The electronics manufacturing environment in India is changing structurally due to increasing domestic demand, export projections and government proactive manufacturing leadership. In this dynamic environment, IKIO Technologies Ltd has established itself as a niche company dealing in the high end lighting and electronics manufacturing services. IKIO Technologies is a design, development, and manufacturing company, unlike the other consumer-facing lighting brands, which are mostly designed as backend partners that serve global and domestic customers. The company has attracted investor interest since the time it was listed because of its Original Design Manufacturing (ODM) strengths, in-house research and development, and vertical integration. This article will provide complete information about IKIO Technologies Share Price.
IKIO Technologies Ltd Company Overview
IKIO Technologies Ltd was established in 2016 and it deals in LED lighting and electronics solutions segment. The company develops and produces and distributes a great variety of LED products such as architectural, display lighting, and energy-efficient electronic products. Its products aim mostly at high end buyers, either locally or internationally. The company of IKIO is characterized by the approach of ODM that it adapts. The company has engagements beyond manufacturing to conceptualization of products, design engineering, as well as prototyping. This enables the customers to outsource the whole product development cycle and this builds long term relationships and switching costs.
IKIO has also put a lot of effort in its backward integration, a trend where the company produces major components in-house to have control of the quality and as well as to limit the reliance on third-party suppliers. Although this strategy is more effective at controlling operations, it leads to higher capital intensity and a higher working capital requirement.
| Particular | Details |
|---|---|
| Company Name | IKIO Technologies Ltd |
| Year of Incorporation | 2016 |
| Industry | Consumer Electronics & LED Lighting |
| Business Type | Original Design Manufacturer (ODM) & Electronics Manufacturing Services (EMS) |
| Core Products | LED lighting, display lighting, energy & electronic solutions |
| Manufacturing Focus | High-end and customized electronics products |
| R&D Capability | In-house design and product development |
| Stock Exchanges | NSE, BSE |
| Face Value | ₹10 |
| Promoter Holding | ~72.5% |
| Dividend Policy | Low / Occasional dividend payouts |
Business Model and Revenue Streams
IKIO Technologies is a business-to-business company, which earns its revenues by entering into a long-term contract with brand owners, retailers, and solution providers. IKIO manufactures products that are usually sold under the brand name of the customer, which allows the company to concentrate on developing excellent products but not marketing and distribution.
Its sales profile is characterized by LED lighting solutions, and it is slowly diversified to other electronics and energy products. Customized high-value products provided by the company also enable comparatively consistent pricing policy as opposed to the commoditized manufacturers of lighting. The problem is, however, that due to the client concentration and order by project it might create an uneven performance over the quarter. ODM and EMS model is scalable although profitability is very sensitive to the cost of input, utilization and the efficiency of the working capital.
IKIO Technologies Share price Performance Overview
IKIO Technologies Ltd was trading at about 150 per share and it has been recording a slight fall on a daily basis. Stock price has undergone high volatility since the time of listing and has gone down by a very large margin since the peak of 52 weeks, which stands at 304 share. The recent trading is indicative of a low investor sentiment with declining margins and larger-scale correction of the small-cap stocks. IKIO is a small -cap stock with a market capitalization of approximately 1,161 crore. These companies are more susceptible to quarterly earnings, order flows and the liquidity position, and price movements tend to be more significant.
| Parameter | Value |
|---|---|
| Current Price | ₹150 |
| Day Change | -0.87% |
| 52-Week High | ₹304 |
| 52-Week Low | ₹143 |
| Market Capitalization | ₹1,161 Cr |
| Price-to-Earnings Ratio | 61.1 |
| Book Value | ₹74.5 |
IKIO Technologies NSE and BSE Price Comparison
IKIO Technologies has a BSE and NSE of 543923 and IKIO respectively. The movement of prices in the two exchanges is almost synchronistic and no major deviation is noted. Liquidity and volumes are quite similar as they are due to the efficiency of arbitrage between these two exchanges.
