The drone industry in India is at a tipping point. With the government liberalising commercial drone flights in July 2021 and pushing for the use of drones across government bodies, the drone sector is on the cusp of rapid growth. Here are five stocks to help you capture some of this growth for your equity portfolio.

DCM SHRIRAM

First on our list is DCM Shriram, managed by Mr. Ajay S. Shriram, Chairman and Senior Managing Director, along with a highly professional executive team. It is one of the leading business amalgam with their portfolio comprising two different types of businesses, namely agri rural and chlor-vinyl business.

Vision: DCM Shriram’s vision is to continue to strengthen and grow its commodity businesses as well as its “customer” & “knowledge based” products & services.

• DCM Shriram’s market capital as on december 2022 is Rs 13,763 Cr

• Latest PE ratio is approximately 12.15x. DCM Shriram’’s PE ratio peaked in Mar 2022 which was 16.52x.

• Over the last 3 years, DCM Shriram’s earning per share has increased by 17% per year and its share price has increased by 42% per year, which means the company is significantly growing over the years.

• DCM Shriram’s price to book ratio is approximately 2.42

• The company has a group turnover of Rs 8,308 Cr

RATTAN INDIA

RattanIndia Enterprises Limited is the flagship company of Rattanindia Group for its new age growth businesses. RattanIndia Enterprises Limited comprises of tech focussed new age businesses including e-commerce, electric vehicles, fintech and drones

• RattanIndia group has its net worth of more than $1 billion

• Ratan India’s recent market capital is Rs 6,793

• Its current PE ratio is 4.15 15.21

• The company has received a good profit growth of 281.06 % over the past 3 years.

• The price to book ratio of ratan infra is 9.61

HINDUSTAN AERONAUTICS

Hindustan Aeronautics Limited, or “HAL,” is an Indian state-owned aerospace and defence company with its headquarter in Bangalore, India. HAL is one of the oldest and largest aerospace and defence manufacturers in the world today.

• One of the largest aerospace companies in Asia, HAL has annual turnover of over $3 billion. More than 40% of HAL’s revenues come from international deals to manufacture aircraft engines, spare parts, and other aircraft materials.

• The company’s PE ratio as of december 2022 is 33.0091

• HAL’s current price to book ratio 4.76

• As of August 2022 HAL has a market capital of $9.38 billion, which makes Hindustan Aeronautics the world’s 1501th most valuable company by market capital.

PARAS DEFENCE AND SPACE

As the name suggests, Paras defence and space has a wide range of applications in the field of defence & space sector. There are five verticals of the business, namely defence and space optics, defence electronics, heavy engineering, electromagnetic pulse protection solutions and niche technologies.

• The company has a market capital of Rs 2,405.33 Cr 

• Its PE ratio as of december is 616.05

• The company’s turnover is approximately around 100 cr – 500 cr and the net worth of the company has increased by 19.29 % 

• The net profit received this quarter is approximately 9.03