Drone Destination Ltd
Incorporated in 2019, Drone Destination
Ltd manufactures, deals and provides
training of Drones[1]
- Market Cap ₹ 863 Cr.
- Current Price ₹ 355
- High / Low ₹ 462 / 95.0
- Stock P/E 122
- Book Value ₹ 25.4
- Dividend Yield 0.00 %
- ROCE 51.5 %
- ROE 40.3 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.6%
- Debtor days have improved from 105 to 76.5 days.
- Company's working capital requirements have reduced from 76.1 days to 40.8 days
Cons
- Stock is trading at 14.0 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Education Industry: Miscellaneous
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 0.39 | 2.56 | 12.07 | 31.82 | |
| 0.42 | 2.17 | 7.38 | 18.76 | |
| Operating Profit | -0.03 | 0.39 | 4.69 | 13.06 |
| OPM % | -7.69% | 15.23% | 38.86% | 41.04% |
| 0.00 | 0.01 | 0.01 | 0.80 | |
| Interest | 0.00 | 0.02 | 0.17 | 0.38 |
| Depreciation | 0.04 | 0.11 | 1.23 | 4.00 |
| Profit before tax | -0.07 | 0.27 | 3.30 | 9.48 |
| Tax % | -28.57% | 25.93% | 26.06% | 25.32% |
| -0.05 | 0.21 | 2.44 | 7.08 | |
| EPS in Rs | 4.88 | 2.91 | ||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 334% |
| TTM: | 164% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 424% |
| TTM: | 190% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 248% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| Last Year: | 40% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Equity Capital | 0.11 | 0.11 | 5.00 | 24.30 |
| Reserves | -0.09 | 0.12 | 12.57 | 37.33 |
| 0.55 | 1.51 | 1.59 | 3.98 | |
| 0.39 | 1.04 | 4.44 | 10.42 | |
| Total Liabilities | 0.96 | 2.78 | 23.60 | 76.03 |
| 0.27 | 0.72 | 5.33 | 14.85 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.50 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| 0.69 | 2.06 | 18.27 | 60.68 | |
| Total Assets | 0.96 | 2.78 | 23.60 | 76.03 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| -0.13 | -0.08 | 0.83 | -14.72 | |
| -0.26 | -0.56 | -5.84 | -13.24 | |
| 0.40 | 0.95 | 14.89 | 39.10 | |
| Net Cash Flow | 0.01 | 0.32 | 9.88 | 11.13 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 56.15 | 37.07 | 201.70 | |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 56.15 | 37.07 | 201.70 | |
| Working Capital Days | 168.46 | 79.84 | 107.66 | |
| ROCE % | 25.11% | 33.21% |
Business Overview:[1]
DDL is India's largest Drone Pilot Training, and leading Drone-as-a-Service (DAAS) company, along with its sister concern, Hubblefly Technologies, a DGCA-approved manufacturer, has developed an integrated drone eco-system built around drone manufacturing, certified training, and drone as a service