Ideaforge Technology Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Low debt relative to equity (D/E 0.1x)
Concerns
- Currently loss-making (EPS ₹-23.8)
- Negative return on equity (ROE -3.3%)
- Negative return on capital (ROCE -2.8%)
- Premium to sector peers (P/E 1,038x vs industry 49.8x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹5,017 | ₹3.4L Cr | 36.1 | 8.17 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹409 | ₹3.0L Cr | 48.9 | 12.48 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹478 +1.41% | ₹1.7L Cr | 23.5 | 10.71 | 34 | 35.9 | 0.44 |
| ABB ABB India Limited | ₹7,430 | ₹1.6L Cr | 105 | 16.85 | 22.4 | 29.9 | 0.02 |
| CUMMINSIND Cummins India Limited | ₹5,220 | ₹1.5L Cr | 61.4 | 17.06 | 30.2 | 39.5 | 0 |
| BHEL Bharat Heavy Electricals Limited | ₹420 | ₹1.5L Cr | 60.4 | 5.59 | 6.23 | 9.14 | 0.45 |
| SIEMENS Siemens Limited | ₹3,899 | ₹1.4L Cr | 93.3 | 10.02 | 19.2 | 21.4 | 0.01 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
IDEAFORGE · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 29.34% | 29.33% | 29.33% | 29.23% | 29.23% | 29.17% |
| FII | 3.46% | 2.75% | 2.92% | 3.50% | 1.36% | 1.56% |
| DII | 6.39% | 3.76% | 3.40% | 2.34% | 2.48% | 1.52% |
| Public | 60.80% | 64.15% | 64.32% | 64.92% | 66.93% | 67.74% |
Corporate Events
To consider Fund Raising by ideaForge Technology Limited (the Company)
To consider and approve the financial results for the period ended March 31, 2026
Latest News
All newsIdeaforge hosts investor call with no major announcements
*Ideaforge hosts investor call with no major announcements.* The company conducted an analyst and institutional investor meet, sharing updates via a recorded session available on the NSE. No significant financial or operational disclosures were made. Traders should await concrete developments for price movement. 📊 *STOCKS:* IDEAFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorCall
Ideaforge shares drop 5% on general updates.
*Ideaforge shares fell **5%** following a corporate filing with no major operational updates.* The stock saw increased volatility despite absence of material news. Traders speculated on profit booking after recent run-up. No fundamental triggers were cited in the NSE filing. 📊 *STOCKS:* IDEAFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CapitalMarkets
Ideaforge publishes mandatory newspaper notice
*Ideaforge publishes mandatory newspaper notice* Ideaforge Technology Limited has issued a copy of its newspaper publication as part of regulatory compliance. Such filings are routine and do not indicate operational changes. No financial or strategic developments were disclosed. 📊 *STOCKS:* IDEA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Regulation
