Ion Exchange Key Ratios
NSE: IONEXCHANG | BSE: 500214
₹376.00
As on 27-Aug-2026IST
Market cap
₹5,510 Cr
Revenue (TTM)
₹3,032 Cr
P/E Ratio
56.2
P/B Ratio
4.1
Div. Yield
0.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -18.86 | 20.11 | 10.15 | 13.27 | 15.14 |
| EBIT | 3,600.00 | -80.13 | -56.37 | -23.65 | -9.74 |
| Net Profit | -82.93 | -91.56 | -47.78 | -18.22 | -5.95 |
| EPS | -82.98 | -91.56 | -53.64 | -21.40 | -8.16 |
| Book Value | -- | -- | 10.86 | 17.12 | 21.49 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 8.44 | 9.56 | 3.54 | 5.18 | 9.18 |
| Net Margin
| 7.47 | 8.00 | 3.10 | 4.77 | 7.47 |
| Return on equity
| 16.51 | 21.02 | 8.40 | 11.25 | 18.71 |
| Return on Capital
| 21.13 | 26.91 | -- | 13.46 | 22.68 |
| Return on Assets
| 7.45 | 8.55 | 3.02 | 4.51 | 7.68 |
| Debt to Equity (x)
| -- | -- | 0.27 | 0.34 | 0.25 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
--
|
13.46
|
22.68
|
27.86
|
34.06
|
|
Peer Median
|
--
|
13.18
|
21.34
|
20.71
|
--
|
ROE
8.40
Lower than Peers by 6.51
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
8.40
|
11.25
|
18.71
|
21.10
|
26.18
|
|
Peer Median
|
14.90
|
10.64
|
16.48
|
14.08
|
--
|
ROA
3.02
Lower than Peers by 6.03
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
3.02
|
4.51
|
7.68
|
8.94
|
11.00
|
|
Peer Median
|
9.05
|
6.38
|
11.41
|
11.00
|
--
|
EBIT Margin
3.54
Lower than Peers by 7.59
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
3.54
|
5.18
|
9.18
|
10.08
|
11.50
|
|
Peer Median
|
11.13
|
10.63
|
10.53
|
11.84
|
--
|
Net Margin
3.10
Lower than Peers by 6.53
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
3.10
|
4.77
|
7.47
|
8.16
|
9.60
|
|
Peer Median
|
9.63
|
8.30
|
10.74
|
10.30
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
--
|
7.06
|
9.23
|
9.87
|
11.26
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
10.15
Lower than Peers by 1.56
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
10.15
|
6.49
|
16.58
|
18.01
|
26.17
|
|
Peer Median
|
11.71
|
14.15
|
15.70
|
9.56
|
--
|
EBIT Growth
-56.37
Lower than Peers by 59.28
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
-56.37
|
-39.88
|
6.18
|
3.44
|
22.27
|
|
Peer Median
|
2.91
|
5.58
|
4.91
|
5.64
|
--
|
Net Profit Growth
-47.78
Lower than Peers by 53.20
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
-47.78
|
-31.24
|
6.60
|
0.20
|
20.58
|
|
Peer Median
|
5.43
|
-1.64
|
11.27
|
14.06
|
--
|
EPS Growth
-53.64
Lower than Peers by 53.99
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
-53.64
|
-31.35
|
6.02
|
-0.37
|
20.87
|
|
Peer Median
|
0.36
|
2.11
|
6.01
|
5.56
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
--
|
10.86
|
18.66
|
22.13
|
27.12
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.27
Higher than Peers by 0.26
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
0.27
|
0.34
|
0.25
|
0.14
|
0.06
|
|
Peer Median
|
0.01
|
0.16
|
0.14
|
0.06
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
--
|
0.02
|
0.01
|
0.01
|
0.03
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.46
Lower than Peers by 0.93
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
1.46
|
1.46
|
1.49
|
1.55
|
1.55
|
|
Peer Median
|
2.39
|
2.42
|
2.31
|
2.36
|
--
|
Quick Ratio
1.19
Lower than Peers by 0.19
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
1.19
|
1.19
|
1.28
|
1.36
|
1.34
|
|
Peer Median
|
1.38
|
1.49
|
1.98
|
1.36
|
--
|
Interest Coverage
5.43
Lower than Peers by 15.22
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
5.43
|
8.09
|
17.97
|
18.39
|
22.47
|
|
Peer Median
|
20.65
|
13.38
|
19.92
|
28.31
|
--
|
Operating Efficiency
Debtors to sales
35.44
Higher than Peers by 17.31
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
35.44
|
36.87
|
40.46
|
39.81
|
35.02
|
|
Peer Median
|
18.14
|
19.76
|
22.69
|
15.81
|
--
|
Asset Turnover
0.95
Lower than Peers by 0.00
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
0.95
|
0.92
|
1.01
|
1.07
|
1.12
|
|
Peer Median
|
0.95
|
0.95
|
1.07
|
1.13
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
--
|
136.62
|
136.16
|
126.82
|
110.48
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
--
|
46.36
|
35.71
|
35.66
|
36.99
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
--
|
165.28
|
155.87
|
155.24
|
157.85
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
--
|
17.70
|
16.00
|
7.25
|
-10.38
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
56.17
Higher than Peers by 13.89
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
56.17
|
31.96
|
32.14
|
36.81
|
2.47
|
|
Peer Median
|
42.28
|
32.73
|
27.10
|
23.73
|
--
|
Price / Book Value
4.11
Higher than Peers by 0.18
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
4.11
|
3.40
|
5.53
|
7.09
|
5.83
|
|
Peer Median
|
3.93
|
3.19
|
2.62
|
3.58
|
--
|
Dividend Yield
0.33
Higher than Peers by 0.03
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
0.33
|
0.39
|
0.32
|
0.30
|
0.37
|
|
Peer Median
|
0.30
|
0.15
|
0.24
|
0.54
|
--
|
EV/EBITDA
22.21
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
22.21
|
15.64
|
18.85
|
21.19
|
14.59
|
|
Peer Median
|
--
|
24.95
|
16.08
|
17.39
|
--
|
Market Cap
5,510
Higher than Peers by 1,867
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ion Exchange
|
5,510
|
4,559
|
6,680
|
7,216
|
4,855
|
|
Peer Median
|
3,642
|
2,101
|
781
|
849
|
--
|