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Drone Destination Ltd Fundamentals

Market Cap
₹ 870.55 Cr
P/E Ratio (TTM)
123.11
P/B Ratio
14.13
Debt to Equity
0.17
ROE
EPS (TTM)
2.91
Dividend Yield
0.00 %
Book Value
25.36

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Drone Destination Ltd Financials

Drone Destination Ltd Financials

Drone Destination Ltd Shareholding Pattern

Held By Mar 2024 Sep 2023 Jun 2023 May 2023
Promoters 61.30 % 61.30 % 85.14 % 85.14 %
Retail 28.11 % 27.93 % 14.41 % 14.41 %
Others 7.61 % 6.83 % 0.45 % 0.45 %
FII 2.98 % 3.94 % 0.00 % 0.00 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %

Promoters

61.30%

Retail

28.11%

Others

7.61%

FII

2.98%

Mutual Funds

0.00%

Promoters

61.30%

Retail

27.93%

Others

6.83%

FII

3.94%

Mutual Funds

0.00%

Promoters

85.14%

Retail

14.41%

Others

0.45%

FII

0.00%

Mutual Funds

0.00%

Promoters

85.14%

Retail

14.41%

Others

0.45%

FII

0.00%

Mutual Funds

0.00%

Resistance and Support

₹357.88

PIVOT

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Resistance
First Resistance₹366.267
Second Resistance₹374.283
Third Resistance₹382.667
support-arrow
Support
First Support₹349.867
Second Support₹341.483
Third Support₹333.467

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day142,00065,00072.22
Week90,000119,400-44.92
1 Month90,00096,767-44.92
6 Months20,329,00014,350,00072.45

About Drone Destination Ltd

Drone Destination Ltd was originally incorporated as a private limited company in the name and style of 'Drone Destination Private Limited', on May 10, 2019. Subsequently, the company got converted into public limited company and name of the Company was changed to ' Drone Destination Limited' through fresh Certificate of Incorporation dated May 04, 2023 issued by RoC, Delhi. The Company is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering certified training programs. After due completion of the course, the RPTO generates a Remote Pilot Certificate (RPC) from DGCA's Digital Sky Platform for a particular Class & Category of Drone. As on May 03, 2023, the company has trained 362 drone pilots in India for which Remote Pilot Certificate has been issued by the Company. The Company currently has three training bases at Gurugram, Chandigarh and Phulpur. The Company was co-founded by Mr. Chirag Sharma in year 2019 and co-promoted along with Ms. Shashi Bala, with a mission of skilling upcoming generation about drones in civil space & to develop new economic centres and generate large scale employment opportunities in Drone as a Service (DaaS) Industry. Further, in Oct 2020, Indira Gandhi Rashtriya Uran Akademi (IGRUA) got into an agreement with Company for providing DGCA-certified Drone Training. IGRUA & Drone Destination are currently imparting training at seven of its DGCA-Authorised Drone Training Bases in Gurugram, Bangalore, Gwalior, Kangra, Coimbatore, Madurai and Bhopal. As on May 03, 2023 the company along with IGRUA has trained 932 drone pilots in India. Apart from these, the Company became the first Drone Training Partner of National Skill Development Corporation (NSDC) in Oct' 22 and offer joint certification on various drone-related application courses through NSDC's Skill India Portal. Through the association, it further offer skill loans with assistance of banking partners to make training affordable and easily accessible for aspiring drone pilots. In 2022, the Company signed an MOU with Indian Farmers Fertilizer Cooperative Limited (IFFCO) for establishing Remote Pilot Training Organisation at IFFCO's Phulpur Manufacturing Unit to propel Kisan Drone Training. The Company is proposing an Initial Public Issue of 62,70,000 Equity Shares through Fresh Issue.

Managing Director

Chirag Sharma

Founded

2019

NSE Symbol

DRONE

Drone Destination Ltd Management

NameDesignation
Chirag SharmaManaging Director
Raminder Kumar VermaDirector
Satendra SinghIndependent Director
Rajiv AhujaIndependent Director
Ayushi GuptaCompany Sec. & Compli. Officer
Shashi BalaExecutive Director

Drone Destination Ltd News

Drone Destination to announce Quarterly Result
On 24 May 2024
Drone Destination to convene EGM
On 15 May 2024
Drone Destination to hold board meeting
On 19 April 2024
Drone Destination to table results
On 10 November 2023

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Drone Destination Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Drone Destination Ltd shares in BlinkX

Drone Destination Ltd's P/E ratio is 123.11 times as of June 21, 2024 at 04:14 PM.

Drone Destination Ltd's most recent financial reports indicate a price-to-book ratio of 14.13, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Drone Destination Ltd's market is 871 Cr as on June 21, 2024 at 04:14 PM.

The current financial records of Drone Destination Ltd show a % ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Drone Destination Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Drone Destination Ltd stands at 61.30%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 3.94% to 2.98%.