The company specializes in comprehensive commercial aircraft training, covering areas like aviation procedures, in-flight services, first aid, safety, emergency evacuation, personality development, and more.
Operating from Gurgaon, Flywings Simulator Training Centre Limited serves esteemed clients, including A-rated domestic airlines like Vistara, Indigo, SpiceJet, Air India, and international airlines like Himalaya Airlines and WOW Air.
The company offers high-quality training programs focused on safety and emergency procedures, using advanced training devices like A-320 CEET, Boeing 787 door trainers, fire trainers, and water survival drills.
Over the past three financial years, the company has have delivered more than 20,000 individual training modules for aviation professionals through its specialized training infrastructure.
Services:
- Training Infrastructure Services – Business-to-Business (B2B)
- Training Services – Business-to-Customer (B2C) i.e., Cabin Crew Training and Ground Training.
Competitive Strengths:
- Simulator Infrastructure Aligned with Majority of Indian Fleet Types
- Recurring Revenue Streams Supported by High Switching Costs
- Regulatory Compliance Model That Enables Operational Flexibility
- Strategic Location with Significant Entry Barrier Advantages
| Period Ended | 30 Jun 2025 | 31 Mar 2025 |
|---|
| Assets | 59.40 | 64.65 |
| Total Income | 4.24 | 23.64 |
| Profit After Tax | 1.38 | 10.92 |
| EBITDA | 2.30 | 13.51 |
| NET Worth | 40.40 | 39.02 |
| Reserves and Surplus | 32.74 | 31.36 |
| Total Borrowing | 14.78 | 18.09 |
| Amount in ₹ Crore |
Key Performance Indicator (KPI)
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|
| ROE | 34.75% |
| ROCE | 28.62% |
| Debt/Equity | 0.37 |
| RoNW | 34.75% |
| PAT Margin | 54.02% |
| EBITDA Margin | 66.85% |
| Price to Book Value | 3.75 |
| | Pre IPO | Post IPO |
|---|
| EPS Rs | 14.24 | 5.42 |
| P/E (x) | 13.41 | 35.22 |
Note:
- The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025 that is available in RHP.
Objects of the Issue (Flywings Simulator Training IPO Objectives)
The Company Flywings Simulator Training IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|
| 1 | Capital Expenditure towards Pilot Training Equipments | 35.34 |
| 2 | General Corporate Purposes | |