Ion Exchange India Ltd. is a leader in the Indian water treatment industry, offering comprehensive water management solutions for domestic, industrial, and public health purposes. For over three decades, it has been manufacturing and supplying a variety of technologies, products, and services for the entire water and wastewater treatment spectrum. Established in 1964, Ion Exchange India pioneered water and wastewater treatment solutions. Ion Exchange (India) Limited, a leading water treatment company in India, was founded in 1964 as a subsidiary of Permutit of the United Kingdom.
A first in India, Ion Exchange produces a wide range of world-class ion exchange resins to meet the exact needs of its customers. At the same time, we have established design capabilities for water and wastewater treatment equipment engineering and production. A subsidiary of British Permutit till 1985, it became a wholly Indian company when Permutit divested its holdings.
It operates through Engineering, Chemicals, and Consumer Products segments.
- Engineering (58% in Q1 FY25 vs 61% in FY20): Provides integrated services and solutions in water & wastewater treatment including Sea Water desalination, Recycle and Zero liquid discharge plants to diverse industries. Revenue grew 13% YoY, and EBIT rose 26% YoY in Q1 FY25 supported by steady medium-sized job orders and international contracts.
The company's comprehensive product portfolio includes water treatment plants, process water solutions, wastewater treatment systems, and zero liquid discharge facilities. Ion Exchange (India) Ltd offers a wide range of solutions across the water cycle from pre-treatment to process water treatment, wastewater treatment, recycling, zero liquid discharge, sewage treatment, packaged drinking water, seawater desalination, etc. It also engaged in manufacturing resins, and specialty chemicals for water and wastewater treatment as well as non-water applications.
In the consumer segment, Its domestic and public health sectors are well known for the ZeroB brand of drinking water purifiers and water conditioners for bacteria-free drinking water. The company has established itself as a trusted household name in water purification solutions across India.
For the full year, net profit rose 6.01% to ₹207.81 Crore in the year ended March 2025, as against ₹196.02 Crore during the previous year ended March 2024. Sales rose 16.58% to ₹2,737.11 Crore in the year ended March 2025, as against ₹2,347.85 Crore during the previous year ended March 2024.
However, the company faced challenges in Q4 FY25, with net profit declined 12.97% to ₹63.35 Crore in the quarter ended March 2025, as against ₹72.79 Crore during the previous quarter ended March 2024. Sales rose 6.75% to ₹834.56 Crore in the quarter ended March 2025, as against ₹781.81 Crore during the previous quarter ended March 2024.
The company's financial metrics show strong fundamentals with an annual revenue growth of 18% is outstanding, Pre-tax margin of 11% is healthy, ROE of 19% is exceptional. The company has a reasonable debt to equity of 11%, which signals a healthy balance sheet.
Ion Exchange (India) Ltd has a market capitalization of ₹8,086 Crore. Promoter holding in Ion Exchange (India) Ltd has gone down to 25.76% as of March 2025 from 26.20% as of June 2024. The stock has shown remarkable growth over the years, with Ion Exchange (India) Ltd share price moved up by 228.79% on BSE.
The Ion Exchange (India) Ltd's 52-week high share price is ₹767.00 and 52-week low share price is ₹401.05. The stock hit a record high of ₹767 on July 26, 2024. The stock hit a record high of ₹767 on July 26, 2024.
"Our R&D and Technology Centers, accredited by the Department of Scientific and Industrial Research (DSIR) since 1965, enable us to develop world-class products and services in water, wastewater management, solid waste management, and waste-to-energy solutions." Ion Exchange also has RD centre recognized by Department of Science & Technology and multiple subsidiaries that provide a range of technical services, financial services, commercial horticulture, and a 50% joint venture with Mannesmann Demag of Germany.
It has supplied more than 2000 treatment plants in India and abroad, many of which have been World Bank funded projects valued at US$25 million. The company has completed over 100,000 installations worldwide. It is a pioneer in water and wastewater treatment and environmental solutions, serving various industries, institutions, homes, and communities.
Ion Exchange has created one of the largest networks of authorized channel partners across urban and rural India to effectively cater to the relatively smaller needs of SMEs with our standardized products. We have established a nationwide service network to provide value-added services, such as comprehensive O&M contracts, supply of original spare parts and consumables, BOO/T services, etc., to support our products and solutions.
The company has expanded its operations through strategic acquisitions and subsidiaries. In FY 2012-13, the Company transferred its Project Division (covering domestic turnkey projects) to Ion Exchange Projects and Engineering Limited, a wholly-owned subsidiary company, effective from August 1, 2012, through Business Transfer Agreement (BTA) dated October 29, 2012. Ion Exchange Services Limited got merged with the Company with effect from April 1, 2012.
The company has diversified into financial services through IEL Finance, a subsidiary, which provides a wide spectrum of services in fund and fee-based areas. Ion Exchange Enviro Farms, another subsidiary, is into commercial horticulture.
Ion Exchange (India) Limited continues to maintain its position as a leading water treatment company, leveraging decades of experience and technological expertise to address India's growing water management challenges while expanding its global footprint.
