Home Collections Top Drone Shares in India NSE 2024: Drone Manufacturing Companies for Your Portfolio

Top Drone Shares in India NSE 2024: Drone Manufacturing Companies for Your Portfolio

Top Drone Shares in India NSE 2024: Drone Manufacturing Companies for Your Portfolio
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Drones have revolutionized various industries, from agriculture and delivery services to surveillance and entertainment. As these remarkable machines continue to reshape the way we work and live, investing in drone stocks has become a topic of interest for many. 

In this blog, we’ll take a closer look at the drone industry, its potential growth prospects, key players, and the factors to consider when investing in this dynamic sector. Moreover, we will also highlight the best drone stocks in India that you can buy in 2024.

What are Drone Stocks?

Drone stocks India refer to shares of companies that are involved in the development, manufacturing, distribution, or utilization of drones. Thus, these drone related stocks in India operate within the drone industry, which encompasses various sectors such as aerospace, defence, technology, transportation, and more.

Top 10 Drone Companies in India Listed in Stock Market 

Here is the list of the best drone companies in India listed in stock market in 2024.

Company NameMarket Cap (in Cr)Share PricePE Ratio
Zen Technologies Ltd₹6,292₹711.8568.41
Droneacharya Aerial Innovations Ltd₹468₹189.35-
Drone Destination Ltd₹398₹163.95-
Info Edge (India) Ltd₹66,047₹4,946.1279.49
Paras Defence and Space Technologies Ltd₹2,895₹73280.54
Larsen & Toubro Ltd₹4,53,351 ₹3,377.95 35.84
Rattanindia Enterprises Ltd₹11,245₹83.330.42
DCM Shriram Industries Ltd₹1,841₹214.917.01
Hindustan Aeronautics Ltd₹1,97,253₹3,05732.11
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

Note: The data on the top drone companies in India in the list is from 23rd February 2024.  However, for real-time updates on drone company share prices and market trends, visit the smallcase stocks collection today!

Best Drone Stocks in NSE

Here are the best drone maker companies in India listed in our top 10 drone penny stocks in India list above:

Zen Technologies

Zen Technologies is a Indian drone company in India. Develops and manufactures simulators and training solutions for defence and security forces. Additionally, due to its training and simulation systems for drone operations, it is considered one of the top drone companies stocks.

Droneacharya Aerial Innovations

Droneacharya Aerial Innovations is an Indian drone company that specializes in providing drone-based solutions for industries such as agriculture, infrastructure, mining, and surveying. However, they offer tailored drone services and solutions to meet specific client requirements. It is one of the top drone manufacturing companies in India listed in stock market.

Drone Destination Ltd

It is a cutting-edge Indian drone company pioneers the development and deployment of innovative drone solutions. Additionally, it revolutionizes industries through aerial capabilities and is positioned as a trailblazer in the rapidly evolving drone technology landscape.

Info Edge (India) Ltd

Known as the best drone company in India that has made strategic investments in the drone industry. Therefore, the drone company share has invested in various firms like Zomato, Shopkirana, Policybazaar and others.

Paras Defence & Space Technologies Ltd

Paras Defence & Space Technologies is a drone company share listed in NSE. It focuses on the design, development, and manufacturing of drones and other aerospace systems. They provide defence and homeland security solutions utilizing drone technology.

Larsen & Toubro Ltd

Larsen & Toubro Limited, known as L&T, is a prominent Indian multinational conglomerate. It has diverse interests spanning engineering, construction, manufacturing, IT, defence, and financial services. Headquartered in Mumbai, L&T operates across various business segments, including Infrastructure, Power, Heavy Engineering, Electrical and Automation, Hydrocarbon, IT and Technology Services, Financial Services, Developmental Projects, and others.

Rattanindia Enterprises Ltd

RattanIndia Enterprises Limited, the leading entity of the Rattanindia Group’s modern growth ventures, stands as a prominent midcap publicly traded firm in India. In September 2021, the company unveiled its drone venture in collaboration with its wholly-owned subsidiary, NeoSky India Ltd. NeoSky India is poised to pioneer an innovative drone system platform, concentrating on industry-specific applications within India, as articulated in an official statement. The company introduced its inaugural anti-drone product, ‘Defender,’ in September of the preceding year, facilitated by its subsidiary Throttle Aerospace, where NeoSky acquired a controlling interest of 60%.

Hindustan Aeronautics Ltd

Due to its state-owned status and established reputation in national air security, the company stands as a pioneer in India’s drone technology advancement. It is actively engaged in developing various drones, primarily to fulfill defense needs, and is also transforming the Kiran aircraft series into unmanned aerial vehicles. HAL is anticipated to reap significant benefits from the Indian government’s initiative to foster indigenous drone technology.

DCM Shriram Industries Ltd

DCM Sriram Industries stands out as one of India’s leading companies in the drone sector, actively engaged in advancing drone technology. In August 2021, Indian firm DCM Shriram Industries revealed its acquisition of a 30% stake in a Turkish drone manufacturer. This investment, totaling $1 million, underscores India’s involvement in Zyrone Dynamics, a notable producer of unmanned aerial vehicles (UAVs).

Drone Industry in India

The drone making company in India are soaring high, fueled by remarkable growth and exciting share market trends. Let’s take a closer look at what makes this industry buzz with innovation and opportunities:

The drone industry has skyrocketed in recent years, finding its wings in various sectors. The use of drones in India range from agriculture and construction to logistics and cinematography. 

Why?Well, they offer cost-effective solutions, boost efficiency, and bring a new level of technological prowess. The market trends suggest a promising future for drones, with forecasts predicting potentital exponential growth and possible substantial market capitalisation.

How to Identify Drone Stocks in India?

Here is how you can identify the best drone stocks in India. 

  • Revenue Growth: Look for listed drone companies in India with high and consistent revenue growth, indicating strong market demand for their drone solutions.
  • Profitability: While profitability may not be immediate for young drone companies in India consider companies with improving margins or those approaching profitability.
  • Debt-to-Equity Ratio: Opt for drone companies in India with a manageable D/E ratio level (ideally below 1) to ensure financial stability.
  • Research & Development (R&D) Expenditure: Drone companies in India investing heavily in R&D are likely to be at the forefront of drone technology, potentially offering future growth.

Additional Resources:

  • Drone Federation of India (DFI): The DFI website provides information on the Indian drone industry,regulations, and member drone companies in India.
  • Start-up India: The Indian government’s Start-up India initiative provides resources and support for drone start-ups.

Features of Drone Stocks in India

The features of drone stocks in India differ somewhat from established sectors due to the industry’s early stage. Here are some key characteristics to consider:

  • High Revenue Growth: Drone companies in India, especially those with diverse applications, often exhibit impressive revenue growth rates due to the nascent market and increasing adoption across various sectors.
  • Multiple Applications: Drones are finding applications in diverse fields like agriculture, defense, logistics,healthcare, and e-commerce. This diversification offers exposure to multiple growth sectors.
  • Limited Profitability: Many drone companies in India are young and focus on innovation, leading to delayed profitability. Look for drone companies in India with improving margins or those approaching profitability with strong revenue growth.
  • Government Support: The Indian government’s Production Linked Incentive (PLI) scheme for top 10 drone companies in India listed in stock market incentivizes companies, potentially boosting their financial performance.
  • Technological Innovation: Focus on the top 10 drone companies in India listed in stock market that are actively innovating in drone technology, offering differentiated solutions.

