IKIO Technologies (IKIO) had a P/E of 31.9× on 6 Nov 2026, below the industry P/E of 63.0×, and the shares are 18% below their 52-week high. It earns ROCE of 8.9% and ROE of 6.5%, and sales grew 18% a year over 3 years while net profit fell 8.9%. Debt is 0.11× equity. It is a small-cap company with a market cap of ₹1,520 Cr, ranked 8th of 20 Electronic Components companies by market cap; the shares fell 16% over the past year.
- ₹177.70
- ₹208.68
- ₹173.90
- ₹173.90
- 1.9 Cr
Health check
- ReturnsBehind
−16.5% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 31.9 vs industry 63.0.
- GrowthSlow
Sales +18.4%, profit −8.9% a year over 3 years.
- ProfitabilityWeak
ROCE 8.9% vs peer median 15.7%.
- Balance sheetSolid
Debt 0.11× equity, interest covered 15.0×, Piotroski 7 of 9.
- Red flags1 to check
Return on equity is low at 6.5%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹1,520 Cr
- Small cap
- P/E
- 31.9
- Industry 63.0
- Price to book
- 2.52
- Peers 6.25
- Dividend yield
- 0.00%
- ROE
- 6.5%
- Peers 14.9%
- ROCE
- 8.9%
- Peers 15.7%
- Debt to equity
- 0.11
- Debt ₹70 Cr
- EPS (TTM)
- ₹6.17
- Face value ₹10
- OPM (TTM)
- 13.7%
- Net margin 7.2%
- Sales growth
- +40.9%
- Latest quarter vs a year ago
- Profit growth
- +409.7%
- Latest quarter vs a year ago
- Price to sales
- 2.36
- EV/EBITDA 18.9
Strengths and risks
Strengths
- Quarterly profit up 409.7% on a year ago.
- Quarterly sales up 40.9% on a year ago.
- P/E of 31.9 against an industry P/E of 63.0.
Risks to check
- Return on equity is low at 6.5%.
About IKIO Technologies
IKIO Technologies Limited, together with its subsidiaries, manufactures and sells light emitting diode lighting solutions in India and internationally. It offers ODM for LED lights; switches and hardware components; LED refrigeration lights and controls; recreational vehicle components; and LED drivers. The company also provides LED lighting solutions, including architectural lighting, product display and refrigeration systems, and RV and mobility…
- Headquarters
- Noida
- Employees
- 435
- Sector
- Technology
- ISIN
- INE0LOJ01019
- Website
- ikiotech.com
Price range
- Avg volume (3M)
- 7 L
- 1-year return
- minus 16.5%
- From 52-week high
- minus 17.6%
Peers · Electronic Components
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SYRMASyrma SGS Technology | 1,459.30 | minus 3.68% | 28,110 | 66.7 | 47.6 | 14.7% | 10.9% | 0.24 | 32.8% | plus 93.2% |
| KAYNESKaynes Technology India | 3,233.00 | minus 1.81% | 21,733 | 63.0 | 37.5 | 12.0% | 15.6% | 0.19 | 47.7% | minus 50.6% |
| PGELPG Electroplast | 546.15 | minus 0.55% | 15,661 | 72.5 | 37.0 | 8.7% | 7.3% | 0.25 | 33.8% | minus 3.4% |
