Ideaforge Technology Ltd.
•₹ 812.50.73%
2026-08-21
PROS
- Company has delivered good sales growth of 45.5% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.89x)
- Working capital cycle has improved - days down from 832 to 482
- Institutional investors have been accumulating - FII+DII up 5.5pp
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on capital employed of 0.1%
- Company has a low return on equity of -1.1% over last 3 years
- Interest coverage is weak at -3.2x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | HAL | 5010.00 | 35.94 | 335056.28 | 0.90 | 1589.66 | 14.88 | 5515.17 | 14.45 | 31.99 | 27.89 |
| 2. | BEL | 408.70 | 48.61 | 298750.66 | 0.61 | 1054.53 | 8.82 | 5546.98 | 24.94 | 36.68 | 25.22 |
| 3. | BDL | 1349.00 | 0.00 | 49449.28 | 0.36 | 118.79 | 547.36 | 572.24 | 147.63 | 19.75 | 14.52 |
| 4. | DATAPATTNS | 4775.20 | 3475.81 | 26733.46 | 0.21 | 220.60 | 765.10 | 1160.30 | 1068.13 | 23.18 | 27.04 |
| 5. | AEQUS | 262.40 | 0.00 | 17598.27 | 0.00 | -532.28 | -6067.26 | 3955.45 | 1486.69 | 1.50 | 4.47 |
| 6. | ZENTEC | 1932.40 | 96.85 | 17448.21 | 0.05 | 31.85 | -39.99 | 141.64 | -10.48 | 16.83 | 27.13 |
| 7. | ASTRAMICRO | 1702.95 | 85.53 | 16168.66 | 0.14 | 12.35 | -24.12 | 176.66 | -11.55 | 19.18 | 20.40 |
| 8. | APOLLO | 385.85 | 118.18 | 14338.17 | 0.06 | 25.22 | 42.58 | 251.29 | 88.12 | 14.05 | 21.38 |
| 9. | SIGMAADV | 691.05 | 86.42 | 13125.04 | 0.00 | 354.12 | 159.95 | 3742.77 | — | 9.66 | 15.54 |
| 10. | PARAS | 1496.10 | 127.65 | 12056.67 | 0.07 | 20.74 | 45.34 | 127.91 | 37.26 | 18.68 | 24.95 |
| 11. | UNIMECH | 1498.40 | 105.90 | 7627.16 | 0.00 | 27.86 | 45.70 | 107.62 | 70.85 | 12.10 | 36.35 |
| 12. | IDEAFORGE | 825.40 | 1043.47 | 4102.94 | 0.00 | -2.59 | 89.01 | 68.59 | 436.68 | -2.38 | 3.40 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 97 | 24 | 91 | 102 | 86 | 37 | 18 | 20 | 13 | 41 | 32 | 141 | 69 | |
| 69 | 32 | 71 | 87 | 84 | 53 | 35 | 42 | 32 | 52 | 58 | 79 | 83 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 4 | 15 | 7 | 5 | 6 | 6 | 5 | 4 | 4 | 3 | 3 | 12 | 2 |
| Interest | 2 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Depreciation | 5 | 5 | 6 | 6 | 7 | 7 | 7 | 8 | 10 | 11 | 11 | 12 | 14 |
| 25 | 1 | 20 | 14 | 2 | -18 | -20 | -26 | -25 | -19 | -36 | 61 | -12 | |
| Tax % | 24.73% | 33.08% | 26.55% | 26.94% | 25.48% | 23.72% | -18.44% | -0.08% | 6.88% | -0.82% | 5.79% | 1.23% | 78.36% |
| Net Profit | 0 | 0 | 0 | 0 | 1 | -14 | -24 | -26 | -24 | -20 | -34 | 60 | -3 |
| 5 | 0 | 3 | 2 | 0 | -3 | -6 | -6 | -5 | -4 | -8 | 14 | -0 | |
| Equity Capital | 38 | 42 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 38 | 42 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 97
- 69
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 2
- Depreciation
- 5
- 25
- Tax %
- 24.73%
- Net Profit
- 0
- 5
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 24
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 1
- Depreciation
- 5
- 1
- Tax %
- 33.08%
- Net Profit
- 0
- 0
- Equity Capital
- 42
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 42
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 91
- 71
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 6
- 20
- Tax %
- 26.55%
- Net Profit
- 0
- 3
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 102
- 87
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 6
