New Delhi, Feb. 20 -- Drones are revolutionising logistics, swiftly moving everything from medical supplies to diagnostic samples across challenging terrain.

Leading Indian drone companies have been at the forefront of this shift, adapting their technology to navigate the country's complex geography and climate. While still nascent, the sector has strong growth momentum and the potential to position India as a global drone hub.

Keeping that in mind, let's go beyond the big names and look at some smaller companies in the drone ecosystem. Here are five small-cap drone stocks for your 2026 watchlist.

Paras Defence and Space Tech (PDSL) is an Indian defence and space engineering company specialising in indigenously designed, developed, and...