This microcap Drone company, which is engaged in providing Drone operation training, supply and maintenance services, training services, and management consultancy was up by 8 percent after receiving a new work order from AgroCast Analytics (IIT Gandhinagar) worth Rs. 0.70 crore.
Price Movement
In Wednesday’s trading session, Droneacharya Aerial Innovations Limited stock was up by 7.92 percent and touched a day’s high of Rs. 123.90. The stock reiterated from day’s high and was trading at Rs. 121.95 which is 6.23 percent from its previous close price of Rs.114.80. The stock has delivered a negative return of around 36 percent and underperformed nifty in the same period.
What happened
The stock rose after the company received new work orders to conduct a comprehensive drone survey of the Dholera Special Investment Region in Gujarat. The work orders, total valued at Rs. 0.70 crore received from AgroCast Analytics Pvt. Ltd., which is an IIT Gandhinagar incubated company, specializing in advanced analytics and technology solutions focused on agriculture and infrastructure sectors.
This project is to be executed in two phases, with DroneAcharya initiating the specified tasks in Phase 1 which is valued at Rs. 0.35 crore. The total project duration is expected to be completed in ten weeks from the date of service order issuance. The project is related to a detailed drone-based survey of 242 sq. km of Dholera SIR using fixed-wing VTOL drones equipped with PPK technology and a 42 MP camera while ensuring high-precision mapping and data collection.
Management Commentary
After receiving the work order, Prateek Srivastava, the Founder and Managing Director of DroneAcharya Aerial Innovations, said: “India’s rapid urbanization and infrastructure development require cutting-edge technologies like drone surveys for accurate town mapping and planning. Projects like Dholera SIR showcase how drones can play a pivotal role in creating smarter, well-planned cities that align with India’s vision of sustainable urban growth.”
Financial Performance
Its Revenue from operations increased by 28.76 percent year on year from Rs. 20.89 Crores in H1FY24 to Rs. 26.90 Crores in H1FY25, accompanied by profits of Rs. 3.96 Crores to Rs. 1.51 Crores.
In the return ratios, the return on equity (RoE) in FY24 stood at around 8.91 percent, and the return on capital employed was around 11.6 percent. The debt-to-equity ratio stood around 0 as of FY24.
Shareholding Pattern
As of September 2024, the shareholding pattern includes promoters holding a major share of 28.21 percent stake in Droneacharya Aerial Innovations. Foreign Institutional Investors (FIIs) hold 1.57 percent, and public holdings stand at 70.22 percent.
About the company
Droneacharya Aerial Innovations Limited was established in 2017. They specialize in providing a suite of drone solutions which includes consultancy services, drone pilot training, and data processing. They offer DGCA-certified training programs, aerial cinematography, and multi-sensor drone surveys.
Their business model focuses on serving private and government sectors by leveraging innovative technology for applications in infrastructure, agriculture, and environmental monitoring. Through partnerships and expanding its service offerings, Droneacharya is looking to capitalize on the growing demand for drone technology in India.
Written by Santhosh S
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