



Utilities | Small Cap
Ion Exchange (India) Ltd demonstrates a mixed financial profile. The company exhibits strong solvency, growth, coverage, and profitability, indicating a solid foundation and good performance in these areas. The company's growth is fueled by consistent increases in revenue, operating profit, and earnings per share. Its profitability is highlighted by excellent returns on capital employed, equity, and assets. However, the company faces challenges in liquidity and efficiency. Liquidity ratios are notably weak, suggesting potential difficulties in meeting short-term obligations. Efficiency ratios also show areas of concern, particularly in fixed asset, inventory, and receivables turnover. Overall, Ion Exchange showcases robust solvency, growth, coverage, and profitability but needs to address its liquidity and efficiency to ensure long-term financial stability. The high capital expenditure may be a factor affecting some ratios.
Ion Exchange (India) Ltd demonstrates a mixed financial profile. The company exhibits strong solvency, growth, coverage, and profitability, indicating a solid foundation and good performance in these areas. The company's growth is fueled by consistent increases in revenue, operating profit, and earnings per share. Its profitability is highlighted by excellent returns on capital employed, equity, and assets. However, the company faces challenges in liquidity and efficiency. Liquidity ratios are notably weak, suggesting potential difficulties in meeting short-term obligations. Efficiency ratios also show areas of concern, particularly in fixed asset, inventory, and receivables turnover. Overall, Ion Exchange showcases robust solvency, growth, coverage, and profitability but needs to address its liquidity and efficiency to ensure long-term financial stability. The high capital expenditure may be a factor affecting some ratios.
Overall Valuation Score
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P/E RATIO (TTM)
26.87
Industry Median
16.74
Small Cap Median
17.70
P/E RATIO
27.17
P/B RATIO
4.37
Industry Median
2.41
Small Cap Median
2.28
P/S RATIO
2.07
Industry Median
1.86
Small Cap Median
1.67
Others
PEG RATIO
1.58
EV/EBITDA RATIO
16.29
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹385 as on Jun 15, 2026.
The company exhibits strong growth across various key metrics. The consistent growth in revenue, operating profit, and earnings per share indicates a healthy trajectory and effective strategic initiatives. This robust growth positions the company favorably for future expansion and market leadership.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 8.76 | 26.19 | 17.99 | 16.57 | 6.5 |
| Operating Profit Growth Rate | 4.35 | 19.44 | 6.59 | 8 | -29.29 |
| Earnings Per Share (EPS) Growth | 13.15 | 20.81 | -0.3 | 5.98 | -31.33 |
| Asset Growth Rate | 12.61 | 19.32 | 25.89 | 22.04 | 13.46 |
| Net Income Growth Rate | 13.29 | 20.37 | 0 | 6.67 | -31.25 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Ion Exchange (India) Ltd | 7.87 | 27.17 | Highly Overvalued | 210.00 | 9.44 | 143.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
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Ion Exchange (India) Ltd is a leading company specializing in total water management solutions globally. It offers a comprehensive range of products, services, and technologies for water treatment, wastewater management, process water purification, and specialty chemicals. Serving industrial, institutional, and domestic customers, it is a pioneer in India's water treatment sector.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Ion Exchange (India) Ltd's P/E ratio (TTM) is 26.87, compared to the industry median of 16.74 and large cap median of 17.70.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Ion Exchange (India) Ltd's P/B ratio is 4.37, compared to the industry median of 2.41 and large cap median of 2.28.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Ion Exchange (India) Ltd's P/S ratio is 2.07, compared to the industry median of 1.86 and large cap median of 1.67.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Ion Exchange (India) Ltd's PEG ratio is 1.58.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Ion Exchange (India) Ltd's EV/EBITDA ratio is 16.29.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Ion Exchange (India) Ltd's ROE is 10.68%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Ion Exchange (India) Ltd's ROA is 6.21%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Ion Exchange (India) Ltd's ROCE is 14%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Ion Exchange (India) Ltd's operating margin is 7.20%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Ion Exchange (India) Ltd's net margin is 4.91%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Ion Exchange (India) Ltd's current ratio is 1.47.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Ion Exchange (India) Ltd's debt-to-equity ratio is 0.28.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Ion Exchange (India) Ltd's interest coverage ratio is 9.12.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Ion Exchange (India) Ltd's DPS is ₹1.17.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Ion Exchange (India) Ltd's EPS is -31.33.
(Source line: "Ratios as of 15 Jun 2026, based on last traded price of ₹385. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1964
Headquarters: Mumbai, Maharashtra
Core Offerings: Water Treatment Plants & Systems, Ion Exchange Resins, Specialty Chemicals, Waste Water Treatment, Comprehensive Services
Stock Listing: NSE (IONEXCHANG), BSE (500214)
Promoter: Das Group
Founded in 1964, Ion Exchange (India) Ltd. pioneered water treatment in India, introducing the country's first indigenous ion exchange resin. Over the decades, it expanded its offerings to become a complete water and environmental management solutions provider, encompassing water, wastewater, process liquid treatment, and specialty chemicals, with a strong focus on innovation and sustainable practices.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Engineering | 62% (FY23) | Operating Profit |
| Chemicals | 29% (FY23) | Operating Profit |
| Consumer Products | 9% (FY23) | Operating Profit |
Engineering: Designs, manufactures, and installs a wide range of water and wastewater treatment plants, systems, and components for industrial, institutional, and municipal sectors. This includes comprehensive project management and after-sales service.
Chemicals: Produces a diverse portfolio of ion exchange resins, specialty chemicals for water treatment, process applications, and performance chemicals. This segment also includes membrane chemicals and defoamers.
Consumer Products: Offers various domestic water purifiers and water-related products under brands like 'ZERO B', catering to household and institutional needs for safe drinking water.
Mr. Rajesh Sharma - Managing Director & CEO. He is a seasoned professional with extensive experience in the water treatment and chemical industries, driving the company's strategic growth and operational excellence.
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Aqua Investments Pvt Ltd
Bonus Issue: 1:1 in October 2021.
The Ion Exchange (India) Ltd share price today is ₹385 on NSE (IONEXCHANG), as of 24 Aug 2026.
As of 15 Jun 2026, Ion Exchange (India) Ltd share price is ₹385, with previous close ₹N/A. Today's range is ₹N/A to ₹N/A. The 52-week range is ₹N/A to ₹N/A.
As of today, Ion Exchange (India) Ltd's market cap is ₹5,659.5 crore (Mid Cap).
Ion Exchange (India) Ltd's current P/E ratio is 26.87, compared to the UTILITIES sector average of 37.
Ion Exchange (India) Ltd's current P/B ratio is 4.37.
Ion Exchange (India) Ltd's current dividend yield is 0.30%. Last dividend of ₹10.00 per share was declared on 16-Aug-2023.
Ion Exchange (India) Ltd's EPS (TTM) is ₹-31.33.
Ion Exchange (India) Ltd is a leading company specializing in total water management solutions globally. It offers a comprehensive range of products, services, and technologies for water treatment, wastewater management, process water purification, and specialty chemicals. Serving industrial, institutional, and domestic customers, it is a pioneer in India's water treatment sector.
Ion Exchange (India) Ltd is promoted by Das Group, holding 25.52% as of 15 Jun 2026.
Ion Exchange (India) Ltd is listed on NSE (IONEXCHANG) and BSE (500214). Its next quarterly results are expected on Late July / Early August 2024.