| Quarterly Financials | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 100 | 43 | 10 | 43 | 101 | 39 | 98 | 108 | 92 | 43 | 23 | 25 | 17 | 44 |
| Expenses | 44 | 33 | 24 | 38 | 69 | 32 | 71 | 87 | 84 | 53 | 35 | 42 | 32 | 52 |
| EBITDA | 56 | 10 | -14 | 5 | 32 | 7 | 26 | 20 | 9 | -10 | -13 | -17 | -15 | -8 |
| Operating Profit % | 55 % | 17 % | -207 % | 3 % | 29 % | -33 % | 22 % | 15 % | 3 % | -43 % | -99 % | -108 % | -149 % | -28 % |
| Depreciation | 3 | 3 | 3 | 3 | 5 | 5 | 6 | 6 | 7 | 7 | 8 | 8 | 10 | 11 |
| Interest | 0 | 1 | 1 | 3 | 2 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 |
| Profit Before Tax | 53 | 6 | -18 | -1 | 25 | 1 | 20 | 14 | 2 | -18 | -20 | -26 | -25 | -20 |
| Tax | 12 | 2 | -10 | 5 | 6 | 0 | 5 | 4 | 0 | -4 | 4 | 0 | -2 | 0 |
| Net Profit | 41 | 4 | -8 | -5 | 19 | 1 | 15 | 10 | 1 | -14 | -24 | -26 | -24 | -20 |
| EPS in ₹ | 12.09 | 1.10 | -2.17 | -1.45 | 4.86 | 0.21 | 3.49 | 2.40 | 0.27 | -3.18 | -5.56 | -5.92 | -5.40 | -4.49 |
Ideaforge Technology
Ideaforge Technology
462.25
+7.75
(1.71%)
There are 2 new updates from the company1 day ago
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Key Fundamentals
Market Cap
1,964.20 Cr
EPS
-14.41
PE Ratio
-21.19
Dividend Yield
0.00 %
Industry
Aerospace & Defense 52 Week High
661.25
52 Week Low
304.20
PB Ratio
3.23
Debt to Equity
0.02
Sector
Engineering Analyst Rating and Forecast
- By Refinitiv from1 analysts
Actual
Company News
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CRISIL Limited revised IdeaForge Technology Limited's corporate credit rating outlook from Stable to Negative while maintaining the CRISIL BBB rating. The rating agency communicated this change on November 6, 2025. CRISIL BBB rating indicates that issuers are considered to have moderate degree of safety regarding timely servicing of debt obligations, with debt exposures carrying moderate credit risk. The company informed BSE and NSE about this rating action through regulatory disclosure.
ideaForge Technology Reports Q2 FY26 Results with Revenue Growth and Strong Order Book3 days ago
ideaForge Technology Limited reported consolidated revenue of INR 40.8 crores for Q2 FY26 versus INR 37.1 crores in Q2 FY25. Half-year revenue stood at INR 53.5 crores compared to INR 123.3 crores in H1 FY25. The company achieved gross profit margin of 50% for the quarter and 52.8% for the half-year. EBITDA was negative INR 8 crores for Q2 and negative INR 23.1 crores for H1. PAT recorded losses of INR 19.6 crores for the quarter and INR 43.2 crores for the half-year. Order book as of October 28 stood at approximately INR 238 crores. The company announced a joint venture between its US subsidiary and FirstBreach Inc. to expand in the US defense market. Both SWITCH UAV and Q6 UAV received NATO Stock Numbers, validating compliance with global military standards. Management indicated majority of current orders are from defense emergency procurement and are expected to be executed within 12 months.
IdeaForge Tech Advances Zolt Project Development and Partners with GalaxEye on Radar Technology
8 days ago
8 days agoIdeaForge Tech is developing Zolt, a project that has been in development for 1.5 years and is experiencing growing customer interest and trials. The company is also working on synthetic aperture radar technology in partnership with GalaxEye to improve observation capabilities in foggy weather conditions.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
4,626.60 | #1 3,07,208.50 | #1 36.95 | #1 33,542.60 | 3.92 | #1 8,364 | -3.71 | 39.39 | |
414.25 | 2,98,823.80 | 52.45 | 24,511.10 | 17.06 | 5,287 | 17.79 | 52.55 | |
13,573.00 | 1,21,039.50 | 90.32 | 7,611.10 | 24.49 | 1,288 | 17.34 | 40.96 | |
2,670.30 | 1,06,109.10 | 45.44 | 12,553.10 | 18.78 | 2,277 | 28.10 | 36.33 | |
1,447.70 | 52,715.40 | 94.02 | 3,695.50 | 35.31 | 550 | #1 155.56 | 37.67 | |
2,574.10 | 29,602.50 | 48.05 | 5,410.50 | 39.01 | 527 | 57.26 | 47.63 | |
2,616.20 | 14,633.10 | 68.21 | 113.70 | 2.06 | 4 | -22.26 | 39.51 | |
1,358.80 | 12,434.80 | 45.85 | 1,032.00 | #1 126.91 | 299 | -2.37 | 42.39 | |
1,042.50 | 9,840.10 | 60.46 | 1,068.70 | 16.10 | 154 | 126.39 | 45.44 | |
268.45 | 8,883.60 | 111.95 | 565.00 | 51.27 | 56 | 91.08 | 35.51 |
Growth Rate
Revenue Growth
-47.04 %
Net Income Growth
-237.53 %
Cash Flow Change
-200.99 %
ROE
-249.34 %
ROCE
-201.67 %
EBITDA Margin (Avg.)
-169.33 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 0 | 124 | 222 | 488 | 743 | 672 |
| Fixed Assets | 0 | 13 | 26 | 49 | 67 | 97 |
| Current Assets | 0 | 81 | 144 | 384 | 602 | 416 |
| Capital Work in Progress | 0 | 14 | 19 | 25 | 54 | 100 |
| Investments | 0 | 0 | 11 | 125 | 88 | 120 |
| Other Assets | 0 | 97 | 166 | 289 | 533 | 355 |
| Total Liabilities | 0 | 124 | 222 | 488 | 743 | 672 |
| Current Liabilities | 0 | 24 | 47 | 149 | 69 | 48 |
| Non Current Liabilities | 0 | 40 | 12 | 14 | 14 | 15 |
| Total Equity | 0 | 60 | 163 | 325 | 661 | 609 |
| Reserve & Surplus | 0 | 60 | 110 | 303 | 618 | 566 |
| Share Capital | 0 | 0 | 0 | 21 | 43 | 43 |
Cash Flow
| Cash Flow | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -11 | 5 | 25 | -26 | 164 | -153 |
| Investing Activities | 5 | -7 | -31 | -149 | -102 | -68 |
| Operating Activities | -17 | -31 | 67 | -53 | 76 | -77 |
| Financing Activities | 1 | 43 | -11 | 176 | 190 | -8 |
Share Holding
| % Holding | Jul 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 30.19 % | 30.19 % | 29.34 % | 29.33 % | 29.33 % | 29.23 % | 29.23 % | 29.17 % | 29.10 % | 33.36 % |
| FIIs | 0.00 % | 2.76 % | 3.47 % | 2.75 % | 2.93 % | 3.50 % | 1.37 % | 1.56 % | 0.60 % | 0.25 % |
| DIIs | 11.75 % | 10.19 % | 6.40 % | 3.78 % | 3.41 % | 2.47 % | 2.48 % | 1.52 % | 1.51 % | 1.49 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 18.50 % | 14.39 % | 18.57 % | 24.71 % | 33.17 % | 33.83 % | 36.15 % | 36.79 % | 40.36 % | 42.82 % |
| Others | 39.57 % | 42.47 % | 42.23 % | 39.43 % | 31.16 % | 30.96 % | 30.77 % | 30.96 % | 28.44 % | 22.07 % |
| No of Share Holders | 42,794 | 87,735 | 1,04,732 | 1,44,920 | 1,74,253 | 1,79,920 | 1,78,211 | 1,74,302 | 1,92,754 | 1,89,028 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 08 Aug 2024 |  Annual General Meeting | NA | 08 Aug 2024 | 831.65 | 711.05 |
| 28 Oct 2024 |  Quarterly Result Announcement | NA | 28 Oct 2024 | 668.85 | 606.35 |
| 28 Jan 2025 | Quarterly Result Announcement | NA | 28 Jan 2025 | 548.85 | 508.30 |
| 08 May 2025 | Quarterly Result Announcement | NA | 08 May 2025 | 363.85 | 358.05 |
| 22 Jul 2025 | Quarterly Result Announcement | NA | 22 Jul 2025 | 566.70 | 548.45 |
| 31 Jul 2025 | Annual General Meeting | NA | 31 Jul 2025 | 585.95 | 459.60 |
| 28 Oct 2025 | Quarterly Result Announcement | NA | 28 Oct 2025 | 472.50 | 497.00 |
Announcements
Announcement under Regulation 30 (LODR)-Credit Rating1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Credit Rating1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Investor Presentation10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release10 days ago
10 days agoUnaudited Financial Results For The Quarter And Half Year Ended September 30 202510 days ago
