IDEAFORGE

Ideaforge Technology Ltd.

NSE: IDEAFORGE

BSE: 543932

Sector: Capital Goods

Industry Group: Aerospace & Defense

Industry: Aerospace & Defense

775.20+9.7 (+1.27%)

8 Sep, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

2.6 / 100

Value Score

4.6 / 100

Price Momentum Score

84.7 / 100

QVM Score

13.0 / 100

Key Metrics

Market Cap

3853.44

P/E (TTM)

978.78

P/B

6.43

P/S (TTM)

13.67

EV/EBITDA

146.14

CAPE (5Y)

362.48

ROE (TTM)

-2.82

ROCE (TTM)

-1.60

ROA (TTM)

-2.32

Avg 3Y ROE

-1.15

Earnings 3Y CAGR

-35.87

Sales 3Y CAGR

6.73

Sales 5Y CAGR

45.47

Debt/Equity

0.14

Consensus TP

905.00

Strong Buy %

Promoter Holding

28.96

Pledged %

2.95

Stock Analysis

Fundamental analysis overview of Ideaforge Technology Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 84.7 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

84.7 / 100

Strong revenue growth and above median growth of industry

The company delivered strong revenue growth of 221.1% for 12-month ended 30 Jun 2026 and the growth was 204.23 percentage points higher than median growth of industry

What is Sales growth (1Y)?

Median: 16.87

Value 221.1

-46.54221.1

Strong EPS growth and above median growth of industry

The company delivered strong EPS growth of 72.93% for 12-month ended 30 Jun 2026 and the growth was 59.73 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.14 as on 30 Jun 2026 and Debt to Equity increased marginally by 0.11 in the last 1 year

What is Debt to Equity?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 978.78 indicates that the stock is expensive on a standalone basis and is at a 1013.64% premium to industry median P/E

What is P/E Ratio?

Median: 87.89

Value 978.78

19.33978.78

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -62.21% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

Low ROE but improving trend

The company reported low ROE of -2.82% for 12-month ended 30 Jun 2026 but ROE improved by 698 bps from 1 year ago

What is ROE (FY)?

Low operating margin but improving trend

The company reported low operating margin of -7.54% for 12-month ended 30 Jun 2026 but operating margin improved by 11401 bps from 1 year ago

What is Operating profit margin?

Company's earnings are of moderate quality

Earnings quality score of 58.6 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

58.6 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Ideaforge Technology Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Ideaforge Technology Ltd. Shareholding Pattern

Quarterly breakdown of Ideaforge Technology Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2013	Sep 2014	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	0.00	0.00	30.19	29.34	29.33	29.33	29.23	29.23	29.17	29.10	28.97	28.97	29.04	28.96
Indian Promoter	0.00	0.00	25.58	24.86	24.85	24.85	24.77	24.77	24.74	24.68	24.57	24.57	24.63	24.56
Foreign Promoter	0.00	0.00	4.61	4.48	4.48	4.48	4.46	4.46	4.43	4.42	4.40	4.40	4.41	4.40
Institutions	0.00	0.00	12.92	9.85	6.51	6.32	5.85	3.84	3.08	2.11	1.73	1.68	2.23	7.58
Mutual Funds / UTI	0.00	0.00	7.16	4.55	3.09	2.78	1.82	1.96	1.02	1.02	1.02	1.02	1.03	1.81
FI/Bank/Insurance	0.00	0.00	2.24	1.32	0.67	0.62	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47
Govt	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	2.76	3.46	2.75	2.92	3.50	1.36	1.56	0.60	0.25	0.20	0.73	4.89
Other Institutions	0.00	0.00	0.75	0.52	0.00	0.00	0.05	0.05	0.03	0.02	0.00	0.00	0.00	0.41
Non-Institution	100.00	100.00	56.89	60.80	64.15	64.33	64.92	66.92	67.75	68.80	69.30	69.36	68.73	63.46
Bodies Corporate	0.00	0.00	7.83	7.65	6.29	6.48	6.63	6.58	6.77	6.43	5.26	6.47	6.31	5.45
Others (incl. Retail) No. of shareholders	100.00 0	100.00 0	49.06 87,469	53.15 1,04,448	57.86 1,44,592	57.85 1,73,826	58.29 1,79,492	60.34 1,77,796	60.98 1,73,920	62.37 1,92,325	64.04 1,88,631	62.89 1,84,342	62.42 1,82,960	58.01 1,65,233

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Aerospace & Defense	2.99%	15 / 17