Ideaforge publishes mandatory newspaper notice
Ideaforge Technology Limited has published a copy of its newspaper advertisement as part of regulatory compliance. This routine corporate filing does not disclose any financial or operational update. Such notices are standard for company disclosures under listing norms. No immediate market-moving information was revealed. 📊 *STOCKS:* IDEAFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Filing
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹32 Cr 22.0% | ₹41 Cr 215.4% | ₹13 Cr 35.0% | ₹20 Cr 11.1% | ₹18 Cr 51.4% | ₹37 Cr 57.0% | ₹86 Cr 15.7% | ₹102 Cr |
| Op. Profit | ₹-27 Cr 145.5% | ₹-11 Cr 42.1% | ₹-19 Cr 13.6% | ₹-22 Cr 29.4% | ₹-17 Cr 6.3% | ₹-16 Cr 900.0% | ₹2 Cr 86.7% | ₹15 Cr |
| OPM | -84.0% 200.0% | -28.0% 81.2% | -149.0% 38.0% | -108.0% 9.1% | -99.0% 130.2% | -43.0% 1533.3% | 3.0% 80.0% | 15.0% |
| Net Profit | ₹-34 Cr 70.0% | ₹-20 Cr 16.7% | ₹-24 Cr 7.7% | ₹-26 Cr 8.3% | ₹-24 Cr 71.4% | ₹-14 Cr 1500.0% | ₹1 Cr 90.0% | ₹10 Cr |
| EPS (₹) | -7.83 72.5% | -4.54 16.7% | -5.45 8.7% | -5.97 7.0% | -5.58 74.9% | -3.19 1281.5% | 0.27 88.8% | 2.41 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | ₹226 Cr 40.4% | ₹161 Cr 48.7% | ₹314 Cr 68.8% | ₹186 Cr 17.0% | ₹159 Cr 354.3% | ₹35 Cr 150.0% | ₹14 Cr |
| Expenses | ₹221 Cr 3.8% | ₹213 Cr 17.1% | ₹257 Cr 86.2% | ₹138 Cr 62.4% | ₹85 Cr 88.9% | ₹45 Cr 73.1% | ₹26 Cr |
| Op. Profit | ₹5 Cr 109.6% | ₹-52 Cr 191.2% | ₹57 Cr 18.8% | ₹48 Cr 36.0% | ₹75 Cr 781.8% | ₹-11 Cr 8.3% | ₹-12 Cr |
| OPM | 2.0% 106.3% | -32.0% 277.8% | 18.0% 30.8% | 26.0% 44.7% | 47.0% 251.6% | -31.0% 64.8% | -88.0% |
| Other Income | ₹22 Cr 4.8% | ₹21 Cr 30.0% | ₹30 Cr 200.0% | ₹10 Cr 400.0% | ₹2 Cr 0.0% | ₹2 Cr 0.0% | ₹2 Cr |
| Interest | ₹4 Cr 100.0% | ₹2 Cr 60.0% | ₹5 Cr 16.7% | ₹6 Cr 68.4% | ₹19 Cr 850.0% | ₹2 Cr 100.0% | ₹1 Cr |
| Depreciation | ₹43 Cr 48.3% | ₹29 Cr 38.1% | ₹21 Cr 75.0% | ₹12 Cr 71.4% | ₹7 Cr 75.0% | ₹4 Cr 33.3% | ₹3 Cr |
| PBT | ₹-20 Cr 67.7% | ₹-62 Cr 201.6% | ₹61 Cr 48.8% | ₹41 Cr 18.0% | ₹50 Cr 457.1% | ₹-14 Cr 7.7% | ₹-13 Cr |
| Tax % | -15.0% | 0.0% 100.0% | 26.0% 18.2% | 22.0% 83.3% | 12.0% 1100.0% | 1.0% | 0.0% |
| Net Profit | ₹-17 Cr 72.6% | ₹-62 Cr 237.8% | ₹45 Cr 40.6% | ₹32 Cr 27.3% | ₹44 Cr 393.3% | ₹-15 Cr 15.4% | ₹-13 Cr |
| EPS (₹) | -3.94 72.8% | -14.46 236.9% | 10.56 29.6% | 14.99 99.7% | 4,862.98 399.2% | -1,625.56 8.4% | -1,499.44 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||
| Equity Capital | ₹43 Cr 0.0% | ₹43 Cr 0.0% | ₹43 Cr 0.0% | ₹43 Cr 104.8% | ₹21 Cr 23233.3% | ₹0.09 Cr 0.0% | ₹0.09 Cr 0.0% | ₹0.09 Cr |
