Provides agricultural drone spray services, which is its sole operating revenue stream, and also sells drone parts. The drone spray services business, which is the primary revenue driver, generated Rs. 734.81 lakhs in FY25 and Rs. 531.06 lakhs in H1 FY26, contributing all of the revenue from operations in the first half of FY26. The drone parts sale segment contributed nothing in H1 FY26. Total revenue from operations stood at Rs. 689.71 lakhs in FY26, down from Rs. 900.95 lakhs in FY25. Profit after tax fell to Rs. 20.38 lakhs in FY26 from Rs. 45.05 lakhs in FY25. The cost structure is dominated by other operating expenses at 86.7% of revenue, with employee costs at 3.4% and negligible raw material costs. The company holds Rs. 264.52 lakhs in cash and is debt-free. It is listed on the BSE SME platform under scrip code 543282 with a registered office in Patna, Bihar. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Drone Spray Services, Drone Parts Sale. Small-cap, debt-free drone services and parts company on BSE SME platform
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 2 | 6 | 9 | 7 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | 0.04 | 7.13 | 11.67 | 9.74 | 4.08 |
| ROE % · ROCE % | — · 1.8 | — · 28.5 | — · 15.0 | — · 10.4 | — · 4.3 |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (0) | 1 | (2) | (0) | 0 |
| Capex | — | — | — | (0) | (0) |
| ₹ crore | Q4 FY22 | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 2 | 4 | 4 | 5 | 2 |
| Profit before tax | (0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | (0.40) | 1.25 | 5.88 | 9.01 | 2.66 | 3.38 | 2.66 | 1.42 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Open Offer at Rs 136 per share for 26 percent stake in Niks Technology | strategic transactions | high | — | — |
| 9 Sept 2026 · Niks Technology promoters sell 46.22% stake; control to change, open offer triggered | strategic transactions | high | — | — |
| 9 Sept 2026 · Open Offer at Rs 136/share for 26% stake in Niks Technology by 3 acquirers | strategic transactions | high | — | — |
| 8 Sept 2026 · FY26 Annual Report filed; share-swap acquisition to pivot to infrastructure business | results | high | — | — |
| 8 Sept 2026 · Board approves Dev Satya Infra acquisition and share issues | management changes | medium | — | — |
| 4 Sept 2026 · Board meeting rescheduled to Sept 8; fund-raising on agenda | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Board meeting on September 4 to consider fund-raising proposal | fund raising | medium | — | — |
| 13 Jul 2026 · RTA confirms Reg 74(5) compliance for Q1FY27; fully demat holding | compliance | minimal | — | — |
| 30 May 2026 · Non-applicability of Statement for Deviation or Variation under Regulation 32 of the SEBI (LODR) Regulations, 2015 | compliance | minimal | — | — |
| 30 May 2026 · Resubmission of Audited Financial Results due to inadvertent Typographical Error | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| TECH MAHINDRA LIMITED |
| 1,51,018 |
| 26.6 |
| 5.02 |
| 16.9 |
| 16.0 |
| 18.8 |
| 8.5 |
| 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 30.1 | 16.6 | 54 of 71 | 24% |
| ROCE | 4.3 | 14.2 | 57 of 78 | 27% |
| Revenue growth | (15.7) | 10.6 | 56 of 63 | 11% |
| Market cap | 15 | 475 | 67 of 75 | 11% |
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
