As of June 2024, the drone sector is experiencing significant growth, with the global market projected to reach USD 60.37 billion. Key applications span various industries, including energy, logistics, and agriculture. Innovations in technology and regulatory support are driving this expansion, positioning drones as vital tools in both civilian and military operations.
Here are the drone stocks with less than 1:-
Zen Technologies Ltd
Zen Technologies Limited designs, develops and manufactures defense training systems based on sensor and simulator technology. The company’s product categories include land-based military training simulators, driving simulators, live range equipment, and anti-drone systems.
With a market capitalization of Rs 15,284.80 crore, the shares were trading at Rs 1,694.70 per share, increasing around 0.55 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.01.
As of June 2024, Zen Technologies’ order book stands at ₹1,400 crore, driven by major contracts, including ₹930 million from the Ministry of Defence. The orders focus on training simulators (₹819.21 crore) and counter-drone systems (₹648.11 crore).
Looking at the company’s financial statements, the revenue magnified by 93 percent from Rs. 132 crores in Q1FY24 to Rs. 255 crores in Q1FY25. In addition, the net profits zoomed by 64 percent from Rs. 48 crores to Rs. 79 crores during the same period.
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Ideaforge Technology Ltd
Ideaforge Technology Limited’s primary activity is the production and selling of unmanned aerial vehicle (UAV) systems for security and surveillance. The auxiliary industry of providing training and maintenance services revolves around the primary business of manufacturing and marketing UAV systems.
With a market capitalization of Rs 3,086.39 crore, the shares were trading at Rs 717.35 per share, increasing around 1 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.02.
The company order book as of 30 June stood at approximately Rs 54.2 crores. Ideaforge closely working on its L1 pipeline of Rs 300 plus crores. The current order book should be executed within this and the next quarter.
Looking at the company’s financial statements, the revenue plummeted by 11 percent from Rs.
97.07 crores in Q1FY24 to Rs. 86.19 crores in Q1FY25. In addition, the net profits dipped by 94 percent from Rs. 18.86 crores to Rs. 1.17 crores during the same period.
Drone Destination Ltd
Drone Destination Limited is an India-based drone as a service (DaaS) and training provider. The Company is a DGCA-approved remote pilot training organization (RPTO) that provides accredited training programs. The company has three training facilities: Gurugram, Chandigarh, and Phulpur.
With a market capitalization of Rs 644 crore, the shares were trading at Rs 265 per share, decreasing around 1 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.06.
The company has recently forayed into Agri Drone Services and partnered with IFFCO. It has deployed over 200 drones and pilots and executed more than 25,000 Agriculture Drone Demonstrations in Uttar Pradesh, to push for agriculture drone adoption in rural India.
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Looking at the company’s financial statements, the revenue jumped by 381 percent from Rs. 5.48 crores in H1FY24 to Rs. 26.35 crores in H2FY24 In addition, the net profits magnified drastically by 1,615 percent from Rs. 0.39 crores to Rs. 6.69 crores during the same period.
Written by:- Abhishek Singh
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