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Employees: 836
Size Ideaforge Technology (IDEAFORGE.NS) is an India Industrials company (Aerospace & Defense) with a market value of $353M, the 987th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹669.85 on 6 Nov 2026.
Performance Over six months the shares fell 15.4%, against -26.1% for the median peer and 0.0% for the India market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 221.1% over the last twelve months (peer median +4.9%); the operating margin is -7.5% (peer median 6.0%).
Valuation It trades at 101.5× forward earnings against a peer median of 20.5× (most expensive of 10).
Capital Return on invested capital runs 22.3 points below its cost of capital (19.6% WACC).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹2.82B | ₹2.26B | ₹1.61B | ₹3.01B | ₹1.86B |
| Revenue growth | — | +40% | -47% | +62% | — |
| Gross profit | ₹483M | ₹232M | -₹349M | ₹608M | ₹644M |
| EBITDA | ₹262M | ₹61.0M | -₹508M | ₹445M | ₹482M |
| Net income | ₹39.3M | -₹170M | -₹623M | ₹453M | ₹320M |
| Free cash flow | n/a | -₹1.50B | -₹1.53B | ₹183M | -₹882M |
| Capital expenditure | n/a | ₹884M | ₹877M | ₹670M | ₹341M |
| Total debt | n/a | ₹837M | ₹165M | ₹145M | ₹1.01B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IDEAFORGE.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.3% | -13.3% | 5th highest of 21 |
| 6-month return | -15.4% | -26.1% | 7th highest of 20 |
| Distance from 52-week high | -32.5% | -46.6% | 4th highest of 21 |
| Revenue growth (TTM) | +221.1% | +4.9% | 2nd highest of 21 |
| Operating margin | -7.5% | 6.0% | 8th lowest of 20 |
| Forward P/E | 101.5× | 20.5× | most expensive of 10 |
| ROIC minus cost of capital | -22.3 pp | -4.4 pp | 6th lowest of 20 |
| Net debt / EBITDA | -1.5× | 1.6× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ideaforge Technology IDEAFORGE.NS | India | $353M | -15% | +221% | -8% | 101.5× | n/a | n/a |
| MS International MSI.L | United Kingdom | $350M | -8% | -2% | 13% | n/a | -7.8% | +13.3% |
| Innovative Solutions and Support IA | United States | $348M | n/a | +20% | 27% | 18.8× | 2.6% | +31.3% |
| Integrity Technology 688244.SS | China | $344M | -23% | -28% | -30% | 25.1× | n/a | n/a |
| Sichuan Tianwei Electronic 688511.SS | China | $342M | -20% | -56% | -49% | n/a | 10.9% | -8.8% |
| Beijing Hengyu Datacom Aviation Equipment 300965.SZ | China | $338M | -33% | -11% | -8% | n/a | 26.4% | -1.2% |
| New Power Plasma 144960.KS | South Korea | $326M | +62% | +22% | 8% | n/a | 3.6% | +39.7% |
| Chengdu Jouav Automation Tech 688070.SS | China | $399M | -34% | +5% | 2% | 17.6× | n/a | n/a |
| Beijing Andawell Science & Technology 300719.SZ | China | $400M | -32% | -3% | -4% | n/a | n/a | n/a |
| ispace,inc 9348.T | Japan | $311M | -28% | -56% | -681% | n/a | n/a | n/a |
| Chengdu Tianjian Technology 002977.SZ | China | $306M | -37% | -357% | n/a | n/a | n/a | n/a |
| Beijing Emerging Eastern Aviation Equipment 002933.SZ | China | $420M | -20% | -6% | 6% | n/a | n/a | n/a |
| Virgin Galactic SPCE | United States | $420M | -6% | -39% | -24,588% | n/a | n/a | n/a |
| Chenfull Precision 6829.TWO | Taiwan | $293M | -40% | +34% | 16% | 25.8× | n/a | n/a |
| Chengdu Lihang Technology 603261.SS | China | $458M | +19% | +35% | -52% | n/a | n/a | n/a |
| TAT Technologies TATT | United States | $481M | +2% | +14% | 11% | 20.6× | 16.8% | +18.8% |
| Tokyo Keiki 7721.T | Japan | $494M | -37% | +5% | 9% | 14.1× | n/a | n/a |
| Nippon Avionics 6946.T | Japan | $505M | -26% | +45% | 21% | 12.8× | n/a | n/a |
| Figeac Aero FGA.PA | France | $506M | -3% | +13% | 6% | 20.5× | 14.7% | +18.9% |
| Park Aerospace PKE | United States | $515M | -30% | +28% | 21% | 31.2× | 4.8% | +9.6% |
| Satellogic SATL | United States | $535M | -54% | +369% | -67% | n/a | n/a | n/a |