Ideaforge Technology Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 12:47 am

Market Cap	2,527 Cr.
Current Price	587
High / Low	886/535
Stock P/E	201
Book Value	152
Dividend Yield	0.00 %
ROCE	11.5 %
ROE	8.84 %
Face Value	10.0
PEG Ratio	-4.80

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Ideaforge Technology Ltd	2,527 Cr.	587	886/535	201	152	0.00 %	11.5 %	8.84 %	10.0
Industry Average	2,527.00 Cr	587.00		201.00	152.00	0.00%	11.50%	8.84%	10.00

All Competitor Stocks of

Quarterly Result

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

Last Updated: November 6, 2024, 6:30 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: November 22, 2024, 2:19 pm

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	14	35	159	186	314	316
Expenses	26	45	85	138	257	295
Operating Profit	-12	-11	75	48	57	21
OPM %	-88%	-31%	47%	26%	18%	7%
Other Income	2	2	2	10	30	24
Interest	1	2	19	6	5	2
Depreciation	3	4	7	12	21	25
Profit before tax	-13	-14	50	41	61	18
Tax %	0%	1%	12%	22%	26%
Net Profit	-13	-15	44	32	45	13
EPS in Rs	-1,499.44	-1,625.56	4,862.98	14.99	10.56	2.94
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%

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:	89%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	71%
TTM:	93%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	-29%

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

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
Promoters	30.19%	29.34%	29.33%	29.33%	29.23%
FIIs	2.76%	3.46%	2.75%	2.92%	3.50%
DIIs	10.15%	6.39%	3.76%	3.40%	2.34%
Public	56.90%	60.80%	64.15%	64.32%	64.92%
No. of Shareholders	87,735	1,04,732	1,44,920	1,74,253	1,79,920

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	39,190	2024-12-20	712.23%
Axis Innovation Fund	122,077	0.66	8.61	39,190	2024-12-20	211.5%
Aditya Birla Sun Life Nifty India Defence Index Fund	39,190	0.84	2.76	39,190	2024-12-20	0%
Groww Nifty Total Market Index Fund	240	0.01	0.02	39,190	2024-12-20	-99.39%
Bandhan Nifty Total Market Index Fund	35	0.01	0	39,190	2024-12-20	-99.91%

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

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 2,754.81

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 December 22, 2024, is Undervalued by 369.30% compared to the current share price 587.00

Intrinsic Value of as of December 22, 2024 is: 1,600.57

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 December 22, 2024, is Undervalued by 172.67% compared to the current share price 587.00

Last 5 Year EPS CAGR: -41.90%

*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 (170.67 cr) and profit (23.83 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.

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 :
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: 201 (Industry average Stock P/E: 201)
  - 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

Aerospace & Defense

INDUSTRY	ADDRESS	CONTACT
EL-146, TTC Industrial Area, New Mumbai Maharashtra 400710	Mr.	Srikanth%20Velamakanni Chairman%20&%20Ind.Director

Management
Name	Position Held
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 latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹2754.81, which is 369.30% higher than the current market price of ₹587.00. The stock has a market capitalization of 2,527 Cr. and recorded a high/low of 886/535 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹610 Cr and total liabilities of ₹705 Cr.

What is the Market Cap of ?

The Market Cap of is 2,527 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 587.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 886/535.

What is the Stock P/E of ?

The Stock P/E of is 201.

What is the Book Value of ?

The Book Value of is 152.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 11.5 %.

What is the ROE of ?

The ROE of is 8.84 %.

What is the Face Value of ?

The Face Value of is 10.0.