ideaForge Technology Limited share price

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 integrat…Read more

Website NSE हिंदी में BSE

TechnologyComputer HardwareNSE: IDEAFORGEISIN INE349Y01013

16 Oct 2026, 3:30 PM IST₹730.55▲ 9.85 (1.37%)

Market Cap₹ 3,632 Cr.
Current Price₹ 730.55
High / Low₹ 992 / 366
Stock P/E93.1
Book Value₹ 138
Dividend Yield0.00 %
ROCE-2.6 %
ROE-2.80 %
Face Value₹ 10.0

More figures (10)

EPS (TTM)₹ 7.85
Price / Book5.28
OPM-16.5 %
Debt / Equity0.14
Sales growth (4Y)10.3 %
Profit growth (4Y)—
Promoter holding42.8 %
EV / EBITDA-260.7
Beta1.97
All-time high₹ 1,344

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
IDEAFORGE	+4.02%	-14.36%	+56.74%	+55.83%	+53.95%	-2.97%	—
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

ideaForge Technology Limited is in the Computer Hardware industry (Technology), with a market value of ₹3,632 crore.
It trades at 93.1 times its last 12 months' earnings and 5.3 times book value.
Revenue grew 10.3% a year over the last 4 years.
Return on equity was -2.8% and return on capital employed -2.6% in the latest year.
Debt was 0.14 times shareholders' equity.
The share price is 26.4% below its 52-week high and up 54.0% over one year.
Promoters and insiders hold about 42.8%; institutions about 16.1%.

Pros

Borrowings are moderate at 0.14 times shareholders' equity.

Cons

Return on equity has been low: -1.1% on average over the last 3 years.
Interest cover is thin: operating earnings are -4.3 times the interest cost.
Institutional (FII + DII) holding has fallen by 5.4 points over 3 years.
The company has not paid a dividend recently.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About ideaForge Technology Limited

Head office: Navi Mumbai

TechnologyComputer Hardware

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	ideaForge Technology	730.55	93.1	3,632	0.00	-3	—	69	436.68	-2.6	-2.8	5.28	-16.5	0.14	42.75	226	10.3
2.	Netweb Technologies India	4,731.70	103.1	28,129	0.06	85	179.94	820	172.13	38.8	32.9	37.15	13.2	0.39	64.16	2,184	70.4
	Median: 2 Co.	2,731.13	98.1	15,880	0.03	41	179.94	444	304.41	18.1	15.1	21.22	-1.7	0.27	53.46	1,205	40.4

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	97	24	91	102	86	37	18	20	13	54	32	141	69
YOY Sales Growth %					-11.21%	56.35%	-80.62%	-80.15%	-85.17%	44.31%	79.11%	594.45%	436.68%
	69	32	71	87	84	53	35	42	32	84	58	79	66
Material Cost %	44%	58%	46%	57%	67%	75%	54%	64%	38%	47%	76%	32%	51%
Employee Cost %	16%	35%	11%	19%	14%	37%	73%	67%	98%	51%	50%	11%	22%
Other Expenses %	10%	40%	21%	10%	17%	30%	73%	77%	113%	58%	57%	13%	24%
Operating Profit	28	-8	20	15	2	-16	-17	-22	-19	-30	-27	62	2
OPM %	29%	-33%	22%	15%	3%	-43%	-99%	-108%	-149%	-57%	-84%	44%	3%
Other Income	4	15	7	5	6	6	5	4	4	7	3	12	2
Interest	2	1	0	0	0	1	0	0	0	1	1	2	2
Depreciation	5	5	6	6	7	7	7	8	10	20	11	12	14
Profit before tax	25	1	20	14	2	-18	-20	-26	-25	-45	-36	61	-12
	25%	33%	27%	27%	25%							1%
Current tax	7	1	7	5	-1	-3	4						-6
Deferred tax	-1	-0	-2	-1	1	-1	-0	0	-2	-2	-2	1	-3
	19	1	15	10	1	-14	-24	-26	-24	-43	-34	60	-3
Profit to shareholders		1				-14					-34	60	-3
YOY Profit Growth %					-93.78%	-1,639.13%	-262.29%	-348.76%	-2,106.47%
EPS in Rs	4.86	0.21	3.49	2.40	0.27	-3.18	-5.56	-5.92	-5.40	-9.90	-7.75	13.72	-0.59
Raw filing

