What is Ion Exchange (India) Ltd (IONEXCHANG) share price return in the past 10 years?

Ion Exchange (India) Ltd share price has appreciated 26.7% annually (CAGR) over the past ten years.

What is the share price of Ion Exchange (India) Ltd (IONEXCHANG)?

Company share prices are keep on changing according to the market conditions. The current trading price of Ion Exchange (India) Ltd (IONEXCHANG) on 10-Jun-2026 16:59:59 at 16:59 is 337.15.

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

The latest standalone P/E ratio of Ion Exchange (India) as of 10-Jun-2026 is 35.73.

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

The latest standalone P/B ratio of Ion Exchange (India) Ltd (IONEXCHANG) as of 10-Jun-2026 is 3.56.

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

The 52-week high of Ion Exchange (India) Ltd (IONEXCHANG) is Rs. 580.65 and the 52-week low is Rs. 312.30.

Ion Exchange (India) Ltd (IONEXCHANG) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Ion Exchange (India) Ltd (IONEXCHANG)
Brand: Ion Exchange (India)

Key Metrics

Valuation Multiples

Market Cap

₹4,945 Cr.

Current Price

₹337.2

52-Week Low / High

₹312 / 581

TTM EPS

₹9.4

TTM Sales

₹2,679 Cr.

Book Value per Share

₹94.8

P/E Ratio

35.73

Higher than its 5-year historical median

Industry PE

31.2

Price to Book (P/B)

3.56

Lower than its 5-year historical median

Price to Sales (P/S)

1.85

Lower than its 5-year historical median

EV/EBITDA

18.11

In line with its 5-year historical median

Dividend Yield

0.32%

Profitability Efficiency

Return on Equity (ROE)

18.30%

Outperforms industry median

Return on Capital Employed (ROCE)

22.86%

Outperforms industry median

Return on Assets (ROA)

8.24%

Operating Profit Margin

11.3%

Net Profit Margin

8.44%

Gross Profit Margin

12.9%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

16.51%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

7.08%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

5.09%

Asset Quality

Promoter Holding

25.52%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹1,375 Cr.

Equity

₹14.7 Cr.

Face Value

₹1

All Time Low / High

₹1.00 / 767.00

Ion Exchange (India) stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is Ion Exchange (India) Ltd a good quality company?

Ion Exchange (India) Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Ion Exchange (India) Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Ion Exchange (India) Ltd vs industry peers?

Ion Exchange (India) Ltd revenue CAGR is 12.54%, compared to the industry median CAGR of 4.01%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Ion Exchange (India) Ltd?

Promoters hold 25.52% of the Ion Exchange (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Ion Exchange (India) Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 27.5% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	22.1%	25.8%	22.5%	26.1%	29.4%	34.1%	30%	29.8%	27.7%	22.9%	-
Value Creation Index ⓘ	0.6	0.9	0.6	0.9	1.1	1.4	1.1	1.1	1.1	0.7	-
Growth Parameters ⓘ
Sales ⓘ	802	926	986	1,102	1,407	1,402	1,509	1,892	2,180	2,540	2,679
Sales YoY Gr.	-	15.6%	6.4%	11.8%	27.7%	-0.4%	7.7%	25.4%	15.2%	16.5%	-
Adj EPS ⓘ	2.3	3.5	3.2	4.2	6.3	10.1	10.1	12.3	14	14.5	9.4
YoY Gr.	-	50.9%	-6.6%	29.6%	50.2%	60.5%	0.1%	21.2%	13.8%	3.9%	-
BVPS (₹) ⓘ	17.1	18.5	21.4	25.5	32.8	42.8	52.3	60.4	73.3	86.6	94.8
Adj Net Profit ⓘ	33.5	50.9	47.5	61.7	92.5	149	149	180	205	213	138
Cash Flow from Ops. ⓘ	24	158	80.2	105	64.7	192	75.1	54.7	124	26.2	-
Debt/CF from Ops. ⓘ	2.6	0.6	1.7	0.8	1.2	0.2	0.4	0.8	0.4	8.7	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.7%	12.5%	19%	16.5%
Adj EPS ⓘ	22.7%	18.2%	12.7%	3.9%
BVPSⓘ	19.8%	21.4%	18.3%	18.2%
Share Price	26.7%	9.9%	-8%	-38.7%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	14.3	19.5	16.3	17.9	21.6	26.8	21.3	21.8	20.9	18.2	10.4
Op. Profit Mgn % ⓘ	7.8	9.1	7.4	8.5	8.8	14.3	13.2	12.7	12.4	11.3	6.9
Net Profit Mgn % ⓘ	4.2	5.5	4.8	5.6	6.6	10.6	9.9	9.5	9.4	8.4	5.2
Debt to Equity ⓘ	0.3	0.3	0.4	0.2	0.2	0.1	0	0.1	0	0.2	0.2
Working Cap Days ⓘ	283	254	240	228	202	206	198	192	208	226	130
Cash Conv. Cycle ⓘ	16	19	34	30	20	-3	-1	29	47	59	45

