MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0058223
Market Cap
₹162 Cr
TRADWIN · BSE
Share Price
₹541.00
0.00% today
Revenue
₹262 Cr
FY 2025-26 · +4.9% YoY
EBITDA
−₹0.49 Cr
Margin -0.2%
Net Profit
₹2.40 Cr
FY 2025-26 · -36.8% YoY
P/E (TTM)
119.6x
P/B -
ROE
168.6%
ROCE 20.3%
Authorised capital
₹8.5 Cr
Registered with MCA
About Trade Wings Limited
Data last updated:
Trade Wings Limited is a public limited company based in Panaji, Goa, India, a subsidiary of Narayani Hospitality & Academic Institutio. It operates in the travel and tour services segment of the transport and logistics sector. It was incorporated on 29 November 1949 and has been in existence for over 77 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN L63040GA1949PLC000168. Its GSTIN is 30AAACT4639F1ZP (Goa). The company holds 22 GST registrations, of which 11 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 509953.
The company has an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Trade Wings Private Limited. It is led by directors including Shailendra Parmeshwarji Mittal (Managing Director) and Jacinta Bazil Nayagam.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 01st Floor Naik Buldg Opp.Don Bosco High School M.G.Road, Panaji, Goa, India – 403001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹262.11 Cr, a growth of 4.9% compared to the previous year. For the same year it recorded a net profit of ₹2.4 Cr (net margin 0.9%) and EBITDA of -₹49 Lakh (EBITDA margin -0.2%). Total assets are valued at ₹16.37 Cr (down 4.5% YoY).
The company has about 91 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 3 brands: Trade-wings, Tradewings Institute of Management and Trade-Wings. As per MCA filings, the company has open charges of ₹15.88 Cr and satisfied charges of ₹48.65 Cr on record. Court records list 64 cases involving the company, including 30 filed by the company and 34 filed against it; 12 cases are pending.
Trade Wings Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0058223). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tradewings.in.
Company details
CIN L63040GA1949PLC000168
Registration Number 000168
Incorporation Date 29 November 1949
ROC Goa
Listing Status Listed - Listed on BSE (509953)
Company Status Active
Date of Last AGM 24 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Narayani Hospitality & Academic Institutio
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0058223
CIN history
Trade Wings has one previous CIN (Corporate Identification Number): U63040GA1949PLC000168. The current CIN is L63040GA1949PLC000168, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L63040GA1949PLC000168 | Current |
| U63040GA1949PLC000168 | Previous |
Key People
Shailendra Parmeshwarji Mittal Managing Director Vishwanathan K Nair Cfo Jacinta Bazil Nayagam Director Recognitions & Rankings of Trade Wings
Contact details
Trade Wings Limited's registered office is in Panaji, Goa. Its website is tradewings.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address01st Floor Naik Buldg Opp.Don Bosco High School M.G.Road, Panaji, Goa, India – 403001
- IndustryTransport and Logistics, Travel & Tour Services
To see the full contact details of Trade Wings Limited, buy the company report.
Comprehensive company report
Trade Wings Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Trade Wings operates multiple associated brands including Trade-wings, Tradewings Institute of Management, and Trade-Wings. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides travel solutions, foreign exchange, e-learning, and hospitality services. | tradewings.in | |
| Travel, tourism, logistics, and hospitality services are provided globally. | twltravel.com | |
| Education and training in travel, tourism, aviation, hospitality, and logistics sectors. | timindia.com |
Business activity
The main business activity of Trade Wings is support service to organizations. In detail, this covers travel agency and tour operators.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N3 | Travel agency and tour operators |
To see the full business activity and turnover split of Trade Wings Limited, buy the company report.
