ideaForge Technology Ltd
IDEAFORGEideaForge Technology Ltd
IDEAFORGEPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
203.88 | 3.89 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
50.51 | 7.17 | 0.54% |
Forecast & Ratings
Detailed Forecast from 1 analyst
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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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Compare with peersHindustan Aeronautics Ltd
Bharat Dynamics Ltd
Data Patterns (India) Ltd
Paras Defence and Space Technologies Ltd
Taneja Aerospace and Aviation Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 16.32 | 36.34 | 161.45 | 196.41 | 344.41 | 340.29 | ||||||
Raw Materials | 8.61 | 22.75 | 51.39 | 96.67 | 151.16 | 295.38 | ||||||
Power & Fuel Cost | 0.20 | 0.07 | 0.20 | 0.59 | 1.18 | |||||||
Employee Cost | 19.75 | 25.84 | 35.71 | 66.93 | 90.60 | |||||||
Selling & Administrative Expenses | 4.95 | 5.03 | 10.47 | 21.85 | 39.04 | |||||||
Operating & Other expenses | -7.13 | -8.37 | -12.88 | -48.11 | -24.52 | |||||||
EBITDA | -10.06 | -8.98 | 76.56 | 58.48 | 86.95 | 44.91 | ||||||
Depreciation/Amortization | 2.78 | 3.58 | 7.28 | 11.86 | 21.17 | 25.33 | ||||||
PBIT | -12.84 | -12.56 | 69.28 | 46.62 | 65.78 | 19.58 | ||||||
Interest & Other Items | 0.60 | 1.93 | 19.10 | 5.81 | 4.70 | 1.71 | ||||||
PBT | -13.44 | -14.49 | 50.18 | 40.81 | 61.08 | 17.87 | ||||||
Taxes & Other Items | 0.01 | 0.12 | 6.17 | 8.81 | 15.80 | 5.28 | ||||||
Net Income | -13.45 | -14.61 | 44.01 | 32.00 | 45.28 | 12.59 | ||||||
EPS | -6.55 | -7.19 | 21.84 | 15.41 | 14.10 | 2.94 | ||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Peers & Comparison
IndustrialsAerospace & Defense Equipments
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
ideaForge Technology Ltd | 56.69 | 3.89 | — |
Hindustan Aeronautics Ltd | 39.65 | 10.37 | 0.77% |
Bharat Dynamics Ltd | 68.93 | 11.61 | 0.46% |
Data Patterns (India) Ltd | 77.67 | 10.66 | 0.26% |
Price Comparison
Compare IDEAFORGE with any stock or ETFShareholdings
Promoter Holdings Trend
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HDFC Defence Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7102% | Percentage of the fund’s portfolio invested in the stock 0.44% | Change in the portfolio weight of the stock over the last 3 months -0.16% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 22/24 (-2) |
Motilal Oswal Nifty India Defence Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5968% | Percentage of the fund’s portfolio invested in the stock 0.72% | Change in the portfolio weight of the stock over the last 3 months 0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 16/18 (0) |
Axis Innovation Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2724% | Percentage of the fund’s portfolio invested in the stock 0.57% | Change in the portfolio weight of the stock over the last 3 months -0.14% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 86/108 (-10) |
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smallcases
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Events
Dividend Trend
No Dividends
IDEAFORGE has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
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
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
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
Ideaforge Technology will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live
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
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
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
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
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
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant