- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0073969

About Ideaforge Technology Limited
Data last updated:
Ideaforge Technology Limited is a public limited company based in Navi Mumbai, Maharashtra, India. It operates in the machinery repair and installation or automotive services segment of the automobiles sector. It was incorporated on 08 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L31401MH2007PLC167669. Its GSTIN is 27AABCI6495B1ZK (Maharashtra). The company holds 8 GST registrations, of which 6 are active. Its shares are listed on BSE: 543932 and NSE: IDEAFORGE.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹49.72 Cr. It is led by directors including Rahul Singh (Whole-Time Director) and Ankit Mehta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 05 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at El – 146 Ttc Industrial Area Electronic Zone MIDC Mahape Navi Mumbai, Maharashtra, India – 400710.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹226.13 Cr, a growth of 40.3% compared to the previous year. For the same year it recorded a net loss of ₹20.16 Cr (net margin -8.9%) and EBITDA of ₹5.55 Cr (EBITDA margin 2.5%). The net worth stands at ₹599.05 Cr (down 1.6% YoY). Total assets are valued at ₹692.97 Cr (up 10% YoY).
The company has about 355 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ideaForge. As per MCA filings, the company has open charges of ₹284.28 Cr and satisfied charges of ₹116.44 Cr on record. Court records list 13 cases involving the company, including 9 filed by the company and 2 filed against it; 4 cases are pending. The company has 78 deals on record (35 market trades, 21 secondary share transfers, 13 funding rounds), with disclosed funding of ₹311.31 Cr; the latest was in July 2026. Its 10 peer companies in the Aviation industry (Aircraft and Components Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Tata Advanced Materials Limited with revenue of ₹380.38 Cr. The company has 17 MSME Form 1 returns on record between 2019 and 2024, listing 4,996 overdue payments to 198 micro and small suppliers.
Ideaforge Technology Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0073969). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ideaforgetech.com.
CIN History of Ideaforge Technology Limited
Ideaforge Technology has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L31401MH2007PLC167669, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31401MH2007PLC167669 | Current |
| U31401MH2007PTC167669 | Previous |
| U31401MH2007PLC167669 | Previous |
Recognitions & Rankings of Ideaforge Technology
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressEl – 146 Ttc Industrial Area Electronic Zone MIDC Mahape Navi Mumbai, Maharashtra, India – 400710
- IndustryAutomobile, Machinery Repair & Installation Or Automotive Services
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Associated Brands with Ideaforge Technology Limited
Ideaforge Technology operates one associated brand: ideaForge. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of unmanned aerial vehicles | ideaforgetech.com |
Business Activity of Ideaforge Technology Limited
The main business activity of Ideaforge Technology is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ideaforge Technology Limited FY 2025-26 filings available
Ideaforge Technology Limited reported revenue of ₹226.13 Cr (up 40.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 226 | 161 | 314 | 186 | 159 | 34.72 | 14.00 |
| Revenue growth | +40.3% | -48.7% | +68.8% | +16.7% | +359.2% | +148.0% | - |
| EBITDA | 5.55 | (51.88) | 56.53 | 48.07 | 74.56 | (10.60) | (12.37) |
| EBITDA margin | +2.5% | -32.2% | +18.0% | +25.8% | +46.8% | -30.5% | -88.4% |
| Profit before tax | (19.93) | (62.39) | 61.07 | 40.80 | 50.19 | (14.49) | (13.43) |
| Net profit | (20.16) | (65.18) | 43.55 | 30.54 | 44.00 | (14.61) | (13.44) |
| Net profit margin | -8.9% | -40.4% | +13.9% | +16.4% | +27.6% | -42.1% | -96.0% |
| EPS (₹) | (3.93) | (14.46) | 10.56 | 14.99 | 4,944.49 | (1,643.37) | (1,510.79) |
| Balance sheet | |||||||
| Total assets | 693 | 630 | 678 | 428 | 182 | 113 | 76.19 |
| Net worth | 599 | 609 | 661 | 325 | 163 | 59.75 | 68.12 |
| Total debt | 83.71 | 16.47 | 14.49 | 101 | 16.37 | 51.04 | 6.61 |
| Cash & bank | 39.32 | 96.76 | 274 | 6.50 | 35.08 | 14.13 | 0.10 |
| Net working capital | 309 | 281 | 453 | 199 | 92.70 | 70.35 | 33.93 |
| Cash flow | |||||||
| Cash from operations | (63.41) | (76.79) | 76.04 | (53.23) | 66.52 | (30.81) | (16.47) |
| Cash from investing | 16.35 | (68.07) | (102) | (149) | (30.76) | (6.80) | 4.76 |
| Cash from financing | 60.96 | (7.59) | 189 | 176 | (10.60) | 42.79 | 1.18 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 68.59 | 141 | 31.55 | 40.76 | 12.78 | 20.31 | 17.61 | 37.10 |
| Revenue growth (YoY) | +436.7% | +594.4% | +79.2% | +9.9% | -85.2% | - | - | - |
| Other income | 1.95 | 12.45 | 2.61 | 3.29 | 3.94 | 4.43 | 4.89 | 5.84 |
| EBITDA | 2.33 | 61.70 | (26.52) | (11.28) | (19.08) | (21.85) | (17.48) | (15.83) |
| EBITDA margin | +3.4% | +43.7% | -84.1% | -27.7% | -149.3% | -107.6% | -99.3% | -42.7% |
| Depreciation | 14.21 | 11.78 | 10.97 | 10.55 | 9.78 | 8.03 | 7.47 | 7.22 |
| Interest | 2.04 | 1.64 | 1.05 | 0.92 | 0.37 | 0.25 | 0.23 | 0.78 |
| Profit before tax | (11.97) | 60.73 | (35.93) | (19.46) | (25.29) | (25.70) | (20.29) | (17.99) |
| Tax | (9.37) | 0.75 | (2.08) | 0.16 | (1.74) | 0.02 | 3.74 | (4.27) |
| Net profit | (2.60) | 59.98 | (33.85) | (19.62) | (23.55) | (25.72) | (24.03) | (13.72) |
| EPS (₹) | (0.59) | 13.68 | (7.75) | (4.49) | (5.40) | (5.90) | (5.56) | (3.15) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 227 | 166 | 317 | 186 | 159 | 34.93 | 14.09 |
| Revenue growth | +36.7% | -47.7% | +70.4% | +16.7% | +356.5% | +147.9% | - |
| EBITDA | 16.02 | (42.14) | 59.98 | 48.07 | 74.56 | (11.29) | (13.11) |
| EBITDA margin | +7.1% | -25.4% | +18.9% | +25.8% | +46.8% | -32.3% | -93.0% |
| Profit before tax | (9.69) | (52.47) | 64.52 | 40.80 | 50.19 | (14.29) | (13.54) |
| Net profit | (10.91) | (54.28) | 46.13 | 30.54 | 44.00 | (14.29) | (13.54) |
| Net profit margin | -4.8% | -32.7% | +14.6% | +16.4% | +27.6% | -40.9% | -96.1% |
| EPS (₹) | (1.80) | (11.92) | 11.16 | 14.99 | 4,944.49 | (1,460.44) | (1,537.54) |
| Balance sheet | |||||||
| Total assets | 714 | 643 | 681 | 428 | 182 | 112 | 75.24 |
