Drone Destination Ltd
Incorporated in 2019, Drone Destination
Ltd manufactures, deals and provides
training of Drones[1]
- Market Cap ₹ 186 Cr.
- Current Price ₹ 76.3
- High / Low ₹ 220 / 64.6
- 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: | -63% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 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 |
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% |
Documents
Announcements
-
General Updates
18 November 2025 - Received Rs.72.52 lakh IFFCO work order on Nov 18, 2025 for certified drone pilot training of 140 candidates.
-
Copy of Newspaper Publication
16 November 2025 - Published copy of ads for standalone unaudited results for half-year ended 30 Sep 2025, adopted Nov 14, 2025.
-
Outcome of Board Meeting
14 November 2025 - Approved unaudited standalone H1 results: profit INR 15,104.89 thousand for half-year ended Sep 30, 2025.
-
Statement of deviation(s) or variation(s) under Reg. 32
14 November 2025 - Reg 32 statement: IPO proceeds Rs44.20Cr (raised 21-Jul-2023), Rs1.31Cr unutilised; warrants Rs4.675Cr, no deviation.
-
Utilisation of Funds
14 November 2025 - Drone Destination Limited has informed about Utilisation of Funds
Annual reports
Concalls
-
Jun 2025TranscriptPPT
-
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