Ideaforge Technology Ltd
Incorporated in 2007, ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS).[1]
- Market Cap ₹ 2,945 Cr.
- Current Price ₹ 684
- High / Low ₹ 889 / 618
- Stock P/E 108
- Book Value ₹ 154
- Dividend Yield 0.00 %
- ROCE 11.5 %
- ROE 8.84 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 70.5 to 51.6 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 29.2%
- Company has a low return on equity of 13.9% over last 3 years.
- Earnings include an other income of Rs.32.9 Cr.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|
14 | 35 | 159 | 186 | 314 | 303 | |
26 | 45 | 85 | 138 | 257 | 274 | |
Operating Profit | -12 | -11 | 75 | 48 | 57 | 29 |
OPM % | -88% | -31% | 47% | 26% | 18% | 10% |
2 | 2 | 2 | 10 | 30 | 33 | |
Interest | 1 | 2 | 19 | 6 | 5 | 2 |
Depreciation | 3 | 4 | 7 | 12 | 21 | 23 |
Profit before tax | -13 | -14 | 50 | 41 | 61 | 37 |
Tax % | 0% | 1% | 12% | 22% | 26% | |
-13 | -15 | 44 | 32 | 45 | 27 | |
EPS in Rs | -1,499.44 | -1,625.56 | 4,862.98 | 14.99 | 10.56 | 6.34 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 108% |
TTM: | 65% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 71% |
TTM: | 183% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 14% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Equity Capital | 0 | 0 | 0 | 21 | 43 |
Reserves | 68 | 60 | 163 | 303 | 618 |
7 | 51 | 16 | 101 | 14 | |
5 | 13 | 43 | 63 | 67 | |
Total Liabilities | 80 | 124 | 222 | 488 | 743 |
5 | 13 | 26 | 49 | 67 | |
CWIP | 17 | 14 | 19 | 25 | 54 |
Investments | 12 | 0 | 11 | 125 | 88 |
46 | 97 | 166 | 289 | 533 | |
Total Assets | 80 | 124 | 222 | 488 | 743 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
-16 | -31 | 67 | -53 | 76 | |
5 | -7 | -31 | -149 | -102 | |
1 | 43 | -11 | 176 | 189 | |
Net Cash Flow | -11 | 5 | 25 | -26 | 164 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Debtor Days | 264 | 250 | 46 | 113 | 52 |
Inventory Days | 532 | 451 | 433 | 639 | 222 |
Days Payable | 40 | 91 | 66 | 85 | 36 |
Cash Conversion Cycle | 756 | 609 | 413 | 667 | 237 |
Working Capital Days | 882 | 591 | 132 | 379 | 208 |
ROCE % | -14% | 48% | 15% | 11% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Certificate under SEBI regulations for Q3 2024.
- Closure of Trading Window 27 Sep
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 Sep - Management meeting with analysts scheduled for October 4, 2024.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
16 Sep - Allotment of Equity Shares of ideaForge Technology Limited under the ideaForge Employee Stock Option Scheme, 2018.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13 Sep - Virtual meeting with analysts on September 18, 2024.
Concalls
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT REC
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Aug 2023TranscriptNotesPPT
Business Profile[1] The company manufactures Unmanned Aircraft Vehicles for Mapping, Security & Surveillance. These drones are capable of a wide range of mining area planning, and mapping applications.