Ideaforge Technology Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Ideaforge Technology Ltd?

Ideaforge Technology Ltd is trading at 785.00 as of 05 September 2026, with a FY2026-2027 high of 997 and low of 366. The stock is currently in the middle of its 52-week range. Market cap stands at 3,903 Cr..

Q: Is Ideaforge Technology Ltd financially healthy?

Key indicators: ROCE of 2.81 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Ideaforge Technology Ltd profitable and how is the profit trend?

Ideaforge Technology Ltd reported a net profit of -62 Cr in Mar 2025 on revenue of 161 Cr. Compared to 44 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹3,734.78Undervalued by 375.77%vs CMP ₹785.00

P/E (993.0) × ROE (3.3%) × BV (₹138.00) × DY (2.00%)

₹673.88Overvalued by 14.16%vs CMP ₹785.00

MoS: -16.5% (Negative)Confidence: 44/100 (Low)Models: 1 Under, 3 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹1,487.13	43%	Under (+89.4%)
Earnings Power	Earnings	₹14.11	21%	Over (-98.2%)
Net Asset Value	Assets	₹120.48	21%	Over (-84.7%)
Revenue Multiple	Revenue	₹32.38	16%	Over (-95.9%)
Consensus (4 models)		₹673.88	100%	Overvalued

Key Drivers: EPS CAGR -60.2% drags value — could be higher if earnings stabilize. | P/E of 993 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -60.2%

*Investments are subject to market risks

Analyst Summary

Ideaforge Technology Ltd operates in the Aerospace & Defense segment, NSE: IDEAFORGE | BSE: 543932, current market price is ₹785.00, market cap is 3,903 Cr.. At a glance, stock P/E is 993, ROE is 3.34 %, ROCE is 2.81 %, book value is 138, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹673.88, around 14.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹161 Cr versus the prior period change of -48.7%, while latest net profit is about ₹-62 Cr with a prior-period change of -237.8%. The 52-week range shown on this page is 997/366, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisideaForge 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)…

This summary is generated from the stock page data available for Ideaforge Technology Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Ideaforge Technology Ltd scores 39/100 (Weak)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health45/100 · Moderate

ROCE 2.8% WeakROE 3.3% WeakD/E 0.84 ModerateInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed

Smart Money70/100 · Strong

FII holding up 8.07% (6mo) AccumulatingDII holding up 9.49% MF buyingPromoter decreased by 3.70% Caution

Earnings Quality30/100 · Weak

OPM contracting (37% → -7%) DecliningWorking capital: 403 days Capital intensive

Quarterly Momentum45/100 · Moderate

Revenue (4Q): -56% YoY DecliningOPM: -84.0% (up 15.0% YoY) Margin expansion

Industry Rank15/100 · Weak

P/E 993.0 vs industry 369.2 Premium to peersROCE 2.8% vs industry 12.5% Below peersROE 3.3% vs industry 10.4% Below peers3Y sales CAGR: 0% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 10:28 am

Market Cap	3,903 Cr.
Current Price	785
Intrinsic Value	₹673.88
High / Low	997/366
Stock P/E	993
Book Value	138
Dividend Yield	0.00 %
ROCE	2.81 %
ROE	3.34 %
Face Value	10.0
PEG Ratio	-16.50

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

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Ideaforge Technology Ltd	3,903 Cr.	785	997/366	993	138	0.00 %	2.81 %	3.34 %	10.0
CFF Fluid Control Ltd	2,213 Cr.	1,055	1,058/445	56.4	127	0.12 %	23.5 %	19.0 %	10.0
Mishra Dhatu Nigam Ltd	7,833 Cr.	418	457/267	58.3	81.7	0.20 %	11.3 %	8.88 %	10.0
Industry Average	4,649.67 Cr	752.67		369.23	115.57	0.11%	12.54%	10.41%	10.00

