Nifty
:
23329.00
Sensex
:
74529.08
-85.30 (-0.36%)
-329.91 (-0.44%)
Nifty
Sensex
:
:
23329.00
74529.08
-85.30 (-0.36%)
-329.91 (-0.44%)

Ion Exchange (India) Ltd.

Engineering - Industrial Equipments

Rating :
56/99

BSE: 500214 | NSE: IONEXCHANG

NSE BSE
429.80
22-Sep-2026
  • Open
  • High
  • Low
  • Previous Close
  •  432.25
  •  442.95
  •  422.9
  •  432.25
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  197060
  •  85454531.35
  •  486
  •  312.7

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 6,311.80
  • 64.35
  • 1
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 6,447.53
  • 0.29%
  • 4.70

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 25.43%
  • 2.10%
  • 31.43%
  • FII
  • DII
  • Others
  • 4.86%
  • 12.48%
  • 23.70%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 11.19
  • 13.07
  • 7.48

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 11.13
  • -0.14
  • -4.79

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 16.72
  • -2.60
  • -10.05

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 22.41
  • 31.66
  • 37.78

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 5.36
  • 6.33
  • 6.72

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 13.87
  • 18.25
  • 21.81

Earnings Forecasts:

(Updated: 21-09-2026)
Description
2026
2027
2028
2029
Adj EPS
12.03
-
-
-
P/E Ratio
35.73
-
-
-
Revenue
2898.62
-
-
-
EBITDA
210.16
-
-
-
Net Income
142.66
-
-
-
ROA
4.48
-
-
-
P/B Ratio
3.81
-
-
-
ROE
11.2
-
-
-
FCFF
-277.56
-
-
-
FCFF Yield
-4.34
-
-
-
Net Debt
163.02
-
-
-
BVPS
112.95
-
-
-

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
700.46
583.19
20.11%
863.27
834.56
3.44%
734.44
690.51
6.36%
733.94
644.47
13.88%
Expenses
668.72
520.65
28.44%
843.40
748.72
12.65%
675.19
615.04
9.78%
665.45
576.17
15.50%
EBITDA
31.74
62.54
-49.25%
19.87
85.84
-76.85%
59.25
75.47
-21.49%
68.49
68.30
0.28%
EBIDTM
4.53%
10.72%
2.30%
10.29%
8.07%
10.93%
9.33%
10.60%
Other Income
5.95
17.74
-66.46%
43.05
14.84
190.09%
11.52
8.35
37.96%
14.26
14.35
-0.63%
Interest
8.95
2.56
249.61%
10.79
3.61
198.89%
7.57
3.30
129.39%
3.08
3.62
-14.92%
Depreciation
21.75
12.26
77.41%
19.60
11.83
65.68%
18.57
11.33
63.90%
12.17
10.89
11.75%
PBT
6.99
65.46
-89.32%
32.61
85.24
-61.74%
27.66
69.19
-60.02%
67.50
68.14
-0.94%
Tax
4.34
17.48
-75.17%
8.19
21.90
-62.60%
8.12
20.16
-59.72%
17.94
17.68
1.47%
PAT
2.65
47.98
-94.48%
24.42
63.34
-61.45%
19.54
49.03
-60.15%
49.56
50.46
-1.78%
PATM
0.38%
8.23%
2.83%
7.59%
2.66%
7.10%
6.75%
7.83%
EPS
0.29
3.42
-91.52%
1.70
4.45
-61.80%
1.43
3.41
-58.06%
3.48
3.58
-2.79%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
3,032.11
2,914.84
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
Net Sales Growth
10.15%
6.49%
16.58%
18.01%
26.17%
8.79%
-2.05%
27.32%
11.14%
3.66%
 
