Ion Exchange (India) Ltd
Ion Exchange (India) is engaged in a wide range of solutions across the water cycle from pre-treatment to process water treatment, waste water treatment, recycle, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination etc.(Source : 201903 Annual Report Page No: 63)
Leader in Water Management Industry #
With 56 years of legacy the company has established a long standing presence in the Industry with more than 100,000 Installations worldwide #. IEL India started its journey as a flagship company for the Ion Exchange Group London but the Foreign holding has been reduced in stages and now is owned by the Indian promoters since 1985.
- Market Cap ₹ 2,058 Cr.
- Current Price ₹ 1,403
- High / Low ₹ 1,450 / 502
- Stock P/E 20.2
- Book Value ₹ 276
- Dividend Yield 0.43 %
- ROCE 32.4 %
- ROE 27.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 57.26% CAGR over last 5 years
Cons
- Promoter holding is low: 32.22%
- Promoter holding has decreased over last 3 years: -11.82%
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|
228 | 244 | 258 | 432 | 321 | 409 | 398 | 351 | 265 | 390 | 349 | |
216 | 228 | 240 | 372 | 298 | 377 | 359 | 312 | 234 | 349 | 305 | |
Operating Profit | 12 | 16 | 19 | 60 | 23 | 33 | 39 | 39 | 31 | 41 | 44 |
OPM % | 5% | 7% | 7% | 14% | 7% | 8% | 10% | 11% | 12% | 11% | 13% |
Other Income | 15 | 12 | 5 | 2 | 8 | 9 | 8 | 11 | 6 | 8 | 6 |
Interest | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
Depreciation | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 7 | 7 | 7 |
Profit before tax | 17 | 18 | 15 | 52 | 22 | 32 | 37 | 39 | 26 | 39 | 41 |
Tax % | 38% | 38% | 46% | 31% | 39% | 21% | 29% | 27% | 32% | 31% | 30% |
Net Profit | 10 | 11 | 8 | 35 | 14 | 25 | 26 | 28 | 18 | 27 | 29 |
EPS in Rs | 7.00 | 7.61 | 5.71 | 24.17 | 9.34 | 17.29 | 18.04 | 19.06 | 12.07 | 18.37 | 19.87 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
493 | 522 | 608 | 723 | 852 | 787 | 798 | 868 | 1,009 | 1,046 | 1,162 | 1,480 | 1,355 | |
478 | 498 | 584 | 690 | 801 | 751 | 750 | 810 | 935 | 966 | 1,053 | 1,342 | 1,200 | |
Operating Profit | 15 | 25 | 24 | 33 | 51 | 36 | 49 | 58 | 74 | 80 | 109 | 138 | 155 |
OPM % | 3% | 5% | 4% | 5% | 6% | 5% | 6% | 7% | 7% | 8% | 9% | 9% | 11% |
Other Income | 11 | 5 | 9 | 9 | 5 | 5 | 4 | 7 | 12 | 21 | 34 | 36 | 31 |
Interest | 13 | 13 | 10 | 13 | 17 | 15 | 17 | 17 | 21 | 22 | 21 | 19 | 14 |
Depreciation | 6 | 6 | 7 | 9 | 12 | 11 | 12 | 13 | 12 | 13 | 20 | 24 | 28 |
Profit before tax | 7 | 11 | 16 | 20 | 26 | 15 | 24 | 35 | 54 | 66 | 102 | 131 | 145 |
Tax % | 59% | 49% | 46% | 43% | 44% | 68% | 52% | 51% | 46% | 40% | 35% | 28% | |
Net Profit | 2 | 4 | 8 | 10 | 14 | 5 | 10 | 15 | 30 | 40 | 65 | 93 | 102 |
EPS in Rs | 1.30 | 3.25 | 6.23 | 7.11 | 10.41 | 3.13 | 6.72 | 10.52 | 20.73 | 27.40 | 44.50 | 63.74 | 69.37 |
Dividend Payout % | 75% | 45% | 31% | 27% | 18% | 62% | 43% | 28% | 16% | 12% | 10% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 13% |
3 Years: | 14% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | 37% |
5 Years: | 57% |
3 Years: | 45% |
TTM: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 38% |
3 Years: | 42% |
1 Year: | 60% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 21% |
3 Years: | 24% |
Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
12 | 12 | 13 | 13 | 13 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | |
Reserves | 102 | 104 | 119 | 124 | 137 | 138 | 142 | 156 | 182 | 216 | 276 | 377 | 391 |
Borrowings | 83 | 59 | 47 | 69 | 86 | 96 | 86 | 90 | 111 | 165 | 110 | 136 | 81 |
242 | 288 | 337 | 433 | 447 | 407 | 437 | 456 | 659 | 669 | 765 | 855 | 913 | |
Total Liabilities | 439 | 463 | 516 | 639 | 682 | 655 | 679 | 715 | 967 | 1,064 | 1,164 | 1,382 | 1,399 |
67 | 62 | 61 | 75 | 101 | 94 | 85 | 103 | 99 | 145 | 161 | 194 | 192 | |
CWIP | 1 | 6 | 9 | 15 | 1 | 1 | 14 | 2 | 34 | 7 | 12 | 12 | 5 |
Investments | 3 | 4 | 5 | 5 | 3 | 3 | 2 | 2 | 3 | 4 | 5 | 5 | 7 |
369 | 390 | 442 | 544 | 577 | 557 | 578 | 608 | 831 | 909 | 987 | 1,172 | 1,196 | |
Total Assets | 439 | 463 | 516 | 639 | 682 | 655 | 679 | 715 | 967 | 1,064 | 1,164 | 1,382 | 1,399 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15 | 47 | 34 | 15 | 31 | 5 | 45 | 50 | 176 | 86 | 127 | 98 | |
-6 | -10 | -10 | -12 | -17 | -1 | -17 | -25 | -75 | -167 | -70 | -17 | |
-10 | -35 | -17 | -9 | -10 | -7 | -29 | -17 | -3 | 31 | -79 | -24 | |
Net Cash Flow | -1 | 2 | 7 | -7 | 4 | -2 | -1 | 8 | 98 | -50 | -22 | 56 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 10% | 13% | 13% | 18% | 20% | 12% | 17% | 21% | 26% | 25% | 31% | 32% |
Debtor Days | 171 | 173 | 150 | 178 | 153 | 162 | 164 | 153 | 151 | 153 | 133 | 124 |
Inventory Turnover | 7.11 | 7.83 | 8.32 | 8.48 | 8.62 | 7.50 | 6.90 | 7.18 | 6.72 | 5.99 | 6.48 | 7.39 |
Documents
Add documentRecent announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 25 Feb
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 15 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Feb
- Announcement under Regulation 30 (LODR)-Investor Presentation 3 Feb
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2010 from bse