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Fly-Hi Maritime Travels Ltd (544904)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544904 NSE: Travel Services | | Fly-Hi Maritime Share Price

₹73.70 -3.85 (-4.96%)

As on 09-Sep'26 16:59

Fly-Hi Maritime Travels Ltd (544904)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544904 NSE: Travel Services | | Fly-Hi Maritime Share Price

₹73.70 -3.85 (-4.96%)

As on 09-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹110 Cr.
Current Price
₹73.7
52-Week Low / High
₹78 / 82
TTM EPS
₹2.4
TTM Sales
₹45.4 Cr.
Book Value per Share
₹11.7
P/E Ratio
31.94
In line with its 5-year historical median
Industry PE
39.8
Price to Book (P/B)
6.62
In line with its 5-year historical median
Price to Sales (P/S)
2.42
In line with its 5-year historical median
EV/EBITDA
20.13
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
44.08%
Outperforms industry median
Return on Capital Employed (ROCE)
35.50%
Outperforms industry median
Return on Assets (ROA)
17.45%
Operating Profit Margin
12%
Net Profit Margin
7.59%
Gross Profit Margin
11.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
0.71%
Operating Profit Growth (1 Year)
-
96.74%
Net Profit Growth (1 Year)
-
89.01%
Asset Quality
Promoter Holding
%
Pledged shares (%) of Promoter's holding (%)
%
Reserves
₹10 Cr.
Equity
₹7.1 Cr.
Face Value
₹5
All Time Low / High
- / -

Fly-Hi Maritime Travels stock performance

Key Ratios
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Valuation

Overvalued

Price Trend

Weak
Q.1 Is Fly-Hi Maritime Travels Ltd a good quality company?
Fly-Hi Maritime Travels Ltd is a weak quality company, based on a inconsistent 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.

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.

How does Fly-Hi Maritime Travels Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Fly-Hi Maritime Travels Ltd vs industry peers?
Fly-Hi Maritime Travels Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 38.11%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Fly-Hi Maritime Travels Ltd?
Promoters hold % of the Fly-Hi Maritime Travels Ltd, with % of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Fly-Hi Maritime Travels Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Fly-Hi Maritime Travels Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'23Mar'24Mar'25TTM
ROCE % 85.1%32.6%35.5%-
Value Creation
Index
5.11.31.5-

Growth Parameters

Sales 4845.145.445
Sales YoY Gr.--6.1%0.7%-
Adj EPS 4.12.23.42.4
YoY Gr.--47.8%59.3%-
BVPS (₹) 4.56.19.511.7
Adj Net
Profit
4.22.23.53
Cash Flow from Ops. 3.50.43.8-
Debt/CF from Ops. 0.812.12.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANANA0.7%
Adj EPS NANANA59.3%
BVPSNANANA56.6%
Share Price - - - -

Key Financial Parameters

Mar'23Mar'24Mar'25TTM
Return on
Equity %
92.140.944.222.9
Op. Profit
Mgn %
12.37.212NAN
Net Profit
Mgn %
8.64.87.67.6
Debt to
Equity
0.60.81.1-
Working Cap
Days
0941080
Cash Conv.
Cycle
030540

Valuation of Fly-Hi Maritime - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Financials

PARTICULARSMar'23Mar'24Mar'25
Sales484545
Operating Expenses + 424240
Manufacturing Costs000
Material Costs353533
Employee Cost 344
Other Costs 443
Operating Profit 635
Operating Profit Margin (%) 12.3%6.1%12.0%
Other Income + 000
Exceptional Items 000
Interest 001
Depreciation 000
Profit Before Tax 635
Tax 211
Profit After Tax 423
PAT Margin (%) 9.0%4.0%7.6%
Adjusted EPS (₹)4.31.83.4
Dividend Payout Ratio (%)0%0%0%
PARTICULARSMar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 5610
Share Capital 000
Reserves 4610
Debt +359
Long Term Debt124
Short Term Debt235
Minority Interest000
Trade Payables541
Others Liabilities 223
Total Liabilities 141623

