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IKIO Technologies Ltd (IKIO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543923 NSE: IKIO Electronics - Components | Small Cap | IKIO Technologies Share Price

₹154.75 0.25 (0.16%)

As on 04-Jun'26 16:59

IKIO Technologies Ltd (IKIO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543923 NSE: IKIO Electronics - Components | Small Cap | IKIO Technologies Share Price

₹154.75 0.25 (0.16%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,196 Cr.
Current Price
₹154.8
52-Week Low / High
₹104 / 250
TTM EPS
₹1.9
TTM Sales
₹170 Cr.
Book Value per Share
₹64.1
P/E Ratio
80.91
Higher than its 5-year historical median
Industry PE
43.3
Price to Book (P/B)
2.41
Lower than its 5-year historical median
Price to Sales (P/S)
7.04
Lower than its 5-year historical median
EV/EBITDA
45.71
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
4.94%
Underperforms industry median
Return on Capital Employed (ROCE)
7.12%
Underperforms industry median
Return on Assets (ROA)
4.72%
Operating Profit Margin
8.5%
Net Profit Margin
11.36%
Gross Profit Margin
16%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-13.8%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-38.64%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-17.68%
Asset Quality
Promoter Holding
72.55%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹418 Cr.
Equity
₹77.3 Cr.
Face Value
₹10
All Time Low / High
₹104.10 / 477.15

IKIO Technologies stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Strong
Q.1 Is IKIO Technologies Ltd a good quality company?
IKIO Technologies Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does IKIO Technologies Ltd performance compare with that of its Peers?
Q.1 Revenue growth of IKIO Technologies Ltd vs industry peers?
IKIO Technologies Ltd revenue CAGR is 8.11%, compared to the industry median CAGR of 3.03%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of IKIO Technologies Ltd?
Promoters hold 72.55% of the IKIO Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of IKIO Technologies Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -30.55% based on the current price.

10 Year X-Ray :

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 Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 68.2%63.6%52.9%35.5%14.6%7.1%-
Value Creation
Index
3.93.52.81.50.0-0.5-

Growth Parameters

Sales 141160220241241208170
Sales YoY Gr.-13.5%37.7%9.8%-0.2%-13.8%-
Adj EPS 2.53.24.23.83.73.11.9
YoY Gr.-28.6%34.3%-10.9%-2.1%-17.3%-
BVPS (₹) 4.37.411.815.662.161.564.1
Adj Net
Profit
1620.527.524.528.523.615
Cash Flow from Ops. 13.2-0.1-5.353.1-718.8-
Debt/CF from Ops. 0.6-101.2-30.5-1.40.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA8.1%-1.9%-13.8%
Adj EPS NA4.5%-10.3%-17.3%
BVPSNA70.7%73.6%-1%
Share Price - - - -29%

Key Financial Parameters

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
57.753.944.127.69.84.93
Op. Profit
Mgn %
18.719.118.316.111.98.56.3
Net Profit
Mgn %
11.312.812.510.211.811.48.7
Debt to
Equity
0.30.10.20.2000
Working Cap
Days
0100126161225304127
Cash Conv.
Cycle
03475797189110

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales141160220241241208
Operating Expenses + 114129180202212190
Manufacturing Costs112233
Material Costs94106146176177155
Employee Cost 10914162121
Other Costs 8131891111
Operating Profit 263040392918
Operating Profit Margin (%) 18.7%19.0%18.3%16.1%11.9%8.5%
Other Income + 00131920
Exceptional Items 000000
Interest 211664
Depreciation 222333
Profit Before Tax 222838333930
Tax 67108107
Profit After Tax 162128252924
PAT Margin (%) 11.4%12.9%12.7%10.2%11.9%11.4%
Adjusted EPS (₹)2.53.24.33.83.73.1
Dividend Payout Ratio (%)0%0%0%0%27%0%

Valuation of IKIO Technologies - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 284876101480475
Share Capital 0025657777
Reserves 28485136403398
Debt +641524105
Long Term Debt321000
Short Term Debt421423105
Minority Interest000000
Trade Payables14181418137
Others Liabilities 347655
Total Liabilities 5174112149508492

Fixed Assets

Net Fixed Assets +151517181716
Gross Block171822252728
Accumulated Depreciation22571012
CWIP 000001
Investments 00013127211
Inventories173256444838
Trade Receivables51626162218
Cash Equivalents flag 701018497
Others Assets 8111257109112
Total Assets 5174112149508492

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 13-0-553-719
PBT 222838333930
Adjustment 4337-10-10
Changes in Working Capital -5-23-3723-246
Tax Paid -8-8-9-10-12-8
Cash Flow From Investing Activity + -4-3-5-56-314-9
Capex -4-3-5-3-3-1
Net Investments 0000-17679
Others 000-54-135-88
Cash Flow From Financing Activity + -5-3103329-18
Net Proceeds from Shares 00003500
Net Proceeds from Borrowing -6-1-1-1-00
Interest Paid -2-1-1-6-6-4
Dividend Paid 00000-8
Others 4-2129-15-6
Net Cash Flow 5-60-19-8

Financial Ratio

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)57.8454.1844.927.759.874.94
ROCE (%)68.2463.5852.9435.514.617.12
Asset Turnover Ratio2.772.562.371.850.730.42
PAT to CFO Conversion(x)0.81-0-0.182.12-0.240.79
Working Capital Days
Receivable Days1223.2034.503228.8034.50
Inventory Days4455.5072.9076.1069.9075.30
Payable Days53.6054.1039.6033.5032.5024.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

IKIO Technologies Ltd FAQs

The current trading price of IKIO Technologies on 04-Jun-2026 16:59 is ₹154.8.

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 03-Jun-2026 the market cap of IKIO Technologies stood at ₹1,195.9 Cr

The latest P/E ratio of IKIO Technologies as of 03-Jun-2026 is 80.91.

The latest P/B ratio of IKIO Technologies as of 03-Jun-2026 is 2.41.

The 52-week high of IKIO Technologies is ₹250.0 and the 52-week low is ₹104.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IKIO Technologies is ₹170 ( Cr.) .

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

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

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

About IKIO Technologies 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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