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General Industrials | Small Cap
Health Score : 5.39Ideaforge Technology Ltd, operating in the General Industrials (Capital Goods) sector, showcases a mixed financial performance. The company demonstrates strong solvency and liquidity positions, indicating a robust ability to meet its long-term and short-term obligations. However, its efficiency and profitability metrics raise concerns, reflecting challenges in utilizing assets effectively and generating profits. The company's growth trajectory presents a mixed picture, with strong revenue and asset growth offset by declines in operating profit, EPS, and net income. The coverage ratios are weak, suggesting potential difficulties in meeting interest and dividend obligations. Overall, while the company exhibits financial stability, improvements in efficiency, profitability, and consistent earnings growth are crucial for sustained success.
Health Score : 5.39Ideaforge Technology Ltd, operating in the General Industrials (Capital Goods) sector, showcases a mixed financial performance. The company demonstrates strong solvency and liquidity positions, indicating a robust ability to meet its long-term and short-term obligations. However, its efficiency and profitability metrics raise concerns, reflecting challenges in utilizing assets effectively and generating profits. The company's growth trajectory presents a mixed picture, with strong revenue and asset growth offset by declines in operating profit, EPS, and net income. The coverage ratios are weak, suggesting potential difficulties in meeting interest and dividend obligations. Overall, while the company exhibits financial stability, improvements in efficiency, profitability, and consistent earnings growth are crucial for sustained success.
Overall Valuation Score
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Price Movement Indicator
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P/E RATIO (TTM)
-437.77
Industry Median
38.80
Small Cap Median
27.98
P/E RATIO
-198.88
P/B RATIO
5.68
Industry Median
8.52
Small Cap Median
5.39
P/S RATIO
15.05
Industry Median
7.92
Small Cap Median
5.42
Others
PEG RATIO
56.50
EV/EBITDA RATIO
124.96
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹783.6 as on Sep 1, 2026.
Growth Score : 4.80The company's growth trajectory presents a mixed picture. Strong revenue and asset growth indicate the company is expanding its operations and market presence. However, declines in operating profit, EPS, and net income raise concerns about the sustainability of its growth. Inconsistent profitability trends may impact investor confidence and future growth prospects. Balancing growth with profitability will be crucial for long-term success.
Revenue Growth RateExcellentOperating Profit Growth RatePoorEarnings Per Share (EPS) GrowthPoorAsset Growth RateExcellentNet Income Growth RatePoor| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 354.29 | 16.98 | 68.82 | -48.73 | 40.37 |
| Operating Profit Growth Rate | 781.82 | -36 | 18.75 | -191.23 | 109.62 |
| Earnings Per Share (EPS) Growth | 399.16 | -99.69 | -29.55 | -236.93 | 72.75 |
| Asset Growth Rate | 79.03 | 119.82 | 52.25 | -9.56 | 18.9 |
| Net Income Growth Rate | 393.33 | -27.27 | 40.62 | -237.78 | 72.58 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | KRISHNADEF | 7.68 | 71.50 | Neutral | 52.00 | 25.53 | 41.00 |
| 2 | DCXINDIA | 6.82 | -251.46 | Neutral | -17.00 | 2.98 | -8.00 |
| 3 | IDEAFORGE | 5.39 | -198.88 | Overvalued | 5.00 | -1.79 | -17.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Concall Report⬤29th Jan 26
Q3 FY26 Earnings Conference Call
BULLISH SENTIMENT
Quarterly Report⬤22nd Jan 26
Quarterly Financial Results Q3 FY 2025-26
BEARISH SENTIMENT
No Stock News Available at This Moment.
