TipHub

₹847.25

▼ -0.68 -0.08%

29 Jul 2026

NSE Listed · Aerospace & Defence

Ideaforge Technology Ltd. (IDEAFORGE)

Volume: 23,252Avg Vol 1W: 1,14,712Avg Vol 1M: 1,81,80752W Range:₹366₹992.25
NSE BSE www.ideaforgetech.com AI Report
Key Ratios
Checked 1h ago
Market Cap₹3,705 Cr
Current Price₹847.25
Previous Close₹847.93
High / Low (52w)₹992.25 / ₹366
Volume23,252
Avg Vol (1W)1,14,712
Avg Vol (1M)1,81,807
Stock P/E62.24
Book Value₹138.41
Dividend Yield0%
ROE-2.84%
ROA-2.13%
Revenue (TTM)—
Revenue Growth-48.66%
Profit Margin-7.54%
Total Debt₹0 Cr
Shares Outstanding4 Cr
Face Value₹10
EPS (TTM)₹13.72
P/B6.17
Debt / Equity0.14
50 DMA₹860.62
200 DMA₹575.38
Day change-0.08%
Price Chart
₹847.25▲ 84.43% · 1Y
₹965₹3721.5Cr
2025-07-29
2026-07-29

20-day avg volume: 1.9L shares

Pros
  • Company is almost debt-free.
  • Revenue grew 76% YoY.
Cons
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 62.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹86 Cr₹37 Cr₹18 Cr₹20 Cr₹13 Cr₹41 Cr₹32 Cr₹141 Cr
EBITDA₹2 Cr₹-17 Cr₹-20 Cr₹-25 Cr₹-25 Cr₹-19 Cr₹-35 Cr₹62 Cr
Net Profit₹1 Cr₹-14 Cr₹-24 Cr₹-26 Cr₹-24 Cr₹-20 Cr₹-34 Cr₹60 Cr
EPS————————
Profit & Loss (Annual)
MetricDec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026
Revenue₹19 Cr₹24 Cr₹182 Cr₹13 Cr₹42 Cr₹32 Cr₹248 Cr₹141 Cr
EBITDA₹-17 Cr₹-21 Cr₹-61 Cr₹-22 Cr₹-14 Cr₹-32 Cr₹-16 Cr₹63 Cr
Net Profit₹-21 Cr₹-20 Cr₹-62 Cr₹-22 Cr₹-15 Cr₹-31 Cr₹-17 Cr₹60 Cr
EPS——-14.41———-3.9—
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹79 Cr₹124 Cr₹222 Cr₹488 Cr₹743 Cr₹672 Cr₹799 Cr
Total Liabilities₹10 Cr₹64 Cr₹59 Cr₹163 Cr₹82 Cr₹63 Cr₹200 Cr
Equity₹68 Cr₹60 Cr₹163 Cr₹325 Cr₹661 Cr₹609 Cr₹599 Cr
Total Debt₹0 Cr——————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-31 Cr₹74 Cr₹-47 Cr₹96 Cr₹-75 Cr₹-64 Cr
Investing₹-7 Cr₹-31 Cr₹-149 Cr₹-102 Cr₹-68 Cr₹15 Cr
Financing₹43 Cr₹-11 Cr₹176 Cr₹189 Cr₹-8 Cr₹61 Cr
Free Cash Flow₹-31 Cr₹74 Cr₹-47 Cr₹96 Cr₹-75 Cr₹-64 Cr
Shareholding
Promoter 25.26% Institutions 19.24% Public 55.5%
Efficiency & Working Capital
ROCE-9.2%
Interest Coverage-3.9
Dividend Payout—
Debtor Days204 d
Inventory Days231 d
Payable Days66 d
Cash Conversion Cycle369 d
Working Capital Days435 d
Shareholding Details

