Ideaforge Tech

Why is Ideaforge Technology Ltd falling/rising?

As of 31-Aug, Ideaforge Technology Ltd's stock price is declining to Rs 795.20 due to weak long-term fundamentals, negative operating profits, and recent volatility, despite a strong annual return of 62.92%. The company's average Return on Equity is 0%, and it faces challenges in servicing debt, contributing to bearish investor sentiment.

As of 31-Aug, Ideaforge Technology Ltd's stock price is falling, currently at Rs 795.20, reflecting a decrease of Rs 13.8 or 1.71%. This decline can be attributed to several factors highlighted in the source data. <BR><BR>Despite a strong performance over the past year, where the stock has generated a return of 62.92%, the company faces significant long-term challenges. The average Return on Equity (ROE) is at 0%, indicating weak fundamental strength. Additionally, the operating profit has seen a drastic decline, growing at an annual rate of -247.14% over the last five years. This poor performance is compounded by the company's negative EBIT of Rs. -21.28 crore, which raises concerns about its ability to service debt, as evidenced by a poor EBIT to Interest ratio of -16.15.<BR><BR>Moreover, while the stock has outperformed the sector today by 0.74%, it touched an intraday low of Rs 786.35, indicating volatility and investor caution. The weighted average price suggests that more volume was traded closer to this low price, further reflecting bearish sentiment among investors. <BR><BR>In summary, the combination of weak long-term fundamentals, negative operating profits, and recent price volatility contributes to the current decline in Ideaforge Technology Ltd's stock price.

Who are in the management team of Ideaforge Tech?

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

The management team of Ideaforge Tech includes the following key members:<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 plays a crucial role in guiding the company's strategic direction and operations.

What does Ideaforge Tech do?

Ideaforge Technology Ltd is a leading Indian company in the uncrewed aerial systems sector within the Aerospace & Defense industry, recently transitioning to a public company. As of June 2026, it reported net sales of 69 Cr and a net profit of -3 Cr, with a market cap of INR 3,932 Cr.

Overview: <BR>Ideaforge Technology Ltd is a market leader in the Indian uncrewed aerial systems (UAS) sector, operating within the Aerospace & Defense industry and categorized as a Small Cap company.<BR><BR>History: <BR>Ideaforge Technology Ltd was incorporated on February 8, 2007, as a Private Limited Company and transitioned to a Public Company on January 2, 2023. The most recent quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 69 Cr (Quarterly Results - Jun 2026) <BR>Most recent Net Profit: -3 Cr (Quarterly Results - Jun 2026) <BR>Market-cap value: INR 3,932 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 1,009.00 <BR>Industry P/E: 56 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.04 <BR>Return on Equity: -2.84% <BR>Price to Book: 6.74 <BR><BR>Contact Details: <BR>Details: No Company Details Available <BR>Registrar Address: Not available.

Who are the peers of the Ideaforge Tech?

Ideaforge Tech's peers include Paras Defence, Unimech Aero, Mishra Dhatu Nig, Avantel, Rossell Techsys, Jaykay Enterprises, NIBE, CFF Fluid, Sika Interplant, and DCX Systems. Ideaforge Tech has Below Average management risk, growth, and capital structure compared to its peers, with a 1-year return of 62.92%.

Peers: The peers of Ideaforge Tech are Paras Defence, Unimech Aero., Mishra Dhatu Nig, Avantel, Rossell Techsys, Jaykay Enter., NIBE, CFF Fluid, Sika Interplant, and DCX Systems.<BR><BR>Quality Snapshot: Excellent management risk is observed at Paras Defence, Unimech Aero., and Avantel, while Average management risk is found at Mishra Dhatu Nig, Rossell Techsys, Sika Interplant, NIBE, and CFF Fluid, and the rest. Below Average management risk is noted for Ideaforge Tech, Jaykay Enter., and DCX Systems. Growth is Excellent for Rossell Techsys and CFF Fluid, Average for Paras Defence, Avantel, and Sika Interplant, Below Average for Unimech Aero., Mishra Dhatu Nig, and NIBE, while Ideaforge Tech, Jaykay Enter., and DCX Systems show Below Average growth. Capital Structure is Excellent for Paras Defence, Unimech Aero., and Avantel, Good for Mishra Dhatu Nig, Jaykay Enter., NIBE, and CFF Fluid, while Ideaforge Tech, Rossell Techsys, and DCX Systems have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Paras Defence at 121.04%, while the lowest is DCX Systems at -33.84%. Ideaforge Tech's 1-year return of 62.92% is significantly higher than DCX Systems but lower than Paras Defence. Additionally, the six-month return is negative for DCX Systems and Sika Interplant.

How big is Ideaforge Tech?

As of 31st August, Ideaforge Technology Ltd has a market capitalization of 3,932.00 Cr, with recent net sales of 281.94 Cr and a net profit of 3.93 Cr over the last four quarters.

As of 31st August, <BR><BR>Market Cap: Ideaforge Technology Ltd has a market capitalization of 3,932.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 281.94 Cr, while the sum of Net Profit for the same period is 3.93 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2026, with Shareholder's Funds amounting to 599.04 Cr and Total Assets valued at 786.18 Cr.

Which are the latest news on Ideaforge Tech?

Should I buy, sell or hold Ideaforge Technology Ltd?

When is the next results date for Ideaforge Technology Ltd?

The next results date for Ideaforge Technology Ltd is 10 August 2026.

The next results date for Ideaforge Technology Ltd is scheduled for 10 August 2026.

Are Ideaforge Technology Ltd latest results good or bad?

Ideaforge Technology Ltd's latest results are concerning, showing a net loss of ₹33.85 crores in Q3 FY26, a 72.53% decline from the previous quarter, despite a year-on-year revenue increase of 79.16%. The company's operational inefficiencies and persistent losses indicate significant risks for investors.

Ideaforge Technology Ltd's latest results are concerning. In Q3 FY26, the company reported a net loss of ₹33.85 crores, which is a significant deterioration of 72.53% compared to the previous quarter and 40.92% year-on-year. While revenue increased by 79.16% year-on-year to ₹31.55 crores, it declined by 22.60% from the previous quarter, highlighting volatility in sales.<BR><BR>The operating margin, excluding other income, plummeted to -84.06%, marking the worst performance in eight quarters. This indicates severe operational inefficiencies and challenges in converting revenue into profit. The company's financial metrics suggest a deepening operational crisis, with cumulative losses reaching ₹77.03 crores for the nine-month period of FY26.<BR><BR>Furthermore, the stock price has been under pressure, currently trading at ₹420.25, which is 36.37% below its 52-week high. The overall outlook appears negative, with persistent losses, declining margins, and a lack of institutional support indicating significant risks for investors.

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.

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.

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.

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.

Has Ideaforge Tech declared dividend?

No Dividend History Available