Synopsis: RRP Defense Ltd. secured a USD 20 million international order from CYGR, France, for 100 drones, to be delivered in two phases within six months.
This defence company, engaged in the design, development, and manufacturing of advanced defence systems, including drones, command modules, and aerospace technologies, hit a 2 percent upper circuit after receiving an order worth $20 million from CYGR, France, for drone technology.
With a market capitalization of Rs. 48.15 crores, the shares of Euro Asia Exports Limited hit a 2 percent upper circuit of Rs. 306.90 per share on Monday, up from its previous closing price of Rs. 300.90 per share.
What is the news?
Euro Asia Exports Limited, now operating under the name RRP Defense Limited, has received its purchase order from CYGR, France, for the supply and installation of 100 drones worth USD 20 million.
The order will be completed in two phases. The first phase includes manufacturing electro-optic systems, tracking and integration equipment, day vision CMOS sensors, thermal cooled sensors, and PTZ housing.
The second phase covers the production of fins, motors, engines, housing, and final assembly. Payment terms include 10 percent in advance, 50 percent after field acceptance testing, and 40 percent on shipment.
The order is from an international client, and the complete project is expected to be finished within six months. This marks a significant milestone for RRP Defense Ltd. in expanding its international defense manufacturing business.
Company Overview
RRP Defense Limited is an Indian stock market-listed company that has quickly grown into an important name in the country’s defense and drone technology industry. Earlier called Euro Asia Exports Limited, the company changed its name in 2025 as it moved its main business from textiles and trading to advanced defense manufacturing, with a focus on unmanned aerial systems (UAS) and related technologies.
The company has formed a key joint venture with CYGR, a drone technology firm based in France and the USA. This partnership works on making and researching tactical and industrial drones. In this venture, RRP Defense owns a majority share of 90 percent, while CYGR owns the remaining 10 percent. This deal makes RRP Defense stronger in the global drone market.
Financial Highlights
Euro Asia Exports Limited’s revenue has decreased from Rs. 12.30 crore in Q4 FY24 to Rs. 10.45 crore in Q4 FY25, which is a drop of 15.04 percent. The net profit has also grown by 237.50 percent from Rs. 0.48 crore in Q4 FY24 to Rs. 1.14 crore in Q4 FY25.
In terms of return ratios, the company’s ROCE and ROE stand at 82.7 percent and 87 percent, respectively. Euro Asia Exports Limited has an earnings per share (EPS) of Rs. 7.27, and its debt-to-equity ratio is 0.56x.
Written By – Nikhil Naik
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