---
title: "BharatRohan Airborne Innovations Ltd (544535) — Share Price, Financials & Analysis"
symbol: "544535"
company: "BharatRohan Airborne Innovations Ltd"
canonical: "https://tapetide.com/stocks/544535"
isin: "INE0QMV01017"
nse_symbol: "BHARATROHANAIRBORNEINNOVATIONSLTD"
bse_code: "544535"
sector: "FMCG"
industry: "Agricultural Products"
market_cap_cr: 241.1
generated_at: "2026-09-13T19:39:35.673Z"
---

# BharatRohan Airborne Innovations Ltd (544535)

Canonical page: https://tapetide.com/stocks/544535

## Company

- **NSE Symbol:** BHARATROHANAIRBORNEINNOVATIONSLTD
- **BSE Code:** 544535
- **ISIN:** INE0QMV01017
- **Sector:** FMCG
- **Industry:** Agricultural Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2025-09-30
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** bharatrohan.in

## About

Incorporated in June 2016, BharatRohan Airborne Innovations Limited is an agritech solutions provider focusing on drone/UAV platforms and Hyperspectral Imaging (HSI) technology.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:41:04.994803Z.

- **Market Cap:** ₹241.1 Cr
- **Classification:** SME
- **P/E (reported):** 23
- **Book Value:** ₹43.9
- **Price to Book:** 2.76
- **Dividend Yield:** 0%
- **ROE:** 24.91%
- **ROCE:** 24.18%
- **Debt to Equity:** 0.05
- **Revenue (yearly):** ₹85.41 Cr
- **Net Income:** ₹10.78 Cr
- **EBITDA:** ₹14.37 Cr
- **52-Week High:** ₹164
- **52-Week Low:** ₹86.05
- **RSI (14):** 44.93

