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 ₹ 1,646 Cr.
- Current Price ₹ 113
- High / Low ₹ 137 / 107
- Stock P/E 30.8
- Book Value ₹
- Dividend Yield 0.57 %
- ROCE 13.2 %
- ROE 14.0 %
- Face Value ₹ 10.0
Pros
Cons
* 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
Services Services Transport Services Logistics Solution Provider
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 1,670 | 1,485 | 1,289 | 2,248 | 2,813 | |
| 1,595 | 1,419 | 1,240 | 2,160 | 2,684 | |
| Operating Profit | 75 | 65 | 49 | 88 | 129 |
| OPM % | 4.5% | 4.4% | 3.8% | 3.9% | 4.6% |
| 6 | 12 | 28 | 23 | 26 | |
| Interest | 9 | 13 | 20 | 30 | 50 |
| Depreciation | 5 | 7 | 9 | 14 | 17 |
| Profit before tax | 68 | 57 | 48 | 67 | 88 |
| Tax % | 27% | 29% | 29% | 28% | 28% |
| 50 | 41 | 34 | 48 | 64 | |
| EPS in Rs | 2,264.17 | 388.85 | 29.94 | 3.48 | 3.52 |
| Dividend Payout % | 0% | 29% | 5% | 23% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 0% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 18% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 2 | 10 | 10 | 112 | 116 |
| Reserves | 99 | 121 | 144 | 135 | 216 |
| 163 | 175 | 361 | 565 | 627 | |
| 195 | 138 | 216 | 510 | 549 | |
| Total Liabilities | 460 | 444 | 731 | 1,322 | 1,508 |
| 39 | 54 | 0 | 223 | 237 | |
| CWIP | 6 | 17 | 0 | 60 | 90 |
| Investments | 0 | 0 | 20 | 28 | 29 |
| 415 | 374 | 711 | 1,011 | 1,152 | |
| Total Assets | 460 | 444 | 731 | 1,322 | 1,508 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 5 | 69 | -9 | 2 | 114 | |
| 21 | -76 | -131 | -152 | -179 | |
| 27 | -9 | 155 | 221 | 52 | |
| Net Cash Flow | 53 | -15 | 15 | 71 | -14 |
| Free Cash Flow | 18 | 36 | -65 | -57 | 55 |
| CFO/OP | 43% | 132% | -1% | 35% | 109% |
Ratios
Consolidated / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 56 | 38 | 90 | 74 | 75 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 56 | 38 | 90 | 74 | 75 |
| Working Capital Days | -9 | -5 | -14 | -13 | -5 |
| ROCE % | 24% | 16% | 13% | 13% |
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
- Shareholder Meeting / Postal Ballot-Outcome of AGM
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Disclosure Under Regulation 30 Of SEBI (Listing Obligations & Disclosure) Regulations, 2015 - Skyways Air Services' Vietnam Overseas Office Received Air India Cargo Appreciation Award Across Two Stations: Ho Chi Minh City And Hanoi
- Vietnam office received Air India Cargo appreciation award across Ho Chi Minh City and Hanoi.
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Closure of Trading Window
- Trading window closes from October 1, 2026 for Q2 and half-year results ending September 30, 2026.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Transcript of Earnings Conference Call pertaining to the Unaudited Financial Results for the quarter ended June 30, 2026.
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Disclosure Under Regulation 30 Of SEBI (Listing Obligations & Disclosure) Regulations, 2015 - Appreciation Award From Air India Cargo In Vietnam
- Skyways Air Services received an appreciation award from Air India Cargo in Vietnam.
Concalls
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Sep 2026Transcript PPT REC
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.