WEBSITE BSE:500214 NSE: ION EXCHANGE Inc. Year: 1964 Industry: Environmental Services
Last updated: 15:57
Ion Exchange (India) Ltd, together with its subsidiaries, provides water treatment and surroundings control solutions in Indian and internationally. It operates through Engineering, Chemicals, and Consumer Products segments. The business enterprise offer pretreatment, process water/liquid treatment, waste water remedy, water recycle and product restoration using numerous physico-chemical tactics for settling, filtration, clarification and disinfection, membrane and ion exchange technology; ion exchange resins, membranes, polymers and polyelectr...Read More
Ion Exchange (India) Ltd, together with its subsidiaries, provides water treatment and surroundings control solutions in Indian and internationally. It operates through Engineering, Chemicals, and Consumer Products segments. The business enterprise offer pretreatment, process water/liquid treatment, waste water remedy, water recycle and product restoration using numerous physico-chemical tactics for settling, filtration, clarification and disinfection, membrane and ion exchange technology; ion exchange resins, membranes, polymers and polyelectrolytes for water and non-water approaches; boiler cooling water remedy and fireside chemical compounds; and additives. It also affords process chemicals for sugar and paper manufacturing commercial enterprise; specialized structures for removal of excessive fluoride, arsenic, iron, and nitrates from water; water purifiers and water conditioners; and drinking water and sewage remedy systems. In addition, the organisation offers numerous services, such as consultancy, operator training, design engineering, assignment management, and operations and maintenance services, in addition to set up, commissioning, rehabilitation, and automation of plant. It serves numerous industries, inclusive of automotive, cement, chemical compounds, electronics, food and beverage, fertilizers, paper and pulp, pharma, refinery, power and petrochemical, steel and metallurgy, mining and minerals, sugar, and textiles; academic, hospitality, hospital, laboratory, railway, and defense institutions; communities and municipalities; and residential and industrial institutions. Ion Exchange (India) Ltd incorporated in 1964 and is based in Mumbai, India. ...Read Less
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Market Cap ₹4954 Cr.
Stock P/E 23.8
P/B 3.8
Current Price ₹337.8
Book Value ₹ 89.5
Face Value 1
52W High ₹580.7
Dividend Yield 0.44%
52W Low ₹ 322.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 533 | 554 | 782 | 568 | 644 | 691 | 835 | 583 | 734 | 734 |
