Kolkata: Drones are unmanned aerial vehicles that have an expanding usage in the modern world from agriculture to disaster management, hobbies to photography, commercial to military. But it the military use of drones that has consistently grabbed headlines after Operation Sindoor was launched by India against Pakistan following the massacre of innocent tourists in Pahalgam. While drones have been used intensively by India and Pakistan, the industry has predictably got a filip. Last year, drones were intensively used by Russia and Ukraine in their conflict. Let’s have a look at the Indian stocks related to drones that were in the news.
ideaForge Technology
The stock stood at 535.30, down Rs 4.40 (or 0.82%) on May 21. The 52-week high for this stock is Rs 864.40 while the 52-week low is Rs 304.20.
ideaForge Technology has IT giant Infosys as a major shareholder with 3.82% stake in the company at the end of FY25. It recorded a 56% gain between May 7 and May 19. ideaForge Technology is a player the manufacture of unmanned aircraft systems and the drones are used both in civilian and military operations. ideaForge Technology had an order book of Rs 13.8 crore at the end of Q4 FY25 and about Rs 400 crore waiting at the L1 stage. The order book however dipped from Rs 176 crore at the quarter ending in December 2023. Revenue too suffered from Rs 314 crore in FY24 to Rs 161 crore in FY25. The bottomline was in the red — it had a loss of Rs 25.71 crore in Q4 of FY25 compared to a net profit of Rs 10.33 crore in Q4 FY24.
Zen Technologies
This stock stood at Rs 1,879.00, down Rs 22.00 (or 1.17%) on May 21. The 52-week high for this stock is Rs 2,627.00, while the 52-week low is Rs 893.95.
Zen Technologies gained about 86% last year. The company’s operations includes counter-drone solutions for defence forces. According to reports, Zen Technologies concluded an annual maintenance contract with the Ministry of Defence last October and the deal was of Rs 46 crore. As of Q3 of FY25, the firm had an order book values at Rs 800 crore and it zoomed to Rs 950 crore by the end of the financial year. In FY25, its revenue stood at Rs 974 crore, which is more than double compared to its position in FY24. Net profits rose from Rs 130 crore to Rs 299 crore between FY24 and FY25.
Droneacharya Aerial Innovations
The stock was trading at 84.55 on May 21, up Rs 1.65 (or 1.99%) while its 52-week high for this stock is Rs 161.90, while the 52-week low is Rs 58.05.
Droneacharya Aerial Innovations is in the field of drone operation training. The stock surged by almost 29% between May 7 and 19. But in the last year it registered a dip of 44%. The company focuses on surveys, data processing as well as pilot training. In July-September 2024 quarter its sales rose to Rs 26.90 crore from Rs 20.89 crore in the corresponding quarter a year earlier. But its profits dived from Rs 3.96 crore to Rs 1.61 crore in the same period.
Paras Defence and Space Technologies
This stock stood at Rs 1,579.90 , down Rs 16.90 (or 1.06%) on May 21. The 52-week high for this share is Rs 1,945.00 and the 52-week low is Rs 750.00.
During the period between May 7 and May 19, the stock of Paras Defence and Space Technologies got wings due to the rally. and the stock jumped in excess of 31%. Paras Aerospace which is a subsidiary of Paras Defence and Space Technologies is in the business of drone manufacturing and services. The group also tied up with Heven Drones, an Israeli firm to form a joint venture which will manufacture drones to deliver cargo. Paras Defence has also reportedly entered an MoU with Micron Vision and it wants to play ma part in the defense sector in the country. The company’s order book was at Rs 900 crore plus in Q4 of FY25. Its sales surged 43% to reach Rs 365 crore in FY25 and profits rose 103% to touch Rs 61 crore.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, any form of alternative investment instruments and crypto assets.)
While the use of drones has been expanding in India, the word has been on everyone’s lips during the four-day India Pakistan conflict Operation Sindoor. Let’s take a look at the stocks that got wings recently. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