Cost Of Goods Sold
1,956.88
1,853.58
1,725.41
1,464.69
1,242.56
945.74
891.90
965.33
727.53
675.59
657.13
Gross Profit
1,075.23
1,061.27
1,011.69
883.16
747.04
631.13
557.62
514.50
434.76
370.22
351.78
GP Margin
35.46%
36.41%
36.96%
37.62%
37.55%
40.02%
38.47%
34.77%
37.41%
35.40%
34.87%
Total Expenditure
2,852.76
2,701.19
2,441.38
2,074.82
1,731.77
1,361.74
1,245.11
1,341.97
1,053.41
965.61
934.55
Power & Fuel Cost
-
31.68
26.78
26.26
24.94
21.45
15.66
16.11
15.79
13.37
13.35
% Of Sales
-
1.09%
0.98%
1.12%
1.25%
1.36%
1.08%
1.09%
1.36%
1.28%
1.32%
Employee Cost
-
414.56
341.53
296.55
236.26
199.04
173.63
180.75
151.02
136.97
121.76
% Of Sales
-
14.22%
12.48%
12.63%
11.87%
12.62%
11.98%
12.21%
12.99%
13.10%
12.07%
Manufacturing Exp.
-
96.27
98.31
60.37
55.24
53.71
40.54
40.31
32.23
29.10
28.39
% Of Sales
-
3.30%
3.59%
2.57%
2.78%
3.41%
2.80%
2.72%
2.77%
2.78%
2.81%
General & Admin Exp.
-
169.90
144.35
128.08
101.28
84.64
66.17
83.25
78.10
71.79
70.99
% Of Sales
-
5.83%
5.27%
5.46%
5.09%
5.37%
4.56%
5.63%
6.72%
6.86%
7.04%
Selling & Distn. Exp.
-
34.28
32.25
26.71
16.40
10.84
6.10
12.13
11.02
9.67
8.87
% Of Sales
-
1.18%
1.18%
1.14%
0.82%
0.69%
0.42%
0.82%
0.95%
0.92%
0.88%
Miscellaneous Exp.
-
100.93
72.74
72.17
55.08
46.33
51.11
44.10
37.72
29.12
8.87
% Of Sales
-
3.46%
2.66%
3.07%
2.77%
2.94%
3.53%
2.98%
3.25%
2.78%
3.38%
EBITDA
179.35
213.65
295.73
273.03
257.84
215.13
204.41
137.86
108.87
80.20
74.36
EBITDA Margin
5.92%
7.33%
10.80%
11.63%
12.96%
13.64%
14.10%
9.32%
9.37%
7.67%
7.37%
Other Income
74.78
86.56
50.06
46.20
41.07
42.50
33.09
35.37
33.34
21.09
12.21
Interest
30.39
27.50
16.83
15.47
12.05
12.67
14.72
19.25
21.35
21.89
21.04
Depreciation
72.09
62.60
44.49
36.41
29.09
28.04
27.67
23.53
19.59
13.08
11.83
PBT
134.76
210.12
284.47
267.35
257.77
216.91
195.11
130.44
101.27
66.32
53.70
Tax
38.59
51.74
77.22
73.54
63.74
55.64
51.71
36.73
35.94
26.36
24.81
Tax Rate
28.64%
26.78%
27.15%
27.51%
24.73%
25.65%
26.50%
28.16%
35.49%
39.75%
46.20%
PAT
96.17
142.66
207.81
196.02
196.75
162.78
143.93
93.62
65.26
40.18
30.41
PAT before Minority Interest
96.42
143.20
208.25
195.35
194.97
161.69
143.32
94.15
65.91
39.86
28.84
Minority Interest
0.25
-0.54
-0.44
0.67
1.78
1.09
0.61
-0.53
-0.65
0.32
1.57
PAT Margin
3.17%
4.89%
7.59%
8.35%
9.89%
10.32%
9.93%
6.33%
5.61%
3.84%
3.01%
PAT Growth
-54.38%
-31.35%
6.01%
-0.37%
20.87%
13.10%
53.74%
43.46%
62.42%
32.13%
 
EPS
6.56
9.72
14.17
13.36
13.41
11.10
9.81
6.38
4.45
2.74
2.07

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
1,339.03
1,207.87
1,017.91
833.49
655.66
505.84
363.15
260.03
200.11
166.74
Share Capital
14.23
14.23
14.23
14.23
14.23
14.23
14.23
14.23
14.23
14.23
Total Reserves
1,324.80
1,193.65
1,003.68
819.26
641.43
491.61
348.92
245.80
185.88
152.51
Non-Current Liabilities
411.80
301.60
162.02
41.39
33.92
33.47
54.47
49.69
56.76
48.72
Secured Loans
357.58
252.06
109.05
15.68
11.72
7.95
18.75
26.10
33.40
29.69
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
30.24
20.77
26.13
23.89
18.98
17.05
17.58
14.84
13.04
11.74
Current Liabilities
1,613.43
1,468.15
1,259.08
1,051.35
927.31
898.77
961.15
852.29
804.37
745.42
Trade Payables
899.67
778.98
694.63
551.25
523.49
535.32
493.56
415.10
363.89
391.25
Other Current Liabilities
654.22
654.38
537.84
460.07
354.58
299.85
372.52
350.60
311.46
265.67
Short Term Borrowings
23.10
16.23
12.22
27.49
26.90
32.59
72.25
66.73
112.54
68.36
Short Term Provisions
36.44
18.56
14.40
12.54
22.35
31.01
22.82
19.87
16.48
20.15
Total Liabilities
3,365.55
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
Net Block
753.02
392.25
366.54
215.41
192.10
189.74
194.04
160.67
144.87
98.96
Gross Block
1,023.54
602.97
536.28
354.05
303.34
276.31
252.95
203.68
169.36
110.52
Accumulated Depreciation
270.53
210.72
169.74
138.63
111.24
86.58
58.91
43.02
24.49
11.56
Non Current Assets
1,008.82
798.97
490.27
300.64
269.20
244.98
251.49
225.48
202.05
185.16
Capital Work in Progress
175.63
323.42
60.68
41.95
20.04
14.60
11.51
12.28
6.58
33.55
Non Current Investment
15.22
12.78
11.70
9.52
8.34
4.27
4.46
4.14
3.68
2.90
Long Term Loans & Adv.
62.68
67.40
47.47
29.15
43.43
30.47
35.00
41.35
39.38
41.71
Other Non Current Assets
2.28
3.11
3.89
4.61
5.29
5.91
6.49
7.03
7.54
8.04
Current Assets
2,356.72
2,180.27
1,950.64
1,627.91
1,346.88
1,192.98
1,129.30
938.72
862.03
779.58
Current Investments
0.60
0.41
0.54
0.32
0.32
0.24
0.11
0.37
0.40
0.32
Inventories
441.39
298.99
236.54
222.26
180.96
127.59
134.50
129.76
101.19
128.95
Sundry Debtors
1,074.69
1,107.37
934.78
696.79
507.70
448.96
501.87
424.17
437.10
416.17
Cash & Bank
318.67
465.80
587.90
547.97
535.90
505.38
373.08
290.41
263.17
167.68
Other Current Assets
521.37
38.78
33.19
38.12
122.00
110.80
119.73
94.01
60.16
66.46
Short Term Loans & Adv.
472.51
268.91
157.70
122.45
81.49
81.96
78.88
63.97
40.60
48.48
Net Current Assets
743.29
712.12
691.55
576.55
419.56
294.21
168.15
86.42
57.66
34.16
Total Assets
3,365.54
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

