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ideaForge Technology (IDEAFORGE)

Defence & Aerospace · NSE · end-of-day 2026-10-19

₹704.95

Day change

-3.50%

1-year

+42.6%

From 52-week high

-26.9%

Weinstein stage

Stage 1

Minervini template

5/8

IdeaForge Technology closed at ₹704.95 on 2026-10-19, up 43% over the past year, 27% below its 52-week high. It meets 5 of 8 conditions of Minervini's trend template; Weinstein's stage analysis reads stage 1 - basing; on earnings, it passes 2 of 2 SEPA checks. Over the year its annualised volatility was about 57%, with a largest fall of 31% from a peak.

About ideaForge Technology

ideaForge Technology Limited designs and manufactures unmanned aerial vehicles (UAVs) and drone solutions for defense, homeland security, mapping, mining, and industrial applications. The company is a pioneer in India's indigenous drone ecosystem with strong technology capabilities. Growing adoption of drones across commercial and defense sectors continues to expand demand. Investments in AI-enabled autonomous systems support future innovation. Export opportunities provide additional long-term growth potential.

Price, RSI and MACD

6M1Y2Y3Y

Price · +52.6% over the period

RSI (14) · 44.4

MACD (12, 26, 9) · histogram +4.13

Price · +47.6% over the period

RSI (14) · 44.4

MACD (12, 26, 9) · histogram +4.13

Price · +3.2% over the period

RSI (14) · 44.4

MACD (12, 26, 9) · histogram +4.13

Price · -23.2% over the period

RSI (14) · 44.4

MACD (12, 26, 9) · histogram +4.13

Price: daily close adjusted for splits and bonuses, dashed line the 150-day moving average. MACD: green line, orange dashed signal, bars the histogram. Longer periods are drawn from every second or third session.

Fundamentals

Market cap	Sales (TTM)	Net profit (TTM)	P/E	EPS (TTM)	P/B	ROE	ROE previous year	Debt / equity	Beta
₹3,059 cr	₹295 cr	₹-20 cr	—	-4.52	5.11	0.5%	-1.9%	0.12	1.21

Quarterly results

Quarter	Sales ₹ cr	Net profit ₹ cr	EPS	EPS YoY	Sales YoY	Net margin
Jun 2026	69	-3	-0.59	—	+436.7%	-3.8%
Mar 2026	141	60	13.72	turnaround	+594.4%	42.5%
Dec 2025	32	-34	-7.75	—	+79.1%	-107.3%
Sep 2025	54	-43	-9.90	—	+44.3%	-80.6%
Jun 2025	13	-24	-5.40	-2100.0%	-85.2%	-184.3%
Mar 2025	20	-26	-5.92	-346.7%	-80.2%	-126.6%
Dec 2024	18	-24	-5.56	-259.3%	-80.6%	-136.4%
Sep 2024	37	-14	-3.18	-1614.3%	+56.4%	-37.0%

Consolidated · EPS restated onto today's share count after splits and bonuses · net profit as filed.

Minervini SEPA — earnings checks 2 of 2 pass

Check	Result
Latest quarter EPS up 25%+ on a year ago	— Not assessable
EPS growth accelerating over 3 quarters	— Not assessable
Sales up 25%+, or sales growth accelerating	✓ Pass
Annual EPS up 25%+ in each of the last 2 years	— Not assessable
Net margin above the same quarter last year	✓ Pass

