BSE: 0 | NSE: DRONE | Professional Services | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Drone Destination Ltd is a below average quality company.
The key valuation ratios of Drone Destination Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Drone Destination Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | -10.5% | 25.4% | 34.1% | 23.3% | - |
| Value Creation Index ⓘ | -1.8 | 0.8 | 1.4 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 0.4 | 2.6 | 12.1 | 31.8 | 32 |
| Sales YoY Gr. | - | 556.4% | 371.5% | 163.6% | - |
| Adj EPS ⓘ | -1.2 | 5.4 | 1.4 | 2.9 | 2.9 |
| YoY Gr. | - | NA | -73.4% | 104.2% | - |
| BVPS (₹) ⓘ | 0.6 | 6 | 10.1 | 25.4 | 25.4 |
| Adj Net Profit ⓘ | -0.1 | 0.2 | 2.5 | 7.1 | 7 |
| Cash Flow from Ops. ⓘ | -0.1 | -0.1 | 0.8 | -14.7 | - |
| Debt/CF from Ops. ⓘ | -4.2 | -20 | 1.9 | -0.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 333.7% | 163.6% | ||||
| Adj EPS ⓘ | NA | NA | NA | 104.2% | ||||
| BVPSⓘ | NA | NA | 242.7% | 152.1% | ||||
| Share Price | - | - | - | 9.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | -188.5 | 161.9 | 28 | 17.9 | 11.5 |
| Op. Profit Mgn % ⓘ | -6.5 | 15.3 | 38.9 | 41.1 | NAN |
| Net Profit Mgn % ⓘ | -11.6 | 8.1 | 20.7 | 22.3 | 22.2 |
| Debt to Equity ⓘ | 22.6 | 6.5 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 156 | 145 | 269 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -26 | 49 | 87 | 0 |
Sales growth is growing at healthy rate in last 3 years 333.72%
Return on Equity has declined versus last 3 years average to 11.50%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.9 | - |
| TTM Sales (₹ Cr.) | 31.8 | - |
| BVPS (₹.) ⓘ | 25.4 | - |
| Reserves (₹ Cr.) ⓘ | 37 | - |
| P/BV ⓘ | 7.24 | - |
| PE ⓘ | 63.02 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 446 |
| Equity (₹ Cr.) | 24.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 36.6 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 0 | 3 | 12 | 32 |
| Operating Expenses ⓘ | 0 | 2 | 7 | 19 |
| Manufacturing Costs | 0 | 1 | 1 | 1 |
| Material Costs | 0 | 0 | 0 | 2 |
| Employee Cost | 0 | 0 | 2 | 6 |
| Other Costs ⓘ | 0 | 1 | 3 | 10 |
| Operating Profit ⓘ | 0 | 0 | 5 | 13 |
| Operating Profit Margin (%) | -6.5% | 15.3% | 38.9% | 41.1% |
| Other Income ⓘ | 0 | 0 | 0 | 1 |
| Interest ⓘ | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 1 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 3 | 9 |
| Tax ⓘ | 0 | 0 | 1 | 2 |
| Profit After Tax | 0 | 0 | 3 | 7 |
| PAT Margin (%) | -11.6% | 8.1% | 21.2% | 22.3% |
| Adjusted EPS (₹) | -1.2 | 5.4 | 1.5 | 2.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 0 | 18 | 62 | ||||||
| Share Capital ⓘ | 0 | 0 | 5 | 24 | ||||||
| Reserves ⓘ | 0 | 0 | 13 | 37 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 1 | 2 | 2 | 4 | ||||||
| Long Term Debt | 1 | 1 | 1 | 2 | ||||||
| Short Term Debt | 0 | 0 | 1 | 2 | ||||||
| Trade Payables | 0 | 1 | 1 | 5 | ||||||
| Others Liabilities ⓘ | 0 | 0 | 3 | 5 | ||||||
| Total Liabilities ⓘ | 1 | 3 | 24 | 76 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 1 | 7 | 20 | ||||||
| Accumulated Depreciation | 0 | 0 | 1 | 5 | ||||||
| Net Fixed Assetsⓘ | 0 | 1 | 5 | 15 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 1 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 0 | 0 | 0 | 3 | ||||||
| Trade Receivables | 0 | 0 | 7 | 19 | ||||||
Cash Equivalents  ⓘ
| 0 | 0 | 10 | 21 | ||||||
| Others Assetsⓘ | 0 | 1 | 1 | 17 | ||||||
| Total Assets ⓘ | 1 | 3 | 24 | 76 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | 1 | -15 |
| PBT ⓘ | 0 | 0 | 3 | 9 |
| Adjustment ⓘ | 0 | 0 | 1 | 3 |
| Changes in Working Capital ⓘ | -0 | -0 | -4 | -26 |
| Tax Paid ⓘ | 0 | 0 | 0 | -2 |
| Cash Flow From Investing Activity ⓘ | 0 | -1 | -6 | -13 |
| Capex | 0 | -1 | -6 | -14 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | 0 | 1 | 15 | 39 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 15 | 37 |
| Net Proceeds from Borrowing ⓘ | 1 | 1 | 0 | 1 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 1 | 1 |
| Net Cash Flow ⓘ | 0 | 0 | 10 | 11 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | 28.74 | 17.88 | ||||||
| ROCE (%) | N/A | N/A | 34.05 | 23.26 | ||||||
| Asset Turnover Ratio | 0.42 | 1.39 | 0.92 | 0.64 | ||||||
| PAT to CFO Conversion(x) | N/A | N/A | 0.33 | -2.14 | Working Capital Days | |||||
| Receivable Days | 52 | 22 | 105 | 147 | ||||||
| Inventory Days | 214 | 38 | 9 | 16 | ||||||
| Payable Days | 0 | 0 | 0 | 695 | ||||||
Drone Destination was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of ‘Drone Destination Private Limited’ on May 10, 2019. Subsequently, the company was converted into public limited company pursuant to a shareholders’ resolution passed at an Extra-Ordinary General Meeting held on April 29, 2023, and name of the company was changed to ‘Drone Destination Limited’ and a fresh Certificate of Incorporation dated May 04, 2023 was issued by Registrar of Companies, Delhi.
Drone Destination, together with its sister company, Hubblefly Technologies, a DGCA-approved manufacturer, is a DGCA-authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and rent a drone.
The company is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering Certified training programs at multiple locations pan-India. 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. The RPC is valid for a maximum period of 10 years under the Drone Rules, 2021. Further, in Oct 2020, Indira Gandhi Rashtriya Uran Akademi (IGRUA) entered into an agreement with Drone Destination for providing DGCA-certified Drone Training. IGRUA & Drone Destination are imparting training at seven of its DGCA-Authorised Drone Training Bases in Gurugram, Bangalore, Gwalior, Kangra, Coimbatore, Madurai and Bhopal. The company is headquartered at New Delhi and is backed by a well-experienced team of Aviation & Drone Experts with an experience of many years. Drone Destination’s flagship manufacturing and training headquarters at sprawling complex in Manesar, Gurugram.
Business area of the company
The company is engaged in the business of trading, operations, manufacturing, repair, renting services and training on various type of Drones including Multirotor, Fixed Wing, Hybrid UAV, e-VTOL, UAS, SUAV, RPV, RPAS, UWV, UGV etc.
Services of the company
History and milestone
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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