Drone Destination Ltd
Incorporated in 2019, Drone Destination
Ltd manufactures, deals and provides
training of Drones[1]
- Market Cap ₹ 108 Cr.
- Current Price ₹ 44.2
- High / Low ₹ 138 / 36.0
- Stock P/E
- Book Value ₹ 25.0
- Dividend Yield 0.00 %
- ROCE -10.5 %
- ROE -11.2 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.54% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 262 days.
- Working capital days have increased from 253 days to 369 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
Consumer Discretionary Consumer Services Other Consumer Services Education
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 0.39 | 2.56 | 12.07 | 31.82 | 24.90 | 25.90 | |
| 0.42 | 2.17 | 7.37 | 18.75 | 25.26 | 26.39 | |
| Operating Profit | -0.03 | 0.39 | 4.70 | 13.07 | -0.36 | -0.49 |
| OPM % | -7.69% | 15.23% | 38.94% | 41.07% | -1.45% | -1.89% |
| 0.00 | 0.01 | 0.10 | 0.79 | 0.84 | 1.17 | |
| Interest | 0.00 | 0.02 | 0.17 | 0.38 | 1.45 | 2.40 |
| Depreciation | 0.04 | 0.11 | 1.23 | 4.00 | 7.90 | 7.42 |
| Profit before tax | -0.07 | 0.27 | 3.40 | 9.48 | -8.87 | -9.14 |
| Tax % | -28.57% | 25.93% | 24.41% | 25.32% | -23.11% | |
| -0.05 | 0.21 | 2.56 | 7.08 | -6.81 | -6.32 | |
| EPS in Rs | 5.12 | 2.91 | -2.79 | -2.59 | ||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 113% |
| TTM: | -36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -182% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -60% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Last Year: | -11% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.11 | 0.11 | 5.00 | 24.30 | 24.40 | 24.40 |
| Reserves | -0.09 | 0.12 | 12.60 | 37.33 | 35.09 | 36.60 |
| 0.55 | 1.51 | 1.59 | 3.98 | 15.97 | 34.17 | |
| 0.39 | 1.04 | 4.40 | 10.42 | 3.76 | 3.94 | |
| Total Liabilities | 0.96 | 2.78 | 23.59 | 76.03 | 79.22 | 99.11 |
| 0.27 | 0.72 | 5.33 | 14.59 | 17.78 | 15.83 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.76 | 0.26 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 0.69 | 2.06 | 18.26 | 60.68 | 61.18 | 83.28 | |
| Total Assets | 0.96 | 2.78 | 23.59 | 76.03 | 79.22 | 99.11 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -0.13 | -0.08 | 0.83 | -14.72 | -10.13 | |
| -0.26 | -0.56 | -5.84 | -13.24 | -9.83 | |
| 0.40 | 0.95 | 14.89 | 39.10 | 16.02 | |
| Net Cash Flow | 0.01 | 0.32 | 9.88 | 11.13 | -3.94 |
| Free Cash Flow | -0.39 | -0.64 | -5.01 | -28.75 | -20.72 |
| CFO/OP | 433% | -21% | 18% | -97% | 1,886% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 56.15 | 37.07 | 201.70 | 217.49 | 262.39 |
| Inventory Days | 528.84 | 2,565.60 | |||
| Days Payable | 1,080.48 | 305.93 | |||
| Cash Conversion Cycle | 56.15 | 37.07 | 201.70 | -334.16 | 2,522.06 |
| Working Capital Days | 149.74 | 76.99 | 91.63 | 299.27 | 368.96 |
| ROCE % | 25.11% | 33.16% | 23.28% | -10.52% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| DGCA-Certified Remote Pilot Training Centres (RPTOs) Number |
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| Employee Cost as % of Total Expenses % |
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| Trade Receivables Turnover Ratio |
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| Area Mapped (PM-SVAMITVA & Urban Mapping) Hectares |
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| Namo Drone Didi Pilots Trained Number |
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| Cumulative Drone Pilots Certified Number |
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| Drone Fleet Growth Factor Multiplier |
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| Kisan Drone Demonstrations Executed (IFFCO) Number |
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| Mobile Drone Hubs on Wheels Number |
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Documents
Announcements
-
Shareholders meeting
3 April 2026 - EGM held on 2 April 2026 approved director reappointments and noted warrant conversion deadline.
-
Change in Director(s)
31 March 2026 - Reappointment of two independent directors Apr 29,2026–Apr 28,2031; EGM April 02,2026; cut-off Feb 28,2026.
-
Trading Window
28 March 2026 - Trading window closed from April 1, 2026 until 48 hours after audited results for year/half year ended March 31, 2026.
-
General Updates
23 March 2026 - 600,000 warrants lapsed; ₹2,80,50,000 forfeited; 100,000 warrants converted on Dec 31, 2024.
-
Shareholders meeting
6 March 2026 - EGM Apr 02, 2026: reappoint two independent directors; secretarial auditor; warrants expiry Mar 20, 2026 (7,00,000, ₹13.09Cr).
Annual reports
Concalls
-
Jun 2025TranscriptPPT
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Jun 2024TranscriptPPT
Business Overview:[1]
DDL is India's largest Drone Pilot Training, and leading Drone-as-a-Service (DAAS) company, along with its sister concern, Hubblefly Technologies, a DGCA-approved manufacturer, has developed an integrated drone eco-system built around drone manufacturing, certified training, and drone as a service