Ion Exchange (India) Share Price

329.60-7.05 (-2.10%)

Closed
As On: 11 Jun, 2026, 03:49 PM IST
As On: 11 Jun, 2026, 03:49 PM IST

Sector: Engineering
Industry: Engineering - Wate...

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Open	334.60
High	340.40
Low	327.30
Prev Close	336.65
Volume	2,54,901
VWAP(₹)	333.35

Share Price	Value
Today/Current/Last	329.60331.55
Previous Day	336.65337.15

Ion Exchange Share Recommendations

Mean recosCurrent

STRONG BUY

1 Analysts

Strong
SellSellHoldBuyStrong
Buy

Analyst Trends

Ratings	Current	1W Ago	1M Ago	3M Ago
Strong Buy	1	1	1	-
Buy	-	-	-	-
Hold	-	-	-	-
Sell	-	-	-	-
Strong Sell	-	-	-	-
# Analysts	1	1	1	-

Recent Recos

Target₹4020
OrganizationHDFC Securities
BUY

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News & Analysis

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Sunil Singhania’s Rs 2,700 crore-portfolio gets new look; adds 6 new stocks in Q2. Do you own any?
News
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Announcements

View all Ion Exchange Share News & Announcements

Share Analysis

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Financials

Income (P&L)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	906.32	745.96	748.20	600.93	849.40
Total Income Growth (%)	21.50	-0.30	24.51	-29.25	21.54
Total Expenses	862.92	710.73	677.62	532.91	760.55
Total Expenses Growth (%)	21.41	4.89	27.15	-29.93	21.42
EBIT	43.40	35.23	70.58	68.02	88.85
EBIT Growth (%)	23.19	-50.09	3.76	-23.44	22.57
Profit after Tax (PAT)	24.14	20.30	49.53	48.70	63.35
PAT Growth (%)	18.92	-59.01	1.70	-23.13	30.46
EBIT Margin (%)	4.79	4.72	9.43	11.32	10.46
Net Profit Margin (%)	2.66	2.72	6.62	8.10	7.46
Basic EPS (₹)	2.04	1.71	4.18	4.11	5.34

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	858.61	683.18	694.72	537.35	800.26
Total Income Growth (%)	25.68	-1.66	29.29	-32.85	21.12
Total Expenses	821.21	644.41	628.43	472.65	712.49
Total Expenses Growth (%)	27.44	2.54	32.96	-33.66	21.65
EBIT	37.40	38.77	66.29	64.70	87.77
EBIT Growth (%)	-3.53	-41.51	2.46	-26.28	17.06
Profit after Tax (PAT)	19.57	24.06	47.87	46.88	64.58
PAT Growth (%)	-18.66	-49.74	2.11	-27.41	21.10
EBIT Margin (%)	4.36	5.67	9.54	12.04	10.97
Net Profit Margin (%)	2.28	3.52	6.89	8.72	8.07
Basic EPS (₹)	1.59	1.96	3.89	3.81	5.25

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	3,001.41	2,785.72	2,391.73	2,030.68	1,618.56
Total Revenue Growth (%)	7.74	16.47	17.78	25.46	9.17
Total Expenses	2,791.29	2,501.24	2,124.38	1,772.91	1,401.65
Total Expenses Growth (%)	11.60	17.74	19.82	26.49	8.87
Profit after Tax (PAT)	142.67	207.82	196.02	196.74	162.77
PAT Growth (%)	-31.35	6.02	-0.37	20.87	13.09
Operating Profit Margin (%)	8.03	10.88	11.90	13.41	14.38
Net Profit Margin (%)	4.89	7.59	8.34	9.88	10.32
Basic EPS (₹)	12.03	17.53	165.34	165.95	137.30

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	2,773.86	2,591.21	2,227.09	1,938.96	1,555.49
Total Revenue Growth (%)	7.05	16.35	14.86	24.65	8.13
Total Expenses	2,572.70	2,303.19	1,952.74	1,693.59	1,346.75
Total Expenses Growth (%)	11.70	17.95	15.30	25.75	8.38
Profit after Tax (PAT)	138.38	214.48	204.10	184.72	154.21
PAT Growth (%)	-35.48	5.09	10.49	19.78	5.64
Operating Profit Margin (%)	8.27	11.66	12.89	13.30	14.33
Net Profit Margin (%)	5.16	8.44	9.36	9.76	10.21
Basic EPS (₹)	11.26	17.44	166.03	150.26	125.44

