| Order book | Recent orders: ₹137.4 Cr (MoD) and ₹107.3 Cr for tactical UAVs. |
|---|---|
| Demand visibility | Identified 30 distinct drone types for long-term visibility; SVAMITVA mapping scale. |
| Management confidence | High; emphasizing 19+ years of proven execution and global ranking. |
Growth
Executed 950,000+ missions; 19+ years in UAV business; $360M+ market cap as of May 2026.
Outlook
Launching next-gen UAVs (NETRA 5, SWITCH V2, YETI, ZOLT); targeting global expansion in US, EU, MENA.
Risks
Operations in contested electromagnetic environments and reliance on indigenization levels (currently 60%).
Last quarter's promises, checked
Delivered
- Guided 40-45% order book revenue recognition in Q4 → Delivered (per current call summary) (= BEAT)
- Guided turning profitable with better gross margins in Q4 → Delivered (per current call summary) (= BEAT)
- Targeted 50%+ gross margin trajectory for FY26 → Delivered (per current call summary) (= BEAT)
Partly delivered
- Guided YETI propulsion testing in H1 2026 → Launching next-gen (per current call summary) (= PARTIAL)
Earnings Call filed with BSE, NSE: IDEAFORGE. Summary written with AI assistance from the document.
ideaForge Technology Ltd: key numbers
- Share price
- ₹699.00
- Market cap
- ₹3,475 Cr
- Revenue (annual)
- ₹226.1 Cr
- Net profit (annual)
- ₹-17.03 Cr
- P/E (TTM)
- 883.8×Sector 53.9×
- Promoter holding
- 25.26%-3.78% QoQ
- FII holding
- 8.27%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from ideaForge Technology Ltd
All →ideaForge Technology Employee Stock Options
ideaForge Technology allotted 8,826 equity shares at Rs.10 face value upon exercise of vested stock options under its 2018 ESOP scheme. Post-allotment paid-up capital rises to Rs.49,71,73,320.
ideaForge Technology Other Announcement
Ideaforge Technology Ltd filed its quarterly shareholding pattern for the period ended December 31, 2024. This document provides the updated breakdown of promoter and public shareholding.
ideaForge Technology Other Announcement
Designated person Vishal Saxena sold 1,74,805 shares of ideaForge Technology Ltd for Rs. 13.00 Crore. This disclosure follows insider trading regulations.
- Value
- ₹13.00 Cr
ideaForge Technology Employee Stock Options
ideaForge Technology Limited has allotted 14,135 equity shares following the exercise of options under its 2018 ESOP scheme. The company's paid-up capital increased to Rs. 49.71 Crore.
ideaForge Technology Earnings Call Transcript: Key Takeaways
Ideaforge delivered steady Q1 FY27 results, converting 20% of its order book into revenue. Management is focused on executing its 256.8 Cr backlog while aggressively developing high-altitude combat and logistics drone capabilities.
ideaForge Technology Results Update
ideaForge reported Q1 FY27 revenue of ₹68.6 crore with positive EBITDA. The company also highlighted a previously completed ₹500 crore QIP and RDI funding.