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Ion Exchange (India) Limited IONEXCHANG NSEINFRA

Industrials · Pollution & Treatment Controls · India
https://www.ionexchangeglobal.com
Company Profile ↓
₹351.60
-19.74% 1Y
Mkt Cap₹4,322.23 Cr
P/E42.52
P/B3.46
Div. Yield0.31%
52W High₹466.72
52W Low₹316.18
Book Value₹112.94
EPS (TTM)₹8.27

Company Overview

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 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.

Why Investors Should Care

Steady Revenue Expansion

Revenue has grown at a 13.8% CAGR over the past five years.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.36.

Recent Developments

  • Mar 2026 Revenue of ₹2,914.84 Cr (+6.5% YoY); net profit ₹142.67 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +20.1%, earnings -91.6%.
  • 5-Year Trend Long-term compounding — revenue CAGR 13.8%, profit CAGR -10.2%.

Growth & Price Performance

Compounded Sales Growth

5 Years:13.79%
1 Year:20.10%

Compounded Profit Growth

5 Years:-10.16%
1 Year:-91.60%

Stock Price Performance

1 Year:-19.74%
6 Months:-13.62%
3 Months:-14.99%
1 Month:-18.66%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 24% of range
₹316.18 ₹466.72
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)22.90 · Oversold
Price Performance
1M-18.66%
3M-14.99%
6M-13.62%
1Y-19.74%
Valuation vs Sector

P/E of 42.52 is above the sector median of 25.87 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 13.8% over 5 years.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Earnings shrank at -10.2% CAGR over 5 years.
  • RSI at 23 suggests oversold conditions.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
42.52
Industry PE
25.87
Forward P/E
19.53
PEG Ratio
-
Book Value
₹112.94
Price to Book
3.46
P/S
1.94
EV/EBITDA
27.17
Dividend Yield
0.31%

Growth (CAGR)

Revenue 5Y
13.79%
Profit 5Y
-10.16%
Revenue (YoY)
20.10%
Earnings (YoY)
-91.60%

Profitability & Returns

ROCE
12.39%
ROE
10.65%
ROA
4.22%
Profit Margin
3.23%
Op Margin
1.43%
Gross Margin
35.46%
EPS (Latest Qtr)
₹2.04
EPS (TTM)
₹8.27

Balance Sheet & Liquidity

Debt/Equity
0.36
Quick Ratio
1.19
Current Ratio
1.46
Debt
₹482.19 Cr
Total Assets
₹3,379.93 Cr
Current Assets
₹2,356.72 Cr
Working Capital
₹743.30 Cr

Ownership

Promoter Holding
44.04%
Chg in Prom Hold
-0.28%
FII / Inst Holding
20.23%
Chg in FII Hold
0.02%

Financial Snapshot

Enterprise Value
₹4,322.23 Cr
Total Revenue (TTM)
₹3,032.11 Cr
EBITDA
₹176.99 Cr
Free Cash Flow
₹-282.61 Cr
Operating Cash Flow
₹-28.47 Cr
Shares Outstanding
₹12.29 Cr
Gross Margin
35.46%
Payout Ratio
18.13%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 IONEXCHANG Ion Exchange (India) Limited NSEINFRA 351.60 42.52 ₹4,322.23 Cr 0.31% 12.39% 10.65% 13.79% -10.16%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,636.00 30.16 ₹5.00 L Cr 1.05% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,748.80 29.85 ₹4.03 L Cr 0.44% 10.97% 13.32% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,854.40 34.83 ₹3.25 L Cr 0.97% 13.80% 22.21% 7.87% 16.08%
5 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 371.20 44.19 ₹2.71 L Cr 0.66% 31.88% 25.27% 15.47% 26.64%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,641.50 -37.32 ₹1.79 L Cr 0.00% 4.02% -34.31% 15.55% -227.40%
7 BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU 410.20 58.68 ₹1.43 L Cr 0.31% 6.60% 6.12% 13.49% 35.91%
8 ABB ABB India Limited NSEAIINFRA 6,559.50 89.35 ₹1.39 L Cr 0.44% 28.45% 19.13% 15.41% 17.97%
9 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 821.00 103.53 ₹1.29 L Cr 0.15% 19.35% 15.13% 21.22% 7.81%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 647.00 Cr479.00 Cr533.00 Cr554.00 Cr782.00 Cr568.00 Cr644.00 Cr690.51 Cr834.56 Cr583.19 Cr734.00 Cr734.44 Cr863.27 Cr
Cost of Revenue -------436.56 Cr541.24 Cr343.58 Cr-461.52 Cr589.11 Cr
Gross Profit -------253.95 Cr293.32 Cr239.61 Cr-272.92 Cr274.16 Cr
Operating Expenses 541.00 Cr430.00 Cr473.00 Cr483.00 Cr690.00 Cr503.00 Cr576.00 Cr189.81 Cr219.31 Cr189.33 Cr665.00 Cr232.24 Cr273.89 Cr
Operating Income 99.00 Cr41.00 Cr52.00 Cr61.00 Cr82.00 Cr54.00 Cr57.00 Cr64.14 Cr74.01 Cr50.28 Cr56.00 Cr40.68 Cr27.00 L
EBITDA 106.00 Cr49.00 Cr60.00 Cr71.00 Cr92.00 Cr64.00 Cr68.00 Cr84.38 Cr100.58 Cr80.74 Cr68.00 Cr54.82 Cr62.87 Cr
Interest Expense 2.00 Cr2.00 Cr4.00 Cr3.00 Cr3.00 Cr3.00 Cr4.00 Cr3.30 Cr3.61 Cr2.56 Cr3.00 Cr7.57 Cr10.79 Cr
Pretax Income 102.00 Cr48.00 Cr59.00 Cr67.00 Cr95.00 Cr62.00 Cr68.00 Cr69.75 Cr85.14 Cr65.92 Cr68.00 Cr28.68 Cr32.48 Cr
Tax Provision 21.42 Cr14.40 Cr16.52 Cr20.10 Cr22.80 Cr17.36 Cr17.68 Cr20.16 Cr21.90 Cr17.48 Cr17.68 Cr8.12 Cr8.19 Cr
Net Income 81.00 Cr33.00 Cr42.00 Cr47.00 Cr72.00 Cr45.00 Cr51.00 Cr48.56 Cr63.35 Cr48.70 Cr50.00 Cr20.30 Cr24.14 Cr
Diluted EPS 5.572.272.903.244.963.073.474.105.344.113.381.712.04