All figures in Rs Cr, unless mentioned otherwise

Insights

Employee & Interest Expense
Company has spent less than 1% of its operating revenues towards interest expenses and 14.22% towards employee cost in the year ending Mar 31, 2026. (Source: Consolidated Financials)

View Details

Balance Sheet

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	3,379.93	2,986.92	2,449.37	1,940.15	1,625.41
Total Assets Growth (%)	13.16	21.95	26.25	19.36	12.62
Total Liabilities	2,039.61	1,777.44	1,429.56	1,104.34	970.58
Total Liabilities Growth (%)	14.75	24.33	29.45	13.78	3.52
Total Equity	1,340.32	1,209.49	1,019.81	835.80	654.83
Total Equity Growth (%)	10.82	18.60	22.02	27.64	29.49
Current Ratio (x)	1.46	1.49	1.55	1.55	1.45
Total Debt to Equity (x)	0.34	0.25	0.14	0.06	0.07
Contingent Liabilities	0.00	201.82	247.86	69.55	64.69

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	3,260.35	2,891.36	2,330.78	1,964.58	1,666.67
Total Assets Growth (%)	12.76	24.05	18.64	17.87	11.44
Total Liabilities	1,870.71	1,621.05	1,256.43	1,027.09	899.26
Total Liabilities Growth (%)	15.40	29.02	22.33	14.22	3.52
Total Equity	1,389.64	1,270.31	1,074.35	937.49	767.42
Total Equity Growth (%)	9.39	18.24	14.60	22.16	22.40
Current Ratio (x)	1.49	1.50	1.59	1.65	1.57
Total Debt to Equity (x)	0.28	0.18	0.04	0.03	0.04
Contingent Liabilities	0.00	301.92	345.33	102.17	96.24

All figures in Rs Cr, unless mentioned otherwise

View Details

Cash Flows

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	-28.47	32.05	129.94	62.73	91.38
Net Cash used in Investing Activities	-44.46	-164.57	-160.05	-40.41	-92.00
Net Cash flow from Financing Activities	100.11	128.21	8.36	-15.31	-26.86
Net Cash Flow	35.27	-4.35	-21.72	6.28	-28.15
Closing Cash & Cash Equivalent	184.56	149.29	153.64	175.36	169.08
Closing Cash & Cash Equivalent Growth (%)	23.62	-2.83	-12.39	3.71	83.64
Total Debt/ CFO (x)	-15.96	9.46	1.06	0.84	0.53

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	-55.73	26.18	124.47	43.24	75.14
Net Cash used in Investing Activities	-38.23	-168.99	-160.97	-13.32	-80.50
Net Cash flow from Financing Activities	111.20	148.28	-11.76	-24.18	-21.71
Net Cash Flow	25.33	5.43	-48.23	5.01	-27.73
Closing Cash & Cash Equivalent	141.14	115.81	110.38	158.56	153.56
Closing Cash & Cash Equivalent Growth (%)	21.87	4.92	-30.39	3.26	101.71
Total Debt/ CFO (x)	-6.89	8.67	0.38	0.58	0.42

All figures in Rs Cr, unless mentioned otherwise

Insights

Decrease in Cash from Investing
Company has used Rs 44.46 cr for investing activities which is an YoY decrease of 72.98%. (Source: Consolidated Financials)

View Details

Ratios

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	10.65	17.20	19.25	23.60	24.82
Return on Capital Employed (%)	13.25	19.61	23.47	30.03	32.49
Return on Assets (%)	4.22	6.95	8.00	10.14	10.01
Interest Coverage Ratio (x)	12.36	25.45	26.18	32.18	25.63
Asset Turnover Ratio (x)	0.92	1.01	1.07	1.05	0.97
Price to Earnings (x)	32.05	32.15	36.90	24.69	14.37
Price to Book (x)	3.40	5.53	7.09	5.83	3.57
EV/EBITDA (x)	15.83	19.04	21.43	14.73	7.26
EBITDA Margin (%)	10.17	12.51	13.45	14.88	16.16