Financials of Trade Wings Limited
FY 2025-26 filings availableTrade Wings Limited reported revenue of ₹262.11 Cr (up 4.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹262 Cr
+4.9% YoY
EBITDA
−₹0.49 Cr
-116.6% YoY
Profit After Tax
₹2.40 Cr
-36.8% YoY
Net Worth
−₹9.16 Cr
+15.6% YoY
Total Assets
₹16.37 Cr
-4.5% YoY
Total Debt
₹20.29 Cr
-16.8% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 262 | 250 | 242 | 214 | 37.49 | 248 | 307 |
| Revenue growth | +4.9% | +3.0% | +13.5% | - | -84.9% | -19.2% | - |
| EBITDA | (0.49) | 2.96 | 3.54 | 4.10 | (3.15) | (1.52) | 0.49 |
| EBITDA margin | -0.2% | +1.2% | +1.5% | +1.9% | -8.4% | -0.6% | +0.2% |
| Profit before tax | 1.72 | 3.61 | 3.57 | 2.95 | (6.43) | (1.58) | 1.47 |
| Net profit | 2.40 | 3.80 | 3.19 | 3.33 | (7.25) | (1.69) | 1.24 |
| Net profit margin | +0.9% | +1.5% | +1.3% | +1.6% | -19.3% | -0.7% | +0.4% |
| EPS (₹) | 7.98 | 12.68 | 10.37 | 11.11 | (24.11) | (5.65) | 4.15 |
| Balance sheet | |||||||
| Total assets | 16.37 | 17.15 | 13.75 | 17.00 | 25.07 | 32.35 | 29.15 |
| Net worth | (9.16) | (10.85) | (14.63) | (17.15) | (16.45) | (9.22) | (7.19) |
| Total debt | 20.29 | 24.39 | 25.14 | 24.20 | 25.34 | 24.11 | 33.25 |
| Cash & bank | 5.64 | 6.07 | 2.96 | 4.65 | 3.65 | 2.56 | 2.49 |
| Net working capital | (5.00) | (5.48) | (9.48) | (7.15) | (0.12) | 1.93 | 1.58 |
| Cash flow | |||||||
| Cash from operations | 3.89 | 7.43 | 4.78 | 5.32 | 3.49 | 5.47 | 3.34 |
| Cash from investing | (0.47) | (1.37) | (3.05) | (0.27) | 1.10 | (1.77) | (2.29) |
| Cash from financing | (3.85) | (2.95) | (3.42) | (3.81) | (3.49) | (3.47) | (1.86) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 67.89 | 68.49 | 67.12 | 58.90 | 67.60 | 63.49 | 67.58 | 52.47 |
| Revenue growth (YoY) | +0.4% | +7.9% | -0.7% | +12.3% | +2.6% | - | - | - |
| Other income | 2.34 | 1.91 | 2.25 | 2.08 | 2.25 | 2.23 | 1.66 | 1.19 |
| EBITDA | (2.04) | 1.77 | 0.95 | (2.48) | (0.87) | 2.93 | 2.22 | (1.71) |
| EBITDA margin | -3.0% | +2.6% | +1.4% | -4.2% | -1.3% | +4.6% | +3.3% | -3.3% |
| Depreciation | 0.62 | 0.52 | 0.60 | 0.61 | 0.55 | 1.07 | 0.36 | 0.10 |
| Interest | 0.55 | 0.87 | 1.39 | 0.93 | 0.68 | 0.88 | 0.71 | 0.70 |
| Profit before tax | (0.87) | 2.29 | 1.21 | (1.94) | 0.15 | 3.21 | 2.81 | (1.32) |
| Tax | 0.00 | (0.67) | 0.00 | 0.00 | 0.00 | (0.19) | 0.00 | 0.00 |
| Net profit | (0.87) | 2.96 | 1.21 | (1.94) | 0.15 | 3.40 | 2.81 | (1.32) |
| EPS (₹) | (2.93) | 9.88 | 4.05 | (6.47) | 0.53 | 11.31 | 9.37 | (4.40) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 226 | 213 | 208 | 180 | 72.07 | 30.52 | 223 |
| Revenue growth | +6.2% | +2.2% | +16.0% | +149.2% | +136.1% | -86.3% | - |
| EBITDA | (3.68) | (2.30) | (1.88) | (1.56) | (2.41) | (2.28) | (2.62) |
| EBITDA margin | -1.6% | -1.1% | -0.9% | -0.9% | -3.3% | -7.5% | -1.2% |
| Profit before tax | 0.79 | 0.61 | 0.07 | 0.20 | (1.70) | (3.06) | (0.63) |
| Net profit | 1.15 | 0.58 | 0.05 | 0.13 | (1.72) | (3.10) | (1.13) |