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	802	926	986	1,102	1,407	1,402	1,509	1,892	2,180	2,540
Operating Expenses ⓘ +	739	848	913	1,009	1,283	1,205	1,310	1,652	1,912	2,253
Manufacturing Costs	35	38	39	45	53	55	73	77	82	120
Material Costs	532	609	662	732	958	897	940	1,221	1,390	1,634
Employee Cost	86	100	115	125	149	141	164	196	242	275
Other Costs ⓘ	86	100	96	107	124	112	134	157	198	224
Operating Profit ⓘ	62	79	73	93	124	197	199	240	268	287
Operating Profit Margin (%)	7.8%	8.5%	7.4%	8.5%	8.8%	14.1%	13.2%	12.7%	12.3%	11.3%
Other Income ⓘ +	12	18	30	44	49	37	46	45	49	53
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	13	15	18	18	16	12	10	11	10	11
Depreciation ⓘ	10	11	12	18	22	26	27	28	33	40
Profit Before Tax ⓘ	51	71	73	101	134	196	209	246	274	288
Tax ⓘ	17	24	25	35	35	50	55	61	70	74
Profit After Tax	34	47	48	67	99	146	154	185	204	214
PAT Margin (%)	4.3%	5.1%	4.8%	6.0%	7.0%	10.4%	10.2%	9.8%	9.4%	8.4%
Adjusted EPS (₹)	2.4	3.2	3.3	4.5	6.8	10.0	10.5	12.6	13.9	14.6
Dividend Payout Ratio (%)	12.70%	10.90%	10.80%	9.90%	8.90%	10.10%	9.50%	9.90%	10.80%	10.30%

Valuation of ION Exchage - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	249	271	313	374	481	627	767	887	1,074	1,270
Share Capital ⓘ	15	15	15	15	15	15	15	15	15	15
Reserves ⓘ	234	256	299	360	467	612	753	872	1,060	1,256
Debt +	57	76	122	69	69	20	22	33	44	206
Long Term Debt	15	27	33	26	19	8	12	16	44	198
Short Term Debt	41	48	89	43	50	12	10	18	0	8
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	289	346	341	395	471	505	486	523	651	735
Others Liabilities ⓘ	253	289	332	376	415	340	383	481	554	674
Total Liabilities ⓘ	847	981	1,108	1,215	1,436	1,491	1,658	1,924	2,323	2,884
Fixed Assets
Net Fixed Assets ⓘ +	80	90	136	144	177	174	177	204	263	290
Gross Block	195	101	159	184	231	254	281	336	423	487
Accumulated Depreciation	115	11	23	40	54	80	103	132	160	197
CWIP ⓘ	2	34	7	12	12	15	20	42	61	322
Investments ⓘ	55	57	58	61	62	63	64	59	85	86
Inventories	60	104	77	109	118	102	146	186	189	241
Trade Receivables	335	391	430	428	514	453	509	697	922	1,125
Cash Equivalents	19	152	251	275	354	487	513	517	535	424
Others Assets ⓘ	295	154	150	186	200	198	229	219	269	395
Total Assets ⓘ	847	981	1,108	1,215	1,436	1,491	1,658	1,924	2,323	2,884

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	24	158	80	105	65	192	75	55	124	26
PBT ⓘ	51	71	73	101	134	196	209	246	274	288
Adjustment ⓘ	13	13	-1	3	1	15	16	5	1	4
Changes in Working Capital ⓘ	-26	96	37	35	-35	29	-80	-124	-83	-197
Tax Paid ⓘ	-15	-22	-28	-33	-36	-48	-70	-72	-68	-69
Cash Flow From Investing Activity ⓘ +	-16	-61	-159	-57	6	-28	-80	-22	-161	-169
Capex	-25	-43	-29	-30	-31	-30	-49	-59	-115	-317
Net Investments	-0	-34	-147	-49	-29	-37	-53	1	-66	116
Others ⓘ	9	15	16	22	66	38	22	36	20	32
Cash Flow From Financing Activity ⓘ +	-4	4	33	-73	-23	-70	-22	-27	-12	148
Net Proceeds from Shares ⓘ	0	1	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	154
Interest Paid ⓘ	-9	-11	-14	-15	-10	-9	-6	-8	-6	-7
Dividend Paid ⓘ	-4	-4	-4	-4	-11	-2	-12	-12	-15	-18
Others ⓘ	10	18	51	-54	-1	-59	-3	-6	10	19
Net Cash Flow ⓘ	4	102	-47	-25	48	94	-27	6	-48	5

