Best drone stocks in India under 10 rupees

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Drones, also known as Unmanned Aerial Vehicles (UAVs), are airborne vehicles that can operate autonomously or be guided remotely. In addition to their application in defense, drones find utility in diverse industries, including delivery services, agriculture, and more. In this article, we will delve into the top drone stocks in India. 

In recent years, the company has expanded its business portfolio by entering the aerospace and defense industry, and actively engaging in the manufacturing of drones making it one of the best drone based stocks in India. 

Bharat Forge

CMP = Rs.1130

Mkt cap = 52,635 cr

P/E Ratio = 61.87

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As a state-owned entity with a well-established reputation in the country’s air security, the company is at the forefront of drone technology development in India. 

Hindustan Aeronautic

CMP = Rs.3309

Mkt cap = 2,20,729 cr

P/E Ratio = 35.93

RattanIndia Enterprises is a diversified business conglomerate in India, involved in various sectors, including electric mobility and e-commerce. The company acquired full control of Revolt electric motorcycles in January 2023 and has now set its eyes on the drone industry. 

RattanIndia Enterprise

CMP = Rs.70

Mkt cap = 9,490 cr

P/E Ratio = 25.67

IdeaForge, backed by industry leaders Infosys and Qualcomm Providing an extensive array of drone solutions, including surveillance, mapping, and inspection, the company has secured a remarkable 50% market share in the Indian unmanned aircraft systems (UAS) market for the fiscal year 2022. 

Ideaforge Technology

CMP = Rs.703

Mkt cap = 2,996 cr

P/E Ratio = 93.67

Info Edge India – the company behind Naukri.com – is a surprise entry in the list of drone based stocks in India. Established in 1995, the company provides a range of internet-based services through web portals and smartphone apps, and its stock is listed and traded on both BSE and NSE. 

Info Edge India

CMP = Rs.5530

Mkt cap = 67,546 cr

P/E Ratio = 279.12

The company operates in five main business segments, which encompass Defence and Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies. 

Paras Defence and Space Technologie

CMP = Rs.653

Mkt cap = 2,506 cr

P/E Ratio = 76.29

Zen Technologies, headquartered in Hyderabad, is a company that specializes in offering combat training solutions for security and defense personnel. 

Zen Technologie

CMP = Rs.932

Mkt cap = 7500 cr

P/E Ratio = 66.29

This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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