| AVALONAvalon Technologies | 1,893.60 | minus 9.83% | 12,668 | 95.0 | 72.8 | 21.7% | 11.4% | 0.30 | 19.3% | plus 82.6% |
| KRNKRN Heat Exchanger and Refrigeration | 939.80 | minus 4.99% | 6,152 | 51.9 | – | – | 13.0% | 0.16 | – | plus 24.9% |
| CENTUMCentum Electronics | 4,069.20 | minus 0.88% | 6,007 | 374.4 | 41.5 | 37.9% | 10.5% | 0.38 | 2.4% | plus 67.0% |
| MODINSUModern Insulators | 457.10 | minus 2.34% | 2,155 | 22.9 | 20.2 | 16.7% | 14.8% | 0.13 | 18.5% | plus 213.5% |
| IKIOIKIO Technologies | 196.69 | plus 13.11% | 1,520 | 31.9 | 19.4 | 8.9% | 13.7% | 0.11 | 18.4% | minus 16.5% |
| Median of 7 peers | – | −2.34% | 12,668 | 66.7 | 39.5 | 15.7% | 11.4% | 0.24 | 26.0% | 67.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 120 | 164 | 146 | 165 | 169 | |
| 109 | 146 | 124 | 139 | 147 | |
| 11.3 | 18.4 | 21.9 | 26 | 22 | |
| 9.4% | 11.2% | 15.0% | 15.7% | 13.0% | |
| 2 | 4.3 | 3 | 5.2 | 4.2 | |
| 2.1 | 1.9 | 2 | 2.2 | 1.9 | |
| 7 | 7.4 | 8 | 8.4 | 7.4 | |
| 4.2 | 13.5 | 14.8 | 20.5 | 16.9 | |
| 43.7% | 19.2% | 27.2% | 14.6% | 34.6% | |
| 2.1 | 10 | 9.2 | 16.5 | 10.8 | |
| 0.30 | 1.30 | 1.39 | 2.12 | 1.39 |
Profit & loss
- Sales CAGR 3Y
- +18.4%
- Profit CAGR 3Y
- −8.9%
- EPS CAGR 3Y
- −9.1%
- ROE
- 6.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 359 | 438 | 486 | 595 | |
| – | +22.1% | +10.9% | +22.5% | |
| 279 | 344 | 425 | 516 | |
| 79.7 | 93.9 | 60.5 | 79 | |
| 22.2% | 21.4% | 12.5% | 13.3% | |
| −2.3 | 7.4 | 9.9 | 9.6 | |
| 4.4 | 4.4 | 3.3 | 3.8 | |
| 5.8 | 12 | 24.3 | 30.9 | |
| −1.4 | −0.4 | −0.4 | −0.9 | |
| 65.8 | 84.5 | 42.4 | 53 | |
| 24.0% | 28.3% | 23.6% | 21.6% | |
| 50 | 60.6 | 30.9 | 37.8 | |
| – | +21.1% | minus 49.0% | +22.4% | |
| 6.47 | 8.09 | 4.19 | 4.87 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 65 | 77.3 | 77.3 | 77.3 | |
| 77.2 | 476 | 483 | 525 | |
| 123 | 70.3 | 52.7 | 69.7 | |
| 46 | 34.6 | 62.3 | 95.3 | |
| 311 | 658 | 676 | 767 | |
| 92.4 | 183 | 246 | 300 | |
| 27.9 | 77.8 | 46.4 | 102 | |
| 0 | 0 | 0 | 1.9 | |
| 3 | 188 | 110 | 56.5 | |
| 188 | 209 | 273 | 307 | |
| 311 | 658 | 676 | 767 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 56.8 | −5.2 | 35.1 | 16.4 | |
| −49.9 | −249 | −4.1 | −12.5 | |
| −7.7 | 266 | −33.2 | 5.9 | |
| 1.7 | 11.8 | −2.2 | 9.9 | |
| −19.7 | −83.7 | −95.9 | −81.8 | |
| 37.2 | −88.9 | −60.8 | −65.4 | |
| – | – | −7.7 | – |
Shareholding pattern
- Promoters72.55%
- Public27.45%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.55% | 27.45% | 0.00 | |
| 30 Jun 2026 | 72.55% | 27.45% | 0.00 | |
| 31 Mar 2026 | 72.55% | 27.45% | plus 0.05 | |
| 31 Dec 2025 | 72.50% | 27.50% | 0.00 | |
| 30 Sep 2025 | 72.50% | 27.50% | – |
Major shareholders
Filings & events
News
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