| Net worth | 621 | 622 | 663 | 325 | 163 | 60.36 | 68.47 |
| Total debt | 83.71 | 16.47 | 14.49 | 101 | 16.37 | 65.20 | 5.30 |
| Cash & bank | 29.83 | 92.46 | 268 | 6.50 | 35.08 | 20.72 | 8.52 |
| Net working capital | 296 | 277 | 449 | 199 | 92.70 | 70.58 | 31.92 |
| Cash flow | |||||||
| Cash from operations | (49.59) | (65.51) | 76.94 | (53.23) | 66.52 | (30.81) | (17.13) |
| Cash from investing | 0.25 | (78.29) | (108) | (149) | (30.76) | (6.80) | 4.52 |
| Cash from financing | 60.96 | (7.59) | 189 | 176 | (10.60) | 42.79 | 2.09 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 68.42 | 141 | 31.55 | 41.67 | 12.78 | 23.77 | 18.50 | 37.20 |
| Revenue growth (YoY) | +435.4% | +492.6% | +70.5% | +12.0% | -85.2% | - | - | - |
| Other income | 1.87 | 12.36 | 2.55 | 3.20 | 3.85 | 4.49 | 4.89 | 5.84 |
| Total expenses | 65.74 | 78.10 | 55.45 | 48.72 | 29.29 | 41.42 | 33.01 | 51.38 |
| EBITDA | 2.68 | 62.76 | (23.90) | (7.05) | (16.51) | (17.65) | (14.51) | (14.18) |
| EBITDA margin | +3.9% | +44.6% | -75.8% | -16.9% | -129.2% | -74.3% | -78.4% | -38.1% |
| Depreciation | 14.19 | 11.75 | 10.94 | 10.53 | 9.76 | 8.00 | 7.44 | 7.20 |
| Interest | 2.04 | 1.64 | 1.05 | 0.92 | 0.37 | 0.25 | 0.23 | 0.78 |
| Profit before tax | (11.68) | 61.73 | (33.34) | (15.30) | (22.79) | (21.41) | (17.29) | (16.32) |
| Tax | (9.37) | 1.31 | (2.00) | (0.24) | (1.00) | (1.01) | 3.38 | (4.11) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 68.59 | 141 | 31.55 | 40.76 | 12.78 | 20.31 | 17.61 | 37.10 |
| Revenue growth (YoY) | +436.7% | +594.4% | +79.2% | +9.9% | -85.2% | - | - | - |
| Other income | 1.95 | 12.45 | 2.61 | 3.29 | 3.94 | 4.43 | 4.89 | 5.84 |
| EBITDA | 2.33 | 61.70 | (26.52) | (11.28) | (19.08) | (21.85) | (17.48) | (15.83) |
| EBITDA margin | +3.4% | +43.7% | -84.1% | -27.7% | -149.3% | -107.6% | -99.3% | -42.7% |
| Depreciation | 14.21 | 11.78 | 10.97 | 10.55 | 9.78 | 8.03 | 7.47 | 7.22 |
| Interest | 2.04 | 1.64 | 1.05 | 0.92 | 0.37 | 0.25 | 0.23 | 0.78 |
| Profit before tax | (11.97) | 60.73 | (35.93) | (19.46) | (25.29) | (25.70) | (20.29) | (17.99) |
| Tax | (9.37) | 0.75 | (2.08) | 0.16 | (1.74) | 0.02 | 3.74 | (4.27) |
| Net profit | (2.60) | 59.98 | (33.85) | (19.62) | (23.55) | (25.72) | (24.03) | (13.72) |
| EPS (₹) | (0.59) | 13.68 | (7.75) | (4.49) | (5.40) | (5.90) | (5.56) | (3.15) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 226 | 161 | 314 | 186 | 159 | 34.72 | 14.00 |
| Revenue growth | +40.3% | -48.7% | +68.8% | +16.7% | +359.2% | +148.0% | - |
| Other income | 22.29 | 21.16 | 30.41 | 10.40 | 2.01 | 1.62 | 2.32 |
| Total expenses | 221 | 213 | 257 | 138 | 84.88 | 45.32 | 26.37 |
| Employee cost | 120 | 109 | 90.60 | 66.93 | 35.71 | 25.84 | 19.75 |
| EBITDA | 5.55 | (51.88) | 56.53 | 48.07 | 74.56 | (10.60) | (12.37) |
| EBITDA margin | +2.5% | -32.2% | +18.0% | +25.8% | +46.8% | -30.5% | -88.4% |
| Depreciation | 43.07 | 29.34 | 21.17 | 11.86 | 7.28 | 3.58 | 2.78 |
| Interest | 4.70 | 2.33 | 4.70 | 5.81 | 19.10 | 1.93 | 0.60 |
| Profit before tax | (19.93) | (62.39) | 61.07 | 40.80 | 50.19 | (14.49) | (13.43) |
| Tax | (2.91) | (0.12) | 15.80 | 8.81 | 6.17 | 0.12 | 0.01 |
