Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹201 Cr.
Stock P/E
18.4
P/B
2.2
Current Price
₹197.7
Book Value
₹ 88.3
Face Value
10
52W High
₹248
52W Low
₹ 145
Dividend Yield
0%

Flywings Simulator Overview

Business

Flywings Simulator Training Centre Ltd. is an educational institution specializing in aviation training, primarily utilizing flight simulators. Its core business model revolves around providing comprehensive simulator-based training programs for aspiring pilots, existing aviation professionals, and potentially aviation enthusiasts. The company generates revenue by charging fees for various courses, simulator rental hours, and associated certifications required for pilot licensing and recurrent training. This includes, but may not be limited to, Commercial Pilot License (CPL) training, Airline Transport Pilot License (ATPL) preparation, Type Rating training, and specialized refresher courses, catering to the stringent requirements of aviation regulatory bodies.

Revenue Mix

Specific revenue mix data is not available. However, based on the company's name and industry, key revenue segments likely include:

Pilot Training Programs: Fees from structured courses for aspiring pilots (e.g., CPL, ATPL preparatory courses).

Type Rating Training: Specialized training on specific aircraft types for certified pilots.

Recurrent Training & Skill Enhancement: Programs for active pilots requiring periodic simulator checks and skill upgrades mandated by regulators and airlines.

Simulator Rental: Providing simulator access for individual practice or airline training.

Aviation Enthusiast Programs: Shorter, experiential simulator sessions for the general public (likely a smaller segment).

Industry

FWSTC operates within the highly specialized segment of aviation training under the broader Educational Institutions sector in India. The industry is characterized by high capital expenditure (due to costly simulators), stringent regulatory oversight (from bodies like DGCA in India), and a critical need for skilled instructors. Competition comes from other independent flight training organizations, integrated airline training academies, and potentially larger global aviation training providers. FWSTC's positioning likely focuses on providing advanced simulator facilities and specialized curriculum to cater to the growing demand for qualified aviation personnel in India and potentially the wider region. Its success depends on its reputation for quality training, regulatory compliance, and the availability of advanced simulation technology.

MOAT

While specific details for FWSTC are unavailable, potential competitive advantages in this industry include:

Regulatory Approvals & Certifications: Obtaining and maintaining approvals from aviation authorities (e.g., DGCA) for various courses and simulator types acts as a significant barrier to entry.

Specialized Equipment & Capital Intensity: The high cost of acquiring, maintaining, and upgrading advanced flight simulators deters new entrants.

Brand Reputation & Track Record: A strong reputation for producing competent pilots and a high success rate in job placements can attract students and airline partnerships.

Switching Costs: Students, once enrolled in a multi-year program, face high time and financial switching costs if they consider changing training centers.

Instructor Expertise: Access to and retention of highly experienced and qualified instructors, often ex-airline pilots, is a critical asset.

Growth Drivers

Growth in Air Travel: India's rapidly expanding aviation market and increasing passenger traffic drive demand for new pilots and aviation professionals.

Pilot Shortage: Global and regional pilot shortages necessitate increased training capacity.

Regulatory Mandates: Ongoing regulatory requirements for recurrent training and type ratings ensure a continuous demand for simulator services.

Technological Advancements: Adoption of newer, more realistic simulators can enhance training quality and attract students.

Government Initiatives: Policies supporting aviation skill development and infrastructure can create a conducive environment for growth.

Airline Partnerships: Collaborations with airlines for cadet programs or specialized training can secure consistent business.

Risks

Regulatory Changes: Changes in aviation training standards, licensing requirements, or simulator certification rules can necessitate costly upgrades or curriculum revisions.

Economic Downturns: A slowdown in economic growth can reduce discretionary spending on expensive aviation training and impact airline hiring, thus affecting enrollment.

High Capital Expenditure & Obsolescence: Simulators require significant upfront investment, ongoing maintenance, and regular upgrades to remain current, posing financial and technological obsolescence risks.

Intense Competition: Competition from established flight academies, airline-affiliated training centers, and new entrants can pressure pricing and market share.

Instructor Availability & Retention: Shortage of qualified instructors or high turnover can impact training quality and capacity.

