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ideaForge Technology Limited (IDEAFORGE.NS)

INR877.75 -25.45 (-2.82%)
IN NSE Technology Computer Hardware
Address EL-146, T.T.C. Industrial Area 400 710
Navi Mumbai, IN
CEO Ankit Mehta
IPO 2023-07-07
ISIN INE349Y01013

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Also trades on Bombay Stock Exchange · IDEAFORGE.BO (INR) National Stock Exchange of India · IDEAFORGE.NS (INR)
Description

ideaForge Technology Limited is dedicated to developing, manufacturing, and distributing unmanned aerial vehicle (UAV) systems, also known as drones. These systems are primarily designed for security and surveillance applications, serving clients both within India and worldwide. The company provides advanced software offerings such as BlueFire Live!, a software-as-a-service (SaaS) platform that allows for real-time video streaming from UAVs and remote control of their payloads. Additionally, they offer BlueFire Touch, a ground control software utilized for mission planning and command. Comprehensive training and maintenance services are also part of their portfolio. Their product lineup features various drone models, including RYNO, Q6, Switch, Netra V4 and V4+, Q4i, and Ninja. Established in 2007, ideaForge Technology Limited is based in Navi Mumbai, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR877.75 -25.45 (-2.82%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
2.08
Float Shares
25.24M
Free Float %
58.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-7.44% -10.22% +68.56% +74.57% +58.74% +57.00% +49.59% -43.16% -43.16% -43.16% -43.16%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
877.75
Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 2 0
Quality scores
Altman Z-Score
10.99
Safe zone
Piotroski F-Score
2 / 9
Weak
MOAT Score
1 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Computer Hardware: +13.3%
    +40.3% Q1'26: +594.5% (vs Q1'25)
  • EPS growth Computer Hardware: +25.2%
    +72.9% Q1'26: +331.1% (vs Q1'25)
  • FCF margin FCF growth · Computer Hardware: +24.2%
    -50.0% Q1'26: -50.1% (vs Q1'25)
  • EBIT margin Computer Hardware: +5.6%
    -16.9% Q1'26: +35.4% (vs Q1'25)
  • ROIC Computer Hardware: +5.3%
    -6.7% Q1'26: +34.3% (vs Q1'25)
  • Share dilution Computer Hardware: +0.0%
    +1.0% Q1'26: +1.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Computer Hardware: -0.55×
    17.35× Q1'26: 0.34× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.06) × ERP
WACC = 98% × Ke + 2% × Kd (4.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 877.75
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
2 Rev. Ana.
2 EPS Ana.
Mar 2028
2 Rev. Ana.
2 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
3.14B
est: 3.00B (+4.7%)
1.61B
est: 1.76B (-8.2%)
2.79B
2.53B – 3.05B
+58.9% YoY
4.49B
4.30B – 4.69B
+60.9% YoY
7.45B
6.53B – 8.38B
+65.9% YoY
14.24B
12.91B – 15.58B
+91.1% YoY
EBITDA
553.46M
est: 228.86M (+141.8%)
-526.90M
est: 233.35M (-325.8%)
370.67M
335.88M – 405.47M
+58.9% YoY
596.45M
570.55M – 622.35M
+60.9% YoY
989.71M
866.72M – 1.11B
+65.9% YoY
1.89B
1.71B – 2.07B
+91.1% YoY
EBIT
341.74M
est: -48.32M (+807.2%)
-820.25M
est: 40.32M (-2,134.3%)
64.05M
58.04M – 70.06M
+58.9% YoY
103.06M
98.59M – 107.54M
+60.9% YoY
171.02M
149.77M – 192.27M
+65.9% YoY
326.86M
296.18M – 357.54M
+91.1% YoY
Net Income
452.68M
est: 475.41M (-4.8%)
-622.78M
est: -414.81M (-50.1%)
279.45M
245.35M – 313.55M
+167.4% YoY
448.50M
397.34M – 506.50M
+60.5% YoY
1.21B
956.24M – 1.48B
+169.2% YoY
2.94B
2.61B – 3.33B
+143.7% YoY
SGA
563.99M
est: 929.42M (-39.3%)
571.00M
est: 452.84M (+26.1%)
719.34M
651.82M – 786.86M
+58.9% YoY
1.16B
1.11B – 1.21B
+60.9% YoY
1.92B
1.68B – 2.16B
+65.9% YoY
3.67B
3.33B – 4.02B
+91.1% YoY
EPS
10.96
est: 11.00 (-0.4%)
-14.41
est: -9.50 (-51.7%)
6.40
5.62 – 7.18
+167.4% YoY
10.35
9.10 – 11.60
+61.7% YoY
27.90
21.90 – 33.90
+169.6% YoY
68.00
59.70 – 76.30
+143.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-06 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-271.61M
OE per share TTM
-6.26
Owner's Yield
-0.76%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
15.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-926.1K
Shares Outstanding
43.28M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Vishal Saxena Vice President of Sales & Business Development 18M male
Ankit Mehta Co-Founder, Chief Executive Officer & Whole-Time Director 15M male
Ashish Bhat Co-Founder, Vice President of Product Development & Whole-Time Director 15M male
Rahul Singh Co-Founder, Vice President of Engineering & Whole-Time Director 15M male
Nilesh Jaywant Company Secretary & Compliance Officer male
Amol Suryawanshi Senior Director of Operations male
Sandip Bapat Senior Director male
Sunil Jha Senior Director male
Vipul Joshi Co-Founder, Chief Financial Officer & Whole-time Director male
Gireesh Pudipeddi Head of Strategy & Design male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits