ION EXCHANGE (INDIA) LTD·HEAVY MACHINERY 63.44WATER 50.08·Other Utilities Companies

Price

368.65

-1.2%
O:372.25
H:373.75
L:367.6
C:368.65

52W Range

312.7486
+18%/-24%

Market Cap

₹5,406.86 Cr

Traded: ₹4.07 Cr (0.08%) 0.0x

Free Float: ₹2,010.81 Cr (0.20% of FF traded)

Volume · 60D trend

1.1 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-12% 3M:-0% 6M:-8% 12M:+5%

Valuation

P/E55.1
P/B4.0
P/S1.8
EV/EBIT38.7

Business Strength

ROE18.7%
ROCE22.1%
OPM7.2%
NPM4.9%

Growth (3Y CAGR)

EPS-31.3%
Sales+14.0%
Profit-8.0%
3Y Return-4.0%

Balance Sheet

Debt/Equity0.3
Debt454 Cr
Pledge0.0%
CWIP/Fixed Asset23.2%

Cash Position

CFO/NP-19.6%
FCF-280 Cr
FCF 3Y Avg-557 Cr
Cash/MCap6.0%

Others

Div Yield0.3%
Div Payout12.0%
Cash Conv. Cycle44 days
Tradeable Free Float37.2%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 52.25 Cr
2.60% FF
60d high
₹ 54.82 Cr
60d low
₹ 24.75 Cr
60d mean
₹ 39.81 Cr
vs mean
▲ 31.24%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
+22.0%
+20.0%
+17.0%
--
--
Decelerating
Return
+29.0%
+10.0%
-4.0%
-8.0%
--
Decelerating
Profit
+26.0%
+1.0%
-8.0%
--
-48.0%
Decelerating
Sales
+13.0%
+15.0%
+14.0%
--
+10.0%
Decelerating

Quarterly Results

Jun 2026

6 Aug
Rev
700 Cr
+20% YoY-19% QoQ
OPM4.5%
NPM0.4%
PAT
--3 Cr
EPS
-92% YoY0.3

Mar 2026

27 May
Rev
863 Cr
+3% YoY+18% QoQ
OPM2.3%
NPM2.8%
PAT
-62% YoY24 Cr
EPS
-62% YoY1.6

Dec 2025

29 Jan
Rev
734 Cr
+6% YoY+0% QoQ
OPM8.1%
NPM2.8%
PAT
-33% YoY21 Cr
EPS
-58% YoY1.4

Sep 2025

PDF
Rev
734 Cr
+14% YoY+26% QoQ
OPM9.3%
NPM6.8%
PAT
-3% YoY50 Cr
EPS
-3% YoY3.4

Jun 2025

PDF
Rev
583 Cr
+3% YoY-30% QoQ
OPM10.7%
NPM8.3%
PAT
+8% YoY48 Cr
EPS
+8% YoY3.3

Mar 2025

PDF
Rev
835 Cr
+7% YoY+21% QoQ
OPM10.3%
NPM7.6%
PAT
-13% YoY63 Cr
EPS
-13% YoY4.3

Dec 2024

PDF
Rev
691 Cr
+25% YoY+7% QoQ
OPM10.9%
NPM7.2%
PAT
+2% YoY50 Cr
EPS
+2% YoY3.3

Sep 2024

PDF
Rev
644 Cr
+21% YoY+14% QoQ
OPM10.6%
NPM7.9%
PAT
+20% YoY51 Cr
EPS
+20% YoY3.5

Jun 2024

PDF
Rev
568 Cr
+18% YoY-27% QoQ
OPM11.3%
NPM7.9%
PAT
+35% YoY45 Cr
EPS
+35% YoY3.1

Mar 2024

PDF
Rev
782 Cr
+21% YoY+41% QoQ
OPM11.8%
NPM9.3%
PAT
-11% YoY72 Cr
EPS
-11% YoY5.0

Dec 2023

PDF
Rev
554 Cr
+8% YoY+4% QoQ
OPM12.7%
NPM8.5%
PAT
-1% YoY47 Cr
EPS
-1% YoY3.2

Sep 2023

PDF
Rev
533 Cr
--+11% QoQ
OPM11.3%
NPM8.0%
PAT
+9% YoY42 Cr
EPS
--2.9

Jun 2023

PDF
Rev
479 Cr
---26% QoQ
OPM10.2%
NPM7.0%
PAT
+19% YoY33 Cr
EPS
--2.3

Mar 2023

Rev
647 Cr
--+26% QoQ
OPM16.0%
NPM12.5%
PAT
-2% YoY81 Cr
EPS
--5.6

Dec 2022

Rev
512 Cr
----
OPM12.0%
NPM9.4%
PAT
+69% YoY48 Cr
EPS
--3.3

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.36
Interest Coverage-0.8x
Promoter Pledge0.0%
Borrowings482 Cr

Efficiency

Receivable Days135 days
Inventory Days87 days
Payable Days177 days
Cash Conversion cycle44 days

Cash Position

Operating Cash Flow-28 Cr
Investing Cash Flow-44 Cr
Financing Cash Flow100 Cr
Free Cash Flow-280 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023
Dec 2022
Sales700863734734583835691644568782554533479647512
Expenses669844675665521749615576503690483473430541450
Operating Profit3220596863867568649271604910662
OPM %4.5%2.3%8.1%9.3%10.7%10.3%10.9%10.6%11.3%11.8%12.7%11.3%10.2%16.0%12.0%
Other Income643-415181591511179119613
Interest9118334343334222
Depreciation22201912121211111010109877
Profit Before Tax732296866857068629567594810265
Tax %58.6%25.2%28.3%26.4%26.5%25.7%28.9%25.9%28.1%23.9%29.7%28.2%29.9%21.0%27.0%
Net Profit32421504863505145724742338148
Exceptional Items00-17000000000000
EPS (Rs)0.31.61.43.43.34.33.33.53.15.03.22.92.35.63.3
Sales Growth (YoY)20.1%3.4%6.4%13.9%2.8%6.8%24.7%20.9%18.4%20.8%8.2%--------
Sales Growth (QoQ)-18.9%17.5%0.1%25.9%-30.1%20.9%7.1%13.6%-27.4%41.2%3.9%11.2%-25.9%26.4%--
OP Growth (YoY)-49.2%-77.0%-21.5%0.3%-2.6%-6.8%6.9%13.1%31.6%-13.2%13.8%--------
OP Growth (QoQ)60.8%-66.7%-13.5%9.5%-27.1%13.6%10.5%6.4%-30.2%30.3%16.9%23.8%-54.0%71.0%--
Profit Growth (YoY)---62.0%-33.0%-3.0%8.0%-13.0%2.0%20.0%35.0%-11.0%-1.0%9.0%19.0%-2.0%69.1%
EPS Growth (YoY)-91.6%-61.8%-58.3%-2.6%8.1%-12.9%2.2%19.7%35.2%-10.9%-1.2%--------
EPS Growth (QoQ)-83.0%19.6%-59.2%1.8%-23.1%30.5%-4.6%13.0%-38.1%53.1%11.7%27.8%-59.3%69.8%--
OP Margin4.5%2.3%8.1%9.3%10.7%10.3%10.9%10.6%11.3%11.8%12.7%11.3%10.2%16.4%12.1%
Net Margin0.4%2.8%2.8%6.8%8.3%7.6%7.2%7.9%7.9%9.3%8.5%8.0%7.0%12.5%9.4%
Material Cost %--68.0%63.0%63.0%59.0%65.0%63.0%63.0%60.0%66.0%60.0%62.0%60.0%63.0%63.0%
Employee Cost %--13.0%14.0%13.0%16.0%11.0%12.0%13.0%15.0%10.0%13.0%13.0%16.0%10.0%11.0%
P/S1.782.092.07------------------------
P/E55.1042.7232.88------------------------
P/B4.044.554.63------------------------

Shareholding Pattern

Shareholders:1.2L (+285.3%)
Current MixJun 2026

Exchange Filings

50
Company Update19 Aug 2026

ION Exchange (India) Limited has informed the Exchange about the copies of Newspaper Publication in respect of Notice for the 62nd Annual General Meeting of the Company.

Company Update18 Aug 2026

Please find enclosed a letter being sent to those shareholders who have not registered their email address(es) with the Company, its Registrar and Share Transfer Agent, or their respective ....

Others18 Aug 2026

Please find enclosed herewith the Annual Report for the financial year 2025-26.

Others18 Aug 2026

Please find enclosed herewith the BRSR for the financial year 2025-26.

AGM/EGM18 Aug 2026

Please find enclosed herewith the Notice of 62nd Annual General Meeting to be held on Friday, September 11, 2026.

Company Update17 Aug 2026

ION Exchange (India) Limited has informed the Exchange about Transcript of the Conference Call held on Monday, August 10, 2026

Company Update14 Aug 2026

ION Exchange (India) Limited has informed the Exchange about the copies of Newspaper Publication in respect of the information regarding the 62nd Annual General Meeting of the Company.

Company Update10 Aug 2026

ION Exchange (India) Limited has informed the Exchange about Link of Recording of Earnings Conference Call for Q1 - F.Y. 2026-27

Company Update10 Aug 2026

Please find attached revised Investor Presentation.