Both NSE and BSE exhibit identical market capitalization and valuation measures and trading tendencies, which confirm an identical price discovery.
| Exchange | Recent Price |
|---|---|
| NSE (IKIO) | ~₹151 |
| BSE (543923) | ~₹148–₹150 |
| Price Difference | Negligible |
IKIO Technologies Share Price Target Outlook (2030)
There are several long-term forecasts indicating that IKIO Technologies may possibly grow to a range of ₹846-₹1142 by 2030 in case of very optimistic forecasts. These goals will be founded on the forecasts of the sector development, the scale of operations and the recovery of margins. These estimates are however speculative. The latest financial performance of the company such as one year performance of approximately -36, dampens optimism. This would involve the turnaround of a considerable profitability, cash flow generation, and return ratios to achieve such targets.
| Year | Expected Range (₹) |
|---|---|
| 2030 (Low) | ~846 |
| 2030 (High) | ~1,142 |
| Assumption | Strong sector growth & execution |
IKIO Technologies Share Price Chart and Technical View
The technical indicators show that it is currently in a weak trend. The IKIO Technologies is trading below 20 day moving average, 50 day moving average, 100 day moving average and also its 200 day moving average. SMA of 50 days stands at almost ₹172, whereas the SMA of 200 days is at almost ₹203, which is considerably higher than the market rates.
Momentum indicators indicate a mixed signal. The reading of the RSI is almost at the neutral levels, whereas the MACD has experienced small bullish cross-over attempts. Altogether, technical indicators also imply a bearish bias.
| Indicator | Status |
|---|---|
| RSI (14) | ~42 (Neutral) |
| 50-Day SMA | ~₹172 |
| 200-Day SMA | ~₹203 |
| Trend | Bearish |
| 52-Week Range | ₹143 – ₹304 |
IKIO Technologies IPO Background and Post-Listing Performance
IKIO Lighting IPO was priced at 285 and listed at 403.75 in June 2023 with good listing returns. Yet this rally was temporary and the stock has since gone down with a sharp correction. Since the time of its listing, the stock has dropped considerably eliminating most of the gains gained after the IPO. This lays stress on the valuation resets associated with underperformance of growth expectations.
| IPO Detail | Value |
|---|---|
| IPO Price | ₹285 |
| Listing Price | ₹403.75 |
| Current Price | ~₹148–₹151 |
| Post-IPO Performance | Sharp decline |
Reasons Behind the Share Price Fall
The fall in the share price at IKIO Technologies has been because of several reasons. These are poor ratios of returns, declining profitability, increasing working capital needs and general weakness in consumer electronics industry. The stock has been performing poorly when compared to the index compilations in the last one year. Bad news or ill attitude was further enhanced with a recent quarterly performance and negative technical indications that triggered a Strong Sell rating by certain market analysts.
| Factor | Impact |
|---|---|
| Weak ROE & ROCE | Lower investor confidence |
| Profit Decline | Earnings pressure |
| High Working Capital | Cash flow stress |
| Market Correction | Small-cap selling |
| Technical Breakdown | Bearish signals |
IKIO Technologies vs IKIO Lighting – Clarification
IKIO Technologies Ltd is a company that was formerly referred to as IKIO Lighting Ltd. The name change is an indicator of the expanded areas of interest in lighting that the company has to its diversified electronics. It does not have any listed entity by either name.
| Term Used | Meaning |
|---|---|
| IKIO Lighting Ltd | Former name |
| IKIO Technologies Ltd | Current listed entity |
| NSE: IKIO | Active listing |
| BSE: 543923 | Active listing |
IKIO Technologies Share Quarterly Financial Performance Analysis
The quarterly performance at IKIO Technologies portrays the difficulties that the company encounters. Revenue has been generally steady with a range of 110 to 145 crore every quarter. Nevertheless, operating profitability has been squeezed, and operating margins are decreasing since they were over 20 percent in the previous years to lower double-digits or single-digits in recent years.
| Quarter | Revenue | Operating Profit | Net Profit |
|---|---|---|---|
| Dec 2023 | 117 | 26 | 19 |
| Mar 2024 | 95 | 17 | 10 |
| Jun 2024 | 127 | 17 | 12 |
| Sep 2024 | 125 | 22 | 13 |
| Dec 2024 | 122 | 15 | 8 |
| Mar 2025 | 112 | 6 | -1 |
| Dec 2025 | 146 | 22 | 11 |
IKIO Technologies Ltd Annual Profit and Loss Trends
IKIO Technologies has registered average growth in revenues on a year-on-year basis. The sales growth of five years compounded is approximately 17 percent but growth in profits has been very low. Indeed, there is a decline in three-year compounded profit growth to negative indicating margin compression and cost increase. In certain years, other income has made a conspicuous contribution to the profitability, and it weakens the quality of earnings to a certain extent. Increased net profit is also affected by increasing depreciation and interest charges that come as a result of capacity building.
| Financial Year | Revenue | Operating Profit | Net Profit |
|---|---|---|---|
| FY22 | 332 | 77 | 51 |
| FY23 | 359 | 78 | 50 |
| FY24 | 438 | 93 | 61 |
| FY25 | 486 | 60 | 32 |
| TTM | 542 | 58 | 23 |
IKIO Technologies Ltd Balance Sheet Position
IKIO Technologies has grown its balance sheet in a very short period of time. The equity capital grew massively near the period of listing, whereas the reserves improved at a very high rate, boosting the net worth of the company.