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	97	24	92	105	86	37	18	24	13	54	32	141	68
YOY Sales Growth %					-10.93%	56.78%	-79.81%	-77.28%	-85.22%	46.36%	70.53%	492.57%	435.34%
	69	32	71	87	83	51	33	41	29	78	55	78	66
Material Cost %	44%	58%	46%	57%	67%	76%	53%	63%	38%	46%	76%	32%	51%
Employee Cost %	16%	35%	11%	18%	14%	36%	62%	54%	90%	47%	47%	10%	22%
Other Expenses %	10%	40%	21%	9%	16%	26%	64%	57%	102%	51%	52%	13%	23%
Operating Profit	28	-8	21	17	3	-14	-15	-18	-17	-24	-24	63	3
OPM %	29%	-33%	23%	16%	4%	-38%	-78%	-74%	-129%	-43%	-76%	45%	4%
Other Income	4	15	7	5	6	6	5	4	4	7	3	12	2
Interest	2	1	0	0	0	1	0	0	0	1	1	2	2
Depreciation	5	5	6	6	7	7	7	8	10	20	11	12	14
Profit before tax	25	1	21	16	3	-16	-17	-21	-23	-38	-33	62	-12
	25%	33%	25%	28%	25%							2%
Current tax	7	1	7	6	-1	-3	4						-6
Deferred tax	-1	-0	-2	-1	1	-1	-1	-1	-1	-1	-2	1	-3
	19	1	16	12	2	-12	-21	-20	-22	-37	-31	60	-2
YOY Profit Growth %					-89.92%	-1,467.71%	-229.82%	-273.01%	-1,245.22%
EPS in Rs	4.86	0.21	3.76	2.74	0.44	-2.82	-4.78	-4.70	-4.99	-8.45	-7.18	13.82	-0.53
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	314	161	226	295
YOY Sales Growth %		-48.66%	40.26%
	259	214	221	288
Material Cost %	50%	67%	42%	44%
Employee Cost %	17%	32%	26%	25%
Other Expenses %	16%	34%	30%	29%
Operating Profit	55	-53	5	7
OPM %	18%	-33%	2%	2%
Other Income	30	21	22	24
Interest	4	2	4	6
Depreciation	21	29	43	57
Profit before tax	61	-62	-20	-32
	26%
Current tax	20
Deferred tax	-4	-0	-3
	45	-62	-17	-20
Profit to shareholders			-17	24
YOY Profit Growth %		-237.58%
EPS in Rs	10.96	-14.41	-3.90	-4.52

Compounded Sales Growth

TTM:: 236%

Stock Price CAGR

3 Years:: -3%
1 Year:: 54%

Return on Equity

4 Years:: 2%
Last Year:: -3%

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	317	166	227	295
YOY Sales Growth %		-47.66%	36.71%
	258	209	212	277
Material Cost %	50%	67%	42%	44%
Employee Cost %	17%	30%	24%	24%
Other Expenses %	15%	30%	28%	27%
Operating Profit	59	-43	15	18
OPM %	19%	-26%	7%	6%
Other Income	30	21	22	24
Interest	4	2	4	6
Depreciation	21	29	43	57
Profit before tax	65	-52	-10	-21
	26%
Current tax	21
Deferred tax	-4	-1	-2
	48	-51	-8	-10
YOY Profit Growth %		-207.37%
EPS in Rs	11.58	-11.89	-1.78	-2.34

Compounded Sales Growth

TTM:: 220%

Stock Price CAGR

3 Years:: -3%
1 Year:: 54%

Return on Equity

4 Years:: 2%
Last Year:: -3%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	21	43	43	43
Reserves	303	618	566	556
	101	14	16	84
Short term borrowings	87			72
	63	67	47	116
Trade payables	14	16	9	41
Current liabilities	149	68	48	184
Total Liabilities	488	743	672	799
	27	35	50	44
Gross block	36	52	82	95
Accumulated depreciation	8	17	32	51
Goodwill & intangibles	46	86	148	204
CWIP	3	7	5	0
	457	701	616	755
Inventories	105	98	94	143
Trade receivables	57	44	56	126
Cash & equivalents	3	162	12	30
Current assets	384	602	416	483
Total Assets	488	743	672	799