Reputational Damage: Any safety incident or perceived lapse in training quality can severely harm the company's reputation and enrollment.

Management & Ownership

Specific details regarding the promoters, management quality, and ownership structure of Flywings Simulator Training Centre Ltd. are not available. In highly regulated and specialized industries like aviation training, experienced management with strong industry knowledge, operational expertise, and a robust understanding of regulatory compliance is crucial for success. The ownership structure typically influences long-term strategic decisions and access to capital.

Outlook

Flywings Simulator Training Centre Ltd. operates in a sector with significant long-term growth potential, driven by India's expanding aviation market and the global demand for skilled pilots. The bull case for FWSTC rests on its ability to leverage this demand by providing high-quality, regulator-approved training using advanced simulators. A strong reputation, successful student placements, and potential partnerships with airlines or educational institutions could fuel growth and establish it as a leading training provider.

However, the company faces inherent challenges. The bear case highlights the substantial capital expenditure required for simulator acquisition and maintenance, intense competition, and the sensitivity of enrollment to economic cycles and regulatory shifts. Inability to adapt to technological advancements, attract and retain qualified instructors, or manage regulatory compliance effectively could impede growth and profitability. The company's future success will depend on its operational efficiency, strategic positioning, and agility in navigating a dynamic and capital-intensive industry.

Flywings Simulator Share Price

Live · NSE · Inception: 2011
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Flywings Simulator Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Flywings Simulator Profit & Loss

#(Fig in Cr.) Mar 2025 TTM
Net Sales 20
Other Income 3
Total Income 24
Total Expenditure 6
Operating Profit 18
Interest 2
Depreciation 1
Exceptional Income / Expenses 0
Profit Before Tax 15
Provision for Tax 4
Profit After Tax 11
Adjustments 0
Profit After Adjustments 11
Adjusted Earnings Per Share 14.2

Flywings Simulator Balance Sheet

#(Fig in Cr.) Mar 2025
Shareholder's Funds 39
Minority's Interest 0
Borrowings 8
Other Non-Current Liabilities -0
Total Current Liabilities 18
Total Liabilities 64
Fixed Assets 9
Other Non-Current Assets 29
Total Current Assets 27
Total Assets 64

Flywings Simulator Cash Flow

#(Fig in Cr.) Mar 2025
Opening Cash & Cash Equivalents 11
Cash Flow from Operating Activities 9
Cash Flow from Investing Activities -21
Cash Flow from Financing Activities 6
Net Cash Inflow / Outflow -6
Closing Cash & Cash Equivalent 6

Flywings Simulator Ratios

# Mar 2025
Earnings Per Share (Rs) 14.24
CEPS(Rs) 15.02
DPS(Rs) 0
Book NAV/Share(Rs) 50.92
Core EBITDA Margin(%) 70.73
EBIT Margin(%) 84.76
Pre Tax Margin(%) 73.72
PAT Margin (%) 54.02
Cash Profit Margin (%) 56.97
ROA(%) 16.94
ROE(%) 27.98
ROCE(%) 29.99
Receivable days 151.59
Inventory Days 0
Payable days 0
PER(x) 0
Price/Book(x) 0
Dividend Yield(%) 0
EV/Net Sales(x) 0.79
EV/Core EBITDA(x) 0.9
Net Sales Growth(%) 0
EBIT Growth(%) 0
PAT Growth(%) 0
EPS Growth(%) 0
Debt/Equity(x) 0.46
Current Ratio(x) 1.49
Quick Ratio(x) 1.49
Interest Cover(x) 7.68
Total Debt/Mcap(x) 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR — — — —
Operating Profit CAGR — — — —
PAT CAGR — — — —
Share Price CAGR — — — —
ROE Average +28% +28% +28% +28%
ROCE Average +30% +30% +30% +30%

Flywings Simulator Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 59.87 %
FII 4.2 %
DII (MF + Insurance) 8.73 %
Public (retail) 27.2 %
# Mar 2026
Promoter 59.87
FII 4.2
DII 8.73
Public 27.2
Others 0
Total 100

Flywings Simulator Peer Comparison

Educational Institutions Edit Columns

Flywings Simulator Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Flywings Simulator Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 28%
  • Company has reduced debt.

Cons

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