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Ion Exchange (India) Ltd
About
Ion Exchange India has been a trailblazer in the Indian water management industry since 1964. Its journey started as a subsidiary of the Permutit Company of the UK till 1985, when Permutit divested its holding. Ion Exchange provides wholly integrated solutions for water and environment management, including wastewater treatment, solid waste management, and conversion of waste to energy. Its services of operation, maintenance, rehabilitation, modification, project financing, auditing and consulting, and remote management systems are utilised by industries, municipalities, institutions, communities, and homes. Ion’s 7 manufacturing and assembly facilities in India are spread across Tamil Nadu, Gujarat, Maharashtra, and Goa. Additionally, it has one assembly facility each in the UAE, Bangladesh, Indonesia, and Saudi Arabia.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2399 17.7% | 2038 24.1% | 1642 10.4% | 1488 -2.5% | 1527 27.2% | 1201 15.0% | 1044 -0.6% | 1050 21.1% | 867 6.9% | 811 1.1% | 802 -7.5% | 867 17.9% | 735 18.0% | 623 16.9% | 533 5.5% | 505 - |
| Net Operating Income (INR Cr) | 2348 18.01% | 1990 26.17% | 1577 8.79% | 1450 -2.05% | 1480 27.32% | 1162 11.14% | 1046 3.66% | 1009 15.82% | 871 8.82% | 800 0.94% | 793 -7.50% | 857 18.61% | 723 18.98% | 608 16.32% | 522 5.95% | 493 -7.04% |
| Profit (INR Cr) | 196 -0.4% | 197 20.9% | 163 13.1% | 144 53.7% | 94 43.5% | 65 62.4% | 40 32.1% | 30 98.6% | 15 56.9% | 10 114.5% | 5 -67.8% | 14 46.8% | 10 15.2% | 8 102.7% | 4 150.3% | 2 - |
| Assets (INR Cr) | 1213 30.7% | 928 25.7% | 738 24.3% | 594 15.7% | 514 29.9% | 395 1.3% | 390 29.1% | 302 3.7% | 292 6.6% | 274 1.3% | 270 5.1% | 257 14.1% | 225 14.6% | 196 6.6% | 184 -9.3% | 203 - |
| Net Worth (INR Cr) | 1018 22.1% | 833 27.1% | 656 29.6% | 506 39.3% | 363 39.7% | 260 29.9% | 200 20.0% | 167 -1.9% | 170 9.0% | 156 2.5% | 152 1.0% | 151 9.9% | 137 4.2% | 132 9.0% | 121 2.9% | 117 2.0% |
| Employee Cost (INR Cr) | 297 25.5% | 236 18.7% | 199 14.6% | 174 -3.9% | 181 19.7% | 151 10.3% | 137 12.5% | 122 10.5% | 110 13.0% | 98 1.0% | 97 -1.5% | 98 31.0% | 75 16.4% | 64 26.9% | 51 12.7% | 45 - |
| Interest Cost (INR Cr) | 15 | 12 | 13 | 15 | 19 | 21 | 22 | 21 | 17 | 17 | 15 | 17 | 13 | 10 | 13 | 13 |
| Cash & Bank Balance (INR Cr) | 588 | 548 | 536 | 505 | 373 | 290 | 263 | 168 | 33 | 26 | 24 | 26 | 19 | 31 | 18 | 13 |
| Total Debt (INR Cr) | 152 | 59 | 55 | 62 | 122 | 110 | 165 | 111 | 90 | 86 | 96 | 86 | 69 | 47 | 59 | 83 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 8.2% | 9.7% | 9.9% | 9.7% | 6.1% | 5.4% | 3.9% | 2.9% | 1.8% | 1.2% | 0.6% | 1.6% | 1.3% | 1.3% | 0.8% | 0.3% |
| Profit As % Of Assets | 16.2% | 21.2% | 22.0% | 24.2% | 18.2% | 16.5% | 10.3% | 10.1% | 5.3% | 3.6% | 1.7% | 5.5% | 4.3% | 4.3% | 2.2% | 0.8% |
| Profit As % Of Networth | 19.3% | 23.6% | 24.8% | 28.5% | 25.8% | 25.1% | 20.1% | 18.2% | 9.0% | 6.3% | 3.0% | 9.4% | 7.0% | 6.4% | 3.4% | 1.4% |
| Interest Cost to EBITDA % | 5.6% | 4.7% | 5.9% | 7.2% | 14.0% | 19.6% | 27.3% | 28.3% | 29.7% | 34.8% | 42.4% | 34.2% | 40.2% | 42.6% | 51.2% | 88.0% |
| Debt to Equity Ratio | 0.15 | 0.07 | 0.08 | 0.12 | 0.34 | 0.42 | 0.82 | 0.66 | 0.53 | 0.55 | 0.63 | 0.57 | 0.50 | 0.36 | 0.49 | 0.71 |
| RONW | 21.1% | 26.2% | 27.8% | 33.0% | 30.2% | 28.7% | 21.7% | 17.1% | 10.4% | 7.4% | 3.2% | 9.9% | 8.4% | 5.5% | 4.6% | 2.4% |
| ROCE | 26.6% | 32.5% | 34.5% | 37.9% | 33.2% | 31.6% | 25.7% | 25.6% | 18.8% | 15.5% | 11.7% | 18.3% | 16.1% | 12.5% | 12.2% | 10.1% |