Market Data
Market Cap₹3,559.48 Cr.
52W High₹997
Current Price₹716.4
52W Low₹367.95
Down from 52W High28.1 %
Face Value₹10
Performance
ROCE-0.14 %
ROE0.66 %
EPS (TTM)₹-0.59
EPS Prev Qtr₹13.72
EPS Last Year₹-4.49
EBITDA Qtr₹-11.88 Cr.
Book Value₹121
Financial Health
Debt/Equity0.12
Debt/Profit18.35
Total Assets₹798.724 Cr.
Promoter Holding28.96 %
Earning Power-2.66 %
Valuation
Stock P/E804.94
Industry P/E88.53
Price to Book5.94
Price to Sales12.62
Graham Number₹49.14
Key Metrics
Face Value
₹10
About Ideaforge Technology Ltd
Capital Goods · Aerospace & Defence
Ideaforge Technology Ltd is listed on NSE in the Capital Goods / Aerospace & Defence sector. Face value ₹10. Market cap ₹3,559.48 Cr.
Price Chart
Strengths & Weaknesses
Strengths
- The company has a low debt-to-equity ratio of 0.12, indicating minimal financial leverage.
- The promoter holding stands at 28.96%, suggesting a significant level of insider ownership and potential alignment of interests with shareholders.
Weaknesses
- The company has a very high P/E ratio of 824.27, which may indicate that the stock is overvalued relative to its earnings.
- The P/B ratio is 6.08, suggesting the market values the company at a premium compared to its book value.
- The company reported a negative ROCE of -0.14%, indicating it is not generating returns above its cost of capital.
- The ROE is only 0.66%, showing weak return generation on shareholders' equity.
- Net profit is ₹3.93 Cr on a revenue base of ₹281.94 Cr, resulting in thin profit margins and limited profitability.
Peer Comparison
| Name | CMP | P/E | Market Cap | Div Yield | NP Qtr | Qtr Profit Var% | Sales Qtr | Qtr Sales Var% | ROCE% | Debt/Eq |
|---|---|---|---|---|---|---|---|---|---|---|
| Hindustan Aeronautics Ltd | - | 34 | ₹3,16,932.47 Cr | 0.74% | ₹9,321.41 Cr | - | ₹33,784.98 Cr | - | 30.31% | 0 |
| Bharat Electronics Ltd | - | 45.95 | ₹2,82,157.46 Cr | 0.65% | ₹6,106.7 Cr | - | ₹28,717.35 Cr | - | 34.08% | 0 |
| Solar Industries India Ltd | - | 87.25 | ₹1,73,740.91 Cr | 0.06% | ₹2,050.39 Cr | - | ₹11,351.49 Cr | - | 38.01% | 0.23 |
| Mazagon Dock Shipbuilders Ltd | - | 30.2 | ₹86,323.32 Cr | 0.85% | ₹2,691.85 Cr | - | ₹13,323.42 Cr | - | 35.33% | 0.05 |
| Bharat Dynamics Ltd | - | 78.39 | ₹40,831.4 Cr | 0.44% | ₹520.77 Cr | - | ₹2,766.1 Cr | - | 16.83% | 0 |
| Cochin Shipyard Ltd | - | 51.39 | ₹34,960.8 Cr | 0.11% | ₹680.13 Cr | - | ₹5,047.49 Cr | - | 15.17% | 0.19 |
| Garden Reach Shipbuilders & Engineers Ltd | - | 32.12 | ₹25,722.65 Cr | 0.87% | ₹800.6 Cr | - | ₹7,506.9 Cr | - | 52.1% | 0 |
| Data Patterns (India) Ltd | - | 89.4 | ₹23,953.86 Cr | 0.23% | ₹267.93 Cr | - | ₹941.47 Cr | - | 220.23% | 0.34 |
| ITI Ltd | - | 89.76 | ₹23,681.34 Cr | - | ₹324.16 Cr | - | ₹2,110.73 Cr | - | 16.42% | 0.95 |
| MTAR Technologies Ltd | - | 162.33 | ₹21,665.67 Cr | - | ₹133.45 Cr | - | ₹1,080.34 Cr | - | 18.3% | 0.45 |
| Azad Engineering Ltd | - | 126.86 | ₹17,605.95 Cr | - | ₹139.3 Cr | - | ₹638.49 Cr | - | 11.06% | 0.3 |
