Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
IKIO Technologies Limited (IKIO)
Small CapIT stocks · Small cap · NSE
IKIO Technologies Limited operates in LED Lighting, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 09:46 am ISTDetails
Quote21 Oct, 09:46 am IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:08 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
66BullishSMA20 -6.9% / mo · MACD − · sector +17.6pp vs Nifty 500 (3M)
Stock trend: 43
Sector RS: 100
Sector 3M: +13.2% vs Nifty 500 -4.3%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
IKIOD candles · FIT view+18.1%TODAY · PROVISIONALLatest price ₹174.44 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-3.1%
RSI
34
MACD hist
-1.21
52W pos
52%
2026-10-21O ₹180.00H ₹180.47L ₹174.00C ₹174.44Vol 43,450 shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
IKIONifty ITNifty 500
- IKIO
- -15.8%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- -10.2 pp
Chart stats
19 Oct 2026- From 52W high
- -24.4%
- 52W range position
- 57%
- ATR (14)
- 4.9%
- Volume vs 20D
- 0.35x
- Avg traded value
- ₹2.6 Cr
- 20D price channel
- ₹176.3 - ₹216.8
₹238.8
₹103.5 - ₹238.8
₹8.8
Latest completed session
20-session average
32.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · OVERVALUED29
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +40.8% · PAT +450.0% YoY
Technical
Bullish66
Price trend and sector-relative-strength timing.
Valuation
Legacy model-76.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence69
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 90/100Rev +41% YoY · PAT +450% YoY · margin expansion · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹169 Cr | +40.8% | +2.4% |
| EBITDA | ₹22 Cr | +100.0% | -15.4% |
| Operating margin | 13.0% | +400 bps | -300 bps |
| PAT | ₹11 Cr | +450.0% | -38.9% |
| PAT margin | 6.5% | +484 bps | -440 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 32.00
- P/B
- 2.46
- EV/EBITDA
- 13.10
- Market Cap
- 1489.00Cr
Profitability
- ROE
- 7.13%
- ROCE
- 9.49%
- ROA
- 6.43%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 23.00%
- EPS 5Y
- 7.00%
- Revenue 3Y
- 18.00%
- EPS 3Y
- -6.00%
Balance Sheet
- Debt/Equity
- 0.12
- Interest Coverage
- 11.00×
- Altman Z
- 7.50
- Book Value
- 77.90
Cash Flow
- FCF Yield
- 0.27%
- FCF Positive Y
- 4/5
- OCF
- 16.00 Cr
- EPS TTM
- 6.02
Shareholding
- Promoter Hold
- 72.55%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 65%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 595+22.4% vs prev
Net Profit
₹ CrLatest: 42.0+31.3% vs prev
Return on Equity
%Latest: 7.0+22.2% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term uptrend intact. RSI 34.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~9.0% over last month) — short-term momentum negative.
- RSI(14) at 34 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 27% off 52W high · 68% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
59
RS percentile
Stage 2 UptrendEstablished S2
1M return
-14.2%
3M return
-15.8%
6M return
+23.5%
1Y return
-13.6%
RS 1D
-2
RS 20D
-21
Sector rank
#8
Industry rank
#39
Stage evidence
- Price is 3.0% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +4.7%.
50-DMA
price below
200-DMA
price above
S2 entered
21 Jul 2026
S2 age
63 trading sessions
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 89.04-1.58%
RS vs Nifty 50089
Valuation & peers
U-Score 29 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 29 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation1/30
Growth9/25
Quality0/20
Balance Sheet10/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
29
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
29/100 · legacy band OVERVALUED
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 10/15 to the score.
- Cash flow contributes 4/10 to the score.
Main drags
- Fair-value margin of safety is negative at -76.7%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 1/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
32.0
PB
2.5
EV/EBITDA
13.1
ROE
7.1%
ROCE
9.5%
FCF Yield
0.3%
Debt/Equity
0.1
MoS
-76.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
29
Previous: 29
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-76.7%
Previous: -82.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
29
29
29
29
29
29
29
29
29
29
29
29
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹102.72
-69.8% MoS
Growth-justified P/E
16.4
Growth-justified Value
₹98.73
-76.7% MoS
PEG
4.57
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
TAALTECH
Small
Taal Tech Limited
IT Services / Digital
match 139
42
23.3
18.3%
-93%
WATCHLIST
HGS
Small
Hinduja Global Solutions Limited
IT Services / Digital
match 138
31
—
0.4%
—
OVERVALUED
MOBIKWIK
Small
One Mobikwik Systems Limited
IT Services / Digital
match 138
15
540.0
-8.3%
-1630%
OVERVALUED
AURUM
Small
Aurum PropTech Limited
IT Services / Digital
match 138
40
143.0
-3.8%
+29%
WATCHLIST
CNL
Small
Creative Newtech Limited
IT Services / Digital
match 138
46
21.9
18.8%
+26%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
IKIO Technologies Limited operates in LED Lighting, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
69Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 59th percentile of the scored universe and 54th percentile within IT. Main check: financial discipline is weak at 30/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
56 docs text-extracted · 25 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
59th percentile
overall median 67 · IT: 54th pctile, median 69 · Small: 63rd pctile, median 66
Evidence depth
Financial-only
56 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
30
weak · capital discipline
Results
60
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 72.6%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.2%.
- ▸4 years of positive FCF.
Trust risks
- ▸ROE is low at 7.1%.
- ▸ROCE trend is -3.5%.
- ▸Revenue CAGR is 18% but EPS CAGR is -6%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching IKIO Technologies Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Annual reportJul 2026
Jul 2026 · Dispatch Of Letter Containing Web Link Of 10Th AGM Notice And Annual Report Pursuant To Regulation 36(1)(B) Of SEBI (LODR) Regulations, 2015 7 Jul - 10th AGM on July 30, 2026; annual report and notice web-link dispatched.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 3h - Mr. Nripendra Kumar Gupta appointed Assistant Vice President (Finance & Accounts) from July 06, 2026.
Source: Bse
Annual reportJun 2026
Jun 2026 · Reg. 34 (1) Annual Report. 7 Jul - IKIO Technologies filed its FY2025-26 annual report, highlighting expansion, new segments, and Block II commercialization by Q1 FY27.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement Under Regulations 30 Of SEBI (LODR) - Intimation For Postponement Of 10Th Annual General Meeting Of The Company 5 Jun - IKIO Technologies postpones its 10th AGM scheduled for June 27, 2026; revised date to be announced.
Source: Bse
Investor presentationJun 2026
Jun 2026 · Intimation Of Schedule Of Analyst/Institutional Investor Meetings Under The SEBI (LODR) Regulations, 2015 11 Jun - IKIO Technologies schedules a virtual group investor meeting on June 16, 2026 for Q4FY26 presentation.
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
AnnouncementQ4 2026
Q4 2026 · Annual Disclosure For The Financial Year 2025-26 - Large Corporate Disclosure 5 May - IKIO Technologies confirms it is not a Large Corporate for FY 2025-26; disclosure dated May 5, 2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.