10 days agoBoard Meeting Outcome for Board Meeting Outcome For Unaudited Financial Results Of The Company (Standalone & Consolidated) For The Quarter And Half Year Ended September 30 202510 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 15, 2025
Oct 15, 2025Board Meeting Intimation for Board Meeting Intimation For Considering And Approving The Unaudited (Standalone & Consolidated) Financial Results For The Quarter And Half Year Ended September 30 2025.Oct 14, 2025
Oct 14, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSOct 10, 2025
Oct 10, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 07, 2025
Oct 07, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Intimation Regarding Joint Venture Arrangement By The Companys Wholly Owned Subsidiary.Sep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 16, 2025
Sep 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 06, 2025
Sep 06, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportSep 06, 2025
Sep 06, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotSep 06, 2025
Sep 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 07, 2025
Aug 07, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotAug 06, 2025
Aug 06, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJul 31, 2025
Jul 31, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJul 28, 2025
Jul 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 23, 2025
Jul 23, 2025Statement Of Deviation And Variation For The Quarter Ended June 30 2025.Jul 22, 2025
Jul 22, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportJul 22, 2025
Jul 22, 2025Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)Jul 22, 2025
Jul 22, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 22, 2025
Jul 22, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 22, 2025
Jul 22, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJul 22, 2025
Jul 22, 2025Unaudited Financial Results For The Quarter Ended June 30 2025Jul 22, 2025
Jul 22, 2025Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended June 30 2025 And Fixing Of Shareholders Meeting Through Postal Ballot.Jul 22, 2025
Jul 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 15, 2025
Jul 15, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJul 14, 2025
Jul 14, 2025Board Meeting Intimation for Considering And Approving The Unaudited (Standalone & Consolidated) Financial Results For The Quarter Ended June 30 2025.Jul 14, 2025
Jul 14, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 08, 2025
Jul 08, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorJul 08, 2025
Jul 08, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 07, 2025
Jul 07, 2025Business Responsibility and Sustainability Reporting (BRSR)Jul 04, 2025
Jul 04, 2025Reg. 34 (1) Annual Report.Jul 04, 2025
Jul 04, 2025Notice Of The 18Th Annual General Meeting Along With The Annual Report For FY 2024-25.Jul 04, 2025
Jul 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 30, 2025
Jun 30, 2025Closure of Trading WindowJun 25, 2025
Jun 25, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 23, 2025
Jun 23, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJun 16, 2025
Jun 16, 2025Cancellation Of Analyst/Institutional Investor Meeting Which Was Scheduled To Be Held On Monday June 09 2025.Jun 06, 2025
Jun 06, 2025Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 HDFC Defence Fund Direct - Growth | 0.00% | -318313 | -0.23% | -0.24% | |
 Axis Innovation Fund Direct-Growth | 0.00% | -122077 | -0.52% | -0.51% | |
 Aditya Birla Sun Life Nifty India Defence Index Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Bandhan Nifty Total Market Index Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Groww Nifty Total Market Index Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Mirae Asset Nifty Total Market Index Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Motilal Oswal Nifty India Defence Index Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
| Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% |
Technical Indicators
RSI(14)
Neutral 35.81
ATR(14)
Volatile 16.47
STOCH(9,6)
Neutral 40.70
STOCH RSI(14)
Neutral 28.02
MACD(12,26)
Bearish -1.33
ADX(14)
Weak Trend 13.45
UO(9)
Bearish 39.53
ROC(12)
Downtrend And Accelerating -3.77
WillR(14)
Oversold -93.27
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