ION Exchange (India) Limited
ION Exchange (India) Limited operates in Water Supply & Management, part of the Utilities sector. It booked ₹700 cr of revenue in its latest quarter (Q1 FY27) and kept 0.6% of sales as profit. It is the 2nd largest of 6 Water Supply & Management companies we track, by market value.
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
“Ion Exchange (India) Limited (the ‘company’) offers a range of solutions across the water cycle from pre-treatment to process water treatment, waste water treatment, recycle, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination etc. The company is also engaged in manufacturing resins, speciality chemicals for water and waste water treatment as well as non-water applications.”
Healthier than 40% of companies in Utilities, on all six measures of filed financials. Each measure is ranked against the 7–23 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 31
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold
What if I invest in IONEXCHANG?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹700 cr |
| Other Income | ₹6 cr |
| Total Income | ₹706 cr |
| Cost of Materials | ₹413 cr |
| Purchases of Stock-in-Trade | ₹40 cr |
| Inventory Change (±) | ₹-7 cr |
| Employee Benefit Expense | ₹109 cr |
| Finance Costs | ₹9 cr |
| Depreciation & Amortisation | ₹22 cr |
| Other Expenses | ₹113 cr |
| Total Expenses | ₹699 cr |
| Profit before Tax | ₹7 cr |
| Tax Expense | ₹4 cr |
| Share of JV / Associates | ₹41 L |
| Net Profit | ₹3 cr |
| Net margin on total income | 0.4% |
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 734 cr | 863 cr | 700 cr |
| Total income | 746 cr | 906 cr | 706 cr |
| Expenses | 701 cr | 874 cr | 699 cr |
| Profit before tax | 28 cr | 33 cr | 7 cr |
| Tax | 8 cr | 8 cr | 4 cr |
| Net profit (owners' share) | 20 cr | 24 cr | 4 cr |
| Net margin (owners' share, on revenue) | 2.8% | 2.8% | 0.6% |
| EPS (₹) | 1.71 | 2.04 | 0.35 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| VA Tech Wabag Limited | ₹1,795 | ₹11,216 cr | 31.3 | 13.9% | 10.1% | — |
| ION Exchange (India) Limitedthis company | ₹339 | ₹4,818 cr | 241.9 | 1.2% | 0.6% | — |
| Enviro Infra Engineers Limited | ₹168 | ₹2,945 cr | 18.5 | 12.9% | 11.1% | — |
| Technocraft Ventures Limited | ₹507 | ₹1,526 cr | 35.7 | — | 11.5% | — |
| Denta Water and Infra Solutions Limited | ₹226 | ₹604 cr | 13.5 | 9.7% | 19.0% | — |
| JITF Infralogistics Limited | ₹268 | ₹262 cr | — | — | -0.8% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹1.25 / share | 31 Aug 2026 |
| Dividend | ₹1.5 / share | 2 Sep 2025 |
| Dividend | ₹1.5 / share | 3 Sep 2024 |
| Dividend | ₹1.25 / share | 30 Aug 2023 |
| Stock split | Stock Split From Rs.10/- to Rs.1/- | 12 Jun 2023 |
| Dividend | ₹10 / share | 29 Aug 2022 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 15 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.