ideaForge Technology Ltd
NSE:IDEAFORGE
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ideaForge Technology Ltd
ideaForge Technology Ltd is a IN-based company operating in Aerospace & Defense industry. The company is headquartered in Navi Mumbai, Maharashtra. The company went IPO on 2023-07-07. Ideaforge Technology Limited is an India-based company. The firm is primarily engaged in the business of manufacture and marketing of unmanned aerial vehicle (UAV) systems which are used for security and surveillance. The ancillary business of providing training and maintenance service evolve around the main business of manufacture and marketing of UAV systems. The Company’s products include SWITCH UAV, NETRA V4 UAV, Q4i UAV, NINJA UAV, RYNO UAV, and Q6 UAV. Its security and surveillance applications include anti-terror, border security, coastal security and surveillance, crime control, disaster management, emergency first responder, forest and wildlife, and traffic monitoring. The Company’s mapping and surveying applications include land survey, mining area planning and mapping, volumetric estimation, and construction and real estate.
ideaForge Technology Ltd is a IN-based company operating in Aerospace & Defense industry. The company is headquartered in Navi Mumbai, Maharashtra. The company went IPO on 2023-07-07. Ideaforge Technology Limited is an India-based company. The firm is primarily engaged in the business of manufacture and marketing of unmanned aerial vehicle (UAV) systems which are used for security and surveillance. The ancillary business of providing training and maintenance service evolve around the main business of manufacture and marketing of UAV systems. The Company’s products include SWITCH UAV, NETRA V4 UAV, Q4i UAV, NINJA UAV, RYNO UAV, and Q6 UAV. Its security and surveillance applications include anti-terror, border security, coastal security and surveillance, crime control, disaster management, emergency first responder, forest and wildlife, and traffic monitoring. The Company’s mapping and surveying applications include land survey, mining area planning and mapping, volumetric estimation, and construction and real estate.
Order Book: ideaForge reported a record year-to-date order inflow of INR 440 crores, with an open order book of about INR 368 crores at the end of Q3.
Revenue Visibility: Management expects to deliver 40%–45% of the open order book in Q4, making revenue recognition a key focus for the coming quarter.
Profitability: The company is confident of achieving profitability in Q4 due to higher billing quantities and improved gross margins.
Industry Tailwinds: Large-scale government procurement initiatives and incentives like PLI 2.0 are expected to drive strong multi-year demand for the domestic drone sector.
Product & Market Expansion: Recent major order wins for ZOLT and SWITCH UAVs underscore ideaForge's leadership in indigenous defense technology, while the company is also expanding into civil and enterprise markets.
International Growth: The US joint venture is progressing, aiming to localize operations and better access US defense opportunities.
Margin Guidance: Gross margins for FY '26 are expected to exceed 50%, supported by favorable order mix and execution.
