Buy IKIO Lighting, target price Rs 390: Anand Rathi

Anand Rathi has buy call on IKIO Lighting with a target price of Rs 390. The current market price of IKIO Lighting Ltd. is Rs 325.5.

IKIO Lighting Ltd., incorporated in the year 2016, is a Small Cap company (having a market cap of Rs 2455.21 Crore) operating in General sector.

IKIO Lighting Ltd. key Products/Revenue Segments include Electrical Equipment for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 124.09 Crore, up 13.55 % from last quarter Total Income of Rs 109.28 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 18.24 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 72.46 per cent stake in the company as of 30-Sep-2023, while FIIs owned 3.18 per cent, DIIs 7.5 per cent.