Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹85Cr
Rev Gr TTM
Revenue Growth TTM
-58.31%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

DRONACHRYA
VS
| Quarter | Mar 2024 | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | 28.8 | -46.9 | -64.4 |
| 15 | 10 | 24 | 26 | 5 |
Operating Profit Operating ProfitCr |
| 27.2 | 32.0 | 12.2 | -242.4 | 48.2 |
Other Income Other IncomeCr | 1 | 1 | 1 | 1 | 1 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 1 | 3 | 2 | 3 | 3 |
| 7 | 6 | 4 | -17 | 6 |
| 1 | 1 | 1 | -1 | 0 |
|
Growth YoY PAT Growth YoY% | | | -61.9 | -806.6 | 28.5 |
| 19.0 | 14.8 | 5.6 | -196.6 | 20.3 |
| 1.6 | 0.9 | 0.6 | -6.2 | 0.8 |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 89.8 | -2.1 | -50.2 |
| 14 | 25 | 50 | 31 |
Operating Profit Operating ProfitCr |
| 27.0 | 29.1 | -44.0 | -80.5 |
Other Income Other IncomeCr | 1 | 2 | 2 | 3 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 1 |
Depreciation DepreciationCr | 1 | 4 | 5 | 6 |
| 5 | 8 | -18 | -12 |
| 1 | 2 | -4 | -1 |
|
| | 77.1 | -321.6 | 3.2 |
| 18.5 | 17.3 | -39.0 | -75.8 |
| 1.8 | 2.6 | -5.6 | -5.4 |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 24 | 24 | 24 |
| 42 | 48 | 34 |
Current Liabilities Current LiabilitiesCr | 3 | 5 | 7 |
Non Current Liabilities Non Current LiabilitiesCr | 0 | 0 | 2 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 26 | 63 | 39 |
Non Current Assets Non Current AssetsCr | 44 | 14 | 29 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -25 | -5 | -7 |
Investing Cash Flow Investing Cash FlowCr | -33 | 7 | 5 |
Financing Cash Flow Financing Cash FlowCr | 48 | 0 | 2 |
|
Free Cash Flow Free Cash FlowCr | -27 | -11 | -13 |
| -729.9 | -88.6 | 53.0 |
CFO To EBITDA CFO To EBITDA% | -499.8 | -52.5 | 47.0 |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 294 | 310 | 154 |
Price To Earnings Price To Earnings | 85.7 | 50.9 | 0.0 |
Price To Sales Price To Sales | 15.8 | 8.8 | 4.5 |
Price To Book Price To Book | 4.4 | 4.3 | 2.6 |
| 58.2 | 29.8 | -10.1 |
Profitability Ratios Profitability Ratios |
| 99.9 | 93.5 | 70.1 |
| 27.0 | 29.1 | -44.0 |
| 18.5 | 17.3 | -39.0 |
| 7.0 | 11.5 | -28.6 |
| 5.2 | 8.4 | -23.2 |
| 4.9 | 7.8 | -20.0 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
DroneAcharya Aerial Innovations Ltd., headquartered in Pune, Maharashtra, is a pioneering Indian company operating at the forefront of the drone and geospatial technology ecosystem. Listed on the BSE SME platform (Code: 543713), the company has evolved from a drone pilot training organization into a full-stack drone solutions provider, integrating **manufacturing, training, services, software, data analytics, and defense-grade technology** under India’s **"Make in India"** and **Atmanirbhar Bharat** vision.
With a strategic focus on **defense, enterprise, industrial, and agricultural applications**, DroneAcharya has positioned itself as a key enabler of India’s drone revolution and a growing global player in UAV technology.
---
### **Core Business Segments & Offerings**
#### 1. **Drone Manufacturing & Product Portfolio**
- Has transitioned from training to **indigenous drone manufacturing**, establishing a local production unit in Pune.
- Flagship products include:
- **AgriVeer**: DGCA-certified multipurpose agricultural spraying drone (10L capacity, Type Certified).
- **Yodha Series**: Tactical FPV (First-Person View) drones for defense and security applications, including kamikaze/loitering munitions.
- **TURANG**: A heavy-lift RPAS with 12 kg payload capacity for surveillance, transport, and hyper-localized delivery.
- **Condor**: Heavy-payload logistics drone (180 kg) co-developed with Volatus Aerospace for Indian and global markets.
- Developing advanced systems: tethered drones, SLAM-based inspection systems, and drone-in-a-box solutions.
- Focused on **non-Chinese, 100% indigenous technology** in collaboration with RV Connex and Krattworks.
#### 2. **Defense & Security Solutions**
- A trusted partner of Indian defense forces and central armed police forces.
- Secured multiple **defense tenders** from the Indian Army (including Eastern, Southern, and Northern Commands) for FPV drones with night vision, and real-time data transmission.
- Conducts ongoing **proof-of-concepts (POCs)** with Indian defense agencies, including in high-altitude areas like Lachung and Pokhran.
- Developed **India’s first integrated FPV drone solution** for asymmetric warfare, capable of operation in GPS-denied environments (speed >150 km/h), with swappable payloads (visual, IR, thermal).
- Partnered with **Krattworks** (Estonia/Finland) to integrate **GNSS-independent, anti-jamming navigation systems**, enhancing resilience against electronic warfare.
- Offers **integrated mission packages**: drones + payloads + AI analytics + operator training.
