Fly SBS Unlisited Shares

About Fly SBS Unlisited Shares
FlySBS Aviation is quickly emerging as a transformative player in the Indian private aviation sector. By making private aviation more accessible and cost-effective, FlySBS offers a variety of services such as long-term charters, subscription-based models, and unique membership programs to cater to a diverse clientele, ranging from business travelers to High Net-Worth Individuals (HNIs) and Ultra High Net-Worth Individuals (UHNWI). The company’s innovative approach in offering affordable solutions has garnered attention, positioning FlySBS as an industry disruptor. As the demand for private jets in India continues to rise, investors and enthusiasts are looking closely at FlySBS Unlisted Share for potential growth.
Business Model: Affordable Private Aviation
FlySBS has developed a business model focused on democratizing private aviation by offering cost-effective leasing solutions and innovative programs. The company operates on a dry lease model, leasing aircraft instead of outright purchasing them. This flexible approach allows FlySBS to manage its fleet more efficiently and scale operations without significant capital investment. The diverse service offerings cater to different customer segments, including:
Long-Term Chartering: Providing clients with the option for extended use of aircraft.
Subscription-Based Programs: With plans like the “Je’time” Program, FlySBS offers tiered flight-hour packages tailored to various needs.
Membership Programs: Designed for frequent fliers to enjoy exclusive perks and discounted services.
Flexjet Program: For clients with moderate flying hours, offering a balance of flexibility and cost-efficiency.
Single-Time Charters: A pay-per-use option for occasional fliers.
Air-Time Share: This innovative program offers shared ownership, making private jet access more affordable.
By addressing the needs of business professionals, corporate clients, and affluent individuals, FlySBS aims to cater to those seeking both luxury and flexibility in private air travel.
The Founding Team and Leadership
The strength of FlySBS lies not just in its business model, but also in its visionary leadership. The company is guided by a team of aviation professionals with decades of experience:
Kannan Ramakrishnan, Founder Director, boasts over 30 years of experience in aviation, ensuring the company’s strategic direction.
Deepak Parasuraman, Founder Director, has 24+ years of experience in aviation and is also the founder of AFCOM Airlines, adding invaluable expertise to the leadership team.
Amba Shankar, Founder Director & CEO, with 30+ years in the industry, leads FlySBS with a focus on operational excellence and innovative thinking.
This team’s deep industry knowledge and strategic foresight provide a strong foundation for FlySBS’s continued growth.
Fleet and Dry Leasing Model
FlySBS operates a flexible fleet consisting of both small and mid-size jets, allowing the company to cater to a wide range of customer needs. The fleet includes:
Bombardier Challenger 605 (Mid-Size Jet): Seats 8-9 passengers and has a range of 6,205 km, perfect for long-haul travel.
Bombardier Learjet 45 (Small Jet): Seats 6-7 passengers with a range of 3,723 km, ideal for shorter, regional flights.
Embraer Legacy 600 (Large Jet): A 13-seat aircraft designed for luxurious group travel and long-distance flights.
FlySBS’s dry lease model offers operational scalability and financial flexibility, enabling the company to grow its fleet without the heavy upfront costs associated with aircraft ownership. This allows for seamless service delivery and the ability to adapt to market demands swiftly.
Revenue Streams and Growth Strategy
FlySBS generates revenue through a variety of channels, including on-demand charter services, subscription programs like “Je’time,” leasing agreements, and air-time share models. The company’s diversified revenue streams ensure consistent cash flow and enable further expansion.
The growth trajectory of FlySBS is impressive. The company plans to:
Expand its fleet: With the induction of 5 additional private jets by FY25.
Launch innovative programs: Including the “Je’time” program and a GPS-based “Je’tree” application to enhance private jet availability.
Penetrate key markets: Targeting major cities like Delhi, Mumbai, Bengaluru, and Chennai to build a robust HNI customer base.
International Expansion: FlySBS is setting up a Delaware-based company for aircraft ownership and leasing through Ireland and is exploring an IPO listing on the BSE SME Market.
The continued expansion and innovative approach position FlySBS for long-term growth, making its unlisted share an attractive investment for those looking to capitalize on the burgeoning private aviation sector in India.
Pros
Innovative Business Model – FlySBS makes private aviation more accessible through leasing, subscription, and shared ownership programs.
Experienced Leadership – Led by aviation experts with 20-30+ years of industry experience, ensuring strong strategic direction.
Diverse Revenue Streams – Earns from charters, memberships, leasing, and air-time share, reducing financial risk.
Cons
High Operational Costs – Aviation leasing and maintenance expenses can impact profitability.
