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ideaForge Technology Limited (IDEAFORGE) Fair Value & Analysis

Technology · IN · Market cap ₹43.6B (≈ $462M) · ISIN INE349Y01013

What is ideaForge Technology Limited really worth?

IT ideaForge Technology Limited IDEAFORGE · BSE
Price₹777.55
Fair Value₹1,207
Upside+55.2%
Quality44/100

Below-average quality, trading 36% below our fair value of ₹1,207.

As of Aug 21, 2026, the fair value of ideaForge Technology Limited is ₹1,207 per share against a price of ₹777.55, so the fair value sits 55% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 3y +10.3 %/yr)
!Thin margins · 1.4% net margin
!Low debt · negative free cash flow
!Narrow moat 14/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range ₹701.76 – ₹1,712

Fair value as of: Aug 21, 2026

From 2 valuation models · updated 16 days ago

Share price −11.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (₹701.76 to ₹1,712) leaves room in how you read the outcome.

Price vs Fair Value (3 years)

₹1,296 ₹324.00 Fair Value ₹1,207 Jul 2023 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

38‑month range ₹324.00 – ₹1,296 · fair‑value band ₹701.76 – ₹1,712 · the ₹777.55 price screens below the ₹1,207 fair value. Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

ideaForge Technology Limited (IDEAFORGE) currently trades at ₹777.55, while our model-based Fair Value estimate is ₹1,207, implying the stock looks roughly 35.6% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Technology sector. How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the evidence level at low.

Over the trailing twelve months, ideaForge Technology Limited generated revenue of ₹2.8B at a net margin of 1.4%. It earns a return on equity of −2.8%. Net debt stands at ₹424M. Fundamentals as of Aug 21, 2026

Our scenario range runs from ₹701.76 (bear case) to ₹1,712 (bull case); at ₹777.55, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high and 111% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −53% fair-value upside, at 55%, IDEAFORGE screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹0.3790 per share, which is 0.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
EV/EBITDA best evidence ₹971.74 ₹1,207 ₹1,442 67
NCAV (Graham) ₹2,680 ₹3,591 ₹5,359 54
All 2 models by family
Multiples
EV/EBITDA best evidence ₹971.74 ₹1,207 ₹1,442 67
Asset-Based
NCAV (Graham) ₹2,680 ₹3,591 ₹5,359 54

Widest divergence: Asset-Based (₹3,591) versus Multiples (₹1,207). Highest evidence: EV/EBITDA (67).

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Key figures & financial health

P/S ratio 15.5 TTM
EPS (TTM) ₹0.8700
Net margin −7.5% FY2026
Return on equity −2.8% TTM
Return on assets (EBIT) 5.1% avg 5y
Operating margin −17.3% TTM
More key figures
Growth
Revenue (TTM) ₹2.8B TTM
Revenue growth (YoY) +437% 3y avg +10.3%
EPS growth (YoY) −94.2%
Balance sheet & cash flow
Free cash flow −₹1.5B FY2026
Net debt ₹424M FY2026

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 48 · Market factors (momentum, volatility) 56

Profitability 12
Margins and returns on capital today
Quality Growth 93
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 4
Disciplined investing over empire-building
Low Volatility 7
Calm price path (market factor)
Momentum 75
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 73
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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

Full company description

ideaForge Technology Limited engages in the design, development, manufacture, and marketing of unmanned aerial vehicle (UAV) systems for security and surveillance applications in India and internationally. The company provides BlueFire Live!, a live streaming drone video feed and payload control; and BlueFire Touch, a ground control software that builds to plan and command mapping missions. It also provides autopilot, a remote-control system for flight check related actions; BlueFire Map assist, a geotagging software solutions; Surveillance Pro, a image intelligence system; and GIS Pro, a mapping survey system. In addition, the company offers FLYGHT Cloud, an end-to-end data sharing solution. Further, it provides RYNO, Q6, Q4i, Netra V4 PRO, and V4+, and Switch products. ideaForge Technology Limited was incorporated in 2007 and is based in Navi Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹2.3B
Latest YoY
+40.3%
Avg. revenue growth/yr (3Y) 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.
+10.3%
EBIT 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.
42.2% (2022) → −16.5% (2026)
Value creation/yr 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
Revenue +9.1%/yr
FY22 ₹1.6B
FY23 ₹1.7B
FY24 ₹3.0B
FY25 ₹1.6B
FY26 ₹2.3B
Net income
FY22 ₹440M
FY23 ₹320M
FY24 ₹453M
FY25 −₹623M
FY26 −₹170M

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

Peer Group

Computer Hardware · 222 stocks

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.

Quality Score 48 · Below median
Fair Value upside +55% · Top 25%
Return on assets −3% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) −17% · Bottom 25%
Revenue growth 437% · Top 25%

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/B 0.08× · Cheaper than 75% of peers
P/S (TTM) 0.16× · Cheaper than 75% of peers
EV/EBITDA 0.5× · Cheaper than 75% of peers

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 (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $456.24 $187.75 −59%
Arista Networks, Inc ANET $193.78 $57.72 −70%
Western Digital Corporation WDC $441.57 $47.49 −89%
Hygon Information Technology Co 688041 ¥246.21 ¥30.66 −88%
Hangzhou Hikvision Digital Technology Co 002415 ¥35.18 ¥40.44 +15%
Shenzhen Longsys Electronics Co 301308 ¥376.88 ¥91.67 −76%
Lenovo Group 0992 HK$30.12 HK$33.70 +12%
Dawning Information Industry Co 603019 ¥83.19 ¥39.38 −53%
HP Inc HPQ $30.52 $48.62 +59%
Inspur Electronic Information Industry Co 000977 ¥73.79 ¥44.02 −40%

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Frequently asked questions

Is ideaForge Technology Limited (IDEAFORGE) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ₹1,207 versus a price of ₹777.55, about +55% upside (undervalued).
What is the fair value of IDEAFORGE?
Our model-based fair value for ideaForge Technology Limited is ₹1,207 (as of Aug 21, 2026), built from audited fundamentals. The current price: ₹777.55.
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 ₹1,207 (as of Aug 21, 2026) from 2 valuation models. Cautious scenario ₹701.76, optimistic scenario ₹1,712. 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 ₹1,207, about +55% upside versus a price of ₹777.55 (undervalued). Cautious scenario ₹701.76, optimistic scenario ₹1,712. 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 Aug 21, 2026).
What is the net profit margin of IDEAFORGE?
The net profit margin of ideaForge Technology Limited is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
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