IKIO Lighting Ltd

IKIO Lighting Ltd

₹ 295 0.61%
22 Apr 12:57 p.m.
About

Incorporated in 2016, IKIO Lighting Limited is an Indian manufacturer of light-emitting diode (LED) lighting solutions.[1]

Key Points

Product Portfolio[1]
1 LED Lights : High-End Home Decorative LED Lights, Indoor and Outdoor Lights, LED Lights for RVs.
2 Product Display Lighting : Interior LED Lights for product display including Commercial Refrigeration (CR)
3 Energy Solutions & Others : Solar Panels for RVs, ABS Pipes for RVs, IPS Stabilisers for CR, Rotary Switches, Fan Regulators & Assembly, Lithium Battery and USB Chargers.
The company has ~1000+ SKUs.

<h1>IKIO Group caters to the distributor of USA’s</h1>

largest RV player (Forest River) and is well-placed to capture further wallet share by Expanding Product Offerings.[2]

  • Market Cap 2,277 Cr.
  • Current Price 295
  • High / Low 477 / 277
  • Stock P/E 78.7
  • Book Value 60.6
  • Dividend Yield 0.00 %
  • ROCE 35.4 %
  • ROE 27.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 38.8%
  • Debtor days have improved from 34.5 to 24.7 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.15.4 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
49.26 64.90 69.27 61.08 61.52 67.52 59.42
40.32 54.59 56.44 51.08 51.57 57.32 53.97
Operating Profit 8.94 10.31 12.83 10.00 9.95 10.20 5.45
OPM % 18.15% 15.89% 18.52% 16.37% 16.17% 15.11% 9.17%
0.40 0.41 0.36 1.46 1.86 6.71 5.36
Interest 1.18 0.61 2.45 4.63 1.92 1.42 1.32
Depreciation 0.74 0.64 0.75 0.78 0.68 0.77 0.66
Profit before tax 7.42 9.47 9.99 6.05 9.21 14.72 8.83
Tax % 24.93% 27.56% 25.43% 21.49% 26.28% 27.99% 23.22%
5.57 6.86 7.45 4.76 6.78 10.60 6.79
EPS in Rs 2.23 1.06 1.15 0.73 0.88 1.37 0.88
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
141 160 220 241 250
114 129 180 202 214
Operating Profit 26 30 40 39 36
OPM % 19% 19% 18% 16% 14%
0 0 1 3 15
Interest 2 1 1 6 9
Depreciation 2 2 2 3 3
Profit before tax 22 28 38 33 39
Tax % 28% 26% 26% 25%
16 21 28 25 29
EPS in Rs 3,198.00 4,116.00 11.20 3.79 3.86
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 20%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 16%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 39%
Last Year: 28%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 25 65 77
Reserves 28 48 51 36 391
8 5 16 25 5
16 21 20 24 25
Total Liabilities 51 74 113 150 499
15 15 17 18 18
CWIP 0 0 0 0 0
Investments 0 0 0 13 68
36 59 95 119 413
Total Assets 51 74 113 150 499

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
13 -0 -5 53
-4 -3 -5 -56
-5 -3 10 3
Net Cash Flow 5 -6 0 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 12 36 43 25
Inventory Days 66 109 141 92
Days Payable 54 60 35 38
Cash Conversion Cycle 24 84 149 79
Working Capital Days 36 85 123 123
ROCE % 64% 53% 35%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024
72.46% 72.46% 72.46% 72.46%
5.06% 3.18% 1.51% 1.56%
7.21% 7.50% 7.10% 4.95%
15.27% 16.85% 18.93% 21.04%
No. of Shareholders 1,03,7221,02,0061,14,6001,24,136

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents