I

ideaForge Technology Ltd
NSE:IDEAFORGE

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ideaForge Technology Ltd
NSE:IDEAFORGE
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Price: 466.2 INR 0.02% Market Closed
Market Cap: ₹20.2B

EV/EBITDA

-23
Current
162%
Cheaper
vs 3-y median of 37.1

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
-23
=
Enterprise Value
₹16.3B
/
EBITDA
₹-822.3m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
-23
=
Enterprise Value
₹16.3B
/
EBITDA
₹-822.3m

Valuation Scenarios

ideaForge Technology Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (37.1), the stock would be worth ₹-752.53 (261% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-295%
Maximum Upside
No Upside Scenarios
Average Downside
249%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple -23 ₹466.2
0%
3-Year Average 37.1 ₹-752.53
-261%
5-Year Average 37.1 ₹-752.53
-261%
Industry Average 44.8 ₹-909.91
-295%
Country Average 17.7 ₹-358.61
-177%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹16.3B
/
Jan 2026
₹-822.3m
=
-23
Current
₹16.3B
/
Mar 2026
₹475.7m
=
34.3
Forward
₹16.3B
/
Mar 2027
₹932.2m
=
17.5
Forward
₹16.3B
/
Mar 2028
₹1.1B
=
14.3
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
ideaForge Technology Ltd
NSE:IDEAFORGE
20.2B INR -23 -19.6
US
Raytheon Technologies Corp
NYSE:RTX
263.4B USD 21.3 39.1
US
RTX Corp
LSE:0R2N
264.8B USD 21.3 39.3
US
Boeing Co
NYSE:BA
175.3B USD -55.3 92.8
NL
Airbus SE
PAR:AIR
141.3B EUR 15.2 27.1
FR
Safran SA
PAR:SAF
131.5B EUR 21.8 18.3
UK
Rolls-Royce Holdings PLC
LSE:RR
110.7B GBP 20.8 18.9
US
Lockheed Martin Corp
NYSE:LMT
135.6B USD 16 27
US
Howmet Aerospace Inc
NYSE:HWM
102.7B USD 43.3 68.2
US
Northrop Grumman Corp
NYSE:NOC
94.5B USD 18.2 22.6
US
General Dynamics Corp
NYSE:GD
90.9B USD 15.3 21.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
i
ideaForge Technology Ltd
NSE:IDEAFORGE
Average EV/EBITDA: 21.5
Negative Multiple: -23
N/A N/A
US
Raytheon Technologies Corp
NYSE:RTX
21.3
11%
1.9
US
RTX Corp
LSE:0R2N
21.3
11%
1.9
US
Boeing Co
NYSE:BA
Negative Multiple: -55.3 N/A N/A
NL
Airbus SE
PAR:AIR
15.2
18%
0.8
FR
Safran SA
PAR:SAF
21.8
17%
1.3
UK
Rolls-Royce Holdings PLC
LSE:RR
20.8
5%
4.2
US
Lockheed Martin Corp
NYSE:LMT
16
9%
1.8
US
Howmet Aerospace Inc
NYSE:HWM
43.3
16%
2.7
US
Northrop Grumman Corp
NYSE:NOC
18.2
7%
2.6
US
General Dynamics Corp
NYSE:GD
15.3
8%
1.9
P/E Multiple
Earnings Growth PEG
IN
i
ideaForge Technology Ltd
NSE:IDEAFORGE
Average P/E: 37.5
Negative Multiple: -19.6
N/A N/A
US
Raytheon Technologies Corp
NYSE:RTX
39.1
19%
2.1
US
RTX Corp
LSE:0R2N
39.3
18%
2.2
US
Boeing Co
NYSE:BA
92.8
53%
1.8
NL
Airbus SE
PAR:AIR
27.1
19%
1.4
FR
Safran SA
PAR:SAF
18.3
-6%
N/A
UK
Rolls-Royce Holdings PLC
LSE:RR
18.9
-10%
N/A
US
Lockheed Martin Corp
NYSE:LMT
27
16%
1.7
US
Howmet Aerospace Inc
NYSE:HWM
68.2
20%
3.4
US
Northrop Grumman Corp
NYSE:NOC
22.6
3%
7.5
US
General Dynamics Corp
NYSE:GD
21.6
9%
2.4

Market Distribution

Lower than 100% of companies in India
Percentile
0th
Based on 2 785 companies
0th percentile
-23
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

ideaForge Technology Ltd
Glance View

Market Cap
20.2B INR
Industry
Aerospace & Defense

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 Intrinsic Value
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