Ideaforge Technology Ltd

Ideaforge Tech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ideaforge Technology Ltd

₹ 568 -0.04%
22 Nov - close price
ideaforgetech.com BSE: 543932 NSE: IDEAFORGE
About

Incorporated in 2007, ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS).[1]

Key Points

Business Profile[1] The company manufactures Unmanned Aircraft Vehicles for Mapping, Security & Surveillance. These drones are capable of a wide range of mining area planning, and mapping applications.

Website BSE NSE
  • Market Cap ₹ 2,443 Cr.
  • Current Price ₹ 568
  • High / Low ₹ 886 / 535
  • Stock P/E 140
  • Book Value ₹ 153
  • Dividend Yield 0.00 %
  • ROCE 12.1 %
  • ROE 9.34 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 44.3% CAGR over last 5 years
  • Debtor days have improved from 71.5 to 54.6 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 29.2%
  • Earnings include an other income of Rs.23.8 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Aerospace & Defence Industry: Engineering

Part of BSE Industrials BSE Allcap Nifty Total Market Nifty Microcap 250 BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
99 40 8 39 97 24 92 105 86 37
44 33 24 37 69 32 71 87 83 51
Operating Profit 55 7 -16 1 28 -8 21 17 3 -14
OPM % 55% 17% -207% 3% 29% -33% 23% 16% 4% -38%
1 3 2 4 4 15 7 5 6 6
Interest 0 1 1 3 2 1 0 0 0 1
Depreciation 3 3 3 3 5 5 6 6 7 7
Profit before tax 53 6 -18 -0 25 1 21 16 3 -16
Tax % 22% 38% -57% 1,029% 25% 33% 25% 28% 25% -25%
41 4 -8 -5 19 1 16 12 2 -12
EPS in Rs 4,552.98 438.19 -3.73 -2.54 4.95 0.21 3.71 2.75 0.44 -2.84
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
18 14 35 159 186 317 320
27 27 46 85 138 257 293
Operating Profit -9 -13 -11 75 48 60 27
OPM % -49% -93% -32% 47% 26% 19% 8%
4 2 1 2 10 30 24
Interest 1 0 1 19 6 5 2
Depreciation 3 2 3 7 12 21 25
Profit before tax -9 -14 -14 50 41 65 24
Tax % 10% 0% 0% 12% 22% 26%
-10 -14 -14 44 32 48 17
EPS in Rs -1,160.27 -1,509.48 -1,587.78 4,862.98 14.99 11.16 4.06
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 77%
3 Years: 109%
TTM: 91%
Compounded Profit Growth
10 Years: %
5 Years: 44%
3 Years: 74%
TTM: 167%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -27%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 14%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.13 0.09 0.10 0.09 21 43 43
Reserves 81 68 60 163 303 620 615
3 5 65 16 101 14 16
6 5 13 43 63 68 36
Total Liabilities 90 79 139 222 488 746 710
4 0 0 26 49 67 157
CWIP 9 0 0 19 25 54 1
Investments 24 12 0 11 125 95 119
53 67 124 166 289 530 433
Total Assets 90 79 124 222 488 746 710

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-13 -17 -31 67 -53 77
21 5 -7 -31 -149 -108
-6 2 43 -11 176 189
Net Cash Flow 2 -11 5 25 -26 158

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 177 270 246 46 113 55
Inventory Days 482 461 376 428 639 218
Days Payable 93 35 76 65 85 35
Cash Conversion Cycle 565 696 545 409 667 238
Working Capital Days 320 606 521 132 379 208
ROCE % -17% -13% 45% 15% 12%

Shareholding Pattern

Numbers in percentages

6 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
30.19% 29.34% 29.33% 29.33% 29.23%
2.76% 3.46% 2.75% 2.92% 3.50%
10.15% 6.39% 3.76% 3.40% 2.34%
56.90% 60.80% 64.15% 64.32% 64.92%
No. of Shareholders 87,7351,04,7321,44,9201,74,2531,79,920

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

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