ideaForge Technology Limited IDEAFORGE NSEAITECH
ideaForge Technology Limited engages in the manufacture and marketing of unmanned aerial vehicle (UAV) systems for security and surveillance applications in India and internationally. The company provides BlueFire Touch, a ground control software for controlling and managing UAVs and autopilot subsystems; and BlueFire Live, a live streaming and payload control software, as well as autopilot and related software and artificial intelligence. It also offers Unmanned Aerial Vehicles, such as NETRA V4PRO, Q4i, Q6, NETRA V4+, SWITCH, NETRA 5, SWITCH V2, UAV- ZOLT tactical class, and YETI, a long-range logistics UAV; surveillance payloads - daylight sensors, thermal sensors, day and night integrated sensors, photogrammetry payloads, megaphones, LiDAR, Hyperspectral payloads, Multispectral payloads, synthetic aperture radar payload, and delivery payloads; and battery systems, communication systems, ground control stations, packaging systems, and other products. In addition, the company provides after-sales services, including training, product support, extended warranties, repairs and fleet maintenance, expert consulting, etc. ideaForge Technology Limited was incorporated in 2007 and is based in Navi Mumbai, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 10.3% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Earnings shrank at -51.1% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | IDEAFORGE ideaForge Technology Limited NSEAITECH | 845.00 | - | ₹3,666.36 Cr | - | -2.60% | -2.82% | 10.29% | -51.08% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,258.90 | 16.61 | ₹8.17 L Cr | 5.49% | 54.93% | 48.40% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,160.90 | 15.01 | ₹4.70 L Cr | 4.31% | 41.66% | 31.44% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,183.80 | 19.31 | ₹3.20 L Cr | 8.11% | 27.21% | 23.36% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 204.25 | 16.26 | ₹2.14 L Cr | 8.32% | 18.42% | 15.49% | 4.05% | 2.44% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,483.90 | 27.40 | ₹1.31 L Cr | 3.44% | 20.60% | 16.61% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,061.60 | 24.04 | ₹1.20 L Cr | 1.85% | 25.39% | 21.29% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,523.90 | 61.35 | ₹1.03 L Cr | - | 27.64% | 24.72% | 0.98% | - |
| 9 | WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH | 3,140.80 | 27.70 | ₹90,345.53 Cr | 0.13% | 24.21% | 31.57% | 71.63% | 191.18% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 17.61 Cr | 20.31 Cr | 12.78 Cr | 31.55 Cr | 141.04 Cr |
| Cost of Revenue | - | 9.52 Cr | 13.03 Cr | 4.89 Cr | 24.07 Cr | 45.63 Cr |
| Gross Profit | - | 8.09 Cr | 7.28 Cr | 7.89 Cr | 7.47 Cr | 95.41 Cr |
| Operating Expenses | - | 33.04 Cr | 37.15 Cr | 36.75 Cr | 44.97 Cr | 45.48 Cr |
| Operating Income | - | -24.94 Cr | -29.87 Cr | -28.86 Cr | -37.49 Cr | 49.93 Cr |
| EBITDA | - | -12.58 Cr | -17.41 Cr | -15.14 Cr | -23.91 Cr | 74.16 Cr |
| Interest Expense | - | 22.80 L | 25.10 L | 36.90 L | 1.05 Cr | 1.64 Cr |
| Pretax Income | - | -20.28 Cr | -25.69 Cr | -25.29 Cr | -35.93 Cr | 60.75 Cr |
| Tax Provision | - | 3.74 Cr | 1.50 L | -1.74 Cr | -2.08 Cr | 75.30 L |
| Net Income | - | -24.02 Cr | -25.71 Cr | -23.56 Cr | -33.85 Cr | 59.99 Cr |
| Diluted EPS | - | -5.56 | -5.92 | -5.40 | -0.75 | 13.68 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 168.58 Cr | 301.37 Cr | 161.22 Cr | 226.13 Cr |
| Cost of Revenue | - | 58.86 Cr | 157.26 Cr | 108.04 Cr | 94.97 Cr |
| Gross Profit | - | 109.72 Cr | 144.12 Cr | 53.18 Cr | 131.16 Cr |
| Operating Expenses | - | 73.51 Cr | 108.76 Cr | 135.20 Cr | 169.41 Cr |
| Operating Income | - | 36.21 Cr | 35.36 Cr | -82.03 Cr | -38.25 Cr |
| EBITDA | - | 57.35 Cr | 85.83 Cr | -31.53 Cr | 27.12 Cr |
| Interest Expense | - | 4.70 Cr | 3.59 Cr | 1.53 Cr | 3.98 Cr |
| Pretax Income | - | 40.80 Cr | 61.07 Cr | -62.40 Cr | -19.94 Cr |
| Tax Provision | - | 8.81 Cr | 15.80 Cr | -11.70 L | -2.91 Cr |
| Net Income | - | 31.99 Cr | 45.27 Cr | -62.28 Cr | -17.03 Cr |
| Diluted EPS | - | 7.68 | 10.77 | -14.41 | -3.90 |
Compounded Sales Growth
| 5 Years: | 10.29% |
| 1 Year: | 594.40% |
Compounded Profit Growth
| 5 Years: | -51.08% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +56.54% |
| 6 Months: | +81.54% |
| 3 Months: | +106.65% |
| 1 Month: | +38.71% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 487.93 Cr | 742.50 Cr | 671.82 Cr | 798.72 Cr |
| Current Assets | - | 383.69 Cr | 602.42 Cr | 415.84 Cr | 483.25 Cr |
| Cash & Equivalents | - | 2.66 Cr | 161.96 Cr | 11.92 Cr | 32.95 Cr |
| Inventory | - | 104.68 Cr | 98.28 Cr | 94.22 Cr | 143.11 Cr |
| Receivables | - | 57.36 Cr | 44.30 Cr | 56.00 Cr | 126.22 Cr |
| Total Liabilities | - | 163.21 Cr | 81.91 Cr | 63.14 Cr | 199.68 Cr |
| Current Liabilities | - | 149.43 Cr | 68.46 Cr | 48.21 Cr | 184.32 Cr |
| Long Term Debt | 0 | 0 | 0 | 0 | - |
| Total Debt | - | 100.56 Cr | 14.49 Cr | 16.47 Cr | 83.71 Cr |
| Total Equity | - | 324.72 Cr | 660.59 Cr | 608.68 Cr | 599.04 Cr |
| Shares Outstanding | - | 4.17 Cr | 4.29 Cr | 4.31 Cr | 4.33 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -53.23 Cr | 76.03 Cr | -76.79 Cr | -63.41 Cr |
| Investing Cash Flow | - | -148.91 Cr | -101.68 Cr | -68.07 Cr | 15.17 Cr |
| Financing Cash Flow | - | 176.23 Cr | 189.46 Cr | -7.59 Cr | 60.96 Cr |
| Capital Expenditure | - | -33.10 Cr | -67.03 Cr | -87.72 Cr | -88.36 Cr |
| Free Cash Flow | - | -86.33 Cr | 9.00 Cr | -164.51 Cr | -151.77 Cr |
| Net Change in Cash | - | -25.91 Cr | 163.82 Cr | -152.46 Cr | 12.71 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 65.1% | 47.8% | 33.0% | 58.0% |
| Operating Margin % | - | 21.5% | 11.7% | -50.9% | -16.9% |
| Net Margin % | - | 19.0% | 15.0% | -38.6% | -7.5% |
| ROE % | - | 9.9% | 6.9% | -10.2% | -2.8% |
| ROCE % | - | 10.7% | 5.2% | -13.2% | -6.2% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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