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Ideaforge Technology Ltd share Price Today

Company details

696.90
789.00
618.80
1,343.95
6M Return -1.38%
1Y Return -39.86%
Mkt Cap.(Cr) 3,339.67
Volume 4,796,824
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 4,796,824

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Defence company ideaForge Technology announced Q4FY24 results:

  • Revenue from Operations Rs 1023.0 million from Rs 386.6 million (Q4FY23)
  • EBITDA Rs 202.5 million, Margin 19.8%
  • Profit Before Tax (PBT) Rs 141.4 million, Margin 13.8%
  • Profit After Tax (PAT) Rs 103.3 million, Margin 10.1%

Commenting on the results, Ankit Mehta, CEO said, “4th Quarter has been a combination of execution and building phases for us. We were able to fulfill our delivery commitments before schedule underscoring our dedication to customers and emphasizing our ability to stay true to our commitments. The Great Place to Work certification has further strengthened our belief in the culture and environment we have created at ideaForge over the years.

We witnessed significant progress in our diversification initiatives. We conducted live demos with end customers in the US with our systems carrying out real-world missions and received affirmative and encouraging responses from these customers. Successful progress of Drone as a Service pilot programs and early paid pilots with anchor customers has provided the necessary boost to our plans for this business model.

Through our relentless pursuit of excellence and our unwavering commitment to innovation, we are confident to develop and build technology that reflects our aspiration of building the world’s first or the world’s best.

Q4 and FY24 results reinforce our belief that to evaluate our business, one must look at it holistically, with a combination of financial results, our efforts & achievements in diversification & product development & the moat we are creating through focusing on IP creation, and the growth trajectory of the UAV industry, and the defence space.”

Result PDF

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Ideaforge Technology Ltd shares SWOT Analysis

Strengths (7)

  • Rising Net Cash Flow and Cash from Operating activity
  • Good quarterly growth in the recent results
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (2)

  • RSI indicating price strength
  • High Volume, High Gain

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)

Resistance and support

R1 812.9
R2 847.0
R3 905.0
Pivot

754.88

S1 720.8
S2 662.8
S3 628.7
EMA SMA
693.5
697.5
726.3
805.9
690.2
691.5
713.6
780.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-06-14 740.71 367761 NSE
QE SECURITIES LLP Bulk Purchase 2024-06-14 745.85 273527 NSE
PRRSAAR COMMODITIES PVT LTD Bulk Purchase 2024-06-14 737.87 273020 NSE
Name Category Shares
Ankit Mehta PROMOTER 8.6%
Rahul Singh PROMOTER 8.36%
Ashish Ramesh Bhat PROMOTER 7.9%
Ravi Sriramakrishna Bhagavatula PROMOTER 2.48%
Sujata Vemuri PROMOTER 2%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Ideaforge Technology Ltd Stocks COMPARISON

Financials( in Cr) Ideaforge Technology Ltd Hindustan Aeronautics Ltd Bharat Electronics Ltd Solar Industries India Ltd Cochin Shipyard Ltd
Price 778.75 5,200.55 309.60 9,898.15 2,122.35
% Change 9.51 1.98 2.89 1.63 5.76
Mcap Cr 3,339.67 347,799.78 226,310.76 89,568.36 55,835.00
Revenue TTM Cr 186.01 26,927.46 17,734.44 6,922.53 2,364.55
Net Profit TTM Cr 31.99 5,827.73 2,940.35 811.17 304.71
PE TTM 73.74 45.63 56.80 107.08 71.27
1 Year Return -39.86 185.81 153.56 155.65 669.66
ROCE 15.29 18.83 26.98 36.06 7.96
ROE 13.11 27.18 22.49 35.86 5.89
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 324.66 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05
ideaForge Technology allots 1,678 equity shares under ESOS

Jun 14, 2024 l BSE Announcement

Ideaforge Technology Limited - Updates

Jun 14, 2024 l NSE Announcement

Ideaforge Technology Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 12, 2024 l NSE Announcement

