Ion Exchange (India) Ltd

About [ edit ]

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)

Key Points [ edit ]

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.

Website BSE

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

Add ratio to table

Edit ratios

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

Edit Columns

Loading peers table ...

Detailed Comparison with:

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

Corporate actions

	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

Shareholding Pattern

Numbers in percentages

Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020
44.04	44.04	44.04	44.04	44.04	44.04	44.04	27.01	27.01	27.01	27.01	27.01
0.24	0.23	0.17	0.17	0.17	0.29	1.24	1.45	1.63	1.79	0.75	0.67
6.41	6.45	6.45	6.40	6.44	4.95	4.77	4.89	5.54	5.62	6.51	6.74
49.31	49.29	49.34	49.39	49.35	50.72	49.96	50.47	49.64	49.40	49.55	49.40
0.00	0.00	0.00	0.00	0.00	0.00	0.00	16.18	16.18	16.18	16.18	16.18

Ion Exchange (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Recent announcements

Annual reports

Credit ratings