Bharatrohan Airborne Innovations Ltd

BSE: 544535

₹ 79-12.17%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 157 crWebsite: bharatrohan.in/Updated: 24 Oct 2026

About

Bharatrohan Airborne Innovations uses drones, hyperspectral imaging, data analytics and machine learning to predict pest attacks and disease outbreaks in crops. It sells agricultural inputs and produce, sells drones and related equipment, and provides crop monitoring services. It reports a single business segment, drone technology solutions and allied activities. Revenue was Rs 85.41 crore in FY26.^[1][2]

Revenue mix

FY26 revenue was Rs 8,541.07 lakhs, compared with Rs 2,817.23 lakhs in FY25.^[1]
Sale of agri-output was Rs 5,617.66 lakhs in FY26, up from Rs 1,316.80 lakhs in FY25.^[1]
Crop monitoring services brought in Rs 2,570.76 lakhs in FY26, up from Rs 1,405.83 lakhs in FY25.^[1]
Sale of agri-inputs was Rs 352.65 lakhs in FY26.^[1]
Stock of traded goods rose to Rs 4,397.84 lakhs in FY26 from Rs 1,482.01 lakhs in FY25.^[1]

Products and services

Revenue comes from four sources: agricultural inputs, agricultural produce, drones and related equipment, and crop monitoring and other drone-enabled services (FY26).^[1]
The Pravir X6 drone received DGCA Type Certification during FY26.^[1]
The company developed its own hyperspectral imaging system and active stabilisation gimbal in-house (FY26).^[1]
It sells residue-free produce under its own direct-to-consumer brand on Swiggy Instamart and Amazon (as of Q2 FY26).^[3]
In FY26 it moved into the renewable energy sector, offering solar asset inspection and monitoring.^[1]

Farmer reach

CropAssure covered over 2 lakh acres in 6 states with about 50,000 farmers in H1 FY26.^[3]
About 18,000 farmers were paying subscribers in H1 FY26, billed per acre per season.^[3]
Operations were being extended into Madhya Pradesh, Telangana and Andhra Pradesh (as of Q2 FY26).^[3]

Facilities and technology operations

An advanced phenotype and research facility was set up in Hyderabad in FY26 to build spectral libraries and improve machine learning models.^[1]
A food processing facility in Jodhpur, Rajasthan supports the FMCG operations. It is funded by an IFAD grant-in-aid of Rs 1.28 crore under the GAP Fund, and the FY26 accounts show it as under construction.^[1]
Processing time for large hyperspectral datasets fell from nearly eight hours to about two and a half hours after a redesign of the cloud and edge computing setup (FY26).^[1]
Wholly owned Dutch subsidiary GroeiGids B.V., incorporated in October 2024, does research, development and commercialisation of drone and sensor technology.^[1]

Development projects

The company is developing new Spectral Vegetation Indices using hyperspectral imaging and has capitalised the development costs (FY26).^[1]
It is developing Unified Hyperspectral Drones, a standard drone platform for agricultural hyperspectral imaging (FY26).^[1]
It is building software platforms for farmer management and carbon credit monitoring that track carbon sequestration (FY26).^[1]
Proofs of concept are being pursued in solar, wind, telecom, water, mining and pharma. Earlier proofs of concept were run with Indus Towers and a Belgian transmission company (as of Q2 FY26).^[3]

IPO and use of proceeds

52,99,200 shares were issued in the IPO at Rs 85 each and listed on the BSE SME platform on 30 September 2025.^[1][3]
Planned use of the Rs 3,979.29 lakh in IPO proceeds: Rs 1,420.62 lakhs for equipment capex, Rs 229.19 lakhs for vehicles, Rs 1,668 lakhs for working capital and Rs 661.48 lakhs for general purposes.^[1]
As of 31 March 2026, Rs 1,243.39 lakhs of IPO proceeds had not yet been used, mainly for equipment (Rs 1,077.78 lakhs) and vehicles (Rs 165.61 lakhs).^[1]

Recent developments

Pre-IPO debt was fully repaid: the Caspian working capital loan on 15 November 2025 and the RevX NCD on 26 February 2026.^[1]
Shareholders will vote at the AGM on 30 September 2026 on moving the registered office from Delhi to Haryana, which also needs approval from the Regional Director.^[1]

Market Cap

₹157 Cr

High / Low

₹164 / 79

Stock P/E

15.1

Price / Book

0.0

Book Value

₹50

EPS

₹5.3

No. of Shares

1.73 Cr

ROCE

15.0%

ROE

12.0%

OPM

16.0%

Debt / Equity

0.05

Sales

₹85 Cr

Net Profit

₹10 Cr

Promoter holding

40.3%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials