New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.3% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₹203, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 30x in the Electrical industry in India. Total loss to shareholders of 50% over the past three years. Announcement • Jul 02
IKIO Technologies Limited, Annual General Meeting, Jul 30, 2026 IKIO Technologies Limited, Annual General Meeting, Jul 30, 2026, at 15:30 Indian Standard Time. Announcement • May 04
IKIO Technologies Limited, Annual General Meeting, Jun 27, 2026 IKIO Technologies Limited, Annual General Meeting, Jun 27, 2026. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹170, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 30x in the Electrical industry in India. Total loss to shareholders of 24% over the past year. Announcement • May 03
IKIO Technologies Limited Announces Appointment of Mr. Narendra Prasad as the Chief Information Security Officer, Effective May 02, 2026 IKIO Technologies Limited Board of Directors, at their meeting held on May 02, 2026, announced appointment of Mr. Narendra Prasad as the Chief Information Security Officer (CISO) of the Company. Mr. Narendra Prasad is serving as Chief Technology Officer (CTO) at IKIO Technologies Limited since 10th August 2024. He holds qualifications in MCA and MBA (Information Systems) and has more than working 21 years of experience in Information Technology, with expertise in IT Infrastructure, Enterprise Applications, Virtualization, Cloud Technologies, Information Security, and People Management. Previously he was associated with: HCL Tech -- From May 2023 to June 2024, IBM /Kyndryl -- From June 2016 to May 2023, HCL Tech -- From November 2013 to June 2016 and Sanat Products Limited -- From November 2004 to November 2013. He has extensive experience in enterprise IT management, cybersecurity ~governance, digital transformation initiatives, and technology strategy execution across multinational and diversified business environments. Announcement • Apr 24
IKIO Technologies Limited to Report Q4, 2026 Results on May 02, 2026 IKIO Technologies Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 02, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹124, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 24x in the Electrical industry in India. Total loss to shareholders of 47% over the past year. Recent Insider Transactions • Mar 28
Chairman & MD recently bought ₹1.2m worth of stock On the 25th of March, Hardeep Singh bought around 10k shares on-market at roughly ₹117 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Hardeep's only on-market trade for the last 12 months. New Risk • Mar 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.15b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.0% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (₹9.15b market cap, or US$99.1m). Reported Earnings • Feb 01
Third quarter 2026 earnings released: EPS: ₹1.39 (vs ₹1.01 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.39 (up from ₹1.01 in 3Q 2025). Revenue: ₹1.49b (up 22% from 3Q 2025). Net income: ₹91.9m (up 17% from 3Q 2025). Profit margin: 6.2% (down from 6.5% in 3Q 2025). The decrease in margin was driven by higher expenses. Announcement • Jan 19
IKIO Technologies Limited to Report Q3, 2026 Results on Jan 31, 2026 IKIO Technologies Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Jan 31, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹1.41 (vs ₹1.67 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.41 (down from ₹1.67 in 2Q 2025). Revenue: ₹1.69b (up 35% from 2Q 2025). Net income: ₹100.3m (down 23% from 2Q 2025). Profit margin: 6.0% (down from 10% in 2Q 2025). The decrease in margin was driven by higher expenses. Announcement • Nov 04
IKIO Technologies Limited to Report Q2, 2026 Results on Nov 07, 2025 IKIO Technologies Limited announced that they will report Q2, 2026 results on Nov 07, 2025 New Risk • Sep 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (4.6% net profit margin). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹229, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 38x in the Electrical industry in India. Total loss to shareholders of 22% over the past year. Reported Earnings • Jul 31
Full year 2025 earnings released: EPS: ₹4.18 (vs ₹8.09 in FY 2024) Full year 2025 results: EPS: ₹4.18 (down from ₹8.09 in FY 2024). Revenue: ₹4.86b (up 11% from FY 2024). Net income: ₹324.2m (down 47% from FY 2024). Profit margin: 6.7% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Jul 30
IKIO Technologies Limited to Report Q1, 2026 Results on Aug 02, 2025 IKIO Technologies Limited announced that they will report Q1, 2026 results at 4:00 PM, Indian Standard Time on Aug 02, 2025 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Woman Director Rachana Chowdhary was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 15
Full year 2025 earnings released: EPS: ₹4.19 (vs ₹8.09 in FY 2024) Full year 2025 results: EPS: ₹4.19 (down from ₹8.09 in FY 2024). Revenue: ₹5.01b (up 14% from FY 2024). Net income: ₹309.1m (down 49% from FY 2024). Profit margin: 6.2% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • May 03
IKIO Technologies Limited to Report Q4, 2025 Results on May 13, 2025 IKIO Technologies Limited announced that they will report Q4, 2025 results on May 13, 2025 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹228, the stock trades at a trailing P/E ratio of 42.4x. Average trailing P/E is 34x in the Electrical industry in India. Total loss to shareholders of 22% over the past year. New Risk • Feb 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (9.1% net profit margin). Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹181, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 39x in the Electrical industry in India. Total loss to shareholders of 40% over the past year. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹1.01 (vs ₹2.56 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.01 (down from ₹2.56 in 3Q 2024). Revenue: ₹1.25b (up 7.2% from 3Q 2024). Net income: ₹78.8m (down 58% from 3Q 2024). Profit margin: 6.3% (down from 16% in 3Q 2024). The decrease in margin was driven by higher expenses. Announcement • Jan 30
