ION Exchange (India) Limited

Web: ionexchangeglobal.com NSE: IONEXCHANG BSE: 500214 SECTOR: Utilities - Other Utilities

417 8(-2%)

Volume

20L as on 23, Jun

Open

696

High

720

Low

689

425

VWAP

397

52 Week High

581

52 Week Low

313

Viand Research Rating

Quality Score

0/100

Growth Score

20/100

Valuation Score

50/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

6,116

No. of Shares

14.7

P/E

43.67

P/B

8.84

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

20.25

ROCE

Profit Growth

Listing Date

22-Feb-22

Promoter Holding

25.52%

FII Holding

4.63%

DII Holding

14.8%

Price Chart

Price Performance

1 Week9%

1 Month1%

3 Months25%

6 Months15%

1 Year15%

YTD15%

Moving Average

5 Day SMA381

10 Day SMA364

20 Day SMA362

30 Day SMA373

50 Day SMA385

61 Day SMA377

80 Day SMA0

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	430	398	415	440
Resistance 2	415	396	404	419
Resistance 1	403	393	397	412
Pivot Point	387	391	387	391
Support 1	375	388	376	384
Support 2	359	386	370	364
Support 3	347	383	359	356

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	WABAG	12,870	2062	19%	46%	74%	74%	0	0	0.09	370
2	INOXGREEN	7,537	188	1%	10%	35%	35%	0	0	0.05	103
3	IONEXCHANG	6,116	417	9%	1%	15%	15%	0	0	0.36	143
4	EIEL	3,816	217	11%	9%	46%	46%	0	0	0	0
5	EMSLIMITED	2,259	407	43%	37%	72%	72%	0	0	0.15	91
6	ECORECO	1,817	962	0	0	0	0	0	0	0.05	23
7	AWHCL	1,230	434	5%	3%	1%	1%	0	0	0.62	92
8	JITFINFRA	933	363	6%	0%	13%	29%	0	0	-7.69	-10
9	CEWATER	620	299	23%	37%	55%	55%	0	0	0.29	20
10	VVIPIL	597	225	0	0	0	0	0	0	0.83	43
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(-0.11) 25.52%	(-0.11) 25.58%	(0.01) 25.67%	(-0.11) 25.71%	(0.01) 25.76%	(-0.11) 25.78%	(-0.31) 25.90%	(-0.21) 26.20%	(-0.11) 26.38%	(-0.31) 26.46%	(-0.21) 26.76%	(0.01) 26.94%	(0.01) 26.95%	(0.01) 26.99%	(0.01) 27.01%	(0.01) 27.01%	(0.01) 27.01%	(0.01) 27.01%	(0.01) 27.01%
FIIs	(0.01) 4.63%	(-0.21) 4.68%	(-0.41) 4.85%	(-0.21) 5.27%	(-0.31) 5.50%	(0.41) 5.83%	(0.01) 5.44%	(-0.21) 5.43%	(0.41) 5.63%	(1.31) 5.20%	(1.51) 3.94%	(0.51) 2.44%	(1.21) 1.95%	(0.11) 0.77%	(-1.71) 0.71%	(-0.21) 2.43%	(0.11) 2.66%	(0.91) 2.54%	(0.01) 1.63%
DIIs	(0.61) 14.80%	(-0.11) 14.22%	(0.21) 14.29%	(0.21) 14.09%	(0.31) 13.88%	(0.41) 13.62%	(0.41) 13.24%	(0.61) 12.83%	(0.31) 12.21%	(0.01) 11.95%	(0.21) 11.90%	(0.11) 11.66%	(0.11) 11.58%	(0.71) 11.48%	(0.71) 10.82%	(0.41) 10.10%	(0.21) 9.68%	(1.41) 9.50%	(0.01) 8.14%
Public	38.86%	39.34%	39.01%	38.77%	38.69%	38.58%	39.26%	39.36%	39.59%	40.20%	41.20%	42.78%	43.34%	44.58%	45.28%	44.28%	44.47%	44.77%	47.04%
No. of Shareholders	116,996	120,488	119,139	125,651	128,164	119,037	115,664	87,586	75,497	71,507	62,689	48,373	31,155	31,179	31,487	32,134	32,090	30,511	30,223