| Net profit margin | +0.5% | +0.3% | +0.0% | +0.1% | -2.4% | -10.2% | -0.5% |
| EPS (₹) | 3.78 | 1.91 | 0.19 | 0.43 | (5.72) | (10.24) | (3.76) |
| Balance sheet | |||||||
| Total assets | 20.92 | 23.66 | 22.83 | 25.61 | 25.60 | 28.44 | 31.81 |
| Net worth | 2.24 | 1.84 | 1.35 | 1.34 | 1.30 | 3.03 | 6.02 |
| Total debt | 15.78 | 20.64 | 20.59 | 17.98 | 17.78 | 19.28 | 19.15 |
| Cash & bank | 1.67 | 2.18 | 2.70 | 4.00 | 2.80 | 2.88 | 2.27 |
| Net working capital | 13.87 | 15.96 | 15.14 | 19.13 | 18.73 | 21.71 | 22.23 |
| Cash flow | |||||||
| Cash from operations | 4.91 | 3.80 | 8.78 | 3.10 | 1.25 | 3.12 | 3.92 |
| Cash from investing | 0.80 | (0.33) | (2.47) | 0.87 | 1.01 | 0.54 | (0.56) |
| Cash from financing | (6.22) | (3.99) | (7.60) | (2.77) | (2.34) | (3.05) | (3.08) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 60.19 | 56.85 | 55.59 | 52.95 | 60.56 | 52.26 | 55.41 | 45.72 |
| Revenue growth (YoY) | -0.6% | +8.8% | +0.3% | +15.8% | +2.5% | - | - | - |
| Other income | 2.22 | 1.84 | 2.22 | 2.07 | 2.16 | 2.19 | 1.63 | 1.18 |
| Total expenses | 62.10 | 57.45 | 56.22 | 54.06 | 62.03 | 52.35 | 56.26 | 46.58 |
| EBITDA | (1.91) | (0.60) | (0.63) | (1.11) | (1.47) | (0.09) | (0.85) | (0.86) |
| EBITDA margin | -3.2% | -1.1% | -1.1% | -2.1% | -2.4% | -0.2% | -1.5% | -1.9% |
| Depreciation | 0.17 | (0.03) | 0.18 | 0.19 | 0.12 | 0.21 | 0.09 | 0.09 |
| Interest | 0.39 | 0.59 | 1.34 | 0.75 | 0.56 | 0.66 | 0.57 | 0.55 |
| Profit before tax | (0.25) | 0.68 | 0.07 | 0.02 | 0.01 | 1.23 | 0.12 | (0.32) |
| Tax | 0.00 | (0.36) | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 67.89 | 68.49 | 67.12 | 58.90 | 67.60 | 63.49 | 67.58 | 52.47 |
| Revenue growth (YoY) | +0.4% | +7.9% | -0.7% | +12.3% | +2.6% | - | - | - |
| Other income | 2.34 | 1.91 | 2.25 | 2.08 | 2.25 | 2.23 | 1.66 | 1.19 |
| EBITDA | (2.04) | 1.77 | 0.95 | (2.48) | (0.87) | 2.93 | 2.22 | (1.71) |
| EBITDA margin | -3.0% | +2.6% | +1.4% | -4.2% | -1.3% | +4.6% | +3.3% | -3.3% |
| Depreciation | 0.62 | 0.52 | 0.60 | 0.61 | 0.55 | 1.07 | 0.36 | 0.10 |
| Interest | 0.55 | 0.87 | 1.39 | 0.93 | 0.68 | 0.88 | 0.71 | 0.70 |
| Profit before tax | (0.87) | 2.29 | 1.21 | (1.94) | 0.15 | 3.21 | 2.81 | (1.32) |
| Tax | 0.00 | (0.67) | 0.00 | 0.00 | 0.00 | (0.19) | 0.00 | 0.00 |
| Net profit | (0.87) | 2.96 | 1.21 | (1.94) | 0.15 | 3.40 | 2.81 | (1.32) |
| EPS (₹) | (2.93) | 9.88 | 4.05 | (6.47) | 0.53 | 11.31 | 9.37 | (4.40) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Revenue | 262 | 250 | 242 | 214 | 37.49 | 248 | 307 |
| Revenue growth | +4.9% | +3.0% | +13.5% | - | -84.9% | -19.2% | - |
| Other income | 8.49 | 5.99 | 5.11 | 4.26 | 2.10 | 5.34 | 7.11 |
| Total expenses | 263 | 247 | 239 | 210 | 40.64 | 249 | 306 |
| Employee cost | 18.18 | 16.08 | 14.49 | 11.93 | 5.01 | 16.81 | 16.62 |
| EBITDA | (0.49) | 2.96 | 3.54 | 4.10 | (3.15) | (1.52) | 0.49 |
| EBITDA margin | -0.2% | +1.2% | +1.5% | +1.9% | -8.4% | -0.6% | +0.2% |
| Depreciation | 2.28 | 2.17 | 1.50 | 1.39 | 1.43 | 1.53 | 1.61 |
