The drone industry in India is rapidly growing, offering exciting opportunities for investors. Drones are transforming sectors like agriculture, logistics, defence, and entertainment, opening new possibilities for expansion. With rising demand for new drone applications and government support, the market is set for significant growth. In this blog, we will explore the top drone stocks in India for February 2025.
The Indian drone market is expected to reach ₹120-150 billion (USD 1.5-1.9 billion) by 2026. Drones are currently most widely used in infrastructure and agriculture, but their applications are expanding across various industries. The industry’s growth is driven by increasing uses, government support, and the rise of startups exploring new ways to use drones.
The Government of India has set an ambitious target to make India a global leader in drone technology by 2030. To support this, the government is:
| Name | Market Cap (In ₹ Crore) | 1Y Return (%) | ↓5Y CAGR (%) | Net Profit Margin (%) |
| Zen Technologies Ltd | 15,663.30 | 128.62 | 96.29 | 27.97 |
| Rattanindia Enterprises Ltd | 7,326.99 | -37.02 | 86.53 | 6.88 |
| Hindustan Aeronautics Ltd | 2,45,483.90 | 23.3 | 54.44 | 23.59 |
| DCM Shriram Ltd | 18,533.04 | 18.99 | 25.35 | 3.95 |
| Info Edge (India) Ltd | 90,687.53 | 40.89 | 21.02 | 19.5 |
Note: The best drone stocks in India for February 2025 have been sorted based on 5Y CAGR as of January 28, 2025.
Zen Technologies Limited was founded in 1996. The company focuses on creating and manufacturing combat training and counter-drone solutions for defence and security forces. It is committed to developing technologies that support the Indian armed forces, state police, and paramilitary forces.
For the quarter ending September 2024, Zen Technologies reported a revenue of ₹241.69 crore and a net profit of ₹65.24 crore. In comparison, for the quarter ending June 2024, the company had a revenue of ₹253.96 crore and a net profit of ₹74.18 crore.
Key metrics:
RattanIndia Enterprises Limited is the main company of the RattanIndia Group. It focuses on modern, technology-driven businesses such as e-commerce, electric vehicles, and drones.
In September 2024, RattanIndia Enterprises Limited reported a revenue of ₹5.59 crore and a net loss of ₹244.68 crore. In June 2024, the company had a revenue of ₹1,024.74 crore and a net profit of ₹863.09 crore.
Key metrics:
Hindustan Aeronautics is involved in making aircraft and helicopters, as well as providing repair and maintenance services for them.
For the period ending September 2024, Hindustan Aeronautics reported a revenue of ₹5,976.55 crore and a net profit of ₹1,490.36 crore. In comparison, the company posted revenue of ₹4,347.57 crore and a net profit of ₹1,435.59 crore for June 2024.
Key metrics:
DCM Shriram manufactures fertilisers, chlorovinyl products, and cement in Kota, Rajasthan, and chlor-alkali in Bharuch, Gujarat.
In December 2024, DCM Shriram reported a revenue of ₹3,424.59 crore and a net profit of ₹248.98 crore. For September 2024, the revenue was ₹3,049.51 crore with a net profit of ₹49.20 crore.
Key metrics:
Info Edge is a leading Indian online classifieds company with a range of brands. It owns popular platforms such as Naukri.com (job recruitment), 99acres.com (real estate), Jeevansathi.com (matrimonial services), and Shiksha.com (education information). The company also invests in various startups in the online sector and continues to expand its investment portfolio.
For the quarter ending September 2024, Info Edge reported a revenue of ₹656.10 crore and a net profit of ₹85.88 crore. In comparison, the revenue for June 2024 was ₹638.90 crore, with a net profit of ₹232.29 crore.
Key metrics:
| Name | ↓Market Cap (In ₹ Crore) | 1Y Return (%) | 5Y CAGR (%) | Net Profit Margin (%) |
| Larsen and Toubro Ltd | 4,75,472.04 | -6.75 | 20.72 | 5.79 |
| Hindustan Aeronautics Ltd | 2,45,483.90 | 23.3 | 54.44 | 23.59 |
| Info Edge (India) Ltd | 90,687.53 | 40.89 | 21.02 | 19.5 |
| DCM Shriram Ltd | 18,533.04 | 18.99 | 25.35 | 3.95 |
| Zen Technologies Ltd | 15,663.30 | 128.62 | 96.29 | 27.97 |
Note: The top drone stocks in India for February 2025 have been sorted based on market cap as of January 28, 2025.
| Name | Market Cap (In ₹ Crore) | 1Y Return (%) | 5Y CAGR (%) | ↓Net Profit Margin (%) |
| Zen Technologies Ltd | 15,663.30 | 128.62 | 96.29 | 27.97 |
| Hindustan Aeronautics Ltd | 2,45,483.90 | 23.3 | 54.44 | 23.59 |
| Drone Destination Ltd | 403.09 | 1.01 | – | 21.7 |
| Info Edge (India) Ltd | 90,687.53 | 40.89 | 21.02 | 19.5 |
| Droneacharya Aerial Innovations Ltd | 248.04 | -45.96 | – | 16.29 |
Note: The top drone stocks list in India for February 2025 has been sorted based on net profit margin as of January 28, 2025.
Investing in drone stocks can be a profitable opportunity, but it’s important to evaluate several factors before making a decision. Here are the key points to consider:
The drone industry in India is regulated by the Directorate General of Civil Aviation (DGCA). The regulatory framework is complex and continues to evolve, so it’s important to stay updated on any new rules. Changes in regulations could affect the growth and operations of drone companies.
Before investing, assess the demand for drones and the industry’s long-term growth potential. While the sector is expanding rapidly, it’s important to understand future trends and projections to make an informed decision.
Look at the technological advancements and innovation plans of drone companies. Companies that are developing new, cutting-edge drone technologies and software are likely to perform better in the long term. Innovation will be key to maintaining growth.
The drone industry is growing quickly, with drones becoming essential in sectors like agriculture, logistics, defence, and entertainment. This growth presents great opportunities for companies in the field to increase market share and revenues. However, there are some challenges to consider.
Regulatory challenges are a major concern, as governments, including India’s, are still creating rules to ensure drones are used safely. Stricter rules could slow the industry’s growth or increase costs for companies. Technological challenges, such as improving battery life, navigation systems, and reliability, also need to be overcome.
The drone industry is highly competitive, with both established companies and startups fighting for market share. Companies need to invest heavily in research and development to stay ahead. Additionally, public acceptance of drones, especially regarding privacy and safety concerns, could impact their widespread use.
The drone industry has strong growth potential, but it comes with risks. To make a smart investment, it’s crucial to do thorough research into regulations, technology, and competition. Because of the risks and rewards involved, diversifying your investments and staying informed about the sector’s developments will help reduce risks and improve chances for long-term gains.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 28, 2025, 1:17 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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