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 798.00 Cr868.00 Cr1,009.00 Cr1,046.00 Cr1,162.00 Cr1,480.00 Cr1,450.00 Cr-1,978.60 Cr2,337.87 Cr2,737.11 Cr2,914.84 Cr
Cost of Revenue --------1,243.44 Cr1,465.75 Cr1,725.41 Cr1,853.58 Cr
Gross Profit --------735.16 Cr872.12 Cr1,011.70 Cr1,061.26 Cr
Operating Expenses 750.00 Cr810.00 Cr935.00 Cr966.00 Cr1,053.00 Cr1,342.00 Cr1,243.00 Cr-501.08 Cr624.63 Cr762.37 Cr913.71 Cr
Operating Income 37.00 Cr45.00 Cr62.00 Cr67.00 Cr89.00 Cr114.00 Cr179.00 Cr-234.08 Cr247.49 Cr249.33 Cr147.55 Cr
EBITDA 49.00 Cr58.00 Cr74.00 Cr80.00 Cr109.00 Cr138.00 Cr207.00 Cr-295.51 Cr315.55 Cr343.43 Cr281.54 Cr
Interest Expense 17.00 Cr17.00 Cr21.00 Cr22.00 Cr21.00 Cr19.00 Cr15.00 Cr-7.72 Cr10.25 Cr13.46 Cr24.00 Cr
Pretax Income 24.00 Cr35.00 Cr54.00 Cr66.00 Cr102.00 Cr131.00 Cr195.00 Cr-258.70 Cr268.89 Cr285.48 Cr194.94 Cr
Tax Provision 12.48 Cr17.85 Cr24.84 Cr26.40 Cr35.70 Cr36.68 Cr52.65 Cr-63.74 Cr73.54 Cr77.23 Cr51.73 Cr
Net Income 11.00 Cr17.00 Cr29.00 Cr40.00 Cr66.00 Cr94.00 Cr143.00 Cr-196.74 Cr196.02 Cr207.81 Cr142.67 Cr
Diluted EPS 0.671.052.072.744.456.389.81-16.5916.5317.5312.03

