GMP IPO
📋 Filings Intelligence
About Contact
LIVE — Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

—
Filed today
—
Companies tracked
NSE & BSE
Listed on
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings —

📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Ideaforge Technology Ltd

IdeaForge Technology Assigned IND BBB; Stable Outlook by India Ratings

RATING ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 05 Jun 2026, 11:13 AM IST  ·  BSE ID: 790f626a-e663-4072-a369-b11e8f58326f
View Original BSE Filing (PDF)
💡
In Simple Terms
A major credit rating agency has given IdeaForge Technology a stable 'BBB' rating, recognizing its strong order book and defence business growth.
🤖 AI Summary
  • India Ratings assigned IdeaForge Technology 'IND BBB/Stable' corporate credit rating.
  • FY26 order booking reached INR5,300 million; orderbook stood at INR3,142 million.
  • Gross profit in FY26 was INR950 million (margin 68%); positive EBITDA of INR48 million.
  • Defence segment constituted 69% of FY26 revenue; recovery expected FY27 onwards.
  • Rating strengths include niche business, R&D, healthy order book, and domestic opportunities.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Corporate Credit Rating
IND BBB/Stable
FY26 Order Booking
around INR5,300 million
FY26 Orderbook
around INR3,142 million
FY26 Gross Profit
around INR950 million
FY26 Gross Profit Margin
around 68%
FY26 EBITDA
around INR48 million
FY26 PAT
around INR600 million
FY26 Defence Revenue Share
69%
🏢 How This Affects the Company
📈
Business Impact
The rating reflects strengthened demand visibility in the defence UAV market and ITL's expanding presence in this segment, which comprised 69% of FY26 revenue.
💰
Financial Impact
Gross profit was INR950 million with a 68% margin in FY26, and a positive EBITDA of INR48 million was recorded, with profitability strengthening in 4QFY26.
⚙️
Operational Impact
Execution improved in 4QFY26 with 40% of open orders delivered, including specialized EW-resilient systems, despite supply constraints.
⚠️
Risk Impact
While strengths are noted, the company's performance remains constrained by working capital intensity, cash flow volatility, supply chain risks, and reliance on government orders.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this credit rating announcement.
👤
Who Is Affected
All shareholders are indirectly affected as a stable credit rating can enhance the company's borrowing capacity and financial flexibility.
🔍
Management Signal
Management signals confidence in sustained operational improvements and market positioning within the defence sector.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q1 FY27 results announcement for revenue and profit trends.
Updates on order execution and new defence contracts.
Management commentary on working capital cycle improvements.
MEDIUM RISK Reliance on government orders and supply chain vulnerabilities present ongoing risks.
💡 Investor Takeaway
India Ratings assigned 'IND BBB/Stable' to IdeaForge Technology, citing INR5,300 million order booking in FY26 and improving operating performance, with defence revenue at 69% of FY26.
⚖️ Strengths & Concerns

✅ Positives

  • Niche defence UAV business segment supported by improving demand and government indigenisation push.
  • Healthy FY26 order booking of INR5,300 million provides revenue visibility for FY27.

⚠️ Concerns

  • Elongated working capital cycle and cash flow volatility remain key constraints for the company.
  • Heavy reliance on defence budget and supply chain vulnerabilities, including geopolitical disruptions.
📅 Company Track Record
In May 2026, CRISIL revised IdeaForge Technology's credit rating outlook to BBB/Stable from Negative, indicating a prior positive trend in credit assessment.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is IdeaForge Technology's corporate credit rating by India Ratings?
India Ratings and Research has assigned IdeaForge Technology Limited an 'IND BBB/Stable' rating.
What was IdeaForge Technology's order booking in FY26?
IdeaForge Technology recorded its highest-ever order booking of around INR5,300 million in FY26.
What was IdeaForge Technology's gross profit in FY26?
The gross profit for IdeaForge Technology in FY26 was around INR950 million, with a margin of around 68%.
What percentage of IdeaForge Technology's FY26 revenue came from the defence segment?
The defence segment constituted 69% of IdeaForge Technology's revenue in FY26.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector — takes 5 seconds.