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Best Drone Stocks in India

India's drone industry is expected to reach $23 bn by 2030, with the agriculture and defence sectors driving the growth. Drones are increasingly used for monitoring crops, delivering goods, and enhancing security. Let’s take a look at some of the top drone companies that could benefit from this growing sector.
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Top Drone Stocks in 2026

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NameStocks (8)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Larsen and Toubro LtdLTConstruction & EngineeringConstruction & Engineering5,21,907.015,21,907.013,794.003,794.0034.7134.710.160.16-6.44-6.4410.8610.8611.1311.134.524.5213.8013.8018.9118.910.900.901.151.151.791.79
2.Hindustan Aeronautics LtdHALAerospace & Defense EquipmentsAerospace & Defense Equipments3,09,241.563,09,241.564,624.004,624.0036.9736.976.346.343.963.962.612.6128.4728.478.848.8426.0926.0917.5117.510.870.870.000.002.462.46
3.Info Edge (India) LtdNAUKRIOnline ServicesOnline Services84,159.4584,159.451,299.901,299.9087.4787.471.631.63-5.07-5.07-7.78-7.78-9.08-9.082.292.292.812.814.834.830.460.460.010.012.432.43
4.Zen Technologies LtdZENTECElectronic EquipmentsElectronic Equipments12,253.1012,253.101,362.801,362.8043.7243.726.486.48-2.61-2.61-19.39-19.39-14.38-14.387.067.0625.4525.4523.5723.570.150.150.040.044.034.03
5.Paras Defence and Space Technologies LtdPARASAerospace & Defense EquipmentsAerospace & Defense Equipments5,525.075,525.07685.60685.6087.0587.056.206.20-2.99-2.99-2.71-2.7136.0536.058.688.6811.7511.7514.0214.020.070.070.040.044.204.20
6.Rattanindia Enterprises LtdRTNINDIAPower Trading & ConsultancyPower Trading & Consultancy4,929.774,929.7735.7035.7058.3958.398.218.21-14.12-14.12-36.14-36.14-30.84-30.845.345.349.549.548.478.47--1.001.003.803.80
7.Drone Destination LtdDRONEEducation ServicesEducation Services131.27131.2753.8053.80-19.25-19.254.984.98-20.30-20.30-46.20-46.20-66.77-66.772.212.21-11.26-11.26-11.66-11.66--0.270.273.813.81
8.Droneacharya Aerial Innovations LtdDRONACHRYAOil & Gas - Equipment & ServicesOil & Gas - Equipment & Services86.8986.8936.2236.22-6.46-6.462.752.75-16.53-16.53-53.75-53.75-64.95-64.951.201.208.768.76-24.14-24.14--0.000.004.824.82
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Companies that are associated with drone sector in India, based on publicly available information. Sorted based on market capitalisation.

Government Initiatives and Budget Allocation for the Drone Sector

  1. Production‑Linked Incentive (PLI) Scheme for Drones: In September 2021, the Indian government launched the Production‑Linked Incentive (PLI) Scheme to boost the local manufacturing of drones and drone parts. The scheme has allocated ₹120 cr. over three years. Manufacturers can receive incentives of up to 20% based on the value they add when producing drones and components in India.
  2. Namo Drone Didi Scheme: The government introduced the Namo Drone Didi Scheme to empower rural women and promote drone use in agriculture. The scheme has allocated ₹1,261 cr. Around 15,000 drones will be provided to women-led Self Help Groups (SHGs) across India, with 80% financial assistance (up to ₹8 lakh per drone).
  3. Use of Drones in SVAMITVA Scheme: The SVAMITVA Scheme uses drones to survey and map rural land records across villages. This helps improve land ownership records and supports better rural economic planning.
  4. GST Relief on Drones: The GST Council introduced a uniform Goods and Services Tax (GST) rate of 5% for all drones, whether the camera is built‑in or separate. This simplification and reduction in tax rates aim to make drones cheaper and more accessible for commercial use in sectors like agriculture, surveying, and services.

How to Invest in Drone Sector Stocks?

Investing in drone stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in drone companies in India:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio.
  3. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
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  5. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

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Overview of Top Drone Stocks in India

Larsen and Toubro Ltd

L&T was founded in 1938. It is a large company that works in construction, engineering, and technology. It builds major infrastructure projects and also works in defence and aerospace. L&T is involved in developing drones for defence and industrial uses.

Hindustan Aeronautics Ltd

HAL started in 1940. It is a government-owned company that designs, builds, and maintains aircraft. HAL focuses on military aircraft and drones, making it an important part of India's defence industry. The company works on drones for surveillance and reconnaissance.

