Ideaforge Technology Ltd

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

Ideaforge Technology Ltd

₹ 542 1.08%
22 May - close price
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
The company is the leader in India's UAV market, holding a 50% market share. It was the first to develop VTOL hybrid UAVs and high-altitude drones. It is ranked 3rd globally in dual-use drones (civil and defense) in the 2024 Drone Industry Insights Global Drone Review. [1] [2]

Website BSE NSE
  • Market Cap ₹ 2,340 Cr.
  • Current Price ₹ 542
  • High / Low ₹ 864 / 301
  • Stock P/E
  • Book Value ₹ 141
  • Dividend Yield 0.00 %
  • ROCE -9.36 %
  • ROE -9.81 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.84 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 29.2%
  • Company has a low return on equity of 0.86% over last 3 years.
  • Debtor days have increased from 97.3 to 127 days.
  • Working capital days have increased from 405 days to 628 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

Sector: Aerospace & Defence Industry: Engineering

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
99 40 8 39 97 24 91 102 86 37 18 20
44 33 24 37 69 32 71 87 84 53 35 42
Operating Profit 55 7 -16 1 28 -8 20 15 2 -16 -17 -22
OPM % 55% 17% -207% 3% 29% -33% 22% 15% 3% -43% -99% -108%
1 3 2 4 4 15 7 5 6 6 5 4
Interest 0 1 1 3 2 1 0 0 0 1 0 0
Depreciation 3 3 3 3 5 5 6 6 7 7 7 8
Profit before tax 53 6 -18 -0 25 1 20 14 2 -18 -20 -26
Tax % 22% 38% -57% 1,029% 25% 33% 27% 27% 25% -24% 18% 0%
41 4 -8 -5 19 1 15 10 1 -14 -24 -26
EPS in Rs 4,552.98 438.19 -3.73 -2.54 4.95 0.21 3.45 2.41 0.27 -3.19 -5.58 -5.97
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
14 35 159 186 314 161
26 45 85 138 257 214
Operating Profit -12 -11 75 48 57 -53
OPM % -88% -31% 47% 26% 18% -33%
2 2 2 10 30 21
Interest 1 2 19 6 5 2
Depreciation 3 4 7 12 21 29
Profit before tax -13 -14 50 41 61 -62
Tax % 0% 1% 12% 22% 26% -0%
-13 -15 44 32 45 -62
EPS in Rs -1,499.44 -1,625.56 4,862.98 14.99 10.56 -14.46
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 63%
3 Years: 0%
TTM: -49%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -243%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -23%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 1%
Last Year: -10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.09 0.09 0.09 21 43 43
Reserves 68 60 163 303 618 566
7 51 16 101 14 16
5 13 43 63 67 47
Total Liabilities 80 124 222 488 743 672
5 13 26 49 67 193
CWIP 17 14 19 25 54 4
Investments 12 0 11 125 88 120
46 97 166 289 533 355
Total Assets 80 124 222 488 743 672

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-16 -31 67 -53 76 -77
5 -7 -31 -149 -102 -68
1 43 -11 176 189 -8
Net Cash Flow -11 5 25 -26 164 -152

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 264 250 46 113 52 127
Inventory Days 532 451 433 639 222 318
Days Payable 40 91 66 85 36 30
Cash Conversion Cycle 756 609 413 667 237 416
Working Capital Days 882 591 132 379 208 628
ROCE % -14% 48% 15% 11% -9%

Shareholding Pattern

Numbers in percentages

36 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
30.19% 29.34% 29.33% 29.33% 29.23% 29.23% 29.17%
2.76% 3.46% 2.75% 2.92% 3.50% 1.36% 1.56%
10.15% 6.39% 3.76% 3.40% 2.34% 2.48% 1.52%
56.90% 60.80% 64.15% 64.32% 64.92% 66.93% 67.74%
No. of Shareholders 87,7351,04,7321,44,9201,74,2531,79,9201,78,2111,74,302

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls