Skyways Air Services
Upcoming24–27 Aug 2026
Updated 2026-08-21 (IST)
Business overview
Established in 1984, Skyways Air Services Limited is a long-standing participant of India’s air freight forwarding and logistics sector. The company is actively engaged in providing a comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, technology-driven express cargo and parcel delivery, and a wide range of Value-Added Services (VAS) to support the diverse needs of its clientele across domestic and international markets.
Profit & Loss
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 1,289 | 2,248 | 2,813 | |
| Operating Profit | 48 | 86 | 126 | |
| OPM % | 3.8% | 3.9% | 4.5% | |
| Net Profit | 34 | 48 | 64 | |
| Total Debt | 357 | 558 | 624 |
Promoters
- MR. YASHPAL SHARMA — Chairman and Managing Director
- MR. TARUN SHARMA — Whole-Time Director
Strengths & risks
Company-stated strengths and disclosed risk factors from the offer document.
- Experienced Promoters (p.259)
- Comprehensive Range of Logistics Solutions (p.259)
- Broad network of partners that enhances our reach (p.259)
- Strong collaborations with a diverse and wide-ranging customer base (p.260)
- Information Technology and its Infrastructure driving Operational Effectiveness (p.261)
- Our 100% dependency on carriers for cargo transportation exposes us to risks related to capacity availability, cost fluctuations, and service disruptions. (p.31)
- Geopolitical tensions, conflicts, and global instability may adversely impact the global economy, supply chains, and our business and operations. (p.33)
- Any adverse developments affecting trade volumes and freight rates may have an adverse effect on our business, results of operations, and financial condition. (p.34)
- We rely on a limited number of suppliers and procure a significant portion of our cost of service from our top suppliers. (p.35)
- Our revenue is heavily reliant on our operations within certain geographical regions, particularly Asia. (p.35)
Peer comparison — DRHP median P/E 182.0x
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Delhivery Ltd | Rs 449.1 -1.1% | 360.1x | 10.7% | 3.0% | live |
| TVS Supply Chain Solutions Ltd | Rs 121.45 -1.3% | 78.4x | 8.7% | 0.9% | live |
| Mahindra Logistics Limited | Rs 401.1 -1.4% | 83.2x | 6.8% | 9.7% | live |
| Shadowfax Technologies Limited | Rs 255.45 +0.4% | 104.0x | 8.4% | — | live |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Market & competition
Our Company is consistently ranked No. 1 'Air Freight Forwarder' in terms of AWBs generation by World ACD for the last four calendar years 2022, 2023, 2024, and 2025.
Future outlook
Our company is focused on strengthening its operations by investing in infrastructure, improving efficiency, and expanding our global and regional networks to better meet customer needs and respond to emerging market opportunities. We plan to introduce an expanded range of services and operational capabilities, including traditional non-express freight, domestic air cargo, urban last-mile distribution, and specialized temperature-controlled logistics solutions. We will expand our foreign network by forging partnerships with local logistics providers, shipping lines, and airlines, establishing regional hubs in high-growth areas like Southeast Asia or the Middle East.
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Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
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