| Net profit | (20.16) | (65.18) | 43.55 | 30.54 | 44.00 | (14.61) | (13.44) |
| Net profit margin | -8.9% | -40.4% | +13.9% | +16.4% | +27.6% | -42.1% | -96.0% |
| EPS (₹) | (3.93) | (14.46) | 10.56 | 14.99 | 4,944.49 | (1,643.37) | (1,510.79) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 43.28 | 43.08 | 42.89 | 21.34 | 0.09 | 0.09 | 0.09 |
| Reserves & surplus | 556 | 566 | 618 | 303 | 110 | 59.62 | 67.99 |
| Shareholders' funds (net worth) | 599 | 609 | 661 | 325 | 163 | 59.75 | 68.12 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 72.13 | 0.00 | 0.00 | 86.50 | 0.02 | 20.32 | 5.30 |
| Unsecured loans | 11.58 | 16.47 | 14.49 | 14.06 | 16.35 | 30.72 | 1.31 |
| Total debt | 83.71 | 16.47 | 14.49 | 101 | 16.37 | 51.04 | 6.61 |
| Total liabilities | 693 | 630 | 678 | 428 | 182 | 113 | 76.19 |
| Assets | |||||||
| Gross block | 261 | 173 | 111 | 70.57 | 35.70 | 15.70 | 7.59 |
| Net block | 138 | 96.88 | 67.12 | 48.71 | 26.21 | 12.97 | 4.61 |
| Capital work in progress | 110 | 99.90 | 54.18 | 24.92 | 19.09 | 14.22 | 16.84 |
| Investments | 105 | 120 | 87.87 | 125 | 10.65 | 0.00 | 11.90 |
| Inventories | 143 | 94.23 | 98.28 | 105 | 48.91 | 23.42 | 10.86 |
| Sundry debtors | 126 | 56.02 | 44.35 | 57.82 | 20.31 | 23.75 | 10.12 |
| Cash & bank balances | 39.32 | 96.76 | 274 | 6.50 | 35.08 | 14.13 | 0.10 |
| Loans & advances | 106 | 75.99 | 101 | 90.63 | 28.66 | 20.11 | 16.45 |
| Total current assets | 415 | 323 | 517 | 260 | 133 | 81.41 | 37.53 |
| Total current liabilities | 106 | 41.81 | 64.49 | 60.14 | 40.26 | 11.06 | 3.60 |
| Net working capital | 309 | 281 | 453 | 199 | 92.70 | 70.35 | 33.93 |
| Total assets | 693 | 630 | 678 | 428 | 182 | 113 | 76.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 15.87 | 168 | 4.50 | 30.42 | 5.26 | 0.09 | 10.61 |
| Net cash from operating activities | (63.41) | (76.79) | 76.04 | (53.23) | 66.52 | (30.81) | (16.47) |
| Net cash from investing activities | 16.35 | (68.07) | (102) | (149) | (30.76) | (6.80) | 4.76 |
| Net cash from financing activities | 60.96 | (7.59) | 189 | 176 | (10.60) | 42.79 | 1.18 |
| Net change in cash | 13.89 | (152) | 164 | (25.91) | 25.16 | 5.17 | (10.52) |
| Closing cash | 39.32 | 96.76 | 274 | 6.50 | 35.08 | 14.13 | 0.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +40.3% | -48.7% | +68.8% | +16.7% | +359.2% | +148.0% | - |
| EBITDA growth | +110.7% | -191.8% | +17.6% | -35.5% | +803.4% | +14.3% | - |
| PBT growth | +68.1% | - | +49.7% | -18.7% | +9998.0% | -7.9% | +9997.0% |
| Net income growth | +69.1% | -249.7% | +42.6% | -30.6% | +401.2% | -8.7% | - |
| Revenue CAGR (3Y) | +6.7% | +0.4% | +108.4% | +136.9% | - | - | - |
| EBITDA CAGR (3Y) | -51.3% | - | - | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | -7.5% | -38.6% | +14.4% | +17.2% | +27.6% | -42.1% | -96.0% |
| Return on capital employed | -2.8% | -9.2% | +11.9% | +15.3% | +47.0% | 0.0% | 0.0% |
| Return on net worth | -3.3% | -9.8% | +9.2% | +13.1% | +39.5% | 0.0% | 0.0% |
| Debt / equity | 0.08 | 0.02 | 0.12 | 0.24 | 0.30 | 0.45 | 0.10 |
| Long-term debt / equity | 0.01 | 0.02 | 0.02 | 0.04 | 0.21 | 0.30 | 0.01 |
