The latest long-term forecast predicts that ideaForge Share Price will reach ₹800 by the end of 2024, and then rise to ₹1000 by the end of 2025. The stock price is expected to continue its upward trend, reaching ₹1250 in 2026, ₹1400 in 2027, ₹1600 in 2028, ₹1800 in 2029, ₹2000 in 2030, ₹3100 in 2035, ₹4200 in 2040 and ₹6200 in 2050. Based on this forecast, it is safe to say that the ideaForge Share price will experience steady growth in the coming years.
ideaForge share price target for 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, and 2050 are available here. Here, we have used, TradingView charts, and technical analysis to forecast the price of ideaForge stock. This price target is added by expert advice and information from other sources.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2024 | ₹640 | ₹857 |
| 2025 | ₹878 | ₹1080 |
| 2026 | ₹1094 | ₹1295 |
| 2027 | ₹1312 | ₹1432 |
| 2028 | ₹1446 | ₹1670 |
| 2029 | ₹1692 | ₹1807 |
| 2030 | ₹1838 | ₹2042 |
| 2035 | ₹2938 | ₹3172 |
| 2040 | ₹3988 | ₹4230 |
| 2050 | ₹6128 | ₹6352 |
Based on the analysis of ideaForge share prices from previous years, it is projected that in 2024, the minimum price of ideaForge shares is expected to be approximately ₹640, while the maximum price could reach around ₹857. On average, the trading price in 2024 is estimated to be ₹756 for ideaForge.
| Year | ideaForge Share Price Target |
|---|---|
| 2024 | ₹640 to ₹857 |
Based on technical analysis by stock experts, ideaForge share is projected to have minimum and maximum prices of approximately ₹878 and ₹1080, respectively, in 2025. The average expected trading cost is estimated to be around ₹985.
| Year | ideaForge Share Price Target |
|---|---|
| 2025 | ₹878 to ₹1080 |
The stock experts have carefully analyzed the price fluctuations of ideaForge shares over the past years. Based on their analysis, it is projected that in 2026, the minimum price of ideaForge could potentially drop to ₹1094, while its maximum price may reach ₹1295. On average, the estimated trading cost is expected to be around ₹1198.
| Year | ideaForge Share Price Target |
|---|---|
| 2026 | ₹1094 to ₹1295 |
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Based on the analysis of stock experts, the projected range for ideaForge share prices in 2027 is between ₹1312 and ₹1432. The average trading price is estimated to be around ₹1368.
| Year | ideaForge Share Price Target |
|---|---|
| 2027 | ₹1312 to ₹1432 |
Based on the analysis conducted by stock experts, the expected average price of ideaForge shares is projected to be approximately ₹1588. While there is a possibility of it dropping to a minimum of ₹1446, there is also a chance for it to reach ₹1670 by the year 2028 potentially.
| Year | ideaForge Share Price Target |
|---|---|
| 2028 | ₹1446 to ₹1670 |
Stock experts have made predictions for the price of ideaForge share in the upcoming year. According to these forecasts, ideaForge’s share is projected to be traded within the range of ₹1692 and ₹1807 in 2029. The average cost of ideaForge shares is anticipated to be approximately ₹1773 throughout the year.
| Year | ideaForge Share Price Target |
|---|---|
| 2029 | ₹1692 to ₹1807 |
Stock analysts have revealed their estimations for ideaForge share price in the year 2030. The maximum expected ideaForge share price is projected to reach ₹2042, while there is a possibility of a drop to around ₹1838. As a result, the anticipated average trading price is estimated to be ₹1977.
| Year | ideaForge Share Price Target |
|---|---|
| 2030 | ₹1838 to ₹2042 |
Based on analysis by stock experts, the estimated average price of ideaForge shares is projected to be around ₹3021. Although there is a possibility of a minimum drop to ₹2938, there is also potential for it to reach as high as ₹3172 throughout 2035.
| Year | ideaForge Share Price Target |
|---|---|
| 2035 | ₹2938 to ₹3172 |
After extensive analysis of the ideaForge share price, stock experts have now released their ideaForge share cost estimation for 2040. It is predicted that the ideaForge share will be traded at a minimum of ₹3988, with the possibility of reaching a maximum peak of ₹4230. As a result, it is expected that the average ideaForge share price in 2040 will be around ₹4125.
