Nifty
:
25320.65
Sensex
:
82269.78
-98.25 (-0.39%)
-296.59 (-0.36%)
Nifty
Sensex
:
:
25320.65
82269.78
-98.25 (-0.39%)
-296.59 (-0.36%)

Ion Exchange (India) Ltd.

Engineering - Industrial Equipments

Rating :
49/99

BSE: 500214 | NSE: IONEXCHANG

NSE BSE
354.20
30-Jan-2026
  • Open
  • High
  • Low
  • Previous Close
  •  332.95
  •  362
  •  322.1
  •  359.20
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  935965
  •  317247434.25
  •  608.95
  •  322.1

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 5,201.53
  • 28.60
  • 1
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 5,212.19
  • 0.42%
  • 3.96

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 25.58%
  • 2.62%
  • 32.06%
  • FII
  • DII
  • Others
  • 4.68%
  • 11.59%
  • 23.47%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 12.13
  • 13.56
  • 11.22

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 17.52
  • 7.67
  • 2.78

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 29.89
  • 7.61
  • 1.84

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 21.20
  • 27.51
  • 37.14

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 5.29
  • 6.50
  • 7.40

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 12.85
  • 17.20
  • 21.71

Earnings Forecasts:

(Updated: 31-01-2026)
Description
2024
2025
2026
2027
Adj EPS
17.53
P/E Ratio
20.21
Revenue
2716
EBITDA
293.81
Net Income
207.82
ROA
7.65
P/B Ratio
4.17
ROE
18.67
FCFF
-260.77
FCFF Yield
-5.04
Net Debt
-143.61
BVPS
84.89

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Net Sales
734.44
690.51
6.36%
733.94
644.47
13.88%
583.19
567.57
2.75%
834.56
781.81
6.75%
Expenses
675.19
615.04
9.78%
665.45
576.17
15.50%
520.65
503.36
3.43%
748.72
689.61
8.57%
EBITDA
59.25
75.47
-21.49%
68.49
68.30
0.28%
62.54
64.21
-2.60%
85.84
92.20
-6.90%
EBIDTM
8.07%
10.93%
9.33%
10.60%
10.72%
11.31%
10.29%
11.79%
Other Income
11.52
8.35
37.96%
14.26
14.35
-0.63%
17.74
11.07
60.25%
14.84
16.85
-11.93%
Interest
7.57
3.30
129.39%
3.08
3.62
-14.92%
2.56
2.93
-12.63%
3.61
3.23
11.76%
Depreciation
18.57
11.33
63.90%
12.17
10.89
11.75%
12.26
10.44
17.43%
11.83
10.42
13.53%
PBT
27.66
69.19
-60.02%
67.50
68.14
-0.94%
65.46
61.91
5.73%
85.24
95.40
-10.65%
Tax
8.12
20.16
-59.72%
17.94
17.68
1.47%
17.48
17.49
-0.06%
21.90
22.74
-3.69%
PAT
19.54
49.03
-60.15%
49.56
50.46
-1.78%
47.98
44.42
8.01%
63.34
72.66
-12.83%
PATM
2.66%
7.10%
6.75%
7.83%
8.23%
7.83%
7.59%
9.29%
EPS
1.43
3.41
-58.06%
3.48
3.58
-2.79%
3.42
3.16
8.23%
4.45
5.12
-13.09%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
2,886.13
2,737.11
2,347.85
1,989.61
1,576.87
1,449.52
1,479.83
1,162.28
1,045.81
1,008.91
871.08
Net Sales Growth
7.52%
16.58%
18.01%
26.17%
8.79%
-2.05%
27.32%
11.14%
3.66%
15.82%
 
