Ideaforge Technology Ltd

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

Ideaforge Technology Ltd

₹ 644 -0.40%
13 Dec - 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

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.

Website BSE NSE
  • Market Cap ₹ 2,770 Cr.
  • Current Price ₹ 644
  • High / Low ₹ 886 / 535
  • Stock P/E 220
  • Book Value ₹ 152
  • Dividend Yield 0.00 %
  • ROCE 11.5 %
  • ROE 8.84 %
  • Face Value ₹ 10.0
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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.23.8 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

Part of Nifty Total Market BSE Allcap BSE Industrials BSE SmallCap Nifty Microcap 250

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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
14 35 159 186 314 316
26 45 85 138 257 295
Operating Profit -12 -11 75 48 57 21
OPM % -88% -31% 47% 26% 18% 7%
2 2 2 10 30 24
Interest 1 2 19 6 5 2
Depreciation 3 4 7 12 21 25
Profit before tax -13 -14 50 41 61 18
Tax % 0% 1% 12% 22% 26%
-13 -15 44 32 45 13
EPS in Rs -1,499.44 -1,625.56 4,862.98 14.99 10.56 2.94
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 108%
TTM: 89%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 71%
TTM: 93%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -19%
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 Sep 2024
Equity Capital 0.09 0.09 0.09 21 43 43
Reserves 68 60 163 303 618 610
7 51 16 101 14 16
5 13 43 63 67 36
Total Liabilities 80 124 222 488 743 705
5 13 26 49 67 158
CWIP 17 14 19 25 54 1
Investments 12 0 11 125 88 112
46 97 166 289 533 434
Total Assets 80 124 222 488 743 705

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%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
30.19% 29.34% 29.33% 29.33% 29.23%
2.76% 3.46% 2.75% 2.92% 3.50%
10.15% 6.39% 3.76% 3.40% 2.34%
56.90% 60.80% 64.15% 64.32% 64.92%
No. of Shareholders 87,7351,04,7321,44,9201,74,2531,79,920

* 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

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