ALFA Finder| 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
- ₹714.15
- Market cap
- ₹3,551 Cr
- Revenue (annual)
- ₹226.1 Cr
- Net profit (annual)
- ₹-17.03 Cr
- P/E (TTM)
- 118.3×Sector 51.9×
- Promoter holding
- 25.25%-3.71% QoQ
- FII holding
- 7.27%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 Other Announcement
Director Vipul Joshi's pledge over 3,70,370 ideaForge shares was released on 22 October 2026 after loan repayment. The filing reports no change in his holding.
- Value
- ₹25.00 Cr
ideaForge Technology Earnings Call Transcript: Key Takeaways
Ideaforge returned to profitability with Q2 revenue up 124% YoY, executing 50% of its FY27 opening order book.
ideaForge Technology Investor Presentation: Key Takeaways
Q2 FY27 revenue INR 912.9 Mn (+124% YoY), PAT INR 64.6 Mn (7.1% margin), EBITDA 25.4%, a turnaround from loss. Defence is 72% of revenue.
ideaForge Technology Results Update
ideaForge reported Q2 FY27 revenue of ₹91.3 crore and PAT of ₹6.5 crore, turning profitable. H1 revenue reached a record ₹159.9 crore.
ideaForge Technology Q2 FY27 Results: Turns Profitable, Net Profit ₹6.5 Cr
ideaForge Technology Ltd reported revenue from operations of ₹91.3 Cr (+123.8% YoY) and net profit of ₹6.5 Cr for Q2 FY27.
- Key figure
- Net profit ₹6.5 Cr
ideaForge Technology Merger & Restructuring
ideaForge's US subsidiary terminated its JV agreement with First Breach Inc. on October 23, 2026. Closing never occurred, so no shares were issued or capital contributed.