Services stocks · Micro cap · NSE
Skyways Air Services Limited is a freight forwarding and logistics company providing integrated Air, Ocean, Trucking, and Express services globally and domestically, recognized in the World ACD Global Top 50.
SMA20 -12.6% / mo · MACD +
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Daily history is available from 2026-09-01; the requested 1Y window is partially covered.
Adjusted completed-session prices, rebased to 100
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Weak fundamentals, management trust is not scored yet, price trend is neutral, and result consistency is still building.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Revenue +90.5% · PAT +145.4% YoY
Price trend and sector-relative-strength timing.
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Management reliability not computed yet.
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Rev +90% YoY · PAT +145% YoY · +54% QoQ · operating leverage · margin compression
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,217 Cr | +90.5% | +54.4% |
| EBITDA | ₹50 Cr | +85.2% | +42.9% |
| Operating margin | 4.1% | -20 bps | -30 bps |
| PAT | ₹27 Cr | +145.4% | +22.7% |
| PAT margin | 2.2% | +50 bps | -57 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Updated 4/11/2026
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Signals are conflicting — long-term trend unclear. RSI 49. Wait for confirmation.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
U-Score 27 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Top U-Score contributors and drags from the latest stored fundamentals.
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
12 stored score snapshots. Latest stored move: +0 points.
Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Growth engines, risks, management commitments and evidence-backed delivery
Q1FY27 revenue surged 90.4% YoY to Rs. 1,21,653.5 lakhs with PAT jumping 143.3% YoY to Rs. 2,679.0 lakhs, driven by higher cargo volumes, robust yields, and expanding operating leverage.
The investment thesis is intact as the company leverages its integrated logistics network to capture market share, growing export volumes faster than the broader Indian market while expanding net profit margins to 2.20%.
Latest issuer-disclosed distribution across 6 reported categories.
Ranked #44 globally in World ACD ranking by chargeable weight, being the only Indian company featured in the Global Top 50.
Q1FY27 export volumes grew 19% YoY to 19,391 tons, constituting 6.2% of pan-India export volumes and outperforming broader India export growth.
Express cargo revenue grew 63.7% YoY to Rs. 6,258.52 lakhs in Q1FY27, supported by a domestic network covering 1,204 PIN codes.
Brent crude climbed to a peak of $110 per barrel in May 2026, contributing to unusually high global freight rates.
Combination of stronger cargo demand and demand growing faster than capacity in key months.
Strait of Hormuz effectively closed after late-February 2026 escalation, impacting around 25% of global crude oil flows.
Finance costs increased to Rs. 1,707.3 lakhs in Q1FY27 compared to Rs. 1,078.4 lakhs in Q1FY26.
Cost of services rose to Rs. 1,10,935.3 lakhs in Q1FY27 from Rs. 56,998.3 lakhs in Q1FY26 in line with revenue expansion.
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Year-over-year comparisons best capture scale expansion, volume growth, and structural improvements in yield across air and ocean segments.
Air cargo volumes reached 23,486 tons in Q1FY27, up 23% YoY from 19,095 tons in Q1FY26.
Average air cargo yield increased by 60% YoY to Rs. 416 per Kg in Q1FY27 from Rs. 259 per Kg in Q1FY26.
Ocean cargo TEUs shipped grew 17.7% YoY to 8,022 TEUs in Q1FY27 from 6,817 TEUs in Q1FY26.
Ocean yield rose 39.3% YoY to Rs. 1,90,258 per TEU in Q1FY27 from Rs. 1,36,596 per TEU in Q1FY26.
Management stated that operating seamlessly across Air, Ocean, Trucking, and Express networks allows the company to capture higher yields and solve complex supply chain disruptions.
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Yield Sustainability | Rs. 416 per Kg in Air Cargo for Q1FY27 | Sustained high freight yields amidst shifting global fuel and trade dynamics. |
| Export Market Share | 6.2% of pan-India export volumes in Q1FY27 | Continued outperformance relative to broader Indian export tonnage growth. |
| Finance Costs | Rs. 1,707.3 lakhs in Q1FY27 | Impact of borrowing costs on bottom-line conversion. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust asks a simple question: can investors rely on management behaviour and financial delivery? Trust Lite uses promoter alignment, cash conversion, leverage, and result consistency. Full transcript-based claim matching appears after enough documents are ingested.
Latest exchange and company disclosures found within the past two years.
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