The Indian drone industry has been evolving rapidly, attracting significant investment and growth in recent years. Drones are finding applications across diverse sectors such as agriculture, defence, logistics, healthcare, and e-commerce, driving strong demand for drone technology.
Listed below is one such smallcap stock that falls under the drone industry:
Optiemus Infracom Ltd
Price Movement:
With a market capitalization of Rs. 3,444 crores, the shares of Optiemus Infracom Ltd started Monday’s trading session on a higher note at Rs. 401 compared to its previous close of Rs. 398.40. During the trading session, the shares hit a low of Rs. 392.50, losing around 1 percent and are currently trading at Rs. 394 apiece.
Financials:
Looking at the company’s financial statements, the revenue increased by around 2 percent from Rs. 482 crores during the December quarter to Rs. 490 crores in the March quarter. In addition, the net profits zoomed by 33 percent from Rs. 18 crores to Rs. 24 crores during the same period.
Comparing the same metrics on a YoY basis, the revenue surged by 44 percent from Rs. 340 crores during Q4FY23 to Rs. 490 crores in Q4FY24. On the other hand, the net profits jumped by 41 percent from Rs. 17 crores to Rs. 24 crores during the same timeframe.
Drone Segment:
In 2023, the company entered a new business venture named “Optiemus Unmanned Systems” (“OUS”), introducing advanced, precision-engineered drones designed and produced in India. Furthermore, the company invested Rs. 25 crores in its subsidiary.
The company aims to cater to defence, mining, agriculture, logistics, mapping, disaster management and hospitality sectors in India and abroad.
Recently, the company launched a lineup of indigenously developed drones for agricultural and mapping applications.
The company has introduced the Agri Shakti 10L drone, priced at Rs. 2.25 lakhs plus GST, designed for precision farming and pesticide spraying. It can cover an acre in approximately 7 minutes with its 10-litre spray tank.
Another product, the Vajra QC P20, is a precision agriculture and mapping drone that can survey 0.5 to 1 sq. km and has a flight time of over 30 minutes.
The company is adopting a ‘Drone as a Service’ strategy to reach target markets. They plan to train around 6,000 pilots to manage a fleet of 5,000 drones by the end of 2025, with an investment of about Rs. 140 crores and are targeting a service revenue of around Rs. 600 to Rs. 900 crores by the end of calendar year 2025
Optiemus Infracom aims to align with the ‘Make in India’ initiative by developing drones using at least 65 percent domestic components, with a target of increasing this to 75 percent by the end of the current fiscal year.
This localization of key components like power distribution boards, flight controllers, and motors is expected to offer cost-effective drones for precision farming and spraying, benefiting farmers across India.
Moreover, the company is also collaborating with various national and state-run cooperatives, government bodies, and agricultural universities to promote the adoption of these drone-based services across India, utilizing a hub-and-spoke model to enhance efficiency and affordability.
Important Financial Ratios:
In terms of key financial metrics, the company reported a return on equity of 8.53 percent and a return on capital employed of 11.28 percent for the period spanning FY23-24. Additionally, the net profit margin stood at 36.67 percent during the same timeframe.
Shareholding Pattern:
According to the latest shareholding pattern, the Promoters possess a 74.89 percent stake in the company. Foreign Institutional Investors (FIIs) hold 0.02 percent of the shares, while Domestic Institutional Investors (DIIs) account for 0.06 percent. The remaining 25.03 percent of the shares are held by Retail investors.
Company Profile:
Headquartered in New Delhi, Optiemus Infracom is a diversified, and high-performance telecommunication company specialized in multi-domain experience, including management, distribution, and marketing of mobile and telecom products in the Indian subcontinent.
Written By Vaibhav Patil
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