| Interest | 4.00 | 3.17 | 3.58 | 4.02 | 3.95 | 3.87 | 4.52 |
| Profit before tax | 1.72 | 3.61 | 3.57 | 2.95 | (6.43) | (1.58) | 1.47 |
| Tax | (0.67) | (0.19) | 0.46 | (0.38) | 0.82 | 0.11 | 0.23 |
| Net profit | 2.40 | 3.80 | 3.19 | 3.33 | (7.25) | (1.69) | 1.24 |
| Net profit margin | +0.9% | +1.5% | +1.3% | +1.6% | -19.3% | -0.7% | +0.4% |
| EPS (₹) | 7.98 | 12.68 | 10.37 | 11.11 | (24.11) | (5.65) | 4.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Reserves & surplus | (12.16) | (13.85) | (17.63) | (20.15) | (19.45) | (12.22) | (10.19) |
| Shareholders' funds (net worth) | (9.16) | (10.85) | (14.63) | (17.15) | (16.45) | (9.22) | (7.19) |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 2.16 | 3.15 | 1.39 | 0.01 | 14.06 | 14.53 | 11.92 |
| Unsecured loans | 18.13 | 21.24 | 23.75 | 24.19 | 11.28 | 9.58 | 21.33 |
| Total debt | 20.29 | 24.39 | 25.14 | 24.20 | 25.34 | 24.11 | 33.25 |
| Total liabilities | 16.37 | 17.15 | 13.75 | 17.00 | 25.07 | 32.35 | 29.15 |
| Assets | |||||||
| Gross block | 58.20 | 57.88 | 56.91 | 54.61 | 54.11 | 54.11 | 51.72 |
| Net block | 22.09 | 23.99 | 25.01 | 23.41 | 25.63 | 27.08 | 25.39 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 1.68 | 1.86 |
| Inventories | 1.85 | 1.65 | 1.66 | 1.44 | 1.82 | 2.51 | 3.14 |
| Sundry debtors | 21.23 | 21.52 | 18.58 | 20.77 | 14.50 | 20.90 | 24.15 |
| Cash & bank balances | 5.64 | 6.07 | 2.96 | 4.65 | 3.65 | 2.56 | 2.49 |
| Loans & advances | 3.36 | 2.75 | 4.13 | 2.12 | 13.14 | 6.36 | 7.27 |
| Total current assets | 32.08 | 31.99 | 27.33 | 28.98 | 33.11 | 32.33 | 37.05 |
| Total current liabilities | 37.08 | 37.47 | 36.81 | 36.13 | 33.23 | 30.40 | 35.47 |
| Net working capital | (5.00) | (5.48) | (9.48) | (7.15) | (0.12) | 1.93 | 1.58 |
| Total assets | 16.37 | 17.15 | 13.75 | 17.00 | 25.07 | 32.35 | 29.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Opening cash | 6.07 | 2.96 | 4.65 | 3.41 | 2.56 | 2.34 | 2.81 |
| Net cash from operating activities | 3.89 | 7.43 | 4.78 | 5.32 | 3.49 | 5.47 | 3.34 |
| Net cash from investing activities | (0.47) | (1.37) | (3.05) | (0.27) | 1.10 | (1.77) | (2.29) |
| Net cash from financing activities | (3.85) | (2.95) | (3.42) | (3.81) | (3.49) | (3.47) | (1.86) |
| Net change in cash | (0.43) | 3.11 | (1.69) | 1.24 | 1.09 | 0.22 | (0.81) |
| Closing cash | 5.64 | 6.07 | 2.96 | 4.65 | 3.65 | 2.56 | 2.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +4.9% | +3.0% | +13.5% | - | -84.9% | -19.2% | - |
| EBITDA growth | -116.6% | -16.4% | -13.7% | - | -107.2% | -410.2% | - |
| PBT growth | -52.4% | +1.1% | +21.0% | +9998.0% | -307.0% | - | +206.3% |
| Net income growth | -36.8% | +19.1% | -4.2% | - | -329.0% | -236.3% | - |
| Revenue CAGR (3Y) | +7.1% | +88.2% | -0.7% | -11.4% | -49.5% | -5.9% | +97.1% |
| EBITDA CAGR (3Y) | - | - | - | +103.0% | +65.1% | -1.9% | -49.1% |
| Profitability & leverage | |||||||
| Net income margin | +0.9% | +1.5% | +1.3% | +1.6% | -19.3% | -0.7% | +0.4% |
