Check Before You Invest : FlySBS Aviation Ltd

Q: Which industry/sub-sector does FlySBS Aviation Ltd belong to?

FlySBS Aviation Ltd belongs to the Travel & Hospitality sector, operating specifically within the Airlines segment.

Q: Is FlySBS Aviation Ltd a good quality company?

FlySBS Aviation Ltd is a average quality company, based on a somewhat consistent multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is FlySBS Aviation Ltd undervalued or overvalued?

FlySBS Aviation Ltd appears Somewhat overvalued, as its key valuation ratios are higher than their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 24.79, Historic Median: 30.62. Price to Book, Current: 4.55, Historic Median: 5.52. Price to Sales, Current: 3.63, Historic Median: 4.49. EV to EBITDA, Current: 16.24, Historic Median: 20.23

Q: Is FlySBS Aviation Ltd a good buy now?

FlySBS Aviation Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of FlySBS Aviation Ltd?

FlySBS Aviation Ltd revenue growth is 82.1% for FY-2025, which is below its 3-year CAGR of 92.36%, indicating slower growth.

Q: Gross Profit margin of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Gross profit margin which is the profit after deduction of direct costs, is 20.3% for FY-2025, which is above its 3-year median of 13.3%, indicating increasing margins.

Q: Operating Profit Margin of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 20.6% for FY-2025, which is above its 3-year median of 13.86% indicating increasing margins.

Q: Net Profit Margin of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Net Profit Margin is 14.65% for FY-2025, is above its 3-year median of 10.56%, indicating increasing margins. Profitability Metrics. Gross Profit Margin (%), Current: 20.3, Historic Median: 13.3. Operating Profit Margin (%), Current: 20.6, Historic Median: 13.86. Net Profit Margin (%), Current: 14.65, Historic Median: 10.56

Q: Return on Asset of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Return on Asset is 21.12%, which is in line with its 3-year historical median of 21.17%, indicating stable asset utilization efficiency.

Q: Return on capital employed (ROCE) of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Return on capital employed is 34.67% for FY-2025, which is in line with its 3-year historical median of 35.25%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Check Before You Invest : FlySBS Aviation Ltd

Snapshot

Q.1 Which industry/sub-sector does FlySBS Aviation Ltd belong to?

FlySBS Aviation Ltd belongs to the Travel & Hospitality sector, operating specifically within the Airlines segment.

Q.2 Is FlySBS Aviation Ltd a good quality company?

FlySBS Aviation Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is FlySBS Aviation Ltd undervalued or overvalued?

FlySBS Aviation Ltd appears Somewhat overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	3-year Historic Median
Price to Earnings	24.79	30.62
Price to Book	4.55	5.52
Price to Sales	3.63	4.49
EV to EBITDA	16.24	20.23

Q.4 Is FlySBS Aviation Ltd a good buy now?

FlySBS Aviation Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of FlySBS Aviation Ltd?

FlySBS Aviation Ltd revenue growth is 82.1% for FY-2025, which is below its 3-year CAGR of 92.36%, indicating slower growth.

Q.2 Gross Profit margin of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Gross profit margin which is the profit after deduction of direct costs, is 20.3% for FY-2025, which is above its 3-year median of 13.3%, indicating increasing margins.

Q.3 Operating Profit Margin of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 20.6% for FY-2025, which is above its 3-year median of 13.86% indicating increasing margins.

Q.4 Net Profit Margin of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Net Profit Margin is 14.65% for FY-2025, is above its 3-year median of 10.56%, indicating increasing margins.

	Current Level	3-year Historic Median
Gross Profit Margin (%)	20.3	13.3
Operating Profit Margin (%)	20.6	13.86
Net Profit Margin (%)	14.65	10.56

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Return on Asset is 21.12%, which is in line with its 3-year historical median of 21.17%, indicating stable asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Return on capital employed is 34.67% for FY-2025, which is in line with its 3-year historical median of 35.25%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Q.7 Return on Equity (ROE) of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Return on equity is 26.23% for FY-2025, which is below its 3-year historical median of 29%, indicating the business is making worse use of its shareholders capital.

Q.8 Cash conversion cycle of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Cash conversion cycle is 35 days, in line with its 3-year historical median of 35 days, indicating stable working capital management. However, you need to compare this with its peers in the industry.

	Current Level	3-year Historic Median
Asset Turnover (x)	1.44	2.1
ROE (%)	26.23	29
ROCE (%)	34.67	35.25
Cash Conversion Cycle	35 days	35 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Debt-to-Equity ratio is 0.12, which is above the industry average of 0.10, indicating higher debt levels in the industry.

Q.10 Debt to cash flow from operations of FlySBS Aviation Ltd?

FlySBS Aviation Ltd Debt to cash flow from operations is 1572.52, which is at a unhealthy level.

Ownership & governance

D: Promoter shareholding and pledge status of FlySBS Aviation Ltd?

Q.1 Promoter shareholding and pledge status of FlySBS Aviation Ltd?

Promoters hold 32.47% of the FlySBS Aviation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does FlySBS Aviation Ltd performance compare with that of its Peers?

Q.1 Revenue growth of FlySBS Aviation Ltd vs industry peers?

FlySBS Aviation Ltd revenue CAGR is 92.36%, compared to the industry median CAGR of 4.6%, indicating faster growth and gaining its market share.

Profit Metrics

	Current Level	3-year Industry Median
Revenue Growth (%)	82.1	4.6
Gross Profit Growth (%)	178.6	-
Operating Profit Growth (%)	166.7	10.8
Net Profit Growth (%)	154.6	28.6

Operating Efficiency

	Current Level	3-year Industry Median
Asset Turnover (x)	1.44	0.66
ROE (%)	26.23	15.26
ROCE (%)	34.67	24.93
Cash Conversion Cycle (days)	34.92	17

Valuation & price assessment

Q.1 Stock return of FlySBS Aviation Ltd over the last decade?

Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	-	-	-	-

Q.2 Valuation ratios of FlySBS Aviation Ltd vs historical?

The current P/E ratio of 24.79 is lower than its historical median of 30.62, indicating that the stock is trading below its historical average valuation.

Q.3 How do the current valuation ratios compare with 3-year historical median and industry numbers?

Valuation Ratios	Current	3-year Historic Median	3-year Industry Median
Price to Earnings	24.79	30.62	54.42
Price to Book	4.55	5.52	6.09
Price to Sales	3.63	4.49	3.42
EV to EBITDA	16.24	20.23	9.04

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Check Before You Invest : FlySBS Aviation Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

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Check trending companies

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