Ideaforge Technology Ltd Stock Price Today (NSE: IDEAFORGE)

Ideaforge Technology Ltd

887.10+12.00 (+1.37%)
Market Closed

Fundamental Score

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Ideaforge Technology Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Ideaforge Technology Ltd share price today is 887.10, up +1.37% on NSE/BSE as of 3 August 2026. Ideaforge Technology Ltd (IDEAFORGE) is a Small-cap company in the Aerospace & Defense sector with a market capitalisation of 4.36K (Cr). The 52-week high for IDEAFORGE share price is 992.25 and the 52-week low is 366.00. The company has a Return on Equity (ROE) of -3.34% and a debt-to-equity ratio of 0.14.

Ideaforge Technology Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
935.00
Low
810.00
Volume
1.8L
Change
+2.18%

Ideaforge Technology Ltd share price chart: 2.18% return over the past month. 52-week high ₹992.25, 52-week low ₹366.00.

Ideaforge Technology Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
851.00879.90850.25875.101.60L (Cr)
850.10858.00840.10851.101.23L (Cr)
847.95858.90846.00848.5083.24K (Cr)
860.00863.20840.00847.951.64L (Cr)
870.65884.90857.00860.251.20L (Cr)
849.00899.00844.70870.651.62L (Cr)
855.00870.00852.00861.051.04L (Cr)
857.30864.90838.55850.3586.60K (Cr)
851.80874.00845.00857.301.33L (Cr)
854.00855.00822.00843.751.89L (Cr)

Ideaforge Technology Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
816.00935.00810.00875.10+7.24%
856.00992.25776.80815.65-4.71%
609.20888.00609.20845.00+38.71%
383.95622.20381.35609.20+58.67%
407.00474.95366.00371.75-8.66%
442.00455.00404.00413.00-6.56%
469.50495.00389.00461.50-1.70%
465.00509.00407.10468.80+0.82%
483.05522.50451.00463.35-4.08%
506.80520.35464.40482.70-4.76%
490.05556.25480.75504.25+2.90%
435.00529.45422.70487.65+12.10%

AI Research Briefing

Powered by Gemini · 2026-04-08

Ideaforge is a binary bet on defense indigenization; either they execute and profit, or the narrative collapses.

Research Confidence
6.0/10Moderate
GOVT CAPEX DARK HORSENegative, with a 6M decline of -21.47%.Expensive, with a negative P/E ratio compared to an industry P/E of 64.22x.

WHAT'S HAPPENING NOW

Ideaforge secured its first US purchase order to deploy autonomous UAVs across schools in Texas. Q3 FY26 results (ended Dec 31, 2025) showed a 79% YoY increase in revenue to , but a net loss of The company booked its highest-ever order inflow, with YTD order bookings at approximately Specifically, they received a order from the Indian Army for tactical UAVs.

CORE STORY

Ideaforge is being priced as a play on the indigenization of defense, specifically in the unmanned aerial vehicle (UAV) sector. The market sees them as a key beneficiary of increased defense spending and the push for self-reliance in military technology.

Why Now
  • First US order signals international expansion potential
  • Record order book of ₹440 crore provides revenue visibility
  • Strong defense order inflow continues
Potential Catalysts
  • New large defense contracts
  • Successful execution of existing order book
  • Positive policy changes favoring domestic drone manufacturers
Key Risks
  • Continued losses despite revenue growth
  • Small-cap liquidity risk
  • High reliance on government contracts
Institutional Activity

Promoter holding increased by 4.26%, while FII holding decreased by 0.35%.

Macro Context

Government focus on 'Atmanirbhar Bharat' in defense provides a tailwind.

Order Book / Expansion

Secured first US purchase order for deployment in Texas schools. Order bookings stood at approximately INR 440 crore YTD in FY26.

Cash Flow Quality

No, with a negative free cash flow of ₹-228.53 Cr over the last 5 years.

3–6 Month Outlook

In the next 3-6 months, Ideaforge needs to demonstrate strong execution of its order book and improved profitability. Continued losses will erode investor confidence.

