Market Data
Market Cap₹6,195.93 Cr.
52W High₹485.8
Current Price₹422.45
52W Low₹312.3
Down from 52W High13 %
Face Value₹1
Performance
ROCE9.16 %
ROE7.32 %
EPS (TTM)₹0.35
EPS Prev Qtr₹2.04
EPS Last Year₹4.18
EBITDA Qtr₹9.99 Cr.
Book Value₹91
Financial Health
Debt/Equity0.36
Debt/Profit4.93
Total Assets₹3,379.93 Cr.
Dividend Yield0.3 %
Promoter Holding25.43 %
Earning Power3.17 %
Valuation
Stock P/E63.34
Industry P/E15.605
Price to Book4.63
Price to Sales2.04
Graham Number₹117.02
Key Metrics
Face Value
₹1
About Ion Exchange (India) Ltd
Construction · Infrastructure Developers & Operators
Ion Exchange (India) Ltd is listed on NSE in the Construction / Infrastructure Developers & Operators sector. Face value ₹1. Market cap ₹6,195.93 Cr.
Price Chart
Strengths & Weaknesses
Strengths
- The company maintains a low debt-to-equity ratio of 0.25, indicating a conservative capital structure.
- The promoter holding stands at 25.43%, suggesting a reasonable level of management control and alignment of interests.
Weaknesses
- The P/E ratio of 52.12 is relatively high, which may indicate that the stock is overvalued compared to peers.
- The P/B ratio of 5.24 suggests that the market values the company at a premium over its book value.
- The return on equity (ROE) of 8.1% is relatively low, indicating that the company may not be efficiently utilizing shareholder equity to generate profits.
- The dividend yield of 0.29% is very low, offering limited income potential for investors.
- The return on capital employed (ROCE) of 11.04% is modest, suggesting that the company may not be generating strong returns on its invested capital.
Peer Comparison
| Name | CMP | P/E | Market Cap | Div Yield | NP Qtr | Qtr Profit Var% | Sales Qtr | Qtr Sales Var% | ROCE% | Debt/Eq |
|---|---|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro Ltd | - | 31.26 | ₹5,18,649.9 Cr | 1.01% | ₹19,816.7 Cr | - | ₹2,90,137.13 Cr | - | 17.79% | 0.9 |
| Rail Vikas Nigam Ltd | - | 47.1 | ₹42,325.91 Cr | 0.84% | ₹895.84 Cr | - | ₹20,824.58 Cr | - | 11.15% | 0.49 |
| ACME Solar Holdings Ltd | - | 44.79 | ₹30,996.44 Cr | 0.05% | ₹602.42 Cr | - | ₹2,369.89 Cr | - | 13.85% | 2.31 |
| Kalpataru Projects International Ltd | - | 20.68 | ₹23,505.99 Cr | 0.8% | ₹1,128.57 Cr | - | ₹27,379.86 Cr | - | 17.7% | 0.43 |
| Cemindia Projects Ltd | - | 34.91 | ₹21,001.03 Cr | 0.25% | ₹601.58 Cr | - | ₹10,205.1 Cr | - | 31.39% | 0.4 |
| IRB Infrastructure Developers Ltd | - | 19.06 | ₹20,713.77 Cr | 1.52% | ₹954.14 Cr | - | ₹7,686.46 Cr | - | 7.59% | 0.96 |
| Engineers India Ltd | - | 22.46 | ₹17,608.79 Cr | 1.6% | ₹809.7 Cr | - | ₹3,877.66 Cr | - | 32.71% | 0 |
| Juniper Green Energy Ltd | - | - | ₹15,357.27 Cr | - | - | - | - | - | - | 3.77 |
| Va Tech Wabag Ltd | - | 28.68 | ₹12,334.09 Cr | 0.25% | ₹394.2 Cr | - | ₹4,097 Cr | - | 21.17% | 0.09 |
| Techno Electric & Engineering Company Ltd | - | 26.48 | ₹11,414.22 Cr | 0.71% | ₹431.07 Cr | - | ₹3,356.01 Cr | - | 13.67% | 0.02 |
| KEC International Ltd | - | 18.77 | ₹10,392.45 Cr | 1.41% | ₹553.62 Cr | - | ₹23,506.2 Cr | - | 12.4% | 0.83 |