| Return on capital employed | +20.3% | +22.6% | +21.5% | +19.1% | 0.0% | 0.0% | +16.0% |
| Return on net worth | +168.6% | +213.8% | +153.0% | +146.4% | 0.0% | 0.0% | +38.2% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -144.40 | 401.27 | 175.49 | 148.34 | -86.24 | -126.89 | -403.57 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.55 | 4.38 | 4.38 | 3.94 | 0.70 | 4.73 | 6.16 |
| Inventory turnover | 149.78 | 150.94 | 156.40 | 148.35 | 17.32 | 87.76 | 83.25 |
| Debtors turnover | 12.26 | 12.46 | 12.32 | 10.29 | 2.12 | 11.01 | 12.72 |
| EPS (₹) | 7.98 | 12.68 | 10.37 | 11.11 | (24.11) | (5.65) | 4.15 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (31.85) | (37.56) | (50.20) | (58.66) | (56.44) | (32.39) | (25.66) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 60.19 | 56.85 | 55.59 | 52.95 | 60.56 | 52.26 | 55.41 | 45.72 |
| Revenue growth (YoY) | -0.6% | +8.8% | +0.3% | +15.8% | +2.5% | - | - | - |
| Other income | 2.22 | 1.84 | 2.22 | 2.07 | 2.16 | 2.19 | 1.63 | 1.18 |
| Total expenses | 62.10 | 57.45 | 56.22 | 54.06 | 62.03 | 52.35 | 56.26 | 46.58 |
| EBITDA | (1.91) | (0.60) | (0.63) | (1.11) | (1.47) | (0.09) | (0.85) | (0.86) |
| EBITDA margin | -3.2% | -1.1% | -1.1% | -2.1% | -2.4% | -0.2% | -1.5% | -1.9% |
| Depreciation | 0.17 | (0.03) | 0.18 | 0.19 | 0.12 | 0.21 | 0.09 | 0.09 |
| Interest | 0.39 | 0.59 | 1.34 | 0.75 | 0.56 | 0.66 | 0.57 | 0.55 |
| Profit before tax | (0.25) | 0.68 | 0.07 | 0.02 | 0.01 | 1.23 | 0.12 | (0.32) |
| Tax | 0.00 | (0.36) | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 226 | 213 | 208 | 180 | 72.07 | 30.52 | 223 |
| Revenue growth | +6.2% | +2.2% | +16.0% | +149.2% | +136.1% | -86.3% | - |
| Other income | 8.30 | 5.91 | 5.06 | 5.03 | 3.60 | 2.75 | 5.66 |
| Total expenses | 230 | 215 | 210 | 181 | 74.48 | 32.80 | 225 |
| Employee cost | 8.73 | 7.48 | 6.40 | 4.19 | 0.95 | 1.44 | 7.46 |
| EBITDA | (3.68) | (2.30) | (1.88) | (1.56) | (2.41) | (2.28) | (2.62) |
| EBITDA margin | -1.6% | -1.1% | -0.9% | -0.9% | -3.3% | -7.5% | -1.2% |
| Depreciation | 0.46 | 0.48 | 0.35 | 0.29 | 0.32 | 0.38 | 0.45 |
| Interest | 3.37 | 2.52 | 2.76 | 2.98 | 2.57 | 3.15 | 3.22 |
| Profit before tax | 0.79 | 0.61 | 0.07 | 0.20 | (1.70) | (3.06) | (0.63) |
| Tax | (0.36) | 0.03 | 0.02 | 0.07 | 0.02 | 0.04 | 0.50 |
| Net profit | 1.15 | 0.58 | 0.05 | 0.13 | (1.72) | (3.10) | (1.13) |
| Net profit margin | +0.5% | +0.3% | +0.0% | +0.1% | -2.4% | -10.2% | -0.5% |
| EPS (₹) | 3.78 | 1.91 | 0.19 | 0.43 | (5.72) | (10.24) | (3.76) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Reserves & surplus | (0.76) | (1.16) | (1.65) | (1.66) | (1.70) | 0.03 | 3.02 |
| Shareholders' funds (net worth) | 2.24 | 1.84 | 1.35 | 1.34 | 1.30 | 3.03 | 6.02 |
| Secured loans | 2.12 | 3.11 | 1.39 | 0.01 | 0.62 | 14.06 | 19.15 |
| Unsecured loans | 13.66 | 17.53 | 19.20 | 17.97 | 17.16 | 5.22 | 0.00 |
| Total debt | 15.78 | 20.64 | 20.59 | 17.98 | 17.78 | 19.28 | 19.15 |
