---
title: "FlySBS Aviation Ltd (FLYSBS) — Share Price, Financials & Analysis"
symbol: "FLYSBS"
company: "FlySBS Aviation Ltd"
canonical: "https://tapetide.com/stocks/FLYSBS"
isin: "INE0VCK01011"
nse_symbol: "FLYSBS"
sector: "Aviation"
industry: "Airline"
market_cap_cr: 1130.19
generated_at: "2026-09-13T19:09:00.612Z"
---

# FlySBS Aviation Ltd (FLYSBS)

Canonical page: https://tapetide.com/stocks/FLYSBS

## Company

- **NSE Symbol:** FLYSBS
- **ISIN:** INE0VCK01011
- **Sector:** Aviation
- **Industry:** Airline
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2025-08-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** sbsaviation.in

## About

Incorporated in 2020, FlySBS Aviation Ltd is a Private Jet Chartering Company in India.[1]

## Latest Price

- **Price:** ₹702.65
- **Change:** +15.25 (+2.22%)
- **Open:** ₹687
- **Day High:** ₹712
- **Day Low:** ₹651
- **Previous Close:** ₹687.4
- **Volume:** 126400
- **As Of:** 2026-09-11T09:59:03+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:50.877174Z.

- **Market Cap:** ₹1130.19 Cr
- **Classification:** SME
- **P/E (reported):** 0
- **Book Value:** ₹146.16
- **Price to Book:** 4.7
- **Dividend Yield:** 0%
- **ROE:** 18.89%
- **ROCE:** 25.71%
- **Debt to Equity:** 0.12
- **Revenue (yearly):** ₹195.4 Cr
- **Net Income:** ₹28.4 Cr
- **EBITDA:** ₹41.4 Cr
- **52-Week High:** ₹710
- **52-Week Low:** ₹355.25
- **RSI (14):** 76.92

