# FlySBS Aviation share price today (FlySBS Aviation Ltd, NSE: FLYSBS)

> FlySBS Aviation share price today: ₹548.20 at the NSE close on 3 November 2026, down 0.5% in a year. FlySBS Aviation (NSE: FLYSBS) is worth ₹950 crore, trades at a P/E of 15.7 and has closed between ₹360.45 and ₹702.65 over the past 52 weeks. > FlySBS Aviation Ltd's results are improving, while its P/E is near the low end of its own history over 1 year, higher than only 32% of past readings. FLYSBS · Transport - Airlines · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/flysbs-aviation-ltd

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## Key numbers

- Price: ₹548.20 (−0.5% in a year)
- P/E: 15.7× (lower than 68% of the last 1 year)
- Revenue (Mar 2026): ₹181 Cr (+64.5% on a year ago)
- Profit (Mar 2026): ₹37.0 Cr (+60.9% on a year ago)
- Operating margin: 21.0% (−8.0 points on a year ago)
- ROCE: 32%, FY26
- ROIC: 18.1%, against a 12.0% cost of capital: +6.1 points
- Profit that came in as cash: 34%, last 3 years

The main question: profits are rising, but only 34% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the FlySBS Aviation share price today? FlySBS Aviation Ltd's share price was ₹548.20 at the close on 3 November 2026. It has been rising for 11 weeks. That is 4.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹360 and ₹703, and at that close it sat 55% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 22 weeks in a row. Over the last 1 year the share price moved +22% while the NIFTY 500 moved −4%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at FlySBS Aviation this quarter? One change stood out: number of shareholders up 47% in a year. 1. Number of shareholders up 47% in a year 3,479 shareholders in the September 2026 quarter, against 2,368 a year earlier. ## What are FlySBS Aviation's latest quarterly results? For January to March 2026 (the quarter ended 31 March 2026), FlySBS Aviation reported revenue of ₹181 crore, up 64.5% from ₹110 crore a year earlier, and a profit of ₹37.0 crore, up 60.9% from ₹23.0 crore. ### FlySBS Aviation results: January to March 2026 against a year earlier

| Measure | January to March 2026 | January to March 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹181 crore | ₹110 crore | +64.5% |
| Profit | ₹37.0 crore | ₹23.0 crore | +60.9% |
| Earnings per share | ₹21.34 | ₹18.20 | +17.3% |
| Operating margin | 21.0% | 29.0% | −8.0 points |

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them. The newest call in our records is from 24 January 2026, about October to December 2025; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.)

## What is the FlySBS Aviation share price history? FlySBS Aviation closed at ₹548.20 on 3 November 2026, down 0.5% from ₹551.10 a year earlier (31 October 2025). Its highest weekly close since August 2025 was ₹702.65 on 11 September 2026. ### FlySBS Aviation share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹558.80 | −1.9% |
| 1 month ago · 1 Oct 2026 | ₹605.95 | −9.5% |
| 6 months ago · 30 Apr 2026 | ₹428.15 | +28.0% |
| 1 year ago · 31 Oct 2025 | ₹551.10 | −0.5% |
| Earliest weekly close in our records · 8 Aug 2025 | ₹448.85 | +22.1% |
| Highest weekly close since August 2025, also the 52-week high · 11 Sep 2026 | ₹702.65 | −22.0% |
| Lowest weekly close since August 2025 · 27 Mar 2026 | ₹373.90 | +46.6% |
| 52-week low (weekly close) · 30 Mar 2026 | ₹360.45 | +52.1% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (70 weekly closes from 8 August 2025 to 3 November 2026.)

## What is the latest news on FlySBS Aviation? 3 Nov 2026: FlySBS Aviation closed at ₹548.20, down 1.9% on the week and down 9.5% on the month. Our read, 10 Oct 2026: A fleet-expansion opportunity whose operating growth is visible, but whose cash conversion, per-share economics and aircraft delivery remain insufficiently explained. ### Earlier

- Results for January to March 2026: Revenue up 64.5% and profit up 60.9% on a year earlier. - 24 Jan 2026: FlySBS Aviation held its results call for October to December 2025. ### Our read of the business

January to March 2026: Revenue growth offsets margin compression; fleet delivery remains unverified. (Our read after the January to March 2026 results, written 10 October 2026.)

