Droneacharya Aerial Innovations Ltd

Droneacharya Aerial Innovations Ltd

₹ 164 -1.35%
24 Apr 11:10 a.m.
About

Incorporated in 2017, Droneacharya Aerial Innovations Ltd provides Drone operation training, supply & maintenance services, and management consultancy & training services[1]

Key Points

Business segment[1]
a) Training:
DGCA Certified Drone Pilot, Drone Building, Aerial Cinematography & Aerial Making, and Drone data processing
b) Services:
Consultancy services to Govt. & private organizations, reality capture data processing software, anti-drone solution for rogue UAV and UTM air traffic management solution
c) Surveillance:
Land surveying and underwater services
d) *Others:
Partnering up with SPH Engineering from Latvia, Droneacharya is also able to provide integrated drone solutions for Bathymetry, drone shows, Hydrography, industrial and archaeological surveys, along with Environmental Monitoring)

  • Market Cap 393 Cr.
  • Current Price 164
  • High / Low 221 / 125
  • Stock P/E 56.1
  • Book Value 29.3
  • Dividend Yield 0.00 %
  • ROCE 11.6 %
  • ROE 8.45 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 5.57 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 28.2%
  • Company has a low return on equity of 7.55% over last 3 years.
  • Company has high debtors of 222 days.
  • Working capital days have increased from -1,373 days to 399 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.

Peer comparison

Sector: Education Industry: Miscellaneous

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Half Yearly Results

Figures in Rs. Crores

Sep 2022 Mar 2023 Sep 2023
1.90 13.58 20.89
1.60 9.59 15.20
Operating Profit 0.30 3.99 5.69
OPM % 15.79% 29.38% 27.24%
0.00 0.57 1.07
Interest 0.00 0.02 0.00
Depreciation 0.12 0.73 1.42
Profit before tax 0.18 3.81 5.34
Tax % 27.78% 20.21% 25.66%
0.13 3.05 3.96
EPS in Rs 0.07 1.27 1.65
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 0.01 3.59 18.57 34.47
0.02 0.16 3.02 13.51 24.79
Operating Profit -0.02 -0.15 0.57 5.06 9.68
OPM % -1,500.00% 15.88% 27.25% 28.08%
0.00 0.00 0.00 0.57 1.64
Interest 0.00 0.00 0.00 0.08 0.02
Depreciation 0.00 0.00 0.02 0.91 2.15
Profit before tax -0.02 -0.15 0.55 4.64 9.15
Tax % 0.00% 0.00% 27.27% 26.08%
-0.02 -0.15 0.41 3.43 7.01
EPS in Rs -20.00 -89.82 35.16 1.43 2.92
Dividend Payout % 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 417%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 457%
TTM: 732%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 28%
Return on Equity
10 Years: %
5 Years: %
3 Years: 8%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.01 0.02 0.12 23.99 23.99
Reserves -0.02 1.02 14.34 42.28 46.28
Preference Capital 0.00 0.00 0.02 0.00
0.01 0.01 0.46 0.00 0.00
0.03 0.14 0.55 3.45 3.56
Total Liabilities 0.03 1.19 15.47 69.72 73.83
0.00 0.00 0.31 7.01 8.22
CWIP 0.00 0.00 0.11 0.00 0.00
Investments 0.00 0.00 0.00 25.65 0.00
0.03 1.19 15.05 37.06 65.61
Total Assets 0.03 1.19 15.47 69.72 73.83

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 -0.04 -2.00 -25.06
0.00 0.00 -0.44 -32.61
0.00 1.20 13.48 47.90
Net Cash Flow 0.00 1.17 11.04 -9.77

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 365.00 127.09 221.52
Inventory Days
Days Payable
Cash Conversion Cycle 365.00 127.09 221.52
Working Capital Days -4,745.00 226.73 399.20
ROCE % -28.57% 6.88% 11.55%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Sep 2023Mar 2024
38.23% 28.21% 28.21% 28.21%
0.00% 5.27% 1.31% 2.02%
61.77% 66.51% 70.49% 69.78%
No. of Shareholders 2031,4542,6534,817

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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