MarketFriction

Drone Destination Ltd

NSE DRONE · Education
₹33.10 -2.22%
NSE close2026-10-01
52 week range31.70 - 101.85
Market cap₹81.3 Cr.
P/E69.4
IPO 2023 · -49% since Price band 20% Delivery 27.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales9.025.4826.3513.8311.0614.8420.22
Expenses5.033.5815.198.9816.2710.1215.24
Operating Profit3.991.9011.164.85-5.214.724.98
OPM %44.24%34.67%42.35%35.07%-47.11%31.81%24.63%
Other Income0.100.030.770.430.410.760.80
Interest0.070.140.240.371.081.321.59
Depreciation0.701.282.723.554.353.073.26
Profit before tax3.320.518.971.36-10.231.090.93
Tax %24.40%23.53%25.42%25.74%-23.46%-38.53%136.56%
Net Profit2.510.396.691.02-7.831.51-0.34
EPS in Rs5.020.162.750.42-3.210.62-0.14
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales0.392.5612.0731.8224.9035.07
Expenses0.422.177.3718.7525.2625.37
Operating Profit-0.030.394.7013.07-0.369.70
OPM %-7.69%15.23%38.94%41.07%-1.45%27.66%
Other Income0.000.010.100.790.841.56
Interest0.000.020.170.381.452.91
Depreciation0.040.111.234.007.906.34
Profit before tax-0.070.273.409.48-8.872.01
Tax %-28.57%25.93%24.41%25.32%-23.11%41.79%
Net Profit-0.050.212.567.08-6.811.17
EPS in Rs5.122.91-2.790.48
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%146%43%41%
Compounded Profit Growth%91%-22%117%
Stock Price CAGR%%-37%-50%
Return on Equity%2%1%2%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.110.115.0024.3024.4024.40
Reserves-0.090.1212.6037.3335.0936.27
Borrowings0.551.511.593.9815.9723.65
Other Liabilities0.391.044.4010.423.765.64
Total Liabilities0.962.7823.5976.0379.2289.96
Fixed Assets0.270.725.3314.5917.7815.22
CWIP0.000.000.000.760.260.00
Investments0.000.000.000.000.000.00
Other Assets0.692.0618.2660.6861.1874.74
Total Assets0.962.7823.5976.0379.2289.96
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.13-0.080.83-13.14-10.13-0.65
Cash from Investing Activity-0.26-0.56-5.84-14.82-9.83-2.01
Cash from Financing Activity0.400.9514.8939.1016.024.95
Net Cash Flow0.010.329.8811.13-3.942.29
Free Cash Flow-0.39-0.64-5.01-27.17-20.72-4.17
CFO/OP433%-21%18%-85%1,886%-7%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days56.1537.07201.70217.49262.39288.82
Inventory Days528.842,565.60907.41
Days Payable1,080.48305.93197.28
Cash Conversion Cycle56.1537.07201.70-334.162,522.06998.94
Working Capital Days149.7476.9991.63299.27368.96334.19
ROCE %25.11%33.16%23.28%-10.52%6.16%
Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Promoters61.30%61.30%61.28%61.03%61.03%61.03%
FIIs3.95%2.98%1.22%1.09%2.34%1.40%
DIIs1.55%0.00%0.00%0.05%0.00%0.00%
Public33.20%35.72%37.50%37.84%36.63%37.58%
No. of Shareholders1,6462,1763,1473,9824,2414,286

Fundamentals

Market Cap₹ 81.3 Cr.
Current Price₹ 33.3
Stock P/E69.4
Book Value₹ 24.9
ROCE6.16 %
ROE1.95 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)41%
Compounded Profit Growth (TTM)117%
Standalone figures.
Valuation
Market capRs 81 Cr
Enterprise valueRs 82 Cr
P/E (TTM)384.68x
Price to book351.23x
Price to sales31.56x
EV / EBITDA204.70x
EV / EBIT282.35x
EV / sales31.99x
Earnings yield0.26%
Profitability
Operating margin (excl. other income)15.23%
Operating margin (incl. other income)15.62%
EBITDA margin15.62%
Pre-tax margin10.55%
Net profit margin8.20%
ROE168.00%
ROCE25.11%
ROA11.23%
ROIC (approx.)16.15%
Tax rate25.93%
Other income / net worth4.35%
Growth
Sales growth (latest year)556.41%
Per share
EPS (TTM)Rs 0.09
EPS (latest year)Rs 19.09
Book value per shareRs 0.09
Sales per shareRs 1.05
Cash flow per shareRs -0.03
Free cash flow per shareRs -1.71
Efficiency
Asset turnover0.92x
Fixed asset turnover3.56x
Inventory turnover0.42x
Inventory days870 days
Debtor days37 days
Debtors turnover9.85x
Creditor days197 days
Cash conversion cycle999 days
Working capital days334 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 0 Cr
Net debtRs 1 Cr
Debt to equity6.57x
Net debt / EBITDA2.75x
Interest coverage14.50x
Owners' fund to total sources8.27%
Debt to assets54.32%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -4 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years-5.50x
Statement figures
Net sales (TTM)Rs 3 Cr
Net sales (latest year)Rs 3 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 2 Cr
Total income (latest year)Rs 3 Cr
Share capitalRs 0 Cr
ReservesRs 0 Cr
Shareholders' fundsRs 0 Cr
Total assetsRs 3 Cr
Net blockRs 1 Cr
ReceivablesRs 0 Cr
InventoryRs 0 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)2.44
Ownership
Promoter holding61.03% (-0.27 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodDRONENifty 50Difference
1 week-1.5%-2.8% +1.3 pts
1 month-3.4%-6.8% +3.4 pts
3 months-19.3%-7.6% -11.7 pts
6 months-9.6%+0.4% -10.0 pts
1 year-51.3%-9.9% -41.3 pts
2 years-86.3%-13.6% -72.7 pts
3 years-74.8%+14.2% -89.0 pts

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was -131% of net profit over the last 2 years
explainHigh accruals Profit exceeded operating cash by 10% of total assets in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹20 Cr -23.3% vs Mar 2024. Net loss ₹0 Cr.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 200perc in previous 365 DaysLess than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly tradedScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Drone Destination Ltd?

Drone Destination Ltd (DRONE) has a market capitalisation of Rs 81.3 Cr. at the 2026-10-01 close.

What is the P/E ratio of Drone Destination Ltd?

Drone Destination Ltd trades at a P/E of 69.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Drone Destination Ltd's latest quarterly results?

In the Mar 2026 quarter, Drone Destination Ltd sales was Rs 20 Cr (-23.3% vs Mar 2024) with a net loss of Rs 0 Cr.

What is the 52-week high and low of Drone Destination Ltd?

The 52-week high is Rs 101.85 and the 52-week low is Rs 31.70.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03