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ideaForge Technology Ltd

IDEAFORGE

ideaForge Technology Ltd

IDEAFORGE
IndustrialsAerospace & Defense Equipments
SmallcapWith a market cap of ₹2,566 cr, stock is ranked 1,034
Moderate RiskStock is 2.87x as volatile as Nifty
599.300.47% (+2.80)
599.300.47% (+2.80)

Price Chart

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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsAerospace & Defense Equipments
SmallcapWith a market cap of ₹2,566 cr, stock is ranked 1,034
Moderate RiskStock is 2.87x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsAerospace & Defense Equipments
SmallcapWith a market cap of ₹2,566 cr, stock is ranked 1,034
Moderate RiskStock is 2.87x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
203.883.89
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
50.527.170.54%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 1 analyst

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Ideaforge Technology Private Ltd is engaged in the business of manufacture and marketing of unmanned aerial vehicle (UAV) systems which are used for security and surveillance.

Investor Presentation

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Oct 28, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

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Financial YearFY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue16.3236.34161.45196.41344.41340.29
Raw Materialssubtract8.6122.7551.3996.67151.16295.38
Power & Fuel Costsubtract0.200.070.200.591.18
Employee Costsubtract19.7525.8435.7166.9390.60
Selling & Administrative Expensessubtract4.955.0310.4721.8539.04
Operating & Other expensessubtract-7.13-8.37-12.88-48.11-24.52
Depreciation/Amortizationsubtract2.783.587.2811.8621.1725.33
Interest & Other Itemssubtract0.601.9319.105.814.701.71
Taxes & Other Itemssubtract0.010.126.178.8115.805.28
EPS-6.55-7.1921.8415.4114.102.94
DPS0.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2024

Annual report

PDF

Investor Presentation

Aug 9PDF
Aug 8PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 28PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsAerospace & Defense Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
ideaForge Technology Ltd56.693.89
Hindustan Aeronautics Ltd39.6510.370.77%
Bharat Dynamics Ltd68.9311.610.46%
Data Patterns (India) Ltd77.6710.660.26%

Price Comparison

Compare IDEAFORGE with any stock or ETF
Compare IDEAFORGE with any stock or ETF
IDEAFORGE
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding29.23%1.82%0.64%3.50%64.80%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JulSepDec '23MarJunSep4.79%2.76%3.47%2.75%2.93%3.50%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding ideaForge Technology Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Defence Fund - Growth - Direct Plan

Growth
0.7102%0.44%-0.16%22/24 (-2)
Motilal Oswal Nifty India Defence Index Fund - Growth - Direct Plan

Growth
0.5968%0.72%0.04%16/18 (0)
Axis Innovation Fund - Growth - Direct Plan

Growth
0.2724%0.57%-0.14%86/108 (-10)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

IDEAFORGE has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Dividends

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News & Opinions
Corporate
IdeaForge Technology allots 2,608 equity shares under ESOS

IdeaForge Technology has allotted 2,608 equity shares under ESOS on 11 November 2024. Post allotment, the paid up equity share capital has increased to Rs. 43,03,28,940/- comprising of 4,30,32,894 equity shares of Rs. 10/- each fully paid ' up. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Ideaforge Tech tumbles after recording net loss of Rs 14 cr in Q2

Revenue from operations increased 56.34% YoY to Rs 37.10 crore in Q2 FY25. The pre-tax loss stood at Rs 17.99 crore during the quarter as compared with pre-tax pofit of Rs 1.33 crore in Q2 FY24. The manufacturer of Unmanned Aircraft Systems (UAS) reported negative EBITDA of Rs 99.9 crore in Q2 FY25 as compared with positive EBITDA of Rs 70.5 crore posted in same quarter last year. EBITDA margins declined 26.9% in Q2 FY25 as against 29.7% in Q2 FY24. Ankit Mehta, CEO, said, 'Our long-term efforts of pushing indigenisation and elimination of the use of critical sub-systems from geographies of concern are fructifying, and customers are actively thinking of looking under the hood to ensure there are no vulnerabilities due to the wrong country of origin. We continue our efforts in the new technology and product development and are making substantial progress on this front with a few early field tests and demos already underway. We filed six new patents in this quarter and two of our patents were granted as well, taking our global portfolio to 78 patents. Our paid PoCs for Drone-as-a-Service (DaaS) even for enterprise customers are proving helpful in providing us invaluable insights to make it robust and effective. On the international front, due to our increased presence in the US, we are also witnessing interest in our products and solutions from across the globe, and we are working diligently on these opportunities. There has been a shift in the timeline for progress in large opportunities due to the reduced pace of capex spending by the government, and we are tracking those opportunities closely.' Ideaforge Technology (ideaForge) is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market. It had the largest operational deployment of indigenous UAVs across India.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Ideaforge Technology reports consolidated net loss of Rs 13.73 crore in the September 2024 quarter

