Best Drone Stocks in India 2023

21 March 2023
8 min read

Stocks of businesses engaged in the production, advancement, and usage of drones, also known as uncrewed aerial vehicles, are called drones (UAVs).

Companies that manufacture drones, as well as those that offer services or technology relevant to the drone sector, may be represented by these stocks.

Drone use has grown dramatically in recent years, from commercial to recreational to military and defence. To possibly profit from this developing business, there has therefore been an increase in interest in investing in drone stocks.

In this blog, we have mentioned a list of the Best Drone Stocks in India 2023 and the prospects for drone sector stocks in this post. So, read on to know more about the same!

The Drone Industry: A Synopsis

Although India's drone business is still young and developing, it is anticipated to experience rapid growth over the next several years.

The Indian government has taken several actions to encourage this business's growth. It recognizes its potential. The government's 2018 introduction of the Digital Sky platform, which aims to control drone use nationwide, is one of its major projects.

The platform offers a framework for the certification of drone pilots as well as the registration and clearance of drones.

In India, just a few industries, including agriculture, infrastructure, and defence, now employ drones. However, drone usage may be possible in other sectors, like e-commerce, logistics, and healthcare.

Best Drone Stocks in India 2023

Now that we better understand this industry, let us review some of the top Drone Stocks in India that investors may consider.

S.No.

Top Drone Companies in India 2023 List

1.

Info Edge (India)

2.

Droneacharya Aerial Innovations

3.

Paras Defence & Space Technologies

4.

Zen Technologies

5.

RattanIndia Enterprises

6.

DCM Shriram Industries

Factors to Consider Before Investing in Drone Company Stocks in India

For investors wishing to take advantage of the development potential of this developing industry, investing in drone firms in India might be a compelling prospect.

When purchasing stocks in an Indian drone firm and trading them in the stock market, investors should keep the following points in mind-

  • Regulatory Environment

The Indian government has taken several steps to regulate the use of drones in the country.

Before investing in drone companies in India, it is essential to understand the regulatory framework and any potential changes that could impact the industry.

  • Market Potential

While the use of drones in India is still limited to specific sectors, there is significant potential for growth in other sectors, such as e-commerce, logistics, and healthcare.

Investors should consider the potential market size and growth opportunities for the companies they are considering investing in.

  • Competitive Landscape

There are several drone companies in India, both established companies and startups. Therefore, investors should consider the competitive landscape and the market share of the companies they are considering investing in.

  • Financial Performance

As with any investment, evaluating the financial performance of the companies you are considering investing in is essential. This includes factors such as revenue growth, profitability, and cash flow.

  • Management Team

A company's management team can play a critical role in its success. Therefore, investors should evaluate the management team's track record, experience, and expertise in the drone industry. 

Interesting Fact to Know

Various businesses and people in India have worked together to build drones. Dr Rustom Damania, sometimes called the "Father of Drones in India," is one of the early pioneers in creating drones in India.

Top Drone Companies in India Listed in Stock Market: An Overview

Here are some of the top drone stocks to invest in India with a brief overview of their industry performance-

1) Info Edge (India)

The leading Indian online marketplace Info Edge India owns and runs several well-known internet companies.

The business was established in 1995 and was headquartered in India's Noida. It is traded on the National Stock Exchange and the Bombay Stock Exchange.

Info Edge India has significantly invested in various internet firms, such as Zomato, PolicyBazaar, and ShopKirana, and its online classifieds businesses. As a result, the financial performance of Info Edge India is robust, with steady sales growth and profitability.

With a significant presence in the online classifieds market and intelligent investments in other internet firms, Info Edge India is an established and prosperous internet company in India.

2) Droneacharya Aerial Innovations

The Indian firm, Droneacharya Aerial Innovations, offers drone-based services and solutions for various industries. It is one of the top drone company stocks in India.

The business is headquartered in Gurugram, India, and was established in 2015.

In addition to aerial mapping and surveying, thermal imaging, infrastructure inspection, and agricultural monitoring, Droneacharya provides other drone-based services. The business services various industries, including infrastructure, real estate, construction, and agriculture.

The team of Droneacharya consists of skilled pilots, engineers, and data analysts collaborating to provide their customers with high-quality drone-based solutions.