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 679.00 Cr715.00 Cr967.00 Cr1,064.00 Cr1,164.00 Cr1,382.00 Cr1,443.00 Cr-1,940.14 Cr2,449.37 Cr2,986.92 Cr3,379.93 Cr
Current Assets --------1,627.91 Cr1,950.64 Cr2,180.27 Cr2,356.72 Cr
Cash & Equivalents --------175.36 Cr153.64 Cr149.29 Cr184.56 Cr
Inventory --------222.26 Cr236.54 Cr298.99 Cr441.39 Cr
Receivables --------696.79 Cr934.78 Cr1,133.91 Cr1,074.69 Cr
Total Liabilities --------1,104.34 Cr1,429.56 Cr1,777.44 Cr2,039.61 Cr
Current Liabilities --------1,051.35 Cr1,259.08 Cr1,468.15 Cr1,613.42 Cr
Long Term Debt --------15.68 Cr109.05 Cr252.06 Cr357.58 Cr
Total Debt 86.00 Cr90.00 Cr111.00 Cr165.00 Cr110.00 Cr122.00 Cr62.00 Cr-59.23 Cr152.41 Cr322.60 Cr482.19 Cr
Total Equity 156.00 Cr170.00 Cr167.00 Cr200.00 Cr260.00 Cr363.00 Cr506.00 Cr-833.49 Cr1,017.91 Cr1,207.87 Cr1,339.03 Cr
Shares Outstanding --------14.67 Cr14.67 Cr14.67 Cr14.67 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 45.00 Cr50.00 Cr176.00 Cr86.00 Cr127.00 Cr102.00 Cr197.00 Cr-62.73 Cr129.94 Cr32.05 Cr-28.47 Cr
Investing Cash Flow -17.00 Cr-25.00 Cr-75.00 Cr-167.00 Cr-70.00 Cr-17.00 Cr-27.00 Cr--40.41 Cr-160.05 Cr-164.57 Cr-44.46 Cr
Financing Cash Flow -29.00 Cr-17.00 Cr-3.00 Cr31.00 Cr-79.00 Cr-28.00 Cr-75.00 Cr--15.31 Cr8.36 Cr128.20 Cr100.11 Cr
Capital Expenditure -16.00 Cr-29.00 Cr-44.00 Cr-29.00 Cr-31.00 Cr-32.00 Cr-30.00 Cr--59.84 Cr-120.33 Cr-320.39 Cr-254.14 Cr
Free Cash Flow 29.00 Cr21.00 Cr132.00 Cr57.00 Cr96.00 Cr70.00 Cr167.00 Cr-2.88 Cr9.61 Cr-288.34 Cr-282.61 Cr
Net Change in Cash -1.00 Cr8.00 Cr98.00 Cr-50.00 Cr-22.00 Cr56.00 Cr96.00 Cr-7.01 Cr-21.74 Cr-4.32 Cr27.18 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------37.2%37.3%37.0%36.4%
Operating Margin % 4.6%5.2%6.1%6.4%7.7%7.7%12.3%-11.8%10.6%9.1%5.1%
Net Margin % 1.4%2.0%2.9%3.8%5.7%6.4%9.9%-9.9%8.4%7.6%4.9%
ROE % 7.1%10.0%17.4%20.0%25.4%25.9%28.3%-23.6%19.3%17.2%10.7%
ROCE % --------26.3%20.8%16.4%8.4%

Shareholding Pattern

Insiders
44.04%
Institutions
20.23%
Public Float
36.15%

Analyst View

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Latest News

Recent headlines for IONEXCHANG

Google News Mon, 12 Oct 2026

IONEXCHANG Forecast — Price Target — Prediction for 2027 - TradingView

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Google News ue, 01 Sep 2026

Ion Exchange: Why did the stock jump 10 per cent by after a weak Q1? - Value Research

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Google News Wed, 09 Sep 2026

ION Exchange (IONEXCHANG.NS) Gains 1.32% as Stock Holds ₹415 Support Zone - Ichimoku Entry - siam.in

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Google News Fri, 10 Jul 2026

ION Exchange zooms 17%, up 51% from 52-week low; check what's driving gains - Business Standard

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Google News Sun, 29 Mar 2026

Have Ion Exchange (India) Insiders Been Selling Stock? - Simply Wall Street

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Google News Mon, 10 Aug 2026

Ion Exchange unveils FY27 strategy with five new segments - scanx.trade

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IONEXCHANG — Frequently Asked Questions

What is the current share price of Ion Exchange (India) Limited (IONEXCHANG)?

As of 2026-10-23 04:58 IST, Ion Exchange (India) Limited (IONEXCHANG) trades at ₹351.60 on NSE. Its 52-week range is ₹316.18 to ₹466.72.

What is the market capitalisation of IONEXCHANG?

Ion Exchange (India) Limited (IONEXCHANG) has a market capitalisation of ₹4,322.23 Cr on NSE.

What is the P/E ratio of IONEXCHANG?

IONEXCHANG trades at a trailing price-to-earnings (P/E) ratio of 42.52. The industry average P/E is 25.87. Its price-to-book (P/B) ratio is 3.46.

Does IONEXCHANG pay a dividend?

Ion Exchange (India) Limited (IONEXCHANG) currently offers a dividend yield of 0.31%.

What is the return on equity (ROE) of IONEXCHANG?

IONEXCHANG has a return on equity (ROE) of 10.65%. Its return on capital employed (ROCE) is 12.39%.

Is IONEXCHANG a good stock to buy?

This page provides a data-driven analysis of Ion Exchange (India) Limited (IONEXCHANG), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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