Ideaforge Technology
462.25
+7.75(+1.71%)
Market Cap₹1,964.20 Cr
PE Ratio-21.52
Company Performance:
1D+1.71%
1M-6.13%
6M+29.10%
1Y-25.36%
5Y-64.30%
View Company Insightsright
More news about Ideaforge Technology
01Sept 25
Potential GST Rate Cut on Drones: Implications for Ideaforge Technology and the Drone Industry
Indications suggest a possible reduction in GST rate on drones from 18% to 5%. This potential tax cut could significantly impact the drone industry, including manufacturers like Ideaforge Technology. The reduction may lead to lower costs, increased adoption across sectors, market expansion, and boost innovation in drone technology. However, this information awaits official confirmation from the GST Council or government.
06Aug 25
ideaForge Technology Seeks Shareholder Approval for Key Executive Changes and Corporate Restructuring
ideaForge Technology Limited has announced three significant corporate actions requiring shareholder approval: 1) Appointing CFO Vipul Joshi as Whole-Time Director for five years with an annual remuneration of Rs 1.53 crore, capped at Rs 5.00 crore. 2) Identifying Joshi as a Promoter alongside existing promoters, granting collective nomination rights for up to five board directors. 3) Altering the Articles of Association to formalize these changes. E-voting for shareholders is scheduled from August 8 to September 6, 2025.
06Jul 25
IdeaForge Technology Eyes 20%+ EBITDA Margin by FY26, Backed by Strong Order Pipeline
IdeaForge Technology, India's leading drone manufacturer, aims for a 20%+ EBITDA margin by FY2026, driven by expected revenue growth and a strong order pipeline. The company faces current financial challenges with significant declines in revenue and profitability compared to FY2024. However, it remains optimistic due to potential order conversions from the Indian Army's Rs 9,000-crore technology induction budget. IdeaForge focuses on swift execution of existing orders and leveraging opportunities in the defense sector to achieve its profitability goals.
23Jun 25
Ideaforge Technology Shares Surge on Rs 137 Crore Defence Ministry Order
Ideaforge Technology has received a ₹137 crore order from the defence ministry for mini UAVs with accessories, to be delivered within 12 months. This order is expected to boost the company's annual revenue by approximately 80%. Following the announcement, Ideaforge's shares rose 4.19% to ₹598.70, hitting the upper circuit. The order underscores the company's strong market position in the drone technology sector, particularly for defence applications.
09May 25
Ideaforge Tech Reports Q4 Loss and Revenue Decline Amid Challenging Market Conditions
Ideaforge Technology, a leading drone manufacturer, reported a net loss of ₹20.70 crore in Q4 FY2024, compared to a profit of ₹15.90 crore in Q4 FY2023. Revenue declined by 76.17% to ₹23.40 crore. Operating profit turned negative at ₹14.50 crore. Despite the Q4 setback, full-year FY2024 results showed resilience with revenue up 76.88% to ₹347.40 crore and net profit increasing 49.37% to ₹47.80 crore year-over-year.
08May 25
IdeaForge Technology Reports Q4 Net Loss of ₹20.4 Crore Amid Revenue Slump
IdeaForge Technology, India's leading drone manufacturer, reported a net loss of ₹20.40 crore in Q4 FY2024, compared to a profit of ₹11.79 crore in Q4 FY2023. Revenue plummeted 76.17% to ₹23.40 crore from ₹98.20 crore year-over-year. Sales decreased by 79.80% to ₹18.50 crore, and EBITDA turned negative at -₹9.60 crore. Operating profit margin fell to -78.43% from 22.60% last year, with EPS dropping to -₹4.78 from ₹3.76.
05Apr 25
IdeaForge Technology: Court Recalls Non-Bailable Warrant Against CFO, Company Confirms Non-Large Corporate Status
IdeaForge Technology, a drone technology company, is dealing with legal proceedings against its executives. The Chennai Metropolitan Magistrates Court has recalled a non-bailable warrant against the CFO and accepted sureties from other executives. The case involves charges of criminal breach of trust, cheating, and computer-related offenses, with the next hearing scheduled for April 24. Separately, the company disclosed it doesn't fall under the Large Corporate category as of March 31, 2025, with zero outstanding borrowings and a BBB+ credit rating.
20Feb 25
IdeaForge Technology Invests ₹15.96 Crore in US-based Vantage Robotics
IdeaForge Technology Limited has invested ₹15.96 crore (approx. $1.832 million) in Vantage Robotics, a US-based unmanned aircraft manufacturer. The investment, made on February 19, 2025, is in the form of a Compulsorily Convertible Promissory Note. Vantage Robotics, founded in 2013, specializes in UAV and UAV components manufacturing. This strategic move aims to enhance IdeaForge's technological capabilities and potentially expand its market presence, particularly in the US. The investment complies with RBI guidelines and is subject to necessary regulatory approvals.
Ideaforge Technology
462.25
+7.75
(+1.71%)
1 Year Returns:-25.36%
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