Helping You Build Wealth With Honest Research
Since 1996. Try Now


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Investment in securities market are subject to market risks. Read all the related documents carefully before investing

2 Stocks to BUY
As Nifty50 Heads Towards 40,000

Get Full Details

**Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
**By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.


Drone Related Stocks in India

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:

#1 Info Edge (India)

#2 DCM Shriram Industries

#3 Zen Technologies

#4 RattanIndia Enterprises

#5 L&T

#6 Hindustan Aeronautics

#7 Paras Defence & Space

#8 Infosys

#9 Reliance Industries

#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.


Why You Should Be Paying Attention to this Fertilizer Company's Startup Portfolio

Aug 9, 2023

This Indian company is quietly investing in the next big startups. Here's everything you need to know.

Drone Stock Soars 45% in 3 Days. What Investors Need to Know

Jul 14, 2023

Here's why shares of this multibagger drone stock hit their 52-week high.

What the ideaForge IPO Means for Infosys

Jun 22, 2023

There is a safer way to ride the asymmetrical payoffs of new disruptive tech businesses.

The Drone Stocks to Keep on Your Radar

Apr 24, 2023

As India aspires to be a global drone hub by 2030, here are some stocks to keep on your watchlist.

Top Indian Drone Companies to Watch Out for in 2023

Feb 16, 2023

The drone industry is expected to significantly boost India's manufacturing potential to about Rs 1.9 tn by 2030.

4 Drone Stocks to Watch Out for Potential Multibagger Returns

Oct 31, 2022

The world's biggest tech companies are racing to develop and improve their drone products. Check out which Indian companies are leading the race.

Your Next Multibagger Stock Could be in the Defence Sector

Sep 16, 2022

Large unlisted companies and niche hi-tech startups are paving their way to becoming global defence suppliers.

The Future for Indian Drone Stocks Keeps Getting Better as Centre Mulls PLI Hike

Sep 11, 2022

After seeing the rapid growth of the Indian drone industry, the government is planning an additional outlay for the drone PLI scheme.

War or Not, Defence Stocks are Set to Boom

Aug 5, 2022

Large unlisted companies and niche hi-tech startups are paving their way to becoming global defence suppliers.

The Next Leg of Growth for Indian Bluechips

Jul 15, 2022

The size of the balance sheets no longer determines if elephant-like bluechips can dance.

The Best Way to Buy Indian Defence Stocks

Jul 25, 2023

Selecting stocks in India's defence ecosystem must be with sufficient diligence.

Bubble in Defence and Drone Stocks?

Jul 12, 2023

Selecting stocks in Indias defence ecosystem must be with sufficient diligence.

How You Can Unlock the Profit Potential in Indian Drone Stocks

Jun 2, 2023

India aspires to be a global drone hub by 2030. Here's how you can participate in the drone revolution.

4 Indian Companies in the Exploding Drone Market

Apr 24, 2023

The futuristic drone industry in India holds immense promise now that the government has come out with new rules.

Droneacharya Aerial Innovations IPO: 5 Things to Know

Dec 7, 2022

Drones have remained the talk of the town. Seeing this as an opportunity, this drone company is coming out with its IPO next week.

Important Update: How the Top Indian Megatrends are Shaping Up

Sep 27, 2022

As these megatrends become mainstream over time, investors finding the right opportunity will create massive wealth for themselves.

Here's Why India's Next Wealth Creators Could be Defence Stocks

Sep 14, 2022

Defence stocks are being hailed as the multibagger stocks of the future. We believe the reasons are compelling.

Looking for 100 Baggers? Consider these Stocks

Aug 17, 2022

This huge wealth creation opportunity is sitting in plain sight.

These Hidden Defence Stocks Show 187x Upside

Aug 3, 2022

India's drone sector could achieve a turnover of Rs 150 bn by 2030, from about Rs 0.8 bn now.

Drones Start to Deliver on the Huge Opportunity. Here's the Latest on Drones...

Jun 11, 2022

Drones have a bright future as they creep their way into more industries and companies discover more value-added use cases.


Which are the top drone companies in India?

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.

What are the top gainers and top losers within the drone sector today?

Within the Drones sector, the top gainers were BHARAT ELECTRONICS (up 2.2%) and HINDUSTAN AERO. (up 2.1%). Within the Drones sector, the top gainers were BHARAT ELECTRONICS (up 2.2%) and HINDUSTAN AERO. (up 2.1%).

How should you value drone companies?

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.

Where can I find a list of drone stocks?

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.