Skyways Air Services Limited
NSE: SKYWAYSLogistics Solution Provider
Share price
₹109.47
-1.50% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
50
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹1,591 Cr
P/E ratio
29.5
P/B ratio
—
ROCE
13.2%
ROE
14.2%
Dividend yield
0.6%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
It grew 15.7% a year against a sector median of 9.8% — 5.9 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Its earnings are falling, so growth cannot justify the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Skyways Air Services Limited — this one | 0%/yr | 30.0× | — |
| Container Corporation of India Limited | 2%/yr | 26.6× | ₹13.3 |
| Delhivery Limited | 26%/yr | 248.1× | ₹9.5 |
| Shadowfax Technologies Limited | 41%/yr | 98.5× | ₹2.4 |
| Blue Dart Express Limited | -10%/yr | 33.9× | — |
| Transport Corporation of India Limited | 12%/yr | 14.4× | ₹1.2 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Logistics Solution Provider), it ranks 12 of 36 on returns, 8 of 35 on growth, 26 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 13.2% on capital, ahead of 67% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years it made ₹181 crore of cash from the business but spent ₹194 crore on plant and equipment, ₹13 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹163 crore to ₹627 crore. And the profit is real: of every 100 rupees it reported over 5 years, about 76 arrived as cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 8 checks clear · 88%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 17 Sep 2026 · Consolidated · Unaudited
Revenue
₹1,217 Cr
Net profit
₹27 Cr
Net margin
2.2%
EPS
₹1.69
Earnings call transcript · 18 Sep 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹1,591 Cr
- Prev close
- ₹109.47
- 52w High
- ₹137
- 52w Low
- ₹107
- Enterprise value
- —
- Beta
- —
- Price CAGR 1y
- —
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 4.2%
- PEG ratio
- —
- P/E ratio
- 29.5
- P/B ratio
- —
- EV / EBITDA
- —
- Industry P/E
- 24.7
- ROCE
- 13.2%
- ROCE 5y average
- 16.5%
- ROE
- 14.2%
- Debt / Equity
- 1.9
- Interest coverage
- 2.8
- Dividend yield
- 0.6%
- ROE 3y average
- 18.0%
- ROE last year
- 14.0%
Annual P&L
- Annual revenue
- ₹2,813 Cr
- Annual profit
- ₹64 Cr
- Operating margin
- 4.6%
- Net profit margin
- 2.3%
- EBITDA margin
- 4.6%
- Sales growth 3y
- 23.7%
- Sales growth 5y
- —
- Profit growth 3y
- 0.0%
- Profit growth 5y
- —
- EPS
- ₹3.5
- Sales growth TTM
- 25.0%
- Profit growth TTM
- 3.0%
- Dividend payout
- 6.0%
Quarter P&L
- Sales latest quarter
- ₹1,217 Cr
- Profit latest quarter
- ₹27 Cr
- YoY quarterly sales growth
- 90.5%
- YoY quarterly profit growth
- 145.5%
- OPM latest quarter
- 4.1%
Balance Sheet
- Book Value
- ₹22.7
- Face Value
- ₹10.0
- Total debt
- ₹627 Cr
- Total cash
- ₹188 Cr
- Borrowings
- ₹627 Cr
- Reserves / Equity
- 1.9
Cash Flow
- Operating cash flow
- ₹114 Cr
- Free cash flow
- ₹55 Cr
- FCF yield
- 0.3%
- Net cash flow
- -₹14 Cr
Shareholding
- Promoter holding
- 56.8%
- FII holding
- 3.3%
- DII holding
- 11.8%
- Public holding
- 28.1%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Container Corpn. | 441.45 | 27.1 | 33,622 | 1.95 | 268.9 | 0.1 | 2,159.8 | 0.3 | 12.6 |
| Delhivery | 400.30 | 251.5 | 29,994 | 0.00 | 31.9 | -65.0 | 2,930.7 | 27.8 | 1.0 |
| Shadowfax Technologies | 289.05 | 98.5 | 16,966 | 0.00 | 66.2 | 624.3 | 1,323.9 | 66.3 | 10.3 |
| Blue Dart Expres | 4,514.40 | 33.0 | 10,713 | 0.55 | 88.5 | 81.2 | 1,657.7 | 15.0 | 15.8 |
| Transport Corp. | 878.75 | 14.8 | 6,752 | 1.14 | 106.6 | -0.8 | 1,248.5 | 9.6 | 19.4 |
| TVS Supply | 127.27 | 79.2 | 5,615 | 0.00 | 22.5 | -84.3 | 3,335.2 | 28.7 | 10.1 |
| VRL Logistics | 285.00 | 18.6 | 4,986 | 1.75 | 80.5 | 60.9 | 878.8 | 18.1 | 18.3 |
| Skyways Air Ser. | 109.48 | 29.8 | 1,591 | 0.59 | 26.8 | 190.1 | 1,216.5 | 90.4 | 13.2 |
| Median | 119.20 | 24.7 | 528 | 0.00 | 7.7 | 21.9 | 184.4 | 20.3 | 12.6 |
Competes with: ABH Healthcare Limited, Blue Dart Express Limited, Container Corporation of India Limited, Delhivery Limited, Hy-Tech Engineers Limited, Mahindra Logistics Limited, Shadowfax Technologies Limited, Shiprocket Limited, Symbiotec Pharmalab Limited, TVS Supply Chain Solutions Limited, Transport Corporation of India Limited, VRL Logistics Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Sales | 639 | 1,328 | 788 | 1,217 |
| Expenses | 612 | 753 | 1,167 | |
| Material Cost | 1,109 | |||
| Change in Inventories | -0.18 | |||
| Purchases of Stock-in-Trade | 0.29 | |||
| Employee Cost | 36 | |||
| Other Expenses | 21 | |||
| Operating Profit | 27 | 35 | 50 | |
| OPM % | 4.30 | 4.30 | 4.40 | 4.10 |
| Other Income | 4 | 7 | 9 | |
| Exceptional items (within Other Income) | 0 | |||
| Interest | 11 | 13 | 17 | |
| Depreciation | 4 | 4 | 4 | |
| Profit before tax | 17 | 25 | 37 | |
| Tax % | 34 | 12 | 28 | |
| Net Profit | 11 | 22 | 27 | |
| EPS in Rs | 0.60 | 1.27 | 1.69 | |
| Diluted EPS in Rs | 1.69 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 1,670 | 1,485 | 1,289 | 2,248 | 2,813 |
| Expenses | 1,595 | 1,419 | 1,240 | 2,160 | 2,684 |
| Operating Profit | 75 | 65 | 49 | 88 | 129 |
| OPM % | 4.50 | 4.40 | 3.80 | 3.90 | 4.60 |
| Other Income | 6 | 12 | 28 | 23 | 26 |
| Interest | 9 | 13 | 20 | 30 | 50 |
| Depreciation | 5 | 7 | 9 | 14 | 17 |
| Profit before tax | 68 | 57 | 48 | 67 | 88 |
| Tax % | 27 | 29 | 29 | 28 | 28 |
| Net Profit | 50 | 41 | 34 | 48 | 64 |
| EPS in Rs | 2,264 | 389 | 30 | 3.48 | 3.52 |
| Dividend Payout % | 0 | 29 | 5 | 23 | 6 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- 24%
- TTM
- 25%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- 0%
- TTM
- 3%
Return on equity
- 10 years
- —
- 5 years
- 24%
- 3 years
- 18%
- Last year
- 14%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 2 | 10 | 10 | 112 | 116 |
| Reserves | 99 | 121 | 144 | 135 | 216 |
| Borrowings | 163 | 175 | 361 | 565 | 627 |
| Other Liabilities | 195 | 138 | 216 | 510 | 549 |
| Total Liabilities | 460 | 444 | 731 | 1,322 | 1,508 |
| Fixed Assets | 39 | 54 | 0 | 223 | 237 |
| CWIP | 6 | 17 | 0 | 60 | 90 |
| Investments | 0 | 0 | 20 | 28 | 29 |
| Other Assets | 415 | 374 | 711 | 1,011 | 1,152 |
| Total Assets | 460 | 444 | 731 | 1,322 | 1,508 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from Operating Activity | 5 | 69 | -9 | 2 | 114 |
| Cash from Investing Activity | 21 | -76 | -131 | -152 | -179 |
| Cash from Financing Activity | 27 | -9 | 155 | 221 | 52 |
| Net Cash Flow | 53 | -15 | 15 | 71 | -14 |
| Free Cash Flow | 18 | 36 | -65 | -57 | 55 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 56 | 38 | 90 | 74 | 75 |
| Cash Conversion Cycle | 56 | 38 | 90 | 74 | 75 |
| Working Capital Days | -9 | -5 | -14 | -13 | -5 |
| ROCE % | 24 | 16 | 13 | 13 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
a new listing's EV withheld until its first post-issue balance sheet; value = fresh issue (0 = unknown), period = the issue cut-off
0.00inr_cr
2026-08-28
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
own market share %
6.20pct
2026-06-30
a new listing's P/B and Book Value withheld until its first post-issue balance sheet; value = fresh issue (0 = unknown), period = the issue cut-off
0.00inr_cr
2026-08-28
volume growth %
23.00pct
2026-06-30
News
News and filings about Skyways Air Services Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- ABH Healthcare Limited
- Blue Dart Express Limited
- Container Corporation of India Limited
- Delhivery Limited
- Hy-Tech Engineers Limited
- Mahindra Logistics Limited
- Shadowfax Technologies Limited
- Shiprocket Limited
- Symbiotec Pharmalab Limited
- TVS Supply Chain Solutions Limited
- Transport Corporation of India Limited
- VRL Logistics Limited
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Services
- Industry
- Logistics Solution Provider
- Classification
- Services › Logistics Solution Provider
- ISIN
- INE0PX301025
News impact
Big market events that reach Skyways Air Services Limited, and how the effect spreads.
