Skyways Air Services Ltd
Incorporated in 1984, Skyways Air Services Limited (SASL) is a leading air freight forwarding and logistics company in India.[1]
- Market Cap ₹ 1,784 Cr.
- Current Price ₹ 123
- High / Low ₹ 136 / 119
- Stock P/E 76.5
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 14.4 %
- ROE 18.9 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%
Cons
- Earnings include an other income of Rs.23.6 Cr.
- Debtor days have increased from 61.2 to 90.1 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 1,365 | 1,128 | 932 | |
| 1,307 | 1,087 | 903 | |
| Operating Profit | 58 | 41 | 30 |
| OPM % | 4.3% | 3.7% | 3.2% |
| 7 | 11 | 24 | |
| Interest | 7 | 9 | 14 |
| Depreciation | 3 | 5 | 8 |
| Profit before tax | 55 | 38 | 31 |
| Tax % | 26% | 27% | 26% |
| 41 | 28 | 23 | |
| EPS in Rs | 1,861.97 | 266.10 | 22.34 |
| Dividend Payout % | 0% | 42% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Equity Capital | 2 | 10 | 10 |
| Reserves | 91 | 102 | 124 |
| 121 | 124 | 266 | |
| 168 | 118 | 192 | |
| Total Liabilities | 381 | 355 | 592 |
| 13 | 22 | 28 | |
| CWIP | 0 | 5 | 17 |
| Investments | 33 | 38 | 94 |
| 336 | 289 | 453 | |
| Total Assets | 381 | 355 | 592 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 44 | 44 | -15 | |
| -79 | -55 | -91 | |
| -0 | -16 | 126 | |
| Net Cash Flow | -35 | -27 | 21 |
| Free Cash Flow | 40 | 25 | -38 |
| CFO/OP | 100% | 138% | -45% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 53 | 41 | 90 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 53 | 41 | 90 |
| Working Capital Days | -13 | -5 | -13 |
| ROCE % | 21% | 14% |
Insights
In beta| Mar 2020 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Top 10 customer concentration % |
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| Cargo Volume metric tonnes |
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| Pharmaceutical logistics as % of revenue % |
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| Retail (direct customer) as % of revenue % |
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| Air freight as % of revenue % |
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| Number of countries with direct presence count |
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| Number of domestic branches count |
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| Wholesale sub-agency as % of revenue % |
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Extracted by Screener AI
Documents
Announcements
-
Closure of Trading Window
- Board meets 17 Sep 2026 for Q1 FY27 results, interim dividend, and overseas expansion discussions.
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Board Meeting Intimation for Considering Standalone And Consolidated Un-Audited Financial Results For The Quarter Ended 30Th June, 2026 And Interim Dividend
- Board meets 17 September 2026 to approve Q1 FY27 results, interim dividend, and overseas expansion plans.
- Corporate Action - Fixed Book Closure For Annual General Meeting
- Corporate Action - Fixed Record Date For Final Dividend
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Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
- Company intimates adoption of fair disclosure and insider trading policies under SEBI PIT regulations.
Business Overview:[1][2]
Skyways Air Services Ltd (SASL)
is an integrated logistics and freight-
forwarding company with a focus on
air cargo. The company has evolved
from a Custom House Agent into a
multi-modal logistics provider offering
air freight, ocean freight, road transportation, warehousing, customs broking, express cargo, and technology-enabled logistics solutions.