IKIO Technologies Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,296 Cr
- P/E
- 27.87
- ROE
- 7.13%
- PEG
- -4.57
- Price to sales
- 2.02
- Debt to equity
- 0.12
- 52W high / low
- ₹232 / ₹107
- Sales growth (5Y)
- 22.82%
- EBITDA margin
- 13.69%
- Net profit margin
- 6.96%
- Promoter holding
- 72.55%
- Sales (last year)
- ₹644 Cr
Incorporated in 2016, IKIO Lighting Ltd manufactures and sells LED Lighting[1]
Guidance scorecard · Q1 FY27 call
What IKIO Technologies Ltd's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ1 FY27 call
10–20%- Revenue growth guidance for FY27 is maintained at 18%-20%, considering market volatility and geopolitical uncertainties, with potential updates by Q2/Q3 if needed.
- The ODM home lighting business is expected to remain stable around Rs. 170 crores with slight growth due to diversification of customers.
- "Other businesses" segment is growing strongly, with a 53% YoY increase in Q1 FY27 and a 54% CAGR from FY23 to FY26, driven by multiple verticals including in-store lighting, commercial refrigeration, hearable/wearable, and automotive lighting.
- New product categories and geographical diversification are key growth drivers, reducing reliance on any single segment to under 20%.
2 more points from IKIO Technologies Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what IKIO Technologies Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Current CAPEX spending for FY27 is around Rs. 20-25 crores, with most of the CAPEX already completed.
- Tower-2 has been partially commercialized in Q2 FY27 and is currently under utilization, especially for hearable and wearable segments.
- Depreciation for Tower-2 will start reflecting from Q2 FY27 onwards as more floors are utilized.
- Remaining floors in Tower-2 may see minor CAPEX soon for setting up additional production lines, but these are not significant.
- Future CAPEX includes approximately Rs. 20 crores planned for Tower-3.
2 more points from IKIO Technologies Ltd's call on capex
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FundraisingQ1 FY27 call
See what IKIO Technologies Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- There is an indication of ongoing order execution, including recently completed good volume orders in the solar inverter segment.
- Multiple new customers have been onboarded in hearables and wearables, with production schedules offering visibility of 12 to 24 months.
- New products and business verticals are in the pipeline, though some orders were delayed due to geopolitical issues such as the war, affecting timelines especially for other countries.
2 more points from IKIO Technologies Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of IKIO Technologies Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of IKIO Technologies Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 115 | 108 | 118 | 117 | 95 | 127 | 125 | 122 | 112 | 120 | 164 | 146 | 165 |
| Expenses + | 92 | 86 | 91 | 91 | 78 | 110 | 103 | 107 | 106 | 109 | 146 | 124 | 139 |
| Operating Profit | 23 | 23 | 27 | 26 | 17 | 17 | 22 | 15 | 6 | 11 | 18 | 22 | 26 |
| OPM % | 20% | 21% | 23% | 22% | 18% | 13% | 18% | 12% | 6% | 9% | 11% | 15% | 16% |
| Other Income + | 1 | 1 | 6 | 4 | 4 | 6 | 3 | 4 | 2 | 2 | 4 | 3 | 5 |
| Interest | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 3 | 2 | 4 | 2 | 4 | 5 | 7 | 7 | 6 | 7 | 7 | 8 | 8 |
| Profit before tax | 18 | 19 | 26 | 25 | 15 | 16 | 17 | 9 | 1 | 4 | 13 | 15 | 21 |
| Tax % | 22% | 26% | 30% | 24% | 36% | 21% | 22% | 17% | 181% | 44% | 19% | 27% | 15% |
| Net Profit + | 14 | 14 | 18 | 19 | 10 | 12 | 13 | 8 | -1 | 2 | 11 | 11 | 18 |
| EPS in Rs | 2.13 | 1.79 | 2.36 | 2.45 | 1.23 | 1.60 | 1.68 | 1.02 | -0.30 | 0.27 | 1.30 | 1.19 | 2.13 |
Financials of IKIO Technologies Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 220 | 213 | 332 | 359 | 438 | 486 | 595 |
| Expenses + | 182 | 165 | 254 | 281 | 345 | 426 | 518 |
| Operating Profit | 38 | 48 | 77 | 78 | 93 | 60 | 78 |
| OPM % | 17% | 23% | 23% | 22% | 21% | 12% | 13% |
| Other Income + | 2 | 1 | 2 | 3 | 15 | 15 | 15 |
| Interest | 5 | 4 | 5 | 9 | 12 | 8 | 8 |
| Depreciation | 4 | 5 | 5 | 6 | 12 | 24 | 31 |
| Profit before tax | 30 | 40 | 69 | 66 | 85 | 42 | 53 |
| Tax % | 29% | 28% | 27% | 24% | 28% | 24% | 22% |
| Net Profit + | 21 | 29 | 51 | 50 | 61 | 32 | 42 |
| EPS in Rs | 4,282.00 | 5,762.00 | 20.21 | 7.70 | 7.84 | 4.00 | 4.90 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 13% | 0% | 0% |
Financials of IKIO Technologies Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 25 | 65 | 77 | 77 | 77 |
| Reserves | 36 | 63 | 84 | 77 | 476 | 483 | 525 |
| Borrowings + | 57 | 79 | 116 | 123 | 70 | 53 | 70 |
| Other Liabilities + | 52 | 32 | 40 | 46 | 35 | 65 | 95 |
| Total Liabilities | 145 | 174 | 265 | 311 | 658 | 678 | 767 |
| Fixed Assets + | 54 | 59 | 60 | 65 | 106 | 200 | 204 |
| CWIP | 1 | 4 | 9 | 27 | 72 | 48 | 96 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 90 | 112 | 195 | 219 | 480 | 430 | 468 |
| Total Assets | 145 | 174 | 265 | 311 | 658 | 678 | 767 |
Financials of IKIO Technologies Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 23 | -9 | -15 | 57 | -5 | 35 | 16 |
| Cash from Investing Activity + | 3 | -6 | -9 | -47 | -249 | -4 | -13 |
| Cash from Financing Activity + | -21 | 10 | 24 | -8 | 266 | -33 | 6 |
| Net Cash Flow | 5 | -4 | -1 | 2 | 12 | -2 | 10 |
| Free Cash Flow | 26 | -15 | -25 | 37 | -86 | -59 | -65 |
| CFO/OP | 92% | 6% | 0% | 98% | 26% | 90% | 37% |
Financials of IKIO Technologies Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 49 | 56 | 61 | 74 | 81 | 85 | 82 |
| Inventory Days | 97 | 175 | 208 | 191 | 191 | 184 | 206 |
| Days Payable | 85 | 70 | 44 | 38 | 30 | 44 | 46 |
| Cash Conversion Cycle | 62 | 161 | 226 | 227 | 241 | 225 | 242 |
| Working Capital Days | -3 | 66 | 87 | 54 | 157 | 144 | 138 |
| ROCE % | 38% | 41% | 31% | 22% | 8% | 9% |
Guidance history
How IKIO Technologies Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 0–2% | Planned | — | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Up 2%+ | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
22 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −20.7% | 36% |
| Last 6 months | +6.0% | 62% |
| Last 3 months | −15.9% | 26% |
The price is 63.8% below its all-time high of ₹462.8 (23 Jun 2023). Stocks more than 20% below their peak have their score halved, so 44 became 22.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For IKIO Technologies Ltd: 0.4 × 36 + 0.4 × 62 + 0.2 × 26 = 44, halved to 22 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What IKIO Technologies Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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