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	9.95	16.88	18.99	19.70	20.09
Return on Capital Employed (%)	12.65	19.61	24.13	25.52	26.79
Return on Assets (%)	4.24	7.41	8.75	9.40	9.25
Interest Coverage Ratio (x)	13.60	40.12	46.64	43.95	32.10
Asset Turnover Ratio (x)	0.87	0.97	1.02	1.04	0.95
Price to Earnings (x)	34.01	32.15	36.50	27.10	15.65
Price to Book (x)	3.38	5.42	6.92	5.34	3.14
EV/EBITDA (x)	17.23	19.88	22.13	16.14	7.94
EBITDA Margin (%)	10.42	13.24	14.40	14.78	16.10

Insights

Passing Profits to Shareholders
Company has consistently declining ROE in last 5 years. Majority of profits last year were disbursed as dividends to shareholders. (Source: Consolidated Financials)

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Peer Comparison

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
Ion Exchange	33.88	3.61	10.65	13.25	4.22	13.76	8.03	4.85	12.03	1.46	0.34	-15.96
Va Tech Wabag	25.62	3.69	14.42	18.00	6.05	10.14	14.33	9.35	70.24	1.71	0.09	1.10
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Annual Ratios (%)

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Stock Performance
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NAME 1D 1W 1M 3M 1Y 3Y 5Y
Ion Exchange Stock Performance -2.10 -16.08 -18.97 -13.52 -41.34 -15.69 0.00
Va Tech Wabag Stock Performance -1.68 9.58 2.48 19.73 8.15 263.03 451.77
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NAME	1D	1W	1M	3M	1Y	3Y	5Y
Ion Exchange Stock Performance	-2.10	-16.08	-18.97	-13.52	-41.34	-15.69	0.00
Va Tech Wabag Stock Performance	-1.68	9.58	2.48	19.73	8.15	263.03	451.77
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Category	No. of Shares	Percentage	% Change QoQ
Promoters	3,74,34,888	25.52 %	-0.05
Pledge	0	0.00 %	0.00
FII	67,86,138	4.63 %	-0.04
DII	2,16,88,257	14.79 %	0.57
MF	1,71,20,858	11.67 %	0.10
Others	8,07,57,307	55.06 %	-0.46

Category	Mar 2026	Dec 2025	Sep 2025	Jun 2025
Promoters	25.52	25.58	25.66	25.70
Pledge	0.00	0.00	0.00	0.00
FII	4.63	4.68	4.85	5.27
DII	14.79	14.21	14.28	14.07
Mutual Funds	11.67	11.56	11.67	11.61
Others	55.06	55.53	55.21	54.96

Mutual Funds Ownership

MF Ownership as on 30 April 2026

Nippon India Small Cap Direct-G
Equity: Small Cap
4
- 283.88
  Amount Invested (in Cr.)
- 0.39%
  % of AUM
- 0.00
  % Change (MoM basis)
HDFC Small Cap Direct-G
Equity: Small Cap
4
- 175.48
  Amount Invested (in Cr.)
- 0.46%
  % of AUM
- 0.35
  % Change (MoM basis)
Franklin India Small Cap Direct-G
Equity: Small Cap
3
- 93.44
  Amount Invested (in Cr.)
- 0.67464125%
  % of AUM
- 0.00
  % Change (MoM basis)

View all Mutual Fund Schemes

Corporate Actions

Recent
Final
125%
May 26, 2026
Board Meeting
Audited Results & Dividend
May 20, 2026
General Meeting
-
Apr 24, 2026

Board Meetings

Announced on	Meeting on
May 20, 2026	May 26, 2026
Audited Results & Dividend
Jan 20, 2026	Jan 29, 2026
Quarterly Results
Oct 30, 2025	Nov 04, 2025
Quarterly Results
Jul 25, 2025	Jul 30, 2025
Quarterly Results
May 20, 2025	May 28, 2025
Audited Results & Dividend

Dividends
Announced on Ex-Date Dividend%
May 29, 2025 Sep 02, 2025 150%
May 29, 2024 Sep 03, 2024 150%
May 26, 2023 Aug 30, 2023 125%
May 27, 2022 Aug 29, 2022 100%
May 26, 2026 - 125%
Bonus
Announced on Ex-Date
Sep 22, 1988 -
Bonus Ratio: 4 share(s) for every 5 shares held
Sep 22, 1979 -
Bonus Ratio: 3 share(s) for every 5 shares held
Splits
Announced on Ex-Date
Apr 20, 2023 Jun 12, 2023
Split: Old FV10.0| New FV:1.0
Rights
No Data Available