Net loss of Ideaforge Technology reported to Rs 13.73 crore in the quarter ended September 2024 as against net profit of Rs 0.89 crore during the previous quarter ended September 2023. Sales rose 56.34% to Rs 37.10 crore in the quarter ended September 2024 as against Rs 23.73 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales37.1023.73 56 OPM %-42.67-33.12 - PBDT-10.776.36 PL PBT-18.001.33 PL NP-13.730.89 PL Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ideaforge Technology to hold board meeting

Ideaforge Technology will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
ideaForge Technology allots 1,450 equity shares under ESOP

ideaForge Technology has allotted 1,450 equity shares under ESOP on 14 October 2024. Post allotment, the paid up equity share capital has increased from 43,02,88,360/- comprising of 4,30,28,836 equity shares of Rs. 10/- each fully paid-up to Rs. 43,03,02,860/- comprising of 4,30,30,286 equity shares of Rs. 10/- each fully paid - up.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
IdeaForge Technology allots 3,936 equity shares under ESOS

IdeaForge Technology has allotted 3,936 equity shares under ESOS on 16 September 2024. Post allotment, the paid-up capital of the Company stands increased from Rs. 43,02,49,000/- comprising of 4,30,24,900 equity shares of Rs. 10/- each fully paid-up to Rs. 43,02,88,360/- comprising of 4,30,28,836 equity shares of Rs. 10/- each fully paid - up.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Ideaforge Technology allots 38,946 equity shares under ESOP

Ideaforge Technology has allotted 38,946 equity shares under ESOP on 13 August 2024. Post allotment, the paid-up capital of the Company stands increased from Rs. 42,98,59,540/- comprising of 4,29,85,954 equity shares of Rs. 10/- each fully paid-up to Rs. 43,02,49,000/- comprising of 4,30,24,900 equity shares of Rs. 10/- each fully paid - up.Powered by Capital Market - Live

3 months agoCapital Market - Live

Ideaforge Technology Ltd leads losers in ‘B’ group

4 months agoBusiness Standard
Spotlight
Ideaforge Technology Ltd leads losers in 'B' group

NDL Ventures Ltd, Forbes Precision Tools & Machine Parts Ltd, Asian Hotels (East) Ltd and Wardwizard Innovations & Mobility Ltd are among the other losers in the BSE's 'B' group today, 30 July 2024.Ideaforge Technology Ltd crashed 11.50% to Rs 759.1 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 2.8 lakh shares were traded on the counter so far as against the average daily volumes of 87846 shares in the past one month.NDL Ventures Ltd lost 9.81% to Rs 110. The stock was the second biggest loser in 'B' group.On the BSE, 35294 shares were traded on the counter so far as against the average daily volumes of 10443 shares in the past one month.Forbes Precision Tools & Machine Parts Ltd tumbled 6.97% to Rs 365. The stock was the third biggest loser in 'B' group.On the BSE, 1.32 lakh shares were traded on the counter so far as against the average daily volumes of 72294 shares in the past one month.Asian Hotels (East) Ltd plummeted 6.45% to Rs 129. The stock was the fourth biggest loser in 'B' group.On the BSE, 7801 shares were traded on the counter so far as against the average daily volumes of 3142 shares in the past one month.Wardwizard Innovations & Mobility Ltd slipped 5.88% to Rs 57.96. The stock was the fifth biggest loser in 'B' group.On the BSE, 26.18 lakh shares were traded on the counter so far as against the average daily volumes of 16.17 lakh shares in the past one month.Powered by Capital Market - Live

4 months agoCapital Market - Live
Earnings
Ideaforge Technology consolidated net profit declines 93.80% in the June 2024 quarter

Net profit of Ideaforge Technology declined 93.80% to Rs 1.17 crore in the quarter ended June 2024 as against Rs 18.86 crore during the previous quarter ended June 2023. Sales declined 11.21% to Rs 86.19 crore in the quarter ended June 2024 as against Rs 97.07 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales86.1997.07 -11 OPM %2.8529.35 - PBDT8.1929.73 -72 PBT1.5725.07 -94 NP1.1718.86 -94 Powered by Capital Market - Live

4 months agoCapital Market - Live