73.2 crore.
Concalls
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Jul 2026Transcript PPT REC
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.