IKIO Lighting Limited (IKIO) AI Stock Analysis

• Market Cap: ₹16.31B
• Dividend Yield: 0.47%
• Average Volume (3M): 53.90K
• Price to Earnings (P/E): 73.2
• Beta (1Y): 1.57
• Revenue Growth: 4.89%
• EPS Growth: -62.30%
• Country: IN
• Employees: 604
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.27
• Shares Outstanding: 77,280,700
• 10 Day Avg. Volume: 22,893
• 30 Day Avg. Volume: 53,904
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹217.00
• Price Target Upside: 2.82% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: ₹217.00 ▲(2.82% Upside)

IKIO Lighting Limited's overall stock score is primarily influenced by its solid financial performance, despite challenges in cash flow management. The technical analysis indicates mixed signals with potential short-term bearish momentum but some medium-term strength. The valuation suggests the stock is overvalued, which impacts the overall score negatively.

IKIO Lighting Limited Business Overview & Revenue Model

Company Description

IKIO Technologies Limited designs, develops, and produces light emitting diode (LED) lighting and energy solutions in India. The company offers ODM for LED lights, switches and hardware components, LED refrigeration lights and controls, recreational vehicle components, and LED drivers. It also provides LED lighting, which includes lights, fittings, fixtures, accessories, and components; lighting solutions, including lights, drivers, and controls, to commercial refrigeration equipment manufacturers; non-lighting solutions, such as solar panels, ABS pipes, IPS controllers, rotary switches, fan regulators and assembly, lithium battery, USB chargers; and other products, including client-designed fan regulators, light strips, mouldings, and other components and spares. Its equipment and systems are used in various industries, including residential, industrial, and commercial lighting. The company was formerly known as IKIO Lighting Limited and changed its name to IKIO Technologies Limited in March 2025. IKIO Technologies Limited was incorporated in 2016 and is based in Noida, India.

How the Company Makes Money

IKIO Lighting Limited makes money primarily through the sale of its LED lighting products. The company's revenue model is based on manufacturing and distributing a diverse portfolio of lighting solutions, which include LED bulbs, fixtures, and smart lighting systems. These products are marketed and sold to various sectors, including commercial enterprises, industrial facilities, and households. IKIO may also engage in partnerships with distributors and retailers to expand its market reach. Additionally, the company's focus on sustainable and energy-efficient products helps it tap into markets that prioritize environmental responsibility, potentially boosting sales. Contractual agreements with large clients and government projects could also contribute significantly to IKIO's revenue streams.

IKIO Lighting Limited Financial Statement Overview

Summary

IKIO Lighting Limited demonstrates solid revenue growth and profitability potential. While the balance sheet shows financial stability, cash flow management needs to be addressed to ensure sustainable growth. The firm should focus on improving net margins and maintaining a balance between debt and equity to bolster its financial resilience.

Income Statement

IKIO Lighting Limited shows strong growth in revenue and profitability. Gross profit margin improved, indicating efficient production cost management. However, the net profit margin decreased in the latest year, reflecting potential pressures on net income despite revenue growth.

Balance Sheet

The company has a healthy equity position with a high equity ratio, suggesting stability. However, the debt-to-equity ratio indicates a moderate level of leverage that should be monitored. Return on equity is strong, showcasing effective use of equity capital to generate profits.

Cash Flow

Free cash flow improved but remains negative, indicating potential liquidity challenges. However, operating cash flow has turned positive, which is an encouraging sign of improving cash conversion. The company needs to continue focusing on enhancing its cash flow management to support growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.86B	4.86B	4.38B	3.59B	3.32B	2.13B
Gross Profit	2.05B	2.05B	1.76B	939.95M	1.38B	922.78M
EBITDA	750.81M	750.81M	1.01B	759.95M	795.59M	490.31M
Net Income	308.48M	309.11M	605.71M	500.38M	505.16M	288.06M
Balance Sheet
Total Assets	6.76B	6.76B	6.58B	3.11B	2.65B	1.74B
Cash, Cash Equivalents and Short-Term Investments	1.14B	1.14B	1.88B	30.11M	27.26M	36.27M
Total Debt	527.37M	527.37M	703.28M	1.23B	1.16B	793.67M
Total Liabilities	1.14B	1.14B	1.05B	1.69B	1.58B	1.14B
Stockholders Equity	5.61B	5.61B	5.53B	1.42B	1.09B	608.61M
Cash Flow
Free Cash Flow	0.00	-608.26M	-889.04M	291.98M	-246.55M	-150.25M
Operating Cash Flow	0.00	350.67M	-52.02M	568.14M	-154.84M	-86.38M
Investing Cash Flow	0.00	-40.77M	-2.49B	-498.52M	-92.08M	-61.14M
Financing Cash Flow	0.00	-331.57M	2.66B	-77.45M	235.89M	102.76M

IKIO Lighting Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 211.05
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IKIO, the sentiment is Negative. The current price of 211.05 is below the 20-day moving average (MA) of 216.71, above the 50-day MA of 209.19, and below the 200-day MA of 221.66, indicating a neutral trend. The MACD of 2.68 indicates Positive momentum. The RSI at 45.30 is Neutral, neither overbought nor oversold. The STOCH value of 10.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IKIO.

IKIO Lighting Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RRKABEL	66 Neutral	₹137.46B	40.77	14.48%	0.74%	15.63%	16.30%
DYCL	66 Neutral	₹19.30B	27.02	17.34%	0.06%	35.66%	71.43%
ELIN	63 Neutral	₹10.09B	30.57	5.49%	―	9.31%	98.90%
SALZERELEC	61 Neutral	₹13.77B	19.80	8.45%	0.32%	21.71%	35.01%
HIRECT	60 Neutral	₹29.13B	67.72	23.21%	0.12%	32.24%	144.50%
IKIO	56 Neutral	₹16.31B	73.17	―	0.47%	4.89%	-62.30%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

IKIO Lighting Limited Corporate Events

IKIO Technologies Releases Investor Presentation to Outline Growth Strategies

IKIO Technologies Limited has announced the release of an investor presentation, in compliance with the SEBI regulations. This presentation, which is available on the company’s website, aims to inform investors about the company’s strategies and future plans, potentially impacting its market position and stakeholder interests.