Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹77 Cr.
Stock P/E
-5.7
P/B
1.3
Current Price
₹32.2
Book Value
₹ 24.3
Face Value
10
52W High
₹65.4
52W Low
₹ 29
Dividend Yield
0%

Droneacharya Aerial Overview

Business

Droneacharya Aerial Innovations Ltd. is an integrated drone solutions company based in India. Its core business revolves around three main pillars:

Drone Pilot Training: Providing Directorate General of Civil Aviation (DGCA) certified drone pilot training programs for various categories of drones, equipping individuals and corporates with necessary skills.

Drone Manufacturing & Assembly: Designing, assembling, and selling customized drones for diverse applications across different sectors.

Drone-as-a-Service (DaaS): Offering a range of drone-based services including surveillance, aerial mapping, inspection, agricultural spraying, photography, and data analytics for industries like infrastructure, mining, agriculture, and defense.

The company primarily makes money through fees from its training programs, sales of manufactured drones, and service contracts for drone deployment and data collection.

Revenue Mix

While exact revenue breakdown percentages can fluctuate and are not always fully disclosed publicly on a granular level, Droneacharya's primary revenue streams broadly fall into:

Drone Pilot Training: This is a significant segment, driven by the demand for certified drone pilots in India.

Drone Manufacturing & Sales: Revenue generated from the sale of custom-built drones.

Drone Services (DaaS): Earnings from deploying drones for various client projects (e.g., mapping, inspection, spraying).

Allied Services: Potentially includes GIS training, drone maintenance, and other consulting services.

The training segment has historically been a strong contributor, providing a stable foundation, while manufacturing and services represent growth areas.

Industry

The Indian drone industry is nascent but experiencing rapid growth, largely propelled by supportive government policies like the Drone Rules 2021, the Production Linked Incentive (PLI) scheme for drones and drone components, and increased adoption across various sectors (agriculture, infrastructure, logistics, defense).

Droneacharya positions itself as an integrated player offering end-to-end solutions from training to manufacturing and services. It is one of the early-listed pure-play drone companies in India, giving it a certain market visibility. The industry is competitive, with numerous smaller specialized players, training academies, and emerging drone manufacturers. Droneacharya aims to differentiate through its DGCA certification for training, diverse service portfolio, and R&D capabilities.

MOAT

Regulatory Certification: DGCA certification for drone pilot training is a significant regulatory barrier to entry and provides a quality assurance mark, making Droneacharya a preferred choice for professional training.

Integrated Model: Offering a full suite of services (training, manufacturing, services) can create synergies and potentially higher switching costs for clients looking for a single vendor for comprehensive drone solutions.

Early Mover in Listed Space: Being among the first listed drone companies in India offers visibility and access to capital for expansion compared to unlisted peers.

Brand Recognition: As a relatively early and listed player in a high-growth sector, it can build brand recognition more effectively.

Growth Drivers

Favorable Government Policies: Continued support from the Indian government through relaxed regulations, PLI schemes, and promotion of drone usage in various sectors (e.g., 'Kisan Drone' for agriculture).

Sectoral Adoption: Increasing demand for drone technology in agriculture (precision farming, spraying), infrastructure (inspection, monitoring), mining, defense, logistics, and smart city projects.

Skilled Manpower Demand: Growing need for DGCA-certified drone pilots to operate the expanding fleet of commercial drones.

Technological Advancements: Ongoing innovation in drone capabilities (payload capacity, endurance, autonomy, AI integration) expanding their applications and efficiency.

Geographic and Service Expansion: Potential to expand training centers across India and introduce new drone models or specialized services.

Risks

Regulatory Changes: While currently supportive, any adverse changes in drone regulations or licensing requirements could impact operations significantly.

Intense Competition: The industry is attracting many new players, including established technology firms and startups, leading to price pressure and market share battles.

Technological Obsolescence: Rapid advancements in drone technology could quickly render existing models or service methodologies outdated, requiring continuous R&D investment.

Client Concentration: Potential reliance on a few large government or corporate contracts, making revenue susceptible to loss of key clients.

Capital Intensity: Scaling drone manufacturing and services, as well as R&D, requires significant capital investment.

Safety and Public Perception: Drone accidents or privacy concerns could lead to negative public sentiment or stricter operating rules.

Management & Ownership

Droneacharya was founded by Mr. Pratej Anil Hundare, who is also the Managing Director & CEO. He is considered the key promoter of the company. As a relatively new and high-growth company, management often comprises a mix of young, entrepreneurial talent and experienced professionals. Promoter holding typically remains significant post-IPO, demonstrating commitment. The ownership structure generally includes promoter group, institutional investors (if any have invested), and public shareholders (retail and HNIs). Specific details would be available in their latest shareholding patterns filed with exchanges.

