IDEAFORGE TECHNO LTD·DEFENCE 76.38HEAVY MACHINERY 63.44·Aerospace & Defense Companies

2026-08-21 NSE BSE Web 5% Result 10 Aug

Price

812.5

+0.73%
O:814.95
H:846
L:790
C:812.5

52W Range

366992.25
+122%/-18%

Market Cap

₹4,036.95 Cr

Traded: ₹66.95 Cr (1.66%) 0.0x

Free Float: ₹2,601.82 Cr (2.57% of FF traded)

Volume · 60D trend

8.2 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-7% 3M:-13% 6M:+70% 12M:+91%

Valuation

P/E912.9
P/B6.7
P/S14.3
EV/EBIT519.9

Business Strength

ROE-9.8%
ROCE-9.4%
OPM2.2%
NPM-7.5%

Growth (3Y CAGR)

EPS+72.8%
Sales+7.0%
Profit--
3Y Return--

Balance Sheet

Debt/Equity0.1
Debt71.7 Cr
Pledge5.1%
CWIP/Fixed Asset0.0%

Cash Position

CFO/NP370.6%
FCF-152 Cr
FCF 3Y Avg-307 Cr
Cash/MCap2.0%

Others

Div Yield0.0%
Div Payout0.0%
Cash Conv. Cycle597 days
Tradeable Free Float64.5%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 3.21 Cr
0.12% FF
60d high
₹ 9.17 Cr
60d low
₹ 64.34 L
60d mean
₹ 1.75 Cr
vs mean
▲ 83.74%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
--
+2.0%
-2.0%
--
--
Decelerating
Return
--
--
--
+92.0%
--
--
Sales
--
+45.0%
+7.0%
--
+40.0%
Stable
Profit
--
-4.0%
--
--
+74.0%
Accelerating

Quarterly Results

Jun 2026

10 Aug
Rev
69 Cr
----
OPM3.4%
NPM--
PAT
---3 Cr
EPS
---0.6

Mar 2026

30 Apr
Rev
141 Cr
+594% YoY+341% QoQ
OPM43.8%
NPM42.5%
PAT
+333% YoY60 Cr
EPS
+332% YoY13.9

Dec 2025

22 Jan
Rev
32 Cr
+79% YoY-22% QoQ
OPM-84.1%
NPM-106.3%
PAT
-41% YoY-34 Cr
EPS
-40% YoY-7.8

Sep 2025

PDF
Rev
41 Cr
+10% YoY+215% QoQ
OPM-27.7%
NPM-48.8%
PAT
-43% YoY-20 Cr
EPS
-42% YoY-4.5

Jun 2025

PDF
Rev
13 Cr
-85% YoY-35% QoQ
OPM-149.3%
NPM-184.6%
PAT
-2114% YoY-24 Cr
EPS
-2119% YoY-5.5

Mar 2025

PDF
Rev
20 Cr
-80% YoY+11% QoQ
OPM-107.6%
NPM-130.0%
PAT
-349% YoY-26 Cr
EPS
-348% YoY-6.0

Dec 2024

PDF
Rev
18 Cr
-81% YoY-51% QoQ
OPM-99.2%
NPM-133.3%
PAT
-262% YoY-24 Cr
EPS
-262% YoY-5.6

Sep 2024

PDF
Rev
37 Cr
+56% YoY-57% QoQ
OPM-42.7%
NPM-37.8%
PAT
-1643% YoY-14 Cr
EPS
-1619% YoY-3.2

Jun 2024

PDF
Rev
86 Cr
-11% YoY-16% QoQ
OPM2.9%
NPM1.2%
PAT
-94% YoY1 Cr
EPS
-95% YoY0.3

Mar 2024

PDF
Rev
102 Cr
+165% YoY+12% QoQ
OPM14.6%
NPM9.8%
PAT
+291% YoY10 Cr
EPS
+195% YoY2.4

Dec 2023

PDF
Rev
91 Cr
+1065% YoY+279% QoQ
OPM21.5%
NPM16.5%
PAT
+290% YoY15 Cr
EPS
+192% YoY3.5

Sep 2023

PDF
Rev
24 Cr
-41% YoY-75% QoQ
OPM-33.1%
NPM4.2%
PAT
-78% YoY1 Cr
EPS
--0.2

Jun 2023

PDF
Rev
97 Cr
-2% YoY+149% QoQ
OPM29.4%
NPM19.6%
PAT
-54% YoY19 Cr
EPS
--5.0

Mar 2023

Rev
39 Cr
--+388% QoQ
OPM3.0%
NPM-12.8%
PAT
---5 Cr
EPS
---2.5

Dec 2022

Rev
8 Cr
----
OPM-207.0%
NPM-100.0%
PAT
---8 Cr
EPS
---3.7

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.14
Interest Coverage-3.1x
Promoter Pledge5.1%
Borrowings84 Cr

Efficiency

Receivable Days204 days
Inventory Days550 days
Payable Days157 days
Cash Conversion cycle597 days

