Ion Exchange (India) Limited (IONEXCHANG) Fair Value & Analysis
Industrials · IN · Market cap ₹51.2B
Fair value as of: Jul 3, 2026
From 16 valuation models · updated yesterday
Share price +18.3% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹316.15 – ₹563.93 · fair‑value band ₹147.97 – ₹246.62 · the ₹416.90 price screens above the ₹197.30 fair value. As of Jul 3, 2026.
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Ion Exchange (India) Limited (IONEXCHANG) currently trades at ₹416.90, while our model-based Fair Value estimate is ₹197.30 — implying the stock looks roughly 52.7% overvalued today. We read business quality at 46/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Ion Exchange (India) Limited generated revenue of ₹29.1B at a net margin of 4.9%. Revenue grew 3.4% year over year. It earns a return on equity of 11.2%. Net debt stands at ₹3.0B. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Ion Exchange (India) Limited, together with its subsidiaries, provides water and environmental management solutions in India and internationally. It operates through Engineering, Chemicals, and Consumer Products segments. The company offers raw water, process, post, and drinking water treatment; waste water, water recycling, and zero liquid discharge systems; sludge dewatering and waste to energy systems; ion exchange process, membrane process, ion exchange membrane process, and 3D modelling systems; and resin, incudes water purification equipment; and catalyst grade, adsorbent grade, chemical and special process, pharma grade, nuclear grade, hydrometallurgy, food and beverage, bio diesel, and sugar refining resins. It also provides membranes, such asnano filtration, ultra-filtration, low pressure and seawater RO, fouling resistant, and brackish resistant membranes; and specialty chemical treatment programmes, including cooling and boiler water treatment products, fireside …
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Ion Exchange (India) Limited reported revenue of ₹29.1B in FY2026 versus ₹15.7B in FY2022, a compound +16.7%/yr. Reported net income was ₹1.4B in FY2026, compounding −3.2%/yr from FY2022.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.