Ion Exchange (India) Ltd (IONEXCHANG) share price, results, shareholding

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	532.97	553.85	781.81	567.57	644.47	690.51	834.56	583.19	733.94	734.44	863.27	700.46
Expenses	472.58	483.27	689.82	503.36	576.17	615.04	748.82	520.65	665.45	675.19	843.53	668.72
Operating Profit	60.39	70.58	91.99	64.21	68.30	75.47	85.74	62.54	68.49	59.25	19.74	31.74
OPM %	11.33%	12.74%	11.77%	11.31%	10.60%	10.93%	10.27%	10.72%	9.33%	8.07%	2.29%	4.53%
Other Income	10.65	9.44	16.85	11.43	14.53	8.91	14.84	18.20	14.62	-4.43	43.13	6.36
Interest	3.56	3.22	3.23	2.93	3.62	3.30	3.61	2.56	3.08	7.57	10.79	8.95
Depreciation	8.50	9.62	10.42	10.44	10.89	11.33	11.83	12.26	12.17	18.57	19.60	21.75
Profit before tax	58.98	67.18	95.19	62.27	68.32	69.75	85.14	65.92	67.86	28.68	32.48	7.40
Tax %	28.20%	29.68%	23.89%	28.09%	25.88%	28.90%	25.72%	26.52%	26.44%	28.31%	25.22%	58.65%
Net Profit	42.35	47.24	72.45	44.78	50.64	49.59	63.24	48.44	49.92	20.56	24.29	3.06
EPS in Rs	2.90	3.24	4.96	3.07	3.47	3.31	4.32	3.32	3.38	1.38	1.65	0.28

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	868	1,009	1,046	1,162	1,480	1,450	1,577	1,990	2,348	2,737	2,915	3,032
Expenses	810	935	966	1,053	1,342	1,243	1,361	1,731	2,072	2,440	2,701	2,853
Operating Profit	58	74	80	109	138	207	216	258	275	297	214	179
OPM %	7%	7%	8%	9%	9%	14%	14%	13%	12%	11%	7%	6%
Other Income	7	12	21	34	36	31	42	42	45	49	71	60
Interest	17	21	22	21	19	15	13	12	15	17	28	30
Depreciation	13	12	13	20	24	28	28	29	36	44	63	72
Profit before tax	35	54	66	102	131	195	217	259	269	285	195	136
Tax %	51%	46%	40%	35%	28%	27%	26%	25%	27%	27%	27%
Net Profit	17	29	40	66	94	143	162	195	195	208	143	98
EPS in Rs	1.05	2.07	2.74	4.45	6.38	9.81	11.10	13.41	13.37	14.17	9.73	6.69
Dividend Payout %	28%	16%	12%	10%	9%	10%	9%	9%	11%	10%	12%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	13%	15%	14%	10%
Compounded Profit Growth	26%	1%	-8%	-48%
Stock Price CAGR	31%	12%	-7%		1%
Return on Equity	22%	20%	17%			12%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	14	14	14	14	14	14	14	14	14	14	14	14
Reserves	142	156	153	186	246	349	492	641	819	1,004	1,194	1,325
Borrowings	86	90	111	165	110	122	62	55	59	152	323	482
Other Liabilities	437	456	689	699	795	896	875	914	1,047	1,271	1,449	1,550
Total Liabilities	679	715	967	1,064	1,164	1,382	1,443	1,625	1,939	2,441	2,979	3,371
Fixed Assets	85	103	99	145	161	194	190	192	215	367	392	753
CWIP	14	2	34	7	12	12	15	20	42	61	323	176
Investments	2	2	3	4	5	5	5	9	10	12	13	16
Other Assets	578	608	831	909	987	1,172	1,234	1,404	1,672	2,001	2,250	2,427
Total Assets	679	715	967	1,064	1,164	1,382	1,443	1,625	1,939	2,441	2,979	3,371

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	45	50	176	86	127	102	197	91	63	130	32	-28
Cash from Investing Activity	-17	-25	-75	-167	-70	-17	-27	-93	-41	-160	-165	-36
Cash from Financing Activity	-29	-17	-3	31	-79	-28	-75	-27	-15	8	128	100
Net Cash Flow	-1	8	98	-50	-22	56	96	-28	6	-22	-4	35
Free Cash Flow	29	21	132	57	96	70	167	42	3	10	-287	-280
CFO/OP	113%	111%	270%	143%	147%	100%	119%	75%	53%	74%	35%	17%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	164	153	151	153	133	124	113	118	128	145	148	135
Inventory Days	55	53	68	55	65	51	52	70	65	59	63	87
Days Payable	221	215	206	197	207	188	219	202	162	174	165	177
Cash Conversion Cycle	-2	-9	12	11	-9	-13	-54	-14	31	31	46	44
Working Capital Days	5	3	-48	-72	-64	-51	-53	-27	5	16	33	53
ROCE %	16%	20%	27%	27%	33%	35%	40%	36%	34%	27%	22%	14%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	26.76%	26.46%	26.38%	26.20%	25.90%	25.78%	25.76%	25.71%	25.67%	25.58%	25.52%	25.43%
FIIs	3.94%	5.20%	5.63%	5.43%	5.44%	5.83%	5.50%	5.27%	4.85%	4.68%	4.63%	4.86%
DIIs	11.90%	11.95%	12.21%	12.83%	13.24%	13.62%	13.88%	14.09%	14.29%	14.22%	14.80%	15.32%
Public	41.20%	40.20%	39.59%	39.36%	39.26%	38.58%	38.69%	38.77%	39.01%	39.34%	38.86%	38.21%
Others	16.18%	16.18%	16.18%	16.18%	16.18%	16.18%	16.18%	16.18%	16.18%	16.18%	16.18%	16.18%
No. of Shareholders	62,689	71,507	75,497	87,586	1,15,664	1,19,037	1,28,164	1,25,651	1,19,139	1,20,488	1,16,996	1,20,052

Fundamentals

Market Cap₹ 6,016 Cr.

Current Price₹ 410

Stock P/E54.7

Book Value₹ 91.3

ROCE14.2 %

ROE12.0 %

Dividend Yield0.30 %

Face Value₹ 1.00

Compounded Sales Growth (TTM)10%

Compounded Profit Growth (TTM)-48%

Consolidated figures.

Valuation

Market capRs 5,783 Cr

Enterprise valueRs 5,946 Cr

P/E (TTM)58.96x

Price to book4.32x

Price to sales1.91x

EV / EBITDA24.89x

EV / EBIT35.65x

EV / sales1.96x

Earnings yield1.70%

Dividend yield0.31%

P/E, 3-year average33.57x

P/B, 3-year average5.33x

P/E, 5-year average20.93x

P/B, 5-year average3.39x

Profitability

Operating margin (excl. other income)7.33%

Operating margin (incl. other income)9.78%

EBITDA margin7.88%

Pre-tax margin4.50%

Net profit margin3.23%

Net margin, latest quarter0.59%

ROE11.20%

ROCE13.27%

ROA4.49%

ROE, 3-year average17.02%

ROCE, 3-year average21.08%

ROA, 3-year average7.04%

ROE, 5-year average21.10%

ROCE, 5-year average26.59%

ROA, 5-year average8.55%

ROIC (approx.)8.16%

Tax rate26.54%

Other income / net worth5.33%

Growth

Sales growth (latest year)6.49%

Profit growth (latest year)-31.35%

Sales CAGR, 3 years13.57%

Sales CAGR, 5 years14.99%

Profit CAGR, 3 years-10.16%

Profit CAGR, 5 years-0.18%

Sales growth QoQ-18.86%

Profit growth QoQ-82.97%

Sales growth YoY (latest quarter)20.11%

Profit growth YoY (latest quarter)-91.56%

Per share

EPS (TTM)Rs 6.89

EPS (latest year)Rs 10.03

EPS (latest quarter)Rs 0.29

EPS, 3-year averageRs 12.80

EPS, 5-year averageRs 58.21

Book value per shareRs 94.11

Sales per shareRs 213.10

Cash flow per shareRs -2.00

Free cash flow per shareRs -19.68

Dividend per share (latest year)Rs 1.25

Dividend per share, 3-year averageRs 1.42

Dividend per share, 5-year averageRs 5.35

Dividends

Dividend payout12.47%

Dividend payout, 3-year average11.21%

Dividend payout, 5-year average10.28%

Efficiency

Asset turnover0.86x

Fixed asset turnover3.87x

Inventory turnover4.55x

Inventory days80 days

Debtor days135 days

Debtors turnover2.71x

Creditor days177 days

Cash conversion cycle44 days

Working capital days53 days

Leverage

Total debtRs 482 Cr

Cash and bankRs 319 Cr

Net debtRs 164 Cr

Debt to equity0.36x

Net debt / EBITDA0.68x

Interest coverage5.49x

Current ratio (filing 2026-03-31)1.46x

Quick ratio (filing 2026-03-31)1.19x

Trade payables (filing 2026-03-31)Rs 900 Cr

Owners' fund to total sources39.72%

Debt to assets14.30%

Cash flow

Cash from Operating Activity (latest year)Rs -28 Cr

Cash from Investing Activity (latest year)Rs -36 Cr

Cash from Financing Activity (latest year)Rs 100 Cr

Net Cash Flow (latest year)Rs 35 Cr

Free cash flow (latest year)Rs -280 Cr

FCFE (approx.: FCF + change in debt)Rs -120 Cr

Cash from ops / profit, 5 years0.32x

Statement figures

Net sales (TTM)Rs 3,032 Cr

Net sales (latest year)Rs 2,915 Cr

Sales (latest quarter)Rs 700 Cr

Operating profit excl. other income (latest year)Rs 214 Cr

Operating profit (latest quarter)Rs 32 Cr

Other income (TTM)Rs 60 Cr

EBITDA (TTM)Rs 239 Cr

PBDT (TTM)Rs 209 Cr

Profit before tax (TTM)Rs 136 Cr

Tax (latest year)Rs 52 Cr

Net profit (TTM)Rs 98 Cr

Net profit (latest year)Rs 143 Cr

Net profit (latest quarter)Rs 4 Cr

Depreciation (TTM)Rs 72 Cr

Depreciation (latest quarter)Rs 22 Cr

Interest (TTM)Rs 30 Cr

Cost of goods sold (latest year)Rs 2,007 Cr

Total expenditure (latest year)Rs 2,701 Cr

Total income (latest year)Rs 2,986 Cr

Share capitalRs 14 Cr

ReservesRs 1,325 Cr

Shareholders' fundsRs 1,339 Cr

Total assetsRs 3,371 Cr

Net blockRs 753 Cr

Capital work in progressRs 176 Cr

InvestmentsRs 16 Cr

ReceivablesRs 1,075 Cr

InventoryRs 441 Cr

Other liabilitiesRs 1,550 Cr

Shares outstanding (crore)14.23

Ownership

Promoter holding25.43% (-0.28 in a year)

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/E 59.0 is at the 98th percentile of its own 9.4-year range (median 23.3, low 10.1, high 59.6).

P/B 4.32 is at the 41th percentile (median 4.68).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	IONEXCHANG	Nifty 50	Difference
1 week	-3.4%	-2.8%	-0.6 pts
1 month	+10.6%	-6.8%	+17.3 pts
3 months	-2.9%	-7.6%	+4.8 pts
6 months	+26.9%	+0.4%	+26.5 pts
1 year	-1.3%	-9.9%	+8.6 pts
2 years	-39.3%	-13.6%	-25.8 pts
3 years	-21.6%	+14.2%	-35.7 pts
5 years	+82.6%	+27.9%	+54.7 pts

17 mutual fund schemes hold about ₹682 Cr. Over three months 0 bought more and 15 sold (share counts, price move removed).

Fund	Weight	Est. Cr	3m shares
Nippon India Small Cap Fund	0.32%	261	-13%
HDFC Small Cap Fund	0.42%	175	-11%
Franklin India Small Cap Fund	0.70%	103	-11%
Sundaram Small Cap Fund	0.96%	40	-14%
Abakkus Small Cap Fund	1.35%	38	+2%
Franklin Build India Fund	1.10%	35	-5%
Sundaram Multi Cap Fund	0.60%	18	-13%
Motilal Oswal Nifty Microcap 250 Index Fund	0.32%	8	-14%
Quantum Ethical Fund	1.83%	2	-15%
Quantum ESG Best In Class Strategy Fund	1.89%	2	-12%
Motilal Oswal BSE Clean Environment Index Fund	0.85%	0	-0%
Groww Nifty Total Market Index Fund	0.01%	0	-9%
Angel One Nifty Total Market Index Fund	0.01%	0	-10%
Mirae Asset Nifty Total Market Index Fund	0.01%	0	-9%
Bandhan Nifty Total Market Index Fund	0.01%	0	-9%
Motilal Oswal BSE 1000 Index Fund	0.01%	0	-10%
Nippon India Retirement Fund-Wealth Creation	0.00%	0	-100%

Red flags

F-score 2 of 8

explain	Weak cash conversion Cash from operations was 24% of net profit over the last 3 years
explain	Debt up, profit down Borrowings up 49% while net profit fell in 2026
look	Inventory outrunning sales Inventory grew 48% vs sales +6% in 2026
look	Auditor change Auditor change 2026-05-26: ION Exchange (India) Limited has informed the Exchange regarding Change in Auditors of the company.

