This article covers an in-depth analysis of the ideaForge Share Price Target for the upcoming years from 2025 to 2050. The Ideaforge is one of the stocks which rapidly increased in the past few days due to the India Military Operation Sindoor. The ideaForge Technology shares have gone up 40% in 3 days. So, we have deeply analysed all the company background, fundamental and financial performance to predict the Share Price of ideaForge in the upcoming years. This article will help investors decide whether they should buy or sell the IdeaForge Shares. Let’s explore the in-depth analysis.
ideaForge Technology Ltd Company Overview
ideaForge Technology Ltd (NSE: IDEAFORGE) is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (“UAS”) market. As per the Drone Industry Insights published report, the company is ranked 3rd globally in the dual-use category (civil and defence) drone manufacturers in December 2024. The ideaForge was founded in 2007 by a group of IIT Bombay graduates, and they are now known for their rugged, high-performing drones. The company is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS).
The ideaForge Technology manufactures Unmanned Aircraft Vehicles (UAVS) for Mapping, Security & Surveillance. These drones are capable of a wide range of mining area planning and mapping applications. IdeaForge UAVS help construction and real estate to boost their operations and also assist defence forces in conducting Intelligence, Surveillance and Reconnaissance (ISR) operations at the borders. So that company has industry-leading product portfolios targeted at civil and defence applications (dual use).
ideaForge Technology Ltd Financials
| Terms | Value (Mar 2025) | Y/Y |
|---|---|---|
| Revenue | 24.74Cr | 75.82% |
| Net income | -25.71Cr | 339.94% |
| Diluted EPS | -5.9 | 341.8% |
| Net profit margin | -103.91% | 1092.45% |
| Operating income | -25.44Cr | 373.27% |
| Net change in cash | – | – |
| Cash on hand | – | – |
| Cost of revenue | 13.03Cr | 77.91% |
Ideaforge Technology Products Portfolio
Ideaforge company has a vast range of Product portfolio. They worked in Hardware, Software and solution-based products. Look at the company’s product portfolio below:
A) Hardware Products – The company has their manufacturing unit in Navi, Mumbai, and they manufacture their own products, including UAVS, payloads, batteries, chargers, and communication systems.
B) Software and embedded sub-system– Howvere, the Company has the cutting edge software and embedded sub-system. It includes GCS software, which enables controlling and management of their UAVs, and autopilot sub-system, which enables remote control and autonomous completion of flights.
C) Solutions-based Products– The IdeaForge Technology also enables industry/application-specific software that enhances the value of their UAVS to the end customer.
Historical Analysis of IdeaForge Share Price Performance
IdeaForge Technology Ltd was listed on the stock exchanges on July 7, 2023, after its IPO on the BSE and NSE. The Ideaforge shares opened at ₹1,300 on NSE and ₹1,305.10 on the BSE. It was a 94% premium to the IPO issue price of ₹672 per share. The stock listing price was higher than the analysts’ expectations, who had estimated a listing premium between 50% and 75%.
If we analyse the share price performance, the company’s share fell -₹805.90 (-62.23) in just 6 months from July 2023 to Dec 2023. In the year of 2024, the Company Share Price fluctuated between ₹830.60 to ₹589.15. It’s approximately declined by -₹241.45 (29.07%). The share price of Ideaforge declined due to a combination of factors, including poor quarterly results, revenue contractions, and concerns over the company’s business performance and order book. Specifically, the company has reported a decline in net profit, operating revenue, and EBITDA. It raises concerns among the investors.
