Is Ideaforge Technology a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ideaforge Technology Ltd is a below average quality company .

Is Ideaforge Technology undervalued or overvalued?

The key valuation ratios of Ideaforge Technology Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Ideaforge Technology share price return in the past 10 years?

Data is not available for this company

Is Ideaforge Technology a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ideaforge Technology Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Ideaforge Technology Ltd - Stock Valuation and Financial Performance

Name: Ideaforge Technology
Brand: Ideaforge Technology

BSE: 543932 | NSE: IDEAFORGE | Engineering - Industrial Equipments | Small Cap

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Ideaforge Technology Share Price

₹688 -1.60 -0.23%
as on 26-Apr'24 16:01

10 Year X-Ray of Ideaforge Technology:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	0.6%	-77%	32.8%	15%	-0.9%	-11%	-17%	-14.6%	41.1%	11.8%	-
Value Creation Index ⓘ	-1.0	-6.5	1.4	0.1	-1.1	-1.8	-2.2	-2.0	1.9	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	1.5	16	32.7	20.4	18.2	14.1	34.9	159	186	186
Sales YoY Gr.	-	NA	988.4%	104.1%	-37.6%	-10.7%	-22.5%	147.7%	356.5%	16.7%	-
Adj EPS ⓘ	0	-1.9	2	1	-1	-5.3	-6.8	-7	21.8	14.2	7.5
YoY Gr.	-	-18900%	NA	-49.3%	-200%	NA	NA	NA	NA	-34.8%	-
BVPS (₹) ⓘ	0.4	0.7	5.3	10.8	44.6	39.5	32.7	25.7	73.9	137.9	151.2
Adj Net Profit ⓘ	0	-3.3	3.7	2	-2	-10.7	-13.7	-14.3	44	30.3	32
Cash Flow from Ops. ⓘ	0	-1.4	-5.6	7.2	-5.4	-13.5	-17.1	-31.7	66.5	-53.2	-
Debt/CF from Ops. ⓘ	0	-1.9	-0.9	1.8	-1.4	-0.2	-0.3	-1.6	0.1	-1.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	55.6%	136.3%	16.7%
Adj EPS ⓘ	124%	NA	NA	-34.8%
BVPSⓘ	91.9%	25.3%	61.6%	86.5%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	3.1	-339.6	38.8	10.3	-3.6	-12.5	-18.3	-22.2	39.3	12.4	5.2
Op. Profit Mgn % ⓘ	0	-103.9	36.6	23.8	2.1	-48.9	-93	-32.3	46.8	25.8	11.4
Net Profit Mgn % ⓘ	0	-221.4	22.9	6.2	-9.9	-58.7	-97.5	-40.9	27.6	16.3	17.2
Debt to Equity ⓘ	4.7	2	0.5	0.6	0.1	0	0.1	1	0	0.3	-
Working Cap Days ⓘ	0	1,386	332	261	452	611	927	595	235	399	564
Cash Conv. Cycle ⓘ	0	733	201	129	190	297	502	335	108	203	503

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 136.29%

Sales growth is good in last 4 quarters at 257.80%

Return on Equity has declined versus last 3 years average to 5.20%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Ideaforge Technology Ltd.

	Standalone	Consolidated
TTM EPS (₹)	7.5	7.5
TTM Sales (₹ Cr.)	186	186
BVPS (₹.) ⓘ	151.2	151
Reserves (₹ Cr.) ⓘ	606	605
P/BV ⓘ	4.54	4.55
PE ⓘ	92.08	92.08

From the Market
52 Week Low / High (₹)	679.50 / 1344.00
All Time Low / High (₹)	679.50 / 1344.00
Market Cap (₹ Cr.)	2,946
Equity (₹ Cr.)	42.9
Face Value (₹)	10
Industry PE ⓘ	52

Management X-Ray of Ideaforge Technology:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Ideaforge Technology

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Ideaforge Technology

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	0	1	16	33	20	18	14	35	159	186
Operating Expenses ⓘ	0	3	10	25	20	27	27	46	85	138
Manufacturing Costs	0	0	0	0	1	1	1	2	1	2
Material Costs	0	0	5	12	7	5	7	18	41	59
Employee Cost	0	1	3	5	7	14	13	19	27	51
Other Costs ⓘ	0	1	2	8	5	6	6	7	15	26
Operating Profit ⓘ	0	-2	6	8	0	-9	-13	-11	75	48
Operating Profit Margin (%)	-	-103.0%	36.6%	23.8%	1.0%	-48.9%	-93.0%	-32.3%	46.8%	25.8%
Other Income ⓘ	0	0	0	1	2	4	2	1	2	10
Interest ⓘ	0	1	1	3	2	1	0	1	19	6
Depreciation ⓘ	0	1	1	2	3	3	2	3	7	12
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	0	-3	4	3	-3	-9	-14	-14	50	41
Tax ⓘ	0	0	0	1	-1	1	0	0	6	9
Profit After Tax	0	-3	4	2	-2	-10	-14	-14	44	32
PAT Margin (%)	-	-221.0%	22.9%	6.2%	-10.7%	-56.5%	-96.0%	-40.9%	27.6%	17.2%
Adjusted EPS (₹)	0.0	-1.9	2.0	1.0	-1.1	-5.1	-6.8	-7.1	21.9	15.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	1	1	10	22	89	79	66	52	149	294
Share Capital ⓘ	0	0	0	0	0	0	0	0	0	21
Reserves ⓘ	1	1	10	22	89	79	65	52	149	273
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	3	1	4	8	3	0	5	43	6	87
Long Term Debt	3	1	3	8	3	0	0	37	0	0
Short Term Debt	0	0	1	0	0	0	5	5	6	87
Trade Payables	0	1	1	3	1	2	1	5	7	14
Others Liabilities ⓘ	2	4	16	10	7	9	7	24	59	88
Total Liabilities ⓘ	6	7	32	43	100	90	79	124	220	483
Fixed Assets
Gross Block	0	1	1	9	13	14	16	28	36	71
Accumulated Depreciation	0	0	0	4	7	10	13	16	9	22
Net Fixed Assetsⓘ	0	0	0	5	6	4	4	13	26	49
CWIP ⓘ	0	0	0	0	1	9	17	14	19	25
Investmentsⓘ	0	0	0	0	54	24	12	0	11	125
Inventories	1	2	3	6	6	10	11	23	49	105
Trade Receivables	2	1	14	6	6	9	10	24	20	58
Cash Equivalents	0	2	8	15	11	19	9	21	35	6
Others Assetsⓘ	3	2	6	10	15	15	17	29	60	115
Total Assets ⓘ	6	7	32	43	100	90	79	124	220	483

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	-1	-6	7	-5	-13	-17	-32	67	-53
PBT ⓘ	-3	4	3	-3	-9	-14	-14	50	41
Adjustment ⓘ	2	2	6	3	3	1	9	30	37
Changes in Working Capital ⓘ	0	-11	0	-6	-6	-4	-26	-6	-125
Tax Paid ⓘ	0	0	-2	0	0	0	0	-7	-6
Cash Flow From Investing Activity ⓘ	0	-3	-5	-61	21	5	-11	-31	-149
Capex	0	0	-1	-5	-9	-9	0	-13	-34
Net Investments	0	-3	-4	-57	29	12	0	-20	-118
Others ⓘ	0	0	1	1	2	2	-11	2	3
Cash Flow From Financing Activityⓘ	3	15	7	63	-6	2	44	-11	176
Net Proceeds from Shares ⓘ	4	13	2	70	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	3	0	0	0	0	0	0	0
Interest Paid ⓘ	0	-1	-3	-2	-1	0	-1	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	8	-6	-5	2	45	-11	176
Net Cash Flow ⓘ	1	6	9	-3	2	-11	1	25	-26

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	3.1	-340.47	65.92	12.88	-3.92	-12.22	-18.73	-24.37	43.9	14.44
ROCE (%)	0.57	-72.92	37.14	21.85	-1.03	-9.13	-16.59	-14.2	49.57	16.06
Asset Turnover Ratio	0	0.22	0.82	0.87	0.29	0.19	0.17	0.35	0.93	0.53
PAT to CFO Conversion(x)	N/A	N/A	-1.5	3.5	N/A	N/A	N/A	N/A	1.52	-1.66
Working Capital Days
Receivable Days	0	404	178	117	114	151	249	177	50	77
Inventory Days	0	367	56	52	113	166	273	179	83	151
Payable Days	0	281	64	66	104	99	78	56	54	67

Ideaforge Technology Ltd Stock News

Ideaforge Technology Ltd FAQs

What is the share price of Ideaforge Technology?

Company share prices are keep on changing according to the market conditions. The closing price of Ideaforge Technology on 26-Apr-2024 16:01 is ₹688.0.

What is the market cap of Ideaforge Technology?

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 26-Apr-2024 16:01 the market cap of Ideaforge Technology stood at ₹2,945.6.

What is the P/E ratio of Ideaforge Technology?

The latest P/E ratio of Ideaforge Technology as of 26-Apr-2024 16:01 is 92.08.

What is the P/B ratio of Ideaforge Technology?

The latest P/B ratio of Ideaforge Technology as of 26-Apr-2024 16:01 is 4.54.

What is the 52-week high and low of Ideaforge Technology?

The 52-week high of Ideaforge Technology is ₹1,344 and the 52-week low is ₹679.5.

What is the TTM revenue of Ideaforge Technology?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ideaforge Technology is ₹186.0 ( Cr.) .

