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ideaForge Technology Limited (IDEAFORGE) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of ideaForge Technology Limited stock ₹802, price ₹714, upside +12.3%, quality 44 out of 100. Rating: undervalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

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Technology IN · ISIN INE349Y01013

IT ideaForge Technology Limited logo Thin data Nov 8, 2026

ideaForge Technology Limited

IDEAFORGE · NSE
Speculative

The stock costs 11% less than our calculation considers fair.

Fair value ₹801.99 · Undervalued
Low debt
Quality 44/100
Expensive Growth (revenue 5y +45.5 %/yr in INR)
Thin margins · 1.4% net margin (TTM)
Costs 91 times its yearly profit.
Negative free cash flow
Trails peers (3/9)
Narrow moat 15/100 · thin data
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

₹1,295 ₹324.40 Fair Value ₹801.99 Jul 2023 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

40‑month range ₹324.40 – ₹1,295 · fair‑value band ₹391.60 – ₹1,212 · the ₹714.15 price screens below the ₹801.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

ideaForge Technology Limited engages in the manufacture and marketing of unmanned aerial vehicle (UAV) systems for security and surveillance applications in India and internationally.

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The company provides BlueFire Touch, a ground control software for controlling and managing UAVs and autopilot subsystems; and BlueFire Live, a live streaming and payload control software, as well as autopilot and related software and artificial intelligence.

It also offers Unmanned Aerial Vehicles, such as NETRA V4PRO, Q4i, Q6, NETRA V4+, SWITCH, NETRA 5, SWITCH V2, UAV- ZOLT tactical class, and YETI, a long-range logistics UAV; surveillance payloads - daylight sensors, thermal sensors, day and night integrated sensors, photogrammetry payloads, megaphones, LiDAR, Hyperspectral payloads, Multispectral payloads, synthetic aperture radar payload, and delivery payloads; and battery systems, communication systems, ground control stations, packaging systems, and other products.

In addition, the company provides after-sales services, including training, product support, extended warranties, repairs and fleet maintenance, expert consulting, etc. ideaForge Technology Limited was incorporated in 2007 and is based in Navi Mumbai, India.

Stock analysis

ideaForge Technology Limited (IDEAFORGE) currently trades at ₹714.15, while our model-based Fair Value estimate is ₹801.99, implying the stock looks roughly 11% undervalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: ₹391.60 (bear) to ₹1,212 (bull), the price of ₹714.15 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 44/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

ideaForge Technology Limited reported revenue of ₹2.3B in FY2026 versus ₹1.6B in FY2022, a compound +9.1%/yr. Reported net income was −₹170M in FY2026.

Key figures

Market cap ₹36.4B (≈ $388M) Small · P/E ratio 91.0 · P/S ratio 12.3 · EPS (TTM) ₹7.85 · Net margin −7.5% · Return on equity −2.8% · Return on assets (EBIT) 6.5% (5-year average) · Operating margin −17.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (low confidence).

What moves the price

The share trades about 26% below its 52-week high and 92% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at 12%, IDEAFORGE screens cheaper than that median.

Fair Value models

Bear ₹391.60 Fair Value ₹801.99 Bull ₹1,212
Price ₹714.15 · Upside +12.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹4.86 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EV/EBITDA ₹391.60 ₹801.99 ₹1,212 64
NCAV (Graham) ₹3,535 ₹5,356 ₹6,695 54
All 2 models by family
Multiples
EV/EBITDA ₹391.60 ₹801.99 ₹1,212 64
Asset-Based
NCAV (Graham) ₹3,535 ₹5,356 ₹6,695 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 44/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 7
How much profit the company makes from its sales and capital
Quality Growth 74
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 78
Debt, balance sheet and risk of trouble
Investment 4
Does it invest with discipline instead of growing at any price?
Low Volatility 2
How calm the share price moves, does not count
Price momentum 47
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 76
Distance to the 52-week high, does not count
New shares 69
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+40.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+45.5%
Start year 2021 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+43.3%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−40.3% (2021) → −16.9% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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Compare ideaForge Technology Limited with another stock

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Computer Hardware · 230 stocks

Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 44 · Below median
Fair Value upside +12.3% · Above median
Profitability
Return on assets −2.1% · Below median
Net margin (12 months) 1.4% · Below median
Operating margin (12 months) −17.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 436.7% · Top 25%

Valuation Multiplesvs Computer Hardware median · lower = cheaper

P/E (12 months) 91.0× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)50 · sector 10
FUTURE (revenue growth)100 · sector 86
PAST (return on equity)0 · sector 28
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)0 · sector 46

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
HP Inc HPQ $28.96 $52.85 +82% vs IDEAFORGE
Lenovo Group 0992 HK$19.57 HK$33.71 +72% vs IDEAFORGE
Hangzhou Hikvision Digital Technology Co 002415 ¥34.25 ¥46.76 +37% vs IDEAFORGE
Arista Networks, Inc ANET $196.68 $160.68 −18% vs IDEAFORGE
Sandisk Corporation SNDK $977.69 $789.73 −19% vs IDEAFORGE
Western Digital Corporation WDC $313.31 $175.91 −44% vs IDEAFORGE
Everpure, Inc P $106.50 $57.04 −46% vs IDEAFORGE
Dell Technologies Inc DELL $373.68 $195.72 −48% vs IDEAFORGE
Wiwynn Corporation 6669 1,680 TWD 829.37 TWD −51% vs IDEAFORGE
Seagate Technology Holdings STX $551.72 $208.25 −62% vs IDEAFORGE