In addition, the business collects and analyzes data using cutting-edge drone technology and software, giving clients insightful and valuable information. The Indian government has also recognized the start-up under the Startup India program.

3) Paras Defence & Space Technologies

The Indian business Paras Defence & Space Technologies offers military and space industry technology solutions.

Electronic systems, communication tools, and software solutions are just a few of the goods and services that Paras Defence & Space Technologies provides to the Defence and space sectors. Moreover, the business offers engineering and consult services for designing, developing, and testing satellites and spacecraft.

The company has a state-of-the-art production plant in Pune and has invested in advanced technology and machinery. In addition to its work in the Defence and space sectors, Paras Defence & Space Technologies has entered the drone market by creating uncrewed aerial vehicles (UAVs) for both military and commercial use.

The business has developed a variety of UAVs, including rotary and fixed-wing drones, and provides services like aerial mapping, surveying, and surveillance.

4) Zen Technologies

For the defence and security sectors, Zen Technologies Ltd, an Indian firm, offers training and simulation solutions. Hyderabad, India, serves as the company's headquarters.

Zen Technologies provides a variety of goods and services, such as virtual reality equipment, training simulators, and simulation software. The company's goods and services are utilized for training in various disciplines, including warfare, vehicle operation, and marksmanship.

Zen Technologies has a sizable clientele, which includes several Indian defence firms as well as foreign clients in nations, including the US, Indonesia, and Saudi Arabia.

The business has also worked on various projects with foreign firms and organizations. In addition to operating in the defence sector, Zen Technologies has expanded into the drone market by creating uncrewed aerial vehicles (UAVs) for various uses.

The firm offers services including aerial surveillance, mapping, and surveying and has developed a variety of UAVs, including fixed-wing and rotary-wing drones.

5) RattanIndia Enterprises

Power, infrastructure, cement, and real estate are just a few of the industries in which RattanIndia Enterprises Ltd works. Mumbai, India, is home to the company's headquarters.

RattanIndia Enterprises has a sizable presence in the power industry with a portfolio of thermal and solar power projects. The installed capacity of the company's power plants is over 2.7 GW, and there are plans to increase that capacity.

RattanIndia Enterprises has expanded outside its power business into the drone sector by purchasing the majority of Asteria Aerospace, a provider of drone services, in 2019.

Asteria Aerospace offers drone-based solutions for several industries, including agriculture, infrastructure, and defence. RattanIndia Enterprises hopes to strengthen its position in the drone market by acquiring Asteria Aerospace and using the technology for various tasks, such as monitoring and surveillance, surveying and mapping, and inspection and maintenance.

6) DCM Shriram Industries

The Indian business, DCM Shriram Industries Ltd., works in several industries, including plastics, chemicals, and sugar. The company's headquarters are in New Delhi, India, where it was established in 1947. With several sugar mills located throughout North India, DCM Shriram Industries significantly influences the business. The firm manufactures a variety of goods, including sugar, molasses, and alcohol.

In addition to numerous plastic goods, including PVC pipes and fittings, the firm also manufactures a variety of chemicals like caustic soda, chlorine, and calcium carbide.

The production of uncrewed aerial vehicles (UAVs) for agricultural uses by DCM Shriram Industries is another foray into the drone market. In precision agriculture, drones from the firm are used for spraying, mapping, and crop monitoring.

Conclusion

The Indian drone business is a quickly expanding sector with tremendous room for expansion and investment. Industries like Info Edge India, Droneacharya Aerial Innovations, Paras Defence & Space Technologies, and Zen Technologies Ltd are in an excellent position to benefit from the rising demand for drone technology across various sectors.

Investors interested in Drone Stocks in India should consider the company's financial performance, market position, and drone industry development potential.

Also, it's critical to monitor legislative changes and drone technological breakthroughs since they may influence the sector's expansion and prosperity.

Overall, the drone industry is primed for sustained growth. Moreover, investors may profit from the prospects given by this developing market thanks to India's growing acceptance of drone technology and the government's backing for the sector.

You May Also Be Interested to Know-

1.

Best Sugar Stocks In India

2.

Best Semiconductor Stocks in India

3.

Best Cement Stocks In India

4.

Best Solar Energy Stocks in India

5.

Best Ethanol Stocks in India

Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here
Research Analyst – Himanshu Sinha

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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