Drone Destination Ltd

Drone Destination Ltd

₹ 247 -4.99%
23 Apr 4:02 p.m.
About

Incorporated in 2019, Drone Destination Limited is India's leading Drone as a Service and Training Company.[1]

Key Points

Business Profile[1] The entity is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering Certified training programs at multiple locations Pan-India. The company became the first Drone Training Partner of the National Skill Development Corporation (NSDC) in Oct 2022. They have the largest Training network in India in their segment.

  • Market Cap 599 Cr.
  • Current Price 247
  • High / Low 287 / 95.0
  • Stock P/E 246
  • Book Value 22.7
  • Dividend Yield 0.00 %
  • ROCE 33.2 %
  • ROE 27.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 10.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -23.8%
  • Company has high debtors of 202 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 2023
5.48
3.58
Operating Profit 1.90
OPM % 34.67%
0.03
Interest 0.14
Depreciation 1.28
Profit before tax 0.51
Tax % 23.53%
0.39
EPS in Rs 0.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023
0.39 2.56 12.07
0.42 2.17 7.38
Operating Profit -0.03 0.39 4.69
OPM % -7.69% 15.23% 38.86%
0.00 0.01 0.01
Interest 0.00 0.02 0.17
Depreciation 0.04 0.11 1.23
Profit before tax -0.07 0.27 3.30
Tax % 28.57% 25.93% 26.06%
-0.05 0.21 2.44
EPS in Rs
Dividend Payout % 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 371%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 1062%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 27%

Balance Sheet

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.11 0.11 5.00 24.30
Reserves -0.09 0.12 12.57 30.90
0.55 1.51 1.59 1.96
0.39 1.04 4.44 3.59
Total Liabilities 0.96 2.78 23.60 60.75
0.27 0.72 5.33 6.82
CWIP 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00
0.69 2.06 18.27 53.93
Total Assets 0.96 2.78 23.60 60.75

Cash Flows

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023
-0.13 -0.08 0.83
-0.26 -0.56 -5.84
0.40 0.95 14.89
Net Cash Flow 0.01 0.32 9.88

Ratios

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023
Debtor Days 56.15 37.07 201.70
Inventory Days
Days Payable
Cash Conversion Cycle 56.15 37.07 201.70
Working Capital Days 168.46 79.84 107.66
ROCE % 25.11% 33.21%

Shareholding Pattern

Numbers in percentages

Sep 2023Mar 2024
61.30% 61.30%
3.95% 2.98%
1.55% 0.00%
33.20% 35.72%
No. of Shareholders 1,6462,176

* 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.

Documents