IKIO Lighting Ltd - Stock Valuation and Financial Performance

BSE: 543923 | NSE: IKIO | Electronics - Components | Small Cap

IKIO Lighting Share Price

318.50 12.50 4.08%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on IKIO Lighting

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

IKIO Lighting stock performance -

mw4me loader
P/E Ratio (SA):
85.83
Market Cap:
2,461.4 Cr.
52-wk low:
245.5
52-wk high:
437.7

Is IKIO Lighting Ltd an attractive stock to invest in?

1. Is IKIO Lighting Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that IKIO Lighting Ltd is a average quality company.

2. Is IKIO Lighting Ltd undervalued or overvalued?

The key valuation ratios of IKIO Lighting Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is IKIO Lighting Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of IKIO Lighting Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of IKIO Lighting:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
IKIO Lighting Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 49.1%47.1%38.3%26.2%-
Value Creation
Index
2.52.41.70.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 141160220241241
Sales YoY Gr.-13.5%37.7%9.8%-
Adj EPS 2.53.24.23.83.7
YoY Gr.-28.6%34.3%-10.9%-
BVPS (₹) 4.37.411.815.662.1
Adj Net
Profit
1620.527.524.529
Cash Flow from Ops. 13.2-0.1-5.353.1-
Debt/CF from Ops. 0.6-101.2-30.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA19.7%9.8%
Adj EPS NANA15.5%-10.9%
BVPSNANA54.1%32.3%
Share Price - - - -23.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
57.753.944.127.69.6
Op. Profit
Mgn %
18.719.118.316.111.9
Net Profit
Mgn %
11.312.812.510.211.9
Debt to
Equity
0.30.10.20.20
Working Cap
Days
0100126161243
Cash Conv.
Cycle
0347579221

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.72%

Net Profit is growing at healthy rate in last 3 years 15.45%

Return on Equity has declined versus last 3 years average to 9.60%

Sales growth is not so good in last 4 quarters at 1.34%

Latest Financials - IKIO Lighting Ltd.

Standalone Consolidated
TTM EPS (₹) 3.7 7.8
TTM Sales (₹ Cr.) 241 438
BVPS (₹.) 62.1 71.5
Reserves (₹ Cr.) 403 476
P/BV 5.13 4.45
PE 85.83 40.64
From the Market
52 Week Low / High (₹) 245.45 / 437.70
All Time Low / High (₹) 245.45 / 477.15
Market Cap (₹ Cr.) 2,461
Equity (₹ Cr.) 77.3
Face Value (₹) 10
Industry PE 123.3

Management X-Ray of IKIO Lighting:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of IKIO Lighting

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales141160220241
Operating Expenses 114129180202
Manufacturing Costs1122
Material Costs94106146176
Employee Cost 1091416
Other Costs 813189
Operating Profit 26304039
Operating Profit Margin (%) 18.7%19.0%18.3%16.1%
Other Income 0013
Interest 2116
Depreciation 2223
Exceptional Items 0000
Profit Before Tax 22283833
Tax 67108
Profit After Tax 16212825
PAT Margin (%) 11.4%12.9%12.7%10.2%
Adjusted EPS (₹)2.53.24.33.8
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 284876101
Share Capital 002565
Reserves 28485136
Minority Interest0000
Debt641524
Long Term Debt3210
Short Term Debt421423
Trade Payables14181418
Others Liabilities 3476
Total Liabilities 5174112149

Fixed Assets

Gross Block17182225
Accumulated Depreciation2257
Net Fixed Assets15151718
CWIP 0000
Investments 00013
Inventories17325644
Trade Receivables5162616
Cash Equivalents 7010
Others Assets8111257
Total Assets 5174112149

