IKIO Technologies Ltd is an Original Design Manufacturer (ODM) that specializes in the design, development, manufacture, and supply of products, primarily in LED lighting. The company was initially incorporated as 'IKIO Lighting Private Limited' on March 21, 2016. It later transitioned to a Public Company, changing its name to 'IKIO Lighting Limited' on April 18, 2022. Most recently, in March 2025, the company changed its name to IKIO Technologies Limited.
IKIO Technologies Limited is a manufacturing company committed to providing end-to-end product solutions. Its diverse offerings include light-emitting diode (LED) lighting, electronics, refrigeration lighting, hardware, and recreational vehicle (RV) components. With a product portfolio exceeding 1,000 SKUs, IKIO Technologies focuses on serving both domestic and international markets.
The company's LED lighting segment targets the premium market, encompassing a wide range of lighting products, fittings, fixtures, accessories, and components. IKIO provides ODM services for LED lights, switches and hardware components, LED refrigeration lights and controls, recreational vehicle components, and LED drivers.
Beyond LED lighting, the company offers comprehensive lighting solutions, including lights, drivers, and controls, for commercial refrigeration equipment manufacturers. Its non-lighting solutions include products such as solar panels, ABS pipes, IPS controllers, rotary switches, fan regulators and assembly, lithium batteries, and USB chargers. Additionally, IKIO produces other client-designed products like fan regulators, light strips, mouldings, and various components and spares.
The company has strategically expanded its operations over the years. In 2016, it commenced the manufacturing of refrigerator lights. In 2019, IKIO established a new business in the Noida Special Economic Zone to focus on 100% export activities. In the fiscal year 2022-23, the company acquired 100% equity shareholding of IKIO Solutions Private Limited and Fine Technologies (India) Private Limited, making them subsidiaries effective from September 12, 2022.
IKIO Technologies operates four manufacturing facilities: two in Uttarakhand and two in Noida. These units are equipped with advanced machinery and equipment, including automatic surface-mounted machines, automatic metal cutting and shaping machines, and automatic powder coating lines for fixtures. The backward integration capabilities further enhance its manufacturing prowess, covering processes such as automatic surface-mounted machines for component placement on circuit boards, automatic metal cutting and shaping, automatic powder coating, LED light assembly lines, manual insertion, quality checks, final packing, and injection moulding (including machines, moulds, and tools).
IKIO Technologies Ltd currently holds a market capitalization of ₹1,701 crore as of May 2025. The company's 52-week high share price is ₹343.00, and its 52-week low share price is ₹165.45.
For the financial year 2025, the company reported a net profit of ₹30.91 crore, a decline of 48.97% compared to ₹60.57 crore in the previous year (FY2024). However, sales demonstrated growth, rising 10.94% to ₹485.88 crore in FY2025, up from ₹437.95 crore in FY2024.
The company's quarterly performance for Q4 FY25 showed mixed results. IKIO Technologies reported a net loss of ₹2.34 crore in the quarter ended March 2025, contrasting with a net profit of ₹9.52 crore in the previous quarter ended March 2024. Sales, however, increased by 18.46% to ₹112.29 crore in Q4 FY25, compared to ₹94.79 crore in Q4 FY24.
- Revenue (FY25): ₹485.88 crore
- Net Profit (FY25): ₹30.91 crore
- Market Capitalization: ₹1,701 crore (as of May 2025)
- P/E Ratio: 55.48
- P/B Ratio: 3.10
- Return on Equity (ROE): 5.55%
- Return on Capital Employed (ROCE): 8.21%
- Dividend Yield: 0.47%
The promoters of IKIO Technologies Ltd are Hardeep Singh and Surmeet Kaur, who collectively hold 72.49% of the total equity. Promoter holding in IKIO Technologies Ltd has remained stable at 72.50% as of March 2025, with no promoter pledging.
The company has been undergoing strategic changes recently, including the appointment of Sanjeet Singh as CEO on May 13, 2025. IKIO Technologies reported mixed financial results, with consolidated sales showing an 18.46% increase year-on-year, but standalone sales experiencing a 27% decline year-on-year.
IKIO Lighting Limited has demonstrated resilience with an 11% revenue growth year-on-year for H1 FY25, despite a slight decline in Q2 due to shifts in its ODM segment. The company is strategically expanding its product offerings and geographic reach, particularly in the energy solutions and hearables markets, while transitioning from OEM to ODM to enhance margins.
Challenges such as increased operational expenses and supply chain constraints, especially in solar panel production, have led to margin compression. However, management remains optimistic about future growth, anticipating a rebound in sales and improved EBITDA margins as new facilities ramp up production and new products gain traction in the market.
The company's strategic focus on expanding its technological capabilities and product portfolio positions it well for future growth opportunities in the LED lighting and energy solutions market. With its strong manufacturing infrastructure and diversified product offerings, IKIO Technologies is well-positioned to capitalize on the growing demand for energy-efficient lighting solutions in both domestic and international markets.