| Other Income | 10 | 9 | 17 | 11 | 14 | 8 | 15 | 18 | 14 | 12 |
| Total Income | 543 | 563 | 799 | 579 | 659 | 699 | 849 | 601 | 748 | 746 |
| Total Expenditure | 473 | 483 | 690 | 503 | 576 | 615 | 749 | 521 | 665 | 675 |
| Operating Profit | 70 | 79 | 109 | 75 | 83 | 84 | 101 | 80 | 83 | 71 |
| Interest | 4 | 3 | 3 | 3 | 4 | 3 | 4 | 3 | 3 | 8 |
| Depreciation | 9 | 10 | 10 | 10 | 11 | 11 | 12 | 12 | 12 | 19 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17 |
| Profit Before Tax | 58 | 67 | 95 | 62 | 68 | 69 | 85 | 65 | 68 | 28 |
| Provision for Tax | 17 | 20 | 23 | 17 | 18 | 20 | 22 | 17 | 18 | 8 |
| Profit After Tax | 41 | 47 | 73 | 44 | 50 | 49 | 63 | 48 | 50 | 20 |
| Adjustments | 1 | 1 | 0 | 1 | 0 | -0 | 0 | 1 | -0 | 1 |
| Profit After Adjustments | 43 | 47 | 73 | 45 | 51 | 49 | 63 | 49 | 50 | 20 |
| Adjusted Earnings Per Share | 3 | 3.3 | 5.1 | 3.2 | 3.6 | 3.4 | 4.5 | 3.4 | 3.5 | 1.4 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 800 | 871 | 1009 | 1046 | 1162 | 1480 | 1450 | 1577 | 1990 | 2348 | 2737 | 2886 |
| Other Income | 4 | 7 | 12 | 21 | 33 | 35 | 33 | 42 | 41 | 46 | 50 | 59 |
| Total Income | 805 | 878 | 1021 | 1067 | 1196 | 1515 | 1483 | 1619 | 2031 | 2394 | 2787 | 2944 |
| Total Expenditure | 749 | 812 | 935 | 966 | 1053 | 1342 | 1245 | 1362 | 1732 | 2075 | 2441 | 2610 |
| Operating Profit | 56 | 65 | 87 | 101 | 142 | 173 | 237 | 258 | 299 | 319 | 346 | 335 |
| Interest | 20 | 18 | 21 | 22 | 21 | 19 | 15 | 13 | 12 | 15 | 17 | 18 |
| Depreciation | 12 | 13 | 12 | 13 | 20 | 24 | 28 | 28 | 29 | 36 | 44 | 55 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17 |
| Profit Before Tax | 24 | 35 | 54 | 66 | 102 | 131 | 195 | 217 | 259 | 269 | 285 | 246 |
| Provision for Tax | 12 | 18 | 25 | 26 | 36 | 37 | 52 | 56 | 64 | 74 | 77 | 65 |
| Profit After Tax | 11 | 17 | 29 | 40 | 66 | 94 | 143 | 162 | 195 | 195 | 208 | 181 |
| Adjustments | -2 | -2 | 2 | 0 | -1 | -1 | 1 | 1 | 2 | 1 | -0 | 2 |
| Profit After Adjustments | 10 | 15 | 30 | 40 | 65 | 94 | 144 | 163 | 197 | 196 | 208 | 182 |
| Adjusted Earnings Per Share | 0.7 | 1.1 | 2.1 | 2.8 | 4.6 | 6.6 | 10.1 | 11.4 | 13.8 | 13.8 | 14.6 | 12.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 17% | 20% | 13% | 13% |
| Operating Profit CAGR | 8% | 10% | 15% | 20% |
| PAT CAGR | 7% | 9% | 17% | 34% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -26% | 2% | 18% | 28% |
| ROE Average | 19% | 22% | 25% | 22% |
| ROCE Average | 23% | 28% | 32% | 30% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 156 | 170 | 167 | 200 | 260 | 363 | 506 | 656 | 833 | 1018 | 1208 |