Cost Of Goods Sold
1,805.71
1,725.41
1,464.69
1,242.56
945.74
891.90
965.33
727.53
675.59
657.13
564.24
Gross Profit
1,080.42
1,011.69
883.16
747.04
631.13
557.62
514.50
434.76
370.22
351.78
306.85
GP Margin
37.43%
36.96%
37.62%
37.55%
40.02%
38.47%
34.77%
37.41%
35.40%
34.87%
35.23%
Total Expenditure
2,610.01
2,441.38
2,074.82
1,731.77
1,361.74
1,245.11
1,341.97
1,053.41
965.76
936.71
812.24
Power & Fuel Cost
-
26.78
26.26
24.94
21.45
15.66
16.11
15.79
13.37
13.35
13.45
% Of Sales
-
0.98%
1.12%
1.25%
1.36%
1.08%
1.09%
1.36%
1.28%
1.32%
1.54%
Employee Cost
-
341.53
296.55
236.26
199.04
173.63
180.75
151.02
136.97
121.76
110.17
% Of Sales
-
12.48%
12.63%
11.87%
12.62%
11.98%
12.21%
12.99%
13.10%
12.07%
12.65%
Manufacturing Exp.
-
98.31
60.37
55.24
53.71
40.54
40.31
32.23
29.10
28.39
24.36
% Of Sales
-
3.59%
2.57%
2.78%
3.41%
2.80%
2.72%
2.77%
2.78%
2.81%
2.80%
General & Admin Exp.
-
144.35
128.08
101.28
84.64
66.17
83.25
78.10
71.79
70.99
65.58
% Of Sales
-
5.27%
5.46%
5.09%
5.37%
4.56%
5.63%
6.72%
6.86%
7.04%
7.53%
Selling & Distn. Exp.
-
32.25
26.71
16.40
10.84
6.10
12.13
11.02
9.67
8.87
8.79
% Of Sales
-
1.18%
1.14%
0.82%
0.69%
0.42%
0.82%
0.95%
0.92%
0.88%
1.01%
Miscellaneous Exp.
-
72.74
72.17
55.08
46.33
51.11
44.10
37.72
29.27
36.22
8.79
% Of Sales
-
2.66%
3.07%
2.77%
2.94%
3.53%
2.98%
3.25%
2.80%
3.59%
2.95%
EBITDA
276.12
295.73
273.03
257.84
215.13
204.41
137.86
108.87
80.05
72.20
58.84
EBITDA Margin
9.57%
10.80%
11.63%
12.96%
13.64%
14.10%
9.32%
9.37%
7.65%
7.16%
6.75%
Other Income
58.36
50.06
46.20
41.07
42.50
33.09
35.37
33.34
21.09
12.21
6.53
Interest
16.82
16.83
15.47
12.05
12.67
14.72
19.25
21.35
21.74
18.88
18.13
Depreciation
54.83
44.49
36.41
29.09
28.04
27.67
23.53
19.59
13.08
11.83
12.61
PBT
245.86
284.47
267.35
257.77
216.91
195.11
130.44
101.27
66.32
53.70
34.62
Tax
65.44
77.22
73.54
63.74
55.64
51.71
36.73
35.94
26.36
24.81
17.72
Tax Rate
26.62%
27.15%
27.51%
24.73%
25.65%
26.50%
28.16%
35.49%
39.75%
46.20%
51.18%
PAT
180.42
207.81
196.02
196.75
162.78
144.00
93.18
64.69
40.28
30.46
15.20
PAT before Minority Interest
180.14
208.25
195.35
194.97
161.69
143.39
93.71
65.34
39.96
28.89
16.90
Minority Interest
-0.28
-0.44
0.67
1.78
1.09
0.61
-0.53
-0.65
0.32
1.57
-1.70
PAT Margin
6.25%
7.59%
8.35%
9.89%
10.32%
9.93%
6.30%
5.57%
3.85%
3.02%
1.74%
PAT Growth
-16.69%
6.01%
-0.37%
20.87%
13.04%
54.54%
44.04%
60.60%
32.24%
100.39%
 
EPS
12.30
14.17
13.36
13.41
11.10
9.82
6.35
4.41
2.75
2.08
1.04

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
1,207.87
1,017.91
833.49
655.66
505.84
363.15
260.03
200.11
166.74
170.13
Share Capital
14.23
14.23
14.23
14.23
14.23
14.23
14.23
14.23
14.23
14.12
Total Reserves
1,193.65
1,003.68
819.26
641.43
491.61
348.92
245.80
185.88
152.51
154.54
Non-Current Liabilities
301.60
162.02
41.39
33.92
33.47
54.47
49.69
56.76
48.72
52.31
Secured Loans
252.06
109.05
15.68
11.72
7.95
18.75
26.10
33.40
29.69
23.02
Unsecured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Long Term Provisions
20.77
26.13
23.89
18.98
17.05
17.58
14.84
13.04
11.74
12.89
Current Liabilities
1,468.15
1,259.08
1,051.35
927.31
898.77
961.15
852.29
804.37
745.42
486.64
Trade Payables
778.98
694.63
551.25
523.49
535.32
493.56
415.10
363.89
391.25
331.40
Other Current Liabilities
654.38
537.84
460.07
354.58
299.85
372.52
350.60
311.46
265.67
78.09
Short Term Borrowings
16.23
12.22
27.49
26.90
32.59
72.25
66.73
112.54
68.36
56.73
Short Term Provisions
18.56
14.40
12.54
22.35
31.01
22.82
19.87
16.48
20.15
20.43
Total Liabilities
2,979.23
2,440.91
1,928.54
1,616.06
1,437.96
1,380.80
1,164.20
1,064.08
964.74
715.29
Net Block
392.25
366.54
215.41
192.10
189.74
194.04
160.67
144.87
98.96
102.95
Gross Block
602.97
536.28
354.05
303.34
276.31
252.95
203.68
169.36
110.52
239.67
Accumulated Depreciation
210.72
169.74
138.63
111.24
86.58
58.91
43.02
24.49
11.56
136.72
Non Current Assets
798.97
490.27
300.64
269.20
244.98
251.49
225.48
202.05
185.16
188.05
Capital Work in Progress
323.42
60.68
41.95
20.04
14.60
11.51
12.28
6.58
33.55
2.08
Non Current Investment
12.78
11.70
9.52
8.34
4.27
4.46
4.14
3.68
2.90
2.41
Long Term Loans & Adv.
67.40
47.47
29.15
43.43
30.47
35.00
41.35
39.38
41.71
80.58
Other Non Current Assets
3.11
3.89
4.61
5.29
5.91
6.49
7.03
7.54
8.04
0.02
Current Assets
2,180.27
1,950.64
1,627.91
1,346.88
1,192.98
1,129.30
938.72
862.03
779.58
527.26
Current Investments
0.41
0.54
0.32
0.32
0.24
0.11
0.37
0.40
0.32
0.05
Inventories
298.99
236.54
222.26
180.96
127.59
134.50
129.76
101.19
128.95
81.35
Sundry Debtors
1,133.91
934.78
696.79
507.70
448.96
501.87
424.17
437.10
416.17
363.02
Cash & Bank
465.80
587.90
547.97
535.90
505.38
373.08
290.41
263.17
167.68
33.42
Other Current Assets
281.16
33.19
38.12
40.51
110.80
119.73
94.01
60.16
66.46
49.42
Short Term Loans & Adv.
242.38
157.70
122.45
81.49
81.96
78.88
63.97
40.60
48.48
40.87
Net Current Assets
712.12
691.55
576.55
419.56
294.21
168.15
86.42
57.66
34.16
40.62
Total Assets
2,979.24
2,440.91
1,928.55
1,616.08
1,437.96
1,380.79
1,164.20
1,064.08
964.74
715.31