## Tapetide Score

- **Score:** 56 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 74.1 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 86.12 | 9% |
| growth | 98.9 | 9% |
| momentum | 69.85 | 12% |
| ownership | 50.11 | 24% |
| quality | 62.78 | 22% |
| valuation | 28.32 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.7%
- Debtor days have improved from 148 to 106 days.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 60.05% | -118.07% | -268.18% |
| ebitda margin growth | -47.95% | -46.89% | — |
| net income growth | 15.91% | 79% | — |
| revenue growth | 185.65% | 136% | — |
| roce | -32.46% | -32.46% | — |
| roe | -29.03% | 30.01% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 14 | 14 | 33 | 52 |
| Expenses | 12 | 8 | 28 | 43 |
| Operating Profit | 2 | 6 | 5 | 9 |
| OPM % | 14 | 43 | 16 | 18 |
| Other Income | 2 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 3 | 6 | 5 | 9 |
| Tax % | 2 | -10 | 3 | 30 |
| Net Profit | 3 | 6 | 5 | 6 |
| EPS in Rs | 2.36 | 4.23 | 2.32 | 2.99 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 2 | 6 | 19 | 28 | 85 |
| Expenses | 2 | 5 | 13 | 20 | 71 |
| Operating Profit | 0 | 2 | 6 | 8 | 15 |
| OPM % | -16 | 26 | 31 | 28 | 17 |
| Other Income | 0 | 0 | 0 | 2 | 0 |
| Interest | 0 | 0 | 1 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | -1 | 2 | 5 | 9 | 13 |
| Tax % | -5 | -23 | 1 | -6 | 20 |
| Net Profit | -1 | 2 | 5 | 9 | 11 |
| EPS in Rs | -572.73 | 1178.34 | 15.93 | 6.43 | 5.32 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.02 | 3 | 15 | 20 |
| Reserves | 0 | 3 | 11 | 23 | 68 |
| Borrowings | 2 | 2 | 4 | 1 | 4 |
| Other Liabilities | 0 | 0 | 2 | 3 | 6 |
| Total Liabilities | 2 | 5 | 21 | 42 | 98 |
| Fixed Assets | 0 | 0 | 0 | 1 | 8 |
| CWIP | 0 | 0 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2 | 5 | 20 | 40 | 89 |
| Total Assets | 2 | 5 | 21 | 42 | 98 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 1 | -8 | -3 | -28 |
| Cash from Investing Activity | — | 0 | -1 | -2 | -7 |
| Cash from Financing Activity | — | 1 | 8 | 10 | 42 |
| Net Cash Flow | — | 2 | -1 | 5 | 7 |
| Free Cash Flow | — | 1 | -9 | -5 | -35 |
| CFO/OP | — | 52 | -133 | -43 | -174 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 67 | 146 | 206 | 132 | 106 |
| Inventory Days | 246 | 2 | 116 | 379 | 259 |
| Days Payable | 6 | 8 | 33 | 24 | 7 |
| Cash Conversion Cycle | 307 | 140 | 289 | 487 | 358 |
| Working Capital Days | -24 | 120 | 268 | 374 | 287 |
| ROCE % | — | 49 | 49 | 32 | 21 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 40.26% | 40.27% |
| FIIs | 3.85% | 0% |
| DIIs | 9.39% | 9.91% |
| Government | 0% | 0% |
| Public | 36.15% | 40.24% |
| Others | 10.35% | 9.58% |
| No. of Shareholders | 130 | 682 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 6 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 127.05 | Sell |
| EMA (10) | 125.16 | Sell |
| SMA (20) | 123.36 | Sell |
| EMA (20) | 124.7 | Sell |
| SMA (50) | 123.65 | Sell |
| EMA (50) | 123.54 | Sell |
| SMA (100) | 120.19 | Buy |
| EMA (100) | 122.43 | Sell |
| SMA (200) | 123.92 | Sell |
| EMA (200) | 120.66 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.93 | Neutral |
| MACD (12,26,9) | 0.71 | Sell |
| Stochastic (14,3,3) | 24.75 | Neutral |
| ADX (14) | 15.82 | Neutral |
| Williams %R (14) | -80.95 | Buy |
| ATR (14) | 5.36 | High Volatility |
| ROC (12) | 0 | Neutral |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 46.77 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-06 | [Announcement Under Regulation 30-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c4799f6-13f4-41f1-a612-d4a35ee3b905.pdf) |
| 2026-09-05 | [Notice Of 10Th AGM Of The Company To Be Held On Wednesday 30Th Sep 2026 At 03:00 PM IST](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b84ffcec-fd4d-4db8-b482-671b750fc6a6.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50d6721f-3a83-48ba-88de-495884425d1b.pdf) |
| 2026-09-04 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 4Th Sep 2026 As Per Regulation 30](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17e5b552-52a2-4805-ab93-1cf25c7768ae.pdf) |
| 2026-07-17 | [Board Meeting Outcome for Intimation As Per Regulation 30 Of SEBI (LODR) Regulations](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29bae37b-459c-498c-92db-a6c40859bc47.pdf) |
| 2026-07-12 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab16de04-d89a-4728-86dc-7bf3205f4825.pdf) |
| 2026-06-29 | [Intimation Under Regulation 30 Of SEBI (LODR)-Press Release On The Development Of Indigenous Snapshot Hyperspectral Imaging Camera](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70d125df-cfc0-4ba9-b882-b74bed86ae1c.pdf) |
| 2026-05-31 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6eb3f53c-f6c3-4986-bae2-235d689ca391.pdf) |
| 2026-05-30 | [Board Meeting Outcome for Approval Of Audited FS (Standalone And Consolidated) For FY Ended 31St Mar 2026 With Audit Report And Other Matters Etc](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4873b0f8-89f7-4ab4-a6fd-30cb68ce64e3.pdf) |
| 2026-05-30 | [Statement Of Deviation/Variation Of Funds Under Regulation 32 Of SEBI (LODR) 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=79b3d359-609a-411f-a3c4-bdbc5fc7c095.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-30 | [Financials For The Half-Year And Financial Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=234a091b-fed4-4e73-ac18-7df1f3c87787.pdf) |
| 2025-11-13 | [Unaudited Financial Statement (Standalone And Consolidated) For The Half-Year Ended 30Th Sep 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7aa93dc5-a703-41aa-be02-b0b84f80b52d.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Postal ballot: reappoint N Gopalaratnam as Chairman (3 years from 01-Apr-2026, ₹8,00,000/month); appoint Anurag Mishra nominee director | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 9 Feb - Postal ballot: reappoint N Gopalaratnam as Chairman (3 years from 01-Apr-2026, ₹8,00,000/month); appoint Anurag Mishra nominee director](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1dd89baa-be73-40cc-9380-54b2f9f8c997.pdf) |
| 7 Apr - Certificate under Regulation 74(5) of SEBI (DP) Reg 2018, for the quarter ended 31st Mar 2026, issued by M/s. KFin Technologies is submitted for record. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Certificate under Regulation 74(5) of SEBI (DP) Reg 2018, for the quarter ended 31st Mar 2026, issued by M/s. KFin Technologies is submitted for record.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39f4d79b-2dd6-47c6-bcf8-82b97f50c884.pdf) |
| 3 Feb - Newspaper Publication of Un-audited Financial Results for the quarter and nine months ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Feb - Newspaper Publication of Un-audited Financial Results for the quarter and nine months ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/32e628cd-2b84-48ba-ab5d-874e8ecebff4.pdf) |
| 28 Feb - Engagement Letter with KPI Green OMS for POC solar monitoring in Gujarat; operations start within 20 days. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 28 Feb - Engagement Letter with KPI Green OMS for POC solar monitoring in Gujarat; operations start within 20 days.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4ca0a151-f530-4f85-9459-0ee9ac50d938.pdf) |
| 27 Mar - Trading window closed from 01 April 2026 until 48 hours after audited results declaration. | [Closure of Trading Window 27 Mar - Trading window closed from 01 April 2026 until 48 hours after audited results declaration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ba23863-2887-4d1c-a5f7-0801132414bd.pdf) |
| 23 Feb - CRISIL withdrew working-capital rating on 20.02.2026; ICRA ratings continue. | [Announcement under Regulation 30 (LODR)-Credit Rating 23 Feb - CRISIL withdrew working-capital rating on 20.02.2026; ICRA ratings continue.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/429402fc-8294-4640-8380-371f3823d0eb.pdf) |
| 20 Mar - March 17, 2026: expanded dealer network (~200 dealers) to scale drone services and Pragati Card adoption. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 20 Mar - March 17, 2026: expanded dealer network (~200 dealers) to scale drone services and Pragati Card adoption.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/21fdbb85-4c79-466f-bbb6-7aff8cac85fa.pdf) |
| 17 Feb - Appointed internal auditor SS Rawat & secretarial auditor Jain Preeti on 17/02/2026 for FY2025-26. | [Board Meeting Outcome for Disclosure As Per Regulation 30 Of SEBI LODR 17 Feb - Appointed internal auditor SS Rawat & secretarial auditor Jain Preeti on 17/02/2026 for FY2025-26.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c0e0bdb1-624a-4a38-ad3d-b57c95c8c882.pdf) |
| 14 Jan - Transcript of Jan 10, 2026 meeting; H1 revenue Rs32 crore, PAT Rs5 crore; DGCA-certified Pravir-X6; 2 lakh-acre reach. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 14 Jan - Transcript of Jan 10, 2026 meeting; H1 revenue Rs32 crore, PAT Rs5 crore; DGCA-certified Pravir-X6; 2 lakh-acre reach.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e4dad0d-131b-4d1d-a01d-6a34b4686c54.pdf) |
| 14 Jan - KFin certifies Reg.74(5) compliance for BharatRohan for quarter ended 31 Dec 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Jan - KFin certifies Reg.74(5) compliance for BharatRohan for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2cad880b-5740-441f-bae7-9e88c4b87112.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2025-11-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9f88923-3fad-4d22-bd92-319b389519fb.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13a59660-d103-437c-a365-c0b0e16410b7.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3acb04f0-39de-4d43-980c-322c48317df0.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_SESHAPAPER_2010_2011_18072011115552.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/21399e50-4133-46ca-b8bd-5ee48030f2e4.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/07827bf0-bca6-42c1-bf04-a5f85627a05d.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f55f3ba-ce78-42c2-899b-74a3eb53af07.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/502450/73346502450.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/502450/68704502450.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/502450/5024500320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/502450/5024500319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/502450/5024500318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/502450/5024500317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:39:35.673Z.