#### 3. **Enterprise & Industrial Applications**
- Delivers **drone-as-a-service (DaaS)** across sectors:
- **Agriculture**: Crop monitoring, spraying, seed bombing.
- **Oil & Gas**: Pipeline inspection, asset monitoring (e.g., ADNOC project in Abu Dhabi).
- **Infrastructure**: Road, highway, solar, and windmill inspections.
- **Mining & Power**: 3D volumetric surveys, GIS data processing.
- **Real Estate & Smart Cities**: Aerial mapping, urban planning.
- Launched a **drone-based warehouse management solution** in collaboration with an enterprise partner.
- Signed a master contract with **American Blast Systems (ABS)** worth **USD 1.75 million (INR 14.8 crores)** for specialized drone consultancy in the U.S.
#### 4. **Drone Training & Education Ecosystem**
- India’s **highest-rated DGCA-certified Remote Pilot Training Organization (RPTO)**.
- Trained over **100 batches of DGCA-certified pilots**, reaching **700+ certified pilots** and **200+ defense personnel** by 2025.
- Expanding RPTO network to **Delhi NCR, Coimbatore, Bengaluru, Jaipur, Pune, and beyond**, with a target of 4x growth in training centers by FY25.
- Offers **NSQF-aligned courses**: drone operation, repair, aerial cinematography, Python for drones, GIS, agri-tech, and payload integration.
- Runs a **“Train the Trainer” (TTT)** program with DGCA approval to scale instructor capacity.
- Partnerships with:
- **IIT Ropar**, **Savitribai Phule Pune University**, **Rashtriya Raksha University**, and **YCMOU** for credit-based degree courses.
- **Asian Institute of Technology (Thailand)**, **King Mongkut’s Institute (KMITL)**, **Mariano Marcos State University (Philippines)** for regional drone education.
#### 5. **Data Intelligence & GIS Services**
- In-house GIS team processes **RGB, Thermal, LiDAR, and Multispectral data** for mining, agriculture, infrastructure, and energy sectors.
- Provides **AI-powered analytics** and reporting solutions.
- Secured a **UK-based contract worth INR 4.67 crore** for drone data processing.
---
### **Strategic Expansion & Global Reach**
#### **Domestic Expansion**
- Presence in **Maharashtra, Gujarat, Rajasthan, Punjab, Karnataka, Uttar Pradesh, Tamil Nadu, and Delhi NCR**.
- Implemented **franchise model** with Wollstone Capital (Switzerland) to set up **30+ RPTOs**; total target: **100 training centers** in India.
#### **International Expansion**
- Operational in **10+ countries**: USA, UK, UAE, Qatar, Thailand, Philippines, Malaysia, Netherlands, Canada, and Switzerland.
- Set up **DRONE ENTRY AERIAL SERVICES – L.L.C. (99% owned)** in **Abu Dhabi (UAE)** for aerial surveys, sales, leasing, and surveillance.
- Inaugurated **office at AIT Bangkok**, marking formal entry into Southeast Asia.
- Secured **international contracts** in Qatar (oil & gas), Thailand, Philippines, and the UK.
- Entered **U.S. market** via partnership with **ABS** and **Volatus Aerospace**, co-producing and branding drones in **Los Angeles** for North and South American markets.
- Conducting **market studies and setting up U.S. manufacturing infrastructure** to meet FAA and local certification standards.
---
### **Strategic Partnerships & Collaborations**
- **Volatus Aerospace (Canada)**: Technology and distribution partnership for logistics and delivery drones in India.
- **American Blast Systems (USA)**: Co-develop and certify **8 drone models** for law enforcement, agriculture, and surveying in the U.S.
- **Krattworks (Estonia/Finland)**: Integrate anti-jamming navigation systems for defense drones.
- **RV Connex (Global)**: MoU for **100% non-Chinese drones** and joint manufacturing in India and Thailand.
- **SISIR Radar**: Technical collaboration to integrate **SAR (Synthetic Aperture Radar)** into CubeSat and drone platforms.
- **ABS & Zuppa**: Product portfolio expansion and joint branding.
- **Gridbots Technologies**: Investment and co-manufacturing of drones and robotic systems.
- **EY & IIT Ropar**: World Bank-funded **Nepal Drone Ecosystem Project** to build drone infrastructure.
---
### **Future Roadmap & Vision (2025–2030)**
1. **Short-Term (2025–2026)**:
- Strengthen **order book** and **profitability**.
- Launch **SLAM-based inspection systems** and **tethered drone platforms**.
- Scale **exports** and deepen **defense engagement**.
2. **Medium-Term (2026–2028)**:
- Expand presence in **defense**, **enterprise**, and **global markets**.
- Launch **drone SaaS platforms** for data analytics and mission control.
3. **Long-Term (2030)**:
- Become a **global drone OEM** providing **end-to-end, mission-ready solutions**.
- Expand into **data intelligence platforms**, **uninterrupted power systems**, and **customized mission technologies**.
- Enter **15 global markets** and scale **international manufacturing and services**.
---
### **Regulatory & Risk Management**
- DGCA-certified for **pilot training, RPTOs, and Type Certifications**.
- Mitigates risks via:
- **Make-in-India sourcing** to reduce foreign dependency.
- **Diversified revenue streams** (training, product sales, services, exports).
- **Strategic global alliances** for tech access and market reach.
- Compliant with evolving drone regulations and policy reforms (e.g., **reduced GST on drones**, **Emergency Procurement Fund** for Indian Army).