| Interest cover | -12.53 | -2.87 | 13.29 | 16.05 | 28.39 | -13.61 | -3.96 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.04 | 1.13 | 3.45 | 3.50 | 6.20 | 2.98 | 1.84 |
| Inventory turnover | 1.91 | 1.67 | 3.09 | 2.42 | 4.41 | 2.03 | 1.29 |
| Debtors turnover | 2.48 | 3.21 | 6.15 | 4.76 | 7.24 | 2.05 | 1.38 |
| EPS (₹) | (3.93) | (14.46) | 10.56 | 14.99 | 4,944.49 | (1,643.37) | (1,510.79) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 138.42 | 141.29 | 154.04 | 152.16 | 12,403.93 | 6,708.99 | 7,649.33 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 68.42 | 141 | 31.55 | 41.67 | 12.78 | 23.77 | 18.50 | 37.20 |
| Revenue growth (YoY) | +435.4% | +492.6% | +70.5% | +12.0% | -85.2% | - | - | - |
| Other income | 1.87 | 12.36 | 2.55 | 3.20 | 3.85 | 4.49 | 4.89 | 5.84 |
| Total expenses | 65.74 | 78.10 | 55.45 | 48.72 | 29.29 | 41.42 | 33.01 | 51.38 |
| EBITDA | 2.68 | 62.76 | (23.90) | (7.05) | (16.51) | (17.65) | (14.51) | (14.18) |
| EBITDA margin | +3.9% | +44.6% | -75.8% | -16.9% | -129.2% | -74.3% | -78.4% | -38.1% |
| Depreciation | 14.19 | 11.75 | 10.94 | 10.53 | 9.76 | 8.00 | 7.44 | 7.20 |
| Interest | 2.04 | 1.64 | 1.05 | 0.92 | 0.37 | 0.25 | 0.23 | 0.78 |
| Profit before tax | (11.68) | 61.73 | (33.34) | (15.30) | (22.79) | (21.41) | (17.29) | (16.32) |
| Tax | (9.37) | 1.31 | (2.00) | (0.24) | (1.00) | (1.01) | 3.38 | (4.11) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 227 | 166 | 317 | 186 | 159 | 34.93 | 14.09 |
| Revenue growth | +36.7% | -47.7% | +70.4% | +16.7% | +356.5% | +147.9% | - |
| Other income | 21.97 | 21.22 | 30.41 | 10.40 | 2.01 | 1.33 | 2.30 |
| Total expenses | 211 | 208 | 257 | 138 | 84.88 | 46.22 | 27.20 |
| Employee cost | 116 | 107 | 90.60 | 66.93 | 35.71 | 19.25 | 12.99 |
| EBITDA | 16.02 | (42.14) | 59.98 | 48.07 | 74.56 | (11.29) | (13.11) |
| EBITDA margin | +7.1% | -25.4% | +18.9% | +25.8% | +46.8% | -32.3% | -93.0% |
| Depreciation | 42.98 | 29.22 | 21.17 | 11.86 | 7.28 | 3.14 | 2.30 |
| Interest | 4.70 | 2.33 | 4.70 | 5.81 | 19.10 | 1.19 | 0.43 |
| Profit before tax | (9.69) | (52.47) | 64.52 | 40.80 | 50.19 | (14.29) | (13.54) |
| Tax | (1.93) | (1.10) | 16.66 | 8.81 | 6.17 | 0.00 | 0.00 |
| Net profit | (10.91) | (54.28) | 46.13 | 30.54 | 44.00 | (14.29) | (13.54) |
| Net profit margin | -4.8% | -32.7% | +14.6% | +16.4% | +27.6% | -40.9% | -96.1% |
| EPS (₹) | (1.80) | (11.92) | 11.16 | 14.99 | 4,944.49 | (1,460.44) | (1,537.54) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 43.28 | 43.08 | 42.89 | 21.34 | 0.09 | 0.10 | 0.13 |
| Reserves & surplus | 577 | 579 | 620 | 303 | 110 | 60.26 | 68.34 |
| Shareholders' funds (net worth) | 621 | 622 | 663 | 325 | 163 | 60.36 | 68.47 |
| Secured loans | 72.13 | 0.00 | 0.00 | 86.50 | 0.02 | 20.31 | 5.27 |
| Unsecured loans | 11.58 | 16.47 | 14.49 | 14.06 | 16.35 | 44.89 | 0.03 |
| Total debt | 83.71 | 16.47 | 14.49 | 101 | 16.37 | 65.20 | 5.30 |
| Total liabilities | 714 | 643 | 681 | 428 | 182 | 128 | 75.24 |
| Assets | |||||||
| Gross block | 260 | 173 | 111 | 70.57 | 35.70 | 52.46 | 28.40 |
| Net block | 138 | 96.58 | 67.11 | 48.71 | 26.21 | 24.22 | 15.74 |
| Capital work in progress | 110 | 99.90 | 53.80 | 24.92 | 19.09 | 0.00 | 0.00 |
| Investments | 140 | 137 | 94.55 | 125 | 10.65 | 0.00 | 11.90 |