- 14
- Tax %
- 26.94%
- Net Profit
- 0
- 2
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 86
- 84
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 0
- Depreciation
- 7
- 2
- Tax %
- 25.48%
- Net Profit
- 1
- 0
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 37
- 53
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1
- Depreciation
- 7
- -18
- Tax %
- 23.72%
- Net Profit
- -14
- -3
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 18
- 35
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 7
- -20
- Tax %
- -18.44%
- Net Profit
- -24
- -6
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 20
- 42
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 8
- -26
- Tax %
- -0.08%
- Net Profit
- -26
- -6
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 13
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 10
- -25
- Tax %
- 6.88%
- Net Profit
- -24
- -5
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 41
- 52
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 11
- -19
- Tax %
- -0.82%
- Net Profit
- -20
- -4
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 32
- 58
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 11
- -36
- Tax %
- 5.79%
- Net Profit
- -34
- -8
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 141
- 79
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 2
- Depreciation
- 12
- 61
- Tax %
- 1.23%
- Net Profit
- 60
- 14
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 69
- 83
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 14
- -12
- Tax %
- 78.36%
- Net Profit
- -3
- -0
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 43
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 14 | 35 | 159 | 186 | 314 | 161 | 226 | 282 | |
| 26 | 45 | 85 | 138 | 257 | 213 | 221 | 272 | |
| Operating Profit | -10 | -9 | 77 | 58 | 87 | -31 | 28 | — |
| OPM % | -72 | -26 | 48 | 31 | 28 | -19 | 12 | — |
| Other Income | 2 | 2 | 2 | 10 | 30 | 21 | 22 | 20 |
| Interest | 1 | 2 | 19 | 6 | 5 | 2 | 5 | 6 |
| Depreciation | 3 | 4 | 7 | 12 | 21 | 29 | 43 | 48 |
| -13 | -15 | 50 | 41 | 61 | -62 | -20 | -7 | |
| Tax % | -0 | -1 | 12 | 22 | 26 | 0 | 15 | 160 |
| Net Profit | -13 | -15 | 44 | 32 | 45 | -62 | -17 | 4 |
| EPS | -5 | -5 | 14 | 8 | 11 | -14 | -4 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -7 | -7 | 22 | 15 | 11 | -14 | -4 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -7 | -7 | 22 | 15 | 11 | -14 | -4 | — |
Mar 2020
- 14
- 26
- Operating Profit
- -10
- OPM %
- -72
- Other Income
- 2
- Interest
- 1
- Depreciation
- 3
- -13
- Tax %
- -0
- Net Profit
- -13
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
Mar 2021
- 35
- 45
- Operating Profit
- -9
- OPM %
- -26
- Other Income
- 2
- Interest
- 2
- Depreciation
- 4
- -15
- Tax %
- -1
- Net Profit
- -15
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
Mar 2022
- 159
- 85
- Operating Profit
- 77
- OPM %
- 48
- Other Income
- 2
- Interest
- 19
- Depreciation
- 7
- 50
- Tax %
- 12
- Net Profit
- 44
- EPS
- 14
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
Mar 2023
- 186
- 138
- Operating Profit
- 58
- OPM %
- 31
- Other Income
- 10
- Interest
- 6
- Depreciation
- 12
- 41
- Tax %
- 22
- Net Profit
- 32
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2024
- 314
- 257
- Operating Profit
- 87
- OPM %
