Ideaforge Technology Limited

NSE: IDEAFORGE · Aerospace & Defense

52W Range₹366 ₹992

Snapshot

Unlock Ideaforge Technology Limited'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.

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Key Metrics

REVENUE

₹226 Cr

TTM · consolidated

+40.3%YoY

NET PROFIT

₹-17 Cr

TTM · consolidated

+72.6%YoY

EPS

₹-3.93

TTM · consolidated

+72.7%YoY

RETURN ON EQUITY

-2.8%

TTM · consolidated

+7.0 ppYoY

RETURN ON CAPITAL EMPLOYED

-2.6%

TTM · consolidated

+6.8 ppYoY

P/E

-197.7x

Q4 FY26 · consolidated

-197.7 vs -25.9x5Y avg

EV/EBITDA

143.8x

Q4 FY26 · consolidated

143.8 vs 41.1x5Y avg

EBITDA MARGIN

12.0%

TTM · consolidated

+31.6 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 CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Ideaforge Technology LimitedIDEAFORGE
₹3,861 Cr-197.72143.7540.3%12.0%-2.8%-2.6%+57.6%
Rossell TechsysROSSTECH
₹4,337 Cr168.7060.7646.0%14.0%17.8%41.1%+62.5%
Avantel LtdAVANTEL
₹4,117 Cr286.9682.28-10.5%22.6%5.2%10.0%-2.3%
Sika Interplant Systems LimitedSIKA
₹2,112 Cr21.0%-12.2%
CFF Fluid Control LimitedCFF
₹2,075 Cr28.0%+52.0%
Jaykay Enterprises LimitedJAYKAY
₹2,002 Cr9.0529.77197.2%27.8%37.5%36.2%+3.4%

As of Q4 FY26

Financials