Is Ideaforge Tech overvalued or undervalued?

As of October 29, 2024, Ideaforge Tech is considered overvalued with a negative PE ratio of -40.97 and an EV to EBITDA of -45.15, despite a recent stock return of 26.94%, indicating significant challenges in profitability compared to its peers.

As of 29 October 2024, Ideaforge Tech's valuation grade has moved from very expensive to risky, indicating a significant shift in its perceived value. The company is currently assessed as overvalued given its negative PE ratio of -40.97, an EV to EBITDA of -45.15, and a ROCE of -18.83%. These ratios suggest that the company is struggling to generate positive earnings relative to its valuation metrics.<BR><BR>In comparison to its peers, Ideaforge Tech stands out with a notably low PEG ratio of 0.00, while competitors like Kaynes Tech and Honeywell Automation India Ltd. have PE ratios of 125.17 and 65.93, respectively. This stark contrast highlights Ideaforge's challenges in profitability and growth relative to its industry. Additionally, despite a recent stock return of 26.94% over the past month, it remains underperforming compared to the Sensex, which returned 3.80% in the same period. Overall, Ideaforge Tech appears to be overvalued in the current market context.

What does Ideaforge Tech do?

Ideaforge Technology Ltd, a Small Cap company in the Aerospace & Defense sector, was incorporated in 2007 and became public in 2023. As of March 2025, it reported net sales of 20 Cr and a net loss of 26 Cr, with a market cap of Rs 2,540 Cr.

Overview:<BR>Ideaforge Technology Ltd operates in the Aerospace & Defense industry and is categorized as a Small Cap company.<BR><BR>History:<BR>The company was incorporated in 2007 and underwent a status change to a Public Company, officially changing its name to Ideaforge Technology Limited on January 2, 2023. The most recent quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 20 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -26 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 2,540 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 71 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.28 <BR>Return on Equity: -10.23% <BR>Price-to-Book: 4.37 <BR><BR>Contact Details:<BR>Details: No Company Details Available <BR>Registrar Address: Not available.

When is the next results date for Ideaforge Tech?

No Upcoming Board Meetings

Has Ideaforge Tech declared dividend?

No Dividend History Available

Who are the peers of the Ideaforge Tech?

Ideaforge Tech's peers include Apollo Micro Sys, MTAR Technologie, Avantel, and others. It has Below Average management risk and a 1-year return of -33.46%, lower than Apollo Micro Sys (55.49%) and MTAR Technologie (-21.98%).

Peers: The peers of Ideaforge Tech are Apollo Micro Sys, MTAR Technologie, Avantel, DCX Systems, Sika Interplant, NIBE, Jaykay Enter., Rossell Techsys, Swan Defence.<BR><BR>Quality Snapshot: Excellent management risk is observed at MTAR Technologie and NIBE, while Average management risk is found at Apollo Micro Sys, Avantel, Sika Interplant, and the rest. Below Average management risk is present at Ideaforge Tech, DCX Systems, Jaykay Enter., Rossell Techsys, and Swan Defence. Growth is Excellent at Avantel and NIBE, Good at Apollo Micro Sys and MTAR Technologie, Average at Sika Interplant, Jaykay Enter., and the rest, and Below Average at Ideaforge Tech, DCX Systems, and Rossell Techsys. Capital Structure is Excellent at Avantel and Sika Interplant, Good at MTAR Technologie and NIBE, Average at Apollo Micro Sys and CFF Fluid, and Below Average at Ideaforge Tech, Jaykay Enter., Rossell Techsys, DCX Systems, and Swan Defence.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Apollo Micro Sys at 55.49%, while the peer with the lowest is MTAR Technologie at -21.98%. Ideaforge Tech's 1-year return is -33.46%, which is lower than both of these peers. Additionally, the six-month return is negative for MTAR Technologie, DCX Systems, and NIBE.

Who are in the management team of Ideaforge Tech?

As of March 2023, the management team of Ideaforge Tech includes Chairman Srikanth Ramakrishna Velamakanni, CEO Ankit Mehta, Vice Presidents Rahul Singh and Ashish Bhat, along with several other directors and officers. They are responsible for the company's strategic direction and operations.

As of March 2023, the management team of Ideaforge Tech includes the following individuals:<BR><BR>1. Srikanth Ramakrishna Velamakanni - Chairman & Independent Director<BR>2. Ankit Mehta - Whole Time Director & CEO<BR>3. Rahul Singh - Vice President & Whole Time Director<BR>4. Ashish Bhat - Vice President & Whole Time Director<BR>5. Ganapathy Subramaniam - Nominee<BR>6. Mathew Cyriac - Nominee<BR>7. Sutapa Banerjee - Independent Director<BR>8. Vikas Balia - Independent Director<BR>9. Sonam Gupta - Company Secretary & Compliance Officer<BR><BR>This team is responsible for guiding the company's strategic direction and operations.

Who are the top shareholders of the Ideaforge Tech?

The top shareholders of Ideaforge Tech include Ankit Mehta with 8.56%, Florintree Enterprise LLP with 10.67%, and individual investors holding 36.79%. Mutual funds hold 1.02%, and foreign institutional investors hold 1.56%, with no pledged promoter holdings reported.

The top shareholders of Ideaforge Tech include Ankit Mehta, who is the promoter with the highest holding at 8.56%. The highest public shareholder is Florintree Enterprise LLP, holding 10.67%. Additionally, individual investors collectively hold 36.79% of the company's shares. The company also has mutual funds holding 1.02% across two schemes and foreign institutional investors (FIIs) holding 1.56% through 12 different entities. There are no pledged promoter holdings reported.

How big is Ideaforge Tech?

As of 24th July, Ideaforge Technology Ltd has a market capitalization of 2,162.00 Cr and reported Net Sales of 87.80 Cr with a Net Profit loss of 87.02 Cr over the latest four quarters. The balance sheet for March 2025 shows Shareholder's Funds of 608.68 Cr and Total Assets of 662.16 Cr.

As of 24th July, Ideaforge Technology Ltd has a market capitalization of 2,162.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 87.80 Cr. However, it experienced a loss of 87.02 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 608.68 Cr and Total Assets of 662.16 Cr.

How has been the historical performance of Ideaforge Tech?

Ideaforge Tech experienced significant financial declines, with net sales dropping from 314.00 Cr in Mar'24 to 161.22 Cr in Mar'25, resulting in an operating profit of -31.52 Cr and a profit after tax of -62.28 Cr. The company also faced negative cash flow and a decrease in total assets and liabilities during this period.

Answer:<BR>The historical performance of Ideaforge Tech shows significant fluctuations in key financial metrics over the past three years.<BR><BR>Breakdown:<BR>Ideaforge Tech's net sales decreased from 314.00 Cr in Mar'24 to 161.22 Cr in Mar'25, while the previous year saw a rise from 186.01 Cr in Mar'23. Total operating income followed a similar trend, dropping to 161.22 Cr in Mar'25 from 314.00 Cr in Mar'24, with raw material costs also declining to 98.19 Cr from 146.64 Cr. The company reported an operating profit (PBDIT) of -31.52 Cr in Mar'25, a stark contrast to the profit of 85.89 Cr in Mar'24 and 57.50 Cr in Mar'23. Profit before tax fell to -62.40 Cr in Mar'25 from 61.07 Cr in Mar'24, leading to a profit after tax of -62.28 Cr compared to 45.27 Cr in the previous year. The earnings per share (EPS) reflected this downturn, dropping to -14.46 in Mar'25 from 10.55 in Mar'24. On the balance sheet, total assets decreased to 662.16 Cr in Mar'25 from 733.08 Cr in Mar'24, while total liabilities also fell to 662.16 Cr from 733.08 Cr. Cash flow from operating activities turned negative at -76.00 Cr in Mar'25, down from 76.00 Cr in Mar'24, contributing to a net cash outflow of -152.00 Cr in Mar'25 compared to a net inflow of 163.00 Cr in Mar'24. Overall, the financial performance of Ideaforge Tech indicates a challenging year with substantial losses and declining revenues.