2 Oct, 15:13 IST · Market event · medium impact
Government extends RELIEF scheme to shield exporters from West Asia logistics disruption
The government extended shipping-cost relief for exporters hit by West Asia disruptions, helping exporters and cargo carriers keep volumes steady while taxpayers cover the support cost.
Who it hits first
- The government extended Part II of its RELIEF scheme for exporters through a September 30 notice, so help with high shipping costs continues.
- Exporters sending goods through West Asia routes keep getting support instead of facing the full jump in freight bills alone.
- Cargo carriers, ports and freight handlers keep steadier export volumes because subsidised exporters keep shipping.
Who may gain
- Indian exporters who ship goods through West Asia sea and air routes — their freight bills shrink.
- Cargo shipowners such as the Shipping Corporation of India and the Great Eastern Shipping Company — steadier sailings and charter demand.
- Freight movers such as Transport Corporation of India and Container Corporation of India — fuller trucks and container trains.
- Port operators such as Adani Ports — steadier export cargo passing through their terminals.
Along the supply chain
Downstream
Makers of exported goods keep orders moving and overseas buyers keep receiving Indian shipments on time, so the downstream effect is continuity of trade rather than new demand.
Upstream
Steadier sailings support demand for ship fuel, vessel charters, containers and port handling services, though the scheme pays exporters rather than buying these inputs directly.
Where demand moves
Business
Exporters facing lower net freight costs keep booking shipments instead of delaying them, so demand flows from exporters to shipping lines, freight forwarders, rail-container movers and ports as steadier cargo volumes over the next few weeks.
Capital
Investors are likely to favour listed shipping, logistics and port shares on steadier volume hopes, while exporters themselves save working capital that would otherwise sit in freight bills.
How it spreads across sectors
Services
Positive for logistics, shipping and port members as RELIEF keeps export cargo flowing through West Asia routes; IT, staffing and facility-service members see no real spillover.
When it plays out
Immediate
In the next 1-7 days, exporter sentiment steadies and shipping and logistics shares may edge up on hopes of steadier cargo.
Medium term
Over 1-6 months, the benefit lasts only while the extension runs and West Asia disruption persists; if freight rates normalise, the effect fades.
Short term
Over 1-4 weeks, exporters file for relief and keep shipment schedules, showing up as steadier port and freight volumes.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 9 Oct 2026 | interim | ₹0.25 |
|---|---|---|
| 23 Sep 2026 | unspecified | ₹0.65 |
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 24 Sep 2026 | HRTI PRIVATE LIMITED | SELL | 10,46,493 | ₹131.47 |
| 24 Sep 2026 | QE SECURITIES LLP | SELL | 9,17,197 | ₹132.22 |
| 24 Sep 2026 | QE SECURITIES LLP | BUY | 9,02,946 | ₹131.53 |
| 24 Sep 2026 | HRTI PRIVATE LIMITED | BUY | 8,80,984 | ₹131.05 |
| 22 Sep 2026 | QE SECURITIES LLP | SELL | 11,61,815 | ₹128.68 |
| 22 Sep 2026 | QE SECURITIES LLP | BUY | 11,04,496 | ₹128.56 |
| 22 Sep 2026 | HRTI PRIVATE LIMITED | SELL | 10,48,543 | ₹128.36 |
| 22 Sep 2026 | HRTI PRIVATE LIMITED | BUY | 8,91,632 | ₹128.38 |
| 21 Sep 2026 | QE SECURITIES LLP | SELL | 21,67,495 | ₹130.20 |
| 21 Sep 2026 | QE SECURITIES LLP | BUY | 20,81,872 | ₹131.21 |
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 1 Oct 2026 | Yashpal sharma · Promoter and Director | BUY | 18,000 | 0.21 |
| 1 Oct 2026 | Tarun Sharma · Promoter and Director | BUY | 17,000 | 0.20 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call · Q1FY2718 Sep 2026
- Results presentation30 Jun 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.