Top Drone Stocks in India | Best Stocks in Indian Drone Sector
Indian Drone Sector:
🚁 Idea Forge:
- India's largest drone company with 50% market share.
- Vertically integrated solutions, IPO in June 2023, faced a subsequent correction.
🛡️ Parris Defense:
- Leading private sector defense company in India.
- Entered drone and anti-drone segment, IPO in September 2021, fluctuating share prices.
🔧 Zen Technologies:
- Designs combat training and counter-drone solutions.
- Over 95% market share in tank simulators, steady financial growth, ACE investor Mul Agal's recent stake.
🎓 Rachar Aero Renovation:
- Micro-cap company offering drone-related courses.
- IPO in December 2022, financials show promise, debt-free.
🚚 Drone Destination:
- Micro-cap company specializing in drone training.
- IPO in June 2023, early growth, debt-free.
📈 Summary of Listed Drone Companies:
- Market caps are relatively small, with some being micro-cap.
- P/E ratios are high due to the nascent stage of the drone industry.
- Sales growth, operating margins, and financial data vary among companies.