| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 6064 | 9827 | 11485 | 13216 |
| Cost of Material Consumed | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Gross Margins | 100 | 100 | 100 | 100 |
| Employee Benefit Expenses | 1410 | 1904 | 1916 | 1415 |
| Other Expenses | 4239 | 6879 | 7992 | 9880 |
| EBITDA | 415 | 1044 | 1577 | 1921 |
| OPM | 6.84 | 10.62 | 13.73 | 14.54 |
| Other Income | 24 | 61.5 | 21 | 32 |
| Finance Cost | 255 | 275 | 341 | 258 |
| D&A | 310 | 391 | 491 | 510 |
| EBIT | 105 | 653 | 1086 | 1411 |
| EBIT Margins | 1.73 | 6.64 | 9.46 | 10.68 |
| PBT | -126 | 439 | 765 | 1186 |
| PBT Margins | -2.08 | 4.47 | 6.66 | 8.97 |
| Tax | -33 | 107 | 252 | 324 |
| PAT | -93 | 332 | 513 | 862 |
| NPM | -1.53 | 3.38 | 4.47 | 6.52 |
| EPS | -0.93 | 3.32 | 5.13 | 7.76 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 6.84 | 10.62 | 13.73 | 14.54 |
| Net Profit Margin | -1.53 | 3.38 | 4.47 | 6.52 |
| Earning Per Share (Diluted) | -0.93 | 3.32 | 5.13 | 7.76 |
| Assets | 2023 | 2024 | 2025 |
|---|---|---|---|
| Fixed Assets | 2659 | 3373 | 3422 |
| CWIP | 0 | 0 | 960 |
| Investments | 0 | 0 | 0 |
| Trade Receivables | 230 | 62 | 1270 |
| Inventory | 234 | 291 | 464 |
| Other Assets | 1921 | 2045 | 5370 |
| Total Assets | 5044 | 5771 | 11486 |
| Liabilities | 2023 | 2024 | 2025 |
|---|---|---|---|
| Share Capital | 1000 | 1000 | 1110.9 |
| FV | 10 | 10 | 10 |
| Reserves | 536 | 613 | 2862 |
| Borrowings | 1810 | 2009 | 3266 |
| Trade Payables | 452 | 452 | 1671 |
| Other Liabilities | 1246 | 1697 | 2576.1 |
| Total Liabilities | 5044 | 5771 | 11486 |
| Cash-Flow Statement | 2023 | 2024 | 2025 |
|---|---|---|---|
| PBT | 439 | 765 | 1186 |
| OPBWC | 1052 | 1578 | 1923 |
| Change in Receivables | 430 | 168 | -1268 |
| Change in Inventories | 166 | -57 | -173 |
| Change in Payables | -468 | -1 | 1219 |
| Other Changes | 476 | -249 | -1816 |
| Working Capital Change | 604 | -139 | -2038 |
| Cash Generated From Operations | 1656 | 1439 | -115 |
| Tax | 53 | -52 | -291 |
| Cash Flow From Operations | 1709 | 1387 | -406 |
| Purchase of PPE | -951 | -52 | -1519 |
| Sale of PPE | 49 | -1225 | 0 |
| Cash Flow From Investment | -1567 | 0 | -41 |
| Borrowing | 106 | 198 | 1257 |
| Dividend | 0 | 0 | 0 |
| Equity | 0 | -1204 | 0 |
| Others From Financing | -275 | -342 | -248 |
| Cash Flow from Financing | -169 | -144 | 1009 |
| Net Cash Generated | -27 | 39 | 562 |
| Cash at the Start | 433 | 406 | 277 |
| Cash at the End | 406 | 445 | 839 |
Himalayan Heli Services is a prominent aviation company in India, specializing in helicopter charter services, aerial logistics, and mountain aviation operations. With decades of experience navigating challenging terrains, the company has built a reputation as one of the most reliable helicopter service providers in the Himalayan region. Himalayan Heli Services is widely known for its critical role in pilgrimage operations, especially helicopter services for the Kedarnath Yatra and other high-altitude religious destinations. Its fleet consists of modern, high-performance helicopters capable of operating in extreme weather conditions and difficult mountainous landscapes. The company’s focus on operational safety, precision flying, and customer convenience has helped it establish trust among both government bodies and private clients.
Over the years, Himalayan Heli Services has expanded its operational footprint beyond pilgrimage routes to include air ambulance services, aerial surveillance, flood relief operations, and VIP charters. The company works closely with several state governments by supporting disaster management efforts, emergency evacuations, and search-and-rescue missions across remote terrains. Its team of highly trained pilots, experienced engineers, and dedicated ground staff ensures smooth, safe, and efficient operations. The company also emphasizes ongoing aircraft maintenance, regulatory compliance, and technological upgrades to meet the highest aviation standards. These efforts have enabled Himalayan Heli to maintain an impeccable safety record and become a preferred service provider in the mountain aviation ecosystem.
With rising tourism, infrastructure development, and increasing demand for specialized helicopter services in India, Himalayan Heli Services is well-positioned for sustained growth. The company continues to explore newer routes, expand its fleet, and strengthen its operational capabilities to meet the needs of both commercial and emergency aviation sectors. Additionally, the government’s growing focus on regional air connectivity and heliport development under UDAN schemes could further enhance the company’s opportunities. While the aviation sector requires high investment and operational expertise, Himalayan Heli Services’ established market position, reliability, and specialized capabilities make it a strong contender in India’s expanding helicopter aviation landscape.
1. What are unlisted shares?
Unlisted shares are stocks of companies that are not traded on recognized stock exchanges like the National Stock Exchange or Bombay Stock Exchange. These shares are typically traded privately through brokers or platforms.
2. How can I buy unlisted shares in India?
You can buy unlisted shares through specialized brokers, wealth management firms, or private deals. The shares are transferred to your Demat account via off-market transactions.
3. Are unlisted shares legal in India?
Yes, investing in unlisted shares is completely legal in India, as long as transactions comply with regulations set by the Securities and Exchange Board of India.
4. What are the risks of investing in unlisted shares?
Unlisted shares carry higher risks, including low liquidity, limited transparency, price volatility, and lack of regulatory oversight compared to listed stocks.
5. How is the price of unlisted shares determined?
The price is usually based on company performance, demand-supply, recent funding rounds, and financial valuations. Unlike listed stocks, there is no real-time market pricing.
6. Can unlisted shares become listed in the future?
Yes, companies may go public through an IPO. For example, firms preparing for listing on exchanges like the National Stock Exchange can provide significant returns to early investors.
7. What is the tax treatment of unlisted shares?
Unlisted shares are taxed as capital gains. If held for more than 24 months, they are treated as long-term capital assets and taxed accordingly under Indian tax laws.
8. Do unlisted shares pay dividends?
Yes, some unlisted companies distribute dividends, but it depends on the company’s profitability and policies. Dividend payouts are not guaranteed.
9. Can I sell unlisted shares easily?
Selling unlisted shares can be difficult due to limited buyers and lack of a formal exchange. You typically need a broker or a willing buyer for an off-market transaction.
10. Who should invest in unlisted shares?
Unlisted shares are suitable for high-risk investors with a long-term horizon who understand private market dynamics and can handle liquidity constraints.