Ion Exchange (India) Limited (IONEXCHANG.NS)
Mumbai, IN
Ion Exchange (India) Limited, established in Mumbai in 1964, is a prominent provider of water treatment and environmental management solutions, serving clients both in India and internationally. Operating across its Engineering, Chemicals, and Consumer Products segments, the company offers a comprehensive portfolio. This includes advanced systems for raw water treatment, process and post-treatment, potable water purification, wastewater management, recycling, and zero liquid discharge, utilizing technologies like ion exchange, various membrane processes, and 3D modeling. Its product lines feature specialized resins (for catalyst, adsorbent, pharmaceutical, nuclear, and sugar refining applications), diverse water purification equipment, and a range of membranes (e.g., nanofiltration, ultrafiltration, and RO membranes for sea water, fouling-resistant, and brackish-resistant uses). The company also provides INDION specialty chemical programs for industrial water treatment (such as cooling and boiler water) and supplies sophisticated online monitoring and control instruments for water quality and effluent management. Beyond products, Ion Exchange offers extensive services including consultancy, design engineering, project financing, installation, commissioning, plant automation, rehabilitation, and ongoing operations and maintenance, along with operator training. Its broad customer base extends to various heavy industries (e.g., automotive, cement, power, chemicals, steel, food & beverage, pharmaceuticals), institutional clients (e.g., educational, hospitals, defense), municipal bodies, and both residential and commercial establishments.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -6.77% | -2.14% | -6.93% | +4.39% | +8.65% | -0.13% | -32.46% | +1.26% | +103.31% | +103.31% | +103.31% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Industrial - Pollution & Treatment Controls: +8.0%+6.5% Q1'26: +3.4% (vs Q1'25)
-
EPS growth Industrial - Pollution & Treatment Controls: +15.8%-31.4% Q1'26: -61.8% (vs Q1'25)
-
FCF margin FCF growth · Industrial - Pollution & Treatment Controls: +35.7%-2.1% Q1'26: -19.1% (vs Q1'25)
-
EBIT margin Industrial - Pollution & Treatment Controls: +10.2%+7.5% Q1'26: +5.0% (vs Q1'25)
-
ROIC Industrial - Pollution & Treatment Controls: +6.6%+10.8% ★ Q1'26: +8.7% (vs Q1'25)
-
Share dilution Industrial - Pollution & Treatment Controls: 0.0%+0.0% ★ Q1'26: +0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Industrial - Pollution & Treatment Controls: -0.39×1.71× Q1'26: 1.92× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 1 Rev. Ana. 1 EPS Ana. |
Mar 2027 1 Rev. Ana. 1 EPS Ana. |
Mar 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
8.00B
est: 7.17B (+11.7%)
|
8.69B
est: 8.07B (+7.8%)
|
10.16B
est: 8.81B (+15.3%)
|
10.38B
est: 11.39B (-8.8%)
|
11.55B
est: 10.04B (+15.1%)
|
14.59B
est: 16.16B (-9.8%)
|
14.47B
est: 18.91B (-23.5%)
|
19.90B
est: 20.12B (-1.1%)
|
23.48B
est: 25.63B (-8.4%)
|
27.37B
est: 28.17B (-2.8%)
|
33.81B
33.81B – 33.81B
+20.0% YoY
|
30.21B
30.21B – 30.21B
-10.6% YoY
|
34.20B
34.20B – 34.20B
+13.2% YoY
|
| EBITDA |
528.64M
est: 1.06B (-50.1%)
|
644.53M
est: 1.19B (-46.0%)
|
844.09M
est: 1.30B (-35.2%)
|
1.01B
est: 1.68B (-39.9%)
|
1.43B
est: 1.48B (-3.8%)
|
1.73B
est: 2.39B (-27.5%)
|
2.37B
est: 2.80B (-15.1%)
|
2.99B
est: 2.98B (+0.5%)
|
3.19B
est: 3.79B (-15.8%)
|
3.42B
est: 4.17B (-17.8%)
|
5.00B
5.00B – 5.00B
+20.0% YoY
|
4.47B
4.47B – 4.47B
-10.6% YoY
|
5.06B
5.06B – 5.06B
+13.2% YoY
|
| EBIT |
376.82M
est: 940.19M (-59.9%)
|
495.60M
est: 1.06B (-53.2%)
|
699.29M
est: 1.16B (-39.5%)
|
822.91M
est: 1.49B (-44.9%)
|
1.19B