The company also faced a decline in 2025, but due to the Indian military operation against Pakistan, there is a major rise recorded in the Ideaforge Share Price. In the last 5 days, the company’s share price rocketed the +₹126.85 (34.71%) (as of 13th May 2025). Due to the technological revolution, the company has great potential to become the world-leading Indian Brand in the upcoming years.
ideaForge Fundamental Analysis
| Metric | Value |
| Market Cap | ₹2,135 Cr. |
| 52-Week High | ₹ 864 |
| 52-Week Low | ₹301 |
| Face Value | ₹10.0 |
| Book Value | ₹141 |
| Return on Equity (ROE) | -9.81 % |
| Return on Capital Employed (ROCE) | -9.36 % |
| P/B Ratio | 3.03 |
| P/E Ratio | -32.13 |
| Dividend Yield | 0.00 % |
| Sales Growth (YoY) | -80.15% (March 2025) |
| Profit Growth (YoY) | -348.89% (March 2025) |
| Promoter Holding | 29.17% |
| Net Profit Margin | -103.91% (March 2025) |
| Debt-to-Equity Ratio | 0.02 (March 2025) |
Ideaforge Share Price Target 2025 to 2050
The company played a significant role in drone establishment for the Indian defence system, and after the historical victory of the Indian army in the mission Sindoor, the interest of investors has again been attracted to defence tech companies, including Ideaforge. Shares hiked by 17% after 7th May 2025 and are expected to reach Rs 8300/- in 2050. Check the year-wise detailed analysis and forecast below.
| Year | Share Price Target Range (INR) |
|---|---|
| 2025 | ₹320 to ₹660 |
| 2026 | ₹580 to ₹860 |
| 2027 | ₹850 to ₹1000 |
| 2028 | ₹1100 to ₹1480 |
| 2029 | ₹1790 to ₹2029 |
| 2030 | ₹1850 to ₹2500 |
| 2035 | ₹2850 to ₹3500 |
| 2040 | ₹4200 to ₹4600 |
| 2045 | ₹4900 to ₹5200 |
| 2050 | ₹7600 to ₹8200 |
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IdeaForge Share Price Target 2025 to 2030
Forecasting the share market is a big deal, and no one can be accurate about the future of the share price for Ideaforge Technology Ltd. However, the analysis of a company’s growth, 52-week share analysis, market cap, etc, can help to analyse the future goal of the company for a short duration between 2025 to 2030. Investors may see a range between ₹600 to ₹2500 for Ideaforge shares in 2025 to 2030 based on the following analysis.
IdeaForge Share Price Target 2025
The share price started with ₹624.35 on toJanuary025 and fell to ₹325.05 by 9th April, ril 2. However, er pricessth May, share prices are seen hiking by 17% with a share price of ₹485+. The company can give a range of prices between 320 rupees and to maximum of um ₹660 in 2025
| Ideaforge Share Price 2025 | Amount in Rupees |
| Minimum Share Price | ₹ 320 /- |
| Maximum Share Price | ₹ 660 /- |
IdeaForge Share Price Target 2026
The day range of the share price is ₹454.90 to ₹502.80. However, the annual price range is ₹304.20 – ₹864.40. It is impacting the daily volatility of ₹3.14 and the annual volatility of ₹59.99. It will give a share range with a minimum of ₹580 to a maximum of ₹860.
| Ideaforge Share Price 2026 | Amount in Rupees |
| Minimum Share Price | ₹ 580 /- |
| Maximum Share Price | ₹ 860 /- |
IdeaForge Share Price Target 2027
As per the National Stock Exchange (NSE) metrics, the company has a market cap of 2,136.69 crore rupees in 2025. Which is growing fastly with an average volume of 65.41 crores. It has again increased its performance and will reach a maximum share of ₹1000 in 2027
| Ideaforge Share Price 2027 | Amount in Rupees |
| Minimum Share Price | ₹ 850 /- |
| Maximum Share Price | ₹ 1000 /- |
IdeaForge Share Price Target 2028
52-week share performance highlights that the company is not growing as expected according to 2024. They recorded a maximum share of ₹864.40 on 29th July 2024, while the minimum share was recorded on 7th April 2025 with ₹304.20. Now it has again reached up to ₹500 in the first week of May 2025 and is expected to grow more. Investors will see a range of share prices between ₹1100 and to maximum of ₹ 1480 in 2028.
