Skyways Air Services Limited Unlisted Shares

DRHP Status : Not Filed

Trending

155

About Company

Skyways Air Services Limited's unlisted share price is around ₹140-₹155 per share, with a recent price of ₹155 on Planify and ₹140 on Wealth Wisdom. The company is a logistics and air freight leader formed in 1984, and while its revenue has declined, its operational performance has improved due to market share gains, increased air and ocean freight volumes, and a larger client base. It filed for an Initial Public Offering (IPO) in June 2025, which is pending, and the unlisted share price is influenced by this and other factors such as its profitability and market position.

Market leader: Skyways is a market leader in air freight in India, with established logistics services through its subsidiaries, according to Skyways Air Services.
High return on equity (ROE): The company has maintained a strong ROE of over
21%21 %
21% for the past three years.
High return on capital employed (ROCE): Skyways has an ROCE of
18.6%18.6 %
18.6%, which is significantly higher than its listed peers, indicating operational efficiency, notes UnlistedZone.
Efficient cash conversion cycle: The company has an efficient cash conversion cycle of
00
0 days.

Weaknesses

Declining financials: Skyways has shown poor profit growth (
-9%negative 9 %
−9% in FY24) and revenue growth (
-13.1%negative 13.1 %
−13.1% in FY24) over the past three years, states Sharescart.
Poor cash flow: The company has a negative cash flow from operations.
Low EBITDA margin: The company has a low EBITDA margin of
0%0 %
0% over the past five years.
Low interest coverage ratio: The interest coverage ratio is very low, at
00
0, which could indicate financial strain, notes Finology Ticker.
High debt to equity: With a debt to equity ratio of
1.921.92
1.92, the company carries a higher level of debt compared to its equity, according to Sharescart.

Fundamentals About Skyways Air Services Limited

Current Price 155

Market Cap 1827 Cr

ISIN INE0PX301025

Face Value 10

P/E Ratio 38.08

EPS .22

P/B Ratio 4.54

Book Value 34.14

Debt to Equity Ratio 1.42

Key Financials of Skyways Air Services Limited

P&L Statement	2022	2023	2024	2025
Revenue	1659	1484	1289	2248
Cost of Material Consumed	1510	1316	1137	2017
Change in Inventory	0	0	0	-0.3
Gross Margins	8.98	11.32	11.79	10.29
Employee Benefit Expenses	46	61	66	90
Other Expenses	34	49	38	55
EBITDA	69	58	48	86.3
OPM	4.16	3.91	3.72	3.84
Other Income	5.7	12	27.6	23
Finance Cost	8	12	19	29
D&A	3	5.5	9	13.7
EBIT	66	52.5	39	72.6
EBIT Margins	3.98	3.54	3.03	3.23
PBT	63	53	48	67
PBT Margins	3.8	3.57	3.72	2.98
Tax	17	15	14	19
PAT	46	38	34	48
NPM	2.77	2.56	2.64	2.14
EPS	211.01	36.43	32.6	4.27

Financial Ratios	2022	2023	2024	2025
Operating Profit Margin	4.16	3.91	3.72	3.84
Net Profit Margin	2.77	2.56	2.64	2.14
Earning Per Share (Diluted)	211.01	36.43	32.6	4.27

Assets	2022	2023	2024	2025
Fixed Assets	40	54.5	82	123
CWIP	2.45	16.5	40.5	60
Investments	0.28	0.36	20	28
Trade Receivables	252	146	318	456
Inventory	0	0	0.4	0.7
Other Assets	170.27	230.64	329.1	654.3
Total Assets	465	448	790	1322

Liabilities	2022	2023	2024	2025
Share Capital	2.18	10.43	10.43	112.42
FV	10	10	10	10
Reserves	99	120	176	280
Borrowings	163	175	357	558
Trade Payables	183	115	209	245
Other Liabilities	17.82	27.57	37.57	126.58
Total Liabilities	465	448	790	1322