Ideaforge Technology Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 30, 2025, 8:04 pm

Market Cap	1,625 Cr.
Current Price	377
High / Low	864/301
Stock P/E
Book Value	152
Dividend Yield	0.00 %
ROCE	11.5 %
ROE	8.84 %
Face Value	10.0
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ideaforge Technology Ltd

Competitors of Ideaforge Technology Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Ideaforge Technology Ltd	1,625 Cr.	377	864/301		152	0.00 %	11.5 %	8.84 %	10.0
Industry Average	1,625.00 Cr	377.00		0	152.00	0.00%	11.50%	8.84%	10.00

All Competitor Stocks of Ideaforge Technology Ltd

Quarterly Result

Metric	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	99	40	8	39	97	24	91	102	86	37	18
Expenses	44	33	24	37	69	32	71	87	84	53	35
Operating Profit	55	7	-16	1	28	-8	20	15	2	-16	-17
OPM %	55%	17%	-207%	3%	29%	-33%	22%	15%	3%	-43%	-99%
Other Income	1	3	2	4	4	15	7	5	6	6	5
Interest	0	1	1	3	2	1	0	0	0	1	0
Depreciation	3	3	3	3	5	5	6	6	7	7	7
Profit before tax	53	6	-18	-0	25	1	20	14	2	-18	-20
Tax %	22%	38%	-57%	1,029%	25%	33%	27%	27%	25%	-24%	18%
Net Profit	41	4	-8	-5	19	1	15	10	1	-14	-24
EPS in Rs	4,552.98	438.19	-3.73	-2.54	4.95	0.21	3.45	2.41	0.27	-3.19	-5.58

Last Updated: March 3, 2025, 11:52 pm

Below is a detailed analysis of the quarterly data for Ideaforge Technology Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 18.00 Cr.. The value appears to be declining and may need further review. It has decreased from 37.00 Cr. (Sep 2024) to 18.00 Cr., marking a decrease of 19.00 Cr..
For Expenses, as of Dec 2024, the value is 35.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 53.00 Cr. (Sep 2024) to 35.00 Cr., marking a decrease of 18.00 Cr..
For Operating Profit, as of Dec 2024, the value is -17.00 Cr.. The value appears to be declining and may need further review. It has decreased from -16.00 Cr. (Sep 2024) to -17.00 Cr., marking a decrease of 1.00 Cr..
For OPM %, as of Dec 2024, the value is -99.00%. The value appears to be declining and may need further review. It has decreased from -43.00% (Sep 2024) to -99.00%, marking a decrease of 56.00%.
For Other Income, as of Dec 2024, the value is 5.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6.00 Cr. (Sep 2024) to 5.00 Cr., marking a decrease of 1.00 Cr..
For Interest, as of Dec 2024, the value is 0.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1.00 Cr. (Sep 2024) to 0.00 Cr., marking a decrease of 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 7.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 7.00 Cr..
For Profit before tax, as of Dec 2024, the value is -20.00 Cr.. The value appears to be declining and may need further review. It has decreased from -18.00 Cr. (Sep 2024) to -20.00 Cr., marking a decrease of 2.00 Cr..
For Tax %, as of Dec 2024, the value is 18.00%. The value appears to be increasing, which may not be favorable. It has increased from -24.00% (Sep 2024) to 18.00%, marking an increase of 42.00%.
For Net Profit, as of Dec 2024, the value is -24.00 Cr.. The value appears to be declining and may need further review. It has decreased from -14.00 Cr. (Sep 2024) to -24.00 Cr., marking a decrease of 10.00 Cr..
For EPS in Rs, as of Dec 2024, the value is -5.58. The value appears to be declining and may need further review. It has decreased from -3.19 (Sep 2024) to -5.58, marking a decrease of 2.39.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 15, 2025, 3:09 am

