Ideaorge Share
On 19 February, Ideaforge Share touched its 52 week low or its all time low of 366. IdeaForge Technology’s shares, which debuted in July 2023 at ₹1,305.10—94% above the IPO price of ₹672—have since declined. As of , 24 February 2025, the Ideaforge share closed on NSE at ₹396.35 , approximately 40% below its IPO price. This downturn is attributed to overvaluation concerns and a shrinking order book.
IdeaForge Share: As of February 25, 2025, here are the key financial metrics
| Metric | Value |
|---|---|
| Market Capitalization | ₹1,710 crore |
| Current Share Price | ₹387 |
| 52-Week High / Low | ₹886 / ₹366 |
| Book Value per Share | ₹153 |
| Price-to-Earnings (P/E) Ratio | Not applicable (negative earnings) |
| Price-to-Book (P/B) Ratio | 2.57 |
| Return on Equity (ROE) | 9.34% |
| Return on Capital Employed (ROCE) | 12.1% |
| Debt-to-Equity Ratio | 0.02 |
| Dividend Yield | 0.00% |
Please note that the P/E ratio is not applicable due to negative earnings per share (EPS) of -₹6.09. Additionally, the company has a low promoter holding of 29.2% and does not currently pay dividends.
For the most accurate and up-to-date information, it’s advisable to consult the National Stock Exchange (NSE) website or official financial reports.
Check Current Details on NSE
Ideaforge share All time high
As of February 25, 2025, Ideaforge Technology Limited’s all-time high is ₹1,343.95, achieved in July 2023.
Why Ideaforge Share is falling ?
IdeaForge Technologies’ share price has been declining due to a series of weak financial performances and a shrinking order book.
Order Book Decline:
The company’s order book has diminished substantially, dropping from ₹176 crore at the end of December 2023 to ₹21.5 crore by the end of September 2024.
These financial challenges and the reduced order backlog have negatively impacted investor sentiment, leading to a decline in IdeaForge’s share price.
CEO Ankit Mehta attributed this downturn to muted conversion of opportunities to the order book, largely due to elections and reduced government spending during this period.
The company’s expenses decreased by 45% year-over-year to ₹42.78 crore. Despite this reduction, the significant drop in revenue led to the reported net loss.
During the earnings call, stakeholders expressed concerns about the company’s performance and guidance, questioning the management’s ability to accurately predict financial outcomes.
Ideaforge share Financial Performance:
- Q1 FY25: The company reported a 94% year-over-year drop in net profit to ₹1.17 crore, with revenue decreasing by 11.2% to ₹86 crore. EBITDA fell by 73.6% to ₹8.4 crore.
- Q2 FY25: IdeaForge posted a net loss of ₹12.2 crore, a significant decline from a net profit of ₹80 lakh in the same quarter the previous year. Revenue increased by 57% to ₹37.2 crore, but the EBITDA loss widened to ₹14.1 crore from ₹7.9 crore year-over-year.
- Q3 FY25: In the third quarter of fiscal year 2024-25 (Q3 FY25), IdeaForge Technology reported a consolidated net loss of ₹24.02 crore, a significant decline from the net profit of ₹14.80 crore in the same period last year. Operating revenue also saw a sharp decrease of 81%, falling to ₹17.61 crore from ₹90.89 crore in Q3 FY24.
Ideaforge share Growth Expectations
IdeaForge Technology Limited, a prominent player in the drone manufacturing industry, has experienced a mixed financial performance recently. In the third quarter of fiscal year 2025, the company reported a revenue of ₹17.6 crores, a significant decline from ₹90.9 crores in the same quarter the previous year. This downturn is attributed to procurement delays, especially due to the national general elections in India and substantial delays in government procurement opportunities. Consequently, the company faced a loss of ₹24 crores in Q3 FY25.
Despite these challenges, market analysts remain optimistic about IdeaForge’s future growth. The company is forecasted to achieve an annual earnings growth rate of 104.6% and a revenue growth rate of 37.3%. Earnings per share (EPS) are expected to grow by 104.5% annually, with a projected return on equity of 8.1% over the next three years.
