₹671.5
-1.83% today
· 30d +0.24%
as of 2026-11-09
Price · Daily Candles
“IDEAFORGE rides 600% quarterly revenue surge, but mounting free cash flow concerns persist.”
IDEAFORGE Technologies saw a significant Q4 2026 revenue jump of 594.45% YoY to ₹141 Cr, driving a 3-month share price return of 111.69%. However, the company remains free cash flow negative at -₹152 Cr, representing -4.08% of its market cap, and reported an annual net loss of -₹17 Cr for FY26.
BULL CASE
+Q4 2026 revenue exhibited explosive growth, up 594.45% YoY to ₹141 Cr.
+Operating Profit Margin for Q4 2026 rose by 118.71% YoY, reaching a robust 48.31%.
+Share price has delivered strong returns, up 111.69% over the last 3 months and 35.71% over the past year.
+FIIs increased their stake by 0.53% QoQ, holding 0.73% as of March 2026.
BEAR CASE
−IDEAFORGE reported an annual net loss of -₹17 Cr for FY26, following a negative EPS of -₹3.94 (TTM).
−The company's P/B ratio stands at 6.18, higher than sector peers like NETWEB (144.03 PE, no PB given) and EBGNG (56.71 PE, no PB given) making valuation look extended.
−Free Cash Flow is negative at -₹152 Cr, representing a significant -4.08% of its market cap.
−Despite positive quarterly growth, ML predictions for 1-year free cash flow growth are weak for rolling 4-year (-0.34) and stable 7-year (-0.2437) outlooks.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-09-30
REVENUE
₹91 Cr
+123.95% YoY
NET PROFIT
₹6 Cr
OPM
23.81%
+41.95pp YoY
EPS
₹1.3
Intrinsic value · DCF: N/A — Company is currently free-cash-flow negative (-5.2% of mktcap). DCF assumes a going concern generating positive cash flow; a meaningful intrinsic value can only be computed once FCF turns positive. Use the Strategy Fit and ML sections instead.
◇ Sector Position
IDEAFORGE's negative ROCE of -2.0% significantly lags peers like NETWEB (31.39%) and EBGNG (41.27%), highlighting a challenges in capital efficiency within the Computer Hardware sector.
PEERPEROCE %
IDEAFORGE97.11-2.0
ML Forward Growth Predictions 🔒
48
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
STRONG
90
Valuation
STRETCHED
20
Growth
STEADY
67
Profitability
AVERAGE
40
Technicals
WEAK
40
Risk
ELEVATED
30
Key Stats
P/B
6.18
52W HIGH
₹992.25
OFF HIGH
-32.33%
MKT CAP
₹2914 Cr
◉ Active Signals
MACDNeutral3.032
RSI(14)Neutral46.2
Street Consensus
2 analysts₹1031.0
mean target
Low ₹875.0Now ₹671.5High ₹1187.0
⧉ Strategy Fit 🔒