FlySBS Aviation Ltd.
•₹ 554.6-3.54%
2026-08-21
PROS
- Company has a healthy return on capital (ROCE) of 38.3%
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.4%
- Operating margins have improved to 20.6% from 6.2%
- Company comfortably covers its interest (19.6x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Receivables are growing faster than sales - a possible quality concern
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.11x)
- Total debt has risen sharply - up 601.4% year on year
- Equity base is being diluted - shares outstanding up 537.3%
- Working capital days have increased from 80 to 164 days
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | INDIGO | 5175.00 | 0.00 | 200099.96 | 0.00 | -238.00 | -110.94 | 24584.10 | 19.94 | 39.95 | 13.29 |
| 2. | RAYMOND | 630.95 | 113.28 | 4200.47 | 0.00 | 30.85 | -99.94 | 605.61 | 15.51 | -0.54 | 12.72 |
| 3. | SPICEJET | 10.77 | 0.00 | 1643.61 | 0.00 | -261.70 | -1390.90 | 1345.47 | 14.14 | 0.00 | -16.38 |
| 4. | TAALTECH | 4194.05 | 20.93 | 1307.01 | 1.55 | 19.43 | 41.73 | 64.81 | 41.60 | 33.33 | 34.03 |
| 5. | FLYSBS | 579.10 | 0.00 | 1002.06 | 0.00 | — | — | — | — | 34.67 | — |
| 6. | TANAA | 310.65 | 41.68 | 792.17 | 0.80 | 5.74 | 62.05 | 10.31 | 21.04 | 15.52 | 72.30 |
| 7. | GLOBALVECT | 149.00 | 0.00 | 208.60 | 0.00 | -11.85 | -25.64 | 130.71 | 1.05 | 28.74 | 8.85 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
No standalone quarterly results found
We don't have this information yet. Please check back later.
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 27 | 34 | 106 | 194 | |
| 26 | 29 | 92 | 154 | |
| Operating Profit | 2 | 5 | 15 | 41 |
| OPM % | 6 | 15 | 14 | 21 |
| Other Income | 1 | 1 | 0 | 1 |
| Interest | 0 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 |
| 1 | 4 | 14 | 39 | |
| Tax % | 27 | 16 | 19 | 27 |
| Net Profit | 1 | 3 | 11 | 28 |
| EPS | 1 | 4 | 35 | 22 |
| Dividend Payout % | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 5 | 12 | 22 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 5 | 12 | 22 |
Mar 2022
- 27
- 26
- Operating Profit
- 2
- OPM %
- 6
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 27
- Net Profit
- 1
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2023
- 34
- 29
- Operating Profit
- 5
- OPM %
- 15
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 4
- Tax %
- 16
- Net Profit
- 3
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 106
- 92
- Operating Profit
- 15
- OPM %
- 14
- Other Income
- 0
- Interest
- 1
- Depreciation
- 0
- 14
- Tax %
- 19
- Net Profit
- 11
- EPS
- 35
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2025
- 194
- 154
- Operating Profit
- 41
- OPM %
- 21
- Other Income
- 1
- Interest
- 2
- Depreciation
- 0
- 39
- Tax %
- 27
- Net Profit
- 28
- EPS
- 22
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 92%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 205%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 33%
- Last Year:
- 26%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| LIABILITIES | - | - | - | - |
| Equity Capital | 2 | 2 | 3 | 13 |
| 3 | 10 | 63 | 138 | |
| 2 | 3 | 1 | 10 | |
| Trade Payables | 2 | 2 | 1 | 4 |
| 5 | 3 | 9 | 28 | |
| Total Liabilities | 12 | 20 | 77 | 192 |
