In this article we will learn about Idea Forge share price target 2030, Idea Forge share price target 2025, Idea Forge share price target 2028, etc. This will be done through analyzing fundamental as well as technical analysis of the company as well as its technical price action.
About Idea Forge
Before we learn about Idea Forge share price target 2030, let us learn about the company. Idea Forge Technology Limited, popularly known as Idea Forge, is in the manufacturing business of UAS(Unmanned Aircraft Systems). The company was established in the year 2007 and has grown by leaps and bounds in its sector. The Unmanned Aerial Vehicles manufactured by the company take off every 5 minutes across the world and are used for surveillance & mapping purposes. They are used for both civil as well as defense purposes.
The main competitors of Idea Forge are MTAR Technologies, Paras Defence, Skipper, Thejo Engg, etc.
Table of Contents
Idea Forge – Fundamental Analysis
The revenue earned by Idea Forge for the financial year 2023 is Rs 186 cr as compared to Rs 159 cr in the year 2022. This is a growth of 15% over the previous financial year. The expenses though have increased by 38% during the same period.
| Mar-20 | Mar-21 | Mar-22 | Mar-23 | |
| Revenue (in cr) | 14 | 35 | 159 | 186 |
| Expenses (in cr) | 26 | 45 | 85 | 138 |
| Operating profit (in cr) | -12 | -11 | 75 | 48 |
| PBT(in cr) | -13 | -14 | 50 | 41 |
| Net Profit (in cr) | -13 | -15 | 44 | 32 |
| Tax | 0% | -1% | 12% | 22% |
The net profit has taken a dip by 38% in this duration. The company is almost debt-free and this is a positive sign. The compounded profit growth for the last 3 years is 62% and the compounded sales growth is 137%. The market cap of Idea Forge is Rs 3430 cr at the current market price of Rs 823 and the book value is Rs 152. The ROCE and ROE delivered by the company are 14.7% & 12.5% respectively.
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Technical Analysis – Idea Forge share price chart
The shares of Idea Forge were listed on the Indian exchanges, NSE and BSE, on 7th July 2023. The listing price of Idea Forge took place at Rs 1300 over the IPO offer price band of Rs 638-672. The listing took place at a 94% premium. Post the listing the profit booking took place and the shares slid down.
The price is consolidating near the price band of Rs 758 to Rs 853. Once the price moves above Rs 853, the next resistance is at the level of Rs 888.8. Post this level, the next resistance is Rs 1069. Readers are advised to invest prudently as this isn’t a piece of investment advice.
Idea Forge share price target
The bar chart shows the share price target of Idea Forge for the next 5 years.
Idea Forge share price target 2025 may be Rs 1120 and for the year 2030 is Rs 2125. The share price target for Idea Forge for the year 2028 is Rs 1570.
Idea Forge share price history
The table below contains the data of Idea Forge share price on a monthly time frame. The opening, high, closing, and low of Idea Forge share price every month are shared here for the readers to analyze.
| Date | OPEN | HIGH | LOW | CLOSE |
| 01-Dec-23 | 792 | 795.6 | 781.1 | 784.9 |
| 30-Nov-23 | 795 | 803.6 | 780.5 | 782.45 |
| 01-Nov-23 | 802.05 | 820.85 | 782 | 784.85 |
| 31-Oct-23 | 797.9 | 808.95 | 790.65 | 799.3 |
| 03-Oct-23 | 899.35 | 900.95 | 860 | 862.6 |
| 29-Sep-23 | 904 | 916.1 | 895.35 | 898.5 |
| 01-Sep-23 | 998.7 | 998.7 | 982 | 984.8 |
| 31-Aug-23 | 1,000.00 | 1,009.25 | 982.55 | 991.2 |
| 01-Aug-23 | 1,151.00 | 1,169.40 | 1,116.00 | 1,154.50 |
| 31-Jul-23 | 1,153.90 | 1,160.00 | 1,139.00 | 1,141.65 |
| 07-Jul-23 | 1,300.00 | 1,343.95 | 1,260.00 | 1,294.95 |
The data is too little for anyone to conclude anything from it as the shares were listed on the exchanges only in July 2023.
Idea Forge shareholding pattern
The promoters hold a 30% stake in Idea Forge and the public shareholding in the company is approximately 57%. FIIs and DIIs hold 2.76% & 10.15% stake in the company respectively.
Idea Forge shareholding pattern pie-chart.
What is Idea Forge share price target 2025?
Idea Forge share price target 2025 may be Rs 1120.
What is Idea Forge share price target 2030?
Idea Forge share price target 2030 may be Rs 2125.
What is Idea Forge share price history?
The shares of Idea Forge were listed on the NSE and BSE on 7th July 2023. There is only 5 months share price history of Idea Forge and the same is discussed in this blog.
Where can we check Idea Forge share price NSE live?
Idea Forge share price NSE live can be checked on websites like moneycontrol, tradingview, nseindia, etc.
What is Idea Forge share price target tomorrow?
Idea Forge share price target tomorrow can be speculated by analyzing candlestick patterns in the technical chart, news related to sector, etc.
Conclusion
The blog is based on our decade-long experience in the share market and our limited knowledge. This is in no way an investment advice to readers. Investors are advised to speak to their financial advisors before making any decision of investment in Idea Forge. Also, the investments are subject to market risks and one should not be carried away with this article. We are not SEBI-registered analysts. This article is purely for educational purposes. Readers who wish to learn more may check the links below:
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