Are Ideaforge Tech latest results good or bad?

Ideaforge Tech's latest results are concerning, with a year-on-year sales drop of 85.17% and a net loss of ₹19.62 crores, marking five consecutive quarters of losses. Despite a strong balance sheet, the company faces significant operational challenges and a bleak outlook.

Ideaforge Tech's latest results indicate a challenging situation for the company. In the second quarter of FY26, net sales plummeted by 85.17% year-on-year to ₹40.76 crores, although there was a notable sequential recovery of 218.94% from the previous quarter. Despite this recovery, the company reported a significant net loss of ₹19.62 crores, which is a 16.72% decline from the previous quarter's loss.<BR><BR>The operating margin remains deeply negative at -27.70%, and the profit after tax margin is also concerning at -48.14%. This marks five consecutive quarters of losses, totaling over ₹96 crores since December 2024. The financial performance reflects severe operational challenges, including delays in order execution and a tough environment in the defence procurement sector.<BR><BR>While the company has a strong balance sheet with zero long-term debt and substantial shareholder funds, the immediate outlook is grim due to the ongoing cash burn and lack of visibility on future revenue. Overall, the results can be characterized as bad, highlighting a critical need for a turnaround in operations to avoid further deterioration.

Should I buy, sell or hold Ideaforge Tech?

Is Ideaforge Tech technically bullish or bearish?

As of December 1, 2025, the technical trend is mildly bearish, indicated by bearish signals from the weekly MACD and Bollinger Bands, despite a mildly bullish stance from daily moving averages, with the stock down 4.55% over the past month compared to a 2.03% gain in the Sensex.

As of 1 December 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven primarily by the weekly MACD and Bollinger Bands both indicating bearish signals. The daily moving averages show a mildly bullish stance, but this is overshadowed by the bearish indicators on the weekly timeframe. The RSI shows no signal on both weekly and monthly timeframes, and there are no trends indicated by Dow Theory or OBV. Overall, the strength of the bearish sentiment is reinforced by the recent performance, with the stock down 4.55% over the past month compared to a 2.03% gain in the Sensex.

Which are the latest news on Ideaforge Tech?

Why is Ideaforge Tech falling/rising?

As of 04-Dec, Ideaforge Technology Ltd's stock price is declining, currently at 452.65, with a total drop of -3.4% over the past six days. The company's weak financial fundamentals, including significant operating losses and declining investor interest, contribute to this bearish trend.

As of 04-Dec, Ideaforge Technology Ltd's stock price is falling, currently at 452.65, reflecting a change of -1.15 (-0.25%). The stock has been on a downward trend, losing value for the past six consecutive days, with a total decline of -3.4% during this period. This decline is further supported by the stock's performance over the last week, where it has decreased by -2.84%, contrasting with the Sensex, which fell only -0.53%.<BR><BR>The company's long-term fundamentals appear weak, as it has reported operating losses and negative results for the last five consecutive quarters. Specifically, the company's net sales have decreased by -56.57%, and its profit after tax (PAT) has also shown a decline of -56.57%. Additionally, the company's ability to service its debt is concerning, with a poor EBIT to interest ratio of -21.22, indicating financial instability.<BR><BR>Investor participation is also declining, as evidenced by a delivery volume of 43.74k on December 3rd, which is down by -3.05% compared to the five-day average. Moreover, the stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend.<BR><BR>While there is a slight positive factor with promoters increasing their stake by 4.26%, holding 33.36% of the company, this does not seem to be enough to counterbalance the negative indicators affecting the stock's performance. Overall, the combination of poor financial results, declining investor interest, and a weak market position contributes to the ongoing decline in Ideaforge Technology Ltd's stock price.