Unlisted Shares
Skyways Air Services Limited
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About Skyways Air Services Limited
Skyways Air Services Limited is a logistics and cargo handling company specializing in air freight forwarding, cargo management, and integrated logistics solutions. Founded in 1984 and headquartered in New Delhi, the company serves domestic and international markets with a focus on efficiency and technology-driven logistics services.
Share Details
| company Name | Skyways Air Services Limited |
| indicative Unlisted Share Price | ₹194 |
| market Capitalization | ₹1792 Crore |
| lot Size | 1000 |
| 52 Week High | ₹160 |
| 52 Week Low | ₹140 |
| face Value | ₹10 |
| book Value | 34.14 |
| pe Ratio | 37.35 |
| pb Ratio | 4.45 |
| debt To Equity | 1.42 |
| return On Equity | 12.23 |
| total Outstanding Shares | 11788757 |
| isin | INE09X301025 |
| depository | NSDL & CDSL |
| pan | AABCS3895B |
| cin | U74899DL1984PLC019656 |
| rta | Bigshare Services |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 1,659 | 1,481 | 1,249 | 2,218 |
| EBITDA | 69 | 58 | 48 | 85 |
| PBT | 63 | 53 | 48 | 67 |
| Net Profit / Loss (PAT) | 46 | 38 | 34 | 48 |
| EPS | 211.01 | 36.43 | 32.6 | 4.27 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| 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 |
Financial Annual Report Summary
The company has shown steady revenue growth but operates with thin margins typical of logistics businesses. Profitability remains modest, and rising debt levels increase financial risk.
Why Invest in Skyways Air Services
- Thin margins typical of logistics industry.
- Revenue volatility across years.
- High debt (D/E ~1.42) increases financial risk.
- Moderate ROE (~12%) but not exceptional.
- Valuation relatively expensive for low-margin business.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 40 | 54.5 | 82 | 123 |
| CWIP | 2.45 | 16.5 | 40.5 | 60 |
| Investments | 0.28 | 0.36 | 29 | 28 |
| Trade Receivables | 252 | 146 | 318 | 456 |
| Inventory | 0 | 0 | 0 | 0.7 |
| Other Assets | 170.27 | 230.64 | 329.1 | 654.3 |
| Total Assets | 465 | 448 | 790 | 1,322 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 2.18 | 10.43 | 10.43 | 112.42 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 93 | 120 | 176 | 280 |
| Borrowings | 163 | 175 | 357 | 558 |
| Trade Payables | 163 | 115 | 207 | 215 |
| Other Liabilities | 17.82 | 27.57 | 37.57 | 156.58 |
| Total Liabilities | 465 | 448 | 790 | 1,322 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
Rapid increase in borrowings and working capital indicates aggressive expansion with rising financial risk.
Liabilities Breakdown
Debt to Equity ratio of 1.42 indicates high leverage.
Additional Insights
Heavy dependence on debt and rising receivables increase financial risk.
Cash Flow Insights
- Operating cash flow turned negative in FY24.
- Heavy reliance on financing for growth.
- Increasing debt-driven expansion.
Shareholding Pattern
Recent
Promoter: High
Institutional: Low
Public: Moderate
Promoters & Management
Promoter-led logistics company with decades of experience in freight and cargo services.
Key Management
Not Available
Registrar & Transfer Agent (RTA)
Registrar: Bigshare Services
Website: https://www.bigshareonline.com/
Management Analysis
Focused on expanding logistics network and leveraging growing demand in air cargo and e-commerce logistics.
Frequently Asked Questions About Skyways Air Services Limited
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