Ideaforge Drones are ready to fly. "create. inspire"Hello, Everyone I hope you all will be doing well in your life and your investing as well. Here I have brought a stock which is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS). . It looks at bottom near to its IPO price and ready to change trend. Ideaforge is the name of the stock. CMP is 646. Its all time low is 535 and all time high is 1344. Strong support at 550. Strong Resistance at 700 to 740. If it breaks then Upside target as per Fibbo 850, 950, 1050, 1150 and 1350. Just an assumption. Please do you research. Not a suggestion of buying.
Source: Screener.in
Ideaforge Technology Ltd
About
Incorporated in 2007, ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS).
Key Points
Business Profile The company manufactures Unmanned Aircraft Vehicles for Mapping, Security & Surveillance. These drones are capable of a wide range of mining area planning, and mapping applications.
Product Portfolio
A) Hardware- includes UAVs, payloads, batteries, chargers, and communication systems.
B) Software and embedded sub-system- includes GCS software, which enables controlling and management of their UAVs, and autopilot sub-system, which enables remote control and autonomous completion of flights.
C) Solutions- enables industry/application-specific software that enhances the value of their UAVs to the end
customer.
Product Application IdeaForge UAVs help construction and real estate boost their operations. They also assist defense forces in conducting Intelligence, Surveillance, and Reconnaissance (ISR) operations along borders.
Manufacturing Facility Co. manufactures all products in-house from their manufacturing facility at Navi Mumbai, Maharashtra. The manufacturing facility spans 21,000 sq. ft. of licensed premises and has three floors, which include a store area, testing areas, and production lines.
IdeaForge has two main software:
A) BlueFire Live!: It enables secure and live streaming of UAV video feed and allows payload control from a remote command location.
B) BlueFire Touch: is a Ground Control Software (GCS). It is built to plan and command mapping and surveillance missions with the ability to pre-plan missions based on operational area and target locations via waypoint-based navigation.
Market Leader The company is a market leader in the Indian Unmanned Aircraft Systems market with a market share of ~50% in FY22 and ranked #1 in India. It has the largest operational deployment of indigenous UAVs across India, with an ideaForge-manufactured drone taking off every five minutes for surveillance and mapping on average.
Rankings The company has been ranked 5th globally in the dual-use category (civil and defense) drone manufacturers as per the report published by Drone Industry Insights in December 2024.
Operational Metrics
420,000+ - Flights completed by its customers
60,000+ - Flights launched in FY24
66 - Patent Pending + Granted
Extensive Offerings They have a broad range of products with feature-based differentiation such as weight class (approximately 2-7 kg), endurance class (25-120 minutes flying time), take-off altitude range (up to 6,000 meters), communication range (approximately 2-15 km), payload types, etc.
Revenue Bifurcation - Service wise - 9MFY24
Civil - 9%
Defense - 92%
New Product Development
- Development started for the middle mile logistics platform
- Innovative 4G/5G solution for drone communication
- Prototyping of Tactical UAV platform in advance stages
Increase in Workforce
Co. has significantly expanded its Product Development team across all levels to support current and future product roadmap, with 72% increase in team size compared to June 30, 2023
Working Capital Intensive
Operations persist in requiring significant working capital, with inventory levels ranging from 220 to 280 days and debtors ranging from 75 to 125 days. Since the group’s customers include government bodies the Cash Conversion Cycle is expected to remain high.
IPO Details Co. has raised 567 Crs through the IPO and is over-subscribed by 106 times and will get listed on July 10, 2023.
The fresh issue will be utilized for:
A) Repayment of Borrowings
B) Funding working capital requirements,
C) Investment in product development,
D) General corporate purposes.
This is just to boost my confidence. No Suggestions for buying.
Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
