Shankar Sharma’s portfolio stock: This drone company bags new order worth Rs 1,99,500 from India Army

In December 2023, BofA Securities Europe Sa, an FII bought 1,67,000 shares at Rs 188 per share aggregating to Rs 3,13,96,000 or 3.14 crore.

DroneAcharya Aerial Innovations Ltd informed that the company has bagged an order worth Rs 1,99,500 from one of the Artilleries of the Eastern Command of the Indian Army. The order includes the supply of drones to the military with cutting-edge FPV (First Person View) drones equipped with night vision capabilities. This significant milestone further solidifies DroneAcharya's position as a trusted partner within the Indian Drone industry.

Over the past year, the company has secured numerous contracts encompassing drone supply, services, and training across various army units. These state-of-the-art FPV drones boast night vision technology, significantly enhancing border security, search and rescue operations, perimeter surveillance, and regular patrolling by extending operational capabilities into nighttime environments. This deployment reflects DroneAcharya's unwavering commitment to providing cutting-edge solutions specifically tailored to the needs of its esteemed clients, the Indian Army.

Droneacharya Aerial Innovations Ltd, founded in 2017, offers drone pilot training, supplies drones, and provides maintenance services. They also consult for government and private organizations and offer various other drone-related services like surveying, inspections, and environmental monitoring. The company collaborates with educational institutions worldwide, recently launched a defence-focused drone, and is expanding both through acquisitions and franchises.

Aamir Khan invested Rs 25 lakh to purchase 46,600 shares during the pre-IPO fundraising round, and Ranbir Kapoor spent approximately Rs 20 lakh to purchase 37,200 shares. Additionally, an ace investor, Shakar Sharma owns 4,57,000 shares or 1.91 per cent stake in the company.  

In December 2023, BofA Securities Europe Sa, an FII bought 1,67,000 shares at Rs 188 per share aggregating to Rs 3,13,96,000 or 3.14 crore. (BofA Securities Europe SA operates as an institutional broker. The company offers fixed income, currency, and commodities financial instruments dealing, as well as investment banking advisory, underwriting, and post-trade related services. BofA Securities Europe SA serves customers worldwide).

According to the half-yearly results, the net sales increased by 998.01 per cent to Rs 20.9 crore, profit before tax increased by 2,934.05 per cent to Rs 5.34 crore and PAT increased by 2,934.47 per cent to Rs 4 crore in H1FY24 compared to H1FY23. According to its annual results, the net sales increased by 417.3 per cent to Rs 18.57 crore and net profit increased by 736.6 per cent to Rs 3.43 crore in FY23 compared to FY22. The company has a market cap of over Rs 300 crore and investors should keep an eye on this micro-cap drone stock.

Disclaimer: The article is for informational purposes only and not investment advice.