| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 68.6 | 12.8 | +436.7% |
| EBITDA | 2.3 | −19.1 | — |
| EBITDA margin | 3.4% | −149.3% | +152.7 pts |
| Profit before tax | −12.0 | −25.3 | — |
| Net profit | −2.6 | −23.6 | — |
| EPS | −₹0.59 | −₹5.40 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 |
|---|
| 2,927 | — | — | — | |
| 101 | 101 | 109 | 254 | |
| 72.1 | 72.1 | 0.0 | 0.0 | |
| 2,898 | — | — | — | |
| 282 | 226 | 161 | 314 | |
| — | +40.3% | −48.7% | — | |
| 26.2 | 4.8 | −52.7 | 55.5 | |
| 9.3% | 2.1% | −32.7% | 17.7% | |
| −21.3 | −38.2 | −82.0 | 34.3 | |
| 3.9 | −17.0 | −62.3 | 45.3 | |
| 1.4% | −7.5% | −38.6% | 14.4% | |
| ₹0.91 | −₹3.93 | −₹14.39 | ₹10.46 | |
| — | +72.7% | −237.6% | — | |
| — | −63.4 | −76.8 | 76.0 | |
| — | −88.4 | −87.7 | −67.0 | |
| −152 | −152 | −165 | 9.0 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|
| Market Capitalization | — | — | — | 2,927.2 | |
| - Cash, Equiv & ST Investments | 253.6 | 108.7 | 101.4 | 101.4 | |
| + Total Debt | 0.0 | 0.0 | 72.1 | 72.1 | |
| Enterprise Value | — | — | — | 2,897.9 | |
| Revenue | 314.0 | 161.2 | 226.1 | 281.9 | |
| Growth %, YoY | — | -48.7 | +40.3 | — | |
| EBITDA | 55.5 | -52.7 | 4.8 | 26.2 | |
| Margin % | 17.67 | -32.68 | 2.13 | 9.30 | |
| EBIT | 34.3 | -82.0 | -38.2 | -21.3 | |
| Net Income | 45.3 | -62.3 | -17.0 | 3.9 | |
| Margin % | 14.42 | -38.63 | -7.53 | 1.39 | |
| EPS, Adj (current shares) | 10.46 | -14.39 | -3.93 | 0.91 | |
| Growth %, YoY | — | -237.6 | +72.7 | — | |
| Cash from Operations | 76.0 | -76.8 | -63.4 | — | |
| Capital Expenditures | -67.0 | -87.7 | -88.4 | — | |
| Free Cash Flow | 9.0 | -164.5 | -151.8 | -151.8 | |
Prices at the previous close · figures from the company's filings with NSE
Ideaforge Technology (NSE: IDEAFORGE) had a market capitalisation of ₹2,935 crore at the previous close (₹676.40 a share), a PE ratio of 746.5 on the last four quarters' profit and a price-to-book ratio of 4.90. In FY26 its consolidated net loss was ₹17 crore on revenue of ₹226 crore; in Q1 FY27 (April–June 2026) it was a loss of ₹2.6 crore. Its debt-to-equity ratio was 0.12 on 31 March 2026. Promoters held 25.25% of the shares on 30 September 2026.
Ideaforge Technology's PE ratio is 746.5 at the previous close (₹676.40 a share): a market capitalisation of ₹2,935 crore divided by consolidated net profit of ₹3.9 crore over the last four quarters (Q2 FY26 to Q1 FY27).
Ideaforge Technology's debt-to-equity ratio was 0.12 on 31 March 2026: borrowings of ₹72.1 crore against total equity of ₹599 crore. A year earlier, on 31 March 2025, it was 0.00.
Ideaforge Technology's net worth — shareholders' equity in its consolidated balance sheet — was ₹599 crore on 31 March 2026, down 1.6% from ₹609 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,935 crore at the previous close.
Ideaforge Technology's price-to-book (PB) ratio is 4.90 at the previous close: a market capitalisation of ₹2,935 crore divided by shareholders' equity (book value) of ₹599 crore on 31 March 2026. That is a book value of ₹138.04 per share against a share price of ₹676.40.
Ideaforge Technology's book value per share was ₹138.04 on 31 March 2026: shareholders' equity of ₹599 crore divided by the 4.34 crore shares in issue, down 2.3% from ₹141.29 a year earlier. The share price at the previous close was ₹676.40.
Promoters held 25.25% of Ideaforge Technology on 30 September 2026, down 3.71 percentage points from 28.96% the previous quarter and down 3.72 percentage points from 28.97% a year earlier, according to the shareholding pattern filed with NSE.
Ideaforge Technology's market capitalisation was ₹2,935 crore at the previous close: 4.34 crore shares at ₹676.40 each.
No. Ideaforge Technology had borrowings of ₹72.1 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.12. Its cash and current investments were ₹108 crore, so it held net cash of ₹35.7 crore.
Ideaforge Technology's basic earnings per share (EPS) were −₹3.90 in FY26, against −₹14.41 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹0.89.
In FY26, Ideaforge Technology's return on equity (ROE) was −2.8% and its return on capital employed (ROCE) was −6.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was −9.8% and ROCE −12.6%.
On 30 September 2026, Ideaforge Technology's shares were held by promoters 25.25%, foreign portfolio investors (FII/FPI) 7.27%, domestic institutions (DII) 13.58% (including mutual funds at 11.17%) and retail and other non-institutional investors 53.90%. Over the year, FII holding was up 7.02 percentage points from 0.25% and DII holding was up 12.10 percentage points from 1.48%.
In FY26, Ideaforge Technology generated ₹63.4 crore of cash from operations and spent ₹88.4 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹152 crore. In FY25 it was −₹165 crore.
Ideaforge Technology's latest results are for Q1 FY27 (April–June 2026), filed on 10 August 2026: consolidated net loss ₹2.6 crore, narrower than the loss of ₹23.6 crore in Q1 FY26; revenue from operations ₹68.6 crore, up 436.7% year on year.
In FY26 (April 2025–March 2026), Ideaforge Technology's consolidated net loss was ₹17 crore, narrower than the loss of ₹62.3 crore in FY25, on revenue from operations of ₹226 crore (up 40.3%).
In FY26, Ideaforge Technology earned net profit of ₹17 crore on revenue of ₹226 crore, against ₹21.9 crore on ₹485 crore for Rossell Techsys. Ideaforge Technology's operating margin was −16.9% (Rossell Techsys 10.1%) and its return on equity −2.8% (Rossell Techsys 15.2%).
Ideaforge Technology will announce its Q2 FY27 results (July–September 2026) on Monday, 2 November 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against Rossell Techsys, Avantel and Centum Electronics: Ideaforge Technology's operating margin of −16.9% is the lowest of the four (Rossell Techsys 10.1%, Avantel 12.5%, Centum Electronics 12.2%; peer average 11.6%); its return on equity of −2.8% is the third highest of the four (Rossell Techsys 15.2%, Avantel 5.2%, Centum Electronics −13.8%; peer average 2.2%).
From Ideaforge Technology's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.