| Total liabilities | - | - | 22.83 | 25.61 | 25.60 | 28.44 | 31.81 |
| Assets | |||||||
| Gross block | 13.89 | 14.54 | 14.34 | 11.82 | 11.77 | 11.75 | 11.24 |
| Net block | 5.24 | 6.30 | 6.40 | 4.23 | 4.46 | 4.76 | 4.64 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.05 | 1.06 | 1.06 | 1.06 | 1.06 | 1.06 | 2.61 |
| Inventories | 1.13 | 1.07 | 1.08 | 0.84 | 0.27 | 0.18 | 0.47 |
| Sundry debtors | 19.67 | 20.88 | 17.99 | 19.09 | 18.35 | 16.87 | 22.83 |
| Cash & bank balances | 1.67 | 2.18 | 2.70 | 4.00 | 2.80 | 2.88 | 2.27 |
| Loans & advances | 2.09 | 1.46 | 1.29 | 1.16 | 7.47 | 9.45 | 10.14 |
| Total current assets | 24.56 | 25.59 | 23.06 | 25.09 | 28.89 | 29.38 | 35.71 |
| Total current liabilities | 10.69 | 9.63 | 7.92 | 5.96 | 10.16 | 7.67 | 13.48 |
| Net working capital | 13.87 | 15.96 | 15.14 | 19.13 | 18.73 | 21.71 | 22.23 |
| Total assets | 20.92 | 23.66 | 22.83 | 25.61 | 25.60 | 28.44 | 31.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.18 | 2.70 | 4.00 | 2.79 | 2.88 | 2.27 | 1.99 |
| Net cash from operating activities | 4.91 | 3.80 | 8.78 | 3.10 | 1.25 | 3.12 | 3.92 |
| Net cash from investing activities | 0.80 | (0.33) | (2.47) | 0.87 | 1.01 | 0.54 | (0.56) |
| Net cash from financing activities | (6.22) | (3.99) | (7.60) | (2.77) | (2.34) | (3.05) | (3.08) |
| Net change in cash | (0.50) | (0.52) | (1.30) | 1.20 | (0.09) | 0.61 | 0.28 |
| Closing cash | 1.67 | 2.18 | 2.70 | 4.00 | 2.80 | 2.88 | 2.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.2% | +2.2% | +16.0% | +149.2% | +136.1% | -86.3% | - |
| EBITDA growth | -60.0% | -22.3% | -20.5% | +35.3% | -5.7% | +13.0% | - |
| PBT growth | +29.5% | +771.4% | -65.0% | +9998.0% | +44.4% | -385.7% | - |
| Net income growth | +98.3% | +1060.0% | -61.5% | +107.6% | +44.5% | -174.3% | - |
| Revenue CAGR (3Y) | +8.0% | +43.5% | +89.7% | -6.9% | -36.2% | -51.3% | -6.5% |
| EBITDA CAGR (3Y) | +33.1% | -1.6% | -6.2% | -15.9% | -14.0% | -9.9% | +7.8% |
| Profitability & leverage | |||||||
| Net income margin | +0.5% | +0.3% | +0.0% | +0.1% | -2.4% | -10.2% | -0.5% |
| Return on capital employed | +18.1% | +12.7% | +10.9% | +12.1% | 0.0% | 0.0% | +8.7% |
| Return on net worth | +42.7% | +18.7% | +1.9% | +6.5% | 0.0% | 0.0% | -18.4% |
| Debt / equity | 11.14 | 17.55 | 21.31 | 20.67 | 10.93 | 4.76 | 3.26 |
| Long-term debt / equity | 6.95 | 11.77 | 15.58 | 15.86 | 5.68 | 1.22 | 1.11 |
| Interest cover | -81.40 | -90.65 | -123.77 | -161.08 | -94.14 | -118.42 | -104.89 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 16.36 | 15.18 | 16.48 | 15.84 | 6.38 | 2.77 | 22.16 |
| Inventory turnover | 205.41 | 198.00 | 217.02 | 323.59 | 320.31 | 93.91 | 285.47 |
| Debtors turnover | 11.14 | 10.95 | 11.24 | 9.59 | 4.09 | 1.54 | 9.01 |
| EPS (₹) | 3.78 | 1.91 | 0.19 | 0.43 | (5.72) | (10.24) | (3.76) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 6.13 | 4.76 | 3.07 | 2.97 | 2.79 | 8.51 | 18.41 |
To see the full year-wise statements and ratios of Trade Wings Limited, buy the company report.