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
32.05
129.94
62.73
91.38
197.05
101.79
126.61
86.13
176.32
49.79
PBT
284.47
267.35
257.77
216.91
195.11
130.44
101.27
66.32
53.70
34.62
Adjustment
22.06
21.97
14.00
21.60
27.79
18.94
24.78
12.81
28.67
27.36
Changes in Working Capital
-202.65
-84.24
-134.37
-75.77
24.05
-11.12
34.44
35.57
118.07
2.25
Cash after chg. in Working capital
103.88
205.08
137.41
162.75
246.95
138.26
160.49
114.71
200.44
64.23
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-71.83
-75.14
-74.68
-71.37
-49.90
-36.48
-33.87
-28.58
-24.12
-14.44
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-164.57
-160.05
-40.41
-92.00
-29.24
-17.94
-70.40
-166.22
-71.75
-25.17
Net Fixed Assets
-325.30
-105.91
-77.47
-31.90
-26.31
-46.36
-30.93
-30.95
62.83
-13.74
Net Investments
-1.18
-25.36
4.87
-1.57
-0.56
-1.03
-3.18
-1.11
-1.55
0.00
Others
161.91
-28.78
32.19
-58.53
-2.37
29.45
-36.29
-134.16
-133.03
-11.43
Cash from Financing Activity
128.21
8.36
-15.31
-26.86
-74.70
-28.17
-78.97
31.14
-3.29
-16.66
Net Cash Inflow / Outflow
-4.31
-21.74
7.01
-27.48
93.11
55.68
-22.75
-48.95
101.28
7.95
Opening Cash & Equivalents
153.64
175.36
169.08
197.23
101.46
45.17
67.25
117.10
19.44
11.18
Closing Cash & Equivalent
149.29
153.64
175.36
169.08
197.23
101.46
45.17
67.25
117.10
19.14

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
84.89
71.54
58.58
46.08
355.50
255.22
182.75
140.63
117.18
119.38
ROA
7.68%
8.94%
11.00%
10.59%
10.17%
7.36%
5.86%
3.94%
3.44%
2.42%
ROE
18.71%
21.10%
26.18%
27.84%
33.00%
30.08%
28.40%
21.79%
17.23%
10.47%
ROCE
22.68%
27.86%
34.06%
36.48%
41.05%
35.87%
33.39%
27.42%
27.03%
21.02%
Fixed Asset Turnover
4.81
5.27
6.05
5.44
5.48
6.48
6.23
7.54
5.98
4.00
Receivable days
137.93
126.82
110.48
110.72
119.71
114.20
135.23
147.62
135.79
145.62
Inventory Days
35.71
35.66
36.99
35.71
33.00
32.59
36.26
39.82
36.65
32.44
Payable days
155.87
155.24
157.85
204.32
210.53
133.47
146.67
157.06
155.07
161.81
Cash Conversion Cycle
17.77
7.25
-10.38
-57.89
-57.82
13.32
24.83
30.38
17.37
16.25
Total Debt/Equity
0.25
0.14
0.06
0.07
0.10
0.28
0.42
0.82
0.66
0.53
Interest Cover
17.97
18.39
22.47
18.15
14.26
7.78
5.74
4.05
3.84
2.91

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • Ion Exchange (India) secures contracts from Rayzon Energy, INOX Solar
    16th Dec 2025, 10:22 AM

    The contract awarded by INOX Solar amounts to approximately Rs 110 crore

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.