As of 2026-07-31

Promoter25.3%
FII8.3%
DII11%
Institutions19.2%
Public55.5%
Promoter Pledge3%
No. of Shareholders1,64,872
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters29.3%29.3%29.3%29.2%29.2%29.2%29.1%29%29%29%29%25.3%
FIIs3.5%2.7%2.9%3.5%1.4%1.6%0.6%0.3%0.2%0.7%4.9%8.3%
DIIs6.4%3.8%3.4%2.5%2.5%1.5%1.5%1.5%1.5%1.5%2.7%11%
Public60.8%64.1%64.3%64.8%66.9%67.7%68.8%69.3%69.4%68.7%63.5%55.5%
Promoter Pledge0%0%0%0%0%0%0%0%0%5.9%3%3%
No. of Shareholders1,04,7321,44,9201,74,2531,79,9201,78,2111,74,3021,92,7541,89,0301,84,7351,83,3391,65,6751,64,872
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Ankit MehtaShareholding of Promoter and Promoter Group7.4%36,86,964
Florintree Enterprise LlpPublic Shareholding7.2%35,88,749
Rahul SinghShareholding of Promoter and Promoter Group7.2%35,83,230
Ashish Ramesh BhatShareholding of Promoter and Promoter Group6.8%33,88,870
Vipul JoshiPublic Shareholding3.7%18,52,310
Infosys LimitedPublic Shareholding3.3%16,47,314
Hdfc Mutual Fund - Hdfc Defence FundPublic Shareholding3.1%15,13,281
Ravi Sriramakrishna BhagavatulaShareholding of Promoter and Promoter Group2.1%10,35,622
Bandhan Small Cap FundPublic Shareholding1.9%9,54,736
Arohi Emerging India Master FundPublic Shareholding1.9%9,43,396
Sujata VemuriShareholding of Promoter and Promoter Group1.7%8,58,348
Ganapathy SubramaniamPublic Shareholding1.7%8,60,077
Mahindra Manulife Small Cap FundPublic Shareholding1.5%7,40,887
Franklin India Small Cap FundPublic Shareholding1.4%6,91,823
Bnp Paribas Financial Markets - OdiPublic Shareholding1.2%5,85,151
Ramesh Kumar BhatShareholding of Promoter and Promoter Group0%0
Arun MehtaShareholding of Promoter and Promoter Group0%0
Manju MehtaShareholding of Promoter and Promoter Group0%0
Priyanka MohnotShareholding of Promoter and Promoter Group0%0
Rukmani Sah MehtaShareholding of Promoter and Promoter Group0%0
Sadhana Sah MehtaShareholding of Promoter and Promoter Group0%0
Aarini Sah MehtaShareholding of Promoter and Promoter Group0%0
Hotel EvelynShareholding of Promoter and Promoter Group0%0
Asha SinghShareholding of Promoter and Promoter Group0%0
Jatin SinghShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Ankit Mehta3,70,37010.1%2026-07-10
Board of Directors
NameDesignationYear
Srikanth Ramakrishna VelamakanniChairman & Independent Directo2025
ANKIT MEHTAExecutive Director / Whole Time Director / CEO2025
RAHUL SINGHExecutive Director / Whole Time Director / Vp2025
Ashish BhatExecutive Director / Whole Time Director / Vp2025
Sutapa BanerjeeIndependent Non Exe. Director2025
VIKAS BALIAIndependent Non Exe. Director2025
Ganapathy SubramaniamNon Executive Nominee Director2025
Mathew CyriacNon Executive Nominee Director2025
Nilesh JaywantCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Manufacture and marketing of UAV sy₹0 Cr—
Segments — Geography
RegionRevenueShare
India₹226 Cr99.6%
Outside India₹1 Cr0.4%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10604343
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202620016018
202620015017
2026000101
Insider / Designated-Person Trades

13 recent disclosure(s)

Mrinal JoshiDisposal · 3,500
Ezhilan NanmaranRevoke · 13,136
Ezhilan NanmaranAcquisition · 14,903
ANKIT MEHTAPledge · 3,70,370
Vipul JoshiPledge · 3,70,370
Ezhilan NanmaranPledge · 13,136
Substantial Acquisitions (SAST)

5 disclosure(s)

Pledge11/02/2025 · —
Pledge31/01/2025 · —
Pledge Creation04/11/2024 · —
—29/08/2024 · —
—23/08/2024 · —
Company Information
Incorporated2007
ChairmanSrikanth Ramakrishna Velamakanni
AuditorBSR & Co LLP
Investor Email[email protected]
🌐 www.ideaforgetech.com ↗

📍 EL-146 TTC Industrial Area, Electronic Zone MIDC Mahape, Thane, Maharashtra, 400710

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