Ion Exchange (India) Limited IONEXCHANG NSEINFRA
Ion Exchange (India) Limited, together with its subsidiaries, provides water and environmental management solutions in India and internationally. It operates through Engineering, Chemicals, and Consumer Products segments. The company offers raw water, process, post, and drinking water treatment; waste water, water recycling, and zero liquid discharge systems; sludge dewatering and waste to energy systems; ion exchange process, membrane process, ion exchange membrane process, and 3D modelling systems; and resin, incudes water purification equipment; and catalyst grade, adsorbent grade, chemical and special process, pharma grade, nuclear grade, hydrometallurgy, food and beverage, bio diesel, and sugar refining resins. It also provides membranes, such asnano filtration, ultra-filtration, low pressure and seawater RO, fouling resistant, and brackish resistant membranes; and specialty chemical treatment programmes, including cooling and boiler water treatment products, fireside treatment products, coagulants, flocculants, membrane cleaning chemicals, and water testing kits. In addition, the company offers INDION online controllers and transmitters, water quality monitoring instruments, water quality measuring indicators, remote monitoring systems, and online effluent monitoring systems; and consultancy, operator training, design engineering, project financing, and operations and maintenance services, as well as installation, commissioning, rehabilitation, and plant automation services. It serves automotive, cement, chemicals, electronics, food and beverage, fertilizers, paper and pulp, pharma, power, refinery and petrochemicals, steel and metallurgy, mining and minerals, sugar, and textiles industries; educational, hospitality, hospital, laboratory, railway, and defense institutions; communities and municipalities; and residential and commercial establishments industries. The company was incorporated in 1964 and is based in Mumbai, India.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 13.8% over 5 years.
CONS
- Earnings shrank at -10.2% CAGR over 5 years.
- Trading 36.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | IONEXCHANG Ion Exchange (India) Limited NSEINFRA | 362.05 | 30.12 | ₹4,450.70 Cr | 0.35% | 12.39% | 11.23% | 13.79% | -10.16% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 644.47 Cr | 690.51 Cr | 834.56 Cr | 583.19 Cr | 734.44 Cr | 863.27 Cr |
| Cost of Revenue | 408.76 Cr | 436.56 Cr | 541.24 Cr | 343.58 Cr | 461.52 Cr | 589.11 Cr |
| Gross Profit | 235.71 Cr | 253.95 Cr | 293.32 Cr | 239.61 Cr | 272.92 Cr | 274.16 Cr |
| Operating Expenses | 178.30 Cr | 189.81 Cr | 219.31 Cr | 189.33 Cr | 232.24 Cr | 273.89 Cr |
| Operating Income | 57.41 Cr | 64.14 Cr | 74.01 Cr | 50.28 Cr | 40.68 Cr | 27.00 L |
| EBITDA | 82.83 Cr | 84.38 Cr | 100.58 Cr | 80.74 Cr | 54.82 Cr | 62.87 Cr |
| Interest Expense | 3.62 Cr | 3.30 Cr | 3.61 Cr | 2.56 Cr | 7.57 Cr | 10.79 Cr |
