Ion Exchange Peer Comparison

NSE: IONEXCHANG | BSE: 500214

₹371.45

₹-4.55 (-1.21%)

As on 28-Aug-2026IST

Market cap

₹5,449 Cr

Revenue (TTM)

₹3,032 Cr

P/E Ratio

55.6

P/B Ratio

4.1

Div. Yield

0.3 %

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	Ion Exchange	MTAR Technologies	LG Balakrishnan	Shanthi Gears	Uniparts India
Market cap (₹ Cr)	5,449	21,522	5,487	3,975	3,951
Revenue (₹ Cr)	3,032	1,080	3,217	499	1,244
Net Profit (₹ Cr)	96.17	133.44	318.79	63.82	180.46
Net Margin (%)	3.10	12.01	9.70	12.29	14.28
RoE (%)	8.40	17.40	15.44	15.46	20.47
Price to Earnings	55.55	161.28	17.21	62.28	21.90
Price-To-Book	4.06	24.66	2.47	8.83	4.26

Income Statement (₹ Cr)

	Ion Exchange	MTAR Technologies	LG Balakrishnan	Shanthi Gears	Uniparts India
Operating Revenue	2,914.84	676.00	3,075.63	518.72	963.70
Total Income	3,001.40	681.15	3,144.04	538.35	995.18
Total Expenditure	2,701.19	555.16	2,591.05	414.45	828.38
EBITDA	213.65	120.83	484.57	104.27	135.32
Depreciation	62.60	32.24	115.27	16.06	44.26
EBIT	151.05	88.60	369.30	88.21	91.07
Interest	27.50	22.18	15.92	0.36	8.28
Other Income	86.56	5.15	68.41	19.63	31.49
Exceptional Items	-16.89	--	2.60	-4.78	--
Profit before Tax	194.94	71.57	424.40	102.70	114.27
Provision for Tax	51.74	18.68	105.66	26.04	26.27
Profit after Tax	143.20	52.89	318.74	76.66	88.00

	Ion Exchange	MTAR Technologies	LG Balakrishnan	Shanthi Gears	Uniparts India
Shareholder's Funds	1,339.03	728.92	2,153.70	440.06	887.22
Minority Interest	1.29	--	2.53	--	--
Non-Current Liabilities	411.80	111.27	118.88	0.89	66.07
Current Liabilities	1,613.43	290.10	719.75	107.62	216.35
Total Liabilities	3,371.16	1,130.28	2,994.87	555.59	1,169.64

	Ion Exchange	MTAR Technologies	LG Balakrishnan	Shanthi Gears	Uniparts India
Non-Current Assets	1,008.82	512.21	1,715.66	148.93	355.55
Current Assets	2,356.72	618.08	1,279.20	399.64	813.96
Total Assets	3,371.16	1,130.28	2,994.87	555.59	1,169.64
Total Debt*	454.40	177.26	184.78	0.00	83.78
Net Current Assets	743.29	327.98	559.45	292.02	597.61
Contingent Liabilities	80.77	2.27	53.07	2.73	16.25

	Ion Exchange	MTAR Technologies	LG Balakrishnan	Shanthi Gears	Uniparts India
Cash From Operating Activities	-28.47	101.25	331.71	70.10	181.99
Cash Flow from Investing Activities	-44.46	-102.72	-280.19	-45.30	-106.18
Cash from Financing Activities	100.12	-35.84	-42.62	-38.47	-62.01
Net Cash Inflow / Outflow	27.19	-37.30	8.89	-13.67	13.79

	Ion Exchange	MTAR Technologies	LG Balakrishnan	Shanthi Gears	Uniparts India
ROCE (%)	13.46	10.57	20.09	24.45	12.89
ROE (%)	11.25	7.53	15.71	18.19	10.04
ROA (%)	4.51	4.95	11.41	14.63	7.66
EBIT Margin (%)	10.30	18.64	17.98	23.89	17.31
Net Margin (%)	4.77	7.76	10.14	14.24	8.84
Cash Profit Margin (%)	7.06	12.59	14.11	17.87	13.72

	Ion Exchange	MTAR Technologies	LG Balakrishnan	Shanthi Gears	Uniparts India
Revenue Growth (%)	6.49	16.40	19.29	-14.21	-15.43
EBIT Growth (%)	-13.18	6.31	17.33	-13.86	-20.83
Net Profit Growth (%)	-31.24	-5.75	5.51	-20.17	-29.42
EPS Growth (%)	-31.35	-5.75	5.51	-20.17	-29.42
Book Value Growth (%)	10.86	7.78	13.09	9.20	2.14

	Ion Exchange	MTAR Technologies	LG Balakrishnan	Shanthi Gears	Uniparts India
Price / Earnings	31.96	74.50	16.47	43.09	15.73
Price / Book Value	3.40	5.41	2.44	7.51	1.56
Dividend Yield (%)	0.39	0.00	1.34	1.16	4.65
EV/EBITDA	15.64	32.55	9.35	26.05	8.60
Market Cap (₹ Cr)	4,558.81	3,940.10	5,248.86	3,303.11	1,384.06

	Ion Exchange	MTAR Technologies	LG Balakrishnan	Shanthi Gears	Uniparts India
Debt to Equity	0.34	0.24	0.09	0.00	0.09
Short term debt to equity ratio	0.02	0.07	0.05	--	0.09
Current Ratio	1.46	2.13	1.78	3.71	3.76
Quick Ratio	1.19	0.94	1.06	2.66	1.98
Interest Coverage	8.09	4.23	27.66	286.28	14.80

	Ion Exchange	MTAR Technologies	LG Balakrishnan	Shanthi Gears	Uniparts India
Debtors to sales (%)	36.87	31.03	13.16	22.29	11.68
Asset Turnover	0.92	0.63	1.10	0.99	0.84
Receivable days	136.62	96.21	44.27	88.95	46.60
Inventory Days	46.36	187.28	56.16	67.99	153.43
Payable days	165.28	89.97	86.15	100.81	90.11
Cash Conversion Cycle	17.70	193.51	14.29	56.12	109.92

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.