est: 1.32B (-9.8%)
|
1.45B
est: 2.12B (-31.5%)
|
2.10B
est: 2.48B (-15.4%)
|
2.70B
est: 2.64B (+2.2%)
|
2.83B
est: 3.36B (-15.9%)
|
2.98B
est: 3.70B (-19.4%)
|
4.44B
4.44B – 4.44B
+20.0% YoY
|
3.96B
3.96B – 3.96B
-10.6% YoY
|
4.49B
4.49B – 4.49B
+13.2% YoY
|
| Net Income |
97.60M
est: 190.64M (-48.8%)
|
153.14M
est: 264.02M (-42.0%)
|
283.46M
est: 154.12M (+83.9%)
|
401.75M
est: 317.61M (+26.5%)
|
652.59M
est: 421.82M (+54.7%)
|
936.22M
est: 874.10M (+7.1%)
|
1.44B
est: 1.06B (+35.9%)
|
1.97B
est: 1.67B (+17.9%)
|
1.96B
est: 2.19B (-10.7%)
|
2.08B
est: 1.81B (+14.6%)
|
2.18B
2.18B – 2.18B
+20.3% YoY
|
2.13B
2.13B – 2.13B
-2.2% YoY
|
2.56B
2.56B – 2.56B
+19.8% YoY
|
| SGA |
1.13B
est: 564.33M (+99.6%)
|
218.44M
est: 635.41M (-65.6%)
|
571.38M
est: 693.77M (-17.6%)
|
594.41M
est: 896.55M (-33.7%)
|
635.69M
est: 790.65M (-19.6%)
|
721.99M
est: 1.27B (-43.3%)
|
538.03M
est: 1.49B (-63.9%)
|
793.54M
est: 1.58B (-49.9%)
|
1.02B
est: 2.02B (-49.4%)
|
3.76B
est: 2.22B (+69.7%)
|
2.66B
2.66B – 2.66B
+20.0% YoY
|
2.38B
2.38B – 2.38B
-10.6% YoY
|
2.69B
2.69B – 2.69B
+13.2% YoY
|
| EPS |
0.69
est: 1.61 (-57.1%)
|
1.09
est: 2.23 (-51.1%)
|
2.50
est: 1.30 (+92.3%)
|
3.47
est: 2.68 (+29.5%)
|
5.64
est: 3.56 (+58.5%)
|
8.02
est: 7.37 (+8.8%)
|
12.14
est: 8.93 (+35.9%)
|
16.60
est: 14.08 (+17.9%)
|
16.53
est: 18.51 (-10.7%)
|
17.53
est: 15.30 (+14.6%)
|
18.40
18.40 – 18.40
+20.3% YoY
|
18.00
18.00 – 18.00
-2.2% YoY
|
21.57
21.57 – 21.57
+19.8% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-27 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-26 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-25 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-22 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-21 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-20 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-19 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-18 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-15 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-14 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-13 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-12 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-11 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-08 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-07 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-06 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-05 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-04 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-30 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-23 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-22 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-17 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-15 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Rajesh Sharma | Executive Chairman | 76M | male |
| Indraneel Dutt | MD, Chief Executive Officer & Director | 13M | male |
| Nandkumar Manohar Ranadive | Group Head of Financial Planning & Risk Management | 6M | male |
| Nikisha Solanki | Company Secretary & Compliance Officer | 2M | female |
| Shashikant S. Raut | Vice President of Projects & Sales | — | — |
| Ajay A. Popat | President of Corporate Diversification, Technology & Marketing | — | male |
| Vasant J. Naik | Group Chief Financial Officer | — | male |
| Prashant K. Chitnis | Senior Vice President of Technology | — | male |
| Rajesh Kumar Srivastava | President & CHRO | — | male |
| S. N. Iyengar | Executive Vice President of Medium Industry Segment | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for IONEXCHANG.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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