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Best Drone Stocks in India 2023

Best Drone Stocks in India: When your food is stuck in traffic, you might wonder how good it would have been if your food was directly delivered through drones to your home via airways. Well, you’ll be excited to know that there are companies in India that are working on these technologies.

Whether it’s for lifting goods, defence, or food delivery, there are companies in India that are working on drone technologies. In this article, we’ll look into the list of the Best Drone Stocks in India. Keep reading to find out. 

Best Drone Stocks in India 2023

Here is a list of top drone companies in India and an overview of their growth and future plans in drone technology:

Best Drone Stocks in India #1 – Infoedge India

Top Drone Stocks in India - infoedge logo

Infoedge India is an Internet-based large-cap public company in India and the parent company of Naukri, 99Acres, Jeevansathi, Shiksha.com, and many other popular websites in India. Being a pioneer in the Internet industry, they are always investing in the future, and drone technology is one on the top. 

With the plan of entering the drone industry, Infoedge India has invested and bought stakes in Skylark Drones, a startup that works on building the core infrastructure for the global drone ecosystem.

QUICK READ – A Case Study on Info Edge (India) Ltd

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Best Drone Stocks in India #2 – Droneacharya Aerial Innovations

Top Drone Stocks in India - Droneacharya logo

Droneacharya Aerial Innovations is a recently listed small-cap drone stock providing a range of drone-related services. It was incorporated in 2017 and provides drone surveying, drone data processing, and drone training solutions. Furthermore, Droneacharya is also engaged in the manufacturing of 100% indigenous drones.

The company is based out of Pune, Maharashtra and has over 40 employees on its payroll.

It caters to clients across numerous industries including power lines & utilities, oil & gas, infrastructure, agriculture and more as part of its land surveying services. And not just this, it also provides underwater surveying solutions.

Best Drone Stocks in India #3 – Paras Defence & Space Technologies

Top Drone Stocks in India - Paras Defence and Space technologies logo

Paras Defence and Space technologies is a small-cap defence company in India that is engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company got listed on the Indian stock market in October 2021.

Paras defence is closely working on drone technology and has partnered with foreign UAV (Unmanned Aerial Vehicle) manufacturers. It has tied up with the Fixar from Latvia, Nurjana Technologies from Italy, and another company from Israel.

Paras Defence is currently working on the military UAV, industrial UAC, drone parachutes, and other aerospace technologies.

Best Drone Stocks in India #4 – Zen Technologies Limited

Top Drone Stocks in India - Zen technologies logo

Incorporated in 1993, Zen technologies is a small-cap drone-tech company in India. They are working on heavy lift logistics drones, and their anti-drone system works on drone detection, classification, and tracking on passive surveillance, camera sensors, and neutralization of the threat through jamming the Drone communication.

Their growth in drone technology can be understood by the fact that Zen Technologies have received orders from the Indian Air Force worth Rs 1.6 billion for the supply of CUAS i.e. counter unmanned aircraft systems.

Along with drones, Zen Technologies also builds training solutions that develop combat-ready soldiers.

Best Drone Stocks in India #5 – RattanIndia Enterprises

Top Drone Stocks in India - Rattan India logo

RattanIndia Enterprises Limited is the flagship company of Rattanindia Group for its new-age growth businesses and midcap publicly listed company in India.

In Sept 2021, RattanIndia Enterprises announced the launch of its drone business with its wholly-owned subsidiary NeoSky India Ltd. 

NeoSky India will develop a cutting-edge drone system platform, focusing on industry applications in India, the company said in a statement.

The company launched its first anti-drone ‘Defender’ in September last year through its step-down subsidiary Throttle Aerospace in which NeoSky had bought a majority 60% holding.

In addition, the company recently also made a strategic investment in US-based urban drone logistics, Matternet, which is working extensively on the drone logistics platform. It has, however, not disclosed the investment amount.


Best Drone Stocks in India #6 – DCM Sriram Industries

DCM Shriram Logo

DCM Sriram Industries is another top drone company in India that is working on drone technology. In August 2021, the company Indian DCM Shriram Industries announced buying a 30% stake in a Turkish drone maker, where this unmanned aerial vehicle (UAV) producer, Zyrone Dynamics, has received a foreign investment from India worth $1 million.

In a statement, the company mentioned that “Both sides’ expectation is the creation of products for civilian use, especially for cargo transportation… Now Zyrone will sell its products to India and its neighbours in the Asian market, after which it also hopes to export drones to Europe and Australia.” 

This DCM Sriram Industries partnership with Zyrone Dynamics is more than just an investment; it is about creating a global UAV company for various applications in civilian and military fields. 

Top Drone Stocks Financial Analysis

More Information on the Above mentioned Drone Companies in India (MAY 2022)

Comapany Market Cap (in ₹ Cr) P/E Ratio Debt to Equity Ratio RoE CMP (₹)
Infoedge India 48,258 60.66 0 114.58% 3,858
RattanIndia Enterprises 5,368 12.77 0.17 141.37% 39.4
Paras Defence and Space technologies 1,905 53.520 0.09 10.81% 526.3
Zen Technologies 2,474 95.64 0.05 1.08% 307.65
DCM Sriram Industries 570 12.74 0.82 10.21% 68
Droneacharya Aerial Innovations 325 801.69 0.00 5.28% 137.1

Closing Thoughts

In this post, we looked at the Best Drone Stocks in India. If you are looking to invest in Drone Companies in India, you should keep a close watch on all these companies.

Although today, we only mentioned the top six public drone companies in India that are working on drone technology, there are also many other private companies and startups in India that are also zealously working on this technology.

Let’s hope that they take a big leap in this technology and we see flying drones all around, lifting weights, and delivering food in the near future. Have a great day and Happy Investing!

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