## What dividend does FlySBS Aviation pay? FlySBS Aviation has paid no dividend on the NSE since its first NSE close in our records (8 August 2025), the start of the period we checked. No. FlySBS Aviation Ltd paid out 0% of its profit as dividends in each of its last 6 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## What did FlySBS Aviation management say on the latest results call? On the call for October to December 2025, held on 24 January 2026, FlySBS Aviation's management spoke about the quarter; the main points are below. > “We are targeting to add 5 more aircraft by March 31, 2026, making it 8 aircraft total, and the 9th will join in Q1 FY27. Once our fleet plan is achieved, we will unleash an aggressive marketing strategy”
> Captain Deepak Parashuraman, on the call for October to December 2025

Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/58959-24-Jan-2026.pdf). (From the call for October to December 2025, 24 January 2026. The January to March 2026 results are out since, so this part may be out of date until we update it.)

## What is the future of FlySBS Aviation? What is changing in the business? The changes showing up in FlySBS Aviation's own numbers are a bigger market to serve. It is too early to say whether they last. A bigger market to serve too early to call

Management says demand for private jets in India far exceeds supply: only 110 private jets in India (70 available for charter) against 15,800 in the US, and the company turns away more than 30-40% of inquiries for lack of aircraft. It cites industry growth of 15% a year. Company revenue grew from ₹194 crore in FY25 to ₹319 crore in FY26 (+64%). Why it may last: Private charter demand depends on wealthy clients' spending and has not been seen through a downturn, and the market-size figure in the summary does not add up. What could be flattering it: A market-size story standing in for company execution, or the company losing share of a booming market. Next check: Revenue in Apr-Sep 2026 grows at least in line with the fleet (more aircraft should bring more revenue), with management still reporting turned-away inquiries. Quarter by quarter, 1 quarter

October to December 2025

One call only. Company revenue grew far faster than the 15% industry figure in both halves: Apr-Sep 2025 ₹138 crore vs ₹84 crore (+64%), Oct 2025-Mar 2026 ₹181 crore vs ₹110 crore (+64%). FY25 had grown from ₹106 crore to ₹194 crore (+83%). ✓ fact

From our notes of the call for October to December 2025: Only 110 private jets in India versus 15,800 in US; 70 available for charter. We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Checked against results and calls up to October to December 2025, 10 October 2026. The January to March 2026 results are out since, so this part may be out of date until we update it.)

## What could change the FlySBS Aviation story? What are the risks? A subsequent reporting period showing that additional aircraft are operating while recurring operating profit fails to improve and receivables continue absorbing the resulting earnings would break the capacity-led case. ### Each change stops working if

- Aircraft availability converts unmet enquiries: Aircraft become available but bookings, departures and recurring operating profit fail to rise. - International charter capability: Long-haul aircraft enter service but international revenue and collected charter receipts do not expand. - Repeat customers reduce the fleet ramp burden: Fleet availability improves while repeat bookings or collected revenue fail to keep pace. ### The main risks

- Profit-to-cash gap: Receivables absorb earnings, and the collection explanation is missing. ⚠ estimate
- Unidentified non-operating earnings: Other income contributes to earnings, but its source and recurrence are unknown. ⚠ estimate
- Unreconciled share-base expansion: Aggregate profit growth overstates the observed per-share improvement. ⚠ estimate
- Margin benefit fails to reach shareholders: The lease-transition narrative has not offset reported margin compression. ⚠ estimate

(Our read after the January to March 2026 results, written 10 October 2026.)

