Defence drone stock under Rs 80 jumps after receiving an order worth Rs 99,67,429 from the Indian Army-Ministry of Defence

On Thursday, shares of DroneAcharya Aerial Innovations Limited jumped 2.07 per cent to Rs 75.98 per share from its previous closing of Rs 74.44 per share. The stock’s 52-week high is Rs 161 per share and its 52-week low is Rs 58.05 per share.

DroneAcharya Aerial Innovations Limited has secured a work order from the Indian Army – Ministry of Defence, valued at INR 99.67 lakh, for the supply of drones and the establishment of an advanced Drone Lab. This project is set to significantly enhance the Army's drone training capabilities, offering military personnel practical experience in crucial applications like reconnaissance, surveillance, and FPV (First Person View) drone operations.

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The scope of this work includes providing a diverse range of drones, such as Combat-Ready FPV Drones (both 10-inch and 7-inch models), Surveillance Drones, Training Drones, and customised Nano Drones. Additionally, DroneAcharya will be setting up a state-of-the-art Drone Lab and integrated drone systems. This initiative aims to modernise combat engineering training, improve real-time situational awareness, and boost tactical efficiency within the regiment, building on the successful completion of a previous INR 55 lakh project for upgrading another Indian Army Drone Lab.

About the Company

DroneAcharya Aerial Innovations Ltd, established in 2017 and headquartered in Pune, is a DGCA-certified drone solution provider. The company offers comprehensive services, including drone pilot training, sales, maintenance, and project work in sectors such as oil & gas and GIS data processing. Additionally, DroneAcharya provides consultancy, reality capture software, anti-drone solutions, and UTM air traffic management. Through partnerships, they deliver integrated drone solutions for bathymetry, drone shows, and environmental monitoring, serving diverse sectors including defence, agriculture, infrastructure, and emergency services. The company is dedicated to advancing UAV technology and training skilled professionals, setting new industry standards in innovation.

In FY25, the company reported net sales of Rs 47.79 crore and a net profit of Rs 5.57 crore. The company has a market cap of over Rs 180 crore and the stock is up over 30 per cent from its 52-week low of Rs 58.05 per share.

Disclaimer: The article is for informational purposes only and not investment advice.