The borrowings have decreased in recent times and this is a good move. The improvement in total assets has however been a result of increasing working capital and capital expenditure as opposed to corresponding increase in profitability.
| Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Equity Capital | 65 | 77 | 77 |
| Reserves | 77 | 476 | 483 |
| Borrowings | 123 | 70 | 53 |
| Total Assets | 311 | 658 | 678 |
IKIO Technologies Ltd Cash Flow Analysis
The cash flow continues to be a major concern of IKIO Technologies. The operating cash flows have fluctuated because the levels of inventory and length of receivables have increased. Cash generation has been disproportionate, even though it is reporting accounting profits. Cash flow analysis indicates intensive capital expenditure in FY24, which is associated with expansion efforts. Equity-related inflows and debt adjustments are financing cash flows that assisted in maintaining liquidity in times of negative operating cash flow.
| Year | Operating Cash Flow | Investing Cash Flow | Financing Cash Flow |
|---|---|---|---|
| FY23 | 57 | -47 | -8 |
| FY24 | -5 | -249 | 266 |
| FY25 | 35 | -4 | -33 |
IKIO Technologies Ltd Efficiency and Working Capital Metrics
Efficiency in working capital has declined with time. The debtor days have also risen to more than 85 days and the inventory days are high around 180 days. This has consequently increased the cash conversion cycle to more than 220 days, which has bound a lot of capital in daily functions. The ratio of return on capital employed has been decreasing drastically, when compared to the above 30 percent in the previous years, to about 8 percent today showing that there is low efficiency in the use of capital.
| Metric | Value |
|---|---|
| ROCE | 8.22% |
| ROE | 5.55% |
| Debtor Days | 85 |
| Inventory Days | 184 |
| Cash Conversion Cycle | ~225 days |
Peer Comparison and Competitive Position
IKIO Technologies is much smaller in scale and has low ratios of returns when compared to their competitors like Havells India, Dixon Technologies and PG Electroplast. Big peers enjoy brand strength, pricing power and an increased operating leverage. The distinction IKIO has is in its ODM specialization and tailor-made production. Nevertheless, valuation multiples are still similar to some of its peers although the profitability is lower, which increases the execution risk.
IKIO Technologies Ltd Shareholding Pattern
Promoters will hold a firm of more than 72 percent showing the long-term commitment to business. There has been a decrease in institutional ownership and an increase in public shareholding indicating a more involvement by retail after the listing.
| Shareholder Category | Holding (%) |
|---|---|
| Promoters | 72.50% |
| FIIs | 0.61% |
| DIIs | 1.71% |
| Public | 25.18% |
IKIO Technologies Ltd Share Price Long-Term Outlook
The future of IKIO Technologies will be determined by how well it would be able to enhance its operating efficiency, manage working capital and increase its revenues without reducing its margins. Profitability may be restored by successful implementation of capacity growth and diversification into more profitable electronics segments. Nevertheless, the company needs to show a continuous increase in the cash flows and return ratios to warrant the valuation.
Conclusion
IKIO Technologies Ltd is a niche electronic manufacturing firm holding good technical skills and differentiated ODM model. Although the company has established a strong base on high end LED and electronics solutions, the latest financial trends indicate that there are issues of margins, working capital and capital efficiency. To long-term, high risk investors who are convinced in the story of manufacturing growth in India, IKIO Technologies can be of potential upside, but only under close follow-ups on the quality of earnings, cash flow, and operation implementation.
FAQs
IKIO Technologies Ltd is an Original Design Manufacturer (ODM) and Electronics Manufacturing Services (EMS) product developer and producer of luxury LED lighting and electronics products, primarily marketed under customer brands.
It is profitable, yes, but in recent quarters, it has had rough profit ups and downs because of margin pressure, increased costs and increased working capital demands.
The stock reversed the highs as it was facing a decrease in operating margins, low cash flows, longer working capital turnover and the overall weaker performance of small-cap stocks.
IKIO Technologies does not make regular dividends. Payments made out on dividends have been low because the company has focused on reinvestment and capacity building.
IKIO Technologies can be recommended to long-term, high-risk investors that believe in the potential development of the electronics production market in India, but it is necessary to monitor the margins, cash flows, and the ratios of the returns.
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