FLYSBS

FlySBS Aviation Limited

Listed company · ISIN INE0VCK01011 · NSE SM · FV ₹10
Last price
₹540
-1.49%today
What this company does

FlySBS Aviation Limited is a listed company. It booked ₹181 cr of revenue in its latest half year (H2 FY26) and kept 20.4% of sales as profit.

63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 655–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
35

At close. Not part of the score.

Profitability & returns87

How much profit it earns on the money it employs

Balance sheet73

How much it owes, and whether earnings cover the interest

Cash quality40

Whether reported profit actually arrives as cash

Valuation15

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 20% net margin
✓ No promoter shares pledged
✓ Strong 25% return on equity
Watch-outs
None flagged from our data

What if I invest in FLYSBS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹540▼ -1.49%
latest close · 2026-11-04
52-wk low ₹40874 sessions so far52-wk high ₹720
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.5Low
LowAverageHigh
P/B ratio3.15High
Below bookModerateHigh
EV / EBITDA8.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity24.9%Strong
WeakFairStrong ▸15%
Return on capital32.4%Strong
WeakFairStrong
Net margin20.4%Strong
ThinDecentStrong
EBITDA margin28.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.12Comfortable
LowModerateHigh ▸1
Interest cover28.0×Strong
RiskyOkayStrong ▸5×
Current ratio2.26Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹934 cr
Book value
₹171
EPS
₹23.55
latest half year
Net debt
₹-29 cr
more cash than debt
Enterprise value
₹906 cr
EBITDA
₹103 cr
annualised
EBIT
₹103 cr
annualised
Operating margin
28.4%
Return on assets
18.9%
Earnings yield
8.72%
P/S
2.58
Sales / share
₹209.1
Tax rate
25.4%
Face value
₹10
Shares
1.7 cr
Working capital
₹94 cr
Current assets
₹168 cr
Current liabilities
₹74 cr
Delivery %
75.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹252 vs market price ₹540 — price is 115% above it
Safety cushion-114.7%(target ≥ +20%)
Models span ₹117–₹284, midpoint ₹252
Model ₹252
Price ₹540
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹181 cr
Other Income₹14 cr
Total Income₹195 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹3 cr
Finance Costs₹2 cr
Other Expenses₹140 cr
Total Expenses₹145 cr
Profit before Tax₹50 cr
Tax Expense₹13 cr
Net Profit₹37 cr
Net margin on total income19.0%
Where the money goes · H2 FY26
% of total income
Employee benefit expense₹3 cr1.7%
Finance costs₹2 cr0.9%
Other expenses₹140 cr71.9%
Tax expense₹13 cr6.5%
Profit for the period₹37 cr19.0%
Total income ₹195 cradds up to ₹100 ✓
Half-yearly results · consolidated (₹ cr)
MetricH2 FY25H1 FY26H2 FY26
Revenue0 cr138 cr181 cr
Total income0 cr140 cr195 cr
Expenses0 cr108 cr145 cr
Profit before tax0 cr31 cr50 cr
Tax0 cr8 cr13 cr
Net profit (owners' share)0 cr24 cr37 cr
Net margin (owners' share, on revenue)—17.3%20.4%
EPS (₹)0.0016.8623.55
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹392 cr
Shareholder equity
₹296 cr
parent shareholders
Total debt
₹37 cr
Cash
₹65 cr
Who owns it · 2026-09-30
No pledge
Promoter
32.5%
FII / Foreign
2.3%
DII / Domestic
0.8%
Retail / others
64.5%
Smart-money activity
Bulk / block deals
SoldVIJAY MANOHAR MAKHIJA · NSE1.64 L @ ₹443.2714 Aug 26
BoughtSEEMA DILIP VORA · NSE1.32 L @ ₹443.714 Aug 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2026
See the official result
1
1 - To adopt the audited Financial Statements, Board’s Report, and Auditor’s Report as an Ordinary Resolution.
Backed by 96% of shareholders other than promotersneeded 50%
18.90 L votes for, 83,000 against
2
2 - To reappoint Mr. Kannan Ramakrishnan, Non-Executive Director (DIN: 08202306) who retires by rotation, and being eligible offers himself for reappointment as an Ordinary Resolution.
Promoters had a personal stake in this
Backed by 96% of shareholders other than promotersneeded 50%
18.90 L votes for, 83,000 against
3
3 - To appoint Ms. S.A.E. and Associates LLP, Practising Company Secretaries, as Secretarial Auditors of the Company as an Ordinary Resolution.
Backed by 96% of shareholders other than promotersneeded 50%
18.90 L votes for, 83,000 against
4
4 - To increase the Borrowing Powers of the Company up to Rs. 500 crores as a Special Resolution.
Backed by 96% of shareholders other than promotersneeded 75%
18.90 L votes for, 83,000 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 41 named members
owning 32.5% between them · as of 2026-09-30
Shreshtha Business Solutions Llp12.91%
Deepak Parasuraman11.40%
Kishan Raj Jain B . .6.77%
R Kannan1.14%
Ambashankar R0.25%
Adhithya Kannanno shares
Afcom Holdings Limitedno shares
Akash Amba Shankarno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹103 cr raised in Aug 2025 by selling shares to the public

The company has not broken this money down into purposes in its filing for Sep 2025, so there is nothing to measure it against yet. Care Ratings Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.