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
-28.47
32.05
129.94
62.73
91.38
197.05
101.79
126.61
86.13
176.32
PBT
193.23
284.47
267.35
257.77
216.91
195.11
130.44
101.27
66.32
53.70
Adjustment
47.84
22.06
21.97
14.00
21.60
27.79
18.94
24.78
12.81
28.67
Changes in Working Capital
-204.86
-202.65
-84.24
-134.37
-75.77
24.05
-11.12
34.44
35.57
118.07
Cash after chg. in Working capital
36.21
103.88
205.08
137.41
162.75
246.95
138.26
160.49
114.71
200.44
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-64.68
-71.83
-75.14
-74.68
-71.37
-49.90
-36.48
-33.87
-28.58
-24.12
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
-44.46
-164.57
-160.05
-40.41
-92.00
-29.24
-17.94
-70.40
-166.22
-71.75
Net Fixed Assets
-252.52
-325.30
-105.91
-77.47
-31.90
-26.31
-46.36
-30.93
-30.95
62.83
Net Investments
-1.53
-1.18
-25.36
4.87
-1.57
-0.56
-1.03
-3.18
-1.11
-1.55
Others
209.59
161.91
-28.78
32.19
-58.53
-2.37
29.45
-36.29
-134.16
-133.03
Cash from Financing Activity
100.12
128.21
8.36
-15.31
-26.86
-74.70
-28.17
-78.97
31.14
-3.29
Net Cash Inflow / Outflow
27.19
-4.31
-21.74
7.01
-27.48
93.11
55.68
-22.75
-48.95
101.28
Opening Cash & Equivalents
149.29
153.64
175.36
169.08
197.23
101.46
45.17
67.25
117.10
19.44
Closing Cash & Equivalent
184.56
149.29
153.64
175.36
169.08
197.23
101.46
45.17
67.25
117.10

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
94.11
84.89
71.54
58.58
46.08
355.50
255.22
182.75
140.63
117.18
ROA
4.51%
7.68%
8.94%
11.00%
10.59%
10.17%
7.36%
5.86%
3.94%
3.44%
ROE
11.25%
18.71%
21.10%
26.18%
27.84%
33.00%
30.08%
28.40%
21.79%
17.23%
ROCE
13.46%
22.68%
27.86%
34.06%
36.48%
41.05%
35.87%
33.39%
27.42%
27.03%
Fixed Asset Turnover
3.58
4.81
5.27
6.05
5.44
5.48
6.48
6.23
7.54
5.98
Receivable days
136.62
136.16
126.82
110.48
110.72
119.71
114.20
135.23
147.62
135.79
Inventory Days
46.36
35.71
35.66
36.99
35.71
33.00
32.59
36.26
39.82
36.65
Payable days
165.28
155.87
155.24
157.85
204.32
210.53
133.47
146.67
157.06
155.07
Cash Conversion Cycle
17.70
16.00
7.25
-10.38
-57.89
-57.82
13.32
24.83
30.38
17.37
Total Debt/Equity
0.34
0.25
0.14
0.06
0.07
0.10
0.28
0.42
0.82
0.66
Interest Cover
8.09
17.97
18.39
22.47
18.15
14.26
7.78
5.74
4.05
3.84

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • Ion Exchange (India) bags contract from Hyundai Engineering & Construction
    10th Jul 2026, 14:59 PM

    The project is scheduled to be executed over a period of 18 months

    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.