Drone Destination Ltd

Drone Destination Ltd

₹ 184 -3.90%
21 Nov - close price
About

Incorporated in 2019, Drone Destination
Ltd manufactures, deals and provides
training of Drones[1]

Key Points

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

  • Market Cap 446 Cr.
  • Current Price 184
  • High / Low 462 / 117
  • Stock P/E 57.9
  • Book Value 25.8
  • Dividend Yield 0.00 %
  • ROCE 23.3 %
  • ROE 17.9 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 7.13 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has high debtors of 218 days.
  • Working capital days have increased from 168 days to 317 days

* 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

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Half Yearly Results

Figures in Rs. Crores

Mar 2023 Sep 2023 Mar 2024 Sep 2024
9.02 5.48 26.35 13.83
5.03 3.58 15.19 8.98
Operating Profit 3.99 1.90 11.16 4.85
OPM % 44.24% 34.67% 42.35% 35.07%
0.10 0.03 0.77 0.43
Interest 0.07 0.14 0.24 0.37
Depreciation 0.70 1.28 2.72 3.55
Profit before tax 3.32 0.51 8.97 1.36
Tax % 24.40% 23.53% 25.42% 25.74%
2.51 0.39 6.69 1.02
EPS in Rs 5.02 0.16 2.75 0.42
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.39 2.56 12.07 31.82 40.18
0.42 2.17 7.37 18.75 24.17
Operating Profit -0.03 0.39 4.70 13.07 16.01
OPM % -7.69% 15.23% 38.94% 41.07% 39.85%
0.00 0.01 0.10 0.79 1.20
Interest 0.00 0.02 0.17 0.38 0.61
Depreciation 0.04 0.11 1.23 4.00 6.27
Profit before tax -0.07 0.27 3.40 9.48 10.33
Tax % -28.57% 25.93% 24.41% 25.32%
-0.05 0.21 2.56 7.08 7.71
EPS in Rs 5.12 2.91 3.17
Dividend Payout % 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 334%
TTM: 177%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 424%
TTM: 172%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 9%
Return on Equity
10 Years: %
5 Years: %
3 Years: 20%
Last Year: 18%

Balance Sheet

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.11 0.11 5.00 24.30 24.30
Reserves -0.09 0.12 12.60 37.33 38.27
0.55 1.51 1.59 3.98 12.87
0.39 1.04 4.40 10.42 8.64
Total Liabilities 0.96 2.78 23.59 76.03 84.08
0.27 0.72 5.33 14.59 20.50
CWIP 0.00 0.00 0.00 0.76 0.66
Investments 0.00 0.00 0.00 0.00 0.00
0.69 2.06 18.26 60.68 62.92
Total Assets 0.96 2.78 23.59 76.03 84.08

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 37.07 201.70 217.94
Inventory Days 528.84
Days Payable 1,080.48
Cash Conversion Cycle 56.15 37.07 201.70 -333.70
Working Capital Days 168.46 79.84 108.56 316.82
ROCE % 25.11% 33.16% 23.28%

Shareholding Pattern

Numbers in percentages

Sep 2023Mar 2024Sep 2024
61.30% 61.30% 61.28%
3.95% 2.98% 1.22%
1.55% 0.00% 0.00%
33.20% 35.72% 37.50%
No. of Shareholders 1,6462,1763,147

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents