Ion Exchange (India)

₹313.95As of Sun 8 Nov 2026, 12:00 UTC

NSE:IONEXCHANGIndustrials

Country India

PE (Fwd) 21.53

TSR 5Y CAGR 12.58%

Div yield 0.40%

ROE —

Pollution & Treatment Controls

Beta (5Y) 0.45

PE TTM 26.09

TSR TTM (21.30%)

Mkt cap ₹37.72B

ROIC —

SE Grade™

Value

Quality

Moat

—

1Y Price

Reference

₹353

12.35%

(55.22%)

Price above Reference Value

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

29.15

Revenue₹B

—

15.77

19.90

23.48

27.37

29.15

32.32

16.60%

6.49

Revenue growth%

—

26.17

18.01

16.58

6.49

10.88

17.29

—

35.84

Gross margin%

—

39.35

36.91

37.13

36.41

35.84

35.76

36.91

5.13

Operating margin%

—

11.84

11.46

10.24

9.19

5.13

5.12

10.24

4.89

Net margin%

—

10.32

9.89

8.35

7.59

4.89

4.88

8.35

26.09

P/E ratio (avg)x

—

12.30

15.62

30.08

35.73

33.95

23.60

30.08

—

24.88

EV/EBITx

—

10.72

13.48

24.52

29.52

32.38

22.49

24.52

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

12.03

EPS₹

—

13.73

16.60

16.53

17.53

12.03

13.31

(3.24%)

—

(31.35)

EPS growth%

—

20.87

(0.37)

6.02

(31.35)

10.57

2.83

—

Bookvalue per sh₹

—

FCF per share₹

—

1.25

Dividend per sh₹

—

1.00

1.25

1.50

1.25

1.26

5.74%

—

0.40

Div yield (avg)%

—

0.59

0.48

0.30

0.24

0.31

0.40

0.31

10.39

Payout ratio%

—

7.28

7.53

9.07

8.56

10.39

9.50

8.56

—

118.6

Shares (diluted)M

—

118.6

◌118.6

—

Buyback yield%

—

◌—

—

D/E ratiox

—

37.22

Enterprise value₹B

—

20.02

30.73

58.95

74.24

48.44

37.22

24.72%

—

LT debt₹M

—

Peers (US$398.1M)

Cap (US$)

Nupur Recyclers Limited

122.8M

67.38x

Antony Waste Handling…

91.98M

20.15x

Effwa Infra & Research…

79.12M

22.14x

Cscec Scimee Sci.…

383.5M

430.4x

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

6.703

23.17

Own earn%

—

Sh yield%

0.40

0.30

Owners

Insiders/Inst%

26.50

20.70

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

5/5

Revenue growth years

4/4

EPS growth years

2/4

Dividend streakyrs

Op margin range%

5–12

$1 testx

—

Incr. ROIC%

—

Ion Exchange (India) Limited, together with its subsidiaries, provides water and environmental management solutions in India and internationally. It operates through Engineering, Chemicals, and Consumer Products segments.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

₹29.15B

16.60%

1.00×

Cost of revenue

₹18.70B

18.26%

1.06×

Operating expenses

₹8.950B

19.85%

1.12×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m