Info Edge (India) Ltd

Info Edge was founded in 1995. It is an internet company known for platforms like Naukri.com, 99acres, and Jeevansathi. Info Edge invests in drone technology and explores how drones can be used in industries like real estate and recruitment.

Zen Technologies Ltd

Zen Technologies was founded in 1993. It specialises in defence and security technology. The company develops drones for surveillance and defence. Zen Technologies also provides training solutions for security forces using simulation technology.

Rattanindia Enterprises Ltd

Rattanindia was founded in 1989. It is a diverse company that works in sectors like power, technology, and manufacturing. Recently, it has invested in drone technology, focusing on electric drones and UAV services to benefit from the growing drone market.

What are Drone Stocks?

Drone Stocks refer to the shares of companies involved in the development, production, or application of drone technology. Drones, or unmanned aerial vehicles (UAVs), are used across various industries, including agriculture, defence, logistics, surveying, and entertainment. Companies that manufacture drones, design drone components, provide drone-based services, or develop software for drone operations are typically categorised as drone stocks.

Drone Industry in India

The Government of India has introduced new rules and incentives to make it easier for businesses and farmers to use drones. In 2022, at the Bharat Drone Mahotsav, Prime Minister Narendra Modi called drones a “game‑changer” for agriculture and highlighted their role in improving last‑mile delivery, including for healthcare.

The Ministry of Civil Aviation launched the Production‑Linked Incentive (PLI) Scheme for drones and their components on 30 September 2021. The government has allocated ₹120 cr. in incentives for Indian drone manufacturers over three financial years starting from FY 2021–22. With continued government support and rising demand across industries, India’s drone industry is expected to grow rapidly in the coming years, with more companies entering the market and new uses for drones emerging.

Usage of Drones in India

Previously, drones were used only in the defence sector, but currently, it is used in several fields. And with the rapid rise in technology in every field, we can expect the usage of drones in more sectors. Here are a few uses of drone technology in India.

Security and Surveillance

Drones are used to monitor borders, track criminal activities, and watch over crowds at events. They provide real-time video feeds, making it easier to enhance security.

Aerial Videography and Photography

Drones with high-quality cameras capture beautiful aerial views at events, weddings, and in films. They provide a unique perspective that traditional photography can't achieve.

Search Operations

Drones with thermal cameras are essential in search and rescue missions. They can quickly find missing people and spot hazards in hard-to-reach areas, improving the efficiency of operations.

Agriculture

Drones help farmers by surveying crops, checking their health, and spraying fertilisers or pesticides across large fields. This makes farming faster and reduces the need for manual labour.

Last-mile Delivery

Drones deliver packages quickly, especially to remote or difficult-to-reach areas. They allow businesses to offer faster service, particularly for urgent deliveries.

Wildlife Tracking

Drones are used to track wildlife populations in remote areas. They help monitor animal movements and habitat conditions, supporting conservation efforts and research.

Advantages of Investing in Drone Sector Stocks

Rising Adoption Across Multiple Sectors

Drones are now used in many industries beyond defence, such as agriculture, logistics, construction, and public safety. For example, in agriculture, drones help monitor crops and spray pesticides, while in logistics, they deliver packages quickly, especially to remote areas.

Policy Support and Domestic Push

In India, the government introduced the Drone Rules 2021 and the Production‑Linked Incentive (PLI) Scheme to promote local drone manufacturing. These efforts make it easier for businesses to grow and create a positive environment for drone companies.

Innovation and Tech Advancement

Drones improve every year with better batteries, longer flight times, and advanced sensors. These technological advancements enhance their usefulness in areas such as agriculture, logistics, and public safety, thereby boosting market growth.

Early‑Stage Opportunity

The drone industry is still growing, especially in India, where commercial drone use is just starting. This early stage offers significant opportunities for investors to get in as the market grows.

Risks of Investing in Drone Sector Stocks

Regulatory Uncertainty

Drone companies are affected by government regulations. Changes in rules or restrictions on drone use can impact their growth. Since the laws around drones are still developing, this creates uncertainty for investors.

High Competition

The drone market is very competitive, with many companies trying to develop new technologies and capture market share. Larger companies with more resources may dominate the market, making it harder for smaller companies to succeed.

Technological Challenges

Although drones are improving, the technology is still evolving. Companies face challenges in making drones better, such as improving flight time and battery life. If a company can't keep up with these advances, it could fall behind.