| Year | ideaForge Share Price Target |
|---|---|
| 2040 | ₹3988 to ₹4230 |
Stock analysts have made their estimations for ideaForge share price, revealing exciting insights for the year 2050. The projected maximum price for ideaForge shares is expected to reach ₹6352, while there is a possibility that it may experience a slight decline to around ₹6128. As a result, the anticipated average trading price for ideaForge shares in 2050 is estimated to be ₹6265.
| Year | ideaForge Share Price Target |
|---|---|
| 2050 | ₹6128 to ₹6352 |
Is ideaForge a good stock to Buy?
ideaForge Technology Limited (NSE: IDEAFORGE) has seen its stock price decline by about 30% in the past year, currently trading around ₹690-705. Its 52-week range is ₹618.80 to ₹1,045. The company shows strong revenue growth with a projected rate of 27.9% annually, but its high P/E ratio of over 100 indicates that the stock is expensive relative to its earnings.
While ideaForge operates in a growing industry (drones for security and surveillance), the high valuation and past volatility suggest the stock may be overvalued. It could be a good long-term investment for risk-tolerant investors, but short-term caution is advised due to mixed investor sentiment and limited analyst coverage.
Is ideaForge overvalued or Undervalued?
Tata Power is currently Overvalued. The intrinsic value of one Tata Power share is estimated to be ₹641.54, while the current market price is ₹705.20, making it overvalued by 10%.
Is ideaForge profitable?
As of 2024, IdeaForge has remained profitable but experienced fluctuating performance. For the fiscal year ending in March 2024, the company reported strong results with a net profit of ₹45.2 crore, reflecting a 41.3% growth year-on-year. This came alongside a 68.8% rise in revenue, driven by increased drone sales.
However, in the first quarter of FY25 (April–June 2024), IdeaForge’s profits dropped by 89% to ₹1.1 crore due to a decline in drone sales, despite maintaining profitability.
So, while the company is profitable overall, its recent financial performance has seen significant volatility.
The recent decline in ideaForge’s stock price can be attributed to a combination of factors, primarily the company’s weaker-than-expected financial performance in Q1 FY25. The company reported a sharp 94% drop in net profit, which fell to ₹1.17 crore compared to ₹18.87 crore in the same quarter the previous year. Revenue also declined by 11.2% year-over-year, and EBITDA plummeted by 73.6%. The increase in raw material costs, which surged by 321%, further strained the company’s profitability.
Additionally, after its strong debut on the stock market in 2023, where its share price more than doubled, the stock has faced significant profit booking and correction, leading to a more than 30% drop over the past few months. Analysts suggest that the stock may continue to face pressure until further positive developments or financial improvements are seen.
Is ideaForge a defence stock?
Yes, ideaForge Technology Limited is considered a defense stock. The company specializes in the design, development, and manufacturing of unmanned aerial vehicles (UAVs), commonly known as drones, for security, surveillance, and defense applications.
It plays a significant role in the Indian drone market, which has been growing rapidly due to increased government support and initiatives aimed at boosting domestic manufacturing of drones and related technologies. The company’s products have both defense and civilian applications, including military surveillance and mapping.
ideaForge’s stock is listed on the National Stock Exchange of India (NSE) under the ticker symbol IDEAFORGE, and its performance is tracked as part of the aerospace and defense sector.
Is ideaForge a startup?
Yes, ideaForge began as a startup and has since grown into one of India’s leading drone manufacturers. It was founded in 2007 by graduates of IIT Bombay and initially incubated there. Over time, ideaForge established itself as a key player in the unmanned aircraft systems (UAS) market, developing cutting-edge drone technology for industries like defense, security, agriculture, and mapping.
Despite starting as a typical tech startup, ideaForge has evolved significantly. It launched a successful IPO in 2023, becoming a unicorn, which solidified its status as a leader in the drone industry. It remains a prominent example of how startups can grow through persistence and innovation.
FAQs
ideaForge currently holds a Sell consensus rating. This rating is based on the evaluation of 2 strong buy ratings, 3 buy ratings, 1 hold rating, 8 sell ratings, and 4 strong sell ratings.
Based on current market trends, it is predicted that ideaForge shares will be traded within the range of ₹1692 and ₹1807 in the next 5 years.
Based on current market trends, it is predicted that ideaForge shares will be traded within the range of ₹2938 and ₹3172 in the next 10 years.
The current price of the ideaForge share is ₹705. Based on current market trends, in the future, we may expect the price of one ideaForge share to be ₹1807 in 5 years and ₹3172 in 10 years.
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