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    ION Exchange (India) Limited

    Water and wastewater treatment company across engineering, chemicals and consumer water-purification segments.

    Utilities
    Utilities
    View IONEXCHANG earnings calls
    ₹435.4
    +10.81% from avg

    Overview

    Price

    ₹435.4

    Market Cap

    ₹6.1k Cr

    Sector

    Utilities

    Utilities

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1414141414141414
    Reserves3494926418191.0k1.2k1.3k1.3k
    Borrowings122625559152323421482
    Other Liabilities8968759141.0k1.3k1.4k1.4k1.6k
    Total Liabilities1.4k1.4k1.6k1.9k2.4k3.0k3.1k3.4k
    AssetsFixed Assets194190192215367392640754
    CWIP1215204261323203175
    Investments5591012131416
    Other Assets1.2k1.2k1.4k1.7k2.0k2.3k2.3k2.4k
    Total Assets1.4k1.4k1.6k1.9k2.4k3.0k3.1k3.4k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating127102197916313032-28
    Cash from Investing-70-17-27-93-41-160-165-44
    Cash from Financing-79-28-75-27-158128100
    SummaryCapital Expenditure
    Free Cash Flow967016742310-287-280
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    IONEXCHANG · CAPITAL_INTENSIVE

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