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July 7, 2023 - July 13, 2023

Drone Destination IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Drone Destination IPO.

Drone Destination IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 0 1 0 0 0
% 0.00 100.00 0.00 0.00 0.00

Drone Destination IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda May Apply

Drone Destination IPO Review by Dilip Davda (May apply)

[Dilip Davda]  The company operates in a competitive segment with rising players. The sudden boost in its net profits for FY23 raises eyebrows and concerns over sustainability going forward. Based on the super earnings of FY23, the issue appears aggressively priced. Surprised extension of the IPO, two Market Makers and a new merchant banker are the pin-pointers. Well-informed/cash surplus investors may park funds with a long-term perspective. Read detail review...

Drone Destination IPO Peer Comparison

Drone Destination Limited peer comparison with similar listed entities. (Standalone) (As on March 31, 2023)

Company NameEPS (Rs)NAV (per share) (Rs)P/E (x)RoNW (%)
EPS Basic
Drone Destination Limited25.8035.1513.90
Droneacharya Aerial Innovations Limited1.7727.6384.215.16

Notes:

  1. Sourced from Annual Reports, Audited Financials, and BSE.
  2. Industry Peer may be modified for finalization of Issue Price before filing Red Herring Prospectus with ROC.
  3. Considering the nature and turnover of the business of the Company the peer are not strictly comparable. However, the same have been included for broader comparison.
  4. The figures for Drone Destination Limited are based on the restated results for the year ended March 31, 2023.
  5. The figures (except PE) for the peer group are based on standalone audited results for the respective year ended March 31, 2022.
  6. PE is based on Twelve Trailing Months.

Drone Destination IPO Review by Members

Drone Destination IPO Reviews, analysis and views by popular members. Read Drone Destination Limited IPO reviews by retail investors to find recommended ipo to buy.

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Drone Destination IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 5 0 0 1
% 83.33 0.00 0.00 16.67
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Member Review
GopalKrishna

Apply for Listing Gain at Upper Price Band

Apply with full Force QIB & NII

July 13, 2023 12:39:13 PM
quresh rangwala

Avoid

I totally agree what Noorul has mentioned in his post. Better is KAKA as per the data provided

July 10, 2023 7:28:53 PM
MMicroCap Investor

Apply for Long Term at Cut-off Price

A simple comparison with another listed peer i.e Dronacharya
Particular Dronacharya Drone Destination
P/BV ( TTM) 5.9 2.9
P/E( TTM ) 114 61
Price/Sales 8.8 5.4 ( differentiating factor is 1.6 )

Based on above actual performance stock should list >Rs 106

July 9, 2023 2:36:06 PM
B.M.SURANA
IPO Guru IPO Guru (2700+ Posts, 5300+ Likes)

Apply for Listing Gain at Upper Price Band

Apply Apply Apply

I Like It. 1

July 8, 2023 1:56:05 PM
Choudhari

Apply for Listing Gain at Cut-off Price

Low debt equity ratio

July 8, 2023 7:28:20 AM
Tenscope Management

Apply for Short Term at Upper Price Band

Good ipo may apply for upper price band

I Like It. 2

July 4, 2023 1:54:52 AM

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