All Competitor Stocks of Ideaforge Technology Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	8	39	97	24	91	102	86	37	18	20	13	41	32
Expenses	24	37	69	32	71	87	84	53	35	42	32	52	58
Operating Profit	-16	1	28	-8	20	15	2	-16	-17	-22	-19	-11	-27
OPM %	-207%	3%	29%	-33%	22%	15%	3%	-43%	-99%	-108%	-149%	-28%	-84%
Other Income	2	4	4	15	7	5	6	6	5	4	4	3	3
Interest	1	3	2	1	0	0	0	1	0	0	0	1	1
Depreciation	3	3	5	5	6	6	7	7	7	8	10	11	11
Profit before tax	-18	-0	25	1	20	14	2	-18	-20	-26	-25	-19	-36
Tax %	-57%	1,029%	25%	33%	27%	27%	25%	-24%	18%	0%	-7%	1%	-6%
Net Profit	-8	-5	19	1	15	10	1	-14	-24	-26	-24	-20	-34
EPS in Rs	-3.73	-2.54	4.95	0.21	3.45	2.41	0.27	-3.19	-5.58	-5.97	-5.45	-4.54	-7.83

Last Updated: February 1, 2026, 12:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 11:37 am

Metric	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	14	35	159	186	314	161	105
Expenses	26	45	85	138	257	213	184
Operating Profit	-12	-11	75	48	57	-52	-79
OPM %	-88%	-31%	47%	26%	18%	-32%	-75%
Other Income	2	2	2	10	30	21	14
Interest	1	2	19	6	5	2	3
Depreciation	3	4	7	12	21	29	39
Profit before tax	-13	-14	50	41	61	-62	-106
Tax %	0%	1%	12%	22%	26%	-0%
Net Profit	-13	-15	44	32	45	-62	-103
EPS in Rs	-1,499.44	-1,625.56	4,862.98	14.99	10.56	-14.46	-23.79
Dividend Payout %	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-15.38%	393.33%	-27.27%	40.62%	-237.78%
Change in YoY Net Profit Growth (%)	0.00%	408.72%	-420.61%	67.90%	-278.40%

Ideaforge Technology Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2020-2021 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: August 23, 2026, 2:20 am

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.09	0.09	0.09	21	43	43	43
Reserves	68	60	163	303	618	566	556
Borrowings	7	51	16	101	14	16	84
Other Liabilities	5	13	43	63	67	47	116
Total Liabilities	80	124	222	488	743	672	799
Fixed Assets	5	13	26	49	67	97	138
CWIP	17	14	19	25	54	100	110
Investments	12	0	11	125	88	120	105
Other Assets	46	97	166	289	533	355	446
Total Assets	80	124	222	488	743	672	799

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-16	-31	67	-53	76	-77	-63
Cash from Investing Activity +	5	-7	-31	-149	-102	-68	16
Cash from Financing Activity +	1	43	-11	176	189	-8	61
Net Cash Flow	-11	5	25	-26	164	-152	14
Free Cash Flow	-26	-40	53	-86	9	-164	-152
CFO/OP	130%	291%	99%	-97%	171%	144%	-1,101%

Free Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-19.00	-62.00	59.00	-53.00	43.00	-68.00

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	Mar 2025
Debtor Days	264	250	46	113	52	127
Inventory Days	532	451	433	639	222	312
Days Payable	40	91	66	85	36	29
Cash Conversion Cycle	756	609	413	667	237	410
Working Capital Days	723	452	116	203	203	403
ROCE %		-14%	48%	15%	11%	-10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Jul 2026
Promoters	29.34%	29.33%	29.33%	29.23%	29.23%	29.17%	29.10%	28.97%	28.97%	29.04%	28.96%	25.26%
FIIs	3.46%	2.75%	2.92%	3.50%	1.36%	1.56%	0.60%	0.25%	0.20%	0.73%	4.89%	8.27%
DIIs	6.39%	3.76%	3.40%	2.34%	2.48%	1.52%	1.51%	1.49%	1.49%	1.50%	2.69%	10.98%
Public	60.80%	64.15%	64.32%	64.92%	66.93%	67.74%	68.81%	69.31%	69.36%	68.75%	63.46%	55.49%
No. of Shareholders	1,04,732	1,44,920	1,74,253	1,79,920	1,78,211	1,74,302	1,92,754	1,89,030	1,84,735	1,83,339	1,65,675	1,64,872

Shareholding Pattern Chart

No. of Shareholders

Ideaforge Technology Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Axis Innovation Fund	122,077	0.63	7.44	122,077	2025-04-22 17:25:11	0%

