Ranbir Kapoor’s, Aamir Khan’s & Shankar Sharma’s portfolio multibagger stock: This drone company secures a new contract from the Ministry of Defence!

The stock is up over 100 per cent from its 52-week low of Rs 96.90 per share.

DroneAcharya Aerial Innovations Limited has scored a double victory in its collaboration with the Ministry of Defence’s Department of Military Affairs. Not only has the company secured a contract to supply advanced Drone Simulators, but they have also been entrusted with providing comprehensive Drone Lab equipment to complement the training experience.

This latest deal, focusing on NCPITS (CBS) Bhalra in Jammu & Kashmir, showcases DroneAcharya's dedication to building a complete training ecosystem for drone pilots in the Indian military. The combination of high-tech simulators and specialized workstations will create an immersive and effective learning environment, fostering the development of adept drone piloting skills within the ranks.

The Drone Lab equipment seamlessly aligns with the Ministry of Defence’s vision to strengthen internal training capabilities. This integration further solidifies DroneAcharya's role as a key partner in the mission to cultivate highly skilled drone pilots for national defence.

The successful execution of this contract will signify a significant milestone in the partnership between DroneAcharya and the Ministry. It not only marks a strategic step forward for the company but also propels India's advancement in drone technology for national security purposes. In essence, this collaboration promises to equip the Indian military with the cutting-edge training tools and expertise needed to excel in the ever-evolving field of drone technology.

Paving the way for tech-savvy law enforcement, DroneAcharya, India's top DGCA-certified drone training institute, launches a groundbreaking program for Maharashtra Police. This first-of-its-kind initiative equips senior officials with expertise in drone piloting, transforming them into aerial eyes for enhanced surveillance, reconnaissance, and rapid response. This pioneering move marks a significant leap in Maharashtra's integration of cutting-edge technology for improved public safety.

Two Bollywood stars; 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.  

Today, shares of Droneacharya Aerial Innovations Ltd plunged 0.94 per cent to Rs 204.50 per share from its previous closing of Rs 206.45 with an intraday high of Rs 209.85 and an intraday low of Rs 203.10. The stock is up over 100 per cent from its 52-week low of Rs 96.90 per share.

According to the half-yearly results, the net sales increased by 998.01 per cent to Rs 2,088.86 lakh, PBT increased by 2,934.05 per cent to Rs 533.69 lakh and PAT increased by 2,934.47 per cent to Rs 396.95 lakh 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 announced that it entered into Defence and Space Technologies, the Management of DroneAcharya expects a 50 to 70 per cent CAGR (Compound Annual Growth Rate), and 20 to 25 per cent PAT (Profit After Taxes) in the next 3 years from Defence and Space Technologies. The company has a market cap of Rs 490 crore and investors should keep an eye on this multibagger micro-cap drone stock.

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