Board of directors and KMP of Trade Wings Limited
Trade Wings Limited currently reports 4 directors and 1 key managerial person. 7 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jacinta Bazil Nayagam | Director | 05 Jul 2016 | 10 Years 3 Months | Current |
| Jyoti Ghanshyam Gupta | Director | 22 Aug 2024 | 2 Years 2 Months | Current |
| Hemant Ramdas Panchal | Director | 18 Jan 2021 | 5 Years 9 Months | Current |
| Vishwanathan K Nair | Cfo | 30 May 2016 | 10 Years 4 Months | Current |
| Shailendra Parmeshwarji Mittal | Managing Director | 30 Jun 1988 | 38 Years 3 Months | Current |
Peer comparison
Trade Wings Limited is compared with the 7 companies closest to it by revenue in the Transport and Logistics industry (Money Exchange Services, Tour and Travel Operators), with the same principal business activity (travel agency and tour operators), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ebix Travels Private Limited | ₹288.39 Cr (FY 2025) | -41.0% | New Delhi, Delhi, India | |||
| 53 Takeoffs Private Limited | ₹287.17 Cr (FY 2025) | 110.0% | Jaipur, Rajasthan, India | |||
| Ebix Travel & Holidays Limited | ₹272 Cr (FY 2023) | 475.0% | New Delhi, Delhi, India | |||
| Rao Tourist Services Private Limited | ₹267.34 Cr (FY 2025) | 0.0% | Gurgaon, Haryana, India | |||
| Trade Wings Limitedthis company | ₹262.11 Cr (FY 2026) | ₹2.4 Cr | 0.9% | 4.9% | 91 | Panaji, Goa, India |
| Distinct Destinations Private Limited | ₹251.32 Cr (FY 2025) | 69.0% | Gurgaon, Haryana, India | |||
| Globe All India Services Limited | ₹250.62 Cr (FY 2025) | -1.0% | Kolkata, West Bengal, India | |||
| International Travel House Limited | ₹242.27 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India |
To see the full peer comparison of Trade Wings Limited, buy the company report.
Auditor
Trade Wings Limited is audited by Aalok Mehta & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Aalok Mehta & Co | FY 2023 | 126756W |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 75.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 25.00%.
Mar 2026
QUARTER
75.00% Promoters
25.00% Retail & Others
Promoter holding - history
Now 75.00% · Mar 2026High 75.00% · Jun 2025Low 75.00% · Jun 2025
Shareholding trend - last 6 quarters
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% |
| Public | 25.00% | 25.00% | 25.00% | 25.00% |
Charges & borrowings
Open charges
₹15.88 Cr
Satisfied charges
₹48.65 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2026 | 101346083 | Hdfc Bank Limited | ₹75.9 Lakh | Open | |
| 26 May 2026 | 101317045 | Others | ₹1 Cr | Open | |
| 14 Jan 2025 | 101049151 | Hdfc Bank Limited | ₹11.2 Lakh | Open | |
| 29 Mar 2023 | 100702915 | Others | ₹1.04 Cr | Open | |
| 10 May 2018 | 100180933 | Others | ₹4.95 Cr | Open |
To see the full charge records of Trade Wings Limited, buy the company report.
Total charge records: 42 View all charges
Legal cases
Trade Wings Limited has 64 court cases on record: 30 filed by Trade Wings, 34 filed against it. 12 cases are pending and 52 are disposed.
Total cases
64
Filed by the company
30
Filed against the company
34
Pending
12
Disposed
52
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 22 | 10 |
| High courts | 19 | 10 | 2 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 64)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (S) | Filed against the company by Swarn Shilp Chains and Jewellers Pvt. Ltd. and 9 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by M/S.Tulip Hotels Pvt Ltd | Pending |
| District court, North Goa, Goa | Civil suit | Filed against the company by M/S Lifecell International Private Limited | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Drishti Hospitality Company Pvt. Ltd. and 30 Others | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Deluxe Caterers Pvt. Ltd. Registered Office at: 1B, Rashid Mansion, Ground Floor Dr. Annie Besant Road Worli ,Mumbai , Maharashtra | Disposed |
To see the full case history of Trade Wings Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Trade Wings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Trade Wings has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Trade Wings Hotels Limited | U55101GA1989PLC000966 |
To see the full group structure of Trade Wings Limited, buy the company report.
