The drone is a common term used for Unmanned Aerial vehicles or UAVs. Drone technology will gain popularity in the coming days and it will continue with the human revolution

1. 5 Top Drone
Companies in India

2. The drone is a common term used for Unmanned Aerial vehicles or
UAVs. Drone technology will gain popularity in the coming days and
it will continue with the human revolution. Today, we will discuss
what is a Drone, what are the top drone companies in India and how
they could impact our better future, and finally as an investor how
you could be beneficial investing in the best drone stocks in India.
The first thing we must know is that the sector is still in a developing
state, so the growth potential of drone companies stocks in
India is very high. Currently in India Drone manufacturing
companies have a turnover of approximately Rs. 90 crores and
according to analysts, the figure will grow to Rs. 15,000 crores by
2026. This could not happen without government liberalization. The
government is taking several measures to boost the sector which we
can see in the later phase of our discussion.
Some crucial uses of Drones are:

3. Strengthen Military Arms: Drones are incorporated by the US
military long back in 1940. Today’s advanced drones are used in
surveillance, air combat, a search of militants, rescue purposes, and
air strikes. The Indian army also incorporated Sky Striker drones in
different missions.
Delivery assistant: To deliver food items to the Indian doorsteps,
Drone technology will play a pivotal role in the future. Food delivery
giant Zomato already back in 2020, started drone-technology-based
food delivery. Swiggy tied up with Drone manager ANRA
technologies and Amazon with Prime Air all set to launch delivery of
commodities with the help of drones. Drones can reduce delivery
charges by 90%.
Agriculture sector: India is an agriculture-based country. Drones
are useful for crop monitoring, seeding, soil analyzing, spreading
pesticides, and watering the field. Drones will drastically minimize
the hassle of farming in the future.
Besides, drones will be a life-changer in the field of outer space land
survey, emergency rescue, healthcare, advanced photography and
videography, and so on.

4. List of 5 top drone companies in India.
Zen Technologies Limited
Incorporated in 1996, Zen Technologies engages in designing,
developing, and manufacturing combating training solutions for
the training purpose of Defence and security forces in India. This
is why it ranks on top among the top drone companies in India
The Hyderabad-headquartered company engages in
manufacturing simulators, live range equipment, and anti-drone
systems for police, Armed forces, and Paramilitary forces.
Besides, Zen Technologies offers Heavy Lift Logistics Drones
capable of carrying heavy logistics.
The Company provides a combat shield from the dark uses of
drones by jamming and neutralizing the activity of drones,
catching the drones, killing the drones on-air, and protecting
critical infrastructures, borders, and airports.
The stock outperformed and doubled itself within 1 year, making
it a subject of discussion among investors.

5. RattanIndia Enterprises Limited
Another company on the list of top drone companies in India is Rattan
Enterprises a 2010-born electric power distribution company that forays
into Drone making industry by setting up a wholly-owned subsidiary
NeoSky to take care of its drone business.
The company has made a strategic investment in the US-based firm
Urban Drone Logistics by NeoSky. Very recently through NeoSky India
Limited, Rattan has acquired a 60% of stake in Bengaluru-based drone
maker Throttle Aerospace Systems Private Limited (TAS).
These strategic investments simply show the restlessness of the company
to evolve in the Drone Industry. The company is eyeing a full 360-degree
drone solution covering the hardware, software, and service solutions.
The company manages a multi-bagger return of over 1400% return in 5
years. Still, there are plenty of opportunities to invest in the stock.

6. DCM Shriram Limited
DCM Shriram is the 3rd company on the list of top drone companies in
India that primarily belongs to the Indian Chemical sector and is engaged
in the manufacturing of fertilizers, Chloro Vinyl, PVC Compounding, and
Sugar, Bio seeds & Cement.
The company entered the Drone business by investing $1 million in
Turkish Drone maker Zyrone Dynamics, holding a 30% share of the
company. The company claims this is more than an investment and
eyeing to create a global UAV company for multifold applications; in the
betterment of civilization and strengthening military forces.
Zyrone dynamics is manufacturing Variable Volume UAVs, similar to a
Tilt-Rotor aircraft, and can take off and land just like a normal aircraft or
helicopter.
The stock comes top in the list of drone companies stock in India as
able to provide over 400% return to its investors over 5 years.

7. Paras Defence and Space Technologies Ltd
Paras Defence is a small-cap defence sector stock in India involved in
manufacturing, developing, designing, and testing different kinds of
space and defence engineering products.
The company has launched Paras.AI (Artificial Intelligence) drone
information technology that would smoothen data processing
requirements of the solar, mining sector, and pipeline inspection work.
Paras has indigenous camera payload manufacturing with all hardware
and software composites. The company has UAV subsystems with
multispectral and electro-optic cameras. Recently, the NCR-based
Aerospace company has tied up with some UAV manufacturers situated
in Latvia, Israel & Italy.
As per the CEO, Paras has an aim to bring the best drone technology in
the world to India and become the top drone company in India. Though
the company has experience of over 40 years in the defence sector, it
was listed on the Indian stock market in October 2021, and within one
month the company managed to three-fold the listed price.

8. Hindustan Aeronautics Limited
HAL is a Bengaluru-based state-owned one of the world’s oldest and
largest aerospace and defence manufacturers. HAL has 11 R&D
centres and 21 manufacturing hubs under 4 production units across
India. The company manufactures, design, and fabricate fighter jets,
jet engines, helicopters, marine gas turbine engines, and their spare
parts for the Indian military.
The company already owns a contract to manufacture a combat drone
called Rustom-2 and also developed an autonomous wingman drone
called CATS(Combat Air Teaming System) warrior, which can be
applied by both the Indian Navy and Indian Air Force.
With a healthy promoter holding of 75.15% and such a good Market
Cap, financially rich HAL is investors’ top choice for a quality
investment.

9. Let’s have a look at a comparison table of
top drone company’s financials:

10. Frequently Asked Questions(FAQs) about the top drone
companies in India
Which is the top drone manufacturing company in India?
All the companies we have discussed so far are eyeing of being the
biggest Drone manufacturer in the coming days. But after close
research, we could suggest an investment in RattanIndia, DCM
Shriram, or Paras Defence in the manufacturing space, as their
future planning is looking really promising.
What is the future prospect of drone companies stock in
India?
India’s domestic drone market is estimated to reach $50 billion over
the next 15 years. The Union government has liberalized the drone
rules in August 2021 and launched Production Linked Incentive(PLI)
scheme to make the country a global hub for drone technology by
2030.
Also, the government put a bar on importing UAVs to charm local
manufacturing of drones. So, domestic and global prospects are
quite good for these companies.

11. Could you suggest the best drone stocks in India?
The drone industry still is in an evolving stage, so if you have a long-
term investment approach then you can make a valuable investment
in any of the above-discussed stocks as they all have good promoter
holding with almost zero debt. Above all, each stock is available at a
good valuation.
Which Drone making company in India listed in the stock
market is paying a good dividend?
Every stock we have discussed so far listed in the Indian stock
market is not known for good dividend payer except HAL, which
provides a marginally good dividend payout. But one can surely
invest in drone-based stocks for growth and not only for dividends.

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