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ideaForge Technology Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "ideaForge Technology Limited Fair Value". https://www.fairvalue-calculator.com/stock/IDEAFORGE

Frequently asked questions

Is ideaForge Technology Limited (IDEAFORGE) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ₹801.99 versus a price of ₹714.15, about +12% upside (undervalued).
What is the fair value of IDEAFORGE?
Our model-based fair value for ideaForge Technology Limited is ₹801.99 (as of Nov 8, 2026), built from audited fundamentals. The current price: ₹714.15.
What is the quality score of IDEAFORGE?
ideaForge Technology Limited has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ideaForge Technology Limited (IDEAFORGE)?
Our model-based price target is the fair value of ₹801.99 (as of Nov 8, 2026) from 2 valuation models. Cautious scenario ₹391.60, optimistic scenario ₹1,212. It is a calculation from audited fundamentals, not an analyst target.
What is the ideaForge Technology Limited stock forecast for 2026?
Our models put fair value at ₹801.99, about +12% upside versus a price of ₹714.15 (undervalued). Cautious scenario ₹391.60, optimistic scenario ₹1,212. The calculation is refreshed regularly with new filings.
What is the revenue of ideaForge Technology Limited (IDEAFORGE)?
ideaForge Technology Limited reported trailing-twelve-month revenue of about ₹2.8B (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of ideaForge Technology Limited (IDEAFORGE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ideaForge Technology Limited it is ₹801.99 per share (as of Nov 8, 2026), against a price of ₹714.15. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is ideaForge Technology Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, IDEAFORGE trades below its calculated fair value: price ₹714.15, fair value ₹801.99, a gap of about +12% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IDEAFORGE?
No. The price is what the market pays today (₹714.15); the fair value is what the company's own numbers justify (₹801.99). For ideaForge Technology Limited the two are ₹87.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is ideaForge Technology Limited worth?
The market values ideaForge Technology Limited at about ₹36.4B (market capitalisation, as of Nov 8, 2026). Per share that is ₹714.15; our models calculate a fair value of ₹801.99 per share.
What do the bullish and bearish scenarios say about IDEAFORGE?
Our models span a range for ideaForge Technology Limited: cautious scenario ₹391.60, base ₹801.99, optimistic ₹1,212 per share (as of Nov 8, 2026, price ₹714.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IDEAFORGE?
ideaForge Technology Limited trades at a price-to-earnings ratio of 91.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹801.99 is built from several models across several years.
How solid is the balance sheet of ideaForge Technology Limited (IDEAFORGE)?
Balance-sheet figures for ideaForge Technology Limited (as of Nov 8, 2026): return on equity −2.8%. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is IDEAFORGE from its 52-week high?
ideaForge Technology Limited trades at ₹714.15, about 26% below its 52-week high of ₹964.90 and 92% above the low of ₹371.75 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹801.99 is for.
Which stocks are comparable to ideaForge Technology Limited?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ideaForge Technology Limited stock attractive at the current price?
The data as of Nov 8, 2026: price ₹714.15, calculated fair value ₹801.99 (+12%), Quality Score 44/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IDEAFORGE calculated?
We run ideaForge Technology Limited through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of ₹801.99 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. ideaForge Technology Limited currently trades 11% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ideaForge Technology Limited (IDEAFORGE)?
The closing price on Nov 11, 2026 was ₹714.15. Our model-based fair value is ₹801.99, about +12% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ideaForge Technology Limited right now?
The model range is unusually wide (₹391.60 to ₹1,212). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of ideaForge Technology Limited

How large is the market capitalisation of ideaForge Technology Limited (IDEAFORGE)?
The market capitalisation of ideaForge Technology Limited is ₹36.4B (≈ $388M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ideaForge Technology Limited (IDEAFORGE)?
The price-to-sales ratio of ideaForge Technology Limited is 12.3 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ideaForge Technology Limited (IDEAFORGE)?
Earnings per share at ideaForge Technology Limited are ₹7.85 (price ÷ EPS = P/E 91.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ideaForge Technology Limited (IDEAFORGE)?
The net margin of ideaForge Technology Limited is −7.5% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ideaForge Technology Limited (IDEAFORGE)?
The return on equity (ROE) of ideaForge Technology Limited is −2.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ideaForge Technology Limited (IDEAFORGE)?
On an EBIT basis the return on assets of ideaForge Technology Limited is 6.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ideaForge Technology Limited (IDEAFORGE)?
The operating margin of ideaForge Technology Limited is −17.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ideaForge Technology Limited (IDEAFORGE)?
Revenue at ideaForge Technology Limited is growing +437% versus a year earlier (3y avg +6.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ideaForge Technology Limited (IDEAFORGE)?
Earnings per share at ideaForge Technology Limited are growing −94.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ideaForge Technology Limited (IDEAFORGE) generate?
The free cash flow of ideaForge Technology Limited is −₹1.5B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does ideaForge Technology Limited (IDEAFORGE) carry?
The net debt of ideaForge Technology Limited is ₹444M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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