BSE:500214

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Executive Summary

Ion Exchange (India) Limited, together with its subsidiaries, provides water treatment and environment management solutions in India. More Details


Snowflake Analysis

Flawless balance sheet with outstanding track record and pays a dividend.


Similar Companies

Share Price & News

How has Ion Exchange (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 500214 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.7%

500214

0.5%

IN Commercial Services

-1.1%

IN Market


1 Year Return

-4.2%

500214

16.4%

IN Commercial Services

-1.4%

IN Market

Return vs Industry: 500214 underperformed the Indian Commercial Services industry which returned 16.4% over the past year.

Return vs Market: 500214 underperformed the Indian Market which returned -1.4% over the past year.


Shareholder returns

500214IndustryMarket
7 Day1.7%0.5%-1.1%
30 Day3.7%-2.2%2.0%
90 Day12.0%1.7%6.4%
1 Year-3.4%-4.2%17.2%16.4%0.4%-1.4%
3 Year51.8%48.4%-21.0%-22.3%-3.9%-8.6%
5 Year170.0%159.4%24.5%18.9%38.9%28.5%

Price Volatility Vs. Market

How volatile is Ion Exchange (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

2 years ago | Simply Wall St

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2 years ago | Simply Wall St

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Valuation

Is Ion Exchange (India) undervalued compared to its fair value and its price relative to the market?

8.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500214 (₹742.2) is trading above our estimate of fair value (₹729.3)

Significantly Below Fair Value: 500214 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500214 is good value based on its PE Ratio (8.9x) compared to the IN Commercial Services industry average (12.9x).

PE vs Market: 500214 is good value based on its PE Ratio (8.9x) compared to the Indian market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500214's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500214 is overvalued based on its PB Ratio (2.4x) compared to the IN Commercial Services industry average (1x).


Next Steps

Future Growth

How is Ion Exchange (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.6%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ion Exchange (India) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Ion Exchange (India) performed over the past 5 years?

31.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500214 has high quality earnings.

Growing Profit Margin: 500214's current net profit margins (6.8%) are higher than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: 500214's earnings have grown significantly by 31.5% per year over the past 5 years.

Accelerating Growth: 500214's earnings growth over the past year (41.6%) exceeds its 5-year average (31.5% per year).

Earnings vs Industry: 500214 earnings growth over the past year (41.6%) exceeded the Commercial Services industry 13.4%.


Return on Equity

High ROE: 500214's Return on Equity (26.9%) is considered high.


Next Steps

Financial Health

How is Ion Exchange (India)'s financial position?


Financial Position Analysis

Short Term Liabilities: 500214's short term assets (₹11.3B) exceed its short term liabilities (₹9.6B).

Long Term Liabilities: 500214's short term assets (₹11.3B) exceed its long term liabilities (₹559.5M).


Debt to Equity History and Analysis

Debt Level: 500214's debt to equity ratio (26.4%) is considered satisfactory.

Reducing Debt: 500214's debt to equity ratio has reduced from 50.7% to 26.4% over the past 5 years.

Debt Coverage: 500214's debt is well covered by operating cash flow (101.5%).

Interest Coverage: 500214's interest payments on its debt are well covered by EBIT (7.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Ion Exchange (India) current dividend yield, its reliability and sustainability?

0.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500214's dividend (0.81%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: 500214's dividend (0.81%) is low compared to the top 25% of dividend payers in the Indian market (2.31%).


Stability and Growth of Payments

Stable Dividend: 500214's dividends per share have been stable in the past 10 years.

Growing Dividend: 500214's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (7.2%), 500214's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.9yrs

Average board tenure


CEO

Rajesh Sharma (66 yo)

15.5yrs

Tenure

₹51,769,979

Compensation

Mr. Rajesh Sharma, B.Sc., LL.B. has been the Managing Director of Ion Exchange (India) Ltd. since April 2005. Mr. Sharma served as the Chief Operating Officer of Sabero Organics Gujarat Ltd. since July 31, ...


CEO Compensation Analysis

Compensation vs Market: Rajesh's total compensation ($USD697.72K) is above average for companies of similar size in the Indian market ($USD54.58K).

Compensation vs Earnings: Rajesh's compensation has increased by more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Rajesh Sharma
Executive Chairman & MD15.5yrs₹51.77m7.88%
₹ 700.9m
Dinesh Sharma
Executive Director11.5yrs₹22.60m5.75%
₹ 511.2m
Aankur Patni
Executive Director11.5yrs₹22.89m2.57%
₹ 228.4m
Thekkekara Meloth Nambiar
Independent Non-Executive Director17.75yrs₹1.93m0.70%
₹ 62.4m
Parthasarathy Kumar
Independent Non-Executive Director15.58yrs₹1.78m0.49%
₹ 43.6m
Mahabir Patni
Non-Executive Director19.08yrs₹1.85m6.37%
₹ 566.4m
Vijay Gupchup
Independent Non-Executive Director25.25yrs₹2.01m0.94%
₹ 83.3m
Abhiram Seth
Independent Non-Executive Director12.25yrs₹1.90m1.31%
₹ 116.1m
Kishori Udeshi
Independent Non-Executive Director9.42yrs₹1.89m0.031%
₹ 2.7m
Shishir Tamotia
Independent Non-Executive Director10.42yrs₹1.83m0.028%
₹ 2.5m

11.9yrs

Average Tenure

73yo

Average Age

Experienced Board: 500214's board of directors are seasoned and experienced ( 11.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.


Top Shareholders

Company Information

Ion Exchange (India) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ion Exchange (India) Limited
  • Ticker: 500214
  • Exchange: BSE
  • Founded: 1964
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: ₹8.891b
  • Shares outstanding: 11.86m
  • Website: https://www.ionindia.com

Location

  • Ion Exchange (India) Limited
  • Ion House
  • Dr. E. Moses Road
  • Mumbai
  • Maharashtra
  • 400011
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500214BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2001

Biography

Ion Exchange (India) Limited, together with its subsidiaries, provides water treatment and environment management solutions in India. The company operates through three segments: Engineering, Chemicals, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 12:30
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.