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Ideaforge Technology Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
Somil Gautam Employee	December-2025	Market Sale (Disposal) 2nd Dec 2025	0.05 %	₹ 458.84	5.00 k	₹ 22.94 lac
Mathew Cyriac Director	November-2025	Market Sale (Disposal) 17th Nov 2025	0.93 %	₹ 462.88	4.03 lac	₹ 18.67 cr
Sunil Jha Designated Person	September-2025	Market Sale (Disposal) 1st Sep 2025	0.01 %	₹ 500.65	1.71 k	₹ 8.58 lac
Ezhilan Nanmaran Designated Person	July-2025	Market Sale (Disposal) 1st Jul 2025	0.05 %	₹ 589.02	10.40 k	₹ 61.23 lac
Ravi Bhagavatula Promoter Group	January-2025	Market Sale (Disposal) 2nd Jan 2025	2.47 %	₹ 581.33	11.20 k	₹ 65.11 lac
Vipul Joshi KMP	November-2024	Off Market (Disposal) 11th Nov 2024	4.32 %	₹ 621.00	6.50 k	₹ 40.37 lac
Vipul Joshi KMP	November-2024	Off Market (Disposal) 11th Nov 2024	4.30 %	₹ 621.00	280.00	₹ 1.74 lac
Mr. Ganapathy Subramaniam Director	February-2024	Market Sale (Disposal) 28th Feb 2024	2.14 %	₹ 856.80	4.86 k	₹ 41.62 lac
Mr. Ganapathy Subramaniam Director	February-2024	Market Sale (Disposal) 28th Feb 2024	2.38 %	₹ 841.56	1.00 lac	₹ 8.42 cr
Mr. Vipul Joshi KMP	February-2024	Market Sale (Disposal) 26th Feb 2024	4.59 %	₹ 762.10	54.00 k	₹ 4.12 cr

No corporate action data available.

Company Profile

Overview of Ideaforge Technology Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

ideaForge Technology Limited is an India-based company operating under the unmanned aircraft systems (UAS) market. It is engaged in manufacturing and marketing unmanned aerial vehicles (UAVs) used for security and surveillance. Its UAV product portfolio includes Q6 V2 GEO, NETRA 5, SWITCH V2, ZOLT, ...

Key personnel

Mr. Nilesh Ranjan Jaywant

Compliance Officer, Company Secretary

Mr. Vishal Saxena

Vice President - Sales and Business Development

Mr. Srikanth VelamakanniD

Independent Chairman of the Board

Mr. Ankit MehtaD

Chief Executive Officer, Whole-Time Director

Mr. Vipul JoshiD

Chief Financial Officer, Whole-Time Director

Mr. Rahul SinghD

Vice President - Engineering, Whole-Time Director

Mr. Ashish BhatD

Vice President - Research and Development, Whole-Time Director

Mr. Mathew CyriacD

Non-Executive Nominee Director

View all

Incorporated on

08 Feb 2007

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

536

IPO date

07 Jul 2023

Free Float

2,78,44,273

Website

https://ideaforgetech.com/

Phone no.

+918447612778

Address

EL-146 TTC Industrial Area,, Electronic Zone, MIDC Mahape, NAVI MUMBAI, 400710, India

Frequently Asked Questions

What is the current share price of Ideaforge Technology Ltd.?

The current share price of Ideaforge Technology Ltd. is ₹ 775.20 as of 8 Sep 2026.

What is the market capitalisation of Ideaforge Technology Ltd.?

The market capitalisation of Ideaforge Technology Ltd. stands at ₹ 3,853.44 Cr.

What is the PE ratio of Ideaforge Technology Ltd.?

The Price-to-Earnings (PE) ratio of Ideaforge Technology Ltd. is 978.78 as of the latest trailing twelve months data.

What is the ROE and ROCE of Ideaforge Technology Ltd.?

Ideaforge Technology Ltd. has a Return on Equity (ROE) of -2.82% and a Return on Capital Employed (ROCE) of -1.60% as per the latest financial reports.

What is the 52-week high and low of Ideaforge Technology Ltd.?

The 52-week high of Ideaforge Technology Ltd. is - and the 52-week low is -.

What is the dividend yield of Ideaforge Technology Ltd.?

The dividend yield of Ideaforge Technology Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in Ideaforge Technology Ltd.?

Foreign Institutional Investors (FII) hold 4.89%, Domestic Institutional Investors (DII) hold 2.28% and retail/public investors hold 58.01% of Ideaforge Technology Ltd. shares.

What sector does Ideaforge Technology Ltd. belong to?

Ideaforge Technology Ltd. operates in the Capital Goods sector.

What is the beta of Ideaforge Technology Ltd.?

The beta of Ideaforge Technology Ltd. is 1.24, indicating its price volatility relative to the broader market. Over the past 1 year, Ideaforge Technology Ltd. has delivered an absolute return of 52.13%.

What is the RSI of Ideaforge Technology Ltd.?

The 14-day Relative Strength Index (RSI) of Ideaforge Technology Ltd. is 40.35, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Ideaforge Technology Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Ideaforge Technology Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Company Profile

Frequently Asked Questions

Stock Analysis

Holdings and Presence

Company Profile