52-week range
Price risk
Balance sheet & cash
Was the rally earned?
- The share price was roughly flat over 1 year (+4%).
- The share count rose 38%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
What is the price implying?
At a P/E of 16.3x, the price would imply about 12.9%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Transportation The market-wide Expectations lists
What changed?
- Aug '26Share count is up 30.8% over 12 months.
- Aug '26Volume reached 17.9x its 50-day median on 2026-08-11; price +4.9% that day.
- Jun '26FII + DII holding fell 3.1 pts over 2 quarters to 2.7%.
- Jun '26Volume reached 6.0x its 50-day median on 2026-06-17; price +9.6% that day.
- Mar '26Fell 49% from the Aug 2025 peak to the Mar 2026 low.
- Jan '26Volume reached 6.2x its 50-day median on 2026-01-20; price -4.7% that day.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Are profits backed by cash?
1 of 4 checks are within range, 2 near a threshold, 1 beyond a threshold.
Tap a check to see how it is measured.
Other income reliance20%Near threshold
Other income as a share of pre-tax profit (trailing twelve months): 19.8%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate—Not enough data
Not enough reported data to compute this.
Cash conversion0.34xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.34x (cash from operations ₹34 cr, net profit ₹100 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow3 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
How rough has the ride been?
Monthly share price
Last 90 trading days
Drawdown from peak
Largest drawdowns
-48.9% (2025-08 peak to 2026-03 low, not yet recovered)
Most recent volume spikes
2026-08-28: 6.2x the 50-day median, price +3.5% that day
2026-08-25: 5.2x the 50-day median, price +2.6% that day
2026-08-24: 7.2x the 50-day median, price +6.8% that day
Where does it rank among Transportation peers?
Each cell is the company's percentile rank among its Transportation peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Transportation sector page Watch it move against Transportation in the Observatory
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
| Company | Sector | Similarity | Closest on |
|---|---|---|---|
| CHANDAN HEALTHCARE (CHANDAN) | Health Services | 54% | revenue, volatility |
| SAHANA SYSTEM (SAHANA) | Technology Services | 52% | market cap, revenue |
| IVALUE INFOSOLUTIONS (IVALUE) | Distribution Services | 49% | debt/equity, promoter holding |
| SYNCOM FORMULATIONS (INDIA) LT (SYNCOMF) | Health Technology | 47% | revenue, volatility |
| INDO BORAX & CHEMICALS (INDOBORAX) | Process Industries | 37% | revenue, volatility |
| ABS MARINE SERVICES (ABSMARINE) | Transportation | 0% | revenue, market cap |
| SHREEJI SHIPPING GLOBAL LIMITE (SHREEJISPG) | Transportation | 0% | ROCE, revenue |
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like FLYSBS AVIATION LIMITED today on valuation, return on capital, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −21% to +55% vs the market, against −3% for all non-financial companies in the same months.
- The gap against the base rate (+11.4%, 80% range −5.0% to +25.2%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 4 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 41 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| BHAGERIA Process Industries |
Jul 2020 | 8x | — | +11% | −20% | +46% |
| STEELCAS Non-Energy Minerals |
Oct 2023 | 19x | 42% | +50% | −8% | −14% |
| VIDHIING Consumer Non-Durables |
Aug 2020 | 13x | — | +46% | −9% | +149% |
| ADFFOODS Consumer Non-Durables |
Aug 2020 | 16x | 28% | +37% | −14% | +44% |
| RUPA Consumer Non-Durables |
Oct 2021 | 21x | 30% | +147% | −14% | −35% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and debt/equity. Not used (unavailable for this company): operating margin. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
Monthly history (15 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | 16.3x | ₹319 cr | 19.4% | 32.0% | 0.1x |
| 2026-09 | 17.8x | ₹319 cr | 19.5% | 32.0% | 0.1x |
| 2026-08 | 17.6x | ₹319 cr | 19.5% | 32.0% | 0.1x |
| 2026-07 | 13.3x | ₹319 cr | 19.5% | 32.0% | 0.1x |
| 2026-06 | 13.5x | ₹319 cr | 19.5% | 32.0% | 0.1x |
| 2026-05 | 18.9x | ₹194 cr | 18.5% | 35.0% | 0.1x |
| 2026-04 | 19.2x | ₹194 cr | 18.5% | 35.0% | 0.1x |
| 2026-03 | 16.2x | ₹194 cr | 18.5% | 35.0% | 0.1x |
| 2026-02 | 21.4x | ₹194 cr | 18.5% | 35.0% | 0.1x |
| 2026-01 | 19.9x | ₹194 cr | 18.5% | 35.0% | 0.1x |
| 2025-12 | 23.6x | ₹194 cr | 18.5% | 35.0% | 0.1x |
| 2025-11 | 25.6x | ₹194 cr | 18.5% | 35.0% | 0.1x |
| 2025-10 | 24.7x | ₹194 cr | 18.5% | 35.0% | 0.1x |
| 2025-09 | 23.3x | ₹194 cr | 18.5% | 35.0% | 0.1x |
| 2025-08 | 29.0x | ₹194 cr | 18.5% | 35.0% | 0.1x |