| Welspun Enterprises Ltd | - | 33.2 | ₹10,379.65 Cr | 0.4% | ₹347.97 Cr | - | ₹3,544.05 Cr | - | 15.17% | 0.71 |
| Ircon International Ltd | - | 18.55 | ₹9,715.53 Cr | 1.84% | ₹519.85 Cr | - | ₹9,240.6 Cr | - | 8.65% | 0.85 |
| Afcons Infrastructure Ltd | - | 64.4 | ₹9,213.01 Cr | 0.8% | ₹143.64 Cr | - | ₹11,249 Cr | - | 10.45% | 0.65 |
| NCC Ltd | - | 11.7 | ₹8,180.84 Cr | 1.69% | ₹748.22 Cr | - | ₹21,455.84 Cr | - | 15.67% | 0.44 |
| GMR Power & Urban Infra Ltd | - | 12.67 | ₹7,972.63 Cr | - | ₹585.49 Cr | - | ₹7,388.59 Cr | - | 17.69% | 6.66 |
| G R Infraprojects Ltd | - | 7.63 | ₹7,750.03 Cr | 0.31% | ₹1,015.96 Cr | - | ₹9,194.94 Cr | - | 13.43% | 0.52 |
| Power Mech Projects Ltd | - | 17.93 | ₹7,462.08 Cr | 0.06% | ₹420.47 Cr | - | ₹6,391.84 Cr | - | 22.93% | 0.33 |
| Dilip Buildcon Ltd | - | 5.17 | ₹6,609.88 Cr | 0.25% | ₹1,254.79 Cr | - | ₹8,741.38 Cr | - | 16.39% | 1.18 |
| Ceigall India Ltd | - | 20.51 | ₹6,591.91 Cr | 0.13% | ₹321.33 Cr | - | ₹4,153.86 Cr | - | 18.82% | 0.76 |
Quarterly Results
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Sales | 733.94 | 734.44 | 863.27 | 700.46 |
| ↳ QoQ Growth | - | +0.1% | +17.5% | -18.9% |
| Expenses | 677.62 | 693.76 | 863 | 690.47 |
| Operating Profit | 56.32 | 40.68 | 0.27 | 9.99 |
| OPM % | 7.67% | 5.54% | 0.03% | 1.43% |
| Other Income | 14.26 | 11.52 | 43.05 | 5.95 |
| Interest | 3.08 | 7.57 | 10.79 | 8.95 |
| Depreciation | 12.17 | 18.57 | 19.6 | 21.75 |
| EBITDA | 68.49 | 59.25 | 19.87 | 31.74 |
| EBITDA Margin % | 9.33% | 8.07% | 2.3% | 4.53% |
| Profit Before Tax | 67.86 | 28.68 | 32.48 | 7.4 |
| Tax % | 26.44% | 28.31% | 25.22% | 58.65% |
| Net Profit | 49.92 | 20.56 | 24.29 | 3.06 |
| ↳ QoQ Growth | - | -58.8% | +18.1% | -87.4% |
| EPS | 4.18 | 1.71 | 2.04 | 0.35 |
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 14.2288 | 14.23 |
| Reserves | 1193.646 | 1324.8 |
| Borrowings | 303.01 | 482.19 |
| Other Liabilities | 1476.04 | 1558.71 |
| Total Liabilities | 2986.9248 | 3379.93 |
| Fixed Assets | 397.8797 | 729.69 |
| CWIP | 317.7917 | 174.7 |
| Investments | 13.19 | 15.82 |
| Other Assets | 2258.06 | 2459.72 |
| Total Assets | 2986.9248 | 3379.93 |
Cash Flows
| Mar 2025 | |
|---|---|
| Cash from Operating Activity | 32.0459 |
| Cash from Investing Activity | -164.5687 |
| Cash from Financing Activity | 128.208 |
| Net Cash Flow | -4.3148 |
Shareholding Pattern
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters % | 25.66% | 25.58% | 25.52% | 25.43% |
| FIIs % | 4.85% | 4.68% | 4.63% | 4.86% |
| DIIs % | 14.29% | 14.21% | 14.79% | 15.32% |
| Public % | 31.86% | 32.06% | 31.7% | 31.42% |
| No. of Shareholders | 1,19,139 | 1,20,488 | 1,16,996 | 1,20,052 |
Major Shareholders (>1%)
- Rajesh SharmaPromoter and Promoter Group5.65%
- Nippon Life India Trustee Ltd-a/c Nippon India Small Cap FundPublic Shareholding4.95%
- Mahabir Prasad PatniPromoter and Promoter Group4.68%
- Dinesh SharmaPromoter and Promoter Group3.90%
As of 2026-06-30View all shareholders →