FWSTC

Flywings Simulator Training Centre Limited

Listed company · ISIN INE0SQZ01015 · NSE SM · FV ₹10
Last price
₹276
-1.69%today
What this company does

Flywings Simulator Training Centre Limited is a listed company. It booked ₹14 cr of revenue in its latest half year (H2 FY26) and kept 50.6% 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 438–2,932 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)
67

At close. Not part of the score.

Profitability & returns78

How much profit it earns on the money it employs

Balance sheet81

How much it owes, and whether earnings cover the interest

Cash quality37

Whether reported profit actually arrives as cash

Valuation44

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

Governance & risk61

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
A mixed picture
Strengths
✓ Makes a profit
✓ Strong 51% net margin
✓ Promoters hold 60%
✓ Strong 18% return on equity
Watch-outs
! 24.2% of promoter stake pledged

What if I invest in FWSTC?

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 We do not publish price targets or predict returns.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
₹276▼ -1.69%
latest close · 2026-11-04
52-wk low ₹15265 sessions so far52-wk high ₹301
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 ratio19.4Average
LowAverageHigh
P/B ratio3.53High
Below bookModerateHigh
EV / EBITDA13.4Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity18.2%Strong
WeakFairStrong ▸15%
Return on capital20.6%Strong
WeakFairStrong
Net margin50.6%Strong
ThinDecentStrong
EBITDA margin69.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.14Comfortable
LowModerateHigh ▸1
Interest cover196.1×Strong
RiskyOkayStrong ▸5×
Current ratio4.43Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹281 cr
Book value
₹78
EPS
₹7.13
latest half year
Net debt
₹-13 cr
more cash than debt
Enterprise value
₹268 cr
EBITDA
₹20 cr
annualised
EBIT
₹20 cr
annualised
Operating margin
69.9%
Return on assets
13.4%
Earnings yield
5.17%
P/S
9.80
Sales / share
₹28.2
Tax rate
24.8%
Face value
₹10
Shares
1.0 cr
Working capital
₹36 cr
Current assets
₹47 cr
Current liabilities
₹11 cr
Delivery %
60.5%
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
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹60–₹83, midpoint ₹72

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₹14 cr
Other Income₹1 cr
Total Income₹15 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹2 cr
Finance Costs₹5.1 L
Other Expenses₹3 cr
Total Expenses₹6 cr
Profit before Tax₹10 cr
Tax Expense₹2 cr
Net Profit₹7 cr
Net margin on total income47.2%
Where the money goes · H2 FY26
% of total income
Employee benefit expense₹2 cr12.5%
Finance costs₹5.1 L0.3%
Other expenses₹4 cr24.4%
Tax expense₹2 cr16.0%
Profit for the period₹7 cr46.8%
Total income ₹15 cradds up to ₹100 ✓
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹108 cr
Shareholder equity
₹80 cr
parent shareholders
Total debt
₹11 cr
Cash
₹24 cr
Who owns it · 2026-09-30
⚑ 24.2% pledged
Promoter
59.9%
FII / Foreign
1.3%
DII / Domestic
8.3%
Retail / others
30.5%
Smart-money activity
Bulk / block deals
BoughtAUM GLOBAL INVESTMENT FUND VCC-AUM GLOBAL INCORPORATED VCC SUB FUND · NSE60,000 @ ₹25615 Oct 26
BoughtGRETEX SHARE BROKING LIMITED · NSE1.91 L @ ₹241.3614 Oct 26
SoldGRETEX SHARE BROKING LIMITED · NSE46,200 @ ₹235.8114 Oct 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
To consider and adopt: a. the Audited Standalone Financial Statement of the Company for the year ended 31st March 2026 and together with the reports of the Board of Directors’ and the Auditors thereon b. the Audited Consolidated Financial Statement of the Company for the financial year ended 31st March 2026 together with the report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.02 L votes for, 0 against
2
To appoint a director in place of Ms. Kripa Bhargav Mandavia (DIN: 08768887), who retires by rotation and being eligible, offers herself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
4.02 L votes for, 0 against
3
Appointment Mr. Sanjay Kumar Sharma (DIN: 10111194) as a Non-Executive Independent Director of the Company for a term of three years
Backed by 100% of shareholders other than promotersneeded 75%
4.02 L votes for, 0 against
4
Increase in Authorised Share Capital of the company and consequential amendment in Memorandum of Association of the Company
Backed by 100% of shareholders other than promotersneeded 75%
4.02 L votes for, 0 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 — 1 named members
owning 59.9% between them · as of 2026-09-30
RUPAL SANJAY MANDAVIA59.87%

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.

₹48 cr raised in Dec 2025 by selling shares to the public

As of Mar 2026, the company says it has spent 40% of what it set aside, leaving ₹29 cr still to be spent.

To meet Capital Expenditure towards Purchase of Machineries
19%
₹7 cr of ₹35 cr
General Corporate Purpose
100%
₹5 cr of ₹5 cr
Issue Related Expenses
100%
₹8 cr of ₹8 cr

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.