Ion Exchange (India) Ltd Share Price ₹346

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Ion Exchange (India) Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	647	479	533	554	782	568	644	691	835	583	734	734	863
Expenses +	541	430	473	483	690	503	576	615	749	521	665	675	844
Operating Profit	106	49	60	71	92	64	68	75	86	63	68	59	20
OPM %	16%	10%	11%	13%	12%	11%	11%	11%	10%	11%	9%	8%	2%
Other Income +	6	9	11	9	17	11	15	9	15	18	15	-4	43
Interest	2	2	4	3	3	3	4	3	4	3	3	8	11
Depreciation	7	8	8	10	10	10	11	11	12	12	12	19	20
Profit before tax	102	48	59	67	95	62	68	70	85	66	68	29	32
Tax %	21%	30%	28%	30%	24%	28%	26%	29%	26%	27%	26%	28%	25%
Net Profit +	81	33	42	47	72	45	51	50	63	48	50	21	24
EPS in Rs	5.57	2.27	2.90	3.24	4.96	3.07	3.47	3.31	4.32	3.32	3.38	1.38	1.65

Financials of Ion Exchange (India) Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	798	868	1,009	1,046	1,162	1,480	1,450	1,577	1,990	2,348	2,737	2,915
Expenses +	750	810	935	966	1,053	1,342	1,243	1,361	1,731	2,072	2,440	2,705
Operating Profit	49	58	74	80	109	138	207	216	258	275	297	210
OPM %	6%	7%	7%	8%	9%	9%	14%	14%	13%	12%	11%	7%
Other Income +	4	7	12	21	34	36	31	42	42	45	49	71
Interest	17	17	21	22	21	19	15	13	12	15	17	24
Depreciation	12	13	12	13	20	24	28	28	29	36	44	63
Profit before tax	24	35	54	66	102	131	195	217	259	269	285	195
Tax %	52%	51%	46%	40%	35%	28%	27%	26%	25%	27%	27%	27%
Net Profit +	11	17	29	40	66	94	143	162	195	195	208	143
EPS in Rs	0.67	1.05	2.07	2.74	4.45	6.38	9.81	11.10	13.41	13.37	14.17	9.73
Dividend Payout %	43%	28%	16%	12%	10%	9%	10%	9%	9%	11%	10%	12%

Financials of Ion Exchange (India) Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	14	14	14	14	14	14	14	14	14	14	14	14
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	1,559
Total Liabilities	679	715	967	1,064	1,164	1,382	1,443	1,625	1,939	2,441	2,979	3,380
Fixed Assets +	85	103	99	145	161	194	190	192	215	367	392	754
CWIP	14	2	34	7	12	12	15	20	42	61	323	175
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	2,435
Total Assets	679	715	967	1,064	1,164	1,382	1,443	1,625	1,939	2,441	2,979	3,380

Financials of Ion Exchange (India) Ltd

Operating, investing and financing cash movement

	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	-44
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	27
Free Cash Flow	29	21	132	57	96	70	167	42	3	10	-287	-280
CFO/OP	113%	111%	270%	143%	147%	100%	119%	75%	53%	74%	35%	17%

Financials of Ion Exchange (India) Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	164	153	151	153	133	124	113	118	128	145	151	135
Inventory Days	55	53	68	55	65	51	52	70	65	59	63	87
Days Payable	221	215	206	197	207	188	219	202	162	174	165	177
Cash Conversion Cycle	-2	-9	12	11	-9	-13	-54	-14	31	31	50	44
Working Capital Days	5	3	-48	-72	-64	-51	-53	-27	5	16	33	53
ROCE %	16%	20%	27%	27%	33%	35%	40%	36%	34%	27%	22%	14%