| ASSETS | - | - | - | - |
| 0 | 0 | 5 | 5 | |
| 0 | 0 | 7 | 9 | |
| 0 | 0 | 7 | 21 | |
| Cash & Bank | 0 | 3 | 8 | 50 |
| 12 | 18 | 50 | 107 | |
| Total Assets | 12 | 20 | 77 | 192 |
| Total Debt | 5 | 3 | 3 | 18 |
| Net Working Capital | 2 | 4 | 23 | 87 |
| Contingent Liabilities | 0 | 0 | 0 | 1 |
| Book Value per Share | 19.75 | 52.72 | 206.36 | 117.97 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 5 | 3 | 3 | 18 |
| Net Working Capital | 2 | 4 | 23 | 87 |
| Contingent Liabilities | 0 | 0 | 0 | 1 |
| Book Value per Share | 19.75 | 52.72 | 206.36 | 117.97 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2022
- Equity Capital
- 2
- 3
- 2
- Trade Payables
- 2
- 5
- Total Liabilities
- 12
- 0
- 0
- 0
- Cash & Bank
- 0
- 12
- Total Assets
- 12
- Total Debt
- 5
- Net Working Capital
- 2
- Contingent Liabilities
- 0
- Book Value per Share
- 19.75
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 2
- Contingent Liabilities
- 0
- Book Value per Share
- 19.75
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 2
- 10
- 3
- Trade Payables
- 2
- 3
- Total Liabilities
- 20
- 0
- 0
- 0
- Cash & Bank
- 3
- 18
- Total Assets
- 20
- Total Debt
- 3
- Net Working Capital
- 4
- Contingent Liabilities
- 0
- Book Value per Share
- 52.72
- Face Value
- 10.00
- Total Debt
- 3
- Net Working Capital
- 4
- Contingent Liabilities
- 0
- Book Value per Share
- 52.72
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 3
- 63
- 1
- Trade Payables
- 1
- 9
- Total Liabilities
- 77
- 5
- 7
- 7
- Cash & Bank
- 8
- 50
- Total Assets
- 77
- Total Debt
- 3
- Net Working Capital
- 23
- Contingent Liabilities
- 0
- Book Value per Share
- 206.36
- Face Value
- 10.00
- Total Debt
- 3
- Net Working Capital
- 23
- Contingent Liabilities
- 0
- Book Value per Share
- 206.36
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 13
- 138
- 10
- Trade Payables
- 4
- 28
- Total Liabilities
- 192
- 5
- 9
- 21
- Cash & Bank
- 50
- 107
- Total Assets
- 192
- Total Debt
- 18
- Net Working Capital
- 87
- Contingent Liabilities
- 1
- Book Value per Share
- 117.97
- Face Value
- 10.00
- Total Debt
- 18
- Net Working Capital
- 87
- Contingent Liabilities
- 1
- Book Value per Share
- 117.97
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 1 | 4 | 1 | 0 | |
| Cash from Investing | -1 | -2 | -37 | -28 |
| Cash from Financing | -0 | 1 | 42 | 69 |
| 0 | 2 | 6 | 41 | |
| Free Cash Flow | 1 | 4 | -4 | -0 |
| OCF / Net Profit | 0.73 | 1.02 | 0.11 | 0.00 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 |
| OCF / Net Profit | 0.73 | 1.02 | 0.11 | 0.00 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 |
Mar 2022
- 1
- Cash from Investing
- -1
- Cash from Financing
- -0
- 0
- Free Cash Flow
- 1
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
Mar 2023
- 4
- Cash from Investing
- -2
- Cash from Financing
- 1
- 2
- Free Cash Flow
- 4
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 0
Mar 2024
- 1
- Cash from Investing
- -37
- Cash from Financing
- 42
- 6
- Free Cash Flow
- -4
- OCF / Net Profit
- 0.11
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.11
- Cumulative 5-Year FCF
- 0
Mar 2025
- 0
- Cash from Investing
- -28
- Cash from Financing
- 69
- 41
- Free Cash Flow
- -0
- OCF / Net Profit
- 0.00