## Tapetide Score

- **Score:** 55 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 70.1 (of 4473 scored stocks)
- **Confidence:** 84%
- **Data coverage:** 67%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 81.29 | 9% |
| growth | 92.62 | 9% |
| momentum | 83.4 | 12% |
| ownership | 27.13 | 24% |
| quality | 75.32 | 22% |
| valuation | 47.49 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 109% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.5%
- Company's working capital requirements have reduced from 51.4 days to 32.7 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 32.5%
- Debtor days have increased from 35.2 to 43.8 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -99.16% | -99.72% | 100.23% |
| ebitda margin growth | 51% | 40.68% | 63.58% |
| net income growth | 153.57% | 160% | 109% |
| revenue growth | 83.13% | 111% | 82% |
| roce | 19.19% | -40.76% | 29.65% |
| roe | 11.58% | 21.72% | -56.46% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 84 | 110 | 138 | 181 |
| Expenses | 76 | 78 | 106 | 143 |
| Operating Profit | 8 | 32 | 31 | 38 |
| OPM % | 10 | 29 | 23 | 21 |
| Other Income | 0 | 1 | 2 | 14 |
| Interest | 1 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 8 | 31 | 31 | 50 |
| Tax % | 31 | 26 | 24 | 25 |
| Net Profit | 5 | 23 | 24 | 37 |
| EPS in Rs | — | 18.2 | 13.78 | 21.34 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 16 | 27 | 34 | 106 | 194 | 319 |
| Expenses | 14 | 26 | 29 | 92 | 154 | 249 |
| Operating Profit | 2 | 1 | 5 | 15 | 40 | 69 |
| OPM % | 13 | 4.3 | 14 | 14 | 21 | 22 |
| Other Income | 0 | 1 | 1 | 0 | 1 | 16 |
| Interest | 0 | 0 | 1 | 1 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 2 | 1 | 4 | 14 | 39 | 81 |
| Tax % | 25 | 28 | 16 | 19 | 27 | 25 |
| Net Profit | 2 | 1 | 3 | 11 | 28 | 61 |
| EPS in Rs | — | — | — | — | 22.29 | 35.12 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 2 | 3 | 13 | 17 |
| Reserves | 2 | 3 | 10 | 63 | 138 | 296 |
| Borrowings | 2 | 5 | 3 | 3 | 18 | 37 |
| Other Liabilities | 1 | 3 | 5 | 8 | 24 | 41 |
| Total Liabilities | 7 | 12 | 20 | 77 | 192 | 392 |
| Fixed Assets | 0 | 0 | 0 | 5 | 5 | 7 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 7 | 12 | 20 | 72 | 186 | 384 |
| Total Assets | 7 | 12 | 20 | 77 | 192 | 392 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -4 | 1 | 4 | 1 | 0 | 32 |
| Cash from Investing Activity | 0 | -1 | -2 | -37 | -28 | -134 |
| Cash from Financing Activity | 4 | 0 | 1 | 42 | 69 | 118 |
| Net Cash Flow | 0 | 0 | 2 | 6 | 41 | 15 |
| Free Cash Flow | -4 | 1 | 4 | -4 | -1 | 29 |
| CFO/OP | -209 | 62 | 85 | 10 | 6 | 60 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 46 | 80 | 64 | 23 | 39 | 44 |
| Cash Conversion Cycle | 46 | 80 | 64 | 23 | 39 | 44 |
| Working Capital Days | 61 | 31 | 19 | 52 | 70 | 33 |
| ROCE % | — | 22 | 43 | 35 | 35 | 32 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 32.47% | 32.47% | 32.47% |
| FIIs | 2.59% | 2.15% | 2.01% |
| DIIs | 0.16% | 1.21% | 0.66% |
| Government | 0% | 0% | 0% |
| Public | 42.33% | 44.41% | 46.37% |
| Others | 22.45% | 19.76% | 18.5% |
| No. of Shareholders | 2368 | 2545 | 3136 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 2 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 652.63 | Buy |
| EMA (10) | 656.45 | Buy |
| SMA (20) | 615.38 | Buy |
| EMA (20) | 615.92 | Buy |
| SMA (50) | 522.84 | Buy |
| EMA (50) | 549.43 | Buy |
| SMA (100) | 482.08 | Buy |
| EMA (100) | 511 | Buy |
| SMA (200) | 479.22 | Buy |
| EMA (200) | 509.81 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 78.65 | Sell |
| MACD (12,26,9) | 50.44 | Buy |
| Stochastic (14,3,3) | 90.76 | Sell |
| ADX (14) | 36.88 | Buy |
| Williams %R (14) | -7.54 | Sell |
| ATR (14) | 35.17 | High Volatility |
| ROC (12) | 15.08 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 61.02 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jul - Regulation 74(5) compliance certificate submitted for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 Jul - Regulation 74(5) compliance certificate submitted for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/FLYSBS_09072026143050_Reg_74_5_-sd.pdf) |
| 8 Sep - Newspaper ads published for FlySBS Aviation's 6th AGM, cut-off date and e-voting details on September 8, 2026. | [Copy of Newspaper Publication 8 Sep - Newspaper ads published for FlySBS Aviation's 6th AGM, cut-off date and e-voting details on September 8, 2026.](https://nsearchives.nseindia.com/corporate/FLYSBS_08092026130659_NewspaperPublication.pdf) |
| 8 Sep - FlySBS Aviation sends FY25-26 annual report link; 6th AGM on 29 September 2026. | [General Updates 8 Sep - FlySBS Aviation sends FY25-26 annual report link; 6th AGM on 29 September 2026.](https://nsearchives.nseindia.com/corporate/FLYSBS_08092026131515_ShareholderLetter.pdf) |
| 8 Jul - Clarifies revised FY26 XBRL results and unmodified audit opinion declaration filed on June 29, 2026. | [Reply to Clarification- Financial results 8 Jul - Clarifies revised FY26 XBRL results and unmodified audit opinion declaration filed on June 29, 2026.](https://nsearchives.nseindia.com/corporate/FLYSBS_06072026153006_Final-_FlySBS-_Clarification_letter.pdf) |
| 7 Sep - FlySBS Aviation calls 6th AGM on September 29, 2026; seeks borrowing limit increase to ₹500 crore and CEO pay revision. | [Shareholders meeting 7 Sep - FlySBS Aviation calls 6th AGM on September 29, 2026; seeks borrowing limit increase to ₹500 crore and CEO pay revision.](https://nsearchives.nseindia.com/corporate/FLYSBS_07092026204204_FlySBS_Notice.pdf) |
| 5 Jun - FlySBS Aviation Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, … | [Disclosure under SEBI Takeover Regulations 5 Jun - FlySBS Aviation Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …](https://nsearchives.nseindia.com/corporate/team_sandeshc_22052026122158_FlySBS.zip) |
| 31 March 2026 - Trading window closed April 1, 2026 until 48 hours after audited FY2026 results declaration. | [Trading Window 31 March 2026 - Trading window closed April 1, 2026 until 48 hours after audited FY2026 results declaration.](https://nsearchives.nseindia.com/corporate/FLYSBS_31032026172000_TWC.pdf) |
| 31 Aug - FlySBS Aviation clarifies share price movement, stating no material event occurred. | [Price movement 31 Aug - FlySBS Aviation clarifies share price movement, stating no material event occurred.](https://nsearchives.nseindia.com/corporate/ramnivasy_31082026182911_Fly_SBS_NSE_Price_Movement.pdf) |
| 30 May 2026 - FLYSBS files SDD compliance certificate for FY ended March 31, 2026. | [Structural Digital Database 30 May 2026 - FLYSBS files SDD compliance certificate for FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/FLYSBS_30052026202229_SDDFinal.pdf) |
| 29 Jul - FLYSBS confirms corporate governance provisions are not applicable as shares are listed only on SME Exchange. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 29 Jul - FLYSBS confirms corporate governance provisions are not applicable as shares are listed only on SME Exchange.](https://nsearchives.nseindia.com/corporate/FLYSBS_29072026185602_FlySBS-_Non-_Applicablity_of_CG_report.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31790_FLYSBS_2025_2026_A_7744802_07092026205254.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jan 2026 | [Concall - Jan 2026](https://nsearchives.nseindia.com/corporate/FLYSBS_24012026013445_InvestorPresentation.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:09:00.612Z.