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Ideaforge Technology share price & results

Ideaforge Technology Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Designs, engineers and manufactures full-stack UAVs (drones) for defence, security and civil use in India.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue68.6 ₹ crore+436.7% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin3.4 %+152.7 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit-2.6 ₹ crore—Quarterly, as filedQuarter to Jun 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity0.65 %+6.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-66.81 %+35.7 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)221.12 %+89.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

6 of 8 judged targets kept · 5 open · verdicts reflect calls analysed to Q1 FY27.

Ideaforge Technology Limited management guidance track record on Inve: 13 targets tracked across analysed earnings calls (6 achieved, 2 missed, 5 open).

TargetOriginal wordingSaidLatest callVerdict
FY25 Revenue GrowthRevision overall (implied downward) from 'flattish and a slight growth versus FY '24'
Call transcript, Q3 FY25 · 29 Jan 2025		Q3 FY25Q1 FY27:Promise relates to FY25 guidance and is concluded. Not discussed in Q1 FY27.
Call transcript, Q1 FY27 · 11 Aug 2026		Revised Down
FY27 Gross Margin50% to 55%
Call transcript, Q4 FY26 · 4 May 2026		Q4 FY26Q1 FY27:Q1 FY27 Gross Margin came in at 49.0%, slightly below the lower end of the annual target range. However, management reiterated the guidance for the full year to be in the 50-55% range.
Call transcript, Q1 FY27 · 11 Aug 2026		At Risk
FY27 Opening Order Book ExecutionExecute the INR 310 crores opening order book within FY27, mostly in the first 3 quarters.
Call transcript, Q4 FY26 · 4 May 2026		Q4 FY26Q1 FY27:Company delivered over 20% of the opening order book in Q1. The remaining INR 256.8 crores is now planned for execution by Q3 FY27, confirming strong progress.
Call transcript, Q1 FY27 · 11 Aug 2026		On Track

Source: Inve Guidance Tracker for Ideaforge Technology Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Ideaforge Technology Limited's 13 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 10 more targets are in the full ledger.

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Price

₹716.1 +10.00% · +₹65.1

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +44.6% 1Y

₹0.4k₹0.6k₹0.8k₹1.0kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 23 Jan 2026Q4 FY26 — 4 May 2026Q1 FY27 — 11 Aug 2026

1Y: ₹495.25 on 24 Oct 2025 → ₹716.1. High ₹964.9 (9 Jun 2026), low ₹371.75 (30 Mar 2026).

Previous close
₹651
Market cap
₹3.2k Cr
52-week range
₹371.75 – ₹964.9
One year
+44.11%
Price to earnings (TTM to Jun 2026)
823.66×
Return on equity (TTM to Jun 2026)
0.65%

Overview

Symbol
NSE:IDEAFORGE
Industry
Industrials
Exchange
NSE
Currency
INR

What Ideaforge Technology Limited does

Based on the company's own presentations, annual report and earnings calls.

ideaForge designs, engineers and manufactures full-stack Uncrewed Aerial Systems (UAVs) — airframes, autopilot, sensors/payloads, and a companion cloud analytics platform (FLYGHT) — sold mainly to the Indian armed forces, paramilitary and police forces, government agencies, and civil enterprises for surveillance, mapping, disaster response and infrastructure inspection. Its portfolio spans Micro/Mini/Small/Tactical and MALE-class UAV platforms, including the NETRA, SWITCH, ZOLT, YETI and Q-series drones, and it also integrates payloads such as EO/IR, thermal, SAR, LiDAR and drop-delivery systems. The company is expanding into combat-drone capabilities such as loitering munitions and long-range attack systems through in-house development and partnerships, and has begun international sales via a wholly-owned US subsidiary.

Segments

  • Defence
  • Civil
Cumulative UAV flights completed
950,000+ (as of FY26)
Customer-operated flights in FY26
250,000+
UAV platform lineup
8+ named drone platforms across Micro/Mini/Small/Tactical/MALE classes, plus the FLYGHT cloud analytics platform
Patent portfolio
106+ patents granted and pending (55 granted, 51 pending as of 31 Mar 2026)
Manufacturing and development footprint
Manufacturing facility in Navi Mumbai plus dedicated development units in Mumbai (ZOLT) and Bengaluru (YETI)
Global market position
Ranked #3 globally in the dual-use drone category
Headquarters Navi Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q1 FY27
−5.0%
11 Aug
Q4 FY26
+20.0%
4 May
Q3 FY26
−6.6%
23 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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