Investor methods

Method	Checks	Score	Verdict
Minervini	✗ Close above the 150- and 200-day averages ✓ 150-day above 200-day ✓ 200-day rising for a month ✓ 50-day above the 150- and 200-day ✗ Close above the 50-day ✓ At least 25% above the 52-week low · low 371.75 ✗ Within 25% of the 52-week high · high 964.90 ✓ RS percentile 70 or more · RS 81 Trend template - the gate, measured: a modest 21-day edge.	5/8	5 of 8
Weinstein	Stan Weinstein's stage analysis on the 30-week moving average.		Stage 1 - basing
CAN SLIM	— C latest quarter EPS up 25%+ — A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held ✗ N within 15% of the 52-week high · high 964.90 ✗ S more volume on up days than down days (50 sessions) · 0.65x ✓ L RS percentile 80 or more · RS 81 — I institutional sponsorship rising · shareholding not collected yet ✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45% William O'Neil's growth-leader checklist.	2/4	Average
Darvas	✓ Box top confirmed (3 sessions below the new high) · top 992.25 ✓ Box bottom confirmed (3 sessions holding) · bottom 649.15 ✗ Close above the box top · close 704.95 ✗ Volume at least 1.5x its 50-day average · 0.3x Nicolas Darvas's box: buy the breakout above a confirmed box after a new high.	37/100	In box
Turtle	✗ Close above the prior 55-session high · 946.95 ✗ Close above the prior 20-session high · 775.95 ✗ Close below the prior 20-session low · 649.15 Donchian channel breakout - the Turtle traders' entry.		No signal
Graham	Needs positive earnings and book value.		Not assessable

Each method's own rules applied to this stock - information, not a buy or sell signal. All were tested on 2024-26 data; only the Minervini trend template showed a consistent edge.

Defence & Aerospace sector — top 10 by 1-year return

Stock	1M %	3M %	6M %	1Y %	3Y %	5Y %	P/E	P/B	ROE %	ROCE %	ROA %	D/E	EV/EBITDA	₹ Cr	Sales TTM ₹ Cr	Profit TTM ₹ Cr	EPS	Beta
IDEAFORGE this stock	-3.4	-17.8	+52.6	+49.3	-11.2	—	—	5.11	0.5	—	—	0.12	—	3,059	295	-20	-4.5	1.21
SWANDEF	+6.7	+29.6	+59.6	+338.7	—	—	—	6.83	-123.7	-7.8	—	0.51	—	15,439	—	—	-45.0	—
MTARTECH	-0.3	+25.0	+45.2	+213.6	+172.5	+323.4	165.4	26.84	12.1	14.8	—	0.45	115.8	22,079	1,080	133	43.4	1.29
ROSSTECH	+7.3	+50.6	+58.0	+124.1	—	—	216.2	35.89	15.2	11.3	—	2.64	91.5	5,558	552	26	6.8	1.62
PARAS	-7.8	+4.8	+61.9	+79.3	+240.5	+181.0	107.9	14.05	12.9	17.3	—	0.04	75.1	10,194	511	96	11.7	1.37
UNIMECH	+5.6	+31.8	+76.2	+77.0	—	—	118.6	11.59	9.0	12.1	—	0.15	75.2	8,543	285	72	14.2	1.23
ASTRAMICRO	-0.9	-7.6	+51.9	+49.6	+229.8	+697.2	81.2	11.68	16.0	19.8	—	0.22	44.1	15,355	1,140	189	19.9	0.82
DATAPATTNS	-10.2	+1.5	+16.9	+44.4	+96.8	—	77.3	13.07	16.7	23.2	—	0.00	57.0	22,690	1,041	293	52.4	0.98
SOLARINDS	+6.7	+4.1	+32.8	+40.9	+280.4	+629.4	90.0	28.55	31.5	37.0	—	0.23	66.2	1.79L	11,352	2,051	220.1	0.83
AXISCADES	+15.8	+32.4	+13.0	+38.2	+300.1	+2363.8	245.2	12.27	10.4	15.6	—	0.38	49.0	8,924	1,099	36	8.6	0.87
ZENTEC	-3.6	-7.0	-1.0	+18.2	+129.1	+610.3	81.2	7.78	10.8	16.5	—	0.00	44.6	14,694	671	197	20.0	0.95

A blank in a return column means the stock is younger than that window. P/B and ROE come from each company's own filings where held.

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Prices as of 2026-10-19, end of day, from NSE. Fundamentals from each company's own exchange filings (XBRL), EPS restated for splits and bonuses. Figures may be delayed and are for information only.

For research & education only — not investment advice. The methods, checks and verdicts are automated rules applied to public data, not buy/sell recommendations. StockLearn is an independent product of ClusterMicro Technologies, not affiliated with or endorsed by the NSE or any exchange. ClusterMicro Technologies is not a SEBI-registered investment adviser. Consult a SEBI-registered adviser before investing.

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