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)
- Market Cap ₹ 9,615 Cr.
- Current Price ₹ 656
- High / Low ₹ 768 / 407
- Stock P/E 45.6
- Book Value ₹ 73.2
- Dividend Yield 0.23 %
- ROCE 27.4 %
- ROE 20.8 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 8.95 times its book value
- Promoter holding is low: 26.2%
- Company has high debtors of 154 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
767 | 712 | 732 | 802 | 926 | 986 | 1,102 | 1,407 | 1,402 | 1,509 | 1,892 | 2,180 | 2,246 | |
719 | 669 | 680 | 740 | 848 | 913 | 1,009 | 1,283 | 1,205 | 1,310 | 1,652 | 1,910 | 1,972 | |
Operating Profit | 48 | 43 | 52 | 62 | 78 | 73 | 93 | 124 | 197 | 199 | 241 | 270 | 274 |
OPM % | 6% | 6% | 7% | 8% | 8% | 7% | 8% | 9% | 14% | 13% | 13% | 12% | 12% |
6 | 8 | 8 | 12 | 18 | 30 | 44 | 48 | 37 | 46 | 45 | 47 | 51 | |
Interest | 14 | 11 | 12 | 12 | 15 | 18 | 18 | 16 | 12 | 10 | 11 | 10 | 7 |
Depreciation | 8 | 8 | 10 | 10 | 11 | 12 | 18 | 22 | 26 | 27 | 28 | 33 | 35 |
Profit before tax | 32 | 31 | 38 | 51 | 71 | 73 | 101 | 134 | 196 | 209 | 246 | 274 | 284 |
Tax % | 34% | 35% | 31% | 33% | 34% | 34% | 34% | 26% | 25% | 26% | 25% | 26% | |
21 | 21 | 26 | 34 | 47 | 48 | 67 | 99 | 146 | 154 | 185 | 204 | 211 | |
EPS in Rs | 1.58 | 1.41 | 1.80 | 2.37 | 3.20 | 3.25 | 4.54 | 6.76 | 9.95 | 10.51 | 12.62 | 13.92 | 14.36 |
Dividend Payout % | 12% | 14% | 17% | 13% | 11% | 11% | 10% | 9% | 10% | 10% | 10% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 15% |
3 Years: | 16% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 26% |
5 Years: | 25% |
3 Years: | 12% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | 42% |
5 Years: | 57% |
3 Years: | 42% |
1 Year: | 28% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 23% |
3 Years: | 22% |
Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 13 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Reserves | 171 | 186 | 206 | 236 | 256 | 299 | 360 | 467 | 612 | 753 | 872 | 1,060 |
62 | 73 | 52 | 62 | 87 | 139 | 86 | 100 | 41 | 38 | 49 | 59 | |
329 | 328 | 360 | 387 | 625 | 656 | 755 | 855 | 828 | 861 | 998 | 1,197 | |
Total Liabilities | 575 | 602 | 632 | 700 | 982 | 1,108 | 1,215 | 1,437 | 1,496 | 1,667 | 1,934 | 2,331 |
83 | 77 | 70 | 80 | 90 | 136 | 144 | 177 | 174 | 177 | 204 | 263 | |
CWIP | 1 | 1 | 5 | 2 | 34 | 7 | 12 | 12 | 15 | 20 | 42 | 61 |
Investments | 52 | 52 | 55 | 55 | 57 | 58 | 61 | 62 | 63 | 64 | 59 | 85 |
438 | 472 | 502 | 562 | 802 | 908 | 998 | 1,186 | 1,244 | 1,405 | 1,629 | 1,922 | |
Total Assets | 575 | 602 | 632 | 700 | 982 | 1,108 | 1,215 | 1,437 | 1,496 | 1,667 | 1,934 | 2,331 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
23 | -2 | 42 | 24 | 158 | 80 | 105 | 65 | 192 | 75 | 55 | 124 | |
-13 | 2 | -6 | -16 | -65 | -160 | -57 | 7 | -25 | -81 | -23 | -161 | |
-8 | -2 | -35 | -4 | 4 | 33 | -73 | -23 | -70 | -22 | -27 | -12 | |
Net Cash Flow | 2 | -1 | 1 | 4 | 98 | -48 | -25 | 49 | 97 | -28 | 5 | -48 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 127 | 149 | 163 | 153 | 154 | 159 | 142 | 133 | 118 | 123 | 135 | 154 |
Inventory Days | 29 | 30 | 34 | 41 | 59 | 43 | 54 | 45 | 42 | 57 | 55 | 50 |
Days Payable | 175 | 192 | 203 | 199 | 196 | 188 | 196 | 181 | 205 | 188 | 156 | 172 |
Cash Conversion Cycle | -19 | -12 | -6 | -5 | 17 | 14 | 0 | -2 | -46 | -9 | 34 | 32 |
Working Capital Days | 13 | 37 | 39 | 45 | -6 | -16 | -25 | -16 | -25 | 0 | 19 | 27 |
ROCE % | 20% | 16% | 18% | 22% | 26% | 22% | 26% | 29% | 33% | 30% | 30% | 27% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10h - Compliance certificate under SEBI regulations for Q2 2024.
- Closure of Trading Window 25 Sep
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Intimation To The Shareholders Holding Shares In Physical Form.
24 Sep - Intimation to shareholders regarding KYC compliance for dividend.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
20 Sep - Intimation of loss of share certificates and claim process.
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Award_Of_Order_Receipt_Of_Order
18 Sep - Awarded contracts worth INR 161.19 Crores from Adani Power.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Water Management Company
The company has completed over 100,000 installations worldwide. It is a pioneer in water and wastewater treatment and environmental solutions, serving various industries, institutions, homes, and communities. [1] [2]
Business Segments
1) Engineering (58% in Q1 FY25 vs 61% in FY20): [3] [4] Provides integrated services and solutions in water & wastewater treatment including Sea Water desalination, Recycle and Zero liquid discharge plants to diverse industries.
Revenue grew 13% YoY, and EBIT rose 26% YoY in Q1 FY25 supported by steady medium-sized job orders and international contracts. The company expects faster execution of large EPC jobs in the coming quarters. [5]