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 130-553
PBT 22283833
Adjustment 4337
Changes in Working Capital -5-23-3723
Tax Paid -8-8-9-10
Cash Flow From Investing Activity -4-3-5-56
Capex -4-3-5-3
Net Investments 0000
Others 000-54
Cash Flow From Financing Activity -5-3103
Net Proceeds from Shares 0000
Net Proceeds from Borrowing -6-1-1-1
Interest Paid -2-1-1-6
Dividend Paid 0000
Others 4-2129
Net Cash Flow 5-60-1
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)57.8454.1844.927.75
ROCE (%)68.2463.5852.9435.5
Asset Turnover Ratio2.772.562.371.85
PAT to CFO Conversion(x)0.810-0.182.12
Working Capital Days
Receivable Days12233532
Inventory Days44557376
Payable Days54544033

IKIO Lighting Ltd Stock News

IKIO Lighting Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of IKIO Lighting on 12-Jul-2024 16:01 is ₹318.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Jul-2024 16:01 the market cap of IKIO Lighting stood at ₹2,461.4.
The latest P/E ratio of IKIO Lighting as of 12-Jul-2024 16:01 is 85.83.
The latest P/B ratio of IKIO Lighting as of 12-Jul-2024 16:01 is 5.13.
The 52-week high of IKIO Lighting is ₹437.7 and the 52-week low is ₹245.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IKIO Lighting is ₹241.0 ( Cr.) .

About IKIO Lighting Ltd

The company was incorporated as ‘IKIO Lighting Private Limited’ under the Companies Act, 2013, pursuant to the certificate of incorporation issued by the RoC on March 21, 2016. The name of the cmpany was subsequently changed to ‘IKIO Lighting Limited’, upon conversion into a public company, pursuant to a board resolution dated January 3, 2022 and a shareholder’s resolution dated January 31, 2022, and a fresh certificate of change of name was issued on April 18, 2022 by the RoC.

It is an Indian manufacturer of light emitting diode (LED) lighting solutions. It is focused on sustainability and providing low energy LED products to help India meet its sustainability goals. It is primarily an original design manufacturer (ODM) and design, develop, manufacture and supply products to customers who then further distribute these products under their own brands. It also works with its customers to develop, manufacture and supply products that are designed by its customers. It’s LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories and components. Its provide lighting solutions (lights, drivers and controls) to commercial refrigeration equipment suppliers under its refrigeration light segment. It also manufacture an alternative to polyvinyl chloride (PVC) piping called ABS piping that is primarily used by its US customers for plumbing applications in the recreational vehicles (RVs) that they fit out. In addition, its manufacture and assemble other products including fan regulators that are designed by its clients; light strips, moulding, and other components and spares. Its equipment and systems are used in various industries and products, including residential, industrial and commercial lighting.

It has four manufacturing facilities with one located in the SIDCUL Haridwar industrial park in Uttarakhand and three in Noida in the National Capital Region. In line with its focus to provide end-to-end product solutions and to develop better control on its supply chain and improve its margins, it has backward integrated its major manufacturing processes. It has developed in-house capabilities so that it manufacture all mechanical components in house (save diodes and resistors). 

Business area of the company

The company is an Indian manufacturer of light emitting diode (LED) lighting solutions. It is focused on sustainability and providing low energy LED products to help India meet its sustainability goals.

Products of the company

  • Rechargeable bulbs
  • Spotlights
  • LED strip lights
  • Decorative lights
  • Rechargeable lantern
  • LED driver
  • Down lighter lights
  • Linear lights
  • Track lights
  • RV lights
  • ABS piping
  • Refrigerator lights
  • Fan regulators and switches 
  • LED spare parts & others

History and milestones

  • 2016: The company was incorporated as a as ‘IKIO Lighting Private Limited’ under the Companies Act, 2013.
  • 2016: Commenced business of manufacturing of Refrigerator Light.
  • 2019: Commenced new business in Noida Special Economic Zone area to carry out 100% export activity. 
  • 2022: Conversion of the company into a public limited company.
  • 2022: Acquired 100% equity shares of IKIO Solutions Private Limited and Fine Technologies (India) Private Limited.
  • 2022: Received Quality Innovation Award-2022 from The Institute of Engineers (India)-Uttarakhand State Centre Safety & Quality Forum Disaster Awareness & Management forum.

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