Ion Exchange (India) Ltd

ION Exchange Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ion Exchange (India) Ltd

₹ 346 4.85%
12 Jun - close price
ionexchangeglobal.com BSE: 500214 NSE: IONEXCHANG
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

Water Management:[1]
The company is a pioneer in water, wastewater treatment & environment solutions and caters to various industries, institutions, homes & communities. Headquartered in Mumbai, it has 8 manufacturing and assembly facilities across India, 1 manufacturing facility in Portugal and 1 assembly facility each in UAE, Indonesia, Bangladesh and Saudi Arabia.

Website BSE NSE
  • Market Cap ₹ 5,069 Cr.
  • Current Price ₹ 346
  • High / Low ₹ 581 / 312
  • Stock P/E 32.8
  • Book Value ₹ 91.3
  • Dividend Yield 0.43 %
  • ROCE 14.1 %
  • ROE 12.1 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Promoter holding is low: 25.5%
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 11.2% of profits over last 3 years

* 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

Utilities Utilities Other Utilities Water Supply & Management

Part of BSE Utilities Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
647 479 533 554 782 568 644 691 835 583 734 734 863
541 430 473 483 690 503 576 615 749 521 665 675 844
Operating Profit 106 49 60 71 92 64 68 75 86 63 68 59 20
OPM % 16% 10% 11% 13% 12% 11% 11% 11% 10% 11% 9% 8% 2%
6 9 11 9 17 11 15 9 15 18 15 -4 43
Interest 2 2 4 3 3 3 4 3 4 3 3 8 11
Depreciation 7 8 8 10 10 10 11 11 12 12 12 19 20
Profit before tax 102 48 59 67 95 62 68 70 85 66 68 29 32
Tax % 21% 30% 28% 30% 24% 28% 26% 29% 26% 27% 26% 28% 25%
81 33 42 47 72 45 51 50 63 48 50 21 24
EPS in Rs 5.57 2.27 2.90 3.24 4.96 3.07 3.47 3.31 4.32 3.32 3.38 1.38 1.65
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
798 868 1,009 1,046 1,162 1,480 1,450 1,577 1,990 2,348 2,737 2,915
750 810 935 966 1,053 1,342 1,243 1,361 1,731 2,072 2,440 2,705
Operating Profit 49 58 74 80 109 138 207 216 258 275 297 210
OPM % 6% 7% 7% 8% 9% 9% 14% 14% 13% 12% 11% 7%
4 7 12 21 34 36 31 42 42 45 49 71
Interest 17 17 21 22 21 19 15 13 12 15 17 24
Depreciation 12 13 12 13 20 24 28 28 29 36 44 63
Profit before tax 24 35 54 66 102 131 195 217 259 269 285 195
Tax % 52% 51% 46% 40% 35% 28% 27% 26% 25% 27% 27% 27%
11 17 29 40 66 94 143 162 195 195 208 143
EPS in Rs 0.67 1.05 2.07 2.74 4.45 6.38 9.81 11.10 13.41 13.37 14.17 9.73
Dividend Payout % 43% 28% 16% 12% 10% 9% 10% 9% 9% 11% 10% 12%
Compounded Sales Growth
10 Years: 13%
5 Years: 15%
3 Years: 14%
TTM: 6%
Compounded Profit Growth
10 Years: 26%
5 Years: 1%
3 Years: -8%
TTM: -26%
Stock Price CAGR
10 Years: 27%
5 Years: 11%
3 Years: -6%
1 Year: -37%
Return on Equity
10 Years: 22%
5 Years: 20%
3 Years: 17%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 142 156 153 186 246 349 492 641 819 1,004 1,194 1,325
86 90 111 165 110 122 62 55 59 152 323 482
437 456 689 699 795 896 875 914 1,047 1,271 1,449 1,559
Total Liabilities 679 715 967 1,064 1,164 1,382 1,443 1,625 1,939 2,441 2,979 3,380
85 103 99 145 161 194 190 192 215 367 392 754
CWIP 14 2 34 7 12 12 15 20 42 61 323 175
Investments 2 2 3 4 5 5 5 9 10 12 13 16
578 608 831 909 987 1,172 1,234 1,404 1,672 2,001 2,250 2,435
Total Assets 679 715 967 1,064 1,164 1,382 1,443 1,625 1,939 2,441 2,979 3,380

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
45 50 176 86 127 102 197 91 63 130 32 -28
-17 -25 -75 -167 -70 -17 -27 -93 -41 -160 -165 -44
-29 -17 -3 31 -79 -28 -75 -27 -15 8 128 100
Net Cash Flow -1 8 98 -50 -22 56 96 -28 6 -22 -4 27
Free Cash Flow 29 21 132 57 96 70 167 42 3 10 -287 -280
CFO/OP 113% 111% 270% 143% 147% 100% 119% 75% 53% 74% 35% 17%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 164 153 151 153 133 124 113 118 128 145 151 135
Inventory Days 55 53 68 55 65 51 52 70 65 59 63 87
Days Payable 221 215 206 197 207 188 219 202 162 174 165 177
Cash Conversion Cycle -2 -9 12 11 -9 -13 -54 -14 31 31 50 44
Working Capital Days 5 3 -48 -72 -64 -51 -53 -27 5 16 33 53
ROCE % 16% 20% 27% 27% 33% 35% 40% 36% 34% 27% 22% 14%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Jun 2024 Dec 2025
Engineering Order Book (Consolidated)
INR Mn

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Number of Channel Partners
Numbers
Number of Patents
Numbers
Engineering Bid Pipeline
INR Mn
Roha Resin Plant Capacity Expansion (Target)
m3/yr ・Standalone data
Roha Resin Plant Commissioned Capacity
m3/yr ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
26.94% 26.76% 26.46% 26.38% 26.20% 25.90% 25.78% 25.76% 25.71% 25.67% 25.58% 25.52%
2.44% 3.94% 5.20% 5.63% 5.43% 5.44% 5.83% 5.50% 5.27% 4.85% 4.68% 4.63%
11.66% 11.90% 11.95% 12.21% 12.83% 13.24% 13.62% 13.88% 14.09% 14.29% 14.22% 14.80%
42.78% 41.20% 40.20% 39.59% 39.36% 39.26% 38.58% 38.69% 38.77% 39.01% 39.34% 38.86%
16.18% 16.18% 16.18% 16.18% 16.18% 16.18% 16.18% 16.18% 16.18% 16.18% 16.18% 16.18%
No. of Shareholders 48,37362,68971,50775,49787,5861,15,6641,19,0371,28,1641,25,6511,19,1391,20,4881,16,996

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls