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Global Vectra Helico Overview

Global Vectra Helicorp Limited (GVHL) is India’s largest private helicopter company, founded in 1997 and promoted by Non-resident Indian businessman Ravi Rishi. It has a fleet of 30 helicopters, operated by highly experienced and well-trained crews and maintained by a large team of professional engineers, technicians, and support staff. It has an unmatched safety record with over 260,000 hours of accident-free flying and safe carriage of over 4.6 million passengers. It has also been a pioneer for helicopter operations in the conduct of s...Read More

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Global Vectra Helico Key Financials

Market Cap ₹258 Cr.

Stock P/E -397.2

P/B -47.5

Current Price ₹184.5

Book Value ₹ -3.9

Face Value 10

52W High ₹284.1

Dividend Yield 0%

52W Low ₹ 130.3

Global Vectra Helico Share Price

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Volume
Price

Global Vectra Helico Quarterly Price

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Global Vectra Helico Peer Comparison

Global Vectra Helico Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 105 130 151 140 124 143 135 129 118 147
Other Income 9 3 4 3 9 2 38 2 14 1
Total Income 114 132 154 144 133 144 173 131 132 148
Total Expenditure 95 102 120 125 112 124 127 120 112 133
Operating Profit 19 30 34 18 21 21 46 11 20 15
Interest 10 8 9 9 8 8 8 7 9 11
Depreciation 18 17 19 18 18 17 17 17 19 20
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -9 5 6 -9 -5 -4 21 -13 -8 -16
Provision for Tax -2 2 0 -3 -1 -1 8 -4 -2 -5
Profit After Tax -7 3 6 -6 -4 -3 13 -9 -6 -11
Adjustments 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments -7 3 6 -6 -4 -3 13 -9 -6 -11
Adjusted Earnings Per Share -4.9 2.4 4.3 -4.4 -3 -2.1 9 -6.7 -4.4 -7.9

Global Vectra Helico Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 347 357 376 404 480 457 295 335 411 503 542 529
Other Income 10 34 12 3 8 29 31 41 36 22 51 55
Total Income 356 392 388 407 488 485 326 376 448 525 594 584
Total Expenditure 277 307 302 349 431 364 271 286 370 417 488 492
Operating Profit 79 85 85 58 58 121 55 90 78 108 106 92
Interest 17 15 23 21 14 24 18 17 21 34 33 35
Depreciation 26 30 38 38 39 94 83 80 75 72 70 73
Exceptional Income / Expenses 5 -13 0 0 2 0 0 0 0 0 0 0
Profit Before Tax 42 26 24 -1 7 3 -45 -7 -18 2 3 -16
Provision for Tax 19 13 8 1 0 0 -16 -2 -2 1 4 -3
Profit After Tax 23 13 16 -2 7 2 -29 -5 -17 1 -1 -13
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 23 13 16 -2 7 2 -29 -5 -17 1 -1 -13
Adjusted Earnings Per Share 16.5 9.2 11.4 -1.2 5 1.5 -20.9 -3.5 -11.9 0.9 -0.5 -10

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 8% 17% 3% 5%
Operating Profit CAGR -2% 6% -3% 3%
PAT CAGR -200% 0% NAN% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -10% 46% 33% 6%
ROE Average -3% -15% -21% -3%
ROCE Average 29% 22% 11% 13%

Global Vectra Helico Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 81 88 54 117 66 79 48 41 28 22 21
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 83 147 163 130 104 50 42 37 29 23 19
Other Non-Current Liabilities 22 33 61 78 67 263 219 235 288 378 298
Total Current Liabilities 282 357 339 302 400 414 396 404 423 504 453
Total Liabilities 468 624 617 628 638 807 705 717 768 928 791
Fixed Assets 335 447 463 421 403 552 440 406 423 483 442
Other Non-Current Assets 50 52 57 80 72 72 90 127 133 184 119
Total Current Assets 82 126 97 121 164 183 175 185 212 260 229
Total Assets 468 624 617 628 638 807 705 717 768 928 791

Global Vectra Helico Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 4 15 2 3 7 2 3 1 20 2 2
Cash Flow from Operating Activities 73 60 71 57 34 76 10 60 29 111 98
Cash Flow from Investing Activities 3 -31 -0 -5 -8 7 59 55 95 31 59
Cash Flow from Financing Activities -64 -43 -70 -48 -31 -82 -72 -95 -142 -142 -154
Net Cash Inflow / Outflow 11 -13 1 4 -5 2 -3 19 -19 1 2
Closing Cash & Cash Equivalent 15 2 3 7 2 3 1 20 2 2 5

