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Ideaforge Technology Ltd share price logo

Ideaforge Technology Ltd

(IDEAFORGE)

₹598.60.12%

as on 04:01PM, 05 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Ideaforge Technology Ltd Analyst Rating

based on 1 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 1 analysts offering long term price targets for Ideaforge Technology Ltd. An average target of ₹538

Source: S&P Global Market Intelligence

Ideaforge Technology Ltd Share analysis

Ideaforge Technology Ltd price forecast by 1 analysts

Downside of-10.23%

High

₹538

Target

₹538.00

Low

₹538

Ideaforge Technology Ltd target price ₹538, a slight downside of -10.23% compared to current price of ₹598.6. According to 1 analysts rating.

Source: S&P Global Market Intelligence

Ideaforge Technology Ltd Performance

  • Day's Low

    Day's High

    ₹595.55
    ₹606.95
  • 52 Week's Low

    52 Week's High

    ₹535
    ₹886
1 Month Return+ 5.58 %
3 Month Return-15.65 %
1 Year Return-24.29 %
Previous Close₹599.30
Open₹606.95
Volume89.99K
Upper Circuit-
Lower Circuit-
Market Cap₹2,578.96Cr

Ideaforge Technology Ltd Key Statistics

P/E Ratio201.11
PEG Ratio131.44
Market Cap₹2,578.96 Cr
P/B Ratio4.45
EPS10.56
Dividend Yield0
SectorAerospace & Defence
ROE9.69

Ideaforge Technology Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹2,578.96 Cr-10.74%0.51₹45 Cr₹314 Cr
BUY₹17,816.14 Cr65.35%0.63₹281 Cr₹4,054 Cr
NA₹1,391.72 Cr57.79%0.58NANA
BUY₹7,576.14 Cr159.62%0.61₹121 Cr₹908 Cr
NA₹4,521.55 Cr25.57%0.54₹30 Cr₹253 Cr

About Ideaforge Technology Ltd

Ideaforge Technology Ltd Formerly known ideaForge Technology Private Limited was incorporated on February 8 2007 as a Private Limited Company dated February 8 2007 issued by the RoC at Mumbai. Upon the conversion of Company into a Public Company the name of Company was changed to ideaForge Technology Limited and a fresh Certificate of Incorporation dated January 2 2023 was issued by the RoC.The Company is the pioneer and the preeminent market leader in the Indian unmanned aircraft systems UAS market. The manufacturing facility situated in Navi Mumbai Maharashtra is equipped with advanced equipment modern technology with automation systems. The product portfolio consists of hardware which primarily includes Unmanned Aerial Vehicles UAVs payloads batteries chargers and communication system software and embedded subsystems including the GCS software which enables the controlling and management for UAVs and autopilot subsystem which enables remote control and autonomous completion of flights and solutions which enables industry/ application specific software. The Company had largest operational deployment of indigenous UAVs across India with an ideaForge manufactured drone taking off every five minutes on average for surveillance and mapping. The indigenous design and technological capabilities allowed the Company to design develop engineer and manufacture UAVs inhouse with a control on performance reliability and autonomy. UAVs have a fully integrated system relying on complex avionics and electromechanical designs and advance programming. The software architecture of such advanced programming is based on complex and interdependent applications including unencrypted signal mechanisms. For instance ground control station GCS software enables UAVs to achieve higher safety and lower on field effort for the pilot such as takeoff area suitability check coverage area check and target location coverage check for offsite mission planning prior to deployment. Further their AI based image intelligence features which are equipped in UAVs help in people detection and target tracking and certain UAVs also have motion detection feature that helps in surveillance. These products are deployed in high security surveillance activities involving sensitive and confidential data.The Company indigenously developed and manufactured vertical takeoff and landing VTOL UAVs in India in 2009. The RYNO UAV provides mapping solutions and Q4i NETRA V4 and SWITCH UAVs provide surveillance and disaster relief solutions to customers for different operating environments and applications. An early prototype of VTOL UAV quadrotor helicopter was featured in a popular Bollywood movie in 2009 which is one of the few original equipment manufacturers OEMs globally to have its own proprietary autopilot subsystem and ground control software. In 2016 the Company developed the first hybrid VTOL drone with fixed wings in India known as the SWITCH UAV. It was the first to participate in the demonstration of 5G enabled UAVs at the Indian Mobile Congress in 2018.The Company is proposing a Public Offer of raising capital upto Rs 300 crore equity shares through fresh issue and by issuing upto 4869712 equity shares through Offer for Sale..

Share Price: ₹598.60 per share as on 05 Dec, 2024 04:01 PM
Market Capitalisation: ₹2,578.96Cr as of today
Revenue: ₹37.10Cr as on September 2024 (Q3 24)
Net Profit: ₹-13.73Cr as on September 2024 (Q3 24)
Listing date: 07 Jul, 2023
Chairperson Name: Srikanth Ramakrishna Velamakanni
OrganisationIdeaforge Technology Ltd
Headquarters
IndustryAerospace & Defence
E-voting on sharesClick here to vote

Key events for Ideaforge Technology Ltd

  • Sonam Gupta Resigns as Company Secretary at IdeaForge - 03 Dec, 2024

    IdeaForge Technology Limited announced the resignation of Sonam Gupta as Company Secretary & Compliance Officer, effective January 29, 2025, to pursue a new career opportunity. She confirmed no other material reasons for her resignation.
  • Ideaforge Technology Faces Declining Orders and Losses - 27 Nov, 2024

    Despite a strong IPO debut, Ideaforge Technology Ltd has faced significant challenges, including a declining order book and a 54% drop in Q1 FY24 profits. The order book fell sharply to ₹54.2 crore, raising concerns about future performance, culminating in an operating loss in Q2 FY25.
  • Ideaforge Technology Faces Revenue Decline Amid Innovation - 08 Nov, 2024

    Ideaforge Technology Ltd reported an 11% revenue drop in Q1 FY25, with significant declines in gross and net profit. Despite this, the company shows strong five-year growth and is investing in new technologies and international markets, including a beta version of FlightCloud and border security solutions. Recent patent grants highlight its commitment to innovation.