Primary Thesis Risk

Failure to convert order book into revenue and profits will destroy the investment thesis.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

-3.34%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

-2.81%

Returns generated on total capital deployed

Good

Oper. Profit Margin (5Y Avg)

12.72%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Ideaforge Technology Ltd Valuation Check

Price to Earnings (P/E)

N/A

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

60.64x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

28.96%

% shares held by company founders/management

Poor

FII Holding

4.89%

% shares held by foreign institutional investors

Poor

DII Holding

2.69%

% held by domestic mutual funds, LIC, banks

Poor

Promoter Pledged %

2.95%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

333.33%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

594.44%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

45.46%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

14.84%

Earnings per share growth over 5 years

Poor

Net Profit Growth (5-Year CAGR)

-9.08%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.14x

Total debt ÷ equity. Below 0.5 = financially healthy

Poor

Interest Coverage Ratio

-3.91x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-340.49 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Ideaforge Technology Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of IDEAFORGE across key market metrics for learning purposes.

Positive Indicators

4 factors identified

Robust Profit Growth (333.33%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (594.44%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Consistent Growth Track Record (45.46% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Conservative Debt Levels (D/E: 0.14)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Risk Factors

8 factors identified

Below-Average Return on Equity (-3.34%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Suboptimal ROCE (-2.81%)

Observation: Returns on capital employed are below expectations.

Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.

Stagnant Profit Growth (-9.08% CAGR)

Observation: Limited 5-year profit growth trajectory.

Analysis: Low profit growth may indicate scalability challenges or market maturity.

Weak Interest Coverage (-3.91x)

Observation: Limited ability to service debt obligations from earnings.

Analysis: Low interest coverage raises concerns about financial stability.

Negative Free Cash Flow (₹-340.49 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Low Promoter Commitment (28.96%)

Observation: Reduced promoter stake may indicate limited confidence.

Analysis: Low promoter holding may raise questions about management commitment.

Limited Institutional Interest (FII+DII: 7.58%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Ideaforge Technology Ltd vs Aerospace & Defense Peers

Peer Comparison - Aerospace & Defense

Compare Ideaforge Technology Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
33.5/100
887
₹4364.77
-3.34%
Poor
-2.81%
Poor
0.1
Excellent
-9.08%
Poor
45.46%
Excellent
0.00%
72.3/100
388
₹300395.36
49.5
Average
27.58%
Excellent
36.53%
Excellent
0.0
Excellent
23.64%
Excellent
14.37%
Good
0.58%
68.8/100
4647
₹295661.94
32.4
Average
23.98%
Excellent
31.96%
Excellent
0.0
Excellent
23.00%
Excellent
7.78%
Good
0.90%
42.3/100
1253
₹46604.72
110.9
Average
10.19%
Average
13.84%
Average
0.0
Excellent
10.28%
Good
4.99%
Average
0.37%
80.3/100
2601
₹30027.54
40.1
Average
31.79%
Excellent
42.96%
Excellent
0.0
Excellent
36.23%
Excellent
43.75%
Excellent
0.53%
58.5/100
4281
₹23455.32
94.9
Average
15.24%
Good
21.92%
Excellent
0.0
Excellent
34.78%
Excellent
32.79%
Excellent
0.24%
48.3/100
5726
₹20596.28
209.9
Average
12.61%
Average
15.20%
Good
0.5
Excellent
16.32%
Excellent
28.88%
Excellent
0.00%
56.8/100
1862
₹16615.23
86.1
Average
15.99%
Good
20.25%
Excellent
0.2
Excellent
46.22%
Excellent
12.65%
Good
0.13%
59.2/100
1615
₹16466.77
85.4
Average
10.74%
Average
16.18%
Good
0.0
Excellent
128.29%
Excellent
65.95%
Excellent
0.05%
48.9/100
390
₹15044.19
133.2
Average
11.76%
Average
14.47%
Average
0.4
Excellent
61.59%
Excellent
34.81%
Excellent
0.06%
63.59999999999999/100
1257
₹9801.78
114.0
Average
12.59%
Average
16.90%
Good
0.0
Excellent
40.50%
Excellent
27.16%
Excellent
0.02%

Ideaforge Technology Ltd PE Ratio History

Historical price-to-earnings ratio for IDEAFORGE — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 202410.77₹590.1554.8x
FY 20237.68₹830.15108.1x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Ideaforge Technology Ltd Quarterly Performance

Latest quarterly metrics for IDEAFORGE — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

594.44%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

333.33%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

45.46%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

-9.08%

Compounded annual net profit growth over 5 years

Ideaforge Technology Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for IDEAFORGE — calculated from daily price history

42RSI 14
Neutral — RSI 42

Momentum is balanced — neither overbought nor oversold.

