Ion Exchange (India) Ltd. stock analysis
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Ion Exchange (India) Ltd. (IONEXCHANG) Stock Price & Analysis
IONEXCHANG Stock Chart & Stats
- Day’s Range
- INR 315.60 - INR 323.20
- 52-Week Range
- INR 293.05 - INR 485.80
- Previous Close
- INR 322.25
- Volume
- N/A
- Average Volume (3M)
- 17.14K
- Market Cap
- INR 47.26B
- Enterprise Value
- INR 50.81B
- Total Cash (Recent Filing)
- INR 2.60B
- Total Debt (Recent Filing)
- INR 4.69B
- Price to Earnings (P/E)
- ―
- Beta
- 0.68
- Next Earnings
- Feb 04, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Aug 31, 2026
- Dividend Yield
- 0.39%
Bulls Say, Bears Say
Bulls Say
Diversified Water Solutions
The company spans engineered water projects, treatment chemicals and resins, plus operation and maintenance services. This breadth serves multiple customer needs across the water cycle and creates a more diversified foundation than reliance on a single product or project type.
Strong Revenue Growth
Revenue growth accelerated sharply in FY2026, indicating meaningful expansion in the company’s reported business base. If this growth persists, it can support greater operating scale, broaden customer reach and provide a foundation for rebuilding profitability as execution improves.
Reasonably Solid Balance Sheet
Despite rising debt, the balance sheet is still described as reasonably solid and equity has increased alongside assets. That existing capital base provides some support for ongoing operations and investment, giving the company more resilience than a highly leveraged balance sheet.
Bears Say
Weak Cash Conversion
Recent profits are not converting into cash, with operating cash flow turning negative and free cash flow remaining deeply negative. Persistently weak conversion can increase reliance on external funding, restrict investment flexibility and make balance-sheet pressure more difficult to manage.
Margin Compression
Profitability weakened materially even as revenue growth accelerated, with net, operating and EBITDA margins compressing. Lower margins reduce the earnings benefit of future sales growth and leave less buffer to absorb higher operating costs or other pressures on the business.
Rising Leverage
Debt has grown faster than equity over the recent reporting period, lifting debt-to-equity to approximately 0.36. This rising leverage increases financial risk because weaker margins and negative cash generation may reduce the company’s ability to fund obligations internally.
Ion Exchange (India) Ltd. News
IONEXCHANG FAQ
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Company Description
Ion Exchange (India) Ltd.
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.
- Sector
- General
- Industry
- Industrial - Pollution & Treatment Controls
- CEO
- Indraneel Dutt
- Employees
- 3,108
- Website
- www.ionexchangeglobal.com
- Address
- Ion House, Mumbai, MA, 400011, IN
Ion Exchange (India) Ltd. (IONEXCHANG) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 2 | 6 | 14 |
| Technical Analysis | 1 | 6 | 3 |
| Moving Averages | 1 | 0 | 11 |
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