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Leading Drone Companies Stocks in India

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Drone companies in India have carved an impressive space for themselves. The growth of drone technology in India can be seen in different fields including healthcare, agriculture, defence and a lot more. The future for drone technology in India appears promising thus making it a reliable sector for investors to explore, as well.

If you are interested in drone sector stocks, then it’s important to first understand its impact, importance and analyse what the future looks like. 

Leading Drone Companies in India Listed in Stock Market

Before getting into the details of drone industry, here’s a list of leading drone companies in India that are performing positively in the market: 

Company Name

Revenue for FY 2024 (In Cr) 

Profit for FY 2024 (In Cr)

Profit Growth for FY 2024 (3 Year CAGR)

Profit Growth for FY 2024 (5 Year CAGR)

R&D Expense for FY 2024 (In Cr)

ideaForge

Technology

314

45

-244%

-237%

51

Zen Technologies

440

128

251%

58%

25

Paras Defence

Technologies

254

30

24%

9.63%

N/A

Bharat Electronics

20,268

3,985

24.00%

16.13%

1,100

Hindustan Aeronautics 

30,381

7,621

9.91%

8.71%

-2,000

Mean

  

-23.18%

11%

 

Media 

  

24%

10%

 

Overview of the Drone Industry in India

The drone industry in India has come a long way to become a norm in many sectors. This has been possible because of the increasing interest of both domestic and international investors. Today, the usage of drones can be seen in commercial as well as government sectors especially for field inspection, aerial photography, infrastructure evaluation, filmmaking, defence and now even for delivery services.

To pave the way for drone companies in India, the government has taken many steps by introducing initiatives like Digital Sky Platform which oversees and streamlines registration and approval of drone operations in the country. 

Let’s take a look at the leading drone companies in detail: 

  • ideaForge Technology

A leading manufacturer of unmanned aerial vehicles, ideaForge Technology has gained popularity over the years. The company has an in-house manufacturing unit for unmanned aerial vehicles used in both civilian and defence sectors. ideaForge Technology launched its IPO in June 2023. 

  • Zen Technologies

A name that has revolutionised aerial surveillance for the defence sector, Zen Technologies is a drone company worth exploring. It is a defence drone manufacturing company that has helped the industry enhance its anti-drone activities like tracking and jamming unknown aerial communication. The company is one of the largest anti-drone suppliers for the Ministry of Defence. 

  • Paras Defence and Space Technologies

With a legacy of 40 years, Paras Defence and Space Technologies is a leading drone company. It is primarily a defence equipment and space technology company whose area of work can be divided broadly into two categories: Optics & Optronic Systems, and Defence Engineering. The company has prominent subsidiaries as well like Paras Aerospace and Paras Anti-drone Solutions.

  • Hindustan Aeronautics Ltd

A drone company that has taken over the stock market with its impressive figures, Hindustan Aeronautics Ltd is the country’s one of the largest defence equipment suppliers and manufacturers. As per recent records, it holds the 7th rank in being the largest PSU in India. Primarily, the company deals with designing, developing, repairing, manufacturing, upgrading, service etc of numerous air vehicles. 

  • Bharat Electronics Ltd (BEL)

BEL was introduced in 1954 with the aim to provide solutions for various electronic needs of the country and over the years it has become a prominent name as a multi-product company. It works for various fields like missile systems, communication & C4I systems, naval systems & antisubmarine warfare systems, electronic warfare & avionics, radars & fire control systems etc. The company has received the status of Navratan and marked its presence in drone technologies. 

Importance of Drone Companies in Indian Stock Market

Now that you have an overview of leading drone companies in India, let’s take a look at their importance that will help you make an informed choice as an investor: 

  • Why Invest in Drone Companies?

You must have heard that drone sector stocks are worth exploring in the stock market but what makes these companies so special? Multiple reasons make investments in drone companies a promising opportunity: 

  • Technological change in every sector, both private and public.

  • The wide growth potential is due to increasing demand.

  • Drone companies have an impressive market potential that can be leveraged to earn profit. 

  • Drone companies have support from the government through different initiatives for incentives and subsidies.

  • Drone companies have emerged as an attractive opportunity for both local and international investors.

  • Key Sectors Driving Demand for Drones

Drones have paved their way in different sectors, both public and private. This specific technology is explored in various sectors like construction, infrastructural development, photography and filming, defence and surveillance, media and entertainment, utilities and energy, financial services etc. The role of drone technology has been exponentially beneficial for the defence sector by helping it achieve a higher degree of aerial surveillance, tracking and communication. 

