Drone stock engaged in providing a high-end ecosystem of Drone solutions involving multi-sensor Drone surveys, data processing of Drone data, and many more in focus upon receiving new work order worth ~Rs. 55.8 Lakhs for surveying the Bengaluru Ring Rail project.
Price Action (WA:ACT)
With a market capitalization of Rs. 275 Crores, the shares of Droneacharya Aerial Innovations Ltd (BO:DRON) were trading at Rs. 114.45 per equity share, up 0.75 percent from the previous day’s close price of Rs. 113.60.
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What Happened
Droneacharya Aerial Innovations Limited has received a new work order to execute a comprehensive UAV-based LiDAR and RGB survey for the Bengaluru Ring Rail project encompassing an area of 350 Km in two phases for a consideration of Rs. 55.76 Lakhs.
This work order is awarded to the company by Aarvee Associates Architects Engineers & Consultants Private Limited, and the survey is commissioned by Aarvee Associates, in collaboration with the Southwestern Railway.
Phase 1 of the project involves surveying 200 km for a consideration of Rs. 31.86 Lakhs. Upon review and approval of the Phase 1 deliverables by Aarvee, the work order for Phase 2 worth Rs. 23.9 Lakh involving a survey of 150 KM will be issued promptly to ensure seamless continuity and adherence to project timelines, given the high-priority nature of this work.
Scope of Work
The scope of work includes the utilization of advanced drone-based LiDAR and RGB mapping technologies to generate precise data integral to the railway’s final location survey. It involves establishing Temporary Benchmarks (TBMs) and conducting comprehensive aerial surveys, adhering to the highest standards of engineering precision.
This contract adds another feather to DroneAcharya’s cap as it continues to spearhead advancements in drone-based solutions for infrastructure and engineering projects across India.
About the Company
Droneacharya Aerial Innovations Limited is engaged in providing a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high-configuration workstations, Drone pilot training, and specialized GIS training.
Financials and Ratios
Its revenue from operations grew by 29 percent from Rs. 20.89 Crores in H1FY24 to Rs. 26.90 Crores in H1FY25, accompanied by profits of Rs. 3.96 Crores to Rs. 1.51Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 4.96 percent and a return on capital employed (ROCE) of 7.5 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.
Written by: Bharath K.S
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