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Ion Exchange (India) Ltd

IONEXCHANG

Ion Exchange (India) Ltd

IONEXCHANG
IndustrialsEnvironmental Services
SmallcapWith a market cap of ₹7,870 cr, stock is ranked 635
High RiskStock is 3.47x as volatile as Nifty
655.605.56% (+34.55)
655.605.56% (+34.55)

Price Chart

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IndustrialsEnvironmental Services
SmallcapWith a market cap of ₹7,870 cr, stock is ranked 635
High RiskStock is 3.47x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsEnvironmental Services
SmallcapWith a market cap of ₹7,870 cr, stock is ranked 635
High RiskStock is 3.47x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
37.897.720.27%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
53.447.460.45%

Forecast & Ratings

Detailed Forecast 
—
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Ion Exchange (India) Limited is engaged in water and environment management business. The Company offers products, including ion exchange resins, water treatment plants and chemical additives.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 14.88%, vs industry avg of 17.09%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 80.03% to 65.77%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 24.6%, vs industry avg of 24.94%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue877.611,021.121,066.901,196.191,515.641,482.611,618.982,031.612,393.272,484.57
Raw Materialssubtract552.99721.86652.48737.43967.19898.08971.111,252.061,465.262,149.03
Power & Fuel Costsubtract13.4513.3513.3715.7916.1115.6621.4624.9426.26
Employee Costsubtract110.17121.76136.97151.02180.75173.63199.04236.26296.55
Selling & Administrative Expensessubtract93.2863.7365.4771.4779.0456.4675.5297.12131.98
Operating & Other expensessubtract43.2713.8997.4277.7098.89101.3593.80121.39152.47
Depreciation/Amortizationsubtract12.6111.8313.0819.5923.5327.6728.0429.0936.4138.98
Interest & Other Itemssubtract17.2121.0421.8921.3519.2514.7212.6712.0515.4712.94
Taxes & Other Itemssubtract19.3123.2426.0436.5837.2651.1054.5561.9672.8775.91
EPS0.110.210.280.460.661.012.0813.8313.7714.60
DPS0.300.350.350.450.601.001.001.251.501.25
Payout ratio2.761.631.240.980.910.990.480.090.110.09

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 30PDF
Dec 2PDF
Dec 2PDF
Aug 21PDF
FY 2023

Annual report

PDF

Investor Presentation

Jun 3PDF
May 28PDF
Feb 6PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 25PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsEnvironmental Services

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Ion Exchange (India) Ltd40.167.720.27%
Antony Waste Handling Cell Ltd24.592.95—
EFFWA Infra & Research Ltd44.1016.39—
Namo eWaste Management Ltd64.8412.54—

Price Comparison

Compare IONEXCHANG with any stock or ETF
Compare IONEXCHANG with any stock or ETF
IONEXCHANG
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding26.20%10.49%2.34%5.42%55.55%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun1.95%2.44%3.94%5.20%5.63%5.42%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Ion Exchange (India) Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Nippon India Small Cap Fund - Growth - Direct Plan

Growth
5.9047%0.76%0.03%33/231 (-3)
HDFC Small Cap Fund - Growth - Direct Plan

Growth
2.9759%0.69%0.03%53/91 (+19)
Franklin India Smaller Companies Fund - Growth - Direct Plan

Growth
2.2048%1.20%0.11%23/99 (+6)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

IONEXCHANG has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.27%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.71 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 3, 2024

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 3, 2024

Cash Dividend

Ex DateEx DateAug 30, 2023

Final
Final | Div/Share: ₹1.25

Dividend/Share

₹1.25

Ex DateEx Date

Aug 30, 2023

Cash Dividend

Ex DateEx DateAug 29, 2022

Final
Final | Div/Share: ₹10.00

Dividend/Share

₹10.00

Ex DateEx Date

Aug 29, 2022

Cash Dividend

Ex DateEx DateAug 12, 2021

Final
Final | Div/Share: ₹10.00

Dividend/Share

₹10.00

Ex DateEx Date

Aug 12, 2021

Cash Dividend

Ex DateEx DateSep 10, 2020

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 10, 2020

News & Opinions
Live Market Update
Market opens at fresh life high; all sectors in green