Outlook

Droneacharya Aerial Innovations operates in a sunrise sector in India with substantial growth potential, driven by supportive government policies and increasing industry adoption of drone technology. Its integrated business model, encompassing DGCA-certified training, manufacturing, and services, provides multiple revenue streams and a competitive edge in a nascent market. The company benefits from being an early mover and a listed entity, offering it visibility and access to capital.

However, the sector is also characterized by intense competition, rapid technological evolution, and the inherent risks associated with a relatively new and evolving regulatory landscape. The company's ability to continuously innovate, scale its operations efficiently, attract and retain skilled talent, and navigate competitive pressures will be crucial for its sustained growth and profitability. Its future performance will largely depend on successfully capitalizing on the expanding market opportunities while effectively managing operational and competitive challenges.

Droneacharya Aerial Share Price

Live · BSE · Inception: 2017
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Droneacharya Aerial Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Droneacharya Aerial Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 19 35 35
Other Income 1 2 2
Total Income 19 37 37
Total Expenditure 14 25 50
Operating Profit 6 12 -13
Interest 0 0 0
Depreciation 1 4 5
Exceptional Income / Expenses 0 0 0
Profit Before Tax 5 8 -18
Provision for Tax 1 2 -4
Profit After Tax 3 6 -13
Adjustments -0 0 -0
Profit After Adjustments 3 6 -13
Adjusted Earnings Per Share 1.4 2.5 -5.6

Droneacharya Aerial Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 66 72 58
Minority's Interest 0 -0 -0
Borrowings 0 0 0
Other Non-Current Liabilities 0 0 -2
Total Current Liabilities 3 7 7
Total Liabilities 70 79 63
Fixed Assets 7 9 15
Other Non-Current Assets 37 5 9
Total Current Assets 26 65 39
Total Assets 70 79 63

Droneacharya Aerial Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 12 2 4
Cash Flow from Operating Activities -25 -5 -7
Cash Flow from Investing Activities -33 7 5
Cash Flow from Financing Activities 48 0 2
Net Cash Inflow / Outflow -10 1 -1
Closing Cash & Cash Equivalent 2 4 3

Droneacharya Aerial Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.43 2.54 -5.62
CEPS(Rs) 1.81 4.17 -3.72
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 27.63 30.18 24.17
Core EBITDA Margin(%) 27.05 29.13 -44.02
EBIT Margin(%) 25.21 23.73 -50.89
Pre Tax Margin(%) 25.01 23.65 -51.99
PAT Margin (%) 18.49 17.25 -39.02
Cash Profit Margin (%) 23.38 28.38 -25.84
ROA(%) 4.92 8.15 -18.91
ROE(%) 5.18 8.77 -20.66
ROCE(%) 7.06 12.05 -26.87
Receivable days 221.57 208.86 287.99
Inventory Days 0 0.1 0
Payable days 0 149.96 47.9
PER(x) 86 50.9 0
Price/Book(x) 4.44 4.28 2.65
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 15.71 8.69 4.37
EV/Core EBITDA(x) 52.18 24.92 -11.58
Net Sales Growth(%) 0 89.84 -2.08
EBIT Growth(%) 0 78.69 -310
PAT Growth(%) 0 77.1 -321.55
EPS Growth(%) 0 78 -321.29
Debt/Equity(x) 0 0 0
Current Ratio(x) 8.13 9.62 5.41
Quick Ratio(x) 8.16 9.62 5.41
Interest Cover(x) 125.17 291.46 -46.19
Total Debt/Mcap(x) 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% — — —
Operating Profit CAGR -208% — — —
PAT CAGR -317% — — —
Share Price CAGR -47% -44% — —
ROE Average -21% -2% -2% -2%
ROCE Average -27% -3% -3% -3%

Droneacharya Aerial Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 28.21 %
FII 2.07 %
DII (MF + Insurance) 0 %
Public (retail) 69.72 %
# Dec 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 38.2328.2128.2128.2128.2128.2128.2128.21
FII 05.281.312.021.571.290.552.07
DII 00000000
Public 61.7766.5170.4869.7770.2270.571.2469.72
Others 00000000
Total 100100100100100100100100

Droneacharya Aerial Peer Comparison

Professional Services Edit Columns

Droneacharya Aerial Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Droneacharya Aerial Pros & Cons

Pros

  • Debtor days have improved from 149.96 to 47.9days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 28.21%.
  • Company has a low return on equity of -2% over the last 3 years.
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