Factors to Consider When Investing in the Top Drone Stocks in India

Some factors that you should consider when investing in top drone stocks in India are as follows:

  • Market Potential: Look at the incredible growth potential of drones across various industries like agriculture, delivery services, infrastructure, and defence. Are there enough opportunities for the company to thrive in these sectors? If yes, you can think about investing in its stocks. 
  • Competitive Landscape: Take a closer look at the competition. Who are the major players in the drone making company in India listed in stock market? What sets the company apart from others? Consider their technological advancements and any unique advantages they have.
  • Financial Performance: Check out the numbers. How is the company performing financially? Look for consistent revenue growth, profitability, and strong cash flow. A solid financial foundation is crucial.
  • Regulatory Environment: Understand the rules and regulations governing drones. How do they impact the company’s operations and expansion plans? Keep an eye on compliance costs and the company’s ability to navigate changing regulations.
  • Technological Innovation: Innovation is key in the drone industry. Research about top drone companies in India and its development efforts, patents, and intellectual property. Are they pushing the boundaries of drone technology? If yes, you might consider investing in its shares.

How to Invest in Drone Stocks India?

Investors can gain exposure to the booming drone industry through various avenues. Firstly, they can opt for individual stocks of top drone companies in India, allowing for direct ownership and potential capital appreciation. However, if you prefer diversification and risk management, drone-focused ETFs can be your answer. These track a basket of drone stocks India, offering broader exposure to the industry’s growth. Alternatively, mutual funds with technology or aerospace focus may also hold drone penny stocks in India indirectly. 

Additionally, angel investing platforms allow participation in early-stage drone startups, but this may carry high risk and requires thorough due diligence.

However, if you’re confused about which stocks to pick, you can explore smallcases:

  1. smallcases are readymade portfolios of stocks/ETFs, that are based on a theme idea or strategy
  2. They’re created and managed by SEBI-registered experts
  3. smallcase.com offers over 200+ stock portfolios, created by 180+ managers
  4. Some of the popular smallcases among new investors are as follows:

Equity & Gold smallcase by Windmill Capital

Top 100 Stocks smallcase by Windmill Capital

All Weather Investing smallcase by Windmill Capital

Disclosures for aforementioned smallcases

Why Should You Invest in Drone Stocks in India? 

Investing in drone stocks in India may offer a compelling opportunity to tap into the transformative potential of the drone industry. With applications ranging from surveillance to delivery services, the sector is poised for potential growth. The drone company stock in India offers investors to be part of the technological evolution, capitalizing on the expanding commercial and consumer demand for unmanned aerial vehicles.

Benefits and Opportunities of Investing in Drone Stocks India

Investing in the drone technology stocks in India can provide you with a lot of benefits and opportunities. Let’s talk about them in detail:

  • Industry Growth and Market Expansion: The drone industry is booming, with a wide range of sectors embracing this technology. From agriculture to delivery services, infrastructure to defence, drones are finding applications everywhere. Hence, by investing in the top drone stocks India, you can ride the wave of this expanding market. 
  • Adoption and Integration of Drones: Drones are becoming more prevalent in various industries, transforming the way businesses operate. Think about the possibilities: improved surveillance, efficient inspections, precise mapping, and even drone deliveries. As more sectors integrate drones, investing in the top drone stocks in India can be a smart move.
  • Cost Savings, Efficiency, and Productivity Gains: One of the biggest advantages of drones is the potential for cost savings and increased efficiency. Businesses can save on labour costs, reach remote locations easily, and complete tasks faster. Therefore, by investing in the top drone stocks India, you can tap into these benefits and potentially witness companies enjoying greater profitability.
  • Technological Advancements and Innovation: The drone industry is a hotbed of innovation and cutting-edge technology. Companies are continuously pushing the boundaries, introducing new features, and exploring new applications. By investing in the top drone stocks, you may get a front-row seat to the exciting world of technological advancements.

Risks of Investing in Drone Shares in India

Investing in the best drone sector stocks in India can be an exciting opportunity, but it’s important to be aware of the potential risks involved. Here are some key factors to consider:

Regulatory and Legal Challenges of Drone Stocks

The drone industry operates under evolving regulations and legal frameworks. Changes in laws governing drone operations, airspace restrictions, and privacy concerns can impact the growth and profitability of best drone stocks in India. Therefore, staying updated on the regulatory landscape is crucial for assessing potential risks.