Announced on	Ex-Date	Dividend%
May 29, 2025	Sep 02, 2025	150%
May 29, 2024	Sep 03, 2024	150%
May 26, 2023	Aug 30, 2023	125%
May 27, 2022	Aug 29, 2022	100%
May 26, 2026	-	125%

Announced on	Ex-Date
Sep 22, 1988	-
Bonus Ratio: 4 share(s) for every 5 shares held
Sep 22, 1979	-
Bonus Ratio: 3 share(s) for every 5 shares held

Announced on	Ex-Date
Apr 20, 2023	Jun 12, 2023
Split: Old FV10.0\| New FV:1.0

AGM/EGM Meetings

Announced on	Meeting on
Apr 24, 2026	May 26, 2026
-
Aug 14, 2025	Sep 09, 2025
-
Aug 08, 2024	Sep 11, 2024
Book closure from Sep 4, 2024 to Sep 11, 2024
Jul 14, 2023	Sep 08, 2023
A.G.M. & Rs.12.5000 per share(125%)Dividend
Apr 04, 2022	May 09, 2022
-

About Ion Exchange

Ion Exchange (India) Ltd., incorporated in the year 1964, is a Small Cap company (having a market cap of Rs 4,834.13 Crore) operating in Engineering sector.

Ion Exchange (India) Ltd. key Products/Revenue Segments include Engineering, Sale of services, Other Operating Revenue, Scrap for the year ending 31-Mar-2025.

For the quarter ended 31-03-2026, the company has reported a Consolidated Total Income of Rs 906.32 Crore, up 21.50 % from last quarter Total Income of Rs 745.96 Crore and up 6.70 % from last year same quarter Total Income of Rs 849.40 Crore. Company has reported net profit after tax of Rs 24.42 Crore in latest quarter.

The company’s top management includes Mr.Rajesh Sharma, Mr.Aankur Patni, Mr.Dinesh Sharma, Mr.Indraneel Dutt, Mr.Dheeraj Kohli, Mr.M P Patni, Mrs.Alka Arora Misra, Mr.Amitava Guharoy, Mr.David Rasquinha, Mr.Gopalaraman Padmanabhan, Mr.Sanjay Joshi, Mr.Vasant Naik, Mrs.Nikisha Solanki. Company has BSR & Co. LLP as its auditors. As on 31-03-2026, the company has a total of 14.67 Crore shares outstanding.

Ion Exchange Share Price Today is Rs. 329.60. On previous day, the Ion Exchange Share Price (NSE) closed at Rs. 346.85, featuring among the most traded securities on the National Stock Exchange.

Shareholdings:
As of 31st Mar, 2026, the promoter held 25.52% of the stake in Ion Exchange shares, out of which 0.0% was pledged. On the same date, foreign institutional investors' (FII) holdings of Ion Exchange stocks was 4.63% as compared to 4.68% in Dec 2025 with decrease of 0.05%. The domestic institutional investors (DII) holdings on 31st Mar, 2026 was 14.79% as compared to 14.21% in Dec 2025 with increase of 0.58%. Out of the total DII holdings in Ion Exchange shares 11.67% was held by mutual funds. The rest including public held is 55.06%. Ion Exchange stock price is reflected on both the exchanges - BSE and NSE.

Dividend, Bonus & Split Information:
Ion Exchange Dividend: Ever since 1964, Ion Exchange dividends has been paid out around 32 times. As on 11 Jun, 2026, 03:49 PM IST, The overall dividend yield for Ion Exchange stands at 0.37%. The last dividend paid was on null (Rs. 1.25). The Earnings Per Share (EPS) for quarter ending 31st Mar 2026 is Rs. 9.73.

Ion Exchange Bonus: The most recent bonus issue had been in year null around 0 years ago at 5 : 3 ratio. The first bonus issue was announced in Sep 1979.

