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FlySBS Aviation Ltd (FLYSBS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: FLYSBS Airlines | Small Cap | FlySBS Aviation Share Price

BSE Share Price
Not Listed

FlySBS Aviation Ltd (FLYSBS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: FLYSBS Airlines | Small Cap | FlySBS Aviation Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹841 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹35.1
TTM Sales
₹319 Cr.
Book Value per Share
₹116.2
P/E Ratio
13.83
Lower than its 5-year historical median
Industry PE
21.5
Price to Book (P/B)
4.18
Lower than its 5-year historical median
Price to Sales (P/S)
2.64
Lower than its 5-year historical median
EV/EBITDA
9.54
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
26.23%
Outperforms industry median
Return on Capital Employed (ROCE)
34.67%
Outperforms industry median
Return on Assets (ROA)
21.12%
Operating Profit Margin
20.6%
Net Profit Margin
14.65%
Gross Profit Margin
20.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
82.08%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
170.64%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
152.53%
Asset Quality
Promoter Holding
32.47%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹184 Cr.
Equity
₹17.3 Cr.
Face Value
₹10
All Time Low / High
- / -

FlySBS Aviation stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 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.

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 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.
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.
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.

10 Year X-Ray : Login to view analysis.

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.
FlySBS Aviation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 19.8%45%35.3%34.7%-
Value Creation
Index
0.42.21.51.5-

Growth Parameters

Sales 27.234.1106194319
Sales YoY Gr.-25.2%212.2%82.1%-
Adj EPS 1.5511.52235.1
YoY Gr.-229.1%131.6%90.7%-
BVPS (₹) 6.617.668.8118116.2
Adj Net
Profit
0.93.211.12861
Cash Flow from Ops. 0.73.51.20-
Debt/CF from Ops. 6.212.11572.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA92.4%82.1%
Adj EPS NANA144.1%90.7%
BVPSNANA161.7%71.5%
Share Price - - - -

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2039.428.425.830
Op. Profit
Mgn %
4.313.613.920.6NAN
Net Profit
Mgn %
3.39.410.414.419.1
Debt to
Equity
1.20.300.1-
Working Cap
Days
01541381880
Cash Conv.
Cycle
04128350

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales2734106194
Operating Expenses + 262992154
Manufacturing Costs252889144
Material Costs0000
Employee Cost 0114
Other Costs 1125
Operating Profit 151540
Operating Profit Margin (%) 4.0%14.0%14.0%21.0%
Other Income + 1101
Exceptional Items 0000
Interest 0112
Depreciation 0000
Profit Before Tax 141439
Tax 01311
Profit After Tax 131128
PAT Margin (%) 3.7%10.1%10.6%14.7%
Adjusted EPS (₹)1.75.311.722.3
Dividend Payout Ratio (%)0%0%0%0%

Valuation of FlySBS Aviation - 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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 51266150
Share Capital 22313
Reserves 31063138
Debt +53217
Long Term Debt3018
Short Term Debt23110
Minority Interest0000
Trade Payables2214
Others Liabilities 23820
Total Liabilities 122077192

Fixed Assets

Net Fixed Assets +0055
Gross Block0066
Accumulated Depreciation0001
CWIP 0000
Investments 0000
Inventories0079
Trade Receivables66721
Cash Equivalents flag 03850
Others Assets 61250107
Total Assets 122077192

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1410
PBT 141439
Adjustment 0112
Changes in Working Capital -1-1-14-38
Tax Paid 0-0-0-3
Cash Flow From Investing Activity + -1-2-37-28
Capex 00-5-1
Net Investments 0000
Others -1-2-32-27
Cash Flow From Financing Activity + -014269
Net Proceeds from Shares 044356
Net Proceeds from Borrowing -0-207
Interest Paid -0-1-1-2
Dividend Paid 0000
Others 11-18
Net Cash Flow 02641

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)25.445.022926.23
ROCE (%)19.7944.9935.2534.67
Asset Turnover Ratio2.22.12.191.44
PAT to CFO Conversion(x)11.330.090
Working Capital Days
Receivable Days8063.9021.5025.90
Inventory Days002314.70
Payable Days0000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

FlySBS Aviation Ltd FAQs

The current trading price of FlySBS Aviation on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of FlySBS Aviation stood at ₹840.7 Cr

The latest P/E ratio of FlySBS Aviation as of 31-Dec-1969 is 13.83.