Metric	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	14	35	159	186	314	243
Expenses	26	45	85	138	257	259
Operating Profit	-12	-11	75	48	57	-16
OPM %	-88%	-31%	47%	26%	18%	-7%
Other Income	2	2	2	10	30	22
Interest	1	2	19	6	5	2
Depreciation	3	4	7	12	21	27
Profit before tax	-13	-14	50	41	61	-23
Tax %	0%	1%	12%	22%	26%
Net Profit	-13	-15	44	32	45	-26
EPS in Rs	-1,499.44	-1,625.56	4,862.98	14.99	10.56	-6.09
Dividend Payout %	-0%	-0%	-0%	-0%	-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-15.38%	393.33%	-27.27%	40.62%
Change in YoY Net Profit Growth (%)	0.00%	408.72%	-420.61%	67.90%

Ideaforge Technology Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2020-2021 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	108%
TTM:	-3%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	71%
TTM:	-190%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	-45%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	14%
Last Year:	9%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 2:30 pm

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.09	0.09	0.09	21	43	43
Reserves	68	60	163	303	618	610
Borrowings	7	51	16	101	14	16
Other Liabilities	5	13	43	63	67	36
Total Liabilities	80	124	222	488	743	705
Fixed Assets	5	13	26	49	67	158
CWIP	17	14	19	25	54	1
Investments	12	0	11	125	88	112
Other Assets	46	97	166	289	533	434
Total Assets	80	124	222	488	743	705

Below is a detailed analysis of the balance sheet data for Ideaforge Technology Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹43.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 43.00 Cr..
For Reserves, as of Sep 2024, the value is ₹610.00 Cr.. The value appears to be declining and may need further review. It has decreased from 618.00 Cr. (Mar 2024) to ₹610.00 Cr., marking a decrease of 8.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹16.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 14.00 Cr. (Mar 2024) to ₹16.00 Cr., marking an increase of 2.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹36.00 Cr.. The value appears to be improving (decreasing). It has decreased from 67.00 Cr. (Mar 2024) to ₹36.00 Cr., marking a decrease of 31.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹705.00 Cr.. The value appears to be improving (decreasing). It has decreased from 743.00 Cr. (Mar 2024) to ₹705.00 Cr., marking a decrease of 38.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹158.00 Cr.. The value appears strong and on an upward trend. It has increased from 67.00 Cr. (Mar 2024) to ₹158.00 Cr., marking an increase of 91.00 Cr..
For CWIP, as of Sep 2024, the value is ₹1.00 Cr.. The value appears to be declining and may need further review. It has decreased from 54.00 Cr. (Mar 2024) to ₹1.00 Cr., marking a decrease of 53.00 Cr..
For Investments, as of Sep 2024, the value is ₹112.00 Cr.. The value appears strong and on an upward trend. It has increased from 88.00 Cr. (Mar 2024) to ₹112.00 Cr., marking an increase of 24.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹434.00 Cr.. The value appears to be declining and may need further review. It has decreased from 533.00 Cr. (Mar 2024) to ₹434.00 Cr., marking a decrease of 99.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹705.00 Cr.. The value appears to be declining and may need further review. It has decreased from 743.00 Cr. (Mar 2024) to ₹705.00 Cr., marking a decrease of 38.00 Cr..

Notably, the Reserves (610.00 Cr.) exceed the Borrowings (16.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-16	-31	67	-53	76
Cash from Investing Activity +	5	-7	-31	-149	-102
Cash from Financing Activity +	1	43	-11	176	189
Net Cash Flow	-11	5	25	-26	164

Free Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-19.00	-62.00	59.00	-53.00	43.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	264	250	46	113	52
Inventory Days	532	451	433	639	222
Days Payable	40	91	66	85	36
Cash Conversion Cycle	756	609	413	667	237
Working Capital Days	882	591	132	379	208
ROCE %		-14%	48%	15%	11%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	30.19%	29.34%	29.33%	29.33%	29.23%	29.23%
FIIs	2.76%	3.46%	2.75%	2.92%	3.50%	1.36%
DIIs	10.15%	6.39%	3.76%	3.40%	2.34%	2.48%
Public	56.90%	60.80%	64.15%	64.32%	64.92%	66.93%
No. of Shareholders	87,735	1,04,732	1,44,920	1,74,253	1,79,920	1,78,211

