IPO Guru
IPO Guru
Bajaj
Himalayan Heli Services ₹178 ▼ 3.3% 1M
Buy Sell

Himalayan Heli Services Unlisted Shares

Aviation Services Helicopter charter and pilgrimage services

Himalayan Heli Services is a Delhi-based company providing non-scheduled helicopter services, including pilgrimage shuttles, tourism and private charters. It reported revenue from operations of ₹11,518.15 lakh for the year ended 31 March 2026.

Read the full company profile
Indicative price
As of 23 Oct 2026
₹178 ▼ 3.26% in 1 month
Key facts

Himalayan Heli Services share details

Lot size
600 shares
Min. investment
₹106,800
Face value
₹10
Implied market cap
₹198 Cr
Shares outstanding
11,104,900
Founded
1998
Headquarters
New Delhi
ISIN
INE142401012
CIN
U63040DL1998PTC094836
Lock-in after IPO
6 months
Price history

Himalayan Heli Services share price chart

1Y change
-18.35%
High
₹218
Low
₹175

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About Himalayan Heli Services

Himalayan Heli Services Limited was incorporated on 06 July 1998 and has its registered office in South Delhi. It was earlier called Himalayan Heli Services Private Limited. The company runs non-scheduled helicopter services. These include pilgrimage shuttle operations, helicopter tourism and private charters. It also does aerial work such as geophysical and LiDAR surveys, external load operations, defence support, aviation consultancy and in-house helicopter maintenance. Most of its income comes from charter and pilgrimage services. In FY26 that part was ₹11,111.33 lakh out of total revenue from operations of ₹11,518.15 lakh. The rest was royalty income, ground handling and landing income, and other operating revenue. Revenue was ₹13,215.77 lakh in FY25, so it fell in FY26. Profit for the year was ₹246.15 lakh in FY26 against ₹374.36 lakh a year earlier. These figures are from the standalone audited financial statements. The company has been adding helicopters. Property, plant and equipment rose from ₹3,438.57 lakh to ₹6,869.45 lakh between 31 March 2025 and 31 March 2026. Depreciation and finance costs rose with it, and borrowings went up too. Net worth was ₹4,976.05 lakh at 31 March 2026. The annual report names World Expeditions (India) Private Limited as the holding company. The board is chaired by Harsh Vardhan Sharma, and Tsering Wangchuk Shamshu is the Managing Director. Three independent directors joined from 25 March 2026. The company had 11,104,900 equity shares of ₹10 each at 31 March 2026. I did not find an IPO filing or a linked IPO for this company on IPO Guru, so there is no IPO journey to report. Unlisted shares of a company like this trade off-market between private buyers and sellers, and the price of ₹184 shown here is only indicative. The lot size on our page is 600 shares.

Strengths

  • Charter and pilgrimage services brought in ₹11,111.33 lakh of the ₹11,518.15 lakh revenue from operations in FY26, so the core business is clear and focused.
  • The company has added to its fleet. Property, plant and equipment grew from ₹3,438.57 lakh to ₹6,869.45 lakh over FY26, and capital advances of ₹3,018.85 lakh for helicopters were adjusted against asset cost.
  • Net worth rose from ₹3,901.82 lakh to ₹4,976.05 lakh during FY26, helped by retained profit and fresh share capital.
  • It earns from more than one line: royalty income, ground handling and landing income, aerial survey work, defence support and maintenance, besides passenger flying.
  • The board added three independent directors from 25 March 2026, and the company has a full-time Company Secretary and Chief Financial Officer.

Risks

  • Revenue from operations fell from ₹13,215.77 lakh in FY25 to ₹11,518.15 lakh in FY26, and the auditor-reported ratio notes tie the lower turnover ratios to this decline.
  • Profit for the year dropped from ₹374.36 lakh to ₹246.15 lakh, and basic EPS fell from ₹3.55 to ₹2.22.
  • Net cash from operating activities was negative ₹12.76 lakh in FY26, against a positive ₹2,719.16 lakh in FY25, so profit did not turn into operating cash.
  • Short term borrowings rose from ₹1,457.63 lakh to ₹4,326.98 lakh, and finance cost rose from ₹258.42 lakh to ₹443.85 lakh.
  • Contingent liabilities include a GST demand of ₹6,529.86 lakh and a service tax demand of ₹653.03 lakh, which the company has not acknowledged.
  • Nearly all revenue is from charter and pilgrimage flying, which depends on weather, seasons and regulatory permissions in mountain regions.
  • A holding company controls the business, so minority shareholders have limited say over decisions.
  • Unlisted shares have no stock exchange price. Quotes are indicative, buyers may find it hard to sell, and there is no assured listing date.
Financials

Himalayan Heli Services financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25
Revenue (₹ Cr) 115 132
PAT (₹ Cr) 2.46 3.74
PAT Margin (%) 2.14 2.83
RoNW (%) 4.94 9.58
EPS (₹) 2.22 3.55
Total Assets (₹ Cr) 144 115
Net Worth (₹ Cr) 49.76 39.02

Swipe the table sideways for earlier years →

Leadership

Management team

Harsh Vardhan Sharma
Chairman & Director
Chairman of the board, as named in the FY26 annual report.
Tsering Wangchuk Shamshu
Managing Director
Managing Director, as named in the FY26 annual report.
Stanzin Losal Shamshu
Director
Director, as named in the FY26 annual report.
Shreyansh Sharma
Director
Director, as named in the FY26 annual report.
Dinesh Khanna
Chief Financial Officer
Chief Financial Officer since 16 October 2024.
Ready to invest?
CDSL · NSDL T+1 SETTLEMENT NO FEE

Buy or sell Himalayan Heli Services unlisted shares

Get a live quote on WhatsApp in under 60 seconds. Current price ₹178. Shares are delivered to your own demat in 24–48 hours, never to a custodian.

Indicative off-market price, not an exchange quote. Read the disclaimer.

Buy Himalayan Heli Services Sell Himalayan Heli Services
FAQs

Himalayan Heli Services unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

Share