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IKIO LIGHTING LTDIKIO LIGHTING LTDIKIO LIGHTING LTD

IKIO LIGHTING LTD

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IKIO trade ideas

IKIO Lighting LtdIncorporated in 2016, IKIO Lighting Limited is an Indian manufacturer of LED lighting solutions. Fundamentals:- Market Cap ₹ 2,488 Cr Dividend Yield 0.31 % Its a Small-Cap dividend giving stock. Stock PE 41 Industry PE 58.6 Stock PE is less than industry PE, shows a space for rise. Book Value ₹ 71.5 Graham Number ₹ 112 Intrinsic Value ₹ 167 Current Price ₹ 322 Stock Current Price is above all three. ROCE 21.7 % ROE 17.5 % Good ROCE & ROE Promoter holding 72.5 % Pledged promoter 0 % Promoter holding is good and No pledged. Debt ₹ 70.3 Cr. Reserves ₹ 476 Cr. Debt is less as compare to its reserve. Technicals:- Resistance are marked with Red horizontal lines. Entry (Support) and Stoploss as marked on the Chart. RSI taking trendline support marked as white line. Levels are:- Entry Near 310 -280 Stoploss 240 Tgt 340 - 390 - 475 This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
NSE:IKIOLong
by MasterTrader1949X
IKIO : Took a position for about 1.25% of the capitalFundamentals Goldman Sachs recently made a strategic addition to their India Equity Portfolio by incorporating IKIO, a small-cap gem poised for significant growth. Specializing in LED light solutions, IKIO operates in the B2B sector, manufacturing a diverse range of products such as LED lights, refrigeration lights, ABS pipes, and electrical items like fan regulators and switches. With an IPO price set at 285, the company's financials look promising, having recently raised 350 Cr, including 50 Cr allocated for debt repayment, reflecting a strong market reception. IKIO's notable moat in the industry stems from an established presence, complete backward integration, and a dedicated focus on research and development. Serving as a crucial participant in the Make In India project, IKIO has key clients like Philips, Voltas, Honeywell, and Anchor by Panasonic, emphasizing its foothold in premium segments. However, potential risks include client concentration, dependence on component imports from China, Hong Kong, and Taiwan, and formidable competition from domestic and international players. Despite these challenges, IKIO's growth plans, such as expanding manufacturing capacity and product portfolios, align well with the rising demand for energy-efficient solutions in smart city projects and infrastructure development. With a market cap of 2700 Cr, IKIO stands as a potential multi-bagger in the long term, offering an exciting prospect in the evolving landscape of LED technology and related sectors. Technicals Given the clear downtrend in the stock, pinpointing a bottom becomes exceptionally challenging. Consequently, I've opted to initiate a position with approximately 1.25% of the net capital, selecting a level near the current all-time low. Anticipating a potential upward move of around 50% toward the all-time highs from the current levels. Will consider adding on further after doing further analysis on the stock and also after considering the overall macro and micro economic situations at the moment.
NSE:IKIOLong
by Sniper-Traders