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	14.77	18.1	16.34	19.36	23.16	26.34	22.12	22.39	20.82	18.3
ROCE (%)	22.14	25.83	22.53	26.14	29.41	34.06	30.02	29.78	27.7	22.86
Asset Turnover Ratio	1.05	1.05	0.95	0.95	1.06	0.96	0.96	1.06	1.03	0.98
PAT to CFO Conversion(x)	0.71	3.36	1.67	1.57	0.66	1.32	0.49	0.3	0.61	0.12
Working Capital Days
Receivable Days	145.10	137.70	150.60	141.90	122.10	125.80	116.30	116.30	135.50	147.10
Inventory Days	23	31	33.20	30.80	29.50	28.70	30.10	32	31.30	30.90
Payable Days	192	190.30	189.20	183.40	164.90	198.30	192.40	150.80	154.20	154.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ion Exchange (India) Ltd FAQs

The current trading price of ION Exchage on 10-Jun-2026 16:59 is ₹337.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of ION Exchage stood at ₹4,944.9 Cr

The latest P/E ratio of ION Exchage as of 09-Jun-2026 is 35.73.

The latest P/B ratio of ION Exchage as of 09-Jun-2026 is 3.56.

The 52-week high of ION Exchage is ₹580.6 and the 52-week low is ₹312.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ION Exchage is ₹2,679 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ion Exchange (India) Ltd is a good quality company.

The key valuation ratios of Ion Exchange (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ion Exchange (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Ion Exchange (India) Ltd

Ion Exchange India pioneered water treatment in India and is today the country's premier company in water and environment management, with a strong international presence. Formed in 1964, as a subsidiary of the Permutit Company of UK, it became a wholly Indian company in 1985 when Permutit divested its holding. Ion Exchange currently employs 1,000 people -- multi-disciplinary teams of highly experienced professional managers, technologists and scientists, supported by a widespread infrastructure in India and abroad.

All operating units of the company are ISO 9001:2000 certified. It was the first ion exchange resin manufacturing company in India to have an FDA approved facility for the manufacture of pharmaceutical grade speciality resins. The resin unit is also ISO 14001 certified. And its chemical division, too, is the first in the water treatment sector in India to be ISO 14001 certified.

In its 40 years of experience, the company has provided installations for diverse industries in India and abroad, from nuclear and thermal power, fertilizer and refinery, to automobile, electronics and textile. The company has an in depth understanding and knowledge of the Indian market as well as of the cultural patterns prevailing particularly in South East Asia, Africa and the Middle East.

More than 35,000 plants in India and abroad are packaged, pre-engineered and custom built. Over 400 major installations at thermal and nuclear power plant stations, fertilizer factories, refineries, petrochemical and other industries. The company undertakes over $30 million worth projects in India on global tender basis and many projects abroad. Exports of equipment, ion exchange resins, membranes and water treatment chemicals to Japan, South East Asia, USA, Europe, Africa, Egypt, Middle East, Russia, Bangladesh, Nepal, Mauritius and Sri Lanka.

Products:

Drinking Water Purifiers, Water Conditioners, Sullage Recycle & Sewage Treatment Systems

Subsidiaries:

1. Ion Exchange Singapore Asia Pacific

To service the Pan Asian region for total water management it set up Ion Exchange Asia Pacific in Singapore.

2. Ion Exchange Services

Ion Exchange's investment in building an all-India service infrastructure, started almost two decades ago, is today serving the company in good stead. The service company's network, the largest in the water treatment industry in India, and recently extended to several countries overseas, offers a comprehensive range of technical and value-added services.

3. Ion Exchange Enviro Farms

Like its core business, Ion Exchange's diversification into organic agri-horticulture, through Ion Exchange Enviro Farms, is a natural extension of its activities and shares the vision of a better world. An agri-business subsidiary, this company harnesses Ion Exchange India's four decades of water and environmental management experience into organic agri-horticulture. The company is among the first corporate in India to undertake scientific bio-intensive organic farming on a commercial scale. Its thrusts areas of business are environ farms, contract farming and produce marketing.

Joint Venture:

â€¢ Ion Exchange Waterleau

Their joint venture with Waterleau, Brussels specializes in environmental solutions and services with proprietary technologies encompassing air, water & waste water, bio solids, waste & soil remediation in municipal and industrial segments.

Ion Exchange (India) Ltd (IONEXCHANG)

Ion Exchange (India) Ltd (IONEXCHANG)

Ion Exchange (India) stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of ION Exchage - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ion Exchange (India) Ltd FAQs

About Ion Exchange (India) Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Ion Exchange (India) Ltd (IONEXCHANG)

Ion Exchange (India) Ltd (IONEXCHANG)

Ion Exchange (India) stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of ION Exchage - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ion Exchange (India) Ltd FAQs

What is the share price of ION Exchage?

What is the market cap of ION Exchage?

What is the P/E ratio of ION Exchage?

What is the P/B ratio of ION Exchage?

What is the 52-week high and low of ION Exchage?

What is the TTM revenue of ION Exchage?

Is Ion Exchange (India) Ltd a good quality company?

Is Ion Exchange (India) Ltd undervalued or overvalued?

Is Ion Exchange (India) Ltd a good buy now?

About Ion Exchange (India) Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.