- 28
- Other Income
- 30
- Interest
- 5
- Depreciation
- 21
- 61
- Tax %
- 26
- Net Profit
- 45
- EPS
- 11
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2025
- 161
- 213
- Operating Profit
- -31
- OPM %
- -19
- Other Income
- 21
- Interest
- 2
- Depreciation
- 29
- -62
- Tax %
- 0
- Net Profit
- -62
- EPS
- -14
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -14
Mar 2026
- 226
- 221
- Operating Profit
- 28
- OPM %
- 12
- Other Income
- 22
- Interest
- 5
- Depreciation
- 43
- -20
- Tax %
- 15
- Net Profit
- -17
- EPS
- -4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -4
TTM
- 282
- 272
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 6
- Depreciation
- 48
- -7
- Tax %
- 160
- Net Profit
- 4
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 45%
- 3 Years:
- 7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- -7%
- 1 Year:
- 74%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 11%
- 3 Years:
- -1%
- Last Year:
- -3%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - |
| Equity Capital | 0 | 0 | 0 | 21 | 43 | 43 | 43 |
| 65 | 51 | 149 | 273 | 608 | 549 | 538 | |
| 5 | 13 | 6 | 87 | 0 | 0 | 72 | |
| Trade Payables | 1 | 5 | 7 | 14 | 16 | 9 | 41 |
| 8 | 55 | 60 | 88 | 66 | 70 | 101 | |
| Total Liabilities | 80 | 124 | 222 | 483 | 733 | 671 | 796 |
| ASSETS | - | - | - | - | - | - | - |
| 5 | 13 | 26 | 49 | 67 | 97 | 138 | |
| Capital Work in Progress | 0 | 0 | 0 | 3 | 7 | 4 | 0 |
| 12 | 0 | 11 | 125 | 88 | 120 | 105 | |
| 11 | 23 | 49 | 105 | 98 | 94 | 143 | |
| 0 | 0 | 0 | 0 | 44 | 56 | 126 | |
| Cash & Bank | 0 | 14 | 35 | 6 | 274 | 97 | 39 |
| 52 | 73 | 101 | 194 | 155 | 203 | 244 | |
| Total Assets | 80 | 124 | 222 | 483 | 733 | 671 | 796 |
| Total Debt | 5 | 51 | 6 | 87 | 0 | 0 | 72 |
| Net Working Capital | 40 | 57 | 96 | 234 | 534 | 368 | 299 |
| Contingent Liabilities | 4 | 7 | 7 | 7 | 7 | 4 | 0 |
| Book Value per Share | 7318.76 | 5742.58 | 16710.45 | 137.91 | 151.81 | 137.47 | 134.43 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 5 | 51 | 6 | 87 | 0 | 0 | 72 |
| Net Working Capital | 40 | 57 | 96 | 234 | 534 | 368 | 299 |
| Contingent Liabilities | 4 | 7 | 7 | 7 | 7 | 4 | 0 |
| Book Value per Share | 7318.76 | 5742.58 | 16710.45 | 137.91 | 151.81 | 137.47 | 134.43 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2020
- Equity Capital
- 0
- 65
- 5
- Trade Payables
- 1
- 8
- Total Liabilities
- 80
- 5
- Capital Work in Progress
- 0
- 12
- 11
- 0
- Cash & Bank
- 0
- 52
- Total Assets
- 80
- Total Debt
- 5
- Net Working Capital
- 40
- Contingent Liabilities
- 4
- Book Value per Share
- 7318.76
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 40
- Contingent Liabilities
- 4
- Book Value per Share
- 7318.76
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 0
- 51
- 13
- Trade Payables
- 5
- 55
- Total Liabilities
- 124
- 13
- Capital Work in Progress
- 0
- 0
- 23
- 0
- Cash & Bank
- 14
- 73
- Total Assets
- 124
- Total Debt
- 51
- Net Working Capital
- 57
- Contingent Liabilities
- 7
- Book Value per Share
- 5742.58
- Face Value
- 10.00
- Total Debt
- 51
- Net Working Capital
- 57
- Contingent Liabilities
- 7
- Book Value per Share
- 5742.58
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 0
- 149
- 6
- Trade Payables
- 7
- 60
- Total Liabilities
- 222
- 26
- Capital Work in Progress
- 0
- 11
- 49
- 0
