Flywings Simulator Training Centre Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹286 Cr
- P/E
- 25.89
- ROE
- 17.24%
- PEG
- 0.66
- Price to sales
- 11.67
- Debt to equity
- 0.12
- 52W high / low
- ₹289 / ₹145
- EBITDA margin
- 64.30%
- Net profit margin
- 45.08%
- Promoter holding
- 59.87%
- Sales (last year)
- ₹25 Cr
Incorporated in 2011, Flywings Simulator Training Centre Limited is engaged in Aviation Training located in Gurgaon.[1]
Guidance scorecard · Q1 FY27 call
What Flywings Simulator Training Centre's management guided
and where it ranks in Other Consumer Services
Other Consumer Services
RevenueQ1 FY27 call
20–40%- The new Mumbai training centre is expected to start contributing revenue by the last quarter of FY27 (January onwards).
- Full flight simulators have the potential to generate over USD 3 million (~INR 100 crores) annually each, with four simulators planned initially.
- Demand for simulator training is expected to grow significantly due to the upcoming Multi Pilot Licence (MPL) regulation requiring pilots to complete 200 simulator hours.
- The Indian aviation sector anticipates growth from the current ~750 narrow-body aircraft to about 2,000 aircraft by 2035, necessitating around 80-90 simulators, increasing simulator demand substantially.
- Component MRO business aims to reach INR 20-25 lakhs monthly revenue by mid-2027.
2 more points from Flywings Simulator Training Centre's call on revenue
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MarginsQ1 FY27 call
FlatSee what Flywings Simulator Training Centre said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Flywings is expanding its training facilities with a new Mumbai centre at Taloja MIDC, housing four simulators (including full flight, cabin crew, and helicopter simulators) and a water survival training pool.
- The Mumbai centre is expected to start operations by October FY26 with revenue beginning in the last quarter.
- The company is setting up a Flight Training Organization (FTO) at Dholera airport, Gujarat, pending final approvals, enabling pilot training from basic to commercial licensing and simulator training.
- They are leasing simulators from a Netherlands-based vendor instead of outright purchase, reducing upfront capital expenditure.
2 more points from Flywings Simulator Training Centre's call on capex
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FundraisingQ1 FY27 call
See what Flywings Simulator Training Centre said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Flywings Simulator Training Centre has secured lease agreements for simulators, with two Airbus A320 simulators arriving by October and two more planned for later.
- The lease model is unique in India; other providers require outright purchases costing around INR 120 crores per machine.
- Revenue from the new Mumbai facility is expected to begin by January FY27 after regulatory certification (RFT) from DGCA, expected by December.
- Positive interest and informal agreements with multiple airlines exist for the Mumbai facility, contingent on DGCA approval.
- IndiGo has signed a long-term contract for MRO services involving wheels, brakes, and batteries.
2 more points from Flywings Simulator Training Centre's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Other Consumer Services
on management's own guidance
- PhysicswallahGood growth2
- Mach Travel SolutionsGood growth1
- Vinsys IT Serv.Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Other Consumer Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Mach Travel Solutions | 20–40% | Up 0–2% | ₹505 Cr | 25.0 |
| 2 | Physicswallah | 20–40% | Flat | ₹37,519 Cr | 613.9 |
| 3 | Vinsys IT Serv. | 20–40% | Flat | ₹900 Cr | 30.3 |
| 4 | Flywings Simulator Training Centre LtdThis stock | 20–40% | Flat | ₹285 Cr | 25.7 |
| 5 | 20–40% | Flat | ₹250 Cr | — | |
| 6 | 20–40% | Flat | ₹65 Cr | 18.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Other Consumer Services rankingFinancials of Flywings Simulator Training Centre
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Flywings Simulator Training Centre
Shareholding breakup across reporting periods.
| Dec 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|
| Promoters + | 59.87% | 59.87% | 59.87% |
| FIIs + | 6.74% | 4.20% | 1.34% |
| DIIs + | 8.19% | 8.73% | 8.33% |
| Public + | 25.19% | 27.20% | 30.46% |
| No. of Shareholders | 949 | 358 | 325 |
Financials of Flywings Simulator Training Centre
Quarterly Results
Quarter-by-quarter operating performance
Financials of Flywings Simulator Training Centre
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 1 | 10 | 23 | 20 | 25 |
| Expenses + | 2 | 5 | 7 | 6 | 9 |
| Operating Profit | -0 | 6 | 16 | 14 | 16 |
| OPM % | -14% | 56% | 70% | 71% | 64% |
| Other Income + | 0 | 0 | 0 | 3 | 2 |
| Interest | 1 | 0 | 1 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -2 | 5 | 15 | 15 | 15 |
| Tax % | 67% | 12% | 33% | 29% | 26% |
| Net Profit + | -3 | 4 | 10 | 11 | 11 |
| EPS in Rs | -27.27 | 37.55 | 13.55 | 14.07 | 11.23 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Flywings Simulator Training Centre
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.07 | 8 | 10 |
| Reserves | -3 | 1 | 28 | 31 | 79 |
| Borrowings + | 13 | 8 | 10 | 18 | 11 |
| Other Liabilities + | 5 | 8 | 6 | 10 | 7 |
| Total Liabilities | 15 | 16 | 44 | 66 | 108 |
| Fixed Assets + | 5 | 5 | 15 | 15 | 15 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 16 | 22 |
| Other Assets + | 10 | 11 | 29 | 35 | 71 |
| Total Assets | 15 | 16 | 44 | 66 | 108 |
Financials of Flywings Simulator Training Centre
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 0 | 11 | 3 | 9 | 5 |
| Cash from Investing Activity + | 1 | -1 | -12 | -19 | -16 |
| Cash from Financing Activity + | -1 | -5 | 16 | 4 | 29 |
| Net Cash Flow | -0 | 5 | 6 | -6 | 18 |
| Free Cash Flow | 0 | 11 | -2 | 9 | 4 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -375% | 206% | 29% | 82% | 54% |
Financials of Flywings Simulator Training Centre
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 51 | 86 | 72 | 152 | 144 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 51 | 86 | 72 | 152 | 144 |
| Working Capital Days | 720 | -102 | 104 | 34 | 153 |
| ROCE % | 55% | 66% | 36% | 20% |
Guidance history
How Flywings Simulator Training Centre's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | — | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Flywings Simulator Training Centre's management said in earlier quarters
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