Dhaksha Unmanned Systems, a subsidiary of Coromandel International, has opened a new drone manufacturing plant in Kancheepuram. The company also launched two new agricultural drone models, the E10 Prime and E10 Eco, to expand its footprint in agriculture and defense. Investors are monitoring the company’s stock performance as the firm seeks to scale its technology business.
Dhaksha Unmanned Systems, a key subsidiary of the fertilizer and agri-tech major Coromandel International, has officially opened a new drone manufacturing facility in Kancheepuram, Tamil Nadu. This move is part of the company's push to strengthen its presence in the Indian drone technology sector. Alongside the facility opening, the company launched two new agricultural drone models, the DH Agrigator E10 Prime and the DH Agrigator E10 Eco.
For investors, this expansion is a significant step in Coromandel International’s strategy to diversify beyond its traditional fertilizer business. By moving into the Unmanned Aerial Vehicle (UAV) space, the company is looking to tap into the growing demand for drone technology in both farming and defense sectors. The new facility includes a dedicated production line specifically for defense applications, such as surveillance and logistics, which could open new revenue streams for the parent company.
The scale of Coromandel International remains substantial, with the company reporting a turnover of ₹31,827 crore for the 2025-26 fiscal year. While the drone business is a smaller part of the overall group today, the investment in local manufacturing indicates a long-term goal to build indigenous technology capabilities.
However, investors should be aware of the risks involved in this venture. The drone manufacturing business is capital-intensive, requiring steady investment in research and development to keep up with rapid technological changes. Furthermore, the sector is heavily regulated by the Directorate General of Civil Aviation and other agencies. Changes in flying permissions, safety standards, or government policy on drone usage could directly impact operations. Additionally, the company faces stiff competition from other players in the drone market, and success will depend on its ability to win government or commercial orders and execute them efficiently without cost overruns.
On the market front, Coromandel International’s stock has faced pressure recently. As of August 24, 2026, the stock was trading with a downward movement of approximately 3.48% during the trading session. Over the past 12 months, the share price has declined by about 19.64%, reflecting broader market sentiment and sector-specific challenges.
The key for investors will be to track how effectively Dhaksha Unmanned Systems scales its production and whether the new agricultural drones see strong adoption by farmers and service providers. Monitoring future order book updates and management commentary regarding the profitability of the drone division will be important for understanding how this segment contributes to the company's bottom line in the coming quarters.