Global Vectra Helico Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 16.52 9.22 11.36 -1.23 5.01 1.49 -20.91 -3.53 -11.88 0.86 -0.46
CEPS(Rs) 34.89 30.98 38.74 25.75 32.74 68.66 38.4 53.66 41.99 52.11 49.37
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -7.16 1.36 38.77 36.68 47.36 56.56 34.21 29.24 20.07 15.58 15.19
Core EBITDA Margin(%) 20.09 14.07 19.59 13.58 10.37 20.19 8.4 14.69 10.07 17.06 10.06
EBIT Margin(%) 16.85 11.4 12.52 4.95 4.39 5.84 -9.38 2.95 0.61 7.15 6.69
Pre Tax Margin(%) 12.04 7.18 6.46 -0.23 1.51 0.56 -15.4 -2.06 -4.48 0.46 0.6
PAT Margin (%) 6.67 3.61 4.23 -0.42 1.46 0.46 -9.91 -1.47 -4.04 0.24 -0.12
Cash Profit Margin (%) 14.08 12.14 14.43 8.91 9.54 21.05 18.2 22.41 14.3 14.51 12.75
ROA(%) 4.82 2.36 2.56 -0.28 1.11 0.29 -3.87 -0.69 -2.24 0.14 -0.08
ROE(%) 0 0 56.63 -3.25 11.93 2.86 -46.08 -11.11 -48.17 4.83 -3.02
ROCE(%) 25.7 15.66 15.02 6.46 8.12 14.17 -21.39 9.69 2.96 35.78 28.74
Receivable days 20.09 20.73 28.79 26.35 34.99 48.9 68.21 46.4 24.93 21.64 25.27
Inventory Days 14.89 15.71 16.93 16.59 17.21 20.14 29.95 25.93 21.99 19.59 20.79
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 2.52 9.06 10.12 0 13.81 23.6 0 0 0 142.83 0
Price/Book(x) -5.81 61.48 2.96 3.21 1.46 0.62 1.14 1.55 2.61 7.9 15.8
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.77 1.12 1.14 0.98 0.52 0.24 0.35 0.26 0.25 0.52 0.79
EV/Core EBITDA(x) 3.37 4.72 5.01 6.87 4.31 0.91 1.87 0.97 1.3 2.43 4.02
Net Sales Growth(%) 4.6 3.05 5.16 7.58 18.79 -4.92 -35.33 13.51 22.64 22.28 7.85
EBIT Growth(%) 94.18 -30.32 15.55 -57.44 5.18 26.68 -203.85 135.63 -74.78 1344.05 0.86
PAT Growth(%) 321.07 -44.18 23.26 -110.79 508.77 -70.37 -1507.94 83.14 -236.9 107.25 -153.92
EPS Growth(%) 321.06 -44.18 23.26 -110.79 508.75 -70.37 -1507.92 83.14 -236.9 107.25 -153.92
Debt/Equity(x) 2.94 3.42 5.01 1.51 2.4 0.91 1.24 1.35 1.55 4.93 4.79
Current Ratio(x) 0.29 0.35 0.29 0.4 0.41 0.44 0.44 0.46 0.5 0.52 0.51
Quick Ratio(x) 0.25 0.3 0.24 0.33 0.35 0.38 0.38 0.4 0.44 0.46 0.43
Interest Cover(x) 3.5 2.7 2.07 0.96 1.53 1.11 -1.56 0.59 0.12 1.07 1.1
Total Debt/Mcap(x) 2.82 1.98 1.69 1.07 1.64 1.48 1.09 0.87 0.59 0.62 0.3

Global Vectra Helico Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 75 75 75 75 75 75 75 75 75 75
FII 0 0 0 0 0 0 0.08 0.08 0.08 0.08
DII 0 0 0 0 0 0 0 0 0 0
Public 25 25 25 25 25 25 24.92 24.92 24.92 24.92
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Global Vectra Helico News

Global Vectra Helico Pros & Cons

Pros

  • Stock is trading at -47.5 times its book value
  • Company has reduced debt.

Cons

  • Company has a low return on equity of -15% over the last 3 years.
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