The Indian government is planning to launch a Rs. 2,000 crore (around $234 million) incentive scheme to boost the country’s local drone manufacturing sector. This programme, expected to roll out over three years, will focus on supporting the production of drones, related components, software, anti-drone systems, and other related services.
The initiative is being developed by the Ministry of Civil Aviation. Its main goal is to reduce India’s dependence on imported drone technology and to improve national security. This move comes amid concerns over Pakistan’s growing drone programme, which is reportedly supported by China and Turkey.
The scheme aims to ensure that at least 40 percent of key drone parts are made in India by the end of the financial year 2027-28, as reported by Reuters. Companies that buy critical components locally may get extra rewards under the scheme.
Additionally, the Small Industries Development Bank of India (SIDBI) is expected to help by offering low-interest loans to drone companies for working capital and R&D purposes. Drone-related stocks may benefit from this initiative, as increased local demand and government support could boost their revenues and growth prospects.
Here are a few drone stocks to benefit from the Rs. 2,000 crore incentive Scheme to Boost Domestic Manufacturing
IdeaForge Technology Limited
With a market capitalization of Rs. 2,511.70 crores, the shares of Ideaforge Technology Limited were currently trading at Rs. 581.15 per equity share, down nearly 1.77 percent from its previous day’s close price of Rs. 591.60.
Ideaforge Technology Limited’s revenue has decreased from Rs. 102 crore in Q4 FY24 to Rs. 20 crore in Q4 FY25, which is a decrease of 80.39 percent. The net profit has turned into a net loss, from Rs. 10 crore in Q4 FY24 to Rs. -26 crore in Q4 FY25.
IdeaForge Technology Limited was established in 2007 and is India’s leading manufacturer of unmanned aerial vehicles (UAVs) for defence, industrial, and mapping applications. It designs, develops, and produces drones used for security, surveillance, and data collection.
Zen Technologies Limited
With a market capitalization of Rs. 17,480.21 crores, the shares of Ideaforge Technology Limited were currently trading at Rs. 1,934.85 per equity share, up nearly 0.05 percent from its previous day’s close price of Rs. 1,933.75.
Zen Technologies Limited’s revenue has increased from Rs. 141 crore in Q4 FY24 to Rs. 325 crore in Q4 FY25, which has grown by 130.49 percent. The net profit has also grown by 200 percent from Rs. 38 crore in Q4 FY24 to Rs. 114 crore in Q4 FY25.
Zen Technologies Limited was founded in 1993 and is headquartered in Hyderabad. The company designs and manufactures advanced combat training simulators and counter-drone solutions for defence and security forces globally.
Paras Defence and Space Technologies Limited
With a market capitalization of Rs. 7,140.84 crores, the shares of Paras Defence and Space Technologies Limited were currently trading at Rs. 886.10 per equity share, down nearly 5.08 percent from its previous day’s close price of Rs. 933.50.
Paras Defence and Space Technologies Limited’s revenue has increased from Rs. 80 crore in Q4 FY24 to Rs. 108 crore in Q4 FY25, which has grown by 35 percent. The net profit has also grown by 110 percent from Rs. 10 crore in Q4 FY24 to Rs. 21 crore in Q4 FY25.
Bharat Electronics Limited
With a market capitalization of Rs. 3,04,890.87 crores, the shares of Bharat Electronics Limited were currently trading at Rs. 416.90 per equity share, down nearly 2.49 percent from its previous day’s close price of Rs. 427.55.
Bharat Electronics Limited’s revenue has increased from Rs. 8,564 crore in Q4 FY24 to Rs. 9,150 crore in Q4 FY25, which has grown by 6.84 percent. The net profit has also grown by 18.36 percent from Rs. 1,797 crore in Q4 FY24 to Rs. 2,127 crore in Q4 FY25.
Bharat Electronics Limited (BEL) was established in 1954 in Bangalore, India, under the Ministry of Defence to meet the electronic needs of the Indian armed forces. It manufactures advanced electronic products like radars, communication systems, drones, missile systems, and avionics primarily for defence, also serving civilian sectors such as homeland security and smart cities.
Drone Destination Limited
With a market capitalization of Rs. 259.13 crores, the shares of Drone Destination Limited were currently trading at Rs. 106.20 per equity share, down nearly 3.23 percent from its previous day’s close price of Rs. 109.75.
Drone Destination Limited’s revenue has decreased from Rs. 26.35 crore in H2 FY24 to Rs. 11.06 crore in H2 FY25, which is a drop of 58.03 percent. The net profit has turned into a net loss, from Rs. 6.69 crore in H2 FY24 to Rs. -7.83 crore in H2 FY25.
Drone Destination Limited was established in 2019 and is an SME specializing in drone manufacturing, certified drone pilot training, and drone-as-a-Service (DaaS), offering aerial surveys, mapping, inspection, and agricultural spraying across India.
Written By – Nikhil Naik
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