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.00
- Cumulative 5-Year FCF
- 0
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| PER SHARE | - | - | - | - |
| EPS (₹) | 5.02 | 16.00 | 35.04 | 22.28 |
| Book Value (₹) | 19.75 | 52.72 | 206.36 | 117.97 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.69 | 5.35 | 11.96 | 22.53 |
| PROFITABILITY | - | - | - | - |
| Operating Margin % | 6.22% | 15.33% | 13.86% | 20.59% |
| Net Margin % | 3.68% | 10.09% | 10.56% | 14.65% |
| ROE % | 25.40% | 45.02% | 29.00% | 26.23% |
| ROCE % | 19.79% | 44.99% | 35.25% | 34.67% |
| 8.09% | 21.17% | 23.13% | 21.12% | |
| EFFICIENCY | - | - | - | - |
| Debtor Days | 80 | 64 | 22 | 26 |
| Inventory Days | 0 | 0 | 23 | 15 |
| Payable Days | 0 | 0 | 0 | 0 |
| 80 | 64 | 45 | 41 | |
| FINANCIAL HEALTH | - | - | - | - |
| Debt to Equity (x) | 1.15x | 0.30x | 0.04x | 0.12x |
| Interest Coverage (x) | 5.56x | 4.74x | 18.41x | 19.58x |
| 1.46x | 1.53x | 3.63x | 3.72x | |
| GROWTH | - | - | - | - |
| Revenue Growth % | 0.00% | 25.22% | 212.21% | 82.08% |
| Operating Profit Growth % | 0.00% | 208.86% | 186.68% | 176.29% |
| Net Profit Growth % | 0.00% | 243.00% | 226.95% | 152.52% |
| 0.00% | 0.00% | 118.97% | -36.41% | |
| VALUATION | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | -0.17x | -0.46x |
Mar 2022
- EPS (₹)
- 5.02
- Book Value (₹)
- 19.75
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.69
- Operating Margin %
- 6.22%
- Net Margin %
- 3.68%
- ROE %
- 25.40%
- ROCE %
- 19.79%
- 8.09%
- Debtor Days
- 80
- Inventory Days
- 0
- Payable Days
- 0
- 80
- Debt to Equity (x)
- 1.15x
- Interest Coverage (x)
- 5.56x
- 1.46x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 16.00
- Book Value (₹)
- 52.72
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.35
- Operating Margin %
- 15.33%
- Net Margin %
- 10.09%
- ROE %
- 45.02%
- ROCE %
- 44.99%
- 21.17%
- Debtor Days
- 64
- Inventory Days
- 0
- Payable Days
- 0
- 64
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 4.74x
- 1.53x
- Revenue Growth %
- 25.22%
- Operating Profit Growth %
- 208.86%
- Net Profit Growth %
- 243.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 35.04
- Book Value (₹)
- 206.36
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 11.96
- Operating Margin %
- 13.86%
- Net Margin %
- 10.56%
- ROE %
- 29.00%
- ROCE %
- 35.25%
- 23.13%
- Debtor Days
- 22
- Inventory Days
- 23
- Payable Days
- 0
- 45
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 18.41x
- 3.63x
- Revenue Growth %
- 212.21%
- Operating Profit Growth %
- 186.68%
- Net Profit Growth %
- 226.95%
- 118.97%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- -0.17x
Mar 2025
- EPS (₹)
- 22.28
- Book Value (₹)
- 117.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 22.53
- Operating Margin %
- 20.59%
- Net Margin %
- 14.65%
- ROE %
- 26.23%
- ROCE %
- 34.67%
- 21.12%
- Debtor Days
- 26
- Inventory Days
- 15
- Payable Days
- 0
- 41
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 19.58x
- 3.72x
- Revenue Growth %
- 82.08%
- Operating Profit Growth %
- 176.29%
- Net Profit Growth %
- 152.52%
- -36.41%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- -0.46x
Documents
Announcements
Nothing filed yet.
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Jan 2026