| Inventories | 139 | 90.68 | 97.22 | 105 | 48.91 | 23.42 | 10.86 |
| Sundry debtors | 127 | 59.51 | 47.39 | 57.82 | 20.31 | 23.53 | 10.43 |
| Cash & bank balances | 29.83 | 92.46 | 268 | 6.50 | 35.08 | 20.72 | 8.52 |
| Loans & advances | 106 | 76.04 | 101 | 90.63 | 28.66 | 13.97 | 5.71 |
| Total current assets | 402 | 319 | 514 | 260 | 133 | 81.64 | 35.52 |
| Total current liabilities | 105 | 41.54 | 64.95 | 60.14 | 40.26 | 11.06 | 3.60 |
| Net working capital | 296 | 277 | 449 | 199 | 92.70 | 70.58 | 31.92 |
| Total assets | 714 | 643 | 681 | 428 | 182 | 112 | 75.24 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 11.56 | 163 | 4.50 | 30.42 | 5.26 | 0.09 | 10.61 |
| Net cash from operating activities | (49.59) | (65.51) | 76.94 | (53.23) | 66.52 | (30.81) | (17.13) |
| Net cash from investing activities | 0.25 | (78.29) | (108) | (149) | (30.76) | (6.80) | 4.52 |
| Net cash from financing activities | 60.96 | (7.59) | 189 | 176 | (10.60) | 42.79 | 2.09 |
| Net change in cash | 11.62 | (151) | 158 | (25.91) | 25.16 | 5.17 | (10.52) |
| Closing cash | 29.83 | 92.46 | 268 | 6.50 | 35.08 | 20.72 | 8.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +36.7% | -47.7% | +70.4% | +16.7% | +356.5% | +147.9% | - |
| EBITDA growth | +138.0% | -170.3% | +24.8% | -35.5% | +760.4% | +13.9% | - |
| PBT growth | +81.5% | - | +58.1% | -18.7% | +9998.0% | -5.5% | -45.1% |
| Net income growth | +79.9% | -217.7% | +51.1% | -30.6% | +407.9% | -5.5% | - |
| Revenue CAGR (3Y) | +6.8% | +1.3% | +108.6% | +136.3% | +106.2% | - | - |
| EBITDA CAGR (3Y) | -30.7% | - | - | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | -3.4% | -31.0% | +15.1% | +17.2% | +27.6% | -40.9% | -96.1% |
| Return on capital employed | -1.2% | -7.6% | +12.5% | +15.3% | +48.3% | 0.0% | 0.0% |
| Return on net worth | -1.8% | -8.0% | +9.7% | +13.1% | +39.4% | 0.0% | 0.0% |
| Debt / equity | 0.08 | 0.02 | 0.12 | 0.24 | 0.26 | 0.37 | 0.05 |
| Long-term debt / equity | 0.01 | 0.02 | 0.02 | 0.04 | 0.23 | 0.29 | 0.00 |
| Interest cover | -17.43 | -3.27 | 12.11 | 16.05 | 28.39 | -8.25 | -2.79 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.05 | 1.17 | 3.48 | 3.50 | 4.97 | 1.56 | 0.66 |
| Inventory turnover | 1.98 | 1.77 | 3.14 | 2.42 | 4.41 | 2.04 | 1.33 |
| Debtors turnover | 2.43 | 3.10 | 6.03 | 4.76 | 7.27 | 2.06 | 1.46 |
| EPS (₹) | (1.80) | (11.92) | 11.16 | 14.99 | 4,944.49 | (1,460.44) | (1,537.54) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 143.39 | 144.40 | 154.64 | 152.16 | 12,403.93 | 6,168.79 | 7,770.61 |
Board of Directors of Ideaforge Technology Limited
Ideaforge Technology has 8 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Singh | Whole-Time Director | 08 Feb 2007 | 19 Years 8 Months | Current |
| Ankit Mehta | Whole-Time Director | 08 Feb 2007 | 19 Years 8 Months | Current |
| Ashish Ramesh Bhat | Whole-Time Director | 08 Feb 2007 | 19 Years 8 Months | Current |
| Vikas Balia Also directs: Ultratech Cement Limited, The India Cements Limited, Hindalco Industries Limited and 4 more | Director | 14 Dec 2022 | 3 Years 10 Months | Current |
