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Ion Exchange (India) Limited

Ion Exchange (India) Limited

NSE: IONEXCHANG
Pollution & Treatment ControlsIndustrialsSMALL CAPMCap ₹4.64k Cr
₹377.50₹-0.20 (-0.05%)

Market Closed • NSE

Market cap₹4.64k Cr
Enterprise value₹4.64k Cr
P/E TTM45.65
Forward P/E20.97
P/B3.34
EPS TTM₹8.27
Forward EPS₹18.00
ROCE14.20%
D/E0.36
Dividend yield0.00%
Face value₹1.00
52W high₹486.00
52W low₹312.70
Price chart(1Y)
1Y Return:+9.23% (+₹31.90)
H: ₹486L: ₹333
1W-2.40%
1M-11.04%
3M-13.75%
6M-6.64%
1Y-7.27%
Today at a glance

Day range

₹374.15₹380.25

52 week range

₹312.70₹486.00
Volume136.0K0.73x 20D avg
Free float50.00%-26.70% volume

Ion Exchange (India) Limited closed at INR377.50 (-0.05%) on volume 0.73x its 20-day average, trading 22.33% below its 52-week high.

Technical analysis
RSI (14)32.7Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹13.84High
SMA 20₹406.95BEARISH
SMA 50₹398.89BEARISH
SMA 100₹398.62BEARISH
SMA 200₹385.74BEARISH
CPR bottom₹383.82
Pivot₹381.78
CPR top₹379.74
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -87.4% QoQ

2026-08-31

DIVIDEND Announced

Dividend - Rs 1.25 Per Share

2025-09-02

DIVIDEND Announced

Dividend - Rs 1.50 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹482.2 Cr₹4.64k Cr10.39%≤ 33%PASS
Non-halal income ratio–₹2.91k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹3.20k Cr₹3.38k Cr94.54%≥ 20%PASS
Receivables ratio–₹3.38k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E45.6528.10
Forward P/E20.97—
P/B3.343.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield2.203.60
Growth & profitability
RevenuePAT
FY25PAT margin 7.60%
FY26PAT margin 4.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+2.10%
Revenue CAGR 5Y+1.30%
PAT CAGR 3Y-11.80%
PAT CAGR 5Y-7.20%
Operating margin1.43%
Net margin3.23%
Financial health & cash flow
Net debt₹297.6 CrModerate
Interest coverage6.10xEBIT / interest
CFO / PAT-0.20x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹-2847.0 Lakh
Capital expenditure–
Free cash flow₹-28261.0 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall70/100
Valuation50/100
Profitability65/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.36x

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Pollution & Treatment Controls.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
19.43%Institutional holding
38.86%Public holding
5Periods available
0.00%Promoter pledged
1.17LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
31 Aug 2026Dividend₹1.25 / share—31 Aug 2026
02 Sept 2025Dividend₹1.50 / share—02 Sept 2025
—Dividend₹1.50 / share—03 Sept 2024
—Dividend₹1.25 / share—30 Aug 2023
12 Jun 2023Dividend₹10.00 / share—12 Jun 2023
—Dividend₹10.00 / share—29 Aug 2022
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)49.08%+3.16% latest vs average
Highest delivery56.05%on 07 Oct
Average volume (20D)185.5KTrading-session average
Conviction trendStrengthening+3.16% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Ion Exchange (India) Limited
Ion Exchange (India) Limited

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)

IndiaIndustrials

Questions investors ask
Is Ion Exchange (India) Limited Shariah compliant?

Ion Exchange (India) Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (10.39%) complies with AAOIFI threshold (≤ 33%).

What is Ion Exchange (India) Limited's current valuation relative to peers?

Ion Exchange (India) Limited trades at a P/E of 45.6x compared to the sector median of 28.1x, and a Price-to-Book of 3.3x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.36x. Interest coverage is 6.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 1.3% while net profit growth averaged -7.2%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.