Ideaforge Technology Ltd

Ideaforge Tech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ideaforge Technology Ltd

₹ 852 -5.00%
11 Aug 9:29 a.m.
ideaforgetech.com BSE: 543932 NSE: IDEAFORGE
About

Incorporated in 2007, ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS).[1]

Key Points

Market Leadership[1]
The company is the leader in India's UAV market. It was the first to develop VTOL hybrid UAVs and high-altitude drones. It ranks 3rd globally for dual-use drones (civil and defense).

Website BSE NSE - BE
  • Market Cap ₹ 4,232 Cr.
  • Current Price ₹ 852
  • High / Low ₹ 997 / 366
  • Stock P/E 1,077
  • Book Value ₹ 138
  • Dividend Yield 0.00 %
  • ROCE -2.81 %
  • ROE -3.34 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 6.49 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -3.78%
  • Promoter holding is low: 25.3%
  • Company has a low return on equity of -2.42% over last 3 years.
  • Earnings include an other income of Rs.20.3 Cr.
  • Company has high debtors of 204 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Aerospace & Defense Aerospace & Defense

Part of BSE Industrials BSE 1000 BSE India Defence

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
97.07 23.73 90.90 102.30 86.19 37.10 17.61 20.31 12.78 40.76 31.55 141.04 68.59
68.57 31.59 71.32 87.41 83.73 52.93 35.08 42.16 31.86 52.04 58.08 79.33 66.26
Operating Profit 28.50 -7.86 19.58 14.89 2.46 -15.83 -17.47 -21.85 -19.08 -11.28 -26.53 61.71 2.33
OPM % 29.36% -33.12% 21.54% 14.56% 2.85% -42.67% -99.20% -107.58% -149.30% -27.67% -84.09% 43.75% 3.40%
3.54 14.91 6.61 5.36 6.00 5.84 4.89 4.43 3.94 3.29 2.61 12.45 1.95
Interest 2.31 0.69 0.37 0.29 0.27 0.78 0.23 0.25 0.37 0.92 1.05 1.64 2.04
Depreciation 4.66 5.02 5.67 5.82 6.62 7.22 7.47 8.03 9.78 10.55 10.97 11.78 14.21
Profit before tax 25.07 1.34 20.15 14.14 1.57 -17.99 -20.28 -25.70 -25.29 -19.46 -35.94 60.74 -11.97
Tax % 24.73% 32.84% 26.55% 26.87% 25.48% -23.74% 18.44% 0.08% -6.88% 0.82% -5.79% 1.23% -78.28%
18.86 0.89 14.80 10.33 1.17 -13.73 -24.02 -25.71 -23.56 -19.62 -33.85 59.99 -2.59
EPS in Rs 4.95 0.21 3.45 2.41 0.27 -3.19 -5.58 -5.97 -5.45 -4.54 -7.83 13.86 -0.60
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
14 35 159 186 314 161 226 282
26 45 85 138 257 213 220 256
Operating Profit -12 -11 75 48 57 -52 6 26
OPM % -88% -31% 47% 26% 18% -32% 2.6% 9%
2 2 2 10 30 21 22 20
Interest 1 2 19 6 5 2 5 6
Depreciation 3 4 7 12 21 29 43 48
Profit before tax -13 -14 50 41 61 -62 -20 -7
Tax % 0% 1% 12% 22% 26% -0% -15%
-13 -15 44 32 45 -62 -17 4
EPS in Rs -1,499.44 -1,625.56 4,862.98 14.99 10.56 -14.46 -3.94 0.89
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 45%
3 Years: 7%
TTM: 221%
Compounded Profit Growth
10 Years: %
5 Years: -9%
3 Years: %
TTM: 105%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -3%
1 Year: 96%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: -2%
Last Year: -3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.09 0.09 0.09 21 43 43 43
Reserves 68 60 163 303 618 566 556
7 51 16 101 14 16 84
5 13 43 63 67 47 116
Total Liabilities 80 124 222 488 743 672 799
5 13 26 49 67 97 138
CWIP 17 14 19 25 54 100 110
Investments 12 0 11 125 88 120 105
46 97 166 289 533 355 446
Total Assets 80 124 222 488 743 672 799

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-16 -31 67 -53 76 -77 -63
5 -7 -31 -149 -102 -68 16
1 43 -11 176 189 -8 61
Net Cash Flow -11 5 25 -26 164 -152 14
Free Cash Flow -26 -40 53 -86 9 -164 -152
CFO/OP 130% 291% 99% -97% 171% 144% -1,101%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 264 250 46 113 52 127 204
Inventory Days 532 451 433 639 222 312 536
Days Payable 40 91 66 85 36 29 153
Cash Conversion Cycle 756 609 413 667 237 410 587
Working Capital Days 723 452 116 203 203 403 308
ROCE % -14% 48% 15% 11% -10% -3%

Insights

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Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Annual Customer Flights
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Defence Revenue Mix
%
Order Book Position
INR Mn
Cumulative Customer Flights
flights
Total Patents (Granted + Pending)
patents

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
29.34% 29.33% 29.33% 29.23% 29.23% 29.17% 29.10% 28.97% 28.97% 29.04% 28.96% 25.26%
3.46% 2.75% 2.92% 3.50% 1.36% 1.56% 0.60% 0.25% 0.20% 0.73% 4.89% 8.27%
6.39% 3.76% 3.40% 2.34% 2.48% 1.52% 1.51% 1.49% 1.49% 1.50% 2.69% 10.98%
60.80% 64.15% 64.32% 64.92% 66.93% 67.74% 68.81% 69.31% 69.36% 68.75% 63.46% 55.49%
No. of Shareholders 1,04,7321,44,9201,74,2531,79,9201,78,2111,74,3021,92,7541,89,0301,84,7351,83,3391,65,6751,64,872

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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