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Defence Fund	318,313	0.56	22.45	318,313	2025-04-22 17:25:11	0%
Axis Innovation Fund	122,077	0.66	8.61	122,077	2025-04-22 17:25:11	0%
Aditya Birla Sun Life Nifty India Defence Index Fund	39,190	0.84	2.76	39,190	2025-04-22 17:25:11	0%
Groww Nifty Total Market Index Fund	240	0.01	0.02	240	2025-04-22 17:25:11	0%
Bandhan Nifty Total Market Index Fund	35	0.01	0	35	2025-04-22 17:25:11	0%

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	10.96	8.55	13.84	-5.03
Diluted EPS (Rs.)	10.77	8.12	13.13	-5.03
Cash EPS (Rs.)	15.49	20.55	5762.92	-1241.01
Book Value[Excl.RevalReserv]/Share (Rs.)	154.04	152.16	12404.27	6708.99
Book Value[Incl.RevalReserv]/Share (Rs.)	154.04	152.16	12404.27	6708.99
Revenue From Operations / Share (Rs.)	73.22	87.17	17914.49	3900.90
PBDIT / Share (Rs.)	20.03	26.94	8441.68	-1039.44
PBIT / Share (Rs.)	15.09	21.39	7623.26	-1441.80
PBT / Share (Rs.)	14.24	19.12	5637.86	-1629.66
Net Profit / Share (Rs.)	10.56	14.99	4944.49	-1643.37
NP After MI And SOA / Share (Rs.)	10.56	14.99	4944.49	-1643.37
PBDIT Margin (%)	27.35	30.90	47.12	-26.64
PBIT Margin (%)	20.61	24.53	42.55	-36.96
PBT Margin (%)	19.44	21.93	31.47	-41.77
Net Profit Margin (%)	14.41	17.19	27.60	-42.12
NP After MI And SOA Margin (%)	14.41	17.19	27.60	-42.12
Return on Networth / Equity (%)	6.85	9.85	39.86	-24.49
Return on Capital Employeed (%)	9.60	13.48	38.73	-12.90
Return On Assets (%)	6.09	6.55	19.79	-11.81
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.63
Total Debt / Equity (X)	0.00	0.26	0.05	0.84
Asset Turnover Ratio (%)	0.51	0.00	0.96	0.00
Current Ratio (X)	8.80	2.57	3.04	3.35
Quick Ratio (X)	7.36	1.87	2.01	2.39
Inventory Turnover Ratio (X)	1.45	0.00	1.42	0.00
Interest Coverage Ratio (X)	23.51	11.89	4.25	-5.53
Interest Coverage Ratio (Post Tax) (X)	13.39	7.62	3.49	-7.75
Enterprise Value (Cr.)	2675.24	0.00	0.00	0.00
EV / Net Operating Revenue (X)	8.52	0.00	0.00	0.00
EV / EBITDA (X)	31.15	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	9.39	0.00	0.00	0.00
Price / BV (X)	4.46	0.00	0.00	0.00
Price / Net Operating Revenue (X)	9.39	0.00	0.00	0.00
EarningsYield	0.01	0.00	0.00	0.00

