Best Drone Stocks in India in August 2025: Zen Tech, HAL, RattanIndia and More – 5Y CAGR Basis

A pivotal moment in India’s drone industry came in 2021 when the government restricted drone imports (with specific exceptions), kickstarting a push for domestic innovation. The Production Linked Incentive (PLI) scheme for drones and components announced by the Ministry of Civil Aviation offered further momentum with ₹120 crore in incentives spread across FY22 to FY24.

Since then, drone-linked industries have attracted investor interest, driven by applications in defence, logistics, and surveillance. With autonomous drones and AI-driven navigation systems on the rise, India’s listed drone-related companies are gaining renewed attention.

In this article, we rank drone-linked stocks in India as of August 2025, based on key financial indicators: 5Y CAGR, net profit margin, and debt-to-equity ratio.

Best Drone Stocks in India in August 2025 Based on 5Y CAGR

Note: The best drone stocks listed above are sorted and ranked as per 5Y CAGR as of July 30, 2025.

Overview of Best Drone Stocks in August 2025

1. Zen Technologies Limited

Zen Technologies reported a muted Q1 FY26 performance, reflecting a slowdown in order inflows. The company’s consolidated revenue stood at ₹158.22 crore, while profit after tax (PAT) came in at ₹47.75 crore. 

However, management remains optimistic about achieving its H1FY26 order inflow guidance of ₹800 crore of which ₹150 crore has already been secured. The remaining ₹650 crore is expected to materialise within the first half of the fiscal year.

Key metrics:

 ROCE: 86.66%

 ROE: 32.11%

2. RattanIndia Enterprises Limited

RattanIndia Enterprises Ltd. operates a diverse portfolio of tech-forward businesses spanning electric vehicles, e-commerce, fintech, and drones. Its drone division is spearheaded by NeoSky India Ltd., a wholly owned subsidiary offering 360° Drone-as-a-Product and Drone-as-a-Service solutions. 

Throttle Aerospace Systems (TAS), part of NeoSky, remains a market leader in enterprise, defence, and delivery drones, with a client list that includes several marquee organisations.

Key metrics:

 ROCE: 27.6%

 ROE: 67.54%

3. Hindustan Aeronautics Limited (HAL)

HAL continues to serve as India’s premier aerospace and defence manufacturer, operating under the Ministry of Defence. The company designs, manufactures, and services aircraft, helicopters, and engines. 

As a key contributor to India’s defence indigenisation, HAL maintains a strong presence in military aviation and drone-adjacent technologies.

Key metrics:

 ROCE: 26.04%

 ROE: 28.91%

4. Larsen & Toubro Limited (L&T)

L&T reported robust Q1 FY26 results, with consolidated net profit rising 29.8% year-on-year to ₹3,617.19 crore, up from ₹2,785.72 crore in the same quarter of the previous year. The group’s consolidated order book stood at ₹6.12 lakh crore as of June 2025, marking a 6% increase over March 2025. International orders remained steady at 46% of the total. 

L&T is also expanding its defence and drone-related capabilities through high-altitude UAV platforms and tactical drone systems.

Key metrics:

 ROCE: 18.91%

 ROE: 13.8%

5. Info Edge (India) Limited

Info Edge has posted consistent revenue and profit growth over the past five quarters. Revenue rose from ₹657.42 crore in March 2024 to ₹749.63 crore in March 2025. Meanwhile, net profit surged significantly from ₹102.93 crore to ₹693.60 crore over the same period. 

While not a pure-play drone stock, the company has digital infrastructure that complements emerging tech domains.

Key metrics:

 ROCE: 5.69%

 ROE: 2.5%

Top Drone Stocks in August 2025 Sorted by Net Profit Margin

Note: The best drone stocks listed above are sorted and ranked as per net profit margin as of July 30, 2025.

Drone Sector Stocks in August 2025 Sorted by Debt-to-Equity Ratio

Note: The best drone stocks listed above are sorted and ranked as per debt-to-equity ratio as of July 30, 2025.

Read More: Best EV Stocks in India in August 2025 Based on 5Y CAGR: BEL, Himadri, Tata Motors & More.

Conclusion

India’s drone sector continues to evolve, supported by government policy and growing industrial applications. While several listed companies are expanding into drone-related businesses, their financial performance and diversification vary. Investors should track key metrics and developments to assess long-term potential in this emerging space.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.