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 ₹ 8,182 Cr.
- Current Price ₹ 557
- High / Low ₹ 688 / 319
- Stock P/E 40.1
- Book Value ₹ 60.9
- Dividend Yield 0.22 %
- ROCE 33.8 %
- ROE 26.2 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 37.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%
Cons
- Stock is trading at 9.15 times its book value
- Promoter holding is low: 26.4%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
723 | 852 | 787 | 798 | 868 | 1,009 | 1,046 | 1,162 | 1,480 | 1,450 | 1,577 | 1,990 | 2,214 | |
690 | 801 | 751 | 750 | 810 | 935 | 966 | 1,053 | 1,342 | 1,243 | 1,361 | 1,731 | 1,927 | |
Operating Profit | 33 | 51 | 36 | 49 | 58 | 74 | 80 | 109 | 138 | 207 | 216 | 258 | 286 |
OPM % | 5% | 6% | 5% | 6% | 7% | 7% | 8% | 9% | 9% | 14% | 14% | 13% | 13% |
9 | 5 | 5 | 4 | 7 | 12 | 21 | 34 | 36 | 31 | 42 | 42 | 34 | |
Interest | 13 | 17 | 15 | 17 | 17 | 21 | 22 | 21 | 19 | 15 | 13 | 12 | 11 |
Depreciation | 9 | 12 | 11 | 12 | 13 | 12 | 13 | 20 | 24 | 28 | 28 | 29 | 33 |
Profit before tax | 20 | 26 | 15 | 24 | 35 | 54 | 66 | 102 | 131 | 195 | 217 | 259 | 276 |
Tax % | 43% | 44% | 68% | 52% | 51% | 46% | 40% | 35% | 28% | 27% | 26% | 25% | |
12 | 15 | 5 | 11 | 17 | 29 | 40 | 66 | 94 | 143 | 162 | 195 | 204 | |
EPS in Rs | 0.71 | 1.04 | 0.31 | 0.67 | 1.05 | 2.07 | 2.74 | 4.45 | 6.38 | 9.81 | 11.10 | 13.41 | 13.98 |
Dividend Payout % | 27% | 18% | 62% | 43% | 28% | 16% | 12% | 10% | 9% | 10% | 9% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 14% |
3 Years: | 10% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 37% |
3 Years: | 28% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | 50% |
5 Years: | 70% |
3 Years: | 65% |
1 Year: | 72% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 29% |
3 Years: | 29% |
Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 13 | 13 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
Reserves | 124 | 138 | 138 | 142 | 156 | 153 | 186 | 246 | 349 | 492 | 641 | 819 | 879 |
69 | 86 | 96 | 86 | 90 | 111 | 165 | 110 | 122 | 62 | 55 | 59 | 100 | |
433 | 446 | 407 | 437 | 456 | 689 | 699 | 795 | 896 | 875 | 914 | 1,047 | 1,087 | |
Total Liabilities | 639 | 682 | 655 | 679 | 715 | 967 | 1,064 | 1,164 | 1,382 | 1,443 | 1,625 | 1,939 | 2,081 |
75 | 101 | 94 | 85 | 103 | 99 | 145 | 161 | 194 | 190 | 192 | 215 | 321 | |
CWIP | 15 | 1 | 1 | 14 | 2 | 34 | 7 | 12 | 12 | 15 | 20 | 42 | 34 |
Investments | 5 | 3 | 3 | 2 | 2 | 3 | 4 | 5 | 5 | 5 | 9 | 10 | 11 |
544 | 577 | 557 | 578 | 608 | 831 | 909 | 987 | 1,172 | 1,234 | 1,404 | 1,672 | 1,714 | |
Total Assets | 639 | 682 | 655 | 679 | 715 | 967 | 1,064 | 1,164 | 1,382 | 1,443 | 1,625 | 1,939 | 2,081 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15 | 31 | 5 | 45 | 50 | 176 | 86 | 127 | 102 | 197 | 91 | 63 | |
-12 | -17 | -1 | -17 | -25 | -75 | -167 | -70 | -17 | -27 | -93 | -41 | |
-9 | -10 | -7 | -29 | -17 | -3 | 31 | -79 | -28 | -75 | -27 | -15 | |
Net Cash Flow | -7 | 4 | -2 | -1 | 8 | 98 | -50 | -22 | 56 | 96 | -28 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 178 | 153 | 162 | 164 | 153 | 151 | 153 | 133 | 124 | 113 | 118 | 128 |
Inventory Days | 47 | 45 | 51 | 55 | 53 | 68 | 55 | 65 | 51 | 52 | 70 | 65 |
Days Payable | 221 | 217 | 212 | 221 | 215 | 206 | 197 | 207 | 188 | 219 | 202 | 162 |
Cash Conversion Cycle | 5 | -19 | 0 | -2 | -9 | 12 | 11 | -9 | -13 | -54 | -14 | 31 |
Working Capital Days | 15 | 19 | 37 | 30 | 27 | -24 | -33 | -43 | -30 | -41 | -18 | 13 |
ROCE % | 17% | 19% | 12% | 16% | 20% | 27% | 27% | 33% | 35% | 40% | 36% | 34% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Apr
- Compliance Certificate From Practicing Company Secretary Required Under Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024. 15 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 12 Apr
- Submission Of Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015. 10 Apr
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
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
-
Financial Year 2009
from bse
Concalls
-
Feb 2024Transcript PPT
-
Dec 2023TranscriptNotesPPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
Jul 2023TranscriptNotesPPT
-
Jun 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022TranscriptNotesPPT
-
Feb 2022Transcript PPT
-
Jan 2022TranscriptNotesPPT
-
Dec 2021TranscriptNotesPPT
-
Dec 2021Transcript PPT
-
Oct 2021TranscriptNotesPPT
-
Aug 2021Transcript PPT
-
Aug 2021TranscriptNotesPPT
-
Jul 2021Transcript PPT
-
Jun 2021TranscriptNotesPPT
-
Feb 2021Transcript PPT
-
Dec 2020Transcript PPT
-
Nov 2020TranscriptNotesPPT
-
Oct 2020TranscriptNotesPPT
-
Aug 2020Transcript PPT
-
Jun 2020TranscriptNotesPPT
-
Feb 2020Transcript PPT
-
Jan 2020TranscriptPPT
-
Nov 2019Transcript PPT
-
Oct 2019TranscriptNotesPPT
-
Aug 2019Transcript PPT
-
Jun 2019TranscriptNotesPPT
-
May 2019Transcript PPT
-
Mar 2019TranscriptPPT
-
Feb 2019Transcript PPT
-
Nov 2018Transcript PPT
-
Oct 2018TranscriptNotesPPT
-
Aug 2018Transcript PPT
-
Jun 2018Transcript PPT
-
Jan 2018Transcript PPT
-
Nov 2017TranscriptNotesPPT
-
Oct 2017Transcript PPT
-
Sep 2017TranscriptPPT
-
Jul 2017TranscriptNotesPPT
-
Jun 2017Transcript PPT
-
Nov 2016TranscriptPPT
-
Jun 2016TranscriptNotesPPT
-
May 2016TranscriptNotesPPT
Leader in Water Management Industry
The company completed ~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 is now owned by the Indian promoters since 1985. [1] It is the largest one stop solution’s provider in Asia.The company has ~50 patents and
100+ products commercialized as of FY23.[2]