Bluechip Stock with a strong presence across automobile, agriculture, logistics, hospitality, financial services, IT, and many others jumped 3 percent in the day’s trade upon signing an MoU to explore opportunities for developing and providing Anti-Drone Solutions to military and civilians.
Price Action
With a market capitalization of Rs. 3,49,302 Crores, the shares of Mahindra & Mahindra Limited were trading at Rs. 2,807.40 per equity share, up 1.8 percent from its previous day’s close price of Rs. 2,757.80.
What Happened
The Mahindra Group and Sentrycs have signed a Non-Binding Memorandum of Understanding (MoU) to explore opportunities for developing and providing ‘differentiated Anti-Drone Solutions’ in India, for civilian and military applications.
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The MoU relates to the ‘Anti-Drone Systems’ technology space and will focus on the Transfer of Technology (TOT) and manufacturing of radio frequency-based counter-drone solutions under the Government of India’s ‘Make in India’ initiative.
The ‘differentiated anti-drone solution’ is an autonomous and integrated system with a command and control (C2) module, and enables detection, tracking, identification, and mitigation of incoming drones. In addition, the system can monitor drone flight paths, and identify their specific models, unique serial numbers, and IDs.
This capability allows for precise differentiation between friendly and hostile drones. In cases where a drone is classified as a threat, the system can autonomously take control and ensure it lands safely in a predefined zone resulting in no collateral damage.
The system can be deployed for the protection of critical infrastructure in urban areas or as an integral part of a broader multi-layered ‘anti-drone solutions’ for military applications.
Mr Yoav Zaltzman, CEO, Sentrycs said,
“We are excited to partner with Mahindra, to provide Counter UAS solutions for the Indian market. The exponential growth in the use of drones for military purposes as witnessed in recent conflicts, calls for appropriate technological solutions that can mitigate the risks posed by these drones, when used by hostile forces,”
“The strategic partnership with Mahindra would provide a cutting-edge multi-layer CUAS solution, made in India, that can be used to protect military bases, military forces, and borders against the threat of drones. Sentrycs adaptive protocol analytics-based counter-drone technology detects, identifies, tracks, and mitigates drone threats in any environment.
About the Company
Mahindra Group Limited is one of the largest multinational conglomerates. It enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate
Mahindra & Mahindra Limited is one of the most diversified automobile companies in India with a presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers. It also has a presence across financial services, auto components, hospitality, infrastructure, retail, logistics, steel trading and processing, IT businesses, and others.
Financials and Ratios
Its revenue from operations grew by 9.8 percent from Rs. 33,892 Crores in Q1FY24 to Rs. 37,218 Crores in Q1FY25, accompanied by profits of Rs. 3,684 Crores to Rs. 3,546 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 18.4 percent, and a Return on capital employed (ROCE) of 13.6 percent. It has reported a debt-to-equity ratio of 1.64.
Written by: Bharath K.S
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