---
title: "Flywings Simulator Training Centre Ltd (FWSTC) — Share Price, Financials & Analysis"
symbol: "FWSTC"
company: "Flywings Simulator Training Centre Ltd"
canonical: "https://tapetide.com/stocks/FWSTC"
isin: "INE0SQZ01015"
nse_symbol: "FWSTC"
sector: "Consumer Services"
industry: "Education"
market_cap_cr: 194.38
generated_at: "2026-09-13T18:57:36.794Z"
---

# Flywings Simulator Training Centre Ltd (FWSTC)

Canonical page: https://tapetide.com/stocks/FWSTC

## Company

- **NSE Symbol:** FWSTC
- **ISIN:** INE0SQZ01015
- **Sector:** Consumer Services
- **Industry:** Education
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-12
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** fwstc.in

## About

Incorporated in 2011, Flywings Simulator Training Centre Limited is engaged in Aviation Training located in Gurgaon.[1]

## Latest Price

- **Price:** ₹185
- **Change:** -6 (-3.14%)
- **Open:** ₹185
- **Day High:** ₹185
- **Day Low:** ₹185
- **Previous Close:** ₹191
- **Volume:** 600
- **As Of:** 2026-09-11T06:27:37+00:00

## Key Fundamentals

Observed at 2026-09-11T04:49:54.577668Z.

- **Market Cap:** ₹194.38 Cr
- **Classification:** SME
- **P/E (reported):** 16.7
- **Book Value:** ₹88.29
- **Price to Book:** 2.16
- **Dividend Yield:** 0%
- **ROE:** 27.98%
- **ROCE:** 34.89%
- **Debt to Equity:** 0.12
- **Revenue (yearly):** ₹24.51 Cr
- **Net Income:** ₹11.19 Cr
- **EBITDA:** ₹15.73 Cr
- **52-Week High:** ₹248
- **52-Week Low:** ₹145
- **RSI (14):** 48.63