## What to watch in FlySBS Aviation's next results? When FlySBS Aviation reports April to June 2026, these are the check that show whether the story is still on course. First: Revenue in Apr-Sep 2026 grows at least in line with the fleet (more aircraft should bring more revenue), with management still reporting turned-away inquiries. | What to check | Why |
| --- | --- |
| Revenue in Apr-Sep 2026 grows at least in line with the fleet (more aircraft should bring more revenue), with management still reporting turned-away inquiries. | A bigger market to serve |

## Which stock lists is FlySBS Aviation on? FlySBS Aviation is on one of our India lists: Multibagger study list. [Multibagger study list Study stage: middle](https://www.sectoralpha.in/multibagger-stocks-india)

## Is FlySBS Aviation profitable? FlySBS Aviation Ltd earned ₹37.0 Cr of net profit in the Mar 2026 quarter, +60.9% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹61.0 Cr. Over 5 years profit has grown 98.1% a year on average. That is 20.4% of the quarter's revenue. For the full year, FY26 profit was ₹61.0 Cr (+117.9% on the year before). FY26-Q2. revenue ₹138 Cr and profit ₹24 Cr as reported. FY26-Q4. revenue ₹181 Cr and profit ₹37 Cr as reported. Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How much revenue does FlySBS Aviation make, and is it growing? FlySBS Aviation Ltd reported ₹181 Cr of revenue in the Mar 2026 quarter, +64.5% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 5 years it has grown 81.9% a year on average. The last full year, FY26, came in at ₹319 Cr. Why this happened. Management identifies aircraft availability as the constraint and specifies an induction plan. Customers benefit from additional itinerary availability; FlySBS benefits only when those enquiries become paid flights at yields that cover lease, crew and maintenance costs. Identified aircraft and refurbishment are progress toward capacity, not evidence of completed induction. The first incremental contribution begins after approval and commercial deployment. Competitor capacity additions and the conversion rate of rejected enquiries are unknown. FY26 revenue was ₹319 Cr, +64.4% on the year before. Recent pace: the last four quarters grew +64.4% on average, against 81.9% a year over the longer run, so this year is growing slower than its own long-run rate. FY26-Q2. revenue ₹138 Cr and profit ₹24 Cr as reported. FY26-Q4. revenue ₹181 Cr and profit ₹37 Cr as reported. Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does FlySBS Aviation keep? FlySBS Aviation Ltd's operating margin was 21.0% in the Mar 2026 quarter, 8.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 6 years it has been between 4.3% and 22.0%. The latest quarter is within that range. Why this happened. The Cost Transformation Flywheel applies to management's stated shift toward dry leases: the operator controls more cost decisions and may retain the savings. The gain belongs to shareholders only after lease obligations, staffing, maintenance and downtime. Reported margin compression means the financial observations do not yet corroborate a sustained margin uplift. This is part of the same fleet mechanism as aircraft availability, so its profit contribution must not be counted twice. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. FY26-Q2. revenue ₹138 Cr and profit ₹24 Cr as reported. FY26-Q4. revenue ₹181 Cr and profit ₹37 Cr as reported. Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## Is FlySBS Aviation's profit turning into cash? Over the last 3 years, 34% of FlySBS Aviation Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹32.0 Cr of operating cash against ₹61.0 Cr of profit. After ₹3.0 Cr of spending on assets, ₹29.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 34% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: the bigger use of cash is spending on new assets, at 8.0× depreciation over three years. The next section checks what that spending is building. ## Where does FlySBS Aviation's cash go? FlySBS Aviation Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 44 days in FY26, down from 46 days in FY21. It spent ₹8.0 Cr on assets over the last 3 years. At FY26 sales of ₹319 Cr, each day of that cycle ties up about ₹0.9 Cr, so roughly ₹38.0 Cr is tied up in the business at any time. Spending on assets: ₹8.0 Cr over the last 3 years, against ₹1.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is FlySBS Aviation's P/E ratio, and how does it compare with its own history? FlySBS Aviation Ltd's P/E is 15.7×, near the low end of its own history: it has been lower only 32% of the time. Its usual P/E (the middle reading) is 17.6×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +57.6% while the price moved −0.5%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the FlySBS Aviation business getting better or worse? FlySBS Aviation Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## What is the FlySBS Aviation story, and has it been checked? FlySBS Aviation Ltd's story is not scored yet against the checks our research set on 10 October 2026. Where it sits in its own cycle: MID EXPANSION. Our read, 10 October 2026. A fleet-expansion opportunity whose operating growth is visible, but whose cash conversion, per-share economics and aircraft delivery remain insufficiently explained. What is proven. A fleet-expansion opportunity whose operating growth is visible, but whose cash conversion, per-share economics and aircraft delivery remain insufficiently