Equity Analysis

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Drone Destination Ltd

Industry : Miscellaneous

BSE Code

ISIN Demat

Book Value()

79226

INE0P7201019

25.3634885

NSE Symbol

P/E(TTM)

Mar.Cap( Cr.)

DRONE

74.74

530.35

EPS(TTM)

Face Value()

Div & Yield %:

2.92

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Drone Destination Ltd

Drone Destination Ltd - Updates

Jul 04,2024

Drone Destination Limited has informed the Exchange regarding In compliance with Regulation 30 and other applicable Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and up to date ( SEBI Listing Regulations ), we wish to inform you that Hubblefly Batteries Pvt Ltd, an associate company of Drone Destination, has received BIS approval for its Lithium-Ion batteries. This development will provide twin benefits to Drone Destination. On one hand, it will secure our supply chain of our key consumables, such as batteries. Additionally, we expect to see a cost reduction of about 10% to 15% in the battery costs (fuel for the Drones) positively impacting our bottom line as the company grows its drone fleet..