Ideaforge Technology Limited (IDEAFORGE)

Price936.90 3.50 (0.37%)52 Week High1,320.00
ISININE349Y0101352 Week Low932.00
IndustryAerospace & DefenseVolume360.4 T
SectorElectronic TechnologyP/E Ratio TTM
Market Cap38.9 B1 Year Beta0.91
Technical Rating of

Ideaforge Technology Limited (IDEAFORGE) is an Indian technology company headquartered in Pune, India. It was founded in 2002 by Ankit Mehta, Ashish Bhat, and Rahul Singh.

IDEAFORGE is a leading provider of drone-based solutions in India. It offers a wide range of drone-based services, including:

  • Aerial photography: IDEAFORGE offers aerial photography services for a variety of applications, such as real estate, construction, and agriculture.
  • Surveying: IDEAFORGE offers surveying services for a variety of applications, such as land mapping, infrastructure inspection, and disaster management.
  • Inspection: IDEAFORGE offers inspection services for a variety of applications, such as industrial inspection, power line inspection, and wind turbine inspection.
  • Delivery: IDEAFORGE offers delivery services for a variety of applications, such as medical supplies delivery, food delivery, and parcel delivery.

IDEAFORGE is a well-established technology company with a strong track record. The company has a good reputation among its clients and is considered to be one of the leading drone-based solutions providers in India.

However, it is important to note that there are also some risks associated with investing in Ideaforge Technology Limited (IDEAFORGE). These risks include:

  • The cyclical nature of the drone industry: The drone industry is cyclical and can experience periods of growth and recession. This could impact IDEAFORGE’s profitability.
  • The competition in the drone sector: The drone sector is competitive and IDEAFORGE faces competition from a number of other drone-based solutions providers. This competition could impact IDEAFORGE’s profitability.
  • The regulatory environment for the drone sector: The regulatory environment for the drone sector is constantly changing. This could impact IDEAFORGE’s ability to operate its business.

Investors should carefully consider these risks before investing in Ideaforge Technology Limited (IDEAFORGE).

According to a recent report by Morgan Stanley, IDEAFORGE is expected to grow at a CAGR of 20% over the next five years. This growth is being driven by the increasing demand for drone-based solutions in India.

IDEAFORGE is well-positioned to capitalize on this growth as it has a strong track record, a good reputation among its clients, and a wide range of products and services. The company is also well-positioned to take advantage of the growth of the Indian drone-based solutions market.


Ideaforge Technology Limited (IDEAFORGE) Chart

Technical Analysis of Ideaforge Technology Limited (IDEAFORGE)

Moving Averages

MA 5960.82955.67
MA 10983.64972.49
MA 20991.53992.35
MA 30995.881,016.62
MA 501,057.041,061.90
MA 100
MA 200

Moving Average Rating

Technical Indicators

Aroon Up (14)28.57Aroon Down (14)92.86
MACD Level (12, 26)-29.52MACD Signal (12, 26)-28.29
Relative Strength Index (7)23.20Relative Strength Index (14)30.94
Stochastic %D (14 3 3)6.13Stochastic %K (14 3 3)2.68
Stochastic RSI Fast (3, 3, 14, 14)2.30Stochastic RSI Slow (3, 3, 14, 14)15.04
Bollinger Upper Band (20)1,041.82Bollinger Lower Band (20)941.23
Keltner Channels Upper Band (20)1,062.20Keltner Channels Lower Band (20)922.51
Donchian Channels Upper Band (20)1,052.00Donchian Channels Lower Band (20)932.00
Ichimoku Conversion Line (9, 26, 52, 26)988.50Ichimoku Base Line (9, 26, 52, 26)1,000.50
Ichimoku Leading Span A (9, 26, 52, 26)1,091.48Ichimoku Leading Span B (9, 26, 52, 26)
Positive Directional Indicator (14)14.83Negative Directional Indicator (14)23.10
Volume Weighted Average Price949.60Volume Weighted Moving Average 20986.57

Oscillator Rating


Awesome Oscillator-37.47
Ultimate Oscillator (7,14,28)19.21
Money Flow (14)50.85
Chaikin Money Flow (20)-0.54
Commodity Channel Index (20)-200.40
Bull Bear Power-45.85

High / Low

1 Month1,052.00932.00
3 Month1,320.00932.00
6 Month1,320.00932.00
52 Week1,320.00932.00
All Time1,343.95932.00


Volume360.4 T
Average 10 D167.5 T
Average 30 D173.9 T
Average 60 D
Average 90 D


Change3.50 (0.37%)
Change 1W-53.90 (-5.44%)
Change 1M-54.30 (-5.48%)
Volatility W4.15


3 Month-27.93
6 Month-27.93
5 Year-27.93
All Time-27.93


Average Day Range (14)31.71
Average Directional Index (14)28.21
Average True Range (14)36.29
Williams Percent Range (14)-95.92
Rate Of Change (9)-7.67
Hull Moving Average (9)933.87
Momentum (10)-90.30
Parabolic SAR1,036.00

PIVOT POINTS of Ideaforge Technology Limited (IDEAFORGE)

NameS3S2S1Pivot PointsR1R2R3
DeMark's - - 870.301,019.851,080.30 - -

Financial Analysis of Ideaforge Technology Limited (IDEAFORGE)

Income Statement

Basic EPS (FY)13.84
EBITDA (Quarterly QoQ Growth)-48.25
EPS Diluted (FY)6.74
EPS Diluted (MRQ)4.79
EPS Diluted (Quarterly QoQ Growth)-54.27
Free Cash Flow Margin (FY)30.16
Gross Profit (FY)840.7 M
Gross Profit (MRQ)338.3 M
Gross Profit (Quarterly QoQ Growth)-43.65
Last Year Revenue (FY)1.6 B
Revenue (Annual YoY Growth)359.21
Revenue (Quarterly QoQ Growth)-2.22
Net Income (FY)440.1 M
Net Income (Quarterly QoQ Growth)-54.27
Total Revenue (FY)1.6 B


Shares Float28.9 M
Price to Book (FY)20.97
Price to Sales (FY)38.38
Total Shares Outstanding41.7 M
Selling & Admin expenses Ratio (FY)8.51

Balance Sheet

Total Assets (Annual YoY Growth)79.67
Total Debt (Annual YoY Growth)-67.92
Total Liabilities (FY)590.3 M
Cash & Equivalents (FY)304.2 M
Cash and short term investments (FY)501 M

Operating Metrics



Net Margin (FY)27.60
Gross Margin (FY)52.73
Operating Margin (FY)42.19

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