Cash Position

Operating Cash Flow-63 Cr
Investing Cash Flow15 Cr
Financing Cash Flow61 Cr
Free Cash Flow-152 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023
Dec 2022
Sales6914132411320183786102912497398
Expenses667958523242355384877132693724
Operating Profit262-27-11-19-22-17-1621520-8291-16
OPM %3.4%43.8%-84.1%-27.7%-149.3%-107.6%-99.2%-42.7%2.9%14.6%21.5%-33.1%29.4%3.0%-207.0%
Other Income21233445665715442
Interest221100010001231
Depreciation14121111108777665533
Profit Before Tax-1261-36-19-25-26-20-18214201250-18
Tax %-78.3%1.2%-5.8%0.8%-6.9%0.1%18.4%-23.7%25.5%26.9%26.6%32.8%24.7%1029.0%-57.0%
Net Profit-360-34-20-24-26-24-1411015119-5-8
Exceptional Items------------------------------
EPS (Rs)-0.613.9-7.8-4.5-5.5-6.0-5.6-3.20.32.43.50.25.0-2.5-3.7
Sales Growth (YoY)--594.0%79.0%10.0%-85.0%-80.0%-81.0%56.0%-11.0%165.0%1065.0%-41.0%-2.0%----
Sales Growth (QoQ)--340.6%-21.9%215.4%-35.0%11.1%-51.4%-57.0%-15.7%12.1%279.2%-75.3%148.7%387.5%--
OP Growth (YoY)112.2%382.4%-51.9%28.7%-875.6%-246.7%-189.2%-101.4%-91.4%1389.0%222.4%--------
OP Growth (QoQ)-96.2%332.6%-135.2%40.9%12.7%-25.1%-10.4%-743.5%-83.5%-24.0%349.1%-127.6%2750.0%106.3%--
Profit Growth (YoY)--333.0%-41.0%-43.0%-2114.0%-349.0%-262.0%-1643.0%-94.0%291.0%290.0%-78.0%-54.0%----
EPS Growth (YoY)--332.2%-40.3%-42.3%-2118.5%-347.7%-261.7%-1619.0%-94.5%194.9%192.5%--------
EPS Growth (QoQ)--277.0%-72.5%16.7%8.7%-7.0%-74.9%-1281.5%-88.8%-30.1%1542.9%-95.8%294.9%31.9%--
OP Margin--44.0%-84.4%-26.8%-146.2%-110.0%-94.4%-43.2%2.3%14.7%22.0%-33.3%28.9%2.6%-200.0%
Net Margin--42.5%-106.3%-48.8%-184.6%-130.0%-133.3%-37.8%1.2%9.8%16.5%4.2%19.6%-12.8%-100.0%
Material Cost %--32.4%76.3%50.0%38.3%64.1%54.1%75.4%66.7%57.0%46.3%57.9%44.5%37.1%82.0%
Employee Cost %--10.6%50.5%37.0%97.7%66.6%72.7%36.9%13.6%18.6%10.8%35.2%15.9%40.1%149.0%
P/S14.3219.6524.87------------------------
P/E912.92----------------------------
P/B6.747.454.63------------------------

Shareholding Pattern

Shareholders:1.8L (+109.0%)
Current MixMar 2026

Exchange Filings

50
Company Update18 Aug 2026

Transcript of the Earnings Call for the quarter ended June 30, 2026.

Company Update14 Aug 2026

Allotment of Equity shares pursuant to the ESOP scheme of ideaForge Technology Limited

Company Update11 Aug 2026

Audio recording of the Earnings Call for the quarter ended June 30, 2026.

Board Meeting10 Aug 2026

Unaudited Financial Results for the Quarter ended June 30, 2026.

Result10 Aug 2026

Unaudited Financial Results of the Company (Standalone & Consolidated) for the quarter ended June 30, 2026.

Company Update10 Aug 2026

Investor Presentation for the quarter ended June 30, 2026.

Company Update10 Aug 2026

Press Release for quarter ended June 30, 2026.

AGM/EGM05 Aug 2026

Voting Results of 19th Annual General Meeting and Scrutinizer''s Report.

AGM/EGM05 Aug 2026

Proceeding of the 19th Annual General Meeting of ideaForge Technology Limited.

Company Update14 Jul 2026

Post - dispatch Newspaper publication of the Notice of the Annual General Meeting for the FY 2025-26.

Others13 Jul 2026

Annual Report for the Financial Year 2025-26 of ideaForge Technology Limited

AGM/EGM13 Jul 2026

Notice of the 19th Annual General Meeting along with Annual Report of ideaForge Technology Limited for the year 2025-26

Others13 Jul 2026

Business Responsibility and sustainability Report for the Financial Year 2025-26

Company Update10 Jul 2026

Pre- Advertisement for the 19th Annual General Meeting of ideaForge Technology Limited

Company Update10 Jul 2026

Outcome of Fund Raising Committee held on July 10, 2026.

Company Update10 Jul 2026

Allotment of equity shares pursuant to QIP of ideaForge Technology Limited.