Fixed Assets

Net Fixed Assets +012
Gross Block013
Accumulated Depreciation000
CWIP 002
Investments 000
Inventories000
Trade Receivables81010
Cash Equivalents 334
Others Assets 335
Total Assets 141623
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity + 304
PBT 635
Adjustment 001
Changes in Working Capital -1-1-0
Tax Paid -2-1-1
Cash Flow From Investing Activity + 0-1-5
Capex -0-1-4
Net Investments 000
Others 00-1
Cash Flow From Financing Activity + -002
Net Proceeds from Shares 000
Net Proceeds from Borrowing -012
Interest Paid -0-0-1
Dividend Paid 000
Others -0-0-0
Net Cash Flow 3-01
PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)96.234.3944.08
ROCE (%)85.1132.5735.5
Asset Turnover Ratio3.392.942.3
PAT to CFO Conversion(x)0.7501.33
Working Capital Days
Receivable Days60.5071.1077.80
Inventory Days000
Payable Days56.3048.1027.40

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Announcements

Fly-Hi Maritime Travels Ltd FAQs

The current trading price of Fly-Hi Maritime on 09-Sep-2026 16:59 is ₹73.70.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Sep-2026 the market cap of Fly-Hi Maritime stood at ₹110.0 Cr

The latest P/E ratio of Fly-Hi Maritime as of 08-Sep-2026 is 31.94.

The latest P/B ratio of Fly-Hi Maritime as of 08-Sep-2026 is 6.62.

The 52-week high of Fly-Hi Maritime is ₹81.60 and the 52-week low is ₹77.55.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fly-Hi Maritime is ₹45.40 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Fly-Hi Maritime Travels Ltd is a below average quality company.

The key valuation ratios of Fly-Hi Maritime Travels Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Fly-Hi Maritime Travels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Fly-Hi Maritime Travels Ltd

Fly-Hi Maritime Travels was originally incorporated as a Private Limited Company under the name of ‘Fly-Hi Maritime Travels Private Limited’ on September 29, 2021 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Further the company was converted into Public Limited pursuant to resolution passed by its shareholders at Extra ordinary general meeting held on December 05, 2025 name of the company was changed from ‘Fly-Hi Maritime Travels Private Limited’ to ‘Fly-Hi Maritime Travels Limited’ and a fresh Certificate of Incorporation pursuant to conversion into Public Limited dated December 08, 2025 issued by the Registrar of Companies, Central Processing Centre. 

It manages end to end travel arrangements for crew of commercial shipping companies, ensuring that the crew members move seamlessly from their home country to the port of boarding. It manages their airline tickets, ground travel, hotel stay, visa application etc until they reach the desired port of boarding. Every movement of the crew members directly impacts the vessel schedules, compliances and operations. Its role is to absorb this complexity on behalf of shipping companies by planning and making end to end travel arrangements for the crew members and by offering them 24/7 support during their travel from their home country to the port of boarding. Modern shipping fleets operate with crew of mixed nationalities and therefore each crew member has to have a tailor made travel itinerary to ensure their arrival to the port of boarding as per the desired time and schedule. It works with commercial shipping companies to move their crew from more than countries to the port of boarding. It has commercial shipping companies as its customers from more than 6 countries.

The company has a centralized operational model driven by a lean and efficient team. It arranges supply of hotels, airlines, car rentals, transfer providers, cruise companies and other via direct connectivity or through third party aggregators. It has appointed a distributor in UAE to manage a few customers based in foreign countries due to their international requirements. Its customers include a few marquee names in the commercial shipping industry. It is an International Air Transport Association (IATA) accredited company.

Business area of the company

The company is a travel management company into the business of providing end to end travel logistic solutions. It manages end to end travel arrangements for crew of commercial shipping companies, ensuring that the crew members move seamlessly from their home country to the port of boarding.

Awards and recognitions

  • Recognized as a Startup by Department of Promotion of Industry and Internal Trade (DPIIT) on September 29, 2021.
  • Certificate of Accreditation received from the International Air Transport Association (IATA).

History and milestones

  • 2021: Incorporation of the company as Private limited Company under the provisions of Companies Act, 2013. 
  • 2025: Conversion of the company from Private Limited to Public Limited Company and consequent change in the name of company from ‘Fly-Hi Maritime Travels Private Limited’ to ‘Fly-Hi Maritime Travels Limited’.

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