explained. What is not proven yet. A subsequent reporting period showing that additional aircraft are operating while recurring operating profit fails to improve and receivables continue absorbing the resulting earnings would break the capacity-led case. What would change our mind. A subsequent reporting period showing that additional aircraft are operating while recurring operating profit fails to improve and receivables continue absorbing the resulting earnings would break the capacity-led case. The test written in advance. A subsequent reporting period showing that additional aircraft are operating while recurring operating profit fails to improve and receivables continue absorbing the resulting earnings would break the capacity-led case. Measured by: the thesis as written as stated by the next result. The test written in advance. Profit-to-cash gap. Measured by: Profit-to-cash gap Operating cash conversion fails to improve while debtor days rise in the next annual disclosure. by the next result. The test written in advance. Unidentified non-operating earnings. Measured by: Unidentified non-operating earnings Profit remains dependent on unexplained other income while operating margin fails to recover. by the next result. What the surface reading misses. The surface reading is: Higher reported profit appears to demonstrate continuing expansion. The research reads it further: Revenue growth outweighs margin compression, while profit before tax in the supplied ledger exceeds operating profit after interest. Operating growth is evident, but the remaining earnings bridge is unexplained. What the surface reading misses. The surface reading is: The profit increase appears to be an accelerating earnings trajectory. The research reads it further: The comparable base had much lower operating margin, so both revenue expansion and base-period margin recovery drive the profit increase. Lever 10 · New geographies: building. Long-haul aircraft could extend an already evidenced international revenue base. What proves it keeps working: International charter capability. It stops working if Long-haul aircraft enter service but international revenue and collected charter receipts do not expand. Sources: our stock research file (10 October 2026) · quarterly results through Mar 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## How much does FlySBS Aviation earn on its capital? FlySBS Aviation Ltd earned a ROCE of 32% in FY26. That is up from a low of 22% in FY22. Its return on capital used (ROIC) is 6.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 19.1% net margin and 0.81× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 19.1% net margin × 0.81× asset turnover × 1.25× leverage (assets divided by equity) ≈ 19.3% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 18.1% − 12.0% = +6.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 18.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 25.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does FlySBS Aviation have too much debt? FlySBS Aviation Ltd had ₹37.0 Cr of borrowings against ₹313 Cr of equity in FY26, so its debt is 0.12× its equity. Its operating profit is 23 times its interest bill. Over 5 years borrowings went from ₹2.0 Cr to ₹37.0 Cr. Over the last 3 of those years it spent ₹8.0 Cr on assets. Part of the spending on assets is being paid for with borrowed money. ## What is the FlySBS Aviation shareholding pattern? No group of FlySBS Aviation Ltd's owners changed its stake by a full percentage point over the last 4 quarters. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. ## How far is FlySBS Aviation from balance-sheet trouble? For FlySBS Aviation Ltd, the Z-score is 9.00. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 9.00 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does FlySBS Aviation rank in its industry? 58.7 out of 100, rank 1 of 1 in Transport - Airlines, with 40% of the evidence available. It is provisional, so it is ranked below companies with full evidence. FlySBS Aviation Ltd scores 58.7 out of 100 against the 1 companies it is compared with in Transport - Airlines, ranking 1. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 14.2 + 22 + 10 + 12.5 = 58.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is FlySBS Aviation compared with? FlySBS Aviation ranks 1 of 1 Transport - Airlines companies on the 4-Factor Sector Score, with 58.7 out of 100. 1. FlySBS Aviation Ltd this page FLYSBS · breaking out · Too little evidence to rank firmly · 40% evidence 58.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.2/35 · Revenue n/a · Profit n/a · Operating margin change -8 points · 27% evidence Capital efficiency 22.0/25 · ROCE 32.5% · Operating margin 21% · 100% evidence Valuation 10.0/20 · P/E 16.3× · PEG n/a · 0% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 19.4% · 1 year 3.7% · 25% evidence · 11 of 12 weeks ahead Exact sum: 14.2 + 22 + 10 + 12.5 = 58.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Mar 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Transport - Airlines](https://www.sectoralpha.in/sectors/transport-airlines), all 1 compared on one page. ## Which companies are close to FlySBS Aviation in size? FlySBS Aviation is the only Transport - Airlines company on Sector Alpha (scores of 30 October 2026), so the companies closest to it in market value across all industries are listed: Remus Pharmaceuticals, Saraswati Commercial (India), IRM Energy and Kamdhenu. ### Companies close in size in other industries