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	863	734	734	583	835	691	644	568	782	554	533	479	647	512	448	382	496	388	378	314
Sales Growth % (YoY)	3.4%	6.4%	13.9%	2.8%	6.8%	24.7%	20.9%	18.4%	20.8%	8.2%	19.1%	25.3%	30.4%	31.9%	18.4%	21.7%	11.5%	11.2%	-3%	18.4%
Sales Growth % (QoQ)	17.6%	-	25.9%	-30.2%	20.8%	7.3%	13.4%	-27.4%	41.2%	3.9%	11.3%	-26%	26.4%	14.3%	17.3%	-23%	27.8%	2.6%	20.4%	-
Expenses	844	675	665	521	749	615	576	503	690	483	473	430	541	450	394	349	402	345	338	278
Operating Profit	20	59	68	63	86	75	68	64	92	71	60	49	106	62	53	33	95	43	40	36
OPM %	2	8	9	11	10	11	11	11	12	13	11	10	16	12	12	9	19	11	10	11
Other Income	43	-4	15	18	15	9	15	11	17	9	11	9	6	13	8	15	21	6	8	7
Interest	11	8	3	3	4	3	4	3	3	3	4	2	2	2	2	2	2	2	2	3
Depreciation	20	19	12	12	12	11	11	10	10	10	8	8	7	7	7	7	7	7	7	7
Profit before tax	32	29	68	66	85	70	68	62	95	67	59	48	102	65	52	39	106	39	38	33
Tax %	25	28	26	27	26	29	26	28	24	30	28	30	21	27	26	30	22	28	29	31
Net Profit	24	21	50	48	63	50	51	45	72	47	42	33	81	48	39	27	83	28	27	23
Net Profit Growth % (QoQ)	14.3%	-58%	4.2%	-23.8%	26%	-2%	13.3%	-37.5%	53.2%	11.9%	27.3%	-59.3%	68.8%	23.1%	44.4%	-67.5%	196.4%	3.7%	17.4%	-
Net Profit Growth % (YoY)	-61.9%	-58%	-2%	6.7%	-12.5%	6.4%	21.4%	36.4%	-11.1%	-2.1%	7.7%	22.2%	-2.4%	71.4%	44.4%	17.4%	-	-	-	-
TTM Net Profit	143	182	211	212	209	218	215	206	194	203	204	201	195	197	177	165	161	78	50	0
EPS in Rs	1.65	1.38	3.38	3.32	4.32	3.31	3.47	3.07	4.96	3.24	2.9	2.27	5.57	3.28	2.66	1.91	5.66	1.94	1.87	1.63

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	2915	2737	2348	1990	1577	1450	1480	1162	1046	1009	868	798	787	852
Sales Growth %	6.5%	16.6%	18%	26.2%	8.8%	-2%	27.3%	11.1%	3.7%	16.2%	8.7%	1.5%	-7.7%	17.9%
Expenses	2705	2440	2072	1731	1361	1243	1342	1053	966	935	810	750	751	801
Operating Profit	210	297	275	258	216	207	138	109	80	74	58	49	36	51
OPM %	7	11	12	13	14	14	9	9	8	7	7	6	5	6
Other Income	71	49	45	42	42	31	36	34	21	12	7	4	5	5
Interest	24	17	15	12	13	15	19	21	22	21	17	17	15	17
Depreciation	63	44	36	29	28	28	24	20	13	12	13	12	11	12
Profit before tax	195	285	269	259	217	195	131	102	66	54	35	24	15	26
Tax %	27	27	27	25	26	27	28	35	40	46	51	52	68	44
Net Profit	143	208	195	195	162	143	94	66	40	29	17	11	5	15
Net Profit Growth %	-31.2%	6.7%	-	20.4%	13.3%	52.1%	42.4%	65%	37.9%	70.6%	54.5%	120%	-66.7%	-
EPS in Rs	9.73	14.17	13.37	13.41	11.1	9.81	6.38	4.45	2.74	2.07	1.05	0.67	0.31	1.04
Dividend Payout %	12	10	11	9	9	10	9	10	12	16	28	43	62	18

Cash Flows

	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	32	130	63	91	197	102	127	86	176	50	45	5	31
Cash from Investing Activity	-165	-160	-41	-93	-27	-17	-70	-167	-75	-25	-17	-1	-17
Cash from Financing Activity	128	8	-15	-27	-75	-28	-79	31	-3	-17	-29	-7	-10
Net Cash Flow	-4	-22	6	-28	96	56	-22	-50	98	8	-1	-2	4

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	14	14	14	14	14	14	14	14	14	14	14	14	14	14	14	13
Reserves	1325	1278	1194	1082	1004	819	641	492	349	246	186	153	156	142	138	138
Borrowings	482	421	323	216	152	59	55	62	122	110	165	111	90	86	96	86
Other Liabilities	1559	1397	1449	1313	1271	1047	914	875	896	795	699	689	456	437	407	446
Total Liabilities	3380	3110	2979	2625	2441	1939	1625	1443	1382	1164	1064	967	715	679	655	682
Fixed Assets	754	640	392	377	367	215	192	190	194	161	145	99	103	85	94	101
CWIP	175	203	323	133	61	42	20	15	12	12	7	34	2	14	1	1
Investments	16	14	13	13	12	10	9	5	5	5	4	3	2	2	3	3
Other Assets	2435	2254	2250	2101	2001	1672	1404	1234	1172	987	909	831	608	578	557	577
Total Assets	3380	3110	2979	2625	2441	1939	1625	1443	1382	1164	1064	967	715	679	655	682