| Reserves | ₹556 Cr 5.7% | ₹526 Cr 7.1% | ₹566 Cr 8.4% | ₹618 Cr 104.0% | ₹303 Cr 85.9% | ₹163 Cr 171.7% | ₹60 Cr 11.8% | ₹68 Cr |
| Borrowings | ₹84 Cr 95.3% | ₹43 Cr 168.8% | ₹16 Cr 14.3% | ₹14 Cr 86.1% | ₹101 Cr 531.3% | ₹16 Cr 68.6% | ₹51 Cr 628.6% | ₹7 Cr |
| Other Liabilities | ₹116 Cr 50.6% | ₹77 Cr 63.8% | ₹47 Cr 29.9% | ₹67 Cr 6.3% | ₹63 Cr 46.5% | ₹43 Cr 230.8% | ₹13 Cr 160.0% | ₹5 Cr |
| Total Liabilities | ₹799 Cr 16.0% | ₹689 Cr 2.5% | ₹672 Cr 9.6% | ₹743 Cr 52.3% | ₹488 Cr 119.8% | ₹222 Cr 79.0% | ₹124 Cr 55.0% | ₹80 Cr |
Assets | ||||||||
| Fixed Assets | ₹247 Cr 14.9% | ₹215 Cr 121.6% | ₹97 Cr 44.8% | ₹67 Cr 36.7% | ₹49 Cr 88.5% | ₹26 Cr 100.0% | ₹13 Cr 160.0% | ₹5 Cr |
| CWIP | ₹0 Cr 100.0% | ₹4 Cr 96.0% | ₹100 Cr 85.2% | ₹54 Cr 116.0% | ₹25 Cr 31.6% | ₹19 Cr 35.7% | ₹14 Cr 17.6% | ₹17 Cr |
| Investments | ₹105 Cr 14.6% | ₹123 Cr 2.5% | ₹120 Cr 36.4% | ₹88 Cr 29.6% | ₹125 Cr 1036.4% | ₹11 Cr | ₹0 Cr 100.0% | ₹12 Cr |
| Other Assets | ₹446 Cr 28.5% | ₹347 Cr 2.3% | ₹355 Cr 33.4% | ₹533 Cr 84.4% | ₹289 Cr 74.1% | ₹166 Cr 71.1% | ₹97 Cr 110.9% | ₹46 Cr |
| Total Assets | ₹799 Cr 16.0% | ₹689 Cr 2.5% | ₹672 Cr 9.6% | ₹743 Cr 52.3% | ₹488 Cr 119.8% | ₹222 Cr 79.0% | ₹124 Cr 55.0% | ₹80 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Operating CF | ₹-63 Cr 18.2% | ₹-77 Cr 201.3% | ₹76 Cr 243.4% | ₹-53 Cr 179.1% | ₹67 Cr 316.1% | ₹-31 Cr 93.8% | ₹-16 Cr |
| Investing CF | ₹15 Cr 122.1% | ₹-68 Cr 33.3% | ₹-102 Cr 31.5% | ₹-149 Cr 380.6% | ₹-31 Cr 342.9% | ₹-7 Cr 240.0% | ₹5 Cr |
| Financing CF | ₹61 Cr 862.5% | ₹-8 Cr 104.2% | ₹189 Cr 7.4% | ₹176 Cr 1700.0% | ₹-11 Cr 125.6% | ₹43 Cr 4200.0% | ₹1 Cr |
| Net Cash Flow | ₹13 Cr 108.6% | ₹-152 Cr 192.7% | ₹164 Cr 730.8% | ₹-26 Cr 204.0% | ₹25 Cr 400.0% | ₹5 Cr 145.5% | ₹-11 Cr |
| Free Cash Flow | ₹-152 Cr 7.3% | ₹-164 Cr 1922.2% | ₹9 Cr 110.5% | ₹-86 Cr 262.3% | ₹53 Cr 232.5% | ₹-40 Cr 53.8% | ₹-26 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 204d 60.6% | 127d 144.2% | 52d 54.0% | 113d 145.7% | 46d 81.6% | 250d 5.3% | 264d |
| Inventory Days | 550d 76.3% | 312d 40.5% | 222d 65.3% | 639d 47.6% | 433d 4.0% | 451d 15.2% | 532d |
| Days Payable | 157d 441.4% | 29d 19.4% | 36d 57.6% | 85d 28.8% | 66d 27.5% | 91d 127.5% | 40d |
| Cash Conv. Cycle | 597d 45.6% | 410d 73.0% | 237d 64.5% | 667d 61.5% | 413d 32.2% | 609d 19.4% | 756d |
| Working Capital Days | 419d 4.0% | 403d 98.5% | 203d 0.0% | 203d 75.0% | 116d 74.3% | 452d 37.5% | 723d |
| ROCE | -2.0% 80.0% | -10.0% 190.9% | 11.0% 26.7% | 15.0% 68.8% | 48.0% 442.9% | -14.0% | — |
Source: Screener.in · Lower days = better efficiency
About Ideaforge Technology Limited
Incorporated in 2007, ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS).[1]
Capital GoodsAerospace & Defense