Ideaforge Technology Ltd
Ideaforge Technology Ltd (IDEAFORGE) last reported results for the quarter ended Jun 2026, with sales of ₹68.59 crore and net profit of ₹-2.59 crore. The stock last traded at ₹706, a market capitalisation of ₹3,509 crore, on a P/E of 893. Over the past 52 weeks the stock has ranged between ₹366 and ₹997. Figures are as of 6 Oct 2026 and are not real time.
Ideaforge Technology Ltd share price and key metrics
- Current price
- ₹706
- Market cap
- ₹3,509 cr
- Stock P/E
- 893
- Book value
- ₹138
- ROE
- -3.34%
- ROCE
- -2.81%
- Dividend yield
- 0.00%
- 52w high / low
- 997/366
Metrics as of 6 Oct 2026. Not real time.
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Ideaforge Technology Ltd growth and returns
- 10 Years
- %
- 5 Years
- 45%
- 3 Years
- 7%
- TTM
- 221%
- 10 Years
- %
- 5 Years
- -9%
- 3 Years
- %
- TTM
- 105%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- -5%
- 1 Year
- 42%
- 10 Years
- %
- 5 Years
- 2%
- 3 Years
- -2%
- Last Year
- -3%
Ideaforge Technology Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹68.59 cr, up 436.7% from ₹12.78 cr a year earlier. Net profit was ₹-2.59 cr, up 89.0% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 37.1 | 17.61 | 20.31 | 12.78 | 40.76 | 31.55 | 141 | 68.59 |
| Expenses | 52.93 | 35.08 | 42.16 | 31.86 | 52.04 | 58.08 | 79.33 | 66.26 |
| Operating profit | -15.83 | -17.47 | -21.85 | -19.08 | -11.28 | -26.53 | 61.71 | 2.33 |
| OPM % | -42.67% | -99.20% | -107.58% | -149.30% | -27.67% | -84.09% | 43.75% | 3.40% |
| Other income | 5.84 | 4.89 | 4.43 | 3.94 | 3.29 | 2.61 | 12.45 | 1.95 |
| Interest | 0.78 | 0.23 | 0.25 | 0.37 | 0.92 | 1.05 | 1.64 | 2.04 |
| Depreciation | 7.22 | 7.47 | 8.03 | 9.78 | 10.55 | 10.97 | 11.78 | 14.21 |
| Profit before tax | -17.99 | -20.28 | -25.7 | -25.29 | -19.46 | -35.94 | 60.74 | -11.97 |
| Tax % | -23.74% | 18.44% | 0.08% | -6.88% | 0.82% | -5.79% | 1.23% | -78.28% |
| Net profit | -13.73 | -24.02 | -25.71 | -23.56 | -19.62 | -33.85 | 59.99 | -2.59 |
| EPS (₹) | -3.19 | -5.58 | -5.97 | -5.45 | -4.54 | -7.83 | 13.86 | -0.60 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Ideaforge Technology Ltd annual results
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 14 | 35 | 159 | 186 | 314 | 161 | 226 | 282 |
| Operating profit | -12 | -11 | 75 | 48 | 57 | -52 | 6 | 26 |
| OPM % | -88% | -31% | 47% | 26% | 18% | -32% | 2.6% | 9% |
| Net profit | -13 | -15 | 44 | 32 | 45 | -62 | -17 | 4 |
| EPS (₹) | -1,499.44 | -1,625.56 | 4,862.98 | 14.99 | 10.56 | -14.46 | -3.94 | 0.89 |
TTM is the trailing twelve months to the most recent quarter.
Ideaforge Technology Ltd balance sheet
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 0.09 | 0.09 | 0.09 | 21 | 43 | 43 | 43 |
| Reserves | 68 | 60 | 163 | 303 | 618 | 566 | 556 |
| Borrowings | 7 | 51 | 16 | 101 | 14 | 16 | 84 |
| Other liabilities | 5 | 13 | 43 | 63 | 67 | 47 | 116 |
| Total liabilities | 80 | 124 | 222 | 488 | 743 | 672 | 799 |
| Fixed assets | 5 | 13 | 26 | 49 | 67 | 97 | 138 |
| CWIP | 17 | 14 | 19 | 25 | 54 | 100 | 110 |
| Investments | 12 | 0 | 11 | 125 | 88 | 120 | 105 |
| Other assets | 46 | 97 | 166 | 289 | 533 | 355 | 446 |
| Total assets | 80 | 124 | 222 | 488 | 743 | 672 | 799 |
As reported by the company. Total assets equal total liabilities by construction.
Ideaforge Technology Ltd cash flow
| ₹ crore | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -16 | -31 | 67 | -53 | 76 | -77 | -63 |
| Cash from investing | 5 | -7 | -31 | -149 | -102 | -68 | 16 |
| Cash from financing | 1 | 43 | -11 | 176 | 189 | -8 | 61 |
| Net cash flow | -11 | 5 | 25 | -26 | 164 | -152 | 14 |
| Free cash flow | -26 | -40 | 53 | -86 | 9 | -164 | -152 |
| CFO / operating profit | 130% | 291% | 99% | -97% | 171% | 144% | -1,101% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Ideaforge Technology Ltd operating ratios
| Per year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| ROCE % | — | -14% | 48% | 15% | 11% | -10% | -3% |
| Debtor days | 264 | 250 | 46 | 113 | 52 | 127 | 204 |
| Inventory days | 532 | 451 | 433 | 639 | 222 | 312 | 536 |
| Days payable | 40 | 91 | 66 | 85 | 36 | 29 | 153 |
| Cash conversion cycle | 756 | 609 | 413 | 667 | 237 | 410 | 587 |
| Working capital days | 723 | 452 | 116 | 203 | 203 | 403 | 308 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Ideaforge Technology Ltd shareholding pattern
Promoters held 25.26% at Jul 2026, down from 28.97% at Sep 2025. FIIs 8.27% and DIIs 10.98%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 29.23% | 29.17% | 29.10% | 28.97% | 28.97% | 29.04% | 28.96% | 25.26% |
| FIIs | 1.36% | 1.56% | 0.60% | 0.25% | 0.20% | 0.73% | 4.89% | 8.27% |
| DIIs | 2.48% | 1.52% | 1.51% | 1.49% | 1.49% | 1.50% | 2.69% | 10.98% |
| Public | 66.92% | 67.74% | 68.81% | 69.31% | 69.36% | 68.75% | 63.46% | 55.49% |
| No. of shareholders | 1,78,211 | 1,74,302 | 1,92,754 | 1,89,030 | 1,84,735 | 1,83,339 | 1,65,675 | 1,64,872 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Ideaforge Technology Ltd corporate filings
- Ideaforge enters Rs. 151 crore loan agreement with Technology Development Board for YETI autonomous aerial logistics projectCompany Updatelow impact
Cruxal's analysis: Ideaforge has signed a loan agreement with the Technology Development Board to access Rs…
Read the full analysis - Compliance Certificate under Reg. 74(5) of SEBI (DP) Regulation, 2018 for the quarter and half year ended September 30, 2026.Company Updatelow impact
- SEBI disclosure of promoter encumbrance reasons received for Ideaforge Technology Ltd on October 02, 2026Insider Trading / SASTlow impact
Cruxal's analysis: The exchange has received a disclosure related to the reasons for encumbrance by promoter…
Read the full analysis - IdeaForge Technology Limited Promoter Ankit Mehta Pledges 2.80 Lakh Shares for Personal Financial RequirementsInsider Trading / SASTlow impact
Cruxal's analysis: IdeaForge Technology Limited's promoter and Whole-Time Director, Mr. Ankit Mehta, has…
Read the full analysis - ideaForge Technology Limited receives order demanding INR 546 million tax liability under CGST Act, with no immediate material impact on financialsCompany Updatemedium impact
Cruxal's analysis: ideaForge Technology Limited has received an order from the Additional Commissioner CGST…
Read the full analysis - IdeaForge Technology Limited secures ₹23.62 crore order for UAVs from domestic civil customers, indicating potential near-term revenue inflowCompany Updatehigh impact
Cruxal's analysis: IdeaForge Technology Limited has announced the receipt of multiple purchase orders…
Read the full analysis - Intimation of closure of Trading window for quarter and half year ended September 30, 2026.Insider Trading / SASTlow impact
- ideaForge Technology Ltd announces allotment of equity shares under ESOP schemeCompany Updatelow impact
Cruxal's analysis: ideaForge Technology Ltd has announced the allotment of equity shares pursuant to its…
Read the full analysis - Ideaforge Technology Ltd announces upcoming analyst and institutional investor meetingsCompany Updatelow impact
Cruxal's analysis: Ideaforge Technology has issued a formal intimation regarding scheduled meetings with…
Read the full analysis - ideaForge Technology Reports Q1 FY27 Revenue of INR 68.6 Crore and Positive EBITDA Amidst Strategic Defense ExpansionCompany Updatehigh impact
Cruxal's analysis: ideaForge Technology Limited reported Q1 FY27 revenue of INR 68.6 crore, a significant…
Read the full analysis - ideaForge Technology Ltd announces allotment of equity shares under ESOP schemeCompany Updatelow impact
Cruxal's analysis: ideaForge Technology Ltd has announced the allotment of equity shares pursuant to its…
Read the full analysis - ideaForge Technology Limited releases audio recording of Q1 FY2027 earnings conference callCompany Updatelow impact
Cruxal's analysis: ideaForge Technology Limited has formally filed the audio recording of its earnings…
Read the full analysis - Ideaforge Technology Ltd releases financial results for the quarter ended June 30, 2026Company Updatelow impact
Cruxal's analysis: Ideaforge Technology Ltd has filed its press release regarding financial performance for…
Read the full analysis - ideaForge Technology Reports Q1 FY27 Financials: Revenue of INR 68.59 crore with EBITDA of INR 4.28 croreCompany Updatehigh impact
Cruxal's analysis: ideaForge Technology Limited reported Q1 FY27 revenue from operations of INR 68.59 crore…
Read the full analysis - ideaForge Technology Reports Q1 FY27 Results with Net Loss of 2.31 crore; QIP Fundraise of 500 crore CompletedBoard Meetinghigh impact
Cruxal's analysis: ideaForge Technology Limited reported a standalone net loss of 2.31 crore for the quarter…
Read the full analysis - ideaForge Technology Limited Announces Successful Conclusion of 19th Annual General MeetingAGM/EGMlow impact
Cruxal's analysis: ideaForge Technology Limited has successfully concluded its 19th Annual General Meeting…
Read the full analysis - ideaForge Technology Limited concludes 19th Annual General Meeting; no adverse auditor remarks reportedAGM/EGMlow impact
Cruxal's analysis: ideaForge Technology Limited has successfully concluded its 19th Annual General Meeting…
Read the full analysis - ideaForge Technology to Host Q1FY27 Earnings Call Amidst Sharp Sequential Profit and Revenue DeclineCompany Updatehigh impact
Cruxal's analysis: ideaForge Technology Limited has announced an earnings conference call on Tuesday, August…
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