IKIO Lighting Limited (IKIO) AI Stock Analysis

• Market Cap: ₹8.33B
• Dividend Yield: 0.55%
• Average Volume (3M): 30.72K
• Price to Earnings (P/E): 38.2
• Beta (1Y): 1.70
• Revenue Growth: 11.73%
• EPS Growth: -64.05%
• Country: IN
• Employees: 604
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.19
• Shares Outstanding: 77,280,700
• 10 Day Avg. Volume: 3,531
• 30 Day Avg. Volume: 30,717
• PEG Ratio: -1.22
• Price to Book (P/B): 3.24
• Price to Sales (P/S): 3.74
• P/FCF Ratio: -29.85
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹114.00 ▼(-38.41% Downside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is primarily supported by solid financial performance (growth and balance-sheet stability), but is held back by weak price momentum (below key moving averages with negative MACD) and a relatively high P/E with no dividend yield data to offset valuation risk.

Positive Factors

Revenue growth

Sustained ~15.8% revenue growth shows durable demand expansion in IKIO's B2B manufacturing markets. Over 2–6 months this supports higher capacity utilization, broader customer penetration and scale economics that can fund reinvestment and strengthen competitive position.

Negative Factors

Negative free cash flow

Persistent negative free cash flow, despite positive operating cash flow, signals ongoing cash absorbed by capex or working capital. Over several months this can constrain funding for growth, force external financing, and reduce financial flexibility if cash conversion isn't sustained.

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, recreation...

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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, recreation...

How the Company Makes Money

IKIO primarily makes money by manufacturing and supplying lighting products for customers and recognizing revenue from the sale of these manufactured goods. Key revenue streams typically include (i) product sales to B2B customers (such as lighting...

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IKIO primarily makes money by manufacturing and supplying lighting products for customers and recognizing revenue from the sale of these manufactured goods. Key revenue streams typically include (i) product sales to B2B customers (such as lighting...

IKIO Lighting Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.18B	4.86B	4.38B	3.59B	3.32B	2.13B
Gross Profit	1.78B	2.05B	1.76B	1.27B	1.38B	922.78M
EBITDA	633.38M	750.81M	1.01B	759.95M	795.59M	490.31M
Net Income	179.44M	309.11M	605.71M	500.38M	505.16M	288.06M
Balance Sheet
Total Assets	7.28B	6.76B	6.58B	3.11B	2.65B	1.74B
Cash, Cash Equivalents and Short-Term Investments	882.94M	1.14B	1.88B	30.11M	27.26M	36.27M
Total Debt	590.38M	527.37M	703.28M	1.23B	1.16B	813.64M
Total Liabilities	1.49B	1.14B	1.05B	1.69B	1.58B	1.14B
Stockholders Equity	5.76B	5.61B	5.53B	1.42B	1.09B	608.61M
Cash Flow
Free Cash Flow	-227.10M	-608.26M	-889.04M	371.64M	-246.55M	-150.25M
Operating Cash Flow	51.02M	350.67M	-52.02M	568.14M	-154.84M	-86.38M
Investing Cash Flow	-28.79M	-40.77M	-2.49B	-498.52M	-92.08M	-61.14M
Financing Cash Flow	-20.60M	-331.57M	2.66B	-77.45M	235.89M	102.76M

IKIO Lighting Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 185.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 185.1 is above the 20-day moving average (MA) of 131.45, above the 50-day MA of 145.74, and below the 200-day MA of 189.39, indicating a bearish trend. The MACD of -9.47 indicates Positive momentum. The RSI at 22.05 is Positive, neither overbought nor oversold. The STOCH value of 0.96 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	74 Outperform	₹148.82B	34.73	―	0.49%	17.36%	52.81%
DYCL	69 Neutral	₹12.30B	18.05	―	0.07%	28.58%	54.67%
IKIO	62 Neutral	₹8.33B	38.21	―	0.55%	11.73%	-64.05%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
HIRECT	58 Neutral	₹24.67B	49.83	―	0.13%	35.05%	99.65%
SALZERELEC	58 Neutral	₹9.22B	24.44	―	0.36%	21.51%	-17.75%
ELIN	57 Neutral	₹5.45B	56.01	―	―	12.53%	119.28%