Can Skyways IPO deliver growth for investors?

Meanwhile, the Economic Times daily newspaper is available online now.

Key points

• Top Trending Stocks: SBI Share Cost, Axis Bank Share Rate, HDFC Bank Share Cost, Infosys Share Rate, Wipro Share Cost, NTPC Share Rate.
• While Ebitda margin expanded to 4.5% in FY26 from 3.8% in FY24, it trails peers whose margins range between 5% and 7.8%.
• Business Incorporated in 1984, Skyways Air Services provides services such as air and ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery.
• ET Intelligence Group: Skyways Air Services, a logistics firm, aims to raise ₹399 crore through a fresh matter to repay debt and fund working capital requirements.
• Skyways Air Services intends a ₹399 crore IPO to repay debt and fund working capital.

Meanwhile, the Economic Times daily newspaper is available online now. Can Skyways Air Services IPO deliver long-term expansion for high-risk investors? Can Skyways Air Services IPO deliver long-term expansion for high-risk investors? ET BureauLast Updated: Aug 22, 2026, 08: 16: 00 AM IST.

Skyways Air Services intends a ₹399 crore IPO to repay debt and fund working capital. The company's promoter stake will decline significantly after the initial public offering. Revenue and profits have shown solid annual expansion between FY24 and FY26. Skyways Air Services has been the leading air freight forwarder for four years. Meanwhile, the matter is recommended for long-term investors with high risk tolerance.

ET Intelligence Group: Skyways Air Services, a logistics firm, aims to raise ₹399 crore through a fresh matter to repay debt and fund working capital requirements. It will additionally raise ₹184 crore through an offer for sale. The promoter group's stake will fall to 56.8% after the IPO from 79.1%. It is a multi-modal logistics provider offering end-to-end supply chain solutions throughout air and ocean freight forwarding. More than three-fourth of the revenue comes from air freight services. It has heavy dependency on cross-border trade making business susceptible to global economic slowdown, trade policy shifts, and currency volatility. Nevertheless, it has been No. 1 Air Freight Forwarder since the past four calendar years. Given these factors, the matter is suitable for long-term investors with high risk-tolerance.

Business Incorporated in 1984, Skyways Air Services provides services such as air and ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery. According to World ACD, the firm has been consistently ranked No. 1 Air Freight Forwarder in terms of air waybills (AWB) from 2022 to 2025. It maintains direct commercial relationships with 56 international airlines and relies on a global network of logistics alliances to serve clients throughout 12 countries. For context, the firm has developed proprietary platforms to backing different aspects of logistics operations. Air cargo volume grew close to 84 thousand tonnes in FY26 from 48 thousand tonnes in FY24 while ocean containers volume rose to 28, 275 TEUs (twenty-foot equivalent unit) from 16, 294 TEUs during the period.: Aditya Infotech rebounds on fundraise aims; analysts see up to 20% upside Live Events.

Between FY24 and FY26, revenue from operations rose 47.7% annually to ₹2, 812.9 crore, operating profit before interest, tax, depreciation and amortisation (Ebitda) jumped 61.2% to ₹125.6 crore and net profit grew 35.7% to ₹63.5 crore. While Ebitda margin expanded to 4.5% in FY26 from 3.8% in FY24, it trails peers whose margins range between 5% and 7.8%. In contrast, the company's net profit margin of 2.3%, is towards the higher end of the peer range of 0.2-2.7%. Cash flow from operations grew to ₹113.6 crore in FY26 from a deficit ₹9 crore in FY24. Valuation Considering the post-IPO equity and net profit for FY26, the firm demands a price-earnings (P/E) multiple of upto 32. For peers including TVS Supply Chain Solutions, Shadowfax Technologies, Delhivery and Mahindra Logistics, the P/E range is wider between 46 and 376.

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For now, can Skyways IPO deliver growth for investors? Remains the part of the story worth watching, and further updates are likely as more details are confirmed.