Date Action Type Ratio
No data found

Ideaforge Technology Ltd Information

Stock PE (TTM)
73.74
Promoter Holding
29.33%
Book Value
154.0376
ROCE
15.29%
ROE
13.11%
Description
  • Ideaforge Technology Ltd (Formerly known ideaForge Technology Private Limited ) was incorporated on February 8, 2007, as a Private Limited Company dated February 8, 2007 issued by the RoC at Mumbai. Upon the conversion of Company into a Public Company, the name of Company was changed to "ideaForge Technology Limited" and a fresh Certificate of Incorporation dated January 2, 2023 was issued by the RoC. The Company is the pioneer and the preeminent market leader in the Indian unmanned aircraft systems (UAS) market. The manufacturing facility, situated in Navi Mumbai, Maharashtra, is equipped with advanced equipment, modern technology with automation systems. The product portfolio consists of hardware, which primarily includes Unmanned Aerial Vehicles (UAVs), payloads, batteries, chargers and communication system, software and embedded sub-systems, including the GCS software, which enables the controlling and management for UAVs and autopilot sub-system, which enables remote control and autonomous completion of flights, and solutions, which enables industry/ application specific software. The Company had largest operational deployment of indigenous UAVs across India, with an ideaForge manufactured drone taking off every five minutes on average for surveillance and mapping. The indigenous design and technological capabilities allowed the Company to design, develop, engineer and manufacture UAVs in-house with a control on performance, reliability and autonomy. UAVs have a fully integrated system relying on complex avionics and electro-mechanical designs and advance programming. The software architecture of such advanced programming is based on complex and interdependent applications including unencrypted signal mechanisms. For instance, ground control station (GCS) software enables UAVs to achieve higher safety and lower on field effort for the pilot such as take-off area suitability check, coverage area check and target location coverage check for off-site mission planning prior to deployment. Further, their AI based image intelligence features which are equipped in UAVs help in `people detection` and `target tracking` and certain UAVs also have `motion detection` feature that helps in surveillance. These products are deployed in high security surveillance activities involving sensitive and confidential data. The Company indigenously developed and manufactured vertical take-off and landing (VTOL) UAVs in India in 2009. The RYNO UAV provides mapping solutions and, Q4i, NETRA V4 and SWITCH UAVs, provide surveillance and disaster relief solutions to customers for different operating environments and applications. An early prototype of VTOL UAV (quadrotor helicopter) was featured in a popular Bollywood movie in 2009, which is one of the few original equipment manufacturers (OEMs) globally to have its own proprietary autopilot sub-system and ground control software. In 2016, the Company developed the first hybrid VTOL drone with fixed wings in India, known as the SWITCH UAV. It was the first to participate in the demonstration of 5G enabled UAVs at the Indian Mobile Congress in 2018. The Company is proposing a Public Offer of raising capital upto Rs 300 crore equity shares through fresh issue and by issuing upto 4,869,712 equity shares through Offer for Sale.

No Data Found

AGM Date (Month) :
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543932
NSE Code : IDEAFORGE
Book Closure Date (Month) :
BSE Group : B
ISIN : INE349Y01013

FAQ’s on Ideaforge Technology Ltd Shares

You can buy Ideaforge Technology Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Ideaforge Technology Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:59 PM the closing price of Ideaforge Technology Ltd was Rs.778.75.

The latest PE ratio of Ideaforge Technology Ltd as of Jun 14, 2024 03:59 PM is 73.74

The latest PB ratio of Ideaforge Technology Ltd as of Jun 14, 2024 03:59 PM is 0.20

The 52-week high of Ideaforge Technology Ltd share price is Rs. 1,343.95 while the 52-week low is Rs. 618.80

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:59 PM, the market cap of Ideaforge Technology Ltd stood at Rs. 3,339.67.

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