- Cash & Bank
- 35
- 101
- Total Assets
- 222
- Total Debt
- 6
- Net Working Capital
- 96
- Contingent Liabilities
- 7
- Book Value per Share
- 16710.45
- Face Value
- 10.00
- Total Debt
- 6
- Net Working Capital
- 96
- Contingent Liabilities
- 7
- Book Value per Share
- 16710.45
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 21
- 273
- 87
- Trade Payables
- 14
- 88
- Total Liabilities
- 483
- 49
- Capital Work in Progress
- 3
- 125
- 105
- 0
- Cash & Bank
- 6
- 194
- Total Assets
- 483
- Total Debt
- 87
- Net Working Capital
- 234
- Contingent Liabilities
- 7
- Book Value per Share
- 137.91
- Face Value
- 10.00
- Total Debt
- 87
- Net Working Capital
- 234
- Contingent Liabilities
- 7
- Book Value per Share
- 137.91
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 43
- 608
- 0
- Trade Payables
- 16
- 66
- Total Liabilities
- 733
- 67
- Capital Work in Progress
- 7
- 88
- 98
- 44
- Cash & Bank
- 274
- 155
- Total Assets
- 733
- Total Debt
- 0
- Net Working Capital
- 534
- Contingent Liabilities
- 7
- Book Value per Share
- 151.81
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 534
- Contingent Liabilities
- 7
- Book Value per Share
- 151.81
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 43
- 549
- 0
- Trade Payables
- 9
- 70
- Total Liabilities
- 671
- 97
- Capital Work in Progress
- 4
- 120
- 94
- 56
- Cash & Bank
- 97
- 203
- Total Assets
- 671
- Total Debt
- 0
- Net Working Capital
- 368
- Contingent Liabilities
- 4
- Book Value per Share
- 137.47
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 368
- Contingent Liabilities
- 4
- Book Value per Share
- 137.47
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 43
- 538
- 72
- Trade Payables
- 41
- 101
- Total Liabilities
- 796
- 138
- Capital Work in Progress
- 0
- 105
- 143
- 126
- Cash & Bank
- 39
- 244
- Total Assets
- 796
- Total Debt
- 72
- Net Working Capital
- 299
- Contingent Liabilities
- 0
- Book Value per Share
- 134.43
- Face Value
- 10.00
- Total Debt
- 72
- Net Working Capital
- 299
- Contingent Liabilities
- 0
- Book Value per Share
- 134.43
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -16 | -31 | 67 | -53 | 76 | -77 | -63 | |
| Cash from Investing | 5 | -7 | -31 | -149 | -102 | -68 | 15 |
| Cash from Financing | 1 | 43 | -11 | 176 | 189 | -8 | 61 |
| -11 | 5 | 25 | -26 | 164 | -152 | 13 | |
| Free Cash Flow | -16 | -43 | 51 | -92 | 32 | -136 | -147 |
| OCF / Net Profit | 1.22 | 2.11 | 1.51 | -1.66 | 1.68 | 1.23 | 3.72 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -188 | -292 |
| OCF / Net Profit | 1.22 | 2.11 | 1.51 | -1.66 | 1.68 | 1.23 | 3.72 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -188 | -292 |
Mar 2020
- -16
- Cash from Investing
- 5
- Cash from Financing
- 1
- -11
- Free Cash Flow
- -16
- OCF / Net Profit
- 1.22
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.22
- Cumulative 5-Year FCF
- 0
Mar 2021
- -31
- Cash from Investing
- -7
- Cash from Financing
- 43
- 5
- Free Cash Flow
- -43
- OCF / Net Profit
- 2.11
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.11
- Cumulative 5-Year FCF
- 0
Mar 2022
- 67
- Cash from Investing
- -31
- Cash from Financing
- -11
- 25
- Free Cash Flow
- 51
- OCF / Net Profit
- 1.51
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.51
- Cumulative 5-Year FCF
- 0
Mar 2023
- -53
- Cash from Investing