Stock Forecast:
After showing 906.32 Cr. of sales and 21.5% of quarterly net profit, there have been multiple ups and downs in the Ion Exchange stock prices in the past few weeks. For example, Ion Exchange stock price on 3rd of June 2026 was around Rs. 353.75. Ion Exchange share price now stands at an average of Rs. 329.60. Judging by last week's performance, stock is in down trend.

Ion Exchange has a median target price of Rs. 448.0 in 12 months by 1 analysts. They have provided a high estimate of Rs. 448.0 and low estimate of Rs. 448.0 for Ion Exchange share.

Historical Prices and Performance:
Ion Exchange, incorporated in 1964 is a Small Cap company (with a market cap of Rs. 4937.53) operating in Engineering sector.
The Return of Equity (ROE) in last five financial years given by Ion Exchange stock was 10.65%, 17.2%, 19.25%, 23.6% and 24.82% respectively.
The Ion Exchange share gave a 3 year return of -22.12% as compared to Nifty 50 which gave a return of 25.06%.
Ion Exchange announced 125.0% final dividend on null.

Key Metrics:
PE Ratio of Ion Exchange is 34.61
Prices/Sales Ratio of Ion Exchange is 1.56
Price/Book Ratio of Ion Exchange is 3.68

Peer Insights:
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For Ion Exchange, major competitors and peers include Va Tech Wabag. As of Dec 2025, the dividend yield of Ion Exchange stands at 0.37% while Va Tech Wabag stand at 0.32% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 34.61 and 3.68 respectively.

Leadership of Ion Exchange :
Rajesh Sharma is Executive Chairman
Dinesh Sharma is Vice Chairman
Aankur Patni is Vice Chairman
Indraneel Dutt is Managing Director & CEO
M P Patni is Non Executive Director
David Rasquinha is Independent Director
Sanjay Joshi is Independent Director
Amitava Guharoy is Independent Director
Gopalaraman Padmanabhan is Independent Director
Alka Arora Misra is Independent Director
Nikisha Solanki is Co. Secretary & Compl. Officer
Vasant Naik is Group CFO
Dheeraj Kohli is Chief Executive Officer
Rajesh Srivastava is President & Chief Human Resources Officer
Dinesh Sadasivan is President
Ashok Olla is President
S N Iyengar is Executive Vice President
N Anbanathan is Executive Vice President
C K Sandeep is Executive Vice President
Paresh Ballikar is Executive Vice President
Venkathnath Kandalla is Executive Vice President
Yogesh Bajpai is Executive Vice President
Manish Gandhi is Executive Vice President

Industry

Engineering - Water Solutions

Key Indices Listed On

BSE SmallCap, BSE Utilities, BSE AllCap, Nifty Smallcap 500, Nifty Microcap 250

Address

Ion House,Dr. E. Moses Road,Mahalaxmi,Mumbai, Maharashtra - 400011

Contact

investorhelp@ionexchange.co.in

http://www.ionindia.com

PE Ratio(x)	33.88
EPS - TTM(₹)	9.73
MCap(₹ Cr.)	4,834.13
MCap Rank	38
PB Ratio(x)	3.68
Div Yield(%)	0.38
Face Value(₹)	1.00
52W High(₹)	580.75
52W Low(₹)	312.70
MCap/Sales	1.56
Beta(1 Month)	-
BV/Share(₹)	91.39

PE Ratio(x)	34.08
EPS - TTM(₹)	9.73
MCap(₹ Cr.)	4,862.73
MCap Rank	37
PB Ratio(x)	3.68
Div Yield(%)	0.38
Face Value(₹)	1.00
52W High(₹)	580.65
52W Low(₹)	312.30
MCap/Sales	1.56
Beta(1 Month)	0.61
BV/Share(₹)	91.39

1 Day	-2.1%
1 Month	-18.45%
3 Months	-10.81%
1 Year	-40.08%
3 Years	-23.75%
5 Years	N.A.

1 Day	-1.66%
1 Month	-18.03%
3 Months	-11.05%
1 Year	-39.73%
3 Years	-23.37%
5 Years	57.48%

R1	-	Pivot -	S1	-
R2	-		S2	-
R3	-		S3	-

Ion Exchange (India) Share Price

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Mutual Funds Ownership

Nippon India Small Cap Direct-G

HDFC Small Cap Direct-G

Franklin India Small Cap Direct-G

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