Droneacharya Aerial Innovations Ltd
Incorporated in 2017, Droneacharya Aerial Innovations Ltd offers Defence and Industrial Drone Tech Solutions.[1]
- Market Cap ₹ 92.4 Cr.
- Current Price ₹ 38.5
- High / Low ₹ 84.9 / 29.0
- Stock P/E 243
- Book Value ₹ 24.4
- Dividend Yield 0.00 %
- ROCE 1.03 %
- ROE 0.65 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Promoter holding is low: 28.2%
- Company has a low return on equity of -3.70% over last 3 years.
- Earnings include an other income of Rs.3.60 Cr.
- Company has high debtors of 728 days.
- Working capital days have increased from 572 days to 851 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 0.00 | 0.01 | 3.59 | 18.57 | 35.19 | 34.52 | 14.67 | |
| 0.02 | 0.16 | 3.02 | 13.56 | 24.81 | 49.71 | 11.17 | |
| Operating Profit | -0.02 | -0.15 | 0.57 | 5.01 | 10.38 | -15.19 | 3.50 |
| OPM % | -1,500.00% | 15.88% | 26.98% | 29.50% | -44.00% | 23.86% | |
| 0.00 | 0.00 | 0.00 | 0.57 | 2.01 | 2.18 | 3.60 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.38 | 0.09 |
| Depreciation | 0.00 | 0.00 | 0.02 | 0.91 | 3.92 | 4.55 | 6.48 |
| Profit before tax | -0.02 | -0.15 | 0.55 | 4.64 | 8.44 | -17.94 | 0.53 |
| Tax % | 0.00% | 0.00% | 27.27% | 26.08% | 26.78% | -24.92% | 28.30% |
| -0.02 | -0.15 | 0.41 | 3.43 | 6.18 | -13.47 | 0.38 | |
| EPS in Rs | -20.00 | -89.82 | 35.16 | 1.43 | 2.58 | -5.62 | 0.16 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 330% |
| 3 Years: | -8% |
| TTM: | -58% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | -52% |
| TTM: | 103% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -37% |
| 1 Year: | -53% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | -4% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.02 | 0.12 | 23.99 | 23.99 | 23.99 | 23.99 |
| Reserves | -0.02 | 1.02 | 14.34 | 42.28 | 48.51 | 34.11 | 34.53 |
| 0.01 | 0.01 | 0.48 | 0.00 | 0.00 | 3.20 | 0.85 | |
| 0.03 | 0.14 | 0.53 | 3.45 | 5.37 | 6.06 | 3.66 | |
| Total Liabilities | 0.03 | 1.19 | 15.47 | 69.72 | 77.87 | 67.36 | 63.03 |
| 0.00 | 0.00 | 0.31 | 7.01 | 8.93 | 14.99 | 11.53 | |
| CWIP | 0.00 | 0.00 | 0.11 | 0.00 | 0.68 | 1.34 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 25.65 | 1.18 | 4.75 | 0.73 |
| 0.03 | 1.19 | 15.05 | 37.06 | 67.08 | 46.28 | 50.77 | |
| Total Assets | 0.03 | 1.19 | 15.47 | 69.72 | 77.87 | 67.36 | 63.03 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 0.00 | -0.04 | -2.00 | -25.06 | -5.29 | -7.14 | 0.10 | |
| 0.00 | 0.00 | -0.44 | -32.61 | 6.59 | 4.51 | -0.45 | |
| 0.00 | 1.20 | 13.48 | 47.90 | -0.01 | 1.88 | -2.56 | |
| Net Cash Flow | 0.00 | 1.17 | 11.04 | -9.77 | 1.29 | -0.75 | -2.92 |
| Free Cash Flow | 0.00 | -0.04 | -2.44 | -32.56 | -11.82 | -18.42 | -1.57 |
| CFO/OP | 0% | 27% | -325% | -479% | -36% | 45% | 8% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 365.00 | 127.09 | 221.52 | 301.52 | 268.57 | 727.76 | |
| Inventory Days | 1.62 | 0.00 | 488.63 | ||||
| Days Payable | 8.11 | 147.18 | |||||
| Cash Conversion Cycle | 365.00 | 127.09 | 221.52 | 295.03 | 268.57 | 1,069.21 | |
| Working Capital Days | -4,745.00 | 226.73 | 399.20 | 565.18 | 301.14 | 851.17 | |
| ROCE % | -28.57% | 6.88% | 11.43% | 11.79% | -26.29% | 1.03% |
Insights
In beta| Mar 2023 | Mar 2024 | |
|---|---|---|
| DGCA Certified Pilots Trained count |
|
|
| Drone Sales as Share of Total Revenue % |
||
| Non-DGCA Students Trained count |
||
| Number of Countries with Operations or Projects (incl. India) count |
||
| Number of RPTOs (Training Centres) count |
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| Market Share in DGCA Certified Drone Pilots % |
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| Ministry of Defence Projects Completed count |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1 Jul - Regional Director issued interim order on AGM delay; compounding fee of Rs. 2,59,000 imposed.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 May - Audited FY26 revenue rose to ₹1,466.97 lakh; PAT ₹37.20 lakh, with defense and training growth.
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Board Meeting Outcome for Outcome Of Board Meeting_29.05.2026
29 May - Board approved audited standalone and consolidated FY26 results on May 29, 2026; auditor gave unmodified opinion.
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Statement Of Deviation And Variation
29 May - Board approved audited standalone and consolidated results for half year and year ended March 31, 2026.
Business Overview:[1][2]
**DAIL ** is India’s first listed Drone, Space, and Defence Tech company, providing comprehensive end-to-end aerial and geospatial data solutions for the UAV industry. It also operates as a DGCA-certified Remote Pilot Training Organization (RPTO), establishing a strong foundation in drone education and training.
The company's core operations include the end-to-end manufacturing, leasing, and servicing of drones, advanced hardware, software, silicon chips, and communication systems. Beyond physical product sales, DAIL offers specialized programming, advisory, and consulting services to position itself as a complete technology solutions provider.