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IKIO Lighting Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹144.01Overvalued by 15.29%vs CMP ₹170.00

P/E (34.8) × ROE (6.5%) × BV (₹77.90) × DY (2.00%)

₹105.36Overvalued by 38.02%vs CMP ₹170.00
MoS: -61.4% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹94.5122%Over (-44.4%)
Graham NumberEarnings₹65.6616%Over (-61.4%)
Earnings PowerEarnings₹44.9813%Over (-73.5%)
DCFCash Flow₹21.7013%Over (-87.2%)
Net Asset ValueAssets₹74.467%Over (-56.2%)
EV/EBITDAEnterprise₹100.979%Over (-40.6%)
Earnings YieldEarnings₹24.607%Over (-85.5%)
ROCE CapitalReturns₹539.209%Under (+217.2%)
Revenue MultipleRevenue₹62.835%Over (-63%)
Consensus (9 models)₹105.36100%Overvalued
Key Drivers: EPS CAGR -34.4% drags value — could be higher if earnings stabilize. | Wide model spread (₹22–₹539) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -34.4%

*Investments are subject to market risks

Analyst Summary

IKIO Lighting Ltd operates in the Consumer Electronics segment, NSE: IKIO | BSE: 543923, current market price is ₹170.00, market cap is 1,315 Cr.. At a glance, stock P/E is 34.8, ROE is 6.51 %, ROCE is 9.46 %, book value is 77.9, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹105.36, around 38.0% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹486 Cr versus the prior period change of 11.0%, while latest net profit is about ₹32 Cr with a prior-period change of -47.5%. The 52-week range shown on this page is 253/104, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisIKIO Technologies Ltd. is a Public Limited Listed company incorporated on 21/03/2016 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L3140…

This summary is generated from the stock page data available for IKIO Lighting Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

53
IKIO Lighting Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health70/100 · Strong
ROCE 9.5% AverageROE 6.5% AverageD/E 0.28 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 72.5% Stable
Earnings Quality30/100 · Weak
OPM contracting (23% → 17%) DecliningWorking capital: 144 days Capital intensive
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +16% YoY GrowingProfit (4Q): -47% YoY Declining
Industry Rank65/100 · Strong
P/E 34.8 vs industry 64.6 Cheaper than peersROCE 9.5% vs industry 14.9% Average3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 3:27 am

Market Cap 1,315 Cr.
Current Price 170
Intrinsic Value₹105.36
High / Low 253/104
Stock P/E34.8
Book Value 77.9
Dividend Yield0.00 %
ROCE9.46 %
ROE6.51 %
Face Value 10.0
PEG Ratio-1.01

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for IKIO Lighting Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
IKIO Lighting Ltd 1,315 Cr. 170 253/10434.8 77.90.00 %9.46 %6.51 % 10.0
MIRC Electronics Ltd 1,243 Cr. 33.5 37.5/11.9 4.240.00 %5.35 %1.81 % 1.00
CWD Ltd 634 Cr. 286 425/16274.5 47.90.00 %9.51 %5.78 % 10.0
Elin Electronics Ltd 601 Cr. 121 234/93.614.6 1120.00 %6.97 %4.38 % 5.00
Focus Lighting & Fixtures Ltd 538 Cr. 79.7 126/57.1147 21.40.00 %14.0 %11.3 % 2.00
Industry Average14,780.63 Cr1,044.6164.61125.420.21%14.94%11.60%6.44

All Competitor Stocks of IKIO Lighting Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 11511510811811795127125122112120164146
Expenses 869286919178110103107106109146124
Operating Profit 2923232726171722156111822
OPM % 25%20%21%23%22%18%13%18%12%6%9%11%15%
Other Income 1116446342243
Interest 4333322222222
Depreciation 2324245776778
Profit before tax 25181926251516179141315
Tax % 28%22%26%30%24%36%21%22%17%181%44%19%27%
Net Profit 18141418191012138-121111
EPS in Rs 2.752.131.792.362.451.231.601.681.02-0.300.271.301.19

Last Updated: February 1, 2026, 12:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 11:37 am

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 220213332359438486542
Expenses 182165254281345426484
Operating Profit 38487778936058
OPM % 17%23%23%22%21%12%11%
Other Income 2123151512
Interest 54591288
Depreciation 4556122429
Profit before tax 30406966854233
Tax % 29%28%27%24%28%24%
Net Profit 21295150613223
EPS in Rs 4,282.005,762.0020.217.707.844.002.46
Dividend Payout % 0%0%0%0%13%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)38.10%75.86%-1.96%22.00%-47.54%
Change in YoY Net Profit Growth (%)0.00%37.77%-77.82%23.96%-69.54%

IKIO Lighting Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2020-2021 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 3:04 am

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.050.052565777777
Reserves 36638477476483499
Borrowings 5779116123705359
Other Liabilities 52324046356593
Total Liabilities 145174265311658678728
Fixed Assets 54596065106200206
CWIP 14927724859
Investments 0000000
Other Assets 90112195219480430463
Total Assets 145174265311658678728

Reserves and Borrowings Chart

Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 23-9-1557-53516
Cash from Investing Activity + 3-6-9-47-249-4-13
Cash from Financing Activity + -211024-8266-336
Net Cash Flow 5-4-1212-210
Free Cash Flow 26-15-2537-86-59-65
CFO/OP 92%6%0%98%26%90%37%