Delivery

#	Date	327 48% 486	Value (Cr)	Q/T 37	Del 35	Del 38
1	22-Jul	425	24	25	37	9
2	21-Jul	438	19	28	38	7
3	20-Jul	434	46	33	27	13
4	17-Jul	435	28	26	37	10
5	16-Jul	436	15	26	46	7
6	15-Jul	444	32	31	31	10
7	14-Jul	441	24	26	38	9
8	13-Jul	452	153	43	25	39
9	10-Jul	468	593	63	13	76
10	9-Jul	402	11	23	38	4
11	8-Jul	397	16	24	42	7
12	7-Jul	406	12	24	37	4
13	6-Jul	408	16	28	50	8
14	3-Jul	418	29	35	36	11
15	2-Jul	417	19	32	47	9
16	1-Jul	415	26	44	33	9
17	30-Jun	408	20	48	43	9
18	29-Jun	412	86	44	31	27
19	25-Jun	399	27	35	47	12
20	24-Jun	403	48	28	45	22
21	23-Jun	398	81	35	39	32
22	22-Jun	391	95	43	39	38
23	19-Jun	370	39	41	52	20
24	18-Jun	370	16	26	45	7
25	17-Jun	376	83	42	27	22
26	16-Jun	365	23	22	35	8
27	15-Jun	358	12	20	48	6
28	12-Jun	346	13	28	53	7
29	11-Jun	330	8	26	51	4
30	10-Jun	337	7	23	58	4
31	9-Jun	347	6	25	53	3
32	8-Jun	341	6	14	50	3
33	5-Jun	351	8	18	48	4
34	4-Jun	349	15	16	51	7
35	3-Jun	354	8	15	54	4
36	2-Jun	360	5	13	41	2
37	1-Jun	353	9	16	40	3
38	29-May	362	19	21	58	11
39	27-May	380	38	37	35	13
40	26-May	408	11	21	53	6
41	25-May	408	13	25	43	5
42	22-May	395	9	22	29	3
43	21-May	389	2	12	45	1
44	20-May	390	3	13	41	1
45	19-May	391	4	10	45	2
46	18-May	388	7	19	42	3
47	15-May	390	4	11	55	2
48	14-May	393	6	15	41	3

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	6,116c	132c	2.11
22-Jul	6,248c	195c	3.03
21-Jul	6,443c	70c	1.10
17-Jul	6,373c	21c	0.33
16-Jul	6,394c	143c	2.19
15-Jul	6,537c	80c	1.24
14-Jul	6,457c	219c	3.28
13-Jul	6,676c	615c	10.14
10-Jul	6,062c	166c	2.81
09-Jul	5,896c	59c	1.01
08-Jul	5,837c	132c	2.21
07-Jul	5,969c	26c	0.44
06-Jul	5,996c	130c	2.12
02-Jul	6,126c	32c	0.52
01-Jul	6,094c	95c	1.59
30-Jun	5,999c	120c	1.97
29-Jun	6,119c	282c	4.82
26-Jun	5,837c	21c	0.35
25-Jun	5,858c	51c	0.87
24-Jun	5,909c	43c	0.73
23-Jun	5,867c	81c	1.39
22-Jun	5,786c	345c	6.33
19-Jun	5,441c	43c	0.79
18-Jun	5,399c	128c	2.31
17-Jun	5,526c	160c	2.98
16-Jun	5,367c	117c	2.22
15-Jun	5,250c	232c	4.62
12-Jun	5,018c	107c	2.18
11-Jun	4,911c	87c	1.73
10-Jun	4,998c	0	0

Stock Checklist

Price is below from 52 week high low average: 22%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 32 fund scheme(s) across 11 fund house(s) as of Jul26 · Total value ₹1,446 Cr · 10 increasing / 0 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Nippon India Mutual Fund	4	0.40%	-	575.7
HDFC Mutual Fund	2	0.49%	+0.03%	392.4
Franklin Templeton Mutual Fund	4	0.88%	+0.11%	308.8
Sundaram Mutual Fund	4	0.99%	-	128.2
Motilal Oswal Mutual Fund	4	0.22%	-	19.5
Abakkus Mutual Fund	2	1.37%	-	12.4
Quantum Mutual Fund	4	2.22%	+0.15%	9
Groww Mutual Fund	2	0.02%	-	0.1
Bandhan Mutual Fund	2	0.02%	-	0
Angel One Mutual Fund	2	0.01%	-	0
Mirae Asset Mutual Fund	2	0.01%	-	0

ION Exchange (India) Limited

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