| Ideaforge Share Price 2028 | Amount in Rupees |
| Minimum Share Price | ₹ 1100 /- |
| Maximum Share Price | ₹ 1480 /- |
IdeaForge Share Price Target 2029
Shareholding patterns of Ideaforge are a challenging situation for investors who are investing for a long period. Usually, a company should own 40% to 50% shares to ensure full decision-making power. Ideaforge owns 29.23% shares while the public is holding 70.77% shares in the March 2025 report. However, the company is focusing on owning more shares as it has grown by .05% in March 2025. Full authority can impact higher shares of the company, which is expecting between ₹1500 to ₹1790 in 2029.
| Ideaforge Share Price 2029 | Amount in Rupees |
| Minimum Share Price | ₹ 1790 /- |
| Maximum Share Price | ₹ 2029 /- |
IdeaForge Share Price Target 2030
2030 is a target year, and it will be the first year of a new central government in India. Their budget on National Security will impact the weapon development companies, including Ideaforge, which is focusing on drone development for defence. It can give a maximum share price of Rs 2500 by the end of 2030
| Ideaforge Share Price 2030 | Amount in Rupees |
| Minimum Share Price | ₹ 1850 /- |
| Maximum Share Price | ₹ 2500 /- |
IdeaForge Share Price Target 2030 to 2050
Long-term investment gives your benefits wings if you are investing in the right company. While forecasting for 2035 to 2050 is not easy, we will analyse the company’s administrative and leadership attitude towards achieving its long-term goals. If the IdeaForge fits with national security goals, then its shares may range between 3500 and to maximum of ₹8000 by the end of 2050.
IdeaForge Share Price Target 2035
The central government is investing a huge budget in national security, including purchasing weapons and war equipment from domestic as well as international suppliers. After increasing tension between neighbouring countries, the government is focusing more on establishing complete security. If the company continue to produce quality war drones for defence, then it may increase shares of company by ₹ 3500 in 2035
| Ideaforge Share Price 2035 | Amount in Rupees |
| Minimum Share Price | ₹ 2850 /- |
| Maximum Share Price | ₹ 3500 /- |
IdeaForge Share Price Target 2040
Apart from the defence purpose, the company is also working on their civil projects drones which are used for unmanned aircraft system based filming, shooting scenes, civil monitoring etc. these technologies are in demand and will increase their need for other purposes. The futuristic leadership can range share price of the company between ₹4200 to 4600 in 2040.
| Ideaforge Share Price 2040 | Amount in Rupees |
| Minimum Share Price | ₹ 4200 /- |
| Maximum Share Price | ₹ 4600 /- |
IdeaForge Share Price Target 2045
Quick commerce companies have started to demonstrate the potential of drones for their instant delivery services. However the maintenance of the drone is too costly in current days, but the advanced drones are expected to resolve these financial barriers for next 20 years where the use of drone will be common for daily live services, so if IdeaForge continue their advancement in drone technology and improve R & D then it will give higher returns to their investors which are expecting ₹5200 or more in 2045
| Ideaforge Share Price 2045 | Amount in Rupees |
| Minimum Share Price | ₹ 4900 /- |
| Maximum Share Price | ₹ 5200 /- |
IdeaForge Share Price Target 2050
2050 is a targeted year for futuristic companies and organisations in the world. Most techs have a target to achieve their financial goals by 2050. Investors who are looking for a long-term investment can see an expected amount of share of Ideaforge of ₹7800 to 8200 by 2050 due to the demand for integrated drones in future.
