BharatRohan Airborne Innovations Q3 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹184 Cr
- P/E
- 17.38
- ROE
- 16.94%
- PEG
- 0.23
- Price to sales
- 2.15
- Debt to equity
- 0.04
- 52W high / low
- ₹160 / ₹79.8
- EBITDA margin
- 17.00%
- Net profit margin
- 12.41%
- Promoter holding
- 40.27%
- Sales (last year)
- ₹85 Cr
Incorporated in June 2016, BharatRohan Airborne Innovations Limited is an agritech solutions provider focusing on drone/UAV platforms and Hyperspectral Imaging (HSI) technology.[1]
Guidance scorecard · Q3 FY26 call
What BharatRohan Airborne Innovations Ltd's management guided
and where it ranks in Agricultural Food & other Products
Agricultural Food & other Products
RevenueQ3 FY26 call
20–40%- BharatRohan aims to build a company with ₹500 crore in revenue within the next 4-5 years.
- The agricultural sector's growth pace is favorable for their business expansion.
- New proof of concepts (POCs) being materialized will significantly increase project values.
- High net margins are anticipated from upcoming projects, bolstering revenue and profitability.
- The company plans to expand sales by scaling its drone-based services and decentralizing operations through franchising models.
2 more points from BharatRohan Airborne Innovations Ltd's call on revenue
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MarginsQ3 FY26 call
Up 2%+See what BharatRohan Airborne Innovations Ltd said on margins — free account, 30 seconds.
CapexQ3 FY26 call
Planned- BharatRohan has recently established its own R&D facility focused on creating new spectral vegetation indices for various crops and addressing prevalent crop issues.
- The company is moving towards in-house manufacturing of hyperspectral cameras, which were previously imported from the US, Belgium, and China.
- Several grant applications have been made to support further R&D and development in hyperspectral imaging hardware.
2 more points from BharatRohan Airborne Innovations Ltd's call on capex
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FundraisingQ3 FY26 call
See what BharatRohan Airborne Innovations Ltd said on fundraising — free account, 30 seconds.
Order bookQ3 FY26 call
- BharatRohan is in the POC (Proof of Concept) phase with several clients, including a recent engagement in Bharuch to monitor solar farms covering around 9,000 acres, starting with two sites.
- As POCs are materialized, commercial agreements are expected to follow, with project values and net margins anticipated to be substantial.
- The company has recently received DGCA approval for the Pravir-X6 drone, facilitating sales and franchising to rural entrepreneurs for precision agriculture services.
- BharatRohan is building franchise models to decentralize operations and scale business by enabling others to offer services using their drones.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Agricultural Food & other Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Agricultural Food & other Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹911 Cr | 14.0 | |
| 2 | 40%+ | Up 0–2% | ₹129 Cr | 7.0 | |
| 3 | 40%+ | Flat | ₹23 Cr | 9.5 | |
| 4 | 20–40% | Up 2%+ | ₹219 Cr | 15.0 | |
| 5 | BharatRohan Air.This stock | 20–40% | Up 2%+ | ₹190 Cr | 17.9 |
| 6 | 20–40% | Up 0–2% | ₹2,595 Cr | 33.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Agricultural Food & other Products rankingFinancials of BharatRohan Airborne Innovations Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of BharatRohan Airborne Innovations Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of BharatRohan Airborne Innovations Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| Sales + | 2 | 6 | 19 | 28 | 47 |
| Expenses + | 2 | 5 | 13 | 20 | 36 |
| Operating Profit | -0 | 2 | 6 | 8 | 11 |
| OPM % | -16% | 26% | 31% | 28% | 24% |
| Other Income + | 0 | 0 | 0 | 2 | 0 |
| Interest | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -1 | 2 | 5 | 9 | 10 |
| Tax % | -5% | -23% | 1% | -6% | |
| Net Profit + | -1 | 2 | 5 | 9 | 11 |
| EPS in Rs | -572.73 | 1,178.34 | 15.93 | 6.43 | 6.55 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of BharatRohan Airborne Innovations Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.02 | 3 | 15 | 20 |
| Reserves | -0 | 3 | 11 | 23 | 62 |
| Borrowings + | 2 | 2 | 4 | 1 | 4 |
| Other Liabilities + | 0 | 0 | 2 | 3 | 4 |
| Total Liabilities | 2 | 5 | 21 | 42 | 90 |
| Fixed Assets + | 0 | 0 | 0 | 1 | 3 |
| CWIP | 0 | 0 | 1 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 2 | 5 | 20 | 40 | 86 |
| Total Assets | 2 | 5 | 21 | 42 | 90 |
Financials of BharatRohan Airborne Innovations Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Cash from Operating Activity + | 1 | -8 | -3 | |
| Cash from Investing Activity + | -0 | -1 | -2 | |
| Cash from Financing Activity + | 1 | 8 | 10 | |
| Net Cash Flow | 2 | -1 | 5 | |
| Free Cash Flow | 1 | -9 | -5 | |
| CFO/OP | 52% | -133% | -43% |
Financials of BharatRohan Airborne Innovations Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 67 | 146 | 206 | 132 |
| Inventory Days | 246 | 2 | 116 | 379 |
| Days Payable | 6 | 8 | 33 | 24 |
| Cash Conversion Cycle | 307 | 140 | 289 | 487 |
| Working Capital Days | -24 | 120 | 268 | 374 |
| ROCE % | 49% | 49% | 32% |
Guidance history
How BharatRohan Airborne Innovations Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q3 FY26 call → | 20–40% | Up 2%+ | Planned | — | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What BharatRohan Airborne Innovations Ltd's management said in earlier quarters
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