Ideaforge Technology Ltd: Why Is It Outperforming Nifty 500?

Ideaforge Technology Ltd's latest quarterly results (Mar 2026) show

• PAT Growth YoY: +330.8% (turning around (inflection up))
• Revenue Growth YoY: +605.0%
• Operating Margin: 44.0% (volatile)

Ideaforge Technology Ltd's profit is growing with an turning around (inflection up) trend.

• PAT Growth YoY: +330.8% (latest quarter)
• PAT Growth QoQ: +276.5% (sequential)
• 3-Year PAT CAGR: +40.6%
• Trend: Turning around (inflection up) — consistent growth pattern

Ideaforge Technology Ltd's revenue growth trend is turning around (inflection up).

• Revenue Growth YoY: +605.0%
• Revenue Growth QoQ: +340.6% (sequential)
• 3-Year Revenue CAGR: +6.7%

Ideaforge Technology Ltd's operating margin is volatile.

• Current OPM: 44.0%
• OPM Change YoY: +152.0% basis points
• OPM Change QoQ: +128.0% basis points

Ideaforge Technology Ltd's long-term compounding rates

• 3-Year Profit CAGR: +40.6%
• 3-Year Revenue CAGR: +6.7%

Ideaforge Technology Ltd's earnings growth is turning around (inflection up) with mixed signals on a sequential basis.

• YoY Acceleration: +141.7% bps
• Sequential Acceleration: +100.0% bps

Ideaforge Technology Ltd's trailing twelve month (TTM) performance

• TTM PAT: ₹-18 Cr
• TTM PAT Growth: +71.4% YoY
• TTM Revenue: ₹227 Cr
• TTM Revenue Growth: +41.0% YoY
• TTM Operating Margin: 1.9%

Ideaforge Technology Ltd appears significantly overvalued based on our fair value analysis.

• Valuation Signal: Significantly Overvalued
• Price-to-Book: 5.9x

Ideaforge Technology Ltd's price-to-book ratio is 5.9x.

• Price-to-Book (P/B): 5.9x
• Book Value per Share: ₹138
• Current Price: ₹814

Ideaforge Technology Ltd is rated Average with a fundamental score of 47/100. This score is calculated from objective financial metrics

• Revenue Growth YoY: +605.0% (10% weight)
• PAT Growth YoY: +330.8% (10% weight)
• PAT Growth QoQ: +276.5% (10% weight)
• Margins stable (10% weight)

Ideaforge Technology Ltd has a debt-to-equity ratio of N/A.

• Total Debt: ₹84 Cr

Ideaforge Technology Ltd's return ratios over recent years

• FY2024: ROCE 11.0%
• FY2025: ROCE -10.0%
• FY2026: ROCE -2.0%

Ideaforge Technology Ltd's operating cash flow is negative (FY2026).

• Cash from Operations (CFO): ₹-63 Cr
• Free Cash Flow (FCF): ₹-48 Cr

Ideaforge Technology Ltd currently does not pay a significant dividend (yield 0.00%).

• Dividend Yield: 0.00%
• Current Price: ₹814

Ideaforge Technology Ltd's shareholding pattern (Mar 2026)

• Promoters: 33.3%
• FII (Foreign): 0.7%
• DII (Domestic): 1.5%
• Public: 64.5%

Ideaforge Technology Ltd's promoter holding has decreased recently.

• Current Promoter Holding: 33.3% (Mar 2026)
• Previous Quarter: 33.4% (Dec 2025)
• Change: -0.01% (decreasing — worth monitoring)

Ideaforge Technology Ltd has been outperforming Nifty 500 for 2 consecutive weeks, indicating early-stage outperformance.

Ideaforge Technology Ltd is an established outperformer with 2 weeks of consecutive Nifty 500 outperformance.

Based on quantitative research signals, here is why Ideaforge Technology Ltd may be worth studying

• Earnings growing at +330.8% YoY

Ideaforge Technology Ltd investment thesis summary:

Ideaforge Technology Ltd's forward outlook based on current data signals

• Earnings Trend: turning around (inflection up)
• Revenue Trend: turning around (inflection up)
• Margin Trend: volatile
• Valuation: Significantly Overvalued