Insights on Ideaforge Technology Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 64.34% to 64.80% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 2.93% to 3.50% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 29.33% to 29.23% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 3 quarters, 107.66 Cr → 42.94 Cr (in ₹), with an average decrease of 33.9% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, IDEAFORGE stock has moved down by -15.7%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 4 quarters, 14.8 Cr → -13.73 Cr (in ₹), with an average decrease of 464.1% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 2.78% to 1.82% in Sep 2024 quarter

Ideaforge Technology Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹23.73Cr (-)₹90.90Cr (↑283.06%)₹102.30Cr (↑12.54%)₹86.19Cr (↓15.75%)₹37.10Cr (↓56.96%)
Net Income₹0.89Cr (-)₹14.80Cr (↑1,562.92%)₹10.33Cr (↓30.20%)₹1.17Cr (↓88.67%)-₹13.73Cr (↓1,273.50%)
Net Profit Margin3.75% (-)16.28% (↑334.13%)10.10% (↓37.96%)1.36% (↓86.53%)-37.01% (↓2,821.32%)
Value in ₹ crore
Details2021202220232024
Total Assets₹123.50Cr (-)₹222.75Cr (↑80.36%)₹488.47Cr (↑119.29%)₹746.73Cr (↑52.87%)
Total Liabilities₹63.14Cr (-)₹59.44Cr (↓5.86%)₹163.74Cr (↑175.47%)₹83.54Cr (↓48.98%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹17.13Cr (-)-₹30.81Cr (↑79.86%)₹66.52Cr (↓315.90%)-₹53.23Cr (↓180.02%)₹76.94Cr (↓244.54%)

Index Inclusions

S&P BSE Indus.

₹15,696.93

0.32 (49.41%)

BSE Small-Cap

₹56,707.78

0.16 (90.32%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Ideaforge Technology Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
29.23%
-0.32
Foreign Institutions
3.5%
19.74
Mutual Funds
1.82%
-34.48
Retail Investors
64.8%
0.72
Others
0.64%
2.61

Ideaforge Technology Ltd Key Indicators

Details2024
Earning Per Share (₹)10.56
Details202220232024
Return On Equity %39.3513.119.69
Details2021202220232024
Return On Assets %-11.8519.766.556.06
Details2024
Book Value Per Share (₹)154.04

Ideaforge Technology Ltd Valuation

Ideaforge Technology Ltd in the last 5 years

  • Overview

  • Trends

Lowest (58.41x)

June 5, 2024

Industry (57.65x)

December 4, 2024

Today (201.11x)

December 4, 2024

Highest (602.41x)

November 7, 2023

LowHigh

Ideaforge Technology Ltd Earnings and Dividends

  • Ideaforge Technology Ltd Earnings Results

    Ideaforge Technology Ltd’s net profit fell -1642.7% since last year same period to ₹-13.73Cr in the Q2 2024-2025. On a quarterly growth basis, Ideaforge Technology Ltd has generated -1273.5% fall in its net profits since last 3-months.

    Read More about Earnings Results

Ideaforge Technology Ltd Technicals Summary

Bearish

Neutral

Bullish

Neutral

Ideaforge Technology Ltd is currently in a Neutral trading position according to technical analysis indicators.

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Ideaforge Technology Ltd (IDEAFORGE) share price today is ₹598.6

Ideaforge Technology Ltd is listed on NSE

Ideaforge Technology Ltd is listed on BSE

  • Today’s highest price of Ideaforge Technology Ltd is ₹606.95.
  • Today’s lowest price of Ideaforge Technology Ltd is ₹595.55.

PE Ratio of Ideaforge Technology Ltd is 201.11

PE ratio = Ideaforge Technology Ltd Market price per share / Ideaforge Technology Ltd Earnings per share

Today’s traded volume of Ideaforge Technology Ltd(IDEAFORGE) is 89.99K.

Today’s market capitalisation of Ideaforge Technology Ltd(IDEAFORGE) is ₹2578.96Cr.

Ideaforge Technology Ltd(IDEAFORGEPrice
52 Week High
₹886
52 Week Low
₹535

Ideaforge Technology Ltd(IDEAFORGE) share price is ₹598.6. It is down -32.44% from its 52 Week High price of ₹886

Ideaforge Technology Ltd(IDEAFORGE) share price is ₹598.6. It is up 11.89% from its 52 Week Low price of ₹535

Ideaforge Technology Ltd(IDEAFORGEReturns
1 Day Returns
-0.7%
1 Month Returns
5.58%
3 Month Returns
-15.65%
1 Year Returns
-24.29%