After reviewing the key financial ratios for Ideaforge Technology Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 10.96. This value is within the healthy range. It has increased from 8.55 (Mar 23) to 10.96, marking an increase of 2.41.
For Diluted EPS (Rs.), as of Mar 24, the value is 10.77. This value is within the healthy range. It has increased from 8.12 (Mar 23) to 10.77, marking an increase of 2.65.
For Cash EPS (Rs.), as of Mar 24, the value is 15.49. This value is within the healthy range. It has decreased from 20.55 (Mar 23) to 15.49, marking a decrease of 5.06.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 154.04. It has increased from 152.16 (Mar 23) to 154.04, marking an increase of 1.88.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 154.04. It has increased from 152.16 (Mar 23) to 154.04, marking an increase of 1.88.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 73.22. It has decreased from 87.17 (Mar 23) to 73.22, marking a decrease of 13.95.
For PBDIT / Share (Rs.), as of Mar 24, the value is 20.03. This value is within the healthy range. It has decreased from 26.94 (Mar 23) to 20.03, marking a decrease of 6.91.
For PBIT / Share (Rs.), as of Mar 24, the value is 15.09. This value is within the healthy range. It has decreased from 21.39 (Mar 23) to 15.09, marking a decrease of 6.30.
For PBT / Share (Rs.), as of Mar 24, the value is 14.24. This value is within the healthy range. It has decreased from 19.12 (Mar 23) to 14.24, marking a decrease of 4.88.
For Net Profit / Share (Rs.), as of Mar 24, the value is 10.56. This value is within the healthy range. It has decreased from 14.99 (Mar 23) to 10.56, marking a decrease of 4.43.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 10.56. This value is within the healthy range. It has decreased from 14.99 (Mar 23) to 10.56, marking a decrease of 4.43.
For PBDIT Margin (%), as of Mar 24, the value is 27.35. This value is within the healthy range. It has decreased from 30.90 (Mar 23) to 27.35, marking a decrease of 3.55.
For PBIT Margin (%), as of Mar 24, the value is 20.61. This value exceeds the healthy maximum of 20. It has decreased from 24.53 (Mar 23) to 20.61, marking a decrease of 3.92.
For PBT Margin (%), as of Mar 24, the value is 19.44. This value is within the healthy range. It has decreased from 21.93 (Mar 23) to 19.44, marking a decrease of 2.49.
For Net Profit Margin (%), as of Mar 24, the value is 14.41. This value exceeds the healthy maximum of 10. It has decreased from 17.19 (Mar 23) to 14.41, marking a decrease of 2.78.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 14.41. This value is within the healthy range. It has decreased from 17.19 (Mar 23) to 14.41, marking a decrease of 2.78.
For Return on Networth / Equity (%), as of Mar 24, the value is 6.85. This value is below the healthy minimum of 15. It has decreased from 9.85 (Mar 23) to 6.85, marking a decrease of 3.00.
For Return on Capital Employeed (%), as of Mar 24, the value is 9.60. This value is below the healthy minimum of 10. It has decreased from 13.48 (Mar 23) to 9.60, marking a decrease of 3.88.
For Return On Assets (%), as of Mar 24, the value is 6.09. This value is within the healthy range. It has decreased from 6.55 (Mar 23) to 6.09, marking a decrease of 0.46.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. It has decreased from 0.26 (Mar 23) to 0.00, marking a decrease of 0.26.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.51. It has increased from 0.00 (Mar 23) to 0.51, marking an increase of 0.51.
For Current Ratio (X), as of Mar 24, the value is 8.80. This value exceeds the healthy maximum of 3. It has increased from 2.57 (Mar 23) to 8.80, marking an increase of 6.23.
For Quick Ratio (X), as of Mar 24, the value is 7.36. This value exceeds the healthy maximum of 2. It has increased from 1.87 (Mar 23) to 7.36, marking an increase of 5.49.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.45. This value is below the healthy minimum of 4. It has increased from 0.00 (Mar 23) to 1.45, marking an increase of 1.45.
For Interest Coverage Ratio (X), as of Mar 24, the value is 23.51. This value is within the healthy range. It has increased from 11.89 (Mar 23) to 23.51, marking an increase of 11.62.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 13.39. This value is within the healthy range. It has increased from 7.62 (Mar 23) to 13.39, marking an increase of 5.77.
For Enterprise Value (Cr.), as of Mar 24, the value is 2,675.24. It has increased from 0.00 (Mar 23) to 2,675.24, marking an increase of 2,675.24.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 8.52. This value exceeds the healthy maximum of 3. It has increased from 0.00 (Mar 23) to 8.52, marking an increase of 8.52.
For EV / EBITDA (X), as of Mar 24, the value is 31.15. This value exceeds the healthy maximum of 15. It has increased from 0.00 (Mar 23) to 31.15, marking an increase of 31.15.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 9.39. This value exceeds the healthy maximum of 3. It has increased from 0.00 (Mar 23) to 9.39, marking an increase of 9.39.
For Price / BV (X), as of Mar 24, the value is 4.46. This value exceeds the healthy maximum of 3. It has increased from 0.00 (Mar 23) to 4.46, marking an increase of 4.46.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 9.39. This value exceeds the healthy maximum of 3. It has increased from 0.00 (Mar 23) to 9.39, marking an increase of 9.39.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. It has increased from 0.00 (Mar 23) to 0.01, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ideaforge Technology Ltd as of April 30, 2025 is: 164.47