Company Update10 Aug 2026

Please find enclosed the Earnings Presentation for the first quarter ended June 30, 2026

Company Update10 Aug 2026

Please find attached the Investor Presentation.

Company Update10 Aug 2026

Please find attached the Investor Presentation.

Company Update07 Aug 2026

ION Exchange (India) Limited has informed the Exchange about Copy of Newspaper Publication

Result05 Aug 2026

ION Exchange (India) Limited has submitted to the Exchange, the Unaudited Financial Results (Standalone & Consolidated) for the first quarter ended June 30, 2026.

Board Meeting05 Aug 2026

ION Exchange (India) Limited has submitted to the Exchange, the unaudited financial results (Standalone & Consolidated) for the first quarter ended June 30, 2026.

Company Update25 Jul 2026

ION Exchange (India) Limited has informed the Exchange about the copies of Newspaper Publication for transfer of Equity Shares and Unpaid Dividend.

Company Update14 Jul 2026

ION Exchange (India) Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the first quarter ended June 30, 2026.

Company Update10 Jul 2026

ION Exchange (India) Limited has informed the Exchange that the Company has been awarded an international contract by Hyundai Engineering & Construction Co. Ltd.

Insider Trading / SAST26 Jun 2026

ION Exchange (India) Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 for the unaudited financial ....

Company Update05 Jun 2026

ION Exchange (India) Limited has informed the Exchange about the Transcript of the Earnings Conference Call held for Q4 FY 2025-26

Company Update29 May 2026

ION Exchange (India) Limited has informed the Exchange about Earnings Presentation for the fourth quarter and year ended March 31, 2026

Company Update29 May 2026

ION Exchange (India) Limited has informed the Exchange about Link of Recording of Earnings Conference Call for Q4 - F.Y. 2025-26

Company Update28 May 2026

ION Exchange (India) Limited has informed the Exchange about Copy of Newspaper Publication

Company Update28 May 2026

Ion Exchange (India) Limited has informed the Exchanges about Annual Secretarial Compliance Report for FY 2025-26

Board Meeting26 May 2026

ION Exchange (India) Limited has submitted to the Exchange the Audited Financial Results for the quarter and year ended March 31, 2026, recommendation of Dividend and appointment of Cost Auditors

Corp. Action26 May 2026

Ion Exchange (India) Limited has intimated the record date for final dividend of FY 2025-26.

Result26 May 2026

Ion Exchange (India) Limited has informed the Exchanges about the financial results for quarter and financial year ended March 31, 2026.

Company Update26 May 2026

Ion Exchange (India) Limited has informed the Exchanges about the change in Cost Auditors of the Company.

AGM/EGM25 May 2026

ION Exchange (India) Limited has submitted the Exchange a copy of Scrutinizers report and voting results of Postal Ballot Notice dated March 18, 2026.

Board Meeting20 May 2026

Ion Exchange India Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve Audited Financial Results ....

Company Update20 May 2026

Intimation regarding schedule of Earnings Conference call.

Others15 May 2026

<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....

Company Update29 Apr 2026

ION Exchange (India) Limited has informed the Exchange about Arrangements for strategic, technical and manufacturing tie up with MANN + HUMMEL.

Company Update25 Apr 2026

ION Exchange (India) Limited has informed the Exchange about Copy of Newspaper Publication pertaining to Notice of Postal Ballot and information on e-voting.

AGM/EGM24 Apr 2026

ION Exchange (India) Limited has informed the Exchange regarding Notice of Postal Ballot.

Company Update07 Apr 2026

Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the fourth quarter and year ended March 31, 2026.

Company Update04 Apr 2026

Ion Exchange (India) Limited has informed the Exchange about Copy of Newspaper Publication.

Company Update02 Apr 2026

Ion Exchange (India) Limited has informed the Exchange about Copy of Newspaper Publication regarding notice of loss of equity share certificate, published by the Company.

Insider Trading / SAST26 Mar 2026

Intimation of Closure of Trading Window for the fourth quarter and year ending March 31, 2026

Company Update19 Mar 2026

Disclosure of reaffirmation of Credit Rating pursuant to Regulation 30 of SEBI (LODR), 2015

Others18 Mar 2026

ION Exchange (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on March 18, 2026.

Company Update06 Mar 2026

ION Exchange (India) Limited has informed the Exchange about update on the Litigation matter

Company Update10 Feb 2026

Intimation regarding the receipt of order by Ion Exchange and Company LLC, a subsidiary of the Company, located in Oman, from Petroleum Development Oman.

Company Update09 Feb 2026

Submission of Transcript for Earnings Conference Call held for Q3 FY 2025-26

Company Update02 Feb 2026

Submission of audio recording of Earnings Conference Call Q3 FY 2025 26.

