Ideaforge Technology Ltd

Ideaforge Technology Ltd

₹ 780 7.00%
23 Feb - close price
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.

  • Market Cap 3,346 Cr.
  • Current Price 780
  • High / Low 1,344 / 686
  • Stock P/E 115
  • Book Value 147
  • Dividend Yield 0.00 %
  • ROCE 14.7 %
  • ROE 12.5 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.85%
  • Promoter holding is low: 29.3%
  • Earnings include an other income of Rs.29.3 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

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

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
14 35 159 186 250
26 45 85 138 209
Operating Profit -12 -11 75 48 41
OPM % -88% -31% 47% 26% 17%
2 2 2 10 29
Interest 1 2 19 6 6
Depreciation 3 4 7 12 19
Profit before tax -13 -14 50 41 46
Tax % -0% -1% 12% 22%
-13 -15 44 32 29
EPS in Rs -1,499.44 -1,625.56 4,862.98 14.99 6.07
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 137%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 62%
TTM: -31%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 0 21 42
Reserves 68 60 163 303 590
7 51 16 101 14
5 13 43 63 64
Total Liabilities 80 124 222 488 709
5 13 26 49 85
CWIP 17 14 19 25 5
Investments 12 0 11 125 102
46 97 166 289 518
Total Assets 80 124 222 488 709

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
-16 -31 67 -53
5 -7 -31 -149
1 43 -11 176
Net Cash Flow -11 5 25 -26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 264 250 46 113
Inventory Days 532 451 433 649
Days Payable 40 91 66 87
Cash Conversion Cycle 756 609 413 676
Working Capital Days 882 591 132 379
ROCE % -14% 48% 15%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2023Dec 2023
30.19% 29.34%
2.76% 3.46%
10.15% 6.39%
56.90% 60.80%
No. of Shareholders 87,7351,04,732

* 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