Chennai-based DGCA-approved non-scheduled air charter operator providing bespoke private jet travel to HNIs, UHNIs, celebrities and corporates via an asset-light dry- and wet-lease fleet, connecting Indian cities with destinations across si
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 2 | 2 | 2 | 3 | 13 | 17 | 17 |
| Reserves | 2 | 3 | 10 | 63 | 138 | 246 | 296 |
| Borrowings | 2 | 5 | 3 | 3 | 18 | 23 | 37 |
| Other Liabilities | 1 | 3 | 5 | 8 | 24 | 16 | 41 |
| Total Liabilities | 7 | 12 | 20 | 77 | 192 | 302 | 392 |
| AssetsFixed Assets | 0 | 0 | 0 | 5 | 5 | 7 | 7 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 7 | 12 | 20 | 72 | 186 | 294 | 384 |
| Total Assets | 7 | 12 | 20 | 77 | 192 | 302 | 392 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -4 | 1 | 4 | 1 | 0 | 32 |
| Cash from Investing | 0 | -1 | -2 | -37 | -28 | -134 |
| Cash from Financing | 4 | 0 | 1 | 42 | 69 | 118 |
| SummaryCapital Expenditure | — | — | — | — | — | — |
| Free Cash Flow | -4 | 1 | 4 | -4 | -1 | 29 |
| FCF Margin | — | — | — | — | — | — |
A per-share valuation needs positive trailing EPS and a live price.
FLYSBS doesn't have both right now.
Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.
Guides on how to read this kind of business and the numbers that matter.