Financial projections indicate that net sales are expected to reach ₹2,561 million in 2025, growing to ₹5,000 million by 2027. EBITDA is projected to increase from ₹114 million in 2025 to ₹1,030 million in 2027. Net income is anticipated to rise from ₹53 million in 2025 to ₹595 million by 2027.
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In summary, while IdeaForge has faced recent financial setbacks due to external factors, the company’s strategic initiatives and favorable market projections indicate a positive outlook for its growth and profitability in the coming years.
Ideaforge Promoters
As of December 2024, the promoters of IdeaForge Technology Ltd. collectively hold 29.23% of the company’s shares. The key promoters and their individual shareholdings are:
- Ankit Mehta: 8.60%
- Rahul Singh: 8.36%
- Ashish Ramesh Bhat: 7.90%
- Ravi Sriramakrishna Bhagavatula: 2.48%
- Sujata Vemuri: 2.00%
In addition to the promoters, notable institutional investors include Celesta Capital with a 13.35% stake, Florintree at 12.38%, Infosys holding 4.44%, and Qualcomm with 3.79%.
Over the quarters leading up to December 2024, the promoter holding has remained stable at 29.23%. However, there have been fluctuations in holdings by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs). For instance, FII holdings decreased from 3.50% in September 2024 to 1.36% in December 2024, while DII holdings remained steady at 2.5% during the same period.
These changes reflect the dynamic nature of institutional investments in the company.
When did Ideaforge IPO launch ?
IdeaForge Technology Limited, an Indian drone manufacturer established in 2007, launched its initial public offering (IPO) in June 2023. The IPO, which opened on June 26 and closed on June 30, aimed to raise ₹567 crore, comprising a fresh issue of ₹240 crore and an offer for sale of 48.69 lakh shares by existing shareholders. The price band was set between ₹638 and ₹672 per share.
The offering received an overwhelming response, being oversubscribed 106 times. Retail investors oversubscribed their portion by 85.2 times, while qualified institutional buyers (QIBs) and non-institutional investors (NIIs) oversubscribed by 125.81 times and 80.58 times, respectively.
Ideaforge IPO Listing Gain
On July 7, 2023, IdeaForge’s shares debuted on the stock exchanges at ₹1,305.10 on the BSE and ₹1,300 on the NSE, reflecting a premium of approximately 94% over the issue price. The company’s market capitalization at listing stood at ₹5,438 crore.
The funds raised from the fresh issue were designated for debt repayment, working capital requirements, and product development. IdeaForge specializes in unmanned aerial vehicles (UAVs) used for mapping, security, and surveillance, serving clients including defense forces, central armed police forces, and various state and civil organizations.
As of February 2025, IdeaForge continues to be a significant player in the Indian UAV industry, leveraging its first-mover advantage and strong customer relationships.
More About Ideaforge Technology Limited
ideaForge Technology Limited, founded in 2007 by IIT Bombay alumni Ankit Mehta, Rahul Singh, and Ashish Bhat, is a leading Indian manufacturer of unmanned aerial vehicles (UAVs). The company specializes in creating drones for defense, homeland security, and industrial applications. Notably, ideaForge has achieved a consistent market share of over 90% in the security and surveillance segment within India.
In 2009, ideaForge pioneered the indigenous development and manufacturing of Vertical Take-off and Landing (VTOL) UAVs in India. Their product lineup includes models such as the SWITCH UAV, NETRA V4+, Q4i, and RYNO UAVs, which are designed for various applications, including mapping, security, and surveillance. These drones are engineered to operate in diverse and challenging environments, withstanding temperatures ranging from -30°C to +55°C.
The company’s manufacturing facility is located in Navi Mumbai, Maharashtra, and is equipped with advanced technology and automation systems. ideaForge maintains a vertically integrated structure, encompassing in-house research and development, design, software, manufacturing, services, and training operations. This comprehensive approach enables the company to deliver end-to-end solutions tailored to the specific needs of defense, homeland security, and enterprise sectors.