| Mathew Cyriac Also directs: Clear Wealth Consultancy Services LLP, Florintree Green LLP, Fabmohur Advisors LLP and 5 more | Nominee Director | 24 Jun 2022 | 4 Years 3 Months | Current |
| Srikanth Velamakanni | Director | 14 Dec 2022 | 3 Years 10 Months | Current |
Peer Comparison of Ideaforge Technology Limited
Ideaforge Technology Limited is compared with the companies closest to it by revenue in the Aviation industry (Aircraft and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tata Advanced Materials Limited | ₹380.38 Cr (FY 2020) | •••• | •••• | -9.0% | •••• | Karnataka, India |
| Paras Defence and Space Technologies Limited Listed | ₹372.58 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Navi Mumbai, Maharashtra, India |
| International Aerospace Manufacturing Private Limited | ₹356.31 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Bangalore, Karnataka, India |
| Tata Sikorsky Aerospace Limited | ₹345.74 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Hyderabad, Telangana, India |
| Space Era Materials and Processes Private Limited | ₹345.65 Cr (FY 2025) | •••• | •••• | 151.0% | •••• | Hyderabad, Telangana, India |
| Coreel Technologies (India) Private Limited | ₹334.84 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Bangalore, Karnataka, India |
| Ankit Aerospace Private Limited | ₹312.7 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Bangalore, Karnataka, India |
| Chakradhara Aerospace and Cargo Private Limited | ₹304.26 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Coimbatore, Tamil Nadu, India |
| Unimech Aerospace and Manufacturing Limited | ₹267.69 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Bangalore, Karnataka, India |
| Mahindra Aerostructures Private Limited | ₹258.08 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Ideaforge Technology Limited this company | ₹226.13 Cr (FY 2026) | •••• | •••• | 40.3% | •••• | Navi Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Ideaforge Technology by revenue in the Aviation industry (Aircraft and Components Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ideaforge Technology Limited
Ideaforge Technology Limited is audited by B S R & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Shareholding Pattern of Ideaforge Technology Limited
Shareholding for the quarter ended Sep 2026: promoters hold 29.00%, foreign institutional investors hold 4.90%, domestic institutional investors hold 2.70% and retail and other public shareholders hold 63.50%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 29.00% | 29.00% | 29.00% | 29.00% |
| Public | 71.00% | 71.00% | 71.00% | 71.00% |
Charges & Borrowings of Ideaforge Technology Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Aug 2022 | Axis Bank Limited | ₹75 Cr | Open |
| 28 Mar 2022 | Others | ₹150 Cr | Open |
| 23 Nov 2021 | Hdfc Bank Limited | ₹59.28 Cr | Open |
| 15 Jul 2021 | Others | ₹24 Cr | Satisfied |
| 09 Apr 2021 | Others | ₹42.83 Cr | Satisfied |
Total charge records: 13 View all charges
Deals & Funding of Ideaforge Technology Limited
Ideaforge Technology Limited has 78 deals on record (35 market trades, 21 secondary share transfers, 13 funding rounds), with disclosed funding of ₹311.31 Cr; the latest was in July 2026.