Safety and Security Concerns of Drone Stocks

With the increased use of drones, safety and security issues come to the forefront. Accidents, collisions, and unauthorized drone use can lead to negative publicity and legal consequences for drone making companies in India. Additionally, the risk of data breaches or cyberattacks targeting drone technology adds another layer of concern. 

Competitive Landscape and Market Saturation of Drone Stocks

The drone industry is becoming more competitive, with new players entering the market and existing companies striving for market share. As competition intensifies, the top drone manufacturing company in India listed in stock market may face challenges in maintaining pricing power, profitability, and differentiation. Market saturation in certain drone applications can also limit growth prospects.

If you’re considering investing in a indian drone company, it’s important to approach it with careful consideration. Here are some handy tips to help you make informed investment decisions:

Do Your Homework

Before diving into any drone stock, take the time to research and analyze the company. Look into their financial health, competitive position, growth prospects, and management team. Understanding their revenue streams, customer base, and partnerships can give you insights into their potential for long-term success. 

Diversify Your Portfolio

Don’t put all your eggs in one drone stock basket. In short, diversification is key to managing risks. Consider investing in a range of drone stocks across different segments or regions. By spreading out your investments, you can mitigate the impact of any single stock’s performance and safeguard your portfolio.

Stay in the Loop

Keep tabs on industry news and trends. The drone industry is fast-paced and constantly evolving. Follow industry publications, attend conferences or webinars, and join online communities to stay up to date. Being in the know will help you spot emerging opportunities and potential risks.

Keep an Eye on Regulations

Regulations can significantly impact the drone industry. Stay informed about any changes in regulations, licensing requirements, and privacy laws that could affect drone operations. Thus, understanding the regulatory landscape will help you assess the risks and opportunities associated with specific drone stocks.

Think Long-Term

While short-term price fluctuations can be exciting, consider the long-term potential of drone stocks. Look for companies with solid fundamentals, strong market positions, and the ability to adapt. Taking a long-term perspective can lead to more favourable investment outcomes.

As always, investors must do their own research and/or consult their financial advisors before investing.

To Wrap It Up…

Investing in drone sector stocks can offer an opportunity to participate in this disruptive technology and ride the wave of innovation. However, it’s crucial to approach this investment with careful consideration and due diligence. Understanding the market trends, evaluating key players, and keeping an eye on regulatory developments are essential to make informed investment decisions.

FAQs

1. What are the best stocks of drone manufacturing companies in India NSE you can buy?

Here are the top drone companies stock India: 

1. Zen Technologies
2. Info Edge (India)
3. Droneacharya Aerial Innovations
4. Drone Destination Ltd
5. Paras Defence & Space Technologies

Note: This list is for educational purposes only, and is not recommendatory. 

2. How can I invest in drone sector stocks in India?

You can invest in drone sector stocks in India by following these easy steps:

1. Open a trading account
2. Do your research on drone companies.
3. Place a buy order for the selected drone companies.
4. Monitor and sell the shares when you are ready to exit.

3. Is it a good time to invest in the top drone stocks in India?

According to recent reports, the drone industry in India is projected to reach a value of $10 billion by 2026. Thus, for many investors the drone business is an exciting investment opportunity. Investors must consider their investment goals and risk appetite before investing in drone stocks India.

4. Who should invest in drone stocks in India?

Anyone who is bullish on the future of the drone industry in India and is willing to take on some risk can easily invest in drone sector stocks. However, one must consider their investment goals and risk appetite before investing.

5. What is the future of drone companies stock in India?

The future of drone companies in India looks bright as the Indian drone market is primed for sustained growth. With advancing technology and favourable regulations, investors may offer from the prospect of investing in a top drone company in India due to acceptance and government support. Investors should comprehend both the growth potential and challenges confronted by agricultural companies.