For many years, the Indian drone market has remained at a nascent phase and is yet to make a breakthrough.
But the situation is changing. With the Indian government putting a lot of weight behind the drone industry, drone related stocks could be the next big thing in India.
Drone related stocks include drone manufacturing companies, companies supplying drone parts, companies using drones in their everyday use, etc.
Think drones used by enterprises for their day to day use, drones used in agriculture, drones used in construction, mining, delivery apps using drones to deliver groceries, medicines etc.
At present, there's limited option in the listed space as there are only a couple of drone related stocks in India.
The top drone related stocks in India include:
#5 L&T
#8 Infosys
#10 Zomato
There are more to this list. These companies have in some or other way exposed themselves to the evolving drone industry.
While it may seem like drones are expensive, inexpensive drones are also becoming popular these days. And for various recreational purposes.
It appears there will be a flaring competition going forward among drone related stocks as they aim to capture the market.
You can also checkout our playlist on Drone Stocks on Equitymaster's YouTube channel.
Oct 29, 2024
Becoming a part of the global supply chain is key to success for Indian drone stocks.
Sep 25, 2024
With the drone industry set to grow at a CAGR of 80%, drones are going mainstream. Here are the top five stocks poised to benefit from this trend.
Sep 19, 2024
Three logistics support sectors that could produce long term gainers.
Jul 5, 2024
Three logistics support sectors that could produce long term gainers.
May 30, 2024
The increasing prevalence and expanding applications of drones are expected to drive growth across. Here are top drone manufacturing stocks to track.
Feb 24, 2024
Deep dive into Indian drone firms excelling in design innovation, strategic partnerships, and cutting-edge applications from defence to civilian use.
Feb 7, 2024
The increasing use cases of drones and favourable government policies are helping both these companies grow at an accelerated pace.
Nov 3, 2023
Despite being devoid of revenues and profits, the company's foray into new age tech has helped keep it insulated from negative sentiment.
Jul 25, 2023
Selecting stocks in India's defence ecosystem must be with sufficient diligence.
Jul 12, 2023
Selecting stocks in Indias defence ecosystem must be with sufficient diligence.
Oct 16, 2024
Growth of India's indigenous drone ecosystem depends on such deals.
Sep 21, 2024
The Production Linked Incentive (PLI) scheme for the drone ecosystem could boost growth for companies involved in drone manufacturing and related technologies.
Jul 18, 2024
Discover the hidden megatrends driving India's logistics companies.
Jul 2, 2024
As countries prioritise modernising their defence systems and enhancing national security with military drones, here are top military drone manufacturing stocks to track.
May 3, 2024
This decision by the superstar investor could prove costly as the drone company has strong growth levers in place.
Feb 16, 2024
Maruti is aiming for the skies and plans to launch electric air copters by 2025, with its eyes set on global expansion.
Dec 20, 2023
The renowned conglomerate is looking to seize the massive opportunity in the drone market by acquiring stake in this defence company.
Aug 9, 2023
This Indian company is quietly investing in the next big startups. Here's everything you need to know.
Jul 14, 2023
Here's why shares of this multibagger drone stock hit their 52-week high.
Jun 22, 2023
There is a safer way to ride the asymmetrical payoffs of new disruptive tech businesses.
Based on marketcap, these are the top drone companies in India:
You can see the full list of drone stocks here.
And for a fundamental analysis of the above companies, check out Equitymaster’s Indian stock screener which has a separate screen for best drone companies in India.
Within the Drones sector, the top gainers were ZOMATO (up 5.5%) and DRONE DESTINATION (up 5.0%). Within the Drones sector, the top gainers were ZOMATO (up 5.5%) and DRONE DESTINATION (up 5.0%).
Investing in stocks requires careful analysis of financial data to find out a company's true worth. However, an easier way to find out about a company's performance is to look at its financial ratios.
Two commonly used financial ratios used in the valuation of stocks are -
Price to Earnings Ratio (P/E) - It compares the company's stock price with its earnings per share. The higher the P/E ratio, the more expensive the stock.
Price to Book Value Ratio (P/BV) - It compares a firm's market capitalization to its book value. A high P/BV indicates markets believe the company's assets to be undervalued and vice versa.
The details of listed drone companies can be found on the NSE and BSE website.
For a curated list you can check out our list of drone stocks.