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-14.41	10.96	8.55	13.84	-5.03
Diluted EPS (Rs.)	-14.41	10.77	8.12	13.13	-5.03
Cash EPS (Rs.)	-7.65	15.49	20.55	5762.92	-1241.01
Book Value[Excl.RevalReserv]/Share (Rs.)	141.29	154.04	152.16	12404.27	6708.99
Book Value[Incl.RevalReserv]/Share (Rs.)	141.29	154.04	152.16	12404.27	6708.99
Revenue From Operations / Share (Rs.)	37.42	73.22	87.17	17914.49	3900.90
PBDIT / Share (Rs.)	-7.32	20.03	26.94	8441.68	-1039.44
PBIT / Share (Rs.)	-14.13	15.09	21.39	7623.26	-1441.80
PBT / Share (Rs.)	-14.48	14.24	19.12	5637.86	-1629.66
Net Profit / Share (Rs.)	-14.46	10.56	14.99	4944.49	-1643.37
NP After MI And SOA / Share (Rs.)	-14.46	10.56	14.99	4944.49	-1643.37
PBDIT Margin (%)	-19.55	27.35	30.90	47.12	-26.64
PBIT Margin (%)	-37.75	20.61	24.53	42.55	-36.96
PBT Margin (%)	-38.70	19.44	21.93	31.47	-41.77
Net Profit Margin (%)	-38.63	14.41	17.19	27.60	-42.12
NP After MI And SOA Margin (%)	-38.63	14.41	17.19	27.60	-42.12
Return on Networth / Equity (%)	-10.23	6.85	9.85	39.86	-24.49
Return on Capital Employeed (%)	-9.76	9.60	13.48	38.73	-12.90
Return On Assets (%)	-9.27	6.09	6.55	19.79	-11.81
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.00	0.63
Total Debt / Equity (X)	0.00	0.00	0.26	0.05	0.84
Asset Turnover Ratio (%)	0.22	0.51	0.00	0.96	0.00
Current Ratio (X)	8.63	8.80	2.57	3.04	3.35
Quick Ratio (X)	6.67	7.36	1.87	2.01	2.39
Inventory Turnover Ratio (X)	1.67	1.45	0.00	1.42	0.00
Interest Coverage Ratio (X)	-20.61	23.51	11.89	4.25	-5.53
Interest Coverage Ratio (Post Tax) (X)	-39.70	13.39	7.62	3.49	-7.75
Enterprise Value (Cr.)	1395.10	2675.24	0.00	0.00	0.00
EV / Net Operating Revenue (X)	8.65	8.52	0.00	0.00	0.00
EV / EBITDA (X)	-44.25	31.15	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	9.25	9.39	0.00	0.00	0.00
Price / BV (X)	2.45	4.46	0.00	0.00	0.00
Price / Net Operating Revenue (X)	9.25	9.39	0.00	0.00	0.00
EarningsYield	-0.04	0.01	0.00	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Ideaforge Technology Ltd and is it undervalued?

As of 05 September 2026, Ideaforge Technology Ltd's intrinsic value is ₹673.88, which is 14.16% lower than the current market price of ₹785.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.34 %), book value (₹138), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ideaforge Technology Ltd?

Ideaforge Technology Ltd is trading at ₹785.00 as of 05 September 2026, with a FY2026-2027 high of ₹997 and low of ₹366. The stock is currently in the middle of its 52-week range. Market cap stands at ₹3,903 Cr..

How does Ideaforge Technology Ltd's P/E ratio compare to its industry?

Ideaforge Technology Ltd has a P/E ratio of 993, which is above the industry average of 369.23. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Ideaforge Technology Ltd financially healthy?

Key indicators for Ideaforge Technology Ltd: ROCE of 2.81 % is on the lower side compared to the industry average of 12.54%; ROE of 3.34 % is below ideal levels (industry average: 10.41%). Dividend yield is 0.00 %.

Is Ideaforge Technology Ltd profitable and how is the profit trend?

Ideaforge Technology Ltd reported a net profit of ₹-62 Cr in Mar 2025 on revenue of ₹161 Cr. Compared to ₹44 Cr in Mar 2022, the net profit shows a declining trend.

Does Ideaforge Technology Ltd pay dividends?

Ideaforge Technology Ltd has a dividend yield of 0.00 % at the current price of ₹785.00. The company is currently not paying meaningful dividends.