- CIN
- —
- ISIN
- INE0REL01021
- Incorporated
- —
- Registered state
- —
Key valuation
- Market cap
- ₹2,284 Cr
- P/E
- 88.1x
- Debt / equity
- 0.0x
- Shares outstanding
- 5,21,35,780
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Price history
Dated dealer-quote averages, plotted on a true time scale. There is no continuous trading behind these numbers.
Business overview
Garuda Aerospace started in 2015 in Chennai, founded by Agnishwar Jayaprakash and Rithika Mohan. Drones, both the building of them and the flying of them. Design, manufacture and deployment of unmanned aerial systems, plus a Drone as a Service model where a customer rents the capability instead of buying hardware. The range covers precision agriculture drones for crop monitoring and pesticide spraying, industrial inspection and surveillance drones, and aerial mapping. Pilot training runs through a DGCA approved Remote Pilot Training Organisation. Agriculture was the starting point but the work has spread into defence, logistics, disaster management, infrastructure inspection and government projects. Tie ups with technology partners, government bodies and defence organisations have got the company into large deployments across India, disaster relief and pandemic response work included. Indian drone manufacturing is a crowded field now, Garuda is one of the names that keeps coming up in it.
Key highlights
- Incorporated in 2015
Financial snapshot
FY2026
- Revenue FY2026
- ₹205.96 Cr
- EBITDA
- ₹38.91 Cr
- PAT
- ₹25.92 Cr
- Net worth
- ₹359.62 Cr
- Total debt
- ₹0.00 Cr
- Cash & equivalents
- ₹-8.59 Cr
- Operating cash flow
- ₹-41.55 Cr
- EPS
- ₹4.97
Reported financials · FY2022–FY2026
Figures in ₹ crore unless stated.
| Particulars | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY | CAGR |
|---|---|---|---|---|---|---|---|
| Profit & loss | |||||||
| Revenue from operationsYoY +75.0%CAGR +91.5% | 15 | 47 | 110 | 118 | 206 | +75.0% | +91.5% |
| Other income | 0 | 0 | 1 | 7 | 0 | — | — |
| Total expenses | 11 | 39 | 89 | 101 | 172 | — | — |
| EBITDAYoY +84.6%CAGR +65.7% | 5 | 11 | 24 | 21 | 39 | +84.6% | +65.7% |
| Depreciation & amortisation | 0 | 2 | 2 | 3 | 4 | — | — |
| EBIT | 5 | 9 | 22 | 18 | 35 | — | — |
| Finance cost | 0 | 1 | 2 | 1 | 1 | — | — |
| Profit before taxYoY +42.3%CAGR +62.9% | 5 | 8 | 21 | 24 | 34 | +42.3% | +62.9% |
| Tax expense | 1 | 2 | 5 | 7 | 8 | — | — |
| Profit after taxYoY +50.1%CAGR +63.4% | 4 | 6 | 16 | 17 | 26 | +50.1% | +63.4% |
| Earnings per share | ₹0.70 | ₹1.18 | ₹3.03 | ₹3.31 | ₹4.97 | — | — |
| Balance sheet | |||||||
| Net worthYoY +114.0%CAGR +102.6% | 21 | 57 | 105 | 168 | 360 | +114.0% | +102.6% |
| Total debt | 0 | 0 | 20 | 7 | 0 | — | — |
| Current liabilities | 15 | 16 | 38 | 41 | 112 | — | — |
| Cash & equivalents | 1 | 2 | 10 | 1 | -9 | — | — |
| Current assets | 17 | 50 | 129 | 179 | 303 | — | — |
| Total assetsYoY +70.2%CAGR +102.6% | 21 | 57 | 149 | 211 | 360 | +70.2% | +102.6% |
| Cash flow | |||||||
| Operating activities | — | -25 | -41 | -34 | -42 | — | — |
| Investing activities | — | -6 | -12 | -7 | -19 | — | — |
| Financing activities | — | 32 | 62 | 32 | 51 | — | — |
| Net change in cash | — | 1 | 8 | -9 | -10 | — | — |
Revenue, EBITDA and PAT
₹ crore. A year with no reported figure is left out rather than drawn as zero.
- Revenue
- EBITDA
- PAT
Every ratio here is worked out from the reported figures in the Financials tab, and valuation multiples from the indicative price in the header. Nothing is a stored value. A ratio the filings cannot support (a line not reported, or a zero or negative base) is left out or shown as —, never as a misleading number. Balance-sheet ratios use year-end figures.
Valuation multiples
What the indicative price pays for the latest year's earnings, book and cash. On FY2026 figures and the ₹438 indicative price.
- Market cap
- ₹2,284 Cr
- Enterprise value
- ₹2,292 Cr
- Price / earnings (P/E)
- 88.10x
- Price / book (P/B)
- 6.35x
- Price / sales (P/S)
- 11.09x
- EV / EBITDA
- 58.91x
- EV / EBIT
- 65.81x
- EV / sales
- 11.13x
- Earnings yield
- 1.1%
- Cash / market cap
- -0.4%
How these are worked out
- Market cap
- Indicative price × shares outstanding
- Enterprise value
- Market cap + debt − cash
- Price / earnings (P/E)
- Market cap ÷ PAT (profitable years only)
- Price / book (P/B)
- Market cap ÷ net worth
- Price / sales (P/S)
- Market cap ÷ revenue from operations
- EV / EBITDA
- Enterprise value ÷ EBITDA
- EV / EBIT
- Enterprise value ÷ (EBITDA − depreciation)
- EV / sales
- Enterprise value ÷ revenue from operations
- Earnings yield
- PAT ÷ market cap
- Cash / market cap
- Cash & equivalents ÷ market cap
IPO / listing status
The company has not announced IPO details such as a DRHP filing, an expected window or its bankers. This section will update once it does.
Research & news
Information currently unavailable
Nothing has been published on Garuda Aerospace yet. Research, news and articles tagged with it will appear here when they are.
Documents
Information currently unavailable
No documents have been catalogued for this company yet.