How to Invest in Drone Companies in India

Drone sector stocks in India are showing positive trends in the market and the financial figures of drone companies are enough to get you on board as an investor. While investment in drone stocks in India can be beneficial, it is important to first understand the fundamentals of investing in these companies. Here’s how you can get started:

  • Steps to Start Investing in Drone Companies

To start investing in drone stocks in India, you first have to open demat account and trading account with a credible broking platform. Once you have the account, you get access to a wide range of stocks from drone companies that you can explore and choose. Finalise the stocks you wish to invest in and make the transaction smoothly through online payment options. 

  • Tips for Identifying the Best Drone Stocks

To pick the best drone stocks, here’s what you must be considerate about: 

  • Revenue Growth: Make sure to look for drone companies that have showcased positive revenue growth in the last five years. You can rely on broking platforms to get simplified data for easy and quick analysis of the company. 

  • Profitability: Analysing the company’s profit is a factor that you must evaluate. Choosing a company that shows higher profit each year is worth putting your money in.

  • R&D: Drone technology is primarily related to research and development thus making it obvious that companies with promising R&D bases will showcase positive results in the stock market. 

Future Prospects of Drone Stocks in India

Investing in drone stocks in India is a positive space even for investors who are relatively new in the stock market. To understand the value of drone stocks better, analysing their prospects becomes important, too. Let’s evaluate the future prospects of drone stocks in India through market trends and challenges:    

  • Market Trends and Projections for Drone Technology

Drone technology in India is already showing positive trends and based on the rapid growth in demand, experts are predicting a promising future, as well. In fact, the drone market in India is projected to reach USD 1,437 by 2029 from USD 654 in 2024. 1 Furthermore, it is projected that the drone market in India will reach 79.6k units by 2029 with an expected volume growth of 6.6% in 2025. 2

It is safe to say that the Indian drone industry is one of the fastest booming spaces because of the complementary services it offers in other sectors. 

Experts are predicting an even deeper integration of defence and drone technology that implies enhanced government support and positive market trend. 

  • Challenges Faced by Drone Companies in India

Drone companies in India have come a long way but there are certain challenges that they continue to face:

  • Safety: One of the biggest challenge faced by drone companies is safety concerns. Drones are not only difficult to manufacture but also require expertise in operation and handling. Even a minute misplacement can raise severe safety alarms.

  • Rules and Regulations: Any form of manufacturing, designing, development, operation and supply related to drones require companies to comply with multiple rules and regulations. These complaints can be difficult to clear and often halt the company’s growth.

  • Need for Rapid Development: Drone technology is hard to develop and maintain. Right from its design and manufacture to battery life and handling, drones need rapid development and updates that can be challenging for companies. 

Conclusion

Due to the increasing dependency on technology in every sector of the market, drone stocks have emerged as a reliable opportunity for investors. What makes drone stocks appealing to investors is their rapidly growing demand in sectors such as defence, agriculture, surveillance, filming etc. If you are planning to invest in drone company shares make sure to perform due diligence.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Frequently Asked Questions

What are drone stocks, and why are they gaining popularity in India?

Answer Field

Drone stocks are investment opportunities for companies that are engaged in the production, utilisation, or distribution of drones. These stocks are gaining huge popularity these days because of market trends and a preferential shift towards such innovation. These drones are being used in several fields, including agriculture, field inspection, construction, and more.

Which are the top drone stocks to invest in India?

Answer Field

Some of the top drone stocks in India include popular names like ideForge Technology, Bharat Electronics, Hindustan Aeronautics, and Zen Technologies.

What is the growth potential of the drone industry in India?

Answer Field

According to a report by the Economic Times, India aims to be a global hub for drones by 2030. The same will help increase the country's GDP by 1.5% and create around 5 lakh jobs soon. Additionally, according to a statement by Gen. VK Singh, Minister of State of Civil Aviation, the Indian drone manufacturing industry is likely to jump from ₹60 crores in 2020-21 to around ₹900 crore by 2024-25.

How has the Indian government supported the drone sector?

Answer Field

The Indian government has supported the drone sector in several ways by implementing a variety of ways. For example, the government has Namo Drone Didi to encourage women in rural India to create additional sources of revenue using drones. Additionally, the PLI scheme is aimed at encouraging MSMEs to be involved in drone production and distribution.

What factors should be considered before investing in drone stocks in India?

Answer Field

Before you invest in drone stocks in India, it is important to consider a few things to make an informed choice. Some of these factors include market trends, the company's financial health, regulatory policies, market fluctuations, technology updates, and so on.

What is the future outlook for drone technology and its impact on stock prices in India?

Answer Field

The government emphasises 5 pillars to help India emerge as a drone hub. This includes factors like ease of doing business, government procurement, PLI, support for domestic industries, and export liberalisation. With support like this, the government aims to push the Indian drone industry positively. The annual sales are expected to be around ₹900 crores by 2024-25, and the future looks promising.

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