Drones are rapidly adopted in the realty sectors due to their ability to survey the property, offer constant and accurate project alerts, increase the safety, and prevent harmful accidents on the areas of construction. Moreover, their conventional applications, such as surveillance, security and monitoring have boosted its demand for search and rescue operations.
In 2022 the global commercial drone market size was estimated at USD 19.89 billion and it is expected to grow at a compound annual growth rate (CAGR) of 13.9 percent from 2023 to 2030. Its growth in the diverse market is attributed to the increasing enterprise application of drones across various industry verticals.
Droneacharya Aerial Innovations
Droneacharya Aerial Innovations Limited is a Micro-cap stock with a market capitalization of Rs. 443.55 Crores, On November 03, 2023 the shares of Droneacharya Aerial Innovations were trading at Rs. 184.90per share up 0.02 percent from its previous day close price of Rs. 184.85.
Its revenue grew 417.27 percent from Rs. 3.59 Crore in FY22 to Rs. 8.57 Crore in FY23, accompanied by increasing profits of Rs. 41 lakhs to Rs. 3.43 Crores.
In FY23 it has reported a return on equity (ROE) of 8.51 percent and a return on capital employed (ROCE) of 11.52 percent., it is generating good profits and is making consistent returns on its equity and capital employed year on year.
Droneacharya Aerial Innovations Limited is into providing high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high-configuration workstations, Drone pilot training and specialised GIS training.
DCM Shriram Industries
DCM Shriram Industries Limited is a small-cap stock with a market capitalization of Rs. 1,111.76 Crores, On October 30, 2023 the shares of DCM Shriram Industries were trading at Rs. 127.50 per share, up 3.30 percent from its previous day close price of Rs. 123.95.
Its revenue grew 10.73 percent from Rs. 2,123.12 Crores in FY22 to Rs. 2,350.92 Crores in FY23, accompanied by decreasing profits of Rs. 66.24 Crores to Rs. 60.16 Crores.
In FY23 it has reported a return on equity (ROE) of 8.66 percent and a return on capital employed (ROCE) of 10.24 percent , it is making decent returns on its equity and capital employed and its profitability ratios are reducing due to the increase in its expenses.
DCM Shriram Industries which is part of the famous Indian Conglomerate the DCM Shriram Industrial Group, it is primarily engaged in production and sale of sugar, power, alcohol, Drones, chemicals and industrial fibers.
Written by: Bharath K.S
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