ION Exchange (India) Limited

ION Exchange (India) Limited (IONEXCHANG) is a small-cap Utilities company valued at ₹5,532 crore operating in Water Supply & Management on the NSE and BSE.

Recent price move

ION Exchange (India) Limited last traded at ₹376.1, modestly down 0.42% on the day.

Recent developments

On 2026-09-19, Ion Exchange reported a 31.1% annual decline in net profit to ₹143 crore, marking a significant drop from the prior year's ₹208 crore.

Financial performance

Annual revenue rose 6.5% to ₹2,915 crore, but annual net profit fell 31.1% to ₹143 crore. The latest quarter saw revenue rise 20.1% year-on-year to ₹700 crore, while net profit dropped 93.7% to ₹3 crore, reflecting a sharp decline in profitability compared to the same quarter a year earlier.

Valuation multiples

The stock trades at 26.6 times earnings, a premium to the Utilities median of 18.1, 4.76 times book value. It yields 0.3%.

Things to watch

Net profit margin narrowed 2.7 percentage points to 4.9%, and the latest quarter net profit fell 93.7% year-on-year. The stock is 16.4% below its 52-week high.

Where it stands

The company's revenue growth has slowed, with annual revenue rising 6.5% but net profit declining 31.1%. The latest quarter's net profit dropped sharply by 93.7%, highlighting challenges in maintaining profitability. The stock is 16.4% below its 52-week high.

Summarised by DocStoX's model on 2026-10-03 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.