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-53	76	-77	-63
Profit for the year	32	45	-62	-17
Working capital changes	-125	25	-27	-74
Direct taxes paid	-6	-20	-2	0
	-149	-102	-68	15
Fixed assets purchased	-33	-67	-88	-88
Fixed assets sold			0	0
Investments purchased	-119	-93	-25
Investments sold		46	31	99
	176	189	-8	61
Proceeds from borrowings	87			72
Repayment of borrowings	-6	-87
Interest paid	-4	-3	-1	-3
Net Cash Flow	-26	164	-152	13
Free Cash Flow	-86	9	-165	-152

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	9.9%	9.2%	-9.8%	-2.8%
ROCE	—	13.4%	9.6%	-9.9%	-2.6%
Operating margin	—	21.5%	11.7%	-50.2%	-16.5%
Net margin	—	19.0%	15.0%	-38.6%	-7.5%
Debt / equity	—	0.31	0.02	0.03	0.14
Current ratio	—	2.57	8.80	8.63	2.62
Debtor days	—	124	54	127	203
Inventory days	—	649	228	316	543
Days payable	—	87	37	29	155
Cash conversion cycle	—	686	245	414	591
Working capital days	—	507	647	833	483

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 28.96%
FIIs 4.89%
DIIs 2.69%
Public 63.46%

%	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	30.19%	29.34%	29.33%	29.33%	29.23%	29.23%	29.17%	29.10%	28.97%	28.97%	29.04%	28.96%
	2.76%	3.47%	2.75%	2.93%	3.50%	1.37%	1.56%	0.60%	0.25%	0.20%	0.73%	4.89%
Foreign portfolio investors (Cat. I)	2.76%	3.43%	2.72%	2.89%	3.46%	1.32%	1.42%	0.60%	0.24%	0.19%	0.56%	4.17%
Foreign portfolio investors (Cat. II)		0.03%	0.03%	0.03%	0.04%	0.04%	0.14%		0.01%	0.01%	0.17%	0.72%
	10.19%	6.40%	3.78%	3.41%	2.47%	2.48%	1.52%	1.51%	1.48%	1.48%	1.50%	2.69%
Mutual funds	7.16%	4.55%	3.09%	2.78%	1.82%	1.96%	1.02%	1.02%	1.02%	1.02%	1.03%	1.81%
Insurance companies	1.76%	0.85%	0.20%	0.15%
Banks	0.48%	0.47%	0.47%	0.47%	0.47%	0.47%	0.47%	0.47%	0.47%	0.47%	0.47%	0.47%
Alternative investment funds	0.75%	0.52%			0.05%	0.05%	0.03%	0.02%				0.41%
	56.86%	60.80%	64.14%	64.34%	64.80%	66.92%	67.75%	68.80%	69.30%	69.36%	68.73%	63.46%
Retail (up to ₹2 lakh)	9.54%	12.64%	20.35%	28.80%	29.18%	30.31%	30.55%	35.02%	35.56%	35.98%	36.07%	30.80%
HNIs (above ₹2 lakh)	4.85%	5.93%	4.36%	4.37%	4.65%	5.84%	6.24%	5.35%	7.48%	6.69%	6.38%	7.92%
NRIs	2.91%	4.46%	4.71%	3.57%	3.79%	3.67%	3.64%	3.74%	3.74%	3.82%	3.84%	3.40%
Bodies corporate	7.83%	7.65%	6.29%	6.48%	6.63%	6.58%	6.77%	6.43%	5.26%	6.47%	6.31%	5.45%
No. of Shareholders	87,735	1,04,732	1,44,920	1,74,253	1,79,920	1,78,211	1,74,302	1,92,754	1,89,030	1,84,735	1,83,339	1,65,675

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding ideaForge Technology

No single fund or institution holds more than 1%.

As named in the shareholding pattern for Jun 2026 filed with NSE; mutual funds together hold 1.81% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 1 Jan 1970
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about ideaForge Technology Limited

What is the share price of ideaForge Technology Limited today?

ideaForge Technology Limited (IDEAFORGE) last traded at ₹730.55 on NSE (16 Oct 2026, 3:30 PM IST). Prices may be delayed.

What is the market cap of ideaForge Technology Limited?

About ₹3,632 crore at the latest price.

What is the P/E ratio of ideaForge Technology Limited?

About 93.1 times its earnings over the last 12 months.

Is ideaForge Technology Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy ideaForge Technology Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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ideaForge Technology Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About ideaForge Technology Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Mutual funds & institutions holding ideaForge Technology

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about ideaForge Technology Limited

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