Company Update08 Jul 2026

Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended June 30, 2026

Company Update07 Jul 2026

Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026

Company Update07 Jul 2026

Outcome of the Fund Raising Committee held on July 07, 2026.

AGM/EGM04 Jul 2026

Scrutinizer''s report and Voting Results of the Postal Ballot meeting of the shareholders of ideaForge Technology Limited

AGM/EGM04 Jul 2026

Outcome and Voting results of the Postal Ballot meeting of the shareholders of ideaForge Technology Limited

Insider Trading / SAST26 Jun 2026

Intimation of Closure of Trading window for quarter ending June 30, 2026.

Company Update16 Jun 2026

Allotment of Equity Shares under ideaForge Employee Stock Scheme, 2018

Company Update07 Jun 2026

Investor Presentation for the Investor Meet

AGM/EGM04 Jun 2026

Notice of Postal Ballot of ideaForge Technology Limited

Board Meeting03 Jun 2026

Outcome of the Board Meeting held on June 03, 2026 of ideaforge Technology Limited for Fund Raising

Board Meeting29 May 2026

Ideaforge Technology Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/06/2026 ,inter alia, to consider and approve Raising Funds by ideaForge ....

Insider Trading / SAST29 May 2026

Intimation for Closure of Trading Window for the Board Meeting to be held on June 03, 2026 for Raising of Funds.

Company Update28 May 2026

Intimation for Revision in the Credit Rating of ideaForge Technology Limited

Company Update25 May 2026

Allotment of Equity Shares under ideaForge Employee Stock Scheme, 2018

Company Update11 May 2026

Transcript of Earnings call for the quarter and year ended March 31, 2026.

Company Update04 May 2026

Annual Secretarial Compliance Report for the year ended March 31 , 2026.

Company Update04 May 2026

Audio recording for the Earnings Call for the quarter and year ended March 31st , 2026.

Company Update04 May 2026

Allotment of Equity shares under ideaForge Employee Stock Option scheme , 2018

Company Update04 May 2026

Allotment of Equity shares under ideaForge Employee Stock Option scheme , 2018

Board Meeting30 Apr 2026

Approval of Audited Financial Results for the year ended March 31, 2026

Company Update30 Apr 2026

Investor Presentation of the Financial results for the year ended March 31, 2026

Result30 Apr 2026

Approval of Audited Financial Results for the year ended March 31, 2026

Company Update30 Apr 2026

Press Release for the Financials Results for the year ended March 31, 2026

Company Update29 Apr 2026

Clarification on Rumour Verification of an article published by the Company.

Company Update28 Apr 2026

The Exchange has sought clarification from Ideaforge Technology Ltd on April 28, 2026, with reference to news appeared in https://www.businessworld.in/ dated April 28, 2026 quoting "ideaForge, ....

BSE
Company Update23 Apr 2026

Intimation of Earnings Conference Call to discuss Audited (Standalone & Consolidated) Financial Results for the quarter and year ended March 31, 2026.

Board Meeting20 Apr 2026

Ideaforge Technology Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/04/2026 ,inter alia, to consider and approve Declaration of Audited ....

Others14 Apr 2026

<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....

Company Update14 Apr 2026

Allotment of equity shares under ideaForge Employee Stock Option Scheme,2018.

Insider Trading / SAST07 Apr 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 06, 2026 for Ankit Mehta

Company Update07 Apr 2026

Compliance- Certificate under Reg. 74 (5) of Sebi (DP) Regulation, 2018

Insider Trading / SAST07 Apr 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 06, 2026 for Vipul Joshi

Insider Trading / SAST07 Apr 2026

The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on April ....

Insider Trading / SAST07 Apr 2026

The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on April ....

Annual Reports

2

2025

2024

Credit Ratings

5
crisilRating update
06 Nov 2025Report
crisilRating update
19 May 2025Report
crisilRating update
06 Feb 2025Report
crisilRating update
29 Aug 2024Report
crisilRating update
30 Aug 2023Report

Concalls

12

Jan 2026

31 Jan 2026

Nov 2025

30 Nov 2025

Jul 2025

31 Jul 2025

May 2025

31 May 2025

Feb 2025

28 Feb 2025

Nov 2024

30 Nov 2024

Aug 2024

31 Aug 2024

May 2024

31 May 2024

Feb 2024

29 Feb 2024

Nov 2023

30 Nov 2023

Aug 2023

31 Aug 2023

Aug 2023

31 Aug 2023

Held by ETFs

1 ETFs hold IDEAFORGE · sorted by weight

#ETFWeight %
1

DEFENCE

MIRAEAMC - DEFENCE

0.70%

Held by Mutual Funds

5 schemes hold IDEAFORGE · sorted by weight

#SchemeWeight %
1

HDFC Defence Fund

HDFC Mutual Fund

0.25%
2

Mahindra Manulife Small Cap Fund

Mahindra Manulife Mutual Fund

0.60%
3

Axis Innovation Fund

Axis Mutual Fund

0.14%
4

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.01%
5

Bandhan Innovation Fund

Bandhan Mutual Fund

0.25%