Company Update02 Feb 2026

Submission of Earnings Presentation for the third quarter and nine months ended December 31, 2025.

Company Update31 Jan 2026

Newspaper Advertisement for Unaudited Financial Results for the third quarter and nine months ended December 31, 2025.

Result29 Jan 2026

Unaudited Results for the third quarter and nine months ended December 31, 2025

Board Meeting29 Jan 2026

Pursuant to Regulation 30 read with Schedule Ill of SEBI Listing Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its Meeting held today i.e. Thursday, ....

Company Update27 Jan 2026

Intimation regarding schedule of Earnings Conference call.

Annual Reports

15

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

Credit Ratings

6
crisilRating update
17 Dec 2024Report
crisilRating update
03 Oct 2023Report
crisilRating update
07 Jul 2022Report
crisilRating update
29 May 2021Report
crisilRating update
26 Feb 2020Report
crisilRating update
27 Nov 2018Report

Concalls

58

Feb 2026

28 Feb 2026

Nov 2025

30 Nov 2025

Aug 2025

31 Aug 2025

Jul 2025

31 Jul 2025

Jun 2025

30 Jun 2025

Feb 2025

28 Feb 2025

Nov 2024

30 Nov 2024

Aug 2024

31 Aug 2024

Aug 2024

31 Aug 2024

Jun 2024

30 Jun 2024

Feb 2024

29 Feb 2024

Dec 2023

31 Dec 2023

Nov 2023

30 Nov 2023

Aug 2023

31 Aug 2023

Jul 2023

31 Jul 2023

Jun 2023

30 Jun 2023

May 2023

31 May 2023

Feb 2023

28 Feb 2023

Nov 2022

30 Nov 2022

Aug 2022

31 Aug 2022

May 2022

31 May 2022

Feb 2022

28 Feb 2022

Jan 2022

31 Jan 2022

Dec 2021

31 Dec 2021

Dec 2021

31 Dec 2021

Oct 2021

31 Oct 2021

Aug 2021

31 Aug 2021

Aug 2021

31 Aug 2021

Jul 2021

31 Jul 2021

Jun 2021

30 Jun 2021

Feb 2021

28 Feb 2021

Dec 2020

31 Dec 2020

Nov 2020

30 Nov 2020

Oct 2020

31 Oct 2020

Aug 2020

31 Aug 2020

Jun 2020

30 Jun 2020

Feb 2020

29 Feb 2020

Jan 2020

31 Jan 2020

Nov 2019

30 Nov 2019

Oct 2019

31 Oct 2019

Aug 2019

31 Aug 2019

Jun 2019

30 Jun 2019

May 2019

31 May 2019

Mar 2019

31 Mar 2019

Feb 2019

28 Feb 2019

Nov 2018

30 Nov 2018

Oct 2018

31 Oct 2018

Aug 2018

31 Aug 2018

Jun 2018

30 Jun 2018

Jan 2018

31 Jan 2018

Nov 2017

30 Nov 2017

Oct 2017

31 Oct 2017

Sep 2017

30 Sept 2017

Jul 2017

31 Jul 2017

Jun 2017

30 Jun 2017

Nov 2016

30 Nov 2016

Jun 2016

30 Jun 2016

May 2016

31 May 2016

Held by ETFs

1 ETFs hold IONEXCHANG · sorted by weight

#ETFWeight %
1

AONETOTAL

AONEAMC - AONETOTAL

0.02%

Held by Mutual Funds

12 schemes hold IONEXCHANG · sorted by weight

#SchemeWeight %
1

Sundaram Multi Cap Fund

Sundaram Mutual Fund

0.70%
2

Sundaram Small Cap Fund

Sundaram Mutual Fund

1.08%
3

Motilal Oswal BSE Clean Environment Index Fund

Motilal Oswal Mutual Fund

0.88%
4

Franklin India Small Cap Fund

Franklin Templeton Mutual Fund

0.62%
5

Franklin Build India Fund

Franklin Templeton Mutual Fund

1.19%
6

Motilal Oswal Nifty Microcap 250 Index Fund

Motilal Oswal Mutual Fund

0.38%
7

HDFC Small Cap Fund

HDFC Mutual Fund

0.49%
8

Nippon India Small Cap Fund

Nippon India Mutual Fund

0.37%
9

Bandhan Nifty Total Market Index Fund

Bandhan Mutual Fund

0.02%
10

Groww Nifty Total Market Index Fund

Groww Mutual Fund

0.02%
11

Nippon India Retirement Fund

Nippon India Mutual Fund

0.12%
12

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.02%