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 30, 2025, Ideaforge Technology Ltd is Overvalued by 56.37% compared to the current share price 377.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Ideaforge Technology Ltd as of April 30, 2025 is: 58.63

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 30, 2025, Ideaforge Technology Ltd is Overvalued by 84.45% compared to the current share price 377.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -64.35%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock is trading at a low valuation with an average P/B ratio of 1,554.49 and average Dividend Yield of 12.68%. The company has higher reserves (303.67 cr) compared to borrowings (34.17 cr), indicating strong financial stability. The company has shown consistent growth in sales (158.50 cr) and profit (17.00 cr) over the years.	The stock has a low average ROCE of 12.00%, which may not be favorable. The stock has a high average Working Capital Days of 438.40, which may not be favorable. The stock has a high average Cash Conversion Cycle of 536.40, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ideaforge Technology Ltd:
1. Net Profit Margin: 14.41%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 9.6% (Industry Average ROCE: 11.5%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 6.85% (Industry Average ROE: 8.84%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 13.39
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 7.36
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 0)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

ideaForge Technology Ltd. is a Public Limited Listed company incorporated on 08/02/2007 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L31401MH2007PLC167669 and registration number is 167669. Currently Company is involved in the business activities of Manufacture of radar equipment, gps devices, search, detection, navigation, aeronautical and nautical equipment. Company's Total Operating Revenue is Rs. 317.02 Cr. and Equity Capital is Rs. 42.89 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Aerospace & Defense	EL-146, TTC Industrial Area, New Mumbai Maharashtra 400710	info@ideaforgetech.com http://www.ideaforgetech.com

Management
Name	Position Held
Mr. Srikanth Velamakanni	Chairman & Ind.Director
Mr. Ankit Mehta	WholeTime Director & CEO
Mr. Rahul Singh	Whole Time Director
Mr. Ashish Bhat	Whole Time Director
Mr. Ganapathy Subramaniam	Non Exe. & Nominee Director
Mr. Mathew Cyriac	Non Exe. & Nominee Director
Ms. Sutapa Banerjee	Independent Director
Mr. Vikas Balia	Independent Director

FAQ

What is the intrinsic value of Ideaforge Technology Ltd?

Ideaforge Technology Ltd's intrinsic value (as of 30 April 2025) is ₹164.47 — 56.37% lower the current market price of 377.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,625 Cr. market cap, FY2025-2026 high/low of ₹864/301, reserves of 610 Cr, and liabilities of 705 Cr.

What is the Market Cap of Ideaforge Technology Ltd?

The Market Cap of Ideaforge Technology Ltd is 1,625 Cr..

What is the current Stock Price of Ideaforge Technology Ltd as on 30 April 2025?

The current stock price of Ideaforge Technology Ltd as on 30 April 2025 is 377.

What is the High / Low of Ideaforge Technology Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Ideaforge Technology Ltd stocks is ₹864/301.

What is the Stock P/E of Ideaforge Technology Ltd?

The Stock P/E of Ideaforge Technology Ltd is .

What is the Book Value of Ideaforge Technology Ltd?

The Book Value of Ideaforge Technology Ltd is 152.

What is the Dividend Yield of Ideaforge Technology Ltd?

The Dividend Yield of Ideaforge Technology Ltd is 0.00 %.

What is the ROCE of Ideaforge Technology Ltd?

The ROCE of Ideaforge Technology Ltd is 11.5 %.

What is the ROE of Ideaforge Technology Ltd?

The ROE of Ideaforge Technology Ltd is 8.84 %.

What is the Face Value of Ideaforge Technology Ltd?

The Face Value of Ideaforge Technology Ltd is 10.0.