Ideaforge Technology Ltd.

Financial

	Ideaforge Technology	Bharat Dynamics	MTAR Technologies
Operational Metrics
Unclassified
Order Book as a % of Sales	29.4 %	820.35 %	146.72 %
Financials
5 yr Average ROE	-0.11 %	14.89 %	12.05 %
5yr average Equity Multiplier	1.44	2.4	1.47
5yr Average Asset Turnover Ratio	0.4	0.36	0.52
5yr Avg Net Profit Margin	-15.79 %	17.69 %	15.99 %
Price to Book	2.48	14.02	6.26
P/E	0.0	92.5	99.52
5yr Avg Cash Conversion Cycle	142.58 Days	71.04 Days	167.46 Days
Inventory Days	162.93 Days	149.13 Days	158.76 Days
Days Receivable	59.38 Days	38.13 Days	111.56 Days
Days Payable	51.42 Days	123.52 Days	149.29 Days
5yr Average Interest Coverage Ratio	-0.44	93.8	9.82
5yr Avg ROCE	6.53 %	14.17 %	17.04 %
5yr Avg Operating Profit Margin	-5.68 %	21.47 %	27.28 %
5 yr average Debt to Equity	0.25	0.0	0.17
5yr CAGR Net Profit	n/a	2.75 %	12.37 %
5yr Average Return on Assets	0.78 %	6.32 %	8.11 %
Shareholdings
Promoter Holding	29.17 %	74.93 %	31.77 %
Share Pledged by Promoters	0.0	0.0	10.36 %
Change in Promoter Holding (3 Yrs)	-1.02 %	0.0	-18.49 %
Change in Mutual Fund Holding (3 Yrs)	-6.14 %	-4.02 %	-1.82 %

Business

	Ideaforge Technology	Bharat Dynamics	MTAR Technologies
Product Wise Break-Up	Product Wise Break-Up Unmanned aerial vehicles (UAVs) 93.39 Spare items 1.25 Maintenance services 0.95 Training services 0 Defense 0 Parts for Aircraft/Spacecraft 0 Others 4.41	Product Wise Break-Up Unmanned aerial vehicles (UAVs) 0 Maintenance services 0 Defence 100.0 Spare items 0 Parts for Aircraft/Spacecraft 0 Training services 0	Product Wise Break-Up Unmanned aerial vehicles (UAVs) 0 Maintenance services 0 Defense 0 Spare items 0 Aerospace & Defense 100.0 Training services 0
Location Wise Break-Up	Location Wise Break-Up India 99.14 Others 0.86	Location Wise Break-Up India 96.0 Others 4.0	Location Wise Break-Up India 0 Others 100
Customer Wise Break-Up	Customer Wise Break-Up Civil 95.0 Defence 5.0 Channel Partner (For Exports) 0 Govt of India (Defence) 0	Customer Wise Break-Up Channel Partner 6.87 Civil 0 Government 80.66 Defence 0 Others 12.47	-
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise India 100.0	-	Asset Break-Up - Geography Wise India 100.0