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Published on
June 23, 2025
5 min read
Idea Forge Share Price Hits 10% Upper Circuit After Securing Defence Order Despite Q4 Loss
Shares of IdeaForge Technologies hit the 10% upper circuit on Tuesday at INR 631.65 on the BSE, according to Inc42. The surge reflects growing investor confidence in drone-based companies in the stock market, especially those tied to the defense sector.
On the financial side, ideaForge posted its third straight quarterly loss in Q4 FY25, reporting a consolidated net loss of INR 25.7 Cr, a 7% increase from INR 24 Cr in the previous quarter. In contrast, the company had recorded a net profit of INR 10.3 Cr during the same quarter last year. Even with a negative PE ratio of 52.99, the stock continues to trade at four times its book value.
Strong Market Reaction to Defense Order
The latest order is from a government defense agency, underlining the company’s strategic presence in the sector. This has sparked positive momentum for the stock, pushing IdeaForge’s share price up to its highest level in recent weeks. The buying interest was visible across both major exchanges.
According to data, IdeaForge’s NSE price hit the upper circuit limit as trading began, with no sellers in sight for most of the session. Similarly, the IdeaForge’s BSE update showed strong volume support, as investors rushed to get a piece of the action following the announcement.
The company has not disclosed the value of the contract, but it confirmed that the order is a repeat one. This signals continued trust in its technology and delivery capabilities. Repeat orders are often considered a strong indicator of product performance and customer satisfaction.
Rising Demand for Drone Technology in Defense
IdeaForge specializes in developing UAVs for surveillance and mapping purposes. Its drones are widely used by Indian defense forces, police departments, and government agencies. With the growing use of drone technology for national security and border surveillance, companies like IdeaForge are well-positioned for long-term growth.
This latest development comes amid a broader defense sector stock rally. As global and regional security challenges rise, countries are increasing investments in modern defense tools, including drone-based surveillance systems. This trend has placed companies like IdeaForge under the spotlight, especially for investors looking at futuristic defense technology.
Strong Fundamentals and Sector Confidence
ideaForge has shown solid financial performance over the past few quarters. Its focus on innovation, government partnerships, and steady order inflows makes it a key player among drone-based companies in the stock market. Investors are now betting on its ability to maintain this momentum.
Analysts believe that the company’s strong R&D capabilities and early-mover advantage in the drone space give it a unique edge. They also highlight the rising number of government tenders that mention UAVs as a requirement. This could create more opportunities for IdeaForge in the future.
What Lies Ahead for Investors
While the rally in the IdeaForge share price is impressive, experts advise caution due to the recent volatility in the broader market. However, the strong order book and sector tailwinds provide confidence for long-term holders.
As the defense landscape continues to evolve, and new technologies become more critical to national security, companies like IdeaForge are likely to remain in focus. With today’s price jump and the order win, the company has once again reinforced its position as one of the key players in India’s drone industry.