High Costs and Initial Investment

Developing drones requires a lot of investment in technology and research. Many companies may struggle to make a profit in the early years, making it a long-term investment with uncertain returns.

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Factors to Consider Before Investing in Drone Sector Stocks

Regulatory Environment

Drones are subject to government regulations that can change over time. It’s important to understand the current and potential future laws that may impact drone companies, such as restrictions on drone usage or changes in safety regulations.

Technological Innovation

Since the drone industry is driven by technology, evaluate how innovative a company is. Companies that continuously improve their technology and stay ahead of trends are more likely to succeed. Research their R&D efforts and product development.

Competitive Edge

In the drone industry, where technology is constantly evolving, having a unique advantage helps a company maintain a strong position. That’s why a company with a strong competitive edge, such as unique technology or exclusive contracts, has better chances of performing well.

Supply Chain and Manufacturing Capabilities

A reliable supply chain and strong manufacturing capabilities are essential for drone companies to meet growing demand. Companies that manage their supply chains efficiently and can scale up manufacturing are more likely to succeed in the competitive drone market.

Intellectual Property (IP)

Intellectual property (IP), such as patents for unique drone technologies, plays a key role in a company’s success. A strong IP portfolio allows a company to protect its innovations and maintain a competitive edge.

Conclusion

The drone industry in India has enormous potential to grow, given its wide range of uses across industries and the prospect of long-term growth as technology advances. However, there are also risks, including regulatory changes, intense competition, technological hurdles, and supply chain challenges, all of which can affect a drone company’s performance. Because of these factors, it's important to carefully assess any drone company before investing. Tickertape Stock Screener makes this easier by offering over 200 filters, allowing investors to evaluate companies based on key factors like financial health, market position, and more.

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Frequently Asked Questions on Drone Stocks

  1. What are drone stocks?

    Drone sector stocks represent shares of companies involved in the development and operation of unmanned aerial vehicles (UAVs). These companies cater to various industries, including logistics, agriculture, and defence, with a focus on enhancing UAV technologies and applications.

  2. What is the best drone stock?

    As of 17th December, some of the best drone stocks as per market capitalisation include:
    1. Larsen and Toubro Ltd
    2. Hindustan Aeronautics Ltd
    3. Info Edge (India) Ltd
    4. Zen Technologies Ltd
    5. Rattanindia Enterprises Ltd

    Disclaimer: The above listed drone companies in India are for educational purposes only and should not be considered investment advice.

  3. How to invest in drone stocks?

    Here's how you can invest in drone sector stocks-

    1. Go to theTickertape Stock Screener
    2. Click on 'Drone Stocks'.
    3. Analyse and sort the Drone Stocks using over 200+ filters, including valuation ratios, financials, technical indicators, and more based on your investment thesis.
    4. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
    5. Once you've shortlisted the stocks, click & Place Order to invest in your preferred Drone Stocks.


    Disclaimer: Please do your own research or consult your financial advisor before investing.

  4. How big is the drone industry in India?

    By 2025, the global drone market is expected to touch $ 54 bn, and in India, it is expected to be of $ 4.2 bn, and projected to reach $ 23 bn by 2030.

    Disclaimer: This is only for educational purposes, as the latest data is derived from major financial research reports.

  5. What is the future projection of drone stocks?

    The Indian drone market is expected to grow from ₹11,500 cr. in 2024 to ₹39,000 cr. by 2030, with a growth rate of 20.4% per year. This growth is driven by sectors like agriculture, defence, and logistics, where drones are being used more and more. Government initiatives like the Namo Drone Didi Scheme are also helping to support this growth.

    Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.

  6. How to choose drone stocks?

    When choosing drone sector stocks in India, look for companies involved in manufacturing drones, developing drone technology, and applying drones in sectors like defence, agriculture, and logistics. Consider factors like their compliance with DGCA regulations, strategic partnerships, investment in research and development (R&D), and growth in sectors like agriculture and infrastructure. Also, evaluate their market position and financial stability to ensure they can thrive in the fast-growing drone industry.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  7. What are the factors affecting drone stock prices?

    Drone stock prices are influenced by regulatory changes, technological advancements, market demand in sectors like agriculture and defence, competition, supply chain issues, and the company’s financial health. Innovation and government support, such as subsidies, also play a key role.

  8. Are there any drone penny stocks available in India, and how can I find them?

    Drone

    penny stocks

    in India might be a bit harder to identify as the drone sector is still emerging. However, smaller startups or lesser-known companies involved in specific niches like drone cameras or drone services could be classified under this category

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.