Ideaforge Tech

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.

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.

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.

Should I buy, sell or hold Ideaforge Technology Ltd?

Why is Ideaforge Technology Ltd falling/rising?

As of 11-Mar, Ideaforge Technology Ltd's stock price is declining, currently at Rs 433.00, due to ongoing operating losses and negative financial performance over the past quarters. This has resulted in decreased investor confidence and significant selling pressure, contributing to the stock's underperformance.

As of 11-Mar, Ideaforge Technology Ltd's stock price is falling, currently at Rs 433.00, reflecting a decrease of Rs 10.95 or 2.47%. This decline is part of a broader trend, as the stock has underperformed its sector by 1.76% today and has experienced consecutive losses over the past two days, totaling a drop of 3.42%. Additionally, the stock reached an intraday low of Rs 431, indicating significant selling pressure.<BR><BR>The company's financial performance has been a major contributor to the stock's decline. Ideaforge has reported operating losses and negative results for the last six consecutive quarters, with a recent PAT of Rs -33.85 crore, which is a 45.7% decrease compared to the previous four-quarter average. Furthermore, the company's net sales for the first nine months have fallen by 39.61%, and its return on capital employed (ROCE) is at a low of -14.53%. These factors highlight the company's weak long-term fundamental strength and its inability to service debt effectively, as evidenced by a poor EBIT to interest ratio of -23.07.<BR><BR>Investor participation has also waned, with delivery volume dropping by 69.85% against the five-day average, suggesting a lack of confidence among investors. Although the stock has shown a positive return of 28.64% over the past year, this is overshadowed by the significant decline in profits, which have fallen by 291.4% during the same period. The limited interest from domestic mutual funds, holding only 1.53% of the company, further indicates a lack of comfort with the current valuation or business outlook.<BR><BR>Overall, the combination of poor financial results, declining investor participation, and negative market sentiment has led to the falling stock price of Ideaforge Technology Ltd.

Why is Ideaforge Technology Ltd falling/rising?

As of 12-Mar, Ideaforge Technology Ltd's stock price is at 425.85, down 1.8% and has underperformed its sector. The company has reported significant operating losses and declining sales, leading to weak investor interest and a negative long-term outlook.

As of 12-Mar, Ideaforge Technology Ltd's stock price is falling, currently at 425.85, which represents a decrease of 7.8 points or 1.8%. The stock has been underperforming, having lost 5.02% over the last three days and has experienced a consecutive decline for three days. Additionally, today's performance indicates that it has underperformed its sector by 1.8%.<BR><BR>The stock's recent price movements are influenced by several negative factors. The company has reported operating losses for six consecutive quarters, with significant declines in profit before tax and profit after tax compared to previous quarters. Specifically, the profit before tax has fallen by 43.7% and the profit after tax by 45.7%. Furthermore, the company's net sales have decreased by 39.61% over the last nine months. This consistent negative performance has contributed to a weak long-term fundamental strength, as evidenced by a poor EBIT to interest ratio of -23.07.<BR><BR>Investor participation has also declined, with delivery volume dropping by 59.03% against the five-day average, indicating reduced interest from investors. Although the stock has generated a return of 24.65% over the past year, this is overshadowed by the significant drop in profits, which have fallen by 291.4% during the same period. The combination of these factors, including weak financial results and declining investor interest, has led to the stock's current downward trend.

Which are the latest news on Ideaforge Tech?