amit@unlistedkraft.in
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+91-9599071664
Himalayan Heli Services Unlisted Shares
DRHP Status : Not Filed
172
Fundamentals About Himalayan Heli Services
Downloads & Investor Documents
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Key Financials of Himalayan Heli Services
| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 6064 | 9827 | 11485 | 13216 |
| Cost of Material Consumed | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Gross Margins | 100 | 100 | 100 | 100 |
| Employee Benefit Expenses | 1410 | 1904 | 1895 | 1415 |
| Other Expenses | 4239 | 6879 | 7992 | 9747 |
| EBITDA | 415 | 1044 | 1598 | 2054 |
| OPM | 6.84 | 10.62 | 13.91 | 15.54 |
| Other Income | 24 | 61.5 | 21 | -163 |
| Finance Cost | 255 | 275 | 337 | 258 |
| D&A | 310 | 391 | 493 | 511 |
| EBIT | 105 | 653 | 1105 | 1543 |
| EBIT Margins | 1.73 | 6.64 | 9.62 | 11.68 |
| PBT | -126 | 439 | 788 | 1121 |
| PBT Margins | -2.08 | 4.47 | 6.86 | 8.48 |
| Tax | -33 | 107 | 113 | 747 |
| PAT | -93 | 332 | 675 | 374 |
| NPM | -1.53 | 3.38 | 5.88 | 2.83 |
| EPS | -0.93 | 3.32 | 6.75 | 3.37 |
Financial Ratios |
2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 6.84 | 10.62 | 13.91 | 15.54 |
| Net Profit Margin | -1.53 | 3.38 | 5.88 | 2.83 |
| Earning Per Share (Diluted) | -0.93 | 3.32 | 6.75 | 3.37 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 2105 | 2659 | 3391 | 3439 |
| CWIP | 0 | 0 | 0 | 960 |
| Investments | 0 | 0 | 0 | 0 |
| Trade Receivables | 660 | 230 | 256 | 1270 |
| Inventory | 400 | 234 | 291 | 447 |
| Other Assets | 1408 | 1921 | 1875 | 5313 |
| Total Assets | 4573 | 5044 | 5813 | 11429 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 1000 | 1000 | 1000 | 1110.49 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 204 | 536 | 1211 | 2791 |
| Borrowings | 1723 | 1810 | 2009 | 3266 |
| Trade Payables | 920 | 452 | 452 | 1689 |
| Other Liabilities | 727 | 1246 | 1141 | 2572.51 |
| Total Liabilities | 4574 | 5044 | 5813 | 11429 |
About Company
Himalayan Heli Services Limited (HHSL), incorporated in 1998, is a prominent Indian, unlisted public company specializing in high-altitude helicopter charter services, tourism, and logistics. Headquartered in Delhi, it provides specialized services like helicopter skiing, pilgrimage (Char Dham, Amarnath), aerial photography, and emergency evacuations.
The following table shows a 10-point analysis of Himalayan Heli Services Limited. We will discuss each point in detail after this table.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | Incorporated 1998 Paid-up capital ₹11.10 Cr |
A leading Indian helicopter service provider specializing in pilgrimage aviation, aerial work, and adventure tourism operations in mountainous regions. |
| Industry & Market Position | 25+ years operations | Established presence in helicopter tourism, aerial surveys, and logistics support across the Himalayan region. |
| Revenue Drivers | Charter flying Pilgrimage shuttle services |
Revenue mainly generated from heli-tourism, corporate charters, aerial surveys, and government contracts. |
| Fleet & Operations | 75,000+ flying hours | Strong operational track record with extensive experience in high-altitude helicopter operations. |
| Passenger Reach | 30,00,000+ passengers ferried | Significant passenger traffic through pilgrimage shuttle services and tourism operations. |
| Service Diversification | Surveys · rescue · cargo | Diversified operations including aerial geophysical surveys, cargo lifting, powerline stringing, and rescue missions. |
| Strategic Expansion | Fleet upgrades planned | Continuous investment in new helicopters and operational capacity expansion. |
| Management & Governance | Promoter-led aviation company | Experienced promoters with decades of aviation and mountain flying expertise. |
| Growth Drivers | Tourism · pilgrimage traffic | Growing demand for Char Dham, Amarnath, and other high-altitude pilgrimage aviation services. |
| Future Potential | Aviation infrastructure growth | Increasing regional connectivity and heli-tourism initiatives in India may support long-term growth. |
Company Overview
(i) Himalayan Heli Services Limited is an Indian helicopter aviation company incorporated in 1998 and headquartered in New Delhi, India, providing helicopter-based transportation and aerial services.
(ii) The company specializes in pilgrimage shuttle operations, charter flying, aerial surveys, and adventure tourism activities across mountainous and remote regions.
(iii) It operates helicopter services for major pilgrimage routes such as Kedarnath, Amarnath, and other Himalayan shrines, helping pilgrims access difficult terrains quickly and safely.
(iv) Apart from passenger services, the company also conducts aerial geophysical surveys, powerline stringing, external load operations, and infrastructure support missions.
(v) Over the years, Himalayan Heli Services has developed expertise in high-altitude aviation operations, which require specialized aircraft, trained pilots, and advanced maintenance capabilities.
Challenges in Himalayan Heli Services’ Business
- Seasonal demand fluctuations: Helicopter pilgrimage services depend heavily on seasonal religious travel, which can lead to revenue variability during off-season periods.
- High operational costs: Aviation businesses require significant spending on aircraft acquisition, fuel, maintenance, pilot training, and safety compliance.
- Weather-related operational risks: Helicopter operations in mountainous regions are sensitive to weather disruptions, which can impact flight schedules and operational efficiency.
Financial Review of Himalayan Heli Services Limited
Here are some highlights of the financial performance of Himalayan Heli Services Limited over the past few years.
FY22 Performance
• Total operating income reported around ₹41.76 crore.
• The company reported a net loss of ₹5.11 crore during the year.
• Profitability declined due to higher operational costs and aviation sector disruptions.
• Overall gearing increased to about 1.65 times, reflecting increased borrowings.
FY20 Performance
• Total operating income stood at approximately ₹62.19 crore.
• Operating profit (PBILDT) was around ₹6.83 crore.
• Net profit during the year was about ₹3.26 crore.
• Interest coverage ratio remained around 2.69 times, indicating manageable debt servicing.
Quick Summary
Himalayan Heli Services Limited is a specialized aviation services provider operating in heli-tourism, aerial surveys, and pilgrimage transportation. With decades of experience in high-altitude helicopter operations, the company has built a strong reputation in India’s mountain aviation sector.
Click Here to visit the official website of Himalayan Heli Services Limited.
Promoters of Himalayan Heli Services Limited
The following are the active promoters / leadership associated with the company:
| Name | Designation | LinkedIn Profile |
|---|---|---|
| Harsh Vardhan Sharma | Whole-Time Director | View Profile |
| Tsering Wangchuk Shamshu | Whole-Time Director | View Profile |
| Stanzin Losal Shamshu | Director | View Profile |
| Shreyansh Sharma | Director | View Profile |
Shareholding Pattern of Himalayan Heli Services
| Name | Holding |
|---|---|
| World Expeditions (India) Pvt. Ltd | 90.05% |
| Others | 9.95% |
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Frequently Asked Questions
Himalayan Heli Services Limited unlisted shares are equity shares of the company that are not traded on NSE or BSE and are available through private market transactions.
Yes, investors can purchase Himalayan Heli Services Limited unlisted shares through intermediaries dealing in the unlisted share market.
Yes, investors must have an active demat account to hold Himalayan Heli Services Limited unlisted shares.
Yes, unlisted shares can be transferred through private market transactions before a potential IPO, subject to buyer availability.
If held for more than two years, gains are taxed at 20% with indexation. If sold earlier, gains are treated as short-term capital gains and taxed as per the investor’s income slab.
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