Regulatory Challenges – Subject to stringent aviation laws and government policies that may affect operations.
Limited Market Reach – Primarily caters to HNIs/UHNWIs, restricting mass-market growth potential
Key Details
Metric | Value |
---|---|
Market Cap | ₹465.55 Cr |
P/E Ratio | 11.51× |
P/B Ratio | 7.04× |
Debt-to-Equity | 0.04 |
Return on Equity (ROE) | 17% |
Book Value/Share | ₹56.64 |
Earnings Per Share (EPS) | ₹34.67 |
Face Value | ₹10 |
Total Shares | 1,16,68,008 |
Particulars | Details |
---|---|
Share Name | Fly SBS (Unlisted) |
Share Price | ₹399.00 (Per Equity Share) |
Lot Size | 600 Shares |
52 Week High | ₹545 |
52 Week Low | ₹395 |
Depository | NSDL & CDSL |
PAN Number | AAECF1762D |
ISIN Number | INE0VCK01011 |
CIN | U62200TN2020PLC136959 |
RTA | Bigshare Services Pvt Ltd |
Financials
Particulars | FY 2024 | FY 2023 | FY 2022 |
---|---|---|---|
Revenue | 10,649 | 3,411 | 2,724 |
Cost of Material Consumed | 982 | 2,652 | 2,498 |
Gross Margins (%) | 90.78% | 22.25% | 8.3% |
Change in Inventory | -671 | 0 | 0 |
Employee Benefit Expenses | 87 | 62 | 13 |
Other Expenses | 8,687 | 231 | 95 |
EBITDA | 1,564 | 466 | 118 |
Operating Profit Margin (OPM) | 14.69% | 13.66% | 4.33% |
Other Income | 0.3 | 24 | 38 |
Finance Cost | 76 | 110 | 30 |
Depreciation & Amortization (D&A) | 95 | 1 | 1 |
EBIT | 1,469 | 465 | 117 |
EBIT Margin (%) | 13.79% | 13.63% | 4.3% |
Profit Before Tax (PBT) | 1,393 | 378 | 124 |
PBT Margin (%) | 13.08% | 11.08% | 4.55% |
Tax | 280 | 60 | 31 |
Profit After Tax (PAT) | 1,113 | 318 | 93 |
Net Profit Margin (NPM) | 10.45% | 9.32% | 3.41% |
Earnings Per Share (EPS) | ₹34.67 | ₹14.79 | ₹4.65 |
Ratio | FY 2024 | FY 2023 | FY 2022 |
---|---|---|---|
Operating Margin | 14% | 14% | 4% |
Net Profit Margin | 10% | 9% | 3% |
Return on Equity (ROE) | 17% | 28% | 21% |
Debt-to-Equity Ratio | 0.04 | 0.29 | 0.61 |
Current Ratio | 5.6 | 1.8 | 2.11 |
Dividend Payout | 0% | 0% | 0% |
Metric | Fly SBS | Global Vectra Helicorp | Afcom Holding |
---|---|---|---|
Market Cap (₹ Cr) | ₹613 | ₹382 | ₹2,210 |
Profitability Margin (%) | 10% | 0% | 17% |
Return on Capital Employed (ROCE) | 22% | 7% | 37% |
Return on Equity (ROE) | 17% | 4% | 29% |
Debt-to-Equity (D/E) Ratio | 0.04 | 37.7 | 0.06 |
Price-to-Earnings (P/E) Ratio | 15.14 | — | 68.8 |
Price-to-Book (P/B) Ratio | 9.28× | 31.8× | 11.6× |
Book Value per Share (₹) | ₹56.56 | ₹8.65 | ₹76.8 |
Liabilities | FY 2024 | FY 2023 | FY 2022 |
---|---|---|---|
Share Capital | 321 | 215 | 200 |
Face Value (₹) | 10 | 10 | 10 |
Reserves | 6,278 | 924 | 246 |
Borrowings | 255 | 336 | 274 |
Trade Payables | 48 | 18 | 105 |
Other Liabilities | 748 | 271 | 166 |
Total Liabilities | 7,650 | 1,764 | 991 |
Assets | FY 2024 | FY 2023 | FY 2022 |
---|---|---|---|
Fixed Assets | 804 | 7.5 | 8.6 |
Capital Work-in-Progress (CWIP) | 0 | 0 | 0 |
Investments | 0 | 0 | 0 |
Trade Receivables | 660 | 598 | 408 |
Inventory | 671 | 0 | 0 |
Other Assets | 5,515 | 1,158.5 | 574.4 |
Total Assets | 7,650 | 1,764 | 991 |