The key equity indices traded with major gains in early trade, mirroring global cues. The Nifty traded above the 25,550 mark. All the sectoral indices on NSE were in the green with IT, realty and bank shares gaining the most. At 09:30 IST, the barometer index, the S&P BSE Sensex was rallied 674.97 points or 0.81% to 83,618.10. The Nifty 50 index advanced 192.45 points or 0.76% to 25,570.00. The Sensex and Nifty clocked an all-time high of 83,359.17 and 25,587.10 respectively in early trade. In the broader market, the S&P BSE Mid-Cap index added 0.70% and the S&P BSE Small-Cap index rose 0.47%. The market breadth was strong. On the BSE, 2,078 shares rose and 835 shares fell. A total of 123 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 1,153.69 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 152.31 crore in the Indian equity market on 18 September 2024, provisional data showed. Economy: Fed Cuts Rates for the First Time in Years, Signaling Policy Shift: The US Federal Reserve made a significant policy shift on Wednesday, reducing interest rates by 50 basis points. This marks the first rate cut in over four years, signaling a potential easing of the restrictive monetary policy implemented to combat inflation. The Federal Open Market Committee (FOMC) justified the decision, citing progress in curbing inflation and a shifting balance of risks. The rate cut is expected to lower borrowing costs for consumers and businesses, stimulating spending and investment. While the 50-basis point cut was at the higher end of market expectations, analysts anticipate further rate reductions in the coming months. The Fed hinted at two more 25-basis point cuts this year, but market sentiment suggests more aggressive easing could be on the horizon. Despite the optimism surrounding rate cuts, Federal Reserve Chair Jerome Powell tempered expectations. He emphasized that the central bank does not intend to return to the era of ultra-low interest rates seen during the COVID-19 pandemic. Powell indicated that the Fed's neutral rate is likely to be higher than in the past, suggesting a less accommodative monetary policy stance going forward. The Fed's rate cut will have global repercussions, particularly in emerging markets like India. Lower interest rates in the US can influence capital flows and exchange rates, affecting these economies' financial conditions. Stocks in Spotlight: Ion Exchange (India) jumped 7.36% after the company announced that it has been awarded contracts worth Rs 161.19 crore from Adani Power for comprehensive & complete total water & environment management solution. Power Grid Corporation of India rose 0.28%. The company has received a Letter of Intent for the project, which includes establishing a new 765/400/220 kV substation at Kurawar, along with 765 kV & 400 kV D/C transmission lines and associated bays extension works at other existing substations in Madhya Pradesh. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.59% to 6.887 as compared with previous close 6.779. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.7300, compared with its close of 83.7650 during the previous trading session. MCX Gold futures for 4 October 2024 settlement shed 0.16% to Rs 72,947. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.44% to 101.04. The United States 10-year bond yield added 0.99% to 3.729. In the commodities market, Brent crude for November 2024 settlement lost 2 cent or 0.03% to $73.63 a barrel. Global Markets: Dow Jones Futures were up 268 points, indicating a strong opening in the US stock market today. Asian stocks surged on Thursday, buoyed by the Federal Reserve's unexpected 50-basis point interest rate cut. Japanese shares climbed as the yen weakened ahead of the Bank of Japan's policy meeting on Friday. The Bank of England is also scheduled to announce its monetary policy decision later in the week. While the Fed's rate cut provided a boost to regional markets, gains were tempered by the weak overnight performance on Wall Street. The outsized cut raised concerns about potential economic slowdown, leading to some cautious trading. In China, investors await the central bank's decision on the benchmark loan prime rate on Friday. Analysts generally expect no changes, given Beijing's conservative approach to stimulus measures. US stock market closed with modest losses and the dollar strengthened on Wednesday following the Fed's rate cut. The S&P 500 declined by 0.29%, falling slightly below its all-time high. The Dow Jones Industrial Average and Nasdaq Composite also experienced minor losses. Trading in Tupperware Brands remained suspended after the company filed for Chapter 11 bankruptcy protection, sending its stock plummeting. US retail sales, unadjusted for inflation, increased 0.1% in August after an upwardly revised 1.1% gain, pointing to healthy consumer demand that continues to underpin the economy. Excluding autos and gasoline stations, sales advanced for a fourth month.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Ion Exchange spurts on bagging Rs 161-cr order from Adani Power