Ideaforge Technology Ltd. is a leading Indian drone manufacturer, designing and producing unmanned aerial vehicles (UAVs) for defense, homeland security, and civilian applications. It offers a diverse portfolio of drones, software, and services, establishing itself as a key player in India's burgeoning drone ecosystem.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Ideaforge Technology Ltd's P/E ratio (TTM) is -437.77, compared to the industry median of 38.80 and large cap median of 27.98.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Ideaforge Technology Ltd's P/B ratio is 5.68, compared to the industry median of 8.52 and large cap median of 5.39.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Ideaforge Technology Ltd's P/S ratio is 15.05, compared to the industry median of 7.92 and large cap median of 5.42.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Ideaforge Technology Ltd's PEG ratio is 56.50.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Ideaforge Technology Ltd's EV/EBITDA ratio is 124.96.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Ideaforge Technology Ltd's ROE is -2.84%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Ideaforge Technology Ltd's ROA is 0.63%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Ideaforge Technology Ltd's ROCE is -2%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Ideaforge Technology Ltd's operating margin is 2.21%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Ideaforge Technology Ltd's net margin is -7.52%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Ideaforge Technology Ltd's current ratio is 2.37.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Ideaforge Technology Ltd's debt-to-equity ratio is 0.02.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Ideaforge Technology Ltd's interest coverage ratio is -4.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Ideaforge Technology Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Ideaforge Technology Ltd's EPS is 72.75.
(Source line: "Ratios as of 01 Sept 2026, based on last traded price of ₹783.60. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 2007
Headquarters: Navi Mumbai, Maharashtra
Core Offerings: Unmanned Aerial Vehicles (UAVs)/Drones, Drone Software (Ground Control Station, Analytics), Drone Services (Training, Maintenance, Support), Custom Drone Solutions
Stock Listing: NSE (IDEAFORGE), BSE (543932)
Promoter: Ankit Mehta, Rahul Singh, Ashish Bhat, Vipul Joshi (Founders)
Ideaforge Technology Ltd. was founded in 2007 by alumni of IIT Bombay. Initially focusing on robotics and R&D, the company pivoted to developing Unmanned Aerial Vehicles (UAVs). Key milestones include developing indigenous autopilot systems, securing early contracts with the Indian defense forces, and expanding into homeland security and industrial applications. In July 2023, the company successfully completed its Initial Public Offering (IPO), listing on NSE and BSE.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Sale of Products (UAVs) | Approx. 87% | Operating Profit |
| Sale of Services | Approx. 13% | Operating Profit |
Unmanned Aerial Vehicles (UAVs): Designs, develops, manufactures, and sells advanced drones/UAVs primarily for surveillance, mapping, and security applications for defense, homeland security, and civil sectors.
Software and Solutions: Provides proprietary ground control station (GCS) software, analytics platforms, and AI-driven image processing solutions integrated with their UAV systems.
Support and Maintenance Services: Offers comprehensive training, maintenance, repair, and operational support services to ensure optimal performance and longevity of their drone fleets.
Ankit Mehta (CEO & Whole-time Director): Co-founder of ideaForge, he leads the company's strategic direction, product innovation, and business development. An IIT Bombay alumnus, he is instrumental in pioneering India's drone industry.
No major subsidiaries reported.
Initial Public Offering (IPO) in July 2023 was a significant event, raising approx. ₹567 crores. No major recent corporate actions on record.
The Ideaforge Technology Ltd share price today is ₹783.60 on NSE (IDEAFORGE), as of 12 Sept 2026.
As of 01 Sept 2026, Ideaforge Technology Ltd share price is ₹783.60, with previous close ₹783.60. Today's range is ₹783.60 to ₹783.60. The 52-week range is ₹783.60 to ₹783.60.
As of today, Ideaforge Technology Ltd's market cap is ₹3,400.82 crore (Small Cap).
Ideaforge Technology Ltd's current P/E ratio is -437.77, compared to the GENERAL INDUSTRIALS sector average of 68.60.
Ideaforge Technology Ltd's current P/B ratio is 5.68.
Ideaforge Technology Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Ideaforge Technology Ltd's EPS (TTM) is ₹72.75.
Ideaforge Technology Ltd. is a leading Indian drone manufacturer, designing and producing unmanned aerial vehicles (UAVs) for defense, homeland security, and civilian applications. It offers a diverse portfolio of drones, software, and services, establishing itself as a key player in India's burgeoning drone ecosystem.
Ideaforge Technology Ltd is promoted by Ankit Mehta, Rahul Singh, Ashish Bhat, Vipul Joshi (Founders), holding 33.34% as of 01 Sept 2026.
Ideaforge Technology Ltd is listed on NSE (IDEAFORGE) and BSE (543932). Its next quarterly results are expected on August 2024 (Q1 FY25).