From Forgotten Drone Stock To Defence Favourite

For a long time, the market had almost written off ideaForge. After the initial excitement around India’s drone story faded, the stock struggled with weak earnings, delayed orders and concerns over whether the company could scale up in a highly competitive defence market. Investor confidence slipped sharply as quarterly numbers remained under pressure and the stock corrected heavily from its listing highs. But the story has started changing rapidly. The company has begun receiving a steady flow of defence and surveillance orders at a time when drones are becoming a critical part of modern warfare and border security. India’s increasing focus on indigenous defence manufacturing and surveillance capabilities has also worked strongly in ideaForge’s favour. The turnaround became visible after the company reported a sharp jump in revenue and profitability in recent quarters. ideaForge posted record order inflows during FY26, supported by demand from the armed forces, security agencies and government-linked projects. The company is also expanding into combat drones, loitering munitions and advanced surveillance systems. Apart from India, ideaForge has also started building an international presence. The company recently secured orders in the United States for drone-based security solutions, showing that Indian drone technology is beginning to gain global acceptance. The market now sees ideaForge differently. What was once viewed as an overhyped IPO is increasingly being seen as a serious defence technology player positioned at the centre of India’s growing drone ecosystem. Rising geopolitical tensions, higher defence spending and the growing use of unmanned systems in warfare are further strengthening the long-term opportunity for the company. going ahead strongly.