IZMO Ltd(IZMO)

NSE: IZMOBSE: 532341

₹ 695-2.13%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 1,041 crWebsite: www.izmoltd.comUpdated: 24 Oct 2026

About

IZMO Ltd is an India-based IT-enabled services company. It provides digital marketing and data analytics to automotive dealers and OEMs worldwide, and is expanding into advanced semiconductor packaging through izmo Microsystems. The company reported FY26 revenue of Rs 284.88 crores. It operates across the US, Europe, the UK and India.^[1]

Business segments

izmocars earned ₹16.89 Cr and izmostudio earned ₹24.11 Cr in Q1 FY27. Both returned to Q2/Q3 FY26 levels after an elevated Q4 FY26.^[2]
izmoStudio (digital marketing for automotive dealers and OEMs) earned INR 55.93 crores in Q4 FY26, up from INR 24.47 crores in Q3 FY26. Part of this came from one-time OEM projects.^[3]
FrogData (AI and data analytics for automotive dealers) earned about ₹15 Cr in Q1 FY27, broadly flat.^[2]
izmo Microsystems (semiconductor packaging) earned ₹9.24 Cr in Q1 FY27 vs ₹9.23 Cr in Q4 FY26. That is about 2.5x its Q2/Q3 FY26 level of ₹3.7-3.8 Cr.^[2]
Export revenue was 85.8% of the total in Q1 FY27 vs 93.2% in FY26. Domestic revenue was ₹9.28 Cr (14.2%) in Q1 FY27 vs ₹19.35 Cr for all of FY26.^[2]

Products and services

In Q4 FY26, FrogData's FixedOps Mojo and FixedOps Velocity became available to Ford and Lincoln retailers in the US through FordDirect's The Shop marketplace.^[3][2]
IZMO launched the izmo AI Factory, an AI innovation hub. Its first product is DEEP (Data Extraction & Enrichment Platform).^[4]
izmoMicro has a tri-party collaboration with CCRAFT (Swiss foundry) and Alcyon Photonics (Madrid) for photonic IC packaging. Revenue from it is expected in FY27.^[3]
izmoMicro built a 32-channel silicon photonics packaging platform with sub-2 dB insertion loss and performance up to 70 GHz. It is the photonic IC packaging partner for IIT Madras's CPPICS program.^[3]
izmoMicro developed a 3D System-in-Package module for space payload camera electronics. It shrank a 200×200 mm PCB to an 81×81 mm module, an 84% footprint reduction.^[4][2]

Operations and capacity

As of Q4 FY26, izmoMicro's current facility could support up to INR 150 crores of addressable revenue.^[3]
A new subsidiary in Germany is the base for izmoMicro's European expansion. izmoMicro also joined Silicon Saxony, a German semiconductor cluster.^[3]

Key operating numbers

IZMO added 170 new clients in Q1 FY27: 117 in the US and 53 in Europe/UK. In Q4 FY26 it added 113 in the US and 33 in Europe/UK.^[2][3]
Gross revenue retention was 98.5% in Q1 FY27. It was also 98.5% in every quarter of FY26.^[2][3]
There were 3,000+ dealers on the platform in Q1 FY27. FrogData served 2,200+ dealers in 20+ countries as of Q4 FY26.^[2][3]
As of Q4 FY26, izmoMicro had an order book of INR 40 crores and a pipeline of INR 100 crores.^[3]

Customers and distribution

In Q4 FY26, izmocars finished rolling out its digital marketing platform across Stellantis's entire European aftersales network.^[3]
Defence customers are izmoMicro's largest sector. In Q1 FY27 the company expanded its RF module packaging and radar receiver module assembly work for them.^[3][2]
The Geronimo (UK) acquisition in Q1 FY26 brought OEM and dealer clients in Germany and Central Europe.^[5]

Expansion and capex

As of Q4 FY26, IZMO planned to raise INR 150 crores through equity and debt: INR 125 crores for capex and INR 25 crores for working capital.^[3]
The expanded izmoMicro facility targets INR 1,200 crores of addressable revenue. It is due by Q2 FY28, with revenue expected from Q3 FY28.^[3]
As of Q1 FY27, funding and capacity expansion at izmo Microsystems are being evaluated, depending on customer demand and technology readiness.^[2]
Utilisation after the expansion is planned at 20% in the first six months, rising to 50-60% and then 80-90%.^[3]

Recent developments

On 7 October 2026, izmo Microsystems entered Phase II of a MeitY-sanctioned silicon photonics program with IIT Madras. Total outlay is ₹99.94 crore, of which izmo Microsystems commits ₹2.40 crore.^[6]
As of Q4 FY26, izmoMicro's first silicon photonics data centre customer delivery was targeted for Q1 FY27.^[3]

Market Cap

₹1,041 Cr

High / Low

₹1,178 / 565

Stock P/E

19.7

Price / Book

2.6

Book Value

₹273

EPS

₹31.8

No. of Shares

1.5 Cr

ROCE

12.7%

ROE

12.4%

OPM

16.5%

Debt / Equity

0.01

Sales

₹285 Cr

Net Profit

₹48 Cr

Promoter holding

34.8%

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