Employees & EPFO
Trade Wings Limited has a workforce of 91 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
91
Active EPFO establishments
1
Employee growth
8.33%
GST
Trade Wings has 22 GST registrations: 11 active and 11 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
22
Active
11
Cancelled / inactive
11
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACT4639F1ZP | Goa | Active | 01 Jul 2017 |
| 24AAACT4639F1ZI | Gujarat | Active | 01 Jul 2017 |
| 27AAACT4639F1ZC | Maharashtra | Active | 01 Jul 2017 |
| 29AAACT4639F1Z8 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Trade Wings Limited, buy the company report.
Recent activity
Trade Wings Limited has 12 board changes on record since 1988: 5 appointments and 7 cessations. The latest: Ramamurthy Vaidhyanathan ceased to be Director on 30 Sep 2024.
Charges
A charge registered on 31 Dec 2001 via Charge ID 90075775 with Lord Krishna Bank Ltd was fully satisfied on 08 Jul 2026.
Charges
A charge registered on 30 Oct 1992 via Charge ID 90076056 with Lord Krishna Bank Ltd was fully satisfied on 08 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.76 Cr with Charge ID 101346083 was registered on 07 Jul 2026.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 101317045 was registered on 26 May 2026.
Charges
A charge with Others of Rs. 6.64 Cr registered on 23 Apr 1986 with Charge ID 90075947 was modified on 22 May 2026.
Filing
Trade Wings Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Goa.
AGM
Trade Wings Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Charges
A charge registered on 06 Aug 2023 via Charge ID 100762540 with Others was fully satisfied on 30 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.11 Cr with Charge ID 101049151 was registered on 14 Jan 2025.
Charges
A charge registered on 17 Nov 2009 via Charge ID 10188378 with Union Bank Of India was fully satisfied on 28 Oct 2024.
Charges
A charge registered on 25 Feb 2009 via Charge ID 10144465 with Union Bank Of India was fully satisfied on 28 Oct 2024.
Ceased
Ramamurthy Vaidhyanathan ceased to be Director.
93 earlier events are in the company report.
Frequently asked questions
Trade Wings is an active public limited company based in Panaji, Goa, India. The company works in travel and tour services, within the transport and logistics industry. It was incorporated on 29 November 1949 (77+ years old) and is registered under CIN L63040GA1949PLC000168. Listed on BSE: 509953.
Trade Wings reported revenue of ₹262.11 Cr for FY 2025-26 (up 4.9% YoY) based on consolidated financials.
Trade Wings has 5 current directors and KMP:
- Shailendra Parmeshwarji Mittal - Managing Director
- Jacinta Bazil Nayagam - Director
- Jyoti Ghanshyam Gupta - Director
- Hemant Ramdas Panchal - Director
- Vishwanathan K Nair - Cfo
The latest financial statements of Trade Wings on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Trade Wings is 30AAACT4639F1ZP, registered in Goa. The company has 22 GST registrations in all, of which 11 are active and 11 are cancelled or inactive. Other active GSTINs include 24AAACT4639F1ZI (Gujarat), 27AAACT4639F1ZC (Maharashtra), 29AAACT4639F1Z8 (Karnataka).
The CIN (Corporate Identification Number) of Trade Wings is L63040GA1949PLC000168. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Trade Wings is a listed company as per MCA records. Its shares are listed on BSE (code: 509953).
Trade Wings has 64 court cases on record: 30 filed by the company and 34 filed against it. 12 are pending. Most are in the district courts.
Trade Wings was incorporated on 29 November 1949, making it 77+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Trade Wings by revenue are Ebix Travels Private Limited, 53 Takeoffs Private Limited, Ebix Travel & Holidays Limited, Rao Tourist Services Private Limited, Distinct Destinations Private Limited and 2 more, all in the Transport and Logistics industry (Money Exchange Services, Tour and Travel Operators), with the same principal business activity (travel agency and tour operators).
Ramamurthy Vaidhyanathan ceased to be Director on 30 Sep 2024. Jyoti Ghanshyam Gupta was appointed as Director on 22 Aug 2024. Hemant Ramdas Panchal was appointed as Director on 18 Jan 2021. Trade Wings has 12 board changes on record in total.