| Minority's Interest | 8 | 6 | 4 | 3 | 2 | 2 | -0 | -1 | 2 | 2 | 2 |
| Borrowings | 20 | 23 | 30 | 33 | 26 | 19 | 8 | 12 | 16 | 109 | 252 |
| Other Non-Current Liabilities | 27 | 29 | 19 | 23 | 24 | 36 | 26 | 22 | 26 | 53 | 50 |
| Total Current Liabilities | 468 | 487 | 745 | 804 | 852 | 961 | 899 | 927 | 1051 | 1259 | 1468 |
| Total Liabilities | 679 | 715 | 965 | 1064 | 1164 | 1381 | 1438 | 1616 | 1929 | 2441 | 2979 |
| Fixed Assets | 85 | 103 | 99 | 145 | 161 | 194 | 190 | 192 | 215 | 367 | 392 |
| Other Non-Current Assets | 91 | 85 | 86 | 57 | 65 | 57 | 55 | 77 | 85 | 124 | 407 |
| Total Current Assets | 504 | 527 | 780 | 862 | 939 | 1129 | 1193 | 1347 | 1628 | 1951 | 2180 |
| Total Assets | 679 | 715 | 965 | 1064 | 1164 | 1381 | 1438 | 1616 | 1929 | 2441 | 2979 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 12 | 11 | 19 | 117 | 67 | 45 | 101 | 197 | 169 | 175 | 154 |
| Cash Flow from Operating Activities | 45 | 50 | 176 | 86 | 127 | 102 | 197 | 91 | 63 | 130 | 32 |
| Cash Flow from Investing Activities | -17 | -25 | -72 | -166 | -70 | -18 | -29 | -92 | -40 | -160 | -165 |
| Cash Flow from Financing Activities | -29 | -17 | -3 | 31 | -79 | -28 | -75 | -27 | -15 | 8 | 128 |
| Net Cash Inflow / Outflow | -1 | 8 | 101 | -49 | -23 | 56 | 93 | -27 | 7 | -22 | -4 |
| Closing Cash & Cash Equivalent | 11 | 19 | 117 | 67 | 45 | 101 | 197 | 169 | 175 | 154 | 149 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.69 | 1.08 | 2.14 | 2.82 | 4.59 | 6.58 | 10.12 | 11.44 | 13.83 | 13.78 | 14.61 |
| CEPS(Rs) | 1.67 | 2.09 | 2.86 | 3.72 | 6.01 | 8.27 | 12.02 | 13.33 | 15.75 | 16.29 | 17.76 |
| DPS(Rs) | 0.3 | 0.3 | 0.35 | 0.35 | 0.45 | 0.6 | 1 | 1 | 1.25 | 1.5 | 1.5 |
| Book NAV/Share(Rs) | 10.95 | 11.94 | 11.72 | 14.06 | 18.27 | 25.52 | 35.55 | 46.08 | 58.58 | 71.54 | 84.89 |
| Core EBITDA Margin(%) | 6.21 | 6.51 | 7.1 | 7.6 | 9.37 | 9.32 | 14.1 | 13.64 | 12.96 | 11.63 | 10.8 |
| EBIT Margin(%) | 5.28 | 5.84 | 7.13 | 8.35 | 10.6 | 10.15 | 14.47 | 14.59 | 13.61 | 12.11 | 11.04 |
| Pre Tax Margin(%) | 2.87 | 3.83 | 5.12 | 6.28 | 8.76 | 8.84 | 13.46 | 13.78 | 13 | 11.45 | 10.43 |
| PAT Margin (%) | 1.37 | 1.87 | 2.75 | 3.78 | 5.67 | 6.36 | 9.89 | 10.25 | 9.8 | 8.32 | 7.61 |
| Cash Profit Margin (%) | 2.83 | 3.27 | 3.88 | 5.02 | 7.36 | 7.95 | 11.8 | 12.03 | 11.26 | 9.87 | 9.23 |
| ROA(%) | 1.71 | 2.42 | 3.43 | 3.93 | 5.92 | 7.4 | 10.17 | 10.59 | 11 | 8.94 | 7.68 |
| ROE(%) | 7.48 | 10.47 | 17.2 | 21.73 | 28.65 | 30.22 | 32.99 | 27.84 | 26.18 | 21.1 | 18.71 |
| ROCE(%) | 17.89 | 21.02 | 27.82 | 27.43 | 33.54 | 35.97 | 41.04 | 36.48 | 34.06 | 27.86 | 22.68 |
