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ION Exchange (India) share price & results

ION Exchange (India) Limited· Utilities

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

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

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue636 ₹ crore+22.8% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin4.8 %−6.2 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit11.0 ₹ crore−76.6% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity8.70 %−6.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-9.57 %+0.9 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)10.15 %−10.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

4 of 9 judged targets kept · 11 open · verdicts reflect calls analysed to Q1 FY27.

ION Exchange (India) Limited management guidance track record on Inve: 20 targets tracked across analysed earnings calls (4 achieved, 5 missed, 11 open).

TargetOriginal wordingSaidLatest callVerdict
Roha Plant Revenue StartThe Roha revenues should start from the second quarter (Q2 FY26).
Call transcript, Q3 FY25 · 27 Jan 2025		Q3 FY25Q1 FY27:Promise achieved in a prior quarter. No new updates.
Call transcript, Q1 FY27 · 10 Aug 2026		Achieved
Onerous Contract CompletionExpecting substantial invoicing for this contract to get completed in the first half of the FY 25-26.
Call transcript, Q3 FY25 · 27 Jan 2025		Q3 FY25Q1 FY27:The impact of legacy projects is explicitly cited as the reason for the new Treatment Solutions segment reporting an EBIT loss of INR 17 crores, confirming the continued drag from this missed promise.
Call transcript, Q1 FY27 · 10 Aug 2026		Missed
UP Jal Nigam Project CompletionUP project which is going to spill over to the beginning of the ‘26-27.
Call transcript, Q4 FY25 · 30 May 2025		Q4 FY25Q1 FY27:Management explicitly states the project will not be closed in FY27. The unexecuted portion is quantified at ~11% of the order backlog (approx. INR 272 Cr), confirming the significant delay.
Call transcript, Q1 FY27 · 10 Aug 2026		Delayed

Source: Inve Guidance Tracker for ION Exchange (India) Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of ION Exchange (India) Limited's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

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Price

₹343.5 +3.26% · +₹10.85

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −14.0% 1Y

₹350₹400₹450Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 2 Feb 2026Q4 FY26 — 29 May 2026Q1 FY27 — 10 Aug 2026

1Y: ₹399.25 on 24 Oct 2025 → ₹343.5. High ₹468.3 (10 Jul 2026), low ₹317.25 (23 Mar 2026).

Previous close
₹332.65
Market cap
₹4.9k Cr
52-week range
₹317.25 – ₹468.3
One year
−13.55%
Price to earnings (TTM to Jun 2026)
44.02×
Return on equity (TTM to Jun 2026)
8.70%

Overview

Symbol
NSE:IONEXCHANG
Sector
Utilities
Exchange
NSE
Currency
INR

What ION Exchange (India) Limited does

Based on the company's own presentations, annual report and earnings calls.

Ion Exchange (India) designs, builds and services water and wastewater treatment plants for industry, institutions and municipalities, including desalination, recycling and zero-liquid-discharge systems, under its Engineering business. It also manufactures ion-exchange resins, membranes and specialty chemicals for water and non-water applications, and sells household and institutional water purification and treatment products under its Consumer Products business. The company serves industrial clients (e.g. NTPC, Reliance, IOCL, JSW, L&T), institutional clients (hotels, hospitals, defence establishments) and exports to Africa, the Middle East, Southeast Asia, Europe and North America.

Segments

  • Engineering
  • Chemicals
  • Consumer Products
Manufacturing & assembly facilities
8 in India + 1 in Portugal + 1 assembly facility each in UAE, Indonesia, Bangladesh and Saudi Arabia
Products commercialized
100+
Patents held
50+
Sales & service centers
36+
Channel partners
100+
R&D and testing infrastructure
2 in-house R&D facilities plus 2 applications and testing centers
Founded 1964Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q1 FY27
+3.8%
10 Aug
Q4 FY26
−4.7%
29 May
Q3 FY26
−0.3%
2 Feb
Q2 FY26
−1.4%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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