Ion Exchange (India) Ltd
₹ 1,758
-0.63%
12 Aug
- close price
About
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
- Market Cap ₹ 2,578 Cr.
- Current Price ₹ 1,758
- High / Low ₹ 2,494 / 1,486
- Stock P/E 15.6
- Book Value ₹ 466
- Dividend Yield 0.57 %
- ROCE 34.4 %
- ROE 26.5 %
- Face Value ₹ 10.0
Sher Ali Afridi
Sher Ali stabbed Lord Mayo in 1872. The Viceroy's assassination shocked British India and Great Britain.
Unsung Heroes →
Baj Singh
Baj Singh migrated to America and gathered large number of immigrants to join the freedom movement. He was an active member of The Ghadar Movement and faced rigorous imprisonment upon his return to India.
Unsung Heroes →
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 41.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.4%
Cons
- The company has delivered a poor sales growth of 9.34% over past five years.
- Promoter holding is low: 27.0%
- Promoter holding has decreased over last 3 years: -17.0%
* 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
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 608 | 723 | 852 | 787 | 798 | 868 | 1,009 | 1,046 | 1,162 | 1,480 | 1,450 | 1,577 | 1,645 | |
| 586 | 690 | 801 | 751 | 750 | 810 | 935 | 966 | 1,053 | 1,342 | 1,243 | 1,361 | 1,435 | |
| Operating Profit | 21 | 33 | 51 | 36 | 49 | 58 | 74 | 80 | 109 | 138 | 207 | 216 | 210 |
| OPM % | 4% | 5% | 6% | 5% | 6% | 7% | 7% | 8% | 9% | 9% | 14% | 14% | 13% |
| 12 | 9 | 5 | 5 | 4 | 7 | 12 | 21 | 34 | 36 | 31 | 42 | 50 | |
| Interest | 10 | 13 | 17 | 15 | 17 | 17 | 21 | 22 | 21 | 19 | 15 | 13 | 9 |
| Depreciation | 7 | 9 | 12 | 11 | 12 | 13 | 12 | 13 | 20 | 24 | 28 | 28 | 28 |
| Profit before tax | 16 | 20 | 26 | 15 | 24 | 35 | 54 | 66 | 102 | 131 | 195 | 217 | 223 |
| Tax % | 46% | 43% | 44% | 68% | 52% | 51% | 46% | 40% | 35% | 28% | 27% | 26% | |
| Net Profit | 8 | 10 | 14 | 5 | 10 | 15 | 30 | 40 | 65 | 94 | 144 | 163 | 167 |
| EPS in Rs | 6.23 | 7.11 | 10.41 | 3.13 | 6.72 | 10.52 | 20.73 | 27.40 | 44.50 | 63.83 | 98.13 | 110.98 | 113.81 |
| Dividend Payout % | 31% | 27% | 18% | 62% | 43% | 28% | 16% | 12% | 10% | 9% | 10% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 11% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 41% |
| 3 Years: | 35% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 26% |
| 3 Years: | 39% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 27% |
| 3 Years: | 28% |
| Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 13 | 13 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | |
| Reserves | 119 | 124 | 137 | 138 | 142 | 156 | 182 | 216 | 276 | 377 | 520 | 670 |
| 47 | 69 | 86 | 96 | 86 | 90 | 111 | 165 | 110 | 122 | 62 | 55 | |
| 337 | 433 | 447 | 407 | 437 | 456 | 659 | 669 | 765 | 868 | 847 | 886 | |
| Total Liabilities | 516 | 639 | 682 | 655 | 679 | 715 | 967 | 1,064 | 1,164 | 1,382 | 1,443 | 1,625 |
| 61 | 75 | 101 | 94 | 85 | 103 | 99 | 145 | 161 | 194 | 190 | 192 | |
| CWIP | 9 | 15 | 1 | 1 | 14 | 2 | 34 | 7 | 12 | 12 | 15 | 20 |
| Investments | 5 | 5 | 3 | 3 | 2 | 2 | 3 | 4 | 5 | 5 | 5 | 9 |
| 442 | 544 | 577 | 557 | 578 | 608 | 831 | 909 | 987 | 1,172 | 1,234 | 1,404 | |
| Total Assets | 516 | 639 | 682 | 655 | 679 | 715 | 967 | 1,064 | 1,164 | 1,382 | 1,443 | 1,625 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 15 | 31 | 5 | 45 | 50 | 176 | 86 | 127 | 102 | 197 | 91 | |
| -10 | -12 | -17 | -1 | -17 | -25 | -75 | -167 | -70 | -17 | -27 | -93 | |
| -17 | -9 | -10 | -7 | -29 | -17 | -3 | 31 | -79 | -28 | -75 | -27 | |
| Net Cash Flow | 7 | -7 | 4 | -2 | -1 | 8 | 98 | -50 | -22 | 56 | 96 | -28 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 150 | 178 | 153 | 162 | 164 | 153 | 151 | 153 | 133 | 124 | 113 | 118 |
| Inventory Days | 48 | 47 | 45 | 51 | 55 | 53 | 68 | 55 | 65 | 51 | 52 | 70 |
| Days Payable | 207 | 221 | 217 | 212 | 221 | 215 | 206 | 197 | 207 | 188 | 219 | 202 |
| Cash Conversion Cycle | -9 | 5 | -19 | 0 | -2 | -9 | 12 | 11 | -9 | -13 | -54 | -14 |
| Working Capital Days | 8 | 15 | 19 | 37 | 30 | 27 | -24 | -33 | -43 | -30 | -41 | -18 |
| ROCE % | 13% | 18% | 20% | 12% | 17% | 21% | 26% | 25% | 31% | 33% | 38% | 34% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
11 Aug - Letter dated July 21, 2022, we enclose herewith communication relating to conference call as per Regulation 30(6) Para A of Part A of Schedule III …
- Reg. 34 (1) Annual Report. 11 Aug
- Notice Of The 58Th Annual General Meeting To Be Held On 8Th September, 2022. 11 Aug
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Aug - D with Regulation 47(1)(d) of SEBI (LODR) Regulations, 2015, we enclose herewith newspaper advertisement published on 10th August, 2022, in Free press journal (English) and …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 11 Aug
Annual reports
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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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Aug 2022Transcript PPT
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Leader in Water Management Industry [1]
With 56 years of legacy the company has established a long standing presence in the Industry with more than 100,000 Installations worldwide [2]. 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.