This drone company bagged an export order worth Rs 15,10,00,000 for the supply of 5,000 FPV drone kits and components!
The stock has delivered a remarkable return of over 160 per cent to its shareholders.
In the latest update, this micro-cap drone company secured the largest FPV (First Person View) drone supply export order in India to date, valued at Rs 15,10,00,000 from an international entity MB Darvilis. It comprises the supply of 5,000 units of FPV drone kits and components and is expected to be the first of many such orders for DroneAcharya. The execution of this order will be in partnership with their Thailand-based group company, Drone Entry (Thailand) Co. Ltd.
DroneAcharya's FPV Drones, extensively tested in Pokhran and Lachung across the Southern, Northern, and Eastern Commands of the Indian Army, have demonstrated their ruggedness and cost-effectiveness as tactical platforms for the Indian Defence. This order marks a significant milestone for DroneAcharya, facilitating entry into a new market and showcasing India's technological capabilities to global markets. It aligns with the Make in India initiatives, addressing the growing demand for drones with domestically manufactured solutions.
Incorporated in 2017, Droneacharya Aerial Innovations specializes in providing a range of services including drone operation training, supply and maintenance services, as well as management consultancy and training services.
Share Performance:
On Friday, the company's stock closed at around Rs 143.80 per share representing a rally of around 4.09 per cent, with a market capitalisation of Rs 344.96 crore. Additionally, the stock has delivered a multibagger return of around 166 per cent compared to its final IPO issue price of Rs 54 per share.
Financial performance:
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 20.89 crore and a net profit of Rs 3.96 crore. In FY24, the company reported a revenue of Rs 35.19 crore and a net profit of Rs 6.18 crore, compared to a profit of Rs 3.43 crore in the previous year.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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