| Receivable days | 155.28 | 145.62 | 135.79 | 147.62 | 135.23 | 114.2 | 119.71 | 110.72 | 110.48 | 126.82 | 137.93 |
| Inventory Days | 34.01 | 32.44 | 36.65 | 39.82 | 36.26 | 32.59 | 33 | 35.71 | 36.99 | 35.66 | 35.71 |
| Payable days | 220.48 | 209.47 | 200.7 | 203.99 | 195.41 | 171.79 | 210.53 | 204.32 | 157.85 | 155.24 | 155.87 |
| PER(x) | 37.55 | 28.51 | 18.19 | 17.63 | 8.68 | 9.15 | 12.92 | 14.37 | 24.68 | 36.81 | 32.14 |
| Price/Book(x) | 2.37 | 2.59 | 3.32 | 3.54 | 2.18 | 2.36 | 3.67 | 3.57 | 5.83 | 7.09 | 5.53 |
| Dividend Yield(%) | 1.15 | 0.97 | 0.9 | 0.7 | 1.13 | 1 | 0.77 | 0.61 | 0.37 | 0.3 | 0.32 |
| EV/Net Sales(x) | 0.53 | 0.57 | 0.49 | 0.58 | 0.33 | 0.4 | 0.97 | 1.17 | 2.19 | 2.88 | 2.38 |
| EV/Core EBITDA(x) | 7.62 | 7.54 | 5.73 | 6.02 | 2.71 | 3.38 | 5.92 | 7.18 | 14.59 | 21.19 | 18.85 |
| Net Sales Growth(%) | 0.94 | 8.82 | 15.82 | 3.66 | 11.14 | 27.32 | -2.05 | 8.79 | 26.17 | 18.01 | 16.58 |
| EBIT Growth(%) | 44.86 | 20.33 | 41.6 | 17.95 | 39.82 | 21.86 | 39.71 | 9.65 | 17.72 | 5.03 | 6.31 |
| PAT Growth(%) | 138.66 | 48.14 | 70.63 | 38.19 | 65.36 | 42.85 | 52.23 | 12.81 | 20.58 | 0.2 | 6.6 |
| EPS Growth(%) | 114.4 | 56.62 | 97.07 | 32.1 | 62.44 | 43.46 | 53.74 | 13.09 | 20.87 | -0.37 | 6.02 |
| Debt/Equity(x) | 0.56 | 0.53 | 0.66 | 0.82 | 0.42 | 0.28 | 0.1 | 0.07 | 0.06 | 0.14 | 0.25 |
| Current Ratio(x) | 1.08 | 1.08 | 1.05 | 1.07 | 1.1 | 1.17 | 1.33 | 1.45 | 1.55 | 1.55 | 1.49 |
| Quick Ratio(x) | 0.91 | 0.92 | 0.87 | 0.95 | 0.95 | 1.04 | 1.19 | 1.26 | 1.34 | 1.36 | 1.28 |
| Interest Cover(x) | 2.19 | 2.91 | 3.55 | 4.03 | 5.77 | 7.8 | 14.25 | 18.15 | 22.47 | 18.39 | 17.97 |
| Total Debt/Mcap(x) | 0.23 | 0.2 | 0.19 | 0.23 | 0.19 | 0.12 | 0.03 | 0.02 | 0.01 | 0.02 | 0.04 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 26.76 | 26.46 | 26.38 | 26.2 | 25.9 | 25.78 | 25.76 | 25.7 | 25.66 | 25.58 |
| FII | 3.94 | 5.2 | 5.63 | 5.42 | 5.43 | 5.83 | 5.5 | 5.27 | 4.85 | 4.68 |
| DII | 11.9 | 11.94 | 12.21 | 12.83 | 13.24 | 13.62 | 13.88 | 14.08 | 14.29 | 14.21 |
| Public | 57.4 | 56.39 | 55.78 | 55.55 | 55.44 | 54.77 | 54.87 | 54.95 | 55.2 | 55.52 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 3.92 | 3.88 | 3.87 | 3.84 | 3.8 | 3.78 | 3.78 | 3.77 | 3.76 | 3.75 |
| FII | 0.58 | 0.76 | 0.83 | 0.8 | 0.8 | 0.86 | 0.81 | 0.77 | 0.71 | 0.69 |
| DII | 1.75 | 1.75 | 1.79 | 1.88 | 1.94 | 2 | 2.04 | 2.07 | 2.1 | 2.08 |
| Public | 8.42 | 8.27 | 8.18 | 8.15 | 8.13 | 8.03 | 8.05 | 8.06 | 8.1 | 8.14 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14.67 | 14.67 | 14.67 | 14.67 | 14.67 | 14.67 | 14.67 | 14.67 | 14.67 | 14.67 |
* The pros and cons are machine generated.
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