Deals on record (5 of 78)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Market trade | ₹21.77 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| May 2026 | Market trade | ₹104.89 Cr | Buyer: Hrti Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP Seller: Hrti Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP |
| May 2026 | Market trade | ₹154.91 Cr | Buyer: Hrti Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP , an individual Seller: Hrti Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP |
| May 2026 | Market trade | ₹37.82 Cr | Buyer: Hrti Private Limited , an individual Seller: Hrti Private Limited |
| Apr 2026 | Market trade | ₹27.16 Cr | Buyer: Qe Securities LLP , Hrti Private Limited Seller: Qe Securities LLP , Hrti Private Limited |
Full deal history
All 78 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ideaforge Technology Limited
Ideaforge Technology Limited has 13 court cases on record: 9 filed by Ideaforge Technology, 2 filed against it, 2 where it is another party. 4 cases are pending and 9 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 1 | 2 |
| District courts | 4 | 1 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 6 Mumbai | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Pending |
| High Court of Delhi | Court case (CS(OS)) | Filed by the company against an individual | Pending |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by an individual | Pending |
| Madras High Court | Court case (CRL MP) | Filed by the company against an individual | Disposed |
Full case history
All 13 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Ideaforge Technology Limited
Ideaforge Technology Limited has 17 MSME Form 1 returns on record between 2019 and 2024, listing 4,996 overdue payments to 198 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 198)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Capricorn Logistics Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Knitpro International | •••• | •••• | •••• |
| Mitechno Plast Private Limited | •••• | •••• | •••• |
| Shikin Hotels Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 17 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Ideaforge Technology Limited
Ideaforge Technology Limited has a workforce of 355 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ideaforge Technology Limited
Ideaforge Technology Limited has 16 board changes on record since 2007: 12 appointments and 4 cessations. The latest: Vipul Joshi was appointed as Whole-Time Director on 06 Sep 2025.
36 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ideaforge Technology Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ideaforge Technology Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ideaforge Technology Limited
Ideaforge Technology has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI6495B1ZK | Maharashtra | Active | 01 Jul 2017 |
| 27AABCI6495B2ZJ | Maharashtra | Active | 01 Apr 2025 |
| 38AABCI6495B1ZH | Ladakh | Active | 01 Feb 2023 |
| 18AABCI6495B1ZJ | Assam | Active | 06 Apr 2023 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ideaforge Technology Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Ideaforge Technology Limited
Articles about Ideaforge Technology Limited on our blog
Frequently Asked Questions about Ideaforge Technology Limited
Ideaforge Technology is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in machinery repair and installation or automotive services, within the automobile industry. It was incorporated on 08 February 2007 (19+ years old) and is registered under CIN L31401MH2007PLC167669. Listed on BSE: 543932 and NSE: IDEAFORGE.
Ideaforge Technology reported revenue of ₹226.13 Cr for FY 2025-26 (up 40.3% YoY) based on consolidated financials.
Ideaforge Technology has 8 current directors:
- Rahul Singh - Whole-Time Director
- Ankit Mehta - Whole-Time Director
- Ashish Ramesh Bhat - Whole-Time Director
- Vipul Joshi - Whole-Time Director
- Vikas Balia - Director
- Mathew Cyriac - Nominee Director
- Srikanth Velamakanni - Director
- Sutapa Banerjee - Director
The GSTIN of Ideaforge Technology is 27AABCI6495B1ZK, registered in Maharashtra. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 27AABCI6495B2ZJ (Maharashtra), 38AABCI6495B1ZH (Ladakh), 18AABCI6495B1ZJ (Assam).
The CIN (Corporate Identification Number) of Ideaforge Technology is L31401MH2007PLC167669. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ideaforge Technology is listed on both BSE (code: 543932) and NSE (symbol: IDEAFORGE).
Ideaforge Technology has 13 court cases on record: 9 filed by the company and 2 filed against it. 4 are pending. Most are in the high courts.
Ideaforge Technology was incorporated on 08 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Ideaforge Technology has 78 deals on record (35 market trades, 21 secondary share transfers, 13 funding rounds), with disclosed funding of ₹311.31 Cr; the latest was in July 2026.
The peers of Ideaforge Technology by revenue are Tata Advanced Materials Limited, Paras Defence and Space Technologies Limited, International Aerospace Manufacturing Private Limited, Tata Sikorsky Aerospace Limited, Space Era Materials and Processes Private Limited and 5 more, all in the Aviation industry (Aircraft and Components Manufacturing).
Vipul Joshi was appointed as Whole-Time Director on 06 Sep 2025. Ganapathy Subramaniam ceased to be Nominee Director on 08 Jul 2025. Srikanth Velamakanni was appointed as Director on 14 Dec 2022. Ideaforge Technology has 16 board changes on record in total.
Yes, Ideaforge Technology is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0073969).