SMALLCAP DEFENSE COMPANY IN THE NEWS AFTER GETTING ORDER FOR ANTI-DRONE SYSTEMS

has secured a defence contract valued at approximately Rs 37 crore from the Indian Ministry of Defence to supply high-performance anti-drone systems equipped with hard-kill capabilities. This order marks a key development in the company's collaboration with India’s armed forces and reinforces its standing as a major player in the counter-drone technology space. The systems are expected to be delivered within a year. Having a market cap of Rs 12,260 crores, the company has seen a compounded sales growth of 140% and compounded profit growth of 410% over the last 3 years. Moreover, the company has given a decent ROCE and ROE of 37% and 26% respectively and expected to give good quarter.