- -149
- Cash from Financing
- 176
- -26
- Free Cash Flow
- -92
- OCF / Net Profit
- -1.66
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.66
- Cumulative 5-Year FCF
- 0
Mar 2024
- 76
- Cash from Investing
- -102
- Cash from Financing
- 189
- 164
- Free Cash Flow
- 32
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- 0
Mar 2025
- -77
- Cash from Investing
- -68
- Cash from Financing
- -8
- -152
- Free Cash Flow
- -136
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- -188
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- -188
Mar 2026
- -63
- Cash from Investing
- 15
- Cash from Financing
- 61
- 13
- Free Cash Flow
- -147
- OCF / Net Profit
- 3.72
- Cumulative 5-Year FCF
- -292
- OCF / Net Profit
- 3.72
- Cumulative 5-Year FCF
- -292
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - |
| EPS (₹) | -1510.79 | -1643.37 | 4944.49 | 14.99 | 10.56 | -14.46 | -3.94 |
| Book Value (₹) | 7318.76 | 5742.58 | 16710.45 | 137.91 | 151.81 | 137.47 | 134.43 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -5.30 | -5.49 | 25.50 | 20.55 | 15.49 | -7.65 | 6.02 |
| PROFITABILITY | - | - | - | - | - | - | - |
| Operating Margin % | -71.83% | -25.91% | 48.02% | 31.43% | 18.00% | -32.25% | 2.45% |
| Net Margin % | -96.05% | -42.13% | 27.60% | 17.20% | 14.42% | -38.63% | -7.53% |
| ROE % | -20.64% | -25.16% | 44.04% | 14.44% | 9.58% | -10.02% | -2.90% |
| ROCE % | -17.48% | -13.69% | 49.61% | 16.06% | 12.27% | -9.46% | -2.38% |
| -16.90% | -14.40% | 25.46% | 9.08% | 7.45% | -8.87% | -2.32% | |
| EFFICIENCY | - | - | - | - | - | - | - |
| Debtor Days | 264 | 178 | 50 | 77 | 59 | 114 | 147 |
| Inventory Days | 283 | 180 | 83 | 151 | 118 | 218 | 192 |
| Payable Days | 46 | 56 | 54 | 67 | 35 | 42 | 95 |
| 501 | 303 | 79 | 161 | 143 | 290 | 243 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.08x | 0.99x | 0.04x | 0.29x | 0.00x | 0.00x | 0.12x |
| Interest Coverage (x) | -21.29x | -6.52x | 3.63x | 8.02x | 13.98x | -25.77x | -3.24x |
| 5.10x | 3.35x | 3.01x | 2.57x | 8.80x | 8.23x | 2.60x | |
| GROWTH | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 148.00% | 359.24% | 16.66% | 68.81% | -48.66% | 40.26% |
| Operating Profit Growth % | 0.00% | 10.56% | 951.23% | -23.64% | 48.72% | -135.34% | 190.60% |
| Net Profit Growth % | 0.00% | -8.78% | 400.88% | -27.31% | 41.52% | -237.58% | 72.66% |
| 0.00% | 0.00% | 0.00% | 0.00% | -29.59% | -236.95% | 72.78% | |
| VALUATION | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 65.14x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 4.53x | 2.52x | 2.77x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 30.77x | -45.40x | 59.01x |
Mar 2020
- EPS (₹)
- -1510.79
- Book Value (₹)
- 7318.76
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -5.30
- Operating Margin %
- -71.83%
- Net Margin %
- -96.05%
- ROE %
- -20.64%
- ROCE %
- -17.48%
- -16.90%
- Debtor Days
- 264
- Inventory Days
- 283
- Payable Days
- 46
- 501
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- -21.29x
- 5.10x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -1643.37
- Book Value (₹)
- 5742.58
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -5.49
- Operating Margin %
- -25.91%
- Net Margin %
- -42.13%
- ROE %
- -25.16%
- ROCE %
- -13.69%
- -14.40%
- Debtor Days
- 178
- Inventory Days
- 180
- Payable Days
- 56
- 303
