Ideaforge Tech

NSE: IDEAFORGE · Aerospace & Defense

52W Range₹366 ₹992

Snapshot

Unlock Ideaforge Tech's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

ideaForge Technology Limited designs, manufactures, and markets unmanned aerial vehicle (UAV) systems primarily for security and surveillance applications. The company also provides proprietary software platforms, including BlueFire Live! and BlueFire Touch, alongside comprehensive training and maintenance services.

Business Model

The company generates revenue through the sale of hardware UAV products and the provision of software-as-a-service (SaaS) solutions for mission planning and live streaming. Additionally, it derives income from recurring maintenance contracts and specialised training services.

Growth Outlook

Growth is driven by the increasing adoption of drone technology in the Indian defence and security sectors. The company continues to expand its product portfolio and software capabilities to capture a larger share of the domestic and international surveillance markets.

  • Incorporation Year:2007

Key Risks

  • Regulatory and Compliance Risk. The drone industry is subject to stringent and evolving government regulations that could impact operational capabilities or market access.
  • Technological Obsolescence. Rapid advancements in UAV technology require continuous R&D investment to maintain a competitive edge against global peers.
  • Concentration Risk. A significant portion of revenue is derived from government and defence contracts, making the company vulnerable to changes in public procurement policies.
  • Supply Chain Dependency. Reliance on specialised components and global supply chains for drone manufacturing may lead to production delays or cost volatility.

Price

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Key Metrics

REVENUE

₹239 Cr

TTM · consolidated

+48.2%YoY

NET PROFIT

₹-41 Cr

TTM · consolidated

+34.8%YoY

EPS

₹-9.33

TTM · consolidated

+35.2%YoY

RETURN ON EQUITY

-6.7%

TTM · consolidated

+2.9 ppYoY

P/E

-91.4x

Q4 FY26 · consolidated

-91.4 vs -0.4x5Y avg

EV/EBITDA

312.0x

Q4 FY26 · consolidated

312.0 vs 55.5x5Y avg

EBITDA MARGIN

5.0%

TTM · consolidated

+24.6 ppYoY

NET PROFIT MARGIN

42.5%

Q4 FY26 · consolidated

+169.1 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

+0.12xYoY

Peers · Aerospace & Defense

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Ideaforge TechIDEAFORGE
1,756-91.43312.0248.2%5.0%-6.7%-6.6%+52.5%
Rossell TechsysROSSTECH
2,644175.2763.3713.7%15.8%35.5%+118.4%
DCX SystemsDCXINDIA
1,924-272.3471.72-31.4%3.8%-0.5%0.9%-30.4%
Jaykay Enter.JAYKAY
1,63510.0333.11197.2%27.8%41.7%40.4%+17.8%
NIBENIBE
1,37698.2231.9515.8%7.4%13.6%-3.7%
Krishna DefenceKRISHNADEF
1,32322.0%+51.1%

As of Q4 FY26

Financials