Free Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-19.00-31.00-39.00-45.0023.007.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 495661748185
Inventory Days 97175208191191184
Days Payable 857044383044
Cash Conversion Cycle 62161226227241225
Working Capital Days -3668754157144
ROCE %38%41%31%22%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.46%72.46%72.46%72.46%72.50%72.50%72.50%72.50%72.50%72.50%72.50%
FIIs 5.06%3.18%1.51%1.56%0.71%0.69%0.66%0.61%0.60%0.60%0.61%
DIIs 7.21%7.50%7.10%4.95%5.12%1.71%1.74%1.69%1.69%1.69%1.71%
Public 15.27%16.85%18.93%21.04%21.68%25.10%25.09%25.20%25.21%25.22%25.18%
No. of Shareholders 1,03,7221,02,0061,14,6001,24,1361,17,3561,14,8271,12,1891,07,3301,04,3211,02,39298,726

Shareholding Pattern Chart

No. of Shareholders

IKIO Lighting Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Large and Mid Cap Fund 682,473 0.03 9.69N/AN/AN/A
HDFC Infrastructure Fund 341,759 0.2 4.85559,1752026-03-15 03:11:27-38.88%

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 8.097.7011.208.236.40
Diluted EPS (Rs.) 8.097.7011.208.236.40
Cash EPS (Rs.) 9.398.5912.184608.003647.40
Book Value[Excl.RevalReserv]/Share (Rs.) 71.5321.8730.589663.205530.40
Book Value[Incl.RevalReserv]/Share (Rs.) 71.5321.8730.589663.205530.40
Revenue From Operations / Share (Rs.) 56.6755.1987.9631932.6028129.60
PBDIT / Share (Rs.) 13.9812.4116.396131.605284.20
PBIT / Share (Rs.) 12.4311.5215.415639.604835.40
PBT / Share (Rs.) 10.9410.1315.205527.404417.00
Net Profit / Share (Rs.) 7.847.7011.204116.003198.60
NP After MI And SOA / Share (Rs.) 7.847.7011.204116.003198.60
PBDIT Margin (%) 24.6722.4718.6319.2018.78
PBIT Margin (%) 21.9320.8617.5217.6617.18
PBT Margin (%) 19.2918.3417.2717.3015.70
Net Profit Margin (%) 13.8313.9412.7312.8811.37
NP After MI And SOA Margin (%) 13.8313.9412.7312.8811.37
Return on Networth / Equity (%) 10.9535.1936.6442.5957.83
Return on Capital Employeed (%) 16.6248.7749.0655.3578.82
Return On Assets (%) 9.2016.0924.8727.7731.37
Long Term Debt / Equity (X) 0.000.010.010.040.09
Total Debt / Equity (X) 0.080.800.200.100.28
Asset Turnover Ratio (%) 0.901.692.362.550.00
Current Ratio (X) 5.741.362.752.501.75
Quick Ratio (X) 4.050.591.101.130.91
Inventory Turnover Ratio (X) 2.092.553.474.340.00
Interest Coverage Ratio (X) 9.358.9376.7354.6512.63
Interest Coverage Ratio (Post Tax) (X) 6.246.5453.4537.688.64
Enterprise Value (Cr.) 2021.510.000.000.000.00
EV / Net Operating Revenue (X) 4.620.000.000.000.00
EV / EBITDA (X) 18.710.000.000.000.00
MarketCap / Net Operating Revenue (X) 4.950.000.000.000.00
Price / BV (X) 3.920.000.000.000.00
Price / Net Operating Revenue (X) 4.950.000.000.000.00
EarningsYield 0.020.000.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

IKIO Technologies Ltd. is a Public Limited Listed company incorporated on 21/03/2016 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L31401DL2016PLC292884 and registration number is 292884. Currently Company is involved in the business activities of Manufacture of electric lighting equipment. Company's Total Operating Revenue is Rs. 169.82 Cr. and Equity Capital is Rs. 77.28 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Consumer Electronics411, Arunachal Building, 19 Barakhamba Road, New Delhi Delhi 110001Contact not found
Management
NamePosition Held
Mr. Hardeep SinghChairman & Managing Director
Mrs. Surmeet KaurWhole Time Director
Mr. Rohit SinghalIndependent Director
Mr. Sanjeet SinghWhole Time Director
Mr. Chandra Shekar VermaIndependent Director
Mr. Kishor Kumar SansiIndependent Director
Dr. Rachana ChowdharyIndependent Director

FAQ

What is the intrinsic value of IKIO Lighting Ltd and is it undervalued?

As of 10 May 2026, IKIO Lighting Ltd's intrinsic value is ₹105.36, which is 38.02% lower than the current market price of ₹170.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.51 %), book value (₹77.9), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of IKIO Lighting Ltd?

IKIO Lighting Ltd is trading at ₹170.00 as of 10 May 2026, with a FY2026-2027 high of ₹253 and low of ₹104. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,315 Cr..

How does IKIO Lighting Ltd's P/E ratio compare to its industry?

IKIO Lighting Ltd has a P/E ratio of 34.8, which is below the industry average of 64.61. This is broadly in line with or below the industry average.

Is IKIO Lighting Ltd financially healthy?

Key indicators for IKIO Lighting Ltd: ROCE of 9.46 % is on the lower side compared to the industry average of 14.94%; ROE of 6.51 % is below ideal levels (industry average: 11.60%). Dividend yield is 0.00 %.

Is IKIO Lighting Ltd profitable and how is the profit trend?

IKIO Lighting Ltd reported a net profit of ₹32 Cr in Mar 2025 on revenue of ₹486 Cr. Compared to ₹51 Cr in Mar 2022, the net profit shows a declining trend.

Does IKIO Lighting Ltd pay dividends?

IKIO Lighting Ltd has a dividend yield of 0.00 % at the current price of ₹170.00. The company is currently not paying meaningful dividends.

Last Updated: May 5, 2026, 3:27 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543923 | NSE: IKIO
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in IKIO Lighting Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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