The project involves engineering, procurement & construction of total water & environment management systems for process & utility required of 2 x 800 MW units for Raipur & Raigarh ultra super power projects. The projects are to be completed within 18 months from project award dates. Adani Power, a part of the diversified Adani Group, is the largest private thermal power producer in India. Mumbai-based Ion Exchange (India) is engaged in providing water treatment solutions. It offers a wide range of solutions across the water cycle from pre-treatment to process water treatment, wastewater treatment, recycle, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination etc. The company exports to Africa, Japan, Middle East, Russia, Southeast Asia, Europe, UK, USA, Canada and neighbouring countries. On a consolidated basis, net profit of Ion Exchange (India) jumped 35.1% to Rs 44.96 crore on 18.4% increase in net sales to Rs 567.57 crore in Q1 June 2024 over Q1 June 2023. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Ion Exchange wins contract of Rs 168 cr

Ion Exchange (India) has been awarded Contracts from Technimont SpA, Italy for De-Oiling, Demineralization and Condensate Poly Unit Packages for the Hail & Ghasha Development Project of ADNOC, U.A.E. totaling to approximately Rs 168 crore. The projects are to be completed within 61 weeks from Project Award dates.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
Ion Exchange (India) Ltd Surges 1.59%

Ion Exchange (India) Ltd gained 1.59% today to trade at Rs 715.85. The BSE Utilities index is up 0.57% to quote at 6454.44. The index is up 2.81 % over last one month. Among the other constituents of the index, Adani Power Ltd increased 1.43% and CESC Ltd added 0.96% on the day. The BSE Utilities index went up 86.8 % over last one year compared to the 24.39% surge in benchmark SENSEX. Ion Exchange (India) Ltd has added 4.67% over last one month compared to 2.81% gain in BSE Utilities index and 1.27% rise in the SENSEX. On the BSE, 6753 shares were traded in the counter so far compared with average daily volumes of 43289 shares in the past one month. The stock hit a record high of Rs 767 on 26 Jul 2024. The stock hit a 52-week low of Rs 407 on 04 Jun 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ion Exchange (India) schedules AGM

Ion Exchange (India) announced that the Annual General Meeting (AGM) of the company will be held on 11 September 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live

Ion Exchange (India) consolidated net profit rises 35.14% in the June 2024 quarter

2 months agoBusiness Standard
Earnings
Ion Exchange (India) consolidated net profit rises 35.14% in the June 2024 quarter

Net profit of Ion Exchange (India) rose 35.14% to Rs 44.96 crore in the quarter ended June 2024 as against Rs 33.27 crore during the previous quarter ended June 2023. Sales rose 18.44% to Rs 567.57 crore in the quarter ended June 2024 as against Rs 479.22 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales567.57479.22 18 OPM %11.3110.18 - PBDT72.7155.42 31 PBT62.2747.55 31 NP44.9633.27 35 Powered by Capital Market - Live

2 months agoCapital Market - Live

ION Exchange, Mphasis: Mid, smallcap stocks surge in trade; check reasons

2 months agoBusiness Standard

Infibeam Avenues Ltd leads gainers in ‘A’ group

2 months agoBusiness Standard

Ion Exchange, EMS, Antony Waste zoom up to 35% post Budget. Here’s why

2 months agoBusiness Standard