1. [Remus Pharmaceuticals Ltd](https://www.sectoralpha.in/stocks/remus-pharmaceuticals-ltd) ₹994 crore · Pharma - Others
2. [Saraswati Commercial (India) Ltd](https://www.sectoralpha.in/stocks/saraswati-commercial-indialtd) ₹991 crore · Finance & Investments - Others
3. FlySBS Aviation Ltd ₹989 crore
4. [IRM Energy Ltd](https://www.sectoralpha.in/stocks/irm-energy-ltd) ₹988 crore · LPG Bottling
5. [Kamdhenu Ltd](https://www.sectoralpha.in/stocks/kamdhenu-ltd) ₹988 crore · Steel Products

## What else do people ask about FlySBS Aviation? ### What is FlySBS Aviation's share price today? FlySBS Aviation Ltd's share price is ₹548.20, −0.5% over the past year. The whole company is worth ₹950 Cr on the market. In the last 52 weeks it traded between ₹360 to ₹703; today it is 55% of the way up from the low, 4.1% above its 200-day average (as of 3 November 2026). ### What were FlySBS Aviation's latest quarterly results? FlySBS Aviation Ltd reported revenue of ₹181 Cr and net profit of ₹37.0 Cr for the Mar 2026 quarter. Revenue rose 64.5% and profit rose 60.9% compared with a year earlier. Earnings per share were ₹21.34. The operating margin was 21.0%, 8.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is FlySBS Aviation's market cap? FlySBS Aviation Ltd's market capitalisation is ₹950 Cr at a share price of ₹548.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is FlySBS Aviation performing? FlySBS Aviation Ltd's share price has been rising for 11 weeks. In its latest quarter, revenue rose 64.5% and profit rose 60.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 22 weeks running (as of 3 November 2026). ### Will FlySBS Aviation's share price go up? This page does not forecast FlySBS Aviation Ltd's share price. What it shows instead: the share price is ₹548.20, and it has been rising for 11 weeks. Its P/E of 15.7× is higher than 32% of its own last 1 years (as of 3 November 2026). ### Who owns FlySBS Aviation? Promoters own 32.5% of FlySBS Aviation Ltd, foreign institutions 2.3%, domestic institutions 0.8% and the public 64.5% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Where is FlySBS Aviation in its business cycle? FlySBS Aviation Ltd's FY26 operating margin was 22.0%, against a 6-year range of 4.3% to 22.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 21.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the FlySBS Aviation story? The main question: profits are rising, but only 34% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is FlySBS Aviation a stock worth studying right now? What the numbers show: FlySBS Aviation Ltd's results are improving, while its P/E is near the low end of its own history over 1 year, higher than only 32% of past readings. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a FlySBS Aviation share price forecast for 2026? The changes showing up in FlySBS Aviation's own numbers are a bigger market to serve. It is too early to say whether they last. What would change the story: A subsequent reporting period showing that additional aircraft are operating while recurring operating profit fails to improve and receivables continue absorbing the resulting earnings would break the capacity-led case. ## Lists

- Multibagger study list: https://www.sectoralpha.in/multibagger-stocks-india

This is research, not advice. We’re not SEBI-registered.