| Sigma Advanced System Ltd | - | 95.33 | ₹17,576.72 Cr | - | ₹166.56 Cr | - | ₹860.95 Cr | - | 26.49% | 0.64 |
| Aequs Ltd | - | - | ₹17,433.95 Cr | - | ₹-170.22 Cr | - | ₹1,370.41 Cr | - | -1.46% | 0.61 |
| BEML Ltd | - | 82.12 | ₹16,633.65 Cr | 0.27% | ₹178.46 Cr | - | ₹4,536.15 Cr | - | 9.2% | 0.08 |
| Apollo Micro Systems Ltd | - | 118.01 | ₹15,172.41 Cr | 0.06% | ₹114.92 Cr | - | ₹1,022.03 Cr | - | 11.81% | 0.42 |
| Astra Microwave Products Ltd | - | 79.87 | ₹15,097.68 Cr | 0.15% | ₹189.04 Cr | - | ₹1,139.74 Cr | - | 20.18% | 0.39 |
| Zen Technologies Ltd | - | 82.01 | ₹14,839.67 Cr | 0.06% | ₹196.7 Cr | - | ₹671.11 Cr | - | 14.46% | 0 |
| Paras Defence and Space Technologies Ltd | - | 111.81 | ₹10,560.57 Cr | 0.08% | ₹95.93 Cr | - | ₹511.29 Cr | - | 19.82% | 0.04 |
| Dynamatic Technologies Ltd | - | 210.08 | ₹8,915.87 Cr | 0.08% | ₹42.43 Cr | - | ₹1,675.22 Cr | - | 10.28% | 0.63 |
| Unimech Aerospace and Manufacturing Ltd | - | 114.37 | ₹8,236.02 Cr | - | ₹72.53 Cr | - | ₹285.12 Cr | - | 14.73% | 0.11 |
Quarterly Results
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Sales | 40.76 | 31.55 | 141.04 | 68.59 |
| ↳ QoQ Growth | - | -22.6% | +347.0% | -51.4% |
| Expenses | 62.6 | 69.04 | 91.11 | 80.47 |
| Operating Profit | -21.83 | -37.49 | 49.93 | -11.88 |
| OPM % | -53.56% | -118.83% | 35.4% | -17.32% |
| Other Income | 3.29 | 2.61 | 12.45 | 1.95 |
| Interest | 0.92 | 1.05 | 1.64 | 2.04 |
| Depreciation | 10.55 | 10.97 | 11.78 | 14.21 |
| EBITDA | -11.28 | -26.52 | 61.71 | 2.33 |
| EBITDA Margin % | -27.67% | -84.06% | 43.75% | 3.4% |
| Profit Before Tax | -19.46 | -35.93 | 60.75 | -11.96 |
| Tax % | -0.82% | 5.79% | 1.23% | 78.43% |
| Net Profit | -19.62 | -33.85 | 59.99 | -2.59 |
| ↳ QoQ Growth | - | -72.5% | +277.2% | -104.3% |
| EPS | -4.49 | -7.75 | 13.72 | -0.59 |
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 43.08 | 43.276 |
| Reserves | 565.6 | 555.766 |
| Borrowings | 16.48 | 72.13 |
| Other Liabilities | 46.66 | 127.55 |
| Total Liabilities | 671.82 | 798.724 |
| Fixed Assets | 44.82 | 247.481 |
| CWIP | 4.27 | 0 |
| Investments | 119.72 | 105.28 |
| Other Assets | 503.01 | 445.96 |
| Total Assets | 671.82 | 798.724 |
Cash Flows
| Mar 2026 | |
|---|---|
| Cash from Operating Activity | -63.414 |
| Cash from Investing Activity | 15.167 |
| Cash from Financing Activity | 60.96 |
| Net Cash Flow | 12.713 |
Shareholding Pattern
| Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|
| Promoters % | 28.97% | 29.04% | 28.96% |
| FIIs % | 0.2% | 0.73% | 4.89% |
| DIIs % | 1.49% | 1.5% | 2.69% |
| Public % | 42.67% | 42.44% | 38.72% |
| No. of Shareholders | 1,84,735 | 1,83,339 | 1,65,675 |
Major Shareholders (>1%)
- Ankit MehtaPromoter and Promoter Group7.42%
- Florintree Enterprise LlpPublic Shareholding7.22%
- Rahul SinghPromoter and Promoter Group7.21%
- Ashish Ramesh BhatPromoter and Promoter Group6.82%
As of 2026-07-10View all shareholders →