Shankar Sharma’s portfolio stock: This micro-cap drone company enters into Defence and Space Technologies; Targets 50-70 per cent CAGR and 20-25 per cent PAT growth!

The stock is up by 99.6 per cent from its 52-week low of Rs 96.90 per share.

Today, shares of Droneacharya Aerial Innovations Ltd gained 4.69 per cent to Rs 188.6 per share with an intraday high of Rs 193.4 and an intraday low of Rs 178.15. The stock is up by 99.6 per cent from its 52-week low of Rs 96.90 per share. The shares of the company saw a spurt in volume by more than 3 times on BSE.

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.

DroneAcharya Aerial Innovations Limited, a prominent drone startup in India, has established its third Remote Pilot Training Organization (RPTO) in partnership with IIT Ropar to cater to the rising demand for skilled drone professionals in northern India. The company's expertise is evident in its training of over 564 DGCA-certified drone pilots, securing the largest market share among private training organizations in the country. DroneAcharya's expansion strategy encompasses not only the new RPTO but also the establishment of 30 new training centres across India, in collaboration with Tata Strive and Wollstone Capital. These centres will serve as hubs for drone training, product development, and drone-based services, further solidifying DroneAcharya's position as a leading player in India's burgeoning drone industry.

In past the company has been awarded India's largest DGCA Certified Drone Pilot Training Tender for Government officers of Karnataka valued at Rs 96,00,000, by the Karnataka Forest Department. The scope of work for this ambitious tender includes training of 240 officers in DGCA-certified drone pilot training as well as in applications of Drones in Forestry and Surveillance in two phases. This project holds the potential for the training of at least 13,000 government personnel in Karnataka in the due course of time.

As of the September quarter, Shakar Sharma owns 4,57,000 shares or 1.91 per cent stake in the company. The company has a market cap of over Rs 450 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.