## Key Insights

### Strengths

- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 109 days to 189 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 166.11% | 492.64% | 329.86% |
| ebitda margin growth | 48% | -16.22% | — | — |
| net income growth | 64.29% | 2.66% | 39% | — |
| revenue growth | 50% | 3.86% | 33% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 7 | 13 | 10 | 14 |
| Expenses | 2 | 4 | 4 | 5 |
| Operating Profit | 5 | 10 | 6 | 9 |
| OPM % | 70 | 73 | 57 | 64 |
| Other Income | 0 | 3 | 0 | 1 |
| Interest | 0 | 1 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 4 | 11 | 5 | 10 |
| Tax % | 19 | 23 | 25 | 25 |
| Net Profit | 4 | 9 | 4 | 7 |
| EPS in Rs | 4.61 | 11.47 | 4.66 | 7.36 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 1 | 10 | 23 | 20 | 25 |
| Expenses | 2 | 5 | 7 | 6 | 9 |
| Operating Profit | 0 | 6 | 16 | 14 | 16 |
| OPM % | -14 | 56 | 70 | 71 | 64 |
| Other Income | 0 | 0 | 0 | 3 | 2 |
| Interest | 1 | 0 | 1 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -2 | 5 | 15 | 15 | 15 |
| Tax % | 67 | 12 | 33 | 29 | 26 |
| Net Profit | -3 | 4 | 10 | 11 | 11 |
| EPS in Rs | -3000 | 4130 | 1503.75 | 14.07 | 11.23 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.07 | 8 | 10 |
| Reserves | -3 | 1 | 28 | 31 | 79 |
| Borrowings | 13 | 8 | 10 | 18 | 11 |
| Other Liabilities | 5 | 8 | 6 | 10 | 7 |
| Total Liabilities | 15 | 16 | 44 | 66 | 108 |
| Fixed Assets | 5 | 5 | 15 | 15 | 7 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 16 | 27 |
| Other Assets | 10 | 11 | 29 | 35 | 74 |
| Total Assets | 15 | 16 | 44 | 66 | 108 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 11 | 3 | 9 | 0 |
| Cash from Investing Activity | 1 | -1 | -12 | -19 | -20 |
| Cash from Financing Activity | -1 | -5 | 16 | 4 | 37 |
| Net Cash Flow | 0 | 5 | 6 | -6 | 18 |
| Free Cash Flow | 0 | 11 | -2 | 9 | 0 |
| CFO/OP | -375 | 206 | 29 | 82 | 35 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 51 | 86 | 72 | 152 | 144 |
| Cash Conversion Cycle | 51 | 86 | 72 | 152 | 144 |
| Working Capital Days | 720 | -102 | 104 | 34 | 189 |
| ROCE % | — | 55 | 66 | 36 | 20 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 85.69% | 59.87% |
| FIIs | 6.74% | 4.2% |
| DIIs | 0% | 8.73% |
| Government | 0% | 0% |
| Public | 0% | 14.06% |
| Others | 7.57% | 13.14% |
| No. of Shareholders | 36 | 358 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 1 / 9 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 193.07 | Sell |
| EMA (10) | 190.88 | Sell |
| SMA (20) | 192.43 | Sell |
| EMA (20) | 192.24 | Sell |
| SMA (50) | 193.06 | Sell |
| EMA (50) | 190.9 | Sell |
| SMA (100) | 183.98 | Buy |
| EMA (100) | 192.12 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.52 | Neutral |
| MACD (12,26,9) | -0.89 | Sell |
| Stochastic (14,3,3) | 34.87 | Neutral |
| ADX (14) | 13.86 | Neutral |
| Williams %R (14) | -60 | Neutral |
| ATR (14) | 6.59 | High Volatility |
| ROC (12) | -2.63 | Sell |
| Stoch RSI (14) | 45.5 | Neutral |
| UO (7,14,28) | 35.8 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - Newspaper notice published for 15th AGM on 29 September 2026 via VC/OAVM. | [Copy of Newspaper Publication 8 Sep - Newspaper notice published for 15th AGM on 29 September 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/FLYWINGSINC_08092026173707_Intimation_News_advt_Notice_S.pdf) |
| 8 June 2026 - Investor presentation shares FY26 revenue ₹24.5 crore, PAT ₹11.4 crore, and airline partnerships. | [Investor Presentation 8 June 2026 - Investor presentation shares FY26 revenue ₹24.5 crore, PAT ₹11.4 crore, and airline partnerships.](https://nsearchives.nseindia.com/corporate/FLYWINGSINC_08062026174903_Cover_and_IP_Signed_FWSTC_S.pdf) |
| 7 Sep - 15th AGM on 29 September 2026; book closure 22–29 September and e-voting from 26–28 September. | [General Updates 7 Sep - 15th AGM on 29 September 2026; book closure 22–29 September and e-voting from 26–28 September.](https://nsearchives.nseindia.com/corporate/FLYWINGSINC_07092026193249_Intimation_Book_closure.pdf) |
| 7 Sep - 15th AGM on 29 Sep 2026; shareholders to consider director appointment, capital increase and MD remuneration ratification. | [Shareholders meeting 7 Sep - 15th AGM on 29 Sep 2026; shareholders to consider director appointment, capital increase and MD remuneration ratification.](https://nsearchives.nseindia.com/corporate/FLYWINGSINC_07092026192829_Intimation_AGM_Notice_S.pdf) |
| 7 April 2026 - FWSTC received DGCA approval for SEP training on April 7, 2026, and outlined multi-city expansion. | [Press Release 7 April 2026 - FWSTC received DGCA approval for SEP training on April 7, 2026, and outlined multi-city expansion.](https://nsearchives.nseindia.com/corporate/FLYWINGSINC_07042026144123_Flywings_Press_and_Cover_S.pdf) |
| 6 May 2026 - Submitted newspaper ads for EGM notice to be held May 28, 2025. | [Copy of Newspaper Publication 6 May 2026 - Submitted newspaper ads for EGM notice to be held May 28, 2025.](https://nsearchives.nseindia.com/corporate/FLYWINGSINC_06052026222827_NSE_Intimation_Post_Dispatch_Flywings_s.pdf) |
| 6 Aug - AAI issued LOI on 5 Aug 2026 for FTO establishment at Dholera Airport, Gujarat. | [General Updates 6 Aug - AAI issued LOI on 5 Aug 2026 for FTO establishment at Dholera Airport, Gujarat.](https://nsearchives.nseindia.com/corporate/FLYWINGSINC_06082026163232_Disclosure_LOI_FTO_Flywings_S.pdf) |
| 6 April 2026 - DGCA approved SEP practical training at Gurugram facility, effective 30 March 2026. | [Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals 6 April 2026 - DGCA approved SEP practical training at Gurugram facility, effective 30 March 2026.](https://nsearchives.nseindia.com/corporate/FLYWINGSINC_06042026172020_Intimation_of_receipt_of_DGCA_Approval_FS.pdf) |
| 5 Sep - Board approved 15th AGM on Sept. 29, 2026, annual report, authorised capital hike to Rs. 25 crore. | [Outcome of Board Meeting 5 Sep - Board approved 15th AGM on Sept. 29, 2026, annual report, authorised capital hike to Rs. 25 crore.](https://nsearchives.nseindia.com/corporate/FLYWINGSINC_05092026183515_BM_Outcome_050926.pdf) |
| 5 May 2026 - Company published PAS-01 ads for proposed variation in IPO proceeds use on May 5, 2026. | [Copy of Newspaper Publication 5 May 2026 - Company published PAS-01 ads for proposed variation in IPO proceeds use on May 5, 2026.](https://nsearchives.nseindia.com/corporate/FLYWINGSINC_05052026212038_Intimation_of_News_ad_PAS-1-Flywings_S.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31771_FWSTC_2025_2026_A_16003988_07092026192512.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:57:36.794Z.