IONEXCHANG share price, P/E, ROE & financials

As of 6 Nov 2026, ION Exchange (India) trades at 36.7× trailing earnings, above the industry P/E of 26.9×, and the shares are 38% below their 52-week high. Its ROCE of 12% is the second-lowest among the 7 largest Pollution & Treatment Controls peers, and sales grew 14% a year over 3 years while net profit fell 10%. Its dividend yield is 0.4%, and debt is 0.36× equity. It is a small-cap company with a market cap of ₹3,732 Cr, ranked 147th of 560 Pollution & Treatment Controls companies by market cap; the shares fell 21% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹312.90
Day high: ₹312.90
Day low: ₹301.00
Prev. close: ₹312.55
Volume: 3.2 L

Health check

6 to check

ReturnsBehind
−21.2% over a year, better than 0 of 7 peers.
Price tagPricier
P/E 36.7 vs industry 26.9.
GrowthSlow
Sales +13.6%, profit −10.2% a year over 3 years.
ProfitabilityWeak
ROCE 12.3% vs peer median 24.9%.
Balance sheetStretched
Debt 0.36× equity, interest covered 9.7×, Piotroski 2 of 9.
Red flags2 to check
Quarterly profit down 91.6% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Pollution & Treatment Controls

559 listed peers. Screen the industry

Small cap

₹3,732 Cr, #147 of 560 in its industry by size.

Defensive

Beta 0.45 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹3,032 Cr · profit ₹98 Cr

Market cap: ₹3,732 Cr; Small cap
P/E: 36.7; Industry 26.9
Price to book: 2.79; Peers 10.26
Dividend yield: 0.37%
ROE: 11.2%; Peers 21.0%
ROCE: 12.3%; Peers 24.9%
Debt to equity: 0.36; Debt ₹482 Cr
EPS (TTM): ₹8.27; Face value ₹1
OPM (TTM): 6.0%; Net margin 3.2%
Sales growth: +20.1%; Latest quarter vs a year ago
Profit growth: −91.6%; Latest quarter vs a year ago
Price to sales: 1.23; EV/EBITDA 23.6

Strengths

Quarterly sales up 20.1% on a year ago.

Risks to check

Quarterly profit down 91.6% on a year ago.
38% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About ION Exchange (India)

Ion Exchange (India) Limited, together with its subsidiaries, provides water and environmental management solutions in India and internationally. It operates through Engineering, Chemicals, and Consumer Products segments. The company offers raw water, process, post, and drinking water treatment; waste water, water recycling, and zero liquid discharge systems; sludge dewatering and waste to energy systems; ion exchange process, membrane process, ion…

Headquarters: Mumbai
Employees: 2,975
Sector: Industrials
ISIN: INE570A01022
Website: ionexchangeglobal.com

Price range

52 weeks

₹295.00₹486.00

Today

₹301.00₹312.90

Avg volume (3M): 3.9 L
1-year return: minus 21.2%
From 52-week high: minus 37.5%

Peers · Pollution & Treatment Controls

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
HALHindustan Aeronautics	4,980.00	minus 1.25%	3,33,050	35.7	28.5	13.8%	25.3%	0.00	6.4%	plus 7.6%
BELBharat Electronics	396.00	plus 0.23%	2,89,467	45.3	33.7	31.9%	28.2%	0.00	15.5%	minus 4.8%
TMCVTata Motors	425.50	minus 0.83%	1,56,704	24.8	16.0	25.5%	10.4%	0.25	–	plus 29.2%
BHELBharat Heavy Electricals	418.80	plus 0.17%	1,45,829	50.6	74.6	6.6%	10.1%	0.22	13.5%	plus 56.4%
ABBABB India	6,774.00	plus 2.20%	1,43,547	92.3	68.2	28.5%	13.8%	0.02	15.4%	plus 26.4%
SIEMENSSiemens	3,560.00	plus 3.73%	1,26,779	86.1	59.3	16.5%	10.4%	0.02	3.0%	plus 10.0%
POWERINDIAHitachi Energy India	27,800.00	minus 1.42%	1,23,911	107.7	95.3	24.9%	16.1%	0.02	22.2%	plus 37.9%
IONEXCHANGION Exchange (India)	303.60	minus 2.86%	3,732	36.7	18.7	12.3%	6.0%	0.36	13.6%	minus 21.2%
Median of 7 peers	–	0.17%	1,45,829	50.6	59.3	24.9%	13.8%	0.02	14.5%	26.4%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Mar 25	Jun 25	Dec 25	Mar 26	Jun 26
835	583	734	863	700
–	–	–	+3.4%	+20.1%
749	521	675	843	669
85.8	62.5	59.3	19.9	31.7
10.3%	10.7%	8.1%	2.3%	4.5%
14.7	18.2	12.5	42.9	6.4
3.6	2.6	7.6	10.8	9
11.8	12.3	18.6	19.6	21.8
–	–	−17	0.1	–
85.1	65.9	28.7	32.5	7.4
25.7%	26.5%	28.3%	25.2%	58.6%
63.4	48.7	20.3	24.1	4.1
–	–	–	minus 61.9%	minus 91.6%
5.34	4.11	1.71	2.04	0.35

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +13.6%
Profit CAGR 3Y: −10.2%
EPS CAGR 3Y: −10.2%
ROE: 11.2%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,979	2,338	2,716	2,899
–	+18.2%	+16.2%	+6.7%
1,715	2,054	2,417	2,685
263	284	299	214
13.3%	12.1%	11.0%	7.4%
37.7	36.8	43.3	81.3
7.7	10.2	10.9	22.3
29.1	36.4	44.5	62.6
−5.3	−5.2	−1.2	−15.2
259	269	285	195
24.6%	27.3%	27.1%	26.5%
197	196	208	143
–	minus 0.4%	+6.0%	minus 31.4%
16.59	16.53	17.53	12.03

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
14.2	14.2	14.2	14.2
819	1,004	1,194	1,325
59.2	152	323	482
1,047	1,279	1,456	1,559
1,940	2,449	2,987	3,380
248	423	729	939
43.4	82.6	362	209
15.5	17.4	18.3	22
340	370	304	219
1,293	1,557	1,574	1,991
1,940	2,449	2,987	3,380

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
62.7	130	32	−28.5
−40.4	−160	−165	−44.5
−15.3	8.4	128	100
7	−21.7	−4.3	27.2
−59.8	−120	−320	−254
2.9	9.6	−288	−283
−12.3	−15.4	−18.7	−19.4

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 20.4% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you