as of —
₹—
Change
—
Day Open
₹—
Day High
₹—
Day Low
₹—
NSE Close — 28 Sep 2026
₹422.9
Change
+2.75 (0.65%)
Open
₹419.85
Prev. Close
₹420.15
Day High
₹425.9
Day Low
₹411.75
Volume Analysis
Traded
239,259
Delivered
51,463
Delivery %
47.5%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (0)
No signal for this stock
Weaknesses (2)
- •Promoter holding is falling
- •Below-average fundamentals quality score (48/100)
Opportunities (1)
- •FII holding has been rising
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹442.76 | ₹434.33 | ₹428.61 | ₹420.18 | ₹414.46 | ₹406.03 | ₹400.31 |
| Fibonacci | ₹434.33 | ₹428.92 | ₹425.59 | ₹420.18 | ₹414.77 | ₹411.44 | ₹406.03 |
| Camarilla | ₹426.79 | ₹425.49 | ₹424.2 | ₹420.18 | ₹421.6 | ₹420.31 | ₹419.01 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
+13.21%
1 Week
-2.16%
1 Month
+13.85%
3 Months
+3.6%
6 Months
+25.38%
1 Year
+4.03%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹141.38
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
7.0%
Net margin 3.23% × asset turnover 0.86x × equity multiplier 2.52x
Company Overview
Sector
Utilities
Market Cap
₹6,172 Cr
P/E (TTM)
56.1
ROE
12.0%
Book Value
₹91.3
Face Value
₹1.0
Source: Screener.in (Consolidated figures) — data as of 24 Sep 2026. Not investment advice.
TopFund Analysis
Ion Exchange (india) Ltd scores weakly on TopFund's composite fundamentals check within the Utilities sector, at 48/100. The strongest factor is Financial Strength (96/100), while Cash Flow (17/100) is the weakest area to weigh before deciding. Notably: Promoter holding is falling; below-average fundamentals quality score (48/100). FII holding has been rising.
TopFund Score — Fundamentals Quality
48/100 — WeakData confidence: 78/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 28 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- −Promoter holding is low: 25.4%
- −Company might be capitalizing the interest cost
- −Dividend payout has been low at 11.2% of profits over last 3 years
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
62nd AGM held on September 11, 2026; dividend declared and resolutions passed.
ION Exchange (India) Limited has informed about the copies of Newspaper Publication in respect of Notice for the 62nd Annual General Meeting of the Company.
62nd AGM on 11 Sep 2026; dividend record date 31 Aug 2026, e-voting 7-10 Sep.
Annual Report 2025-26 filed; AGM on 11 September 2026, dividend proposal and cost auditor ratification.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 479 | 533 | 554 | 782 | 568 | 644 | 691 | 835 | 583 | 734 | 734 | 863 | 700 |
| Expenses + | 430 | 473 | 483 | 690 | 503 | 576 | 615 | 749 | 521 | 665 | 675 | 844 | 669 |
| Operating Profit | 49 | 60 | 71 | 92 | 64 | 68 | 75 | 86 | 63 | 68 | 59 | 20 | 32 |
| OPM % | 10.18% | 11.33% | 12.74% | 11.77% | 11.31% | 10.6% | 10.93% | 10.27% | 10.72% | 9.33% | 8.07% | 2.29% | 4.53% |
| Other Income + | 9 | 11 | 9 | 17 | 11 | 15 | 9 | 15 | 18 | 15 | -4 | 43 | 6 |
| Interest | 2 | 4 | 3 | 3 | 3 | 4 | 3 | 4 | 3 | 3 | 8 | 11 | 9 |
| Depreciation | 8 | 9 | 10 | 10 | 10 | 11 | 11 | 12 | 12 | 12 | 19 | 20 | 22 |
| Profit before tax | 48 | 59 | 67 | 95 | 62 | 68 | 70 | 85 | 66 | 68 | 29 | 32 | 7 |
| Tax % | 29.93% | 28.2% | 29.68% | 23.89% | 28.09% | 25.88% | 28.9% | 25.72% | 26.52% | 26.44% | 28.31% | 25.22% | 58.65% |
| Net Profit + | 33 | 42 | 47 | 72 | 45 | 51 | 50 | 63 | 48 | 50 | 21 | 24 | 3 |
| EPS in Rs | 2 | 3 | 3 | 5 | 3 | 3 | 3 | 4 | 3 | 3 | 1 | 2 | 0 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 798 | 868 | 1,009 | 1,046 | 1,162 | 1,480 | 1,450 | 1,577 | 1,990 | 2,348 | 2,737 | 2,915 | 3,032 |
| Expenses + | 750 | 810 | 935 | 966 | 1,053 | 1,342 | 1,243 | 1,361 | 1,731 | 2,072 | 2,440 | 2,701 | 2,853 |
| Operating Profit | 49 | 58 | 74 | 80 | 109 | 138 | 207 | 216 | 258 | 275 | 297 | 214 | 179 |
| OPM % | 6.0% | 7.0% | 7.0% | 8.0% | 9.0% | 9.0% | 14.0% | 14.0% | 13.0% | 12.0% | 11.0% | 7.0% | 6.0% |
| Other Income + | 4 | 7 | 12 | 21 | 34 | 36 | 31 | 42 | 42 | 45 | 49 | 71 | 60 |
| Interest | 17 | 17 | 21 | 22 | 21 | 19 | 15 | 13 | 12 | 15 | 17 | 28 | 30 |