The latest P/B ratio of FlySBS Aviation as of 31-Dec-1969 is 4.18.

The 52-week high of FlySBS Aviation is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of FlySBS Aviation is ₹319 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that FlySBS Aviation Ltd is a average quality company.

The key valuation ratios of FlySBS Aviation Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of FlySBS Aviation Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About FlySBS Aviation Ltd

FlySBS Aviation Limited was originally incorporated as ‘FlySBS Aviation Private Limited’ a private limited company under the Companies Act, 2013 and received a certificate of incorporation from the Registrar of Companies, Central Registration Centre dated August 07, 2020. Subsequently, the name of the company was changed from ‘FlySBS Aviation Private Limited’ to ‘FlySBS Aviation Limited’, consequent to conversion of the company from private limited company to public limited company, pursuant to special resolution passed by the shareholders of the company in the Extra-ordinary General Meeting held on August 31, 2024 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Central Registration Centre dated October 29, 2024.

The company is engaged in the business of providing private, non-scheduled air charter services from India, focusing on delivering seamless air travel solutions to elite clientele. It is Directorate General of Civil Aviation, Government of India (DGCA) approved Non-Scheduled Airline Operator holding a valid Air Operator Permit. Its customer base includes entrepreneurs, senior corporate executives, politicians, diplomats, celebrities, and other VIPs, all of whom require tailored services to meet their specific travel needs. These demands often encompass flexible flight schedules, access to exclusive destinations, premium luxury amenities, privacy, and stringent security protocols. Its charter services cater to a range of specific travel needs, such as direct travel convenience, multi-destination within tight timeframes, or access to locations lacking commercial flight connectivity. Additionally, its services are frequently sought for critical purposes like medical emergencies, key business meetings, promotional events, and other high-priority engagements.

The company provides private air-chartering services in India. It offers comprehensive air chartering services, operating dynamically across domestic and international routes. It has successfully flown clients to diverse destinations worldwide. This includes routes to the far east in Japan, the Middle East, New Zealand, the Arctic regions of Europe and North America, and as far as Mauritania in Africa. Its operational reach demonstrates its ability to connect clients with a wide array of global destinations, fulfilling their unique travel requirements.

Business area of the company

The company provides private air-chartering services in India. It offers comprehensive air chartering services, operating dynamically across domestic and international routes. 

Awards and accreditations

  • 2024: Tamil Nadu Business Excellence Award for Best Luxury Private Jet Experience (Presented by the SwiftNLift Media Group).

History and milestones

  • 2020: Incorporation of the company.
  • 2020: Entered into wet lease arrangement with a global lessor and commenced flight operations.
  • 2020: Started offering exclusive chartering services.
  • 2022: Undertook first international charter.
  • 2022: Achieved a base of 25 unique clientele.
  • 2023: Inducted Embraer Legacy 600 aircraft in the fleet under long term dry lease arrangement.
  • 2023: Awarded an Air Operator Permit under NSOP category from the DGCA.
  • 2023: Embarked the first international flight on Embraer Legacy 600 aircraft.
  • 2024: Achieved an annual turnover of Rs 100.00 crore in FY24.
  • 2024: Received ‘Continuing Airworthiness Management Organization Approval Certificate’ from the DGCA for being in compliance with CAR-M requirements.
  • 2024: Entered into an in-principle arrangement for inducting two 13-seater aircraft on long term dry lease arrangement with global lessors.
  • 2024: Conversion from a private limited company to a public limited company.

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