IKIO Technologies Ltd
- Market Cap ₹ 885 Cr.
- Current Price ₹ 114
- High / Low ₹ 259 / 104
- Stock P/E 58.8
- Book Value ₹ 63.0
- Dividend Yield 0.00 %
- ROCE 7.11 %
- ROE 4.94 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 8.11% over past five years.
- Company has a low return on equity of 8.97% over last 3 years.
- Earnings include an other income of Rs.15.8 Cr.
- Dividend payout has been low at 8.98% of profits over last 3 years
* 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics
Part of BSE Allcap BSE Consumer Discretionary
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 141 | 160 | 220 | 241 | 241 | 208 | 170 | |
| 114 | 129 | 180 | 202 | 212 | 190 | 160 | |
| Operating Profit | 26 | 30 | 40 | 39 | 29 | 18 | 10 |
| OPM % | 19% | 19% | 18% | 16% | 12% | 8% | 6% |
| 0 | 0 | 1 | 3 | 19 | 20 | 16 | |
| Interest | 2 | 1 | 1 | 6 | 6 | 4 | 3 |
| Depreciation | 2 | 2 | 2 | 3 | 3 | 3 | 3 |
| Profit before tax | 22 | 28 | 38 | 33 | 39 | 30 | 20 |
| Tax % | 28% | 26% | 26% | 25% | 27% | 22% | |
| 16 | 21 | 28 | 25 | 29 | 24 | 15 | |
| EPS in Rs | 3,198.00 | 4,116.00 | 11.20 | 3.79 | 3.71 | 3.06 | 1.95 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 27% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -2% |
| TTM: | -23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -6% |
| TTM: | -40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -54% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 9% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 25 | 65 | 77 | 77 | 77 |
| Reserves | 28 | 48 | 51 | 36 | 403 | 399 | 410 |
| 8 | 5 | 16 | 25 | 10 | 5 | 6 | |
| 16 | 21 | 20 | 24 | 19 | 12 | 17 | |
| Total Liabilities | 51 | 74 | 113 | 150 | 509 | 494 | 510 |
| 15 | 15 | 17 | 18 | 17 | 16 | 18 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 13 | 127 | 211 | 233 |
| 36 | 59 | 95 | 119 | 364 | 267 | 259 | |
| Total Assets | 51 | 74 | 113 | 150 | 509 | 494 | 510 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 13 | -0 | -5 | 53 | -7 | 19 | |
| -4 | -3 | -5 | -56 | -314 | -9 | |
| -5 | -3 | 10 | 3 | 329 | -18 | |
| Net Cash Flow | 5 | -6 | 0 | -1 | 9 | -8 |
| Free Cash Flow | 9 | -3 | -10 | 50 | -10 | 18 |
| CFO/OP | 82% | 25% | 9% | 162% | 16% | 154% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 12 | 36 | 43 | 25 | 33 | 31 |
| Inventory Days | 66 | 109 | 141 | 92 | 99 | 91 |
| Days Payable | 54 | 60 | 35 | 38 | 28 | 17 |
| Cash Conversion Cycle | 24 | 84 | 149 | 79 | 104 | 104 |
| Working Capital Days | 22 | 79 | 98 | 87 | 123 | 121 |
| ROCE % | 64% | 53% | 35% | 15% | 7% |
Insights
In beta| Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Number of SKUs Number |
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| Number of Manufacturing Facilities Number |
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| Manufacturing Facilities Area Sq. Ft. |
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| Revenue Mix - Outside India (Exports) % |
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| Total Employee Strength Number |
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| Repeat Customer Revenue Contribution % |
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| Revenue Mix - Other Business Segment (Strategic Diversification) Percentage |
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Documents
Announcements
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Disclosure Under Regulation 7(2) Read With Regulation 6(2) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015
28 Mar - Promoter MD Hardeep Singh bought 30,000 shares (0.0388%) on 27-Mar-2026; post-holding 42.7846%.
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Closure of Trading Window
27 Mar - Trading window closed from April 1, 2026 until 48 hours after results declaration.
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Disclosure Under Regulation 7(2) Read With Regulation 6(2) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015
26 Mar - Promoter/MD Hardeep Singh bought 10,100 shares (0.0131%) on 25-Mar-2026; holding now 42.7458%.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations 2015') - Incorporation Of A New Step Down Subsidiary In UAE
17 Feb - IKIO’s step-down UAE subsidiary Royalux General Trading LLC incorporated; AED300,000 capital; business effective 17 Feb 2026.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Investors/Analysts Meet With Axis Capital - Outcome
9 Feb - Virtual investor/analyst meeting with Axis Capital on Feb 9, 2026; discussed Q3 (Dec 31, 2025) financials; no UPSI.
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023TranscriptPPT
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Nov 2023Transcript PPT REC
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Nov 2023TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
Business Overview:[1][2]
IKIO Technologies is an Original Design Manufacturer (ODM) and Electronics manufacturing services (EMS) company focused on high-end LED lighting solutions, product display lighting, energy solutions, and diversified electronics products. The company designs, develops, manufactures and supplies products largely under customer brands, backed by in-house R&D and deep backward integration.