Shankar Sharma’s portfolio micro-cap stock: This drone manufacturing company along with SPPU introduces India's first credit-based DGCA certified remote pilot certification!

The stock is up by 74 per cent from its 52-week low of Rs 111.15 per share.

Savitribai Phule Pune University (SPPU) or the “Oxford of the East'', has taken a significant leap forward in academic innovation by integrating DroneAcharya's esteemed Drone Courses into its official curriculum, for the first time in India. This pioneering collaboration allows SPPU students to seamlessly enrol in DroneAcharya's courses via the university's website, marking a monumental milestone in academic expansion and career development in emerging technologies. With SPPU's endorsement, students undertaking DroneAcharya's courses will earn additional credits, cementing the courses' recognition within the university framework.

Completion of these courses will culminate in the issuance of a joint certificate from SPPU and DroneAcharya, amplifying the students' credentials in the burgeoning field of drone technology. The range of courses includes DGCA Certified Drone Pilot Training, Drone Building, Drone Data Processing and GIS (Geographic Information System), Aerial Cinematography, Python Coding for Drones and GIS and courses specific to emerging applications like Agriculture and Disaster Management. This partnership represents a significant milestone, granting DroneAcharya Aerial Innovations Limited, India’s leading DGCA-certified drone pilot training organization, the opportunity to share its expertise with the entirety of SPPU's student body.

With approximately 1,000 affiliated colleges and an annual graduation count of over 6,00,000 students, the integration of drone-focused courses aims to heighten awareness about the extensive career prospects within the drone industry. This initiative harmonizes perfectly with Prime Minister Narendra Modi's aspiration to establish India as the Global Drone Hub by 2030.

Additionally, the company has acquired a majority stake, i.e. 51 per cent in M/s PYI Technologies Private Limited (CIN: U72502PN2022PTC210852). The latter company shall now be treated as the subsidiary company of DroneAcharya Aerial Innovations Limited after the share acquisition.

Earlier, DroneAcharya Aerial Innovations secured major new orders totalling Rs 1.57 crore, including a landmark project with the Haryana government to deliver high-end surveying drones and further integrate drone technology in state operations, while a separate order from TCS involves co-developing and supplying 5G drone solutions for diverse sectors across India and the world, marking significant progress for both companies and India's drone and 5G advancements.

Today, shares of Droneacharya Aerial Innovations Ltd gained 1.86 per cent to Rs 192 per share from its previous closing of Rs 188.50 with an intraday high of Rs 192.90 and an intraday low of Rs 187.40. The stock is up by 74 per cent from its 52-week low of Rs 111.15 per share.

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.  

According to the half-yearly results, the net sales increased by 998.01 per cent to Rs 2,088.86 lakh, profit before tax 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 460 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.