Strengths of IdeaForge Technology Market leadership: IdeaF | CapitalVia - Stocks | Nifty | Sensex | Commodity | NSE | BSE

Strengths of IdeaForge Technology

Market leadership: IdeaForge
Technology is the market leader in the Indian drone industry with more than 50 per cent market share.

First-mover advantage: It was among the first few Indian companies to enter the UAV market.

Strong relationships with a diverse customer base: In the last five years, the company generated around 98 per cent of its revenue from repeat customers. As of May 2023, it had a diverse customer base of 265 customers from the defence and civil space.

Weaknesses of IdeaForge Technology

In FY23, approximately 96 per cent of its orders were from the government. Thus, it is highly vulnerable to adverse regulatory changes.

Due to a lengthy working capital cycle (301 days in FY23), it has high working capital requirements.

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