| Depreciation | 12 | 13 | 12 | 13 | 20 | 24 | 28 | 28 | 29 | 36 | 44 | 63 | 72 |
| Profit before tax | 24 | 35 | 54 | 66 | 102 | 131 | 195 | 217 | 259 | 269 | 285 | 195 | 136 |
| Tax % | 52.0% | 51.0% | 46.0% | 40.0% | 35.0% | 28.0% | 27.0% | 26.0% | 25.0% | 27.0% | 27.0% | 27.0% | — |
| Net Profit + | 11 | 17 | 29 | 40 | 66 | 94 | 143 | 162 | 195 | 195 | 208 | 143 | 98 |
| EPS in Rs | 1 | 1 | 2 | 3 | 4 | 6 | 10 | 11 | 13 | 13 | 14 | 10 | 7 |
| Dividend Payout % | 43.0% | 28.0% | 16.0% | 12.0% | 10.0% | 9.0% | 10.0% | 9.0% | 9.0% | 11.0% | 10.0% | 12.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 142 | 156 | 153 | 186 | 246 | 349 | 492 | 641 | 819 | 1,004 | 1,194 | 1,325 |
| Borrowings + | 86 | 90 | 111 | 165 | 110 | 122 | 62 | 55 | 59 | 152 | 323 | 482 |
| Other Liabilities + | 437 | 456 | 689 | 699 | 795 | 896 | 875 | 914 | 1,047 | 1,271 | 1,449 | 1,550 |
| Total Liabilities | 679 | 715 | 967 | 1,064 | 1,164 | 1,382 | 1,443 | 1,625 | 1,939 | 2,441 | 2,979 | 3,371 |
| Fixed Assets + | 85 | 103 | 99 | 145 | 161 | 194 | 190 | 192 | 215 | 367 | 392 | 753 |
| CWIP | 14 | 2 | 34 | 7 | 12 | 12 | 15 | 20 | 42 | 61 | 323 | 176 |
| Investments | 2 | 2 | 3 | 4 | 5 | 5 | 5 | 9 | 10 | 12 | 13 | 16 |
| Other Assets + | 578 | 608 | 831 | 909 | 987 | 1,172 | 1,234 | 1,404 | 1,672 | 2,001 | 2,250 | 2,427 |
| Total Assets | 679 | 715 | 967 | 1,064 | 1,164 | 1,382 | 1,443 | 1,625 | 1,939 | 2,441 | 2,979 | 3,371 |
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 45 | 50 | 176 | 86 | 127 | 102 | 197 | 91 | 63 | 130 | 32 | -28 |
| Cash from Investing Activity + | -17 | -25 | -75 | -167 | -70 | -17 | -27 | -93 | -41 | -160 | -165 | -36 |
| Cash from Financing Activity + | -29 | -17 | -3 | 31 | -79 | -28 | -75 | -27 | -15 | 8 | 128 | 100 |
| Net Cash Flow | -1 | 8 | 98 | -50 | -22 | 56 | 96 | -28 | 6 | -22 | -4 | 35 |
| CFO/OP | 113 | 111 | 270 | 143 | 147 | 100 | 119 | 75 | 53 | 74 | 35 | 17 |
| Free Cash Flow | 29 | 21 | 132 | 57 | 96 | 70 | 167 | 42 | 3 | 10 | -287 | -280 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Others | 16.18% | 16.18% | 16.18% | 16.18% | 16.18% | 16.18% | 16.18% | 16.18% | 16.18% | 16.18% | 16.18% | 16.18% |
| Public | 41.2% | 40.2% | 39.59% | 39.36% | 39.26% | 38.58% | 38.69% | 38.77% | 39.01% | 39.34% | 38.86% | 38.21% |
| Promoters | 26.76% | 26.46% | 26.38% | 26.2% | 25.9% | 25.78% | 25.76% | 25.71% | 25.67% | 25.58% | 25.52% | 25.43% |
| FII | 3.94% | 5.2% | 5.63% | 5.43% | 5.44% | 5.83% | 5.5% | 5.27% | 4.85% | 4.68% | 4.63% | 4.86% |
| DII | 11.9% | 11.95% | 12.21% | 12.83% | 13.24% | 13.62% | 13.88% | 14.09% | 14.29% | 14.22% | 14.8% | 15.32% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Utilities — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Ion Exchange (india) Ltd (this stock) | 6,172 | 56.1 | 4.61 | 12.0% |
| Refex Industries Limited | 3,922 | 13.8 | 2.6 | 17.8% |
| Enviro Infra Engineers L | 3,569 | 19.4 | 2.89 | 16.8% |
| Ems Limited | 2,034 | 29.9 | 1.93 | 8.91% |
| Technocraft Ventures Ltd | 1,945 | 43.5 | — | 30.6% |
| Antony Waste Hdg Cell Ltd | 1,074 | 18.4 | 1.45 | 10.9% |
| Eco Recycling Ltd. | 812 | 33.8 | 7.33 | 23.6% |
Which Mutual Funds Hold Ion Exchange (india) Ltd?
Frequently Asked Questions about Ion Exchange (india) Ltd
Ion Exchange (india) Ltd (IONEXCHANG) closed at ₹422.9 on NSE on 28 September 2026, up 2.75 (0.65%) from the previous close.
Ion Exchange (india) Ltd trades on the NSE (National Stock Exchange of India) under the symbol IONEXCHANG.
Ion Exchange (india) Ltd has a trailing twelve-month P/E (price-to-earnings) ratio of 56.1.
Ion Exchange (india) Ltd has a dividend yield of 0.3%.
Ion Exchange (india) Ltd's 52-week high is ₹486.0 and its 52-week low is ₹312.0.
Ion Exchange (india) Ltd has a market capitalisation of ₹6,172 crore.
Ion Exchange (india) Ltd has a TopFund Quality Score of 48/100 (Weak), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
What are other investors saying about Ion Exchange (india) Ltd?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
Sign in to join the discussionNo comments yet — start the discussion.