About Ideaforge Technology Ltd

The company was incorporated as ‘ideaForge Technology Private Limited’ on February 8, 2007, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated February 8, 2007 issued by the RoC. Subsequently, upon the conversion of the company into a public limited company, pursuant to a resolution passed by its Shareholders’ on December 20, 2022, the name of the company was changed to ‘ideaForge Technology Limited’ and a fresh certificate of incorporation dated January 2, 2023 was issued by the RoC.

ideaForge Technology is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market. It had the largest operational deployment of indigenous UAVs across India, with an ideaForge manufactured drone taking off every five minutes for surveillance and mapping on an average. Its customers have completed many flights using its UAVs.Its UAVs are equipped with industry leading specifications and capabilities, comparable to those of other established global players in the UAV industry. Its capabilities like its indigenous design and technological ability to invent, design and deliver customer centric offerings allow it to design, develop, engineer and manufacture its UAVs in-house with a control on performance, reliability and autonomy. Its UAV platforms are architected with a ‘mission first’ approach i.e., to deliver UAVs which meet the requirements of its customers and which, it considers, can reliably sustain a large number of flights and are capable of being autonomously operated without special skills or training. In addition to being among the first few players in India to enter the UAV market, it also has the distinction of being the first company to indigenously develop and manufacture vertical take-off and landing (VTOL) UAVs in India in 2009. It has industry’s leading product portfolios targeted at civil and defence applications (dual use).

Its product portfolio consists of (a) hardware, which primarily includes UAVs, payloads, batteries, chargers and communication system (which enables communication between the ground control station and the UAVs), (b) software and embedded sub-systems, which includes the GCS software, which enables the controlling and management for its UAVs and autopilot sub-system, which enables remote control and autonomous completion of flights, and (c) solutions, which enables industry/ application specific software that enhances the value of its UAVs to the end customer. Its wide range of products gives it the necessary flexibility to meet the evolving demands of diverse customers across industries.

Business area of the company

The company is engaged in the business of manufacturing and marketing of UAV systems which are used for security and surveillance. Its ancillary business of providing training and maintenance service evolves around the main business of manufacture and marketing of UAV systems.

Products and software of the company

Ninja UAV
Ryno UAV
Q4i UAV
Q6 UAV
Netra V4+ UAV
Switch UAV
Netra V4 Pro UAV
BlueFire touch
Autopilot

Awards, accreditations or recognition

2017: Recognised as Best Product Design Company in the Indian Aerospace & Defence category by India Electronics & Semiconductor Association (IESA) at the Deftronics Award 2017.
2018: Received an award for business innovation at the MIF Awards 2018 by the Marico Innovation Foundation.
2020: Recognised as Top Indian MSME for Patents and Commercialisation at the National Intellectual Property Awards 2020.
2021: Received the National Geospatial Award by Federation of Indian Chambers of Commerce & Industry.
2021: Recognised as Best Drone Company by The Associated Chambers of Commerce and Industry of India at the 13th International Conference cum Awards - Civil Aviation & Cargo.
2022: Received the Outstanding Achiever Award by Thane Small Scale Industries Association.
2023: Received the National Technology Award during the National Technology Week organised by the Department of Science and Technology, Government of India.
2023: Received the ‘Disruptor’ award at the CNBC-TV18 India Business Leader Awards 2023.

History and milestone

2007: Incorporation of the company.
2007: Incubation at Society for Innovation and Entrepreneurship, Bombay.
2009: First angel investment by Sujata Vemuri in consultation with Ravi Bhagavatula.
2009: Demonstrated NETRA, exhibiting the product launch of India’s first quadcopter drone at DefExpo.
2009: Early prototype of its VTOL UAV (quadrotor helicopter) was featured in a popular Bollywood movie.
2009: Developed one of the world’s smallest and lightest autopilots.
2010: Sale of its first drone to a state police department.
2010: Developed NETRA UAV in partnership with a Government of India entity.
2014: Received Rs 388.10 million capital contract from Government of India entities.
2015: Angel Investment by Centre for Innovation, Incubation and Entrepreneurship, Indian Institute of Management, Ahmedabad (IIM- Ahmedabad).
2016: Developed the first hybrid VTOL drone with fixed wings in India, known as the SWITCH UAV.
2017: First round of institutional investment by Celesta Capital II Mauritius, Celesta Capital II-B Mauritius, Qualcomm Asia Pacific Pte. Ltd. and Infosys Limited.
2019: First Company to participate in the demonstration of 5G enabled UAVs at Indian Mobile Congress.
2020: Bagged contract for SWITCH 1.0 UAVs for around $18.27 million.
2022: Won the largest mini-VTOL UAV contract against global competitors from Russia, Israel, France, Ukraine and other countries.
2022: Second round of institutional investment by Florintree Enterprise LLP, Infina Finance Private Limited and Export Import Bank of India in addition to first round of institutional investors.
2022: Incorporated a Subsidiary in USA, ideaForge Technology Inc.
2023: Launched Netra V4 Pro in USA.