What's new in Indian Drone sector?
The rapid increase in technology is giving rise to several developments worldwide. And one such development is drone technology. Either for last-mile delivery or to gather information for disaster management, the drone industry has captured the attention of many investors. In this article, let’s look into the best drone stocks in India listed in the stock market, their usage and factors to check while investing in them.
Best Drone Stocks in India
The table below showcases the top Drone stocks in India right now based on multiple factors.
| Company Name | Market Cap (in Cr) | Current Price | PE Ratio |
|---|---|---|---|
| Hindustan Aeronautics Ltd | ₹ 2,12,055 | ₹ 3,171 | 34.5 |
| Info Edge (India) | ₹ 67,837 | ₹ 5,243 | 321 |
| Zen Technologies Ltd | ₹ 7,421 | ₹ 883 | 65.4 |
| Ideaforge Technology Ltd | ₹ 3,046 | ₹ 710 | 105 |
| Paras Defence and Space Technologies Ltd | ₹ 2,534 | ₹ 650 | 77.3 |
An Overview on Drone Sector Stocks
In the domain of Drone shares in India, numerous key players have emerged that provide diverse options for investment. Here is a list of the top Drone stocks in 2024
Hindustan Aeronautics Ltd
HAL is a defence and aerospace company established on 23rd December 1940 in Bangalore, Karnataka, in association with the then Government of Mysore. In March 1941, the Government of India became one of the shareholders in the company and subsequently took over its management in 1942.
This decades old large-cap defence company has the largest market share of 88.48% in the sector. This India-based company is involved with designing, developing, manufacturing, repairing, overhauling, upgrading and servicing various products, including aircraft, aero engines, avionics, helicopters, accessories and aerospace structures.
Info Edge (India)
Info Edge is a premier online classifieds company primarily active in recruitment, education, matrimony, real estate, and more such services. The company was founded in 1995 and has been substantially investing in drone startups.
For instance, Info Edge acquired an equity stake in Skylark Drones, a global company engaged in the development of fundamental drone frameworks.
Zen Technologies Ltd
Zen Technologies is a renowned company engaged in the design, development and manufacture of defence training systems. The company offers a range of products that includes driving simulators, live range equipment, anti-drone systems, and more.
Its Anti-Drone System primarily works on drone detection, classification, tracking on passive surveillance, etc.
Ideaforge Technology Ltd
The company manufactures Unmanned Aircraft Vehicles for Mapping, Security & Surveillance. These drones are capable of a wide range of mining area planning, and mapping applications.
Paras Defence and Space Technologies Ltd
Paras Defense and Space Technologies Limited is the most forward-thinking Tier 2 defense engineering company in India. It proudly introduces itself as providing the widest range of defense products and solutions.
Paras Defense and Space Technologies is a leading “Make In India” company with unique capabilities in defense and space optics, defense electronics and defense-heavy engineering from concept to commissioning. The only company to produce large quantities of infrared optics. Their contribution notably benefited most of the nation’s esteemed defense and space programs.
To Sum Up
As the drone sector progresses, companies equipped with robust fundamentals and competitive edges stand poised to achieve enduring growth and offer enduring value to shareholders. Drones possess the capability to revolutionize conventional industries and introduce fresh market dynamics. Enterprises adept at harnessing drone technology to innovate and revolutionize established markets stand to witness substantial expansion and drive shareholder value.
Note: The data is as of 24th March 2024. The list of best Drone stocks in India is derived from Market Cap, past perfromace, valuations and current order book. This is not a Financial Advice, please contact your financial advisor before investing or taking any trade. Team FinSort might have investments in any / all the stocks mentioned above.