Drone Destination Ltd
Incorporated in 2019, Drone Destination Limited is India's leading Drone as a Service and Training Company.[1]
- Market Cap ₹ 589 Cr.
- Current Price ₹ 242
- High / Low ₹ 287 / 95.0
- Stock P/E 241
- 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 10.7 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
Half Yearly Results
Figures in Rs. Crores
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 | |
|---|---|
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| 3 Years: | % |
| TTM: | 371% |
| Compounded Profit Growth | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | 1062% |
| Stock Price CAGR | |
|---|---|
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| 1 Year: | % |
| Return on Equity | |
|---|---|
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| 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% |
Documents
Announcements
Annual reports
No data available.
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.