| Pretax Income | 68.32 Cr | 69.75 Cr | 85.14 Cr | 65.92 Cr | 28.68 Cr | 32.48 Cr |
| Tax Provision | 17.68 Cr | 20.16 Cr | 21.90 Cr | 17.48 Cr | 8.12 Cr | 8.19 Cr |
| Net Income | 50.94 Cr | 48.56 Cr | 63.35 Cr | 48.70 Cr | 20.30 Cr | 24.14 Cr |
| Diluted EPS | 4.30 | 4.10 | 5.34 | 4.11 | 1.71 | 2.04 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 1,978.60 Cr | 2,337.87 Cr | 2,737.11 Cr | 2,914.84 Cr |
| Cost of Revenue | - | 1,243.44 Cr | 1,465.75 Cr | 1,725.41 Cr | 1,853.58 Cr |
| Gross Profit | - | 735.16 Cr | 872.12 Cr | 1,011.70 Cr | 1,061.26 Cr |
| Operating Expenses | - | 501.08 Cr | 624.63 Cr | 762.37 Cr | 913.71 Cr |
| Operating Income | - | 234.08 Cr | 247.49 Cr | 249.33 Cr | 147.55 Cr |
| EBITDA | - | 295.51 Cr | 315.55 Cr | 343.43 Cr | 281.54 Cr |
| Interest Expense | - | 7.72 Cr | 10.25 Cr | 13.46 Cr | 24.00 Cr |
| Pretax Income | - | 258.70 Cr | 268.89 Cr | 285.48 Cr | 194.94 Cr |
| Tax Provision | - | 63.74 Cr | 73.54 Cr | 77.23 Cr | 51.73 Cr |
| Net Income | - | 196.74 Cr | 196.02 Cr | 207.81 Cr | 142.67 Cr |
| Diluted EPS | - | 16.59 | 16.53 | 17.53 | 12.03 |
Compounded Sales Growth
| 5 Years: | 13.79% |
| 1 Year: | 3.40% |
Compounded Profit Growth
| 5 Years: | -10.16% |
| 1 Year: | -61.90% |
Stock Price Performance
| 1 Year: | -33.78% |
| 6 Months: | +4.62% |
| 3 Months: | -5.92% |
| 1 Month: | -8.87% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 1,940.14 Cr | 2,449.37 Cr | 2,986.92 Cr | 3,379.93 Cr |
| Current Assets | - | 1,627.91 Cr | 1,950.64 Cr | 2,180.27 Cr | 2,356.72 Cr |
| Cash & Equivalents | - | 175.36 Cr | 153.64 Cr | 149.29 Cr | 184.56 Cr |
| Inventory | - | 222.26 Cr | 236.54 Cr | 298.99 Cr | 441.39 Cr |
| Receivables | - | 696.79 Cr | 934.78 Cr | 1,133.91 Cr | 1,074.69 Cr |
| Total Liabilities | - | 1,104.34 Cr | 1,429.56 Cr | 1,777.44 Cr | 2,039.61 Cr |
| Current Liabilities | - | 1,051.35 Cr | 1,259.08 Cr | 1,468.15 Cr | 1,613.42 Cr |
| Long Term Debt | - | 15.68 Cr | 109.05 Cr | 252.06 Cr | 357.58 Cr |
| Total Debt | - | 59.23 Cr | 152.41 Cr | 322.60 Cr | 482.19 Cr |
| Total Equity | - | 833.49 Cr | 1,017.91 Cr | 1,207.87 Cr | 1,339.03 Cr |
| Shares Outstanding | - | 14.67 Cr | 14.67 Cr | 14.67 Cr | 14.67 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 62.73 Cr | 129.94 Cr | 32.05 Cr | -28.47 Cr |
| Investing Cash Flow | - | -40.41 Cr | -160.05 Cr | -164.57 Cr | -44.46 Cr |
| Financing Cash Flow | - | -15.31 Cr | 8.36 Cr | 128.20 Cr | 100.11 Cr |
| Capital Expenditure | - | -59.84 Cr | -120.33 Cr | -320.39 Cr | -254.14 Cr |
| Free Cash Flow | - | 2.88 Cr | 9.61 Cr | -288.34 Cr | -282.61 Cr |
| Net Change in Cash | - | 7.01 Cr | -21.74 Cr | -4.32 Cr | 27.18 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 37.2% | 37.3% | 37.0% | 36.4% |
| Operating Margin % | - | 11.8% | 10.6% | 9.1% | 5.1% |
| Net Margin % | - | 9.9% | 8.4% | 7.6% | 4.9% |
| ROE % | - | 23.6% | 19.3% | 17.2% | 10.7% |
| ROCE % | - | 26.3% | 20.8% | 16.4% | 8.4% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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