Ideaforge Tech

Why is Ideaforge Technology Ltd falling/rising?

As of 13-Jun, Ideaforge Technology Ltd's stock price is rising to Rs 872.15, following a trend reversal after two days of decline. The stock has shown significant growth over the past month and year-to-date, driven by strong financial results and increased institutional investor participation.

As of 13-Jun, Ideaforge Technology Ltd's stock price is rising, currently at Rs 872.15, with a change of 2.45 (0.28%) upward. This increase follows a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 904.95, reflecting a gain of 4.05% at that peak. <BR><BR>Despite today's performance showing an underperformance against its sector by -3.35%, the stock has demonstrated significant growth over the past month, with a 19.00% increase compared to a modest 1.30% rise in the Sensex. Year-to-date, Ideaforge has outperformed the broader market with an impressive 86.06% increase, while the market itself has seen a decline of 11.37%. <BR><BR>The company's strong financial results, including a remarkable 347.04% growth in net sales and substantial increases in profit before tax and profit after tax, have likely contributed to positive investor sentiment. Additionally, there has been increasing participation from institutional investors, who have raised their stake by 0.55% in the last quarter, indicating confidence in the company's fundamentals. <BR><BR>Overall, the combination of strong financial performance, positive market trends over the longer term, and increased institutional interest appears to be driving the stock price of Ideaforge Technology Ltd upward.

Which are the latest news on Ideaforge Tech?

What does Ideaforge Tech do?

Ideaforge Technology Ltd operates in the Aerospace & Defense industry, focusing on drone technology. As of March 2026, it reported net sales of 141 Cr and a net profit of 60 Cr, with a market cap of INR 4,066 Cr.

Overview:<BR>Ideaforge Technology Ltd is a company operating in the Aerospace & Defense industry within the Small Cap market-cap bracket.<BR><BR>History:<BR>The company was incorporated on February 8, 2007, as a Private Limited Company and later converted into a Public Company, changing its name to "Ideaforge Technology Limited" with a fresh Certificate of Incorporation issued on January 2, 2023. The most recent quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 141 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 60 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 4,066 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A<BR>- Industry P/E: 51<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.04<BR>- Return on Equity: -2.84%<BR>- Price to Book: 7.00<BR><BR>Contact Details:<BR>No Company Details Available. Registrar Address: Not available.

How big is Ideaforge Tech?

As of 10th June, Ideaforge Technology Ltd has a market capitalization of 4,066.00 Cr, with recent net sales of 226.13 Cr and a net loss of 17.04 Cr over the last four quarters.

As of 10th June, <BR><BR>Market Cap: Ideaforge Technology Ltd has a market capitalization of 4,066.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 226.13 Cr, while the sum of Net Profit for the same period reflects a loss of 17.04 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2025, with Shareholder's Funds amounting to 608.68 Cr and Total Assets valued at 662.16 Cr.

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 guiding the company's strategic direction and operations.

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

Who are the peers of the Ideaforge Tech?

Ideaforge Tech's peers include Swan Defence, Paras Defence, Mishra Dhatu Nig, Unimech Aero, Avantel, Rossell Techsys, Jaykay Enter, NIBE, and DCX Systems. In terms of management risk, Ideaforge Tech is rated below average, with a 1-year return of 54.28%, higher than DCX Systems but lower than Swan Defence's 969.29%.

Peers: The peers of Ideaforge Tech are Swan Defence, Paras Defence, Mishra Dhatu Nig, Unimech Aero., Avantel, Rossell Techsys, Jaykay Enter., NIBE, and DCX Systems.<BR><BR>Quality Snapshot: Below Average management risk is observed at Swan Defence, Ideaforge Tech, Jaykay Enter., and DCX Systems, while Average management risk is found at Unimech Aero., Rossell Techsys, NIBE, and Sika Interplant. Good management risk is noted for Mishra Dhatu Nig, while Excellent management risk is present at Paras Defence, Avantel, and the rest. In terms of growth, Excellent growth is seen at Rossell Techsys, Average growth is found at Paras Defence, NIBE, and Sika Interplant, while Below Average growth is noted for Swan Defence, Mishra Dhatu Nig, Unimech Aero., Avantel, Ideaforge Tech, Jaykay Enter., DCX Systems, and the rest. Capital Structure ratings show Excellent at Paras Defence, Unimech Aero., and Avantel, Good at Mishra Dhatu Nig, NIBE, and Jaykay Enter., while Below Average is observed at Swan Defence, Ideaforge Tech, Rossell Techsys, and DCX Systems.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Swan Defence at 969.29%, while DCX Systems has the lowest at -39.81%. Ideaforge Tech's 1-year return of 54.28% is significantly higher than DCX Systems but lower than Swan Defence. Additionally, the six-month return is negative for Jaykay Enter. and DCX Systems.

Should I buy, sell or hold Ideaforge Technology Ltd?

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.

When is the next results date for Ideaforge Tech?

No Upcoming Board Meetings

Has Ideaforge Tech declared dividend?

No Dividend History Available