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026

Sales ₹700 Cr +20.1% vs Jun 2025. Net profit ₹3 Cr -93.7%.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2026-08-31	Dividend - Rs 1.25 Per Share
2025-09-02	Dividend - Rs 1.50 Per Share
2024-09-03	Annual General Meeting/Dividend - Rs 1.50 Per Share
2023-08-30	Annual General Meeting/Dividend - Rs 1.25 Per Share
2023-06-12	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share	0.1000
2022-08-29	Annual General Meeting/Dividend - Rs 10 Per Share

Date	Type	What it says
2026-09-11	Shareholder meeting	ION Exchange (India) Limited has submitted the Exchange a copy of Voting Results and Scrutinizers Report of 62nd Annual General Meeting held on Septe...
2026-09-11	Shareholder meeting	Proceedings of 62nd Annual General Meeting held on September 11, 2026.
2026-08-18	Updates	Intimation under Regulation 30 - Letter sent to Shareholders of the Company.
2026-08-18	Shareholder meeting	Notice of Annual General Meeting to be held on September 11, 2026
2026-08-17	Concall / analyst meet	Transcript of the Conference Call held on Monday, August 10, 2026
2026-08-10	Concall / analyst meet	Link of Recording
2026-08-10	Investor Presentation	Investor Presentation
2026-08-10	Concall / analyst meet	The Earnings Presentation for the first quarter ended June 30, 2026.
2026-08-10	Investor Presentation	Investor Presentation
2026-08-05	Concall / analyst meet	The Schedule of Special Call on Reclassification of Reporting Segments and Earnings Conference Call.
2026-08-05	Board meeting outcome	ION Exchange (India) Limited has submitted to the Exchange, the unaudited financial results (Standalone & Consolidated) for the first quarter ended Ju...
2026-07-10	Order win	The Company has been awarded an international contract by Hyundai Engineering & Construction Co. Ltd.
2026-06-29	Disclosure under SEBI Takeov	ION Exchange (India) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-06-05	Concall / analyst meet	The Transcript of the Earnings Conference Call held for Q4 FY 2025-26
2026-05-29	Concall / analyst meet	Link of Recording of Earnings Conference Call for Q4 - F.Y. 2025-26
2026-05-29	Concall / analyst meet	Earnings Presentation for the fourth quarter and year ended March 31, 2026
2026-05-26	Change in Auditors	Change in Auditors of the company.
2026-05-26	Record Date	Record date for the purpose of Dividend is 31-Aug-2026.
2026-05-26	Board meeting outcome	ION Exchange (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-25	Shareholder meeting	ION Exchange (India) Limited has submitted the Exchange a copy of Scrutinizers report and voting results of Postal Ballot Notice dated March 18, 2026...
2026-05-20	Concall / analyst meet	Schedule of Earnings Conference Call
2026-04-29	Arrangements for strategic,	Arrangements for strategic, technical and manufacturing tie up with MANN + HUMMEL
2026-04-24	Shareholder meeting	Notice of Postal Ballot
2026-03-19	Credit Rating	Credit Rating
2026-03-18	Board meeting outcome	Outcome of Board Meeting held on March 18, 2026.

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Ion Exchange (India) Ltd?

Ion Exchange (India) Ltd (IONEXCHANG) has a market capitalisation of Rs 6,016 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ion Exchange (India) Ltd?

Ion Exchange (India) Ltd trades at a P/E of 54.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ion Exchange (India) Ltd's latest quarterly results?

In the Jun 2026 quarter, Ion Exchange (India) Ltd sales was Rs 700 Cr (+20.1% vs Jun 2025) and net profit was Rs 3 Cr.

What is the 52-week high and low of Ion Exchange (India) Ltd?

The 52-week high is Rs 486.00 and the 52-week low is Rs 312.70.