| Ideaforge Share Price 2050 | Amount in Rupees |
| Minimum Share Price | ₹ 7600 /- |
| Maximum Share Price | ₹ 8200 /- |
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Ideaforge Technology Ltd Shareholding Patterns
| Category | Shareholding (%) |
|---|---|
| Public | 67.74% |
| Promoter | 29.17% |
| FII (Foreign Investors) | 1.56% |
| Mutual Funds | 1.02% |
| Other Institutions | 0.50% |
Ideaforge Technology Ltd Peer Comparison
| Stock Name | Market Cap (₹ Cr) | 1 Yr Return (%) | P/E (TTM) | P/B Ratio |
|---|---|---|---|---|
| MTAR Technologies Ltd | ₹1,489.2 (+2.36%) | -16.87% | 104.04 | 6.55 |
| Apollo Micro Systems Ltd | ₹213 (+4.13%) | +33.53% | 73.54 | 7.08 |
| DCX Systems Ltd | ₹307.3 (+3.56%) | +3.02% | 66.61 | 2.54 |
| IdeaForge Technology Ltd | ₹526.15 (+6.84%) | -21.18% | -37.23 | 3.55 |
Ideaforge Technology Ltd Cash Flow
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Operating Activities | -65.51 | 76.94 | -53.23 | 65.57 | -31.73 |
| Investing Activities | -78.29 | -107.96 | -148.91 | -42.10 | -10.95 |
| Financing Activities | -7.59 | 189.47 | 176.23 | -9.33 | 43.87 |
| Net Cash Flow | -151.39 | 158.45 | -25.91 | 14.14 | 1.19 |
Should you buy Ideaforge Stock? Investment Risk & Opportunity
The Ideaforge Stock is creating a buzz among investors. The share price of Ideaforge is continuously rising, but every investor should keep in mind the Risks & Opportunities to Invest, which are given below:
Ideaforge Investment Risk
Although IdeaForge Technology Ltd stock is rising these days. But, there are a lot of risk factors in the stock that can directly affect the share price. The company stock is trading at 3.42 times its book value and has a low interest coverage ratio. The company is facing the issue of low Promoter holding, which is just 29.2%.
It has a low return on equity of 0.86% over the last 3 years. Apart from this, the company’s Debtor days have increased from 97.3 to 127 days. IdeaForge’s working capital days have also increased from 405 days to 628 days.
Ideaforge Investment Opportunity
The IdeaForge is currently facing poor financial conditions and is weak in various factors. But the company is almost debt-free. Due to technological innovation promotions, Digital Indian and Make in India initiatives, the government will support the Umarketets to achieve a better defence system.
In the Technology revolution era, technology is gradually integrated into every sector. It will help the IdeaForge Technology to expand its Drone technology to another level and will make it a prominent player in the Global market.
Conlcusion
As you know, IdeaForge Technology Ltd is one of the prominent players in manufacturing drone technology in India. The company was started with the idea of New Innovation in Drone Technology. The company is continuously improving its products. However, there is a weakness in the financials. If the company achieves financial stability, the stock price of IdeaForge will skyrocket. Investors should keep an eye on the company’s microeconomic factors, upcoming projects, board of directors meetings and strategic plans so that they can make a safe investment decision.
FAQs
What is the future of IdeaForge shares?
The IdeaFroge has great growth potential in the upcoming years. The Share Price of Ideaforge will reach ₹1850 to ₹2500.
What is the fair value of ideaForge?
The company is currently trading at a discount of 814% on an EV/EBITDA basis, a discount of 783% on an EV/Sales basis, and a discount of 81% on a Price/Sales basis.
What is the target price of the ideaForge share in 2025?
The expected share price target for ideaForge is a maximum of ₹660 and a minimum of ₹320.
Why are IdeaForge shares falling?
Because the company reported a net loss of ₹25.7 crore for the quarter ended March 2025 (Q4FY25), due to a sharp decline in revenue. The company had posted a net profit of ₹10.3 crore in the year-ago quarter. Due to poor financial conditions and low promoter rises, concern among the investors.
Disclaimer: Stock market investments are subject to risks. The provided information is given for educational purposes. The predictions provided are based on research and past trends, and investors should do their analysis before making financial decisions. Make sure to ask and consult with industry experts and investors