SMA 50
864
▲ Price above SMA 50 — Short-term bullish
SMA 200
580
▲ Price above SMA 200 — Long-term uptrend
30-Day Avg Volume
192K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Ideaforge Technology Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Ideaforge Technology Ltd (IDEAFORGE) — sourced from NSE/BSE filings.

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Fetching financial data for Ideaforge Technology Ltd

About IDEAFORGE (Ideaforge Technology Ltd)

Ideaforge Technology Ltd is a pioneering force within the Aerospace & Defense sector, specializing in the design, development, and manufacturing of advanced Unmanned Aerial Vehicle... (UAV) systems. Situated at the forefront of technological innovation, the company delivers cutting-edge drone solutions primarily tailored for enhancing security and surveillance capabilities across diverse terrains, both in India and on a global scale. Ideaforge distinguishes itself through its commitment to creating robust and versatile UAV platforms meticulously engineered to meet the evolving demands of modern defense and security challenges, thus contributing to heightened situational awareness and improved operational effectiveness for its clientele. Beyond the physical aircraft, Ideaforge cultivates a holistic ecosystem encompassing proprietary software solutions meticulously crafted to optimize UAV functionality and user experience. Their offerings include sophisticated ground control software designed for seamless UAV management and autopilot oversight, alongside real-time streaming and payload management tools, enabling operators to maintain consistent and precise control throughout missions. These software suites, fueled by advanced algorithms and artificial intelligence, elevate the capabilities of the UAV fleet, unlocking unparalleled insights and enabling swift, informed decision-making in critical situations. The integration of hardware and software creates a streamlined, user-centric approach that places Ideaforge at the pinnacle of drone technology. Furthermore, Ideaforge exemplifies its commitment to innovation through the continued development of a diverse range of UAV platforms, each tailored to specific operational requirements. These platforms extend beyond traditional surveillance applications, encompassing solutions for mapping, inspection, and other specialized tasks. By leveraging cutting-edge materials, advanced propulsion systems, and intelligent flight control algorithms, Ideaforge delivers UAVs with enhanced endurance, payload capacity, and operational versatility. The company's unwavering focus on research and development ensures its continued leadership position in the UAV market, providing clients with solutions that push the boundaries of what's possible in unmanned aerial technology.

Company Details

Symbol:IDEAFORGE
Industry:Aerospace & Defense
Sector:Aerospace & Defense

Key Leadership

Mr. Ankit Mehta
Co-Founder, CEO & Whole-Time Director
Mr. Rahul Singh
Co-Founder, VP of Engineering & Whole-Time Director
Mr. Ashish Bhat
Co-Founder, VP of Product Development & Whole-Time Director

IDEAFORGE Share Price: Frequently Asked Questions

What is the current share price of Ideaforge Technology Ltd?

Ideaforge Technology Ltd (IDEAFORGE) trades at ₹887.10 on NSE and BSE. Market cap ₹4.36K (Cr). Educational data only.

What is the P/E ratio of Ideaforge Technology Ltd?

Ideaforge Technology Ltd has a P/E of N/Ax vs industry average 60.64x.

What is the Bull Run score for Ideaforge Technology Ltd?

Ideaforge Technology Ltd has a Bull Run score of 33.5/100 based on 25+ financial parameters.

Does Ideaforge Technology Ltd pay dividends?

Ideaforge Technology Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Ideaforge Technology Ltd?

Ideaforge Technology Ltd has ROE of -3.34%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Ideaforge Technology Ltd?

Ideaforge Technology Ltd has debt-to-equity of 0.14.

Is Ideaforge Technology Ltd a good investment?

Bull Run gives Ideaforge Technology Ltd a score of 33.5/100. This is not investment advice — consult a SEBI-registered advisor.