- Debt to Equity (x)
- 0.99x
- Interest Coverage (x)
- -6.52x
- 3.35x
- Revenue Growth %
- 148.00%
- Operating Profit Growth %
- 10.56%
- Net Profit Growth %
- -8.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 4944.49
- Book Value (₹)
- 16710.45
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 25.50
- Operating Margin %
- 48.02%
- Net Margin %
- 27.60%
- ROE %
- 44.04%
- ROCE %
- 49.61%
- 25.46%
- Debtor Days
- 50
- Inventory Days
- 83
- Payable Days
- 54
- 79
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 3.63x
- 3.01x
- Revenue Growth %
- 359.24%
- Operating Profit Growth %
- 951.23%
- Net Profit Growth %
- 400.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 14.99
- Book Value (₹)
- 137.91
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 20.55
- Operating Margin %
- 31.43%
- Net Margin %
- 17.20%
- ROE %
- 14.44%
- ROCE %
- 16.06%
- 9.08%
- Debtor Days
- 77
- Inventory Days
- 151
- Payable Days
- 67
- 161
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 8.02x
- 2.57x
- Revenue Growth %
- 16.66%
- Operating Profit Growth %
- -23.64%
- Net Profit Growth %
- -27.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 10.56
- Book Value (₹)
- 151.81
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 15.49
- Operating Margin %
- 18.00%
- Net Margin %
- 14.42%
- ROE %
- 9.58%
- ROCE %
- 12.27%
- 7.45%
- Debtor Days
- 59
- Inventory Days
- 118
- Payable Days
- 35
- 143
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 13.98x
- 8.80x
- Revenue Growth %
- 68.81%
- Operating Profit Growth %
- 48.72%
- Net Profit Growth %
- 41.52%
- -29.59%
- P/E (x)
- 65.14x
- P/B (x)
- 4.53x
- Dividend Yield %
- 0.00%
- 30.77x
Mar 2025
- EPS (₹)
- -14.46
- Book Value (₹)
- 137.47
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -7.65
- Operating Margin %
- -32.25%
- Net Margin %
- -38.63%
- ROE %
- -10.02%
- ROCE %
- -9.46%
- -8.87%
- Debtor Days
- 114
- Inventory Days
- 218
- Payable Days
- 42
- 290
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- -25.77x
- 8.23x
- Revenue Growth %
- -48.66%
- Operating Profit Growth %
- -135.34%
- Net Profit Growth %
- -237.58%
- -236.95%
- P/E (x)
- 0.00x
- P/B (x)
- 2.52x
- Dividend Yield %
- 0.00%
- -45.40x
Mar 2026
- EPS (₹)
- -3.94
- Book Value (₹)
- 134.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.02
- Operating Margin %
- 2.45%
- Net Margin %
- -7.53%
- ROE %
- -2.90%
- ROCE %
- -2.38%
- -2.32%
- Debtor Days
- 147
- Inventory Days
- 192
- Payable Days
- 95
- 243
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- -3.24x
- 2.60x
- Revenue Growth %
- 40.26%
- Operating Profit Growth %
- 190.60%
- Net Profit Growth %
- 72.66%
- 72.78%
- P/E (x)
- 0.00x
- P/B (x)
- 2.77x
- Dividend Yield %
- 0.00%
- 59.01x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-18 - Ideaforge Technology Limited has informed the Exchange about Transcript
- Allotment of Securities
2026-08-14 - Ideaforge Technology Limited has informed the Exchange regarding allotment of 14135 securities pursuant to ESOP/ESPS at its meeting held on August 14, 2026
Annual Reports
Credit Ratings
- Credit Rating- New
2026-06-05 - Ideaforge Technology Limited has informed the Exchange about Credit Rating- New
- Credit Rating
2026-05-28 - Ideaforge Technology Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jun 2026
Apr 2026