Innovision Limited, a micro-cap stock with a market capitalization of Rs. 690 crore, is pivoting from its legacy manpower and toll management business into AI-enabled surveillance and drone manufacturing. Over 80% of the company's revenue is tied to government contracts, providing stable cash flows. The company operates across 23 states and 5 Union Territories, with a workforce of over 14,000 people deployed across more than 1,000+ active project sites. It manages 23 active NHAI toll plazas across seven states and has an order book of over ₹800 crore for FY27. Its shares were trading at Rs. 290 per share, with a 52-week range of Rs. 470 to Rs. 280, and a P/E of approximately 19x. The new drone and AI surveillance segments could carry margins several times higher than its legacy business.