IKIO Lighting Limited to Report Q3, 2025 Results on Feb 07, 2025 IKIO Lighting Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹1.67 (vs ₹2.36 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.67 (down from ₹2.36 in 2Q 2024). Revenue: ₹1.28b (up 8.7% from 2Q 2024). Net income: ₹129.9m (down 29% from 2Q 2024). Profit margin: 10% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Announcement • Oct 31
IKIO Lighting Limited to Report Q2, 2025 Results on Nov 08, 2024 IKIO Lighting Limited announced that they will report Q2, 2025 results on Nov 08, 2024 New Risk • Sep 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.9% increase in shares outstanding). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Short dividend paying track record (less than a year of continuous dividend payments). Announcement • Aug 22
IKIO Lighting Limited Approves Final Dividend for the Year Ended March 31, 2024 IKIO Lighting Limited announced that at its AGM held on 20 August 2024, the shareholders approved the payment of final dividend of INR 1 per equity share of face value of INR 10 each for the year ended March 31, 2024. Announcement • Aug 21
IKIO Lighting Limited Approves Appointment of Mrs. Rachana Chowdhary as an Independent Woman Director IKIO Lighting Limited informed that the shareholders of the Company at their 8th Annual General Meeting held on 20th August, 2024 has, inter alia considered and approved the appointment of Mrs. Rachana Chowdhary as an Independent Woman Director of the Company for three years from May 24, 2024 to May 23, 2027. Dr. Rachana Chowdhary is a distinguished global communications leader renowned for her expertise in empowering small and medium-sized businesses through strategic digital publishing and outreach. As a recipient of the prestigious USCIS Einstein Visa (EB1A) in October 2023, she has been recognized among the world's top 5 women entrepreneurs. Dr. Chowdhary has also received the Atlas Lifetime Achievement Award from the Public Relations Society of America (PRSA) for her significant contributions to international public relations. With over two decades of experience, Dr. Chowdhary has successfully managed over 25,000 campaigns across 21 industries, generating more than 2 billion impressions. Her career is marked by her passion for authentic and organic business communications, as well as her ability to build and scale global communications ecosystems. Date of appointment: August 20, 2024. Board Change • Aug 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-executive Independent Woman Director Rachana Chowdhary was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 30
Full year 2024 earnings released: EPS: ₹8.09 (vs ₹7.70 in FY 2023) Full year 2024 results: EPS: ₹8.09 (up from ₹7.70 in FY 2023). Revenue: ₹4.38b (up 22% from FY 2023). Net income: ₹605.7m (up 21% from FY 2023). Profit margin: 14% (in line with FY 2023). Announcement • Jul 29
IKIO Lighting Limited to Report Q1, 2025 Results on Aug 09, 2024 IKIO Lighting Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Recent Insider Transactions • Jun 10
Chairman & MD recently bought ₹4.0m worth of stock On the 6th of June, Hardeep Singh bought around 15k shares on-market at roughly ₹265 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Hardeep's only on-market trade for the last 12 months. Announcement • May 30
IKIO Lighting Limited Announces Resignation of Subhash Chand Agrawal as Chief Financial Officer, Effective June 30, 2024 IKIO Lighting Limited informed that Mr. Subhash Chand Agrawal, Chief Financial Officer (CFO) and Key Managerial Person (KMP) of the Company had tendered his resignation as CFO & KMP, on May 28, 2024, to pursue professional goals outside the organisation. His last working day with the organisation will be June 30, 2024. Reported Earnings • May 27
Full year 2024 earnings released: EPS: ₹8.09 (vs ₹7.70 in FY 2023) Full year 2024 results: EPS: ₹8.09 (up from ₹7.70 in FY 2023). Revenue: ₹4.53b (up 26% from FY 2023). Net income: ₹605.7m (up 21% from FY 2023). Profit margin: 13% (in line with FY 2023). Announcement • May 27
IKIO Lighting Limited Recommends Final Dividend for the Financial Year Ended 31 March, 2024 IKIO Lighting Limited Recommended a final dividend of INR 1 per equity share (@10%) of face value of INR 10 each for the financial year ended 31 March, 2024 which, if confirmed/declared by the members at the upcoming Annual General Meeting, will be paid/dispatched within 30 days from the date of AGM. The Company has fixed August 13, 2024 as record date. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹2.56 (vs ₹2.38 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.56 (up from ₹2.38 in 3Q 2023). Revenue: ₹1.21b (up 2.3% from 3Q 2023). Net income: ₹189.6m (up 23% from 3Q 2023). Profit margin: 16% (up from 13% in 3Q 2023). Reported Earnings • Nov 06
Second quarter 2024 earnings released: EPS: ₹2.36 (vs ₹2.38 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.36. Revenue: ₹1.18b (flat on 2Q 2023). Net income: ₹182.4m (up 18% from 2Q 2023). Profit margin: 16% (up from 13% in 2Q 2023). New Risk • Aug 26
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 81% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 05
First quarter 2024 earnings released First quarter 2024 results: EPS: ₹1.79. Net income: ₹138.5m (up ₹138.5m from 1Q 2023). Announcement • Jul 25
IKIO Lighting Limited to Report Q1, 2023 Results on Aug 04, 2023 IKIO Lighting Limited announced that they will report Q1, 2023 results on Aug 04, 2023