ION Exchange (India) LimitedIONEXCHANGCorporate

Engineering - Turnkey Services Latest results: Jun 2026 15 quarters of data

₹377.50

MCap ₹4,641 Cr · P/E 47.6

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹700 Cr

Sales · Jun 2026

+20.1% YoY

₹32 Cr

Operating Profit · Jun 2026

-49.2% YoY

4.5%

OPM % · Jun 2026

-57.9% YoY

₹3 Cr

Net Profit · Jun 2026

-93.7% YoY

₹0.35

EPS · Jun 2026

-91.6% YoY

📝 ION Exchange (India) Limited — results explained

Quarter ended June 2026 (Q1 FY27)

ION Exchange (India) Limited reported revenue of ₹700 crore for the quarter ended June 2026 (Q1 FY27), up 20.1% from ₹583 crore in the same quarter last year, and down 18.8% sequentially over the March 2026 quarter.

Net profit fell 93.7% year-on-year to ₹3 crore, from ₹48 crore. Earnings per share (EPS) came in at ₹0.35.

Operating profit stood at ₹32 crore — an operating margin (OPM) of 4.5%, compared with 10.7% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, ION Exchange (India) Limited posted revenue of ₹2,915 crore, a growth of 6.5% over FY25, with a net profit of ₹143 crore (down 31.4% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹3,032 crore with a net profit of ₹98 crore.

Valuation snapshot

At the current price of ₹377.50, IONEXCHANG has a market capitalisation of ₹4,641 crore and a trailing P/E of about 47.6.

Within the Engineering - Turnkey Services industry, it is the 7th-largest of the 36 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 25.52%, foreign institutional investors (FIIs) 4.63%, domestic institutional investors (DIIs) 14.80%, public shareholders 38.86% of ION Exchange (India) Limited.

Promoter holding slipped from 25.58% to 25.52% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹4,641 Cr

Current Price ?

₹377.5

P/E ?

47.58above ind

Industry P/E ?

10.40

P/B ?

3.47

P/S ?

1.53

P/FCF ?

-16.57

Enterprise Value ?

₹5,123 Cr

EV/EBITDA ?

28.54

PEG ?

N/A

Earnings Yield ?

2.1%

Dividend Yield ?

0.41%

Profitability & Returns

Sales (TTM) ?

₹3,032 Cr

OPM ?

5.9%

Profit after tax (TTM) ?

₹98 Cr

EPS (TTM) ?

₹7.93

ROCE ?

14.0%

ROE ?

7.3%

ROA ?

2.9%

Growth

Sales — latest qtr ?

₹700 Cr

PAT — latest qtr ?

₹3 Cr

YoY qtr sales growth ?

20.1%

YoY qtr profit growth ?

-93.7%

Sales growth (3y) ?

14%

Sales growth (5y) ?

15%

Profit growth (3y) ?

-8%

Profit growth (5y) ?

Financial Health

Debt ?

₹482 Cr

Debt to Equity ?

0.36

Interest Coverage ?

6.1

Current Ratio ?

N/A

Ownership

Promoter holding ?

25.52%

Change in promoter holding ?

-0.19%

Pledged percentage ?

N/A

Market

Return 3 months ?

-13.3%

Return 6 months ?

-5.8%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Dec 2022	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	Jun 2026	YoY %	QoQ %
Sales	512	647	479	533	554	782	568	644	691	835	583	734	734	863	700	+20.1%	-18.8%
Operating Profit	62	106	49	60	71	92	64	68	75	86	63	68	59	20	32	-49.2%	+58.7%
Other Income	13	6	9	11	9	17	11	14	9	15	18	14	12	43	6	-66.5%	-86.2%
Interest	2	2	2	4	3	3	3	4	3	4	3	3	8	11	9	+249.6%	-18.6%
Depreciation	7	7	8	8	10	10	10	11	11	12	12	12	19	20	22	+77.4%	+8.8%
Profit Before Tax	65	102	48	59	67	95	62	68	70	85	66	68	29	32	7	-88.8%	-76.9%
Net Profit	48	81	33	42	47	72	45	51	50	63	48	50	21	24	3	-93.7%	-87.2%
EPS	40.53	68.90	2.81	2.90	4.00	6.14	3.79	4.30	4.10	5.34	4.11	4.18	1.71	1.65	0.35	-91.6%	-79.0%
OPM %	12.2%	16.4%	10.2%	11.3%	12.7%	11.8%	11.3%	10.6%	10.9%	10.3%	10.7%	9.3%	8.1%	2.3%	4.5%	-57.9%	+95.7%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹2,737 Cr	₹2,915 Cr	₹3,032 Cr	+6.5%
Operating Profit	₹294 Cr	₹210 Cr	₹179 Cr	-28.4%
OPM %	10.73%	7.21%	5.92%	-32.8%
NPM %	7.61%	4.90%	3.22%	-35.6%
Other Income	₹49 Cr	₹87 Cr	₹75 Cr	+76.0%
Depreciation	₹44 Cr	₹63 Cr	₹72 Cr	+41.6%
Interest	₹13 Cr	₹24 Cr	₹31 Cr	+79.9%
EBIT	₹249 Cr	₹147 Cr	₹107 Cr	-40.9%
PBT	₹285 Cr	₹194 Cr	₹136 Cr	-31.9%
Tax	₹77 Cr	₹44 Cr	₹30 Cr	-43.6%
Net Profit	₹208 Cr	₹143 Cr	₹98 Cr	-31.4%
EPS	₹17.53	₹11.65	₹7.89	-33.6%
Material Cost	₹1,743 Cr	₹1,311 Cr	₹1,417 Cr	-24.8%
Employee Cost	₹342 Cr	₹299 Cr	₹312 Cr	-12.4%
Extraordinary Items	—	₹17 Cr	₹17 Cr	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	14	14	14	14	+0.0%
Reserves	819	1,004	1,194	1,325	+11.0%
Borrowings	59	152	323	482	+49.2%
Other Liabilities	1,047	1,271	1,449	1,559	+7.6%
Total Liabilities	1,939	2,441	2,979	3,380	+13.5%
Fixed Assets	215	367	392	754	+92.3%
CWIP	42	61	323	175	-45.8%
Investments	10	12	13	16	+23.1%
Other Assets	1,672	2,001	2,250	2,435	+8.2%
Total Assets	1,939	2,441	2,979	3,380	+13.5%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	63	130	32	-28	-187.5%
Cash from Investing Activity	-41	-160	-165	-44	+73.3%
Cash from Financing Activity	-15	8	128	100	-21.9%
Net Cash Flow	6	-22	-4	27	+775.0%
Free Cash Flow	3	10	-287	-280	+2.4%
CFO/OP	53%	74%	35%	17%	-51.4%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	128	145	151	135	-10.6%
Inventory Days	65	59	63	87	+38.1%
Days Payable	162	174	165	177	+7.3%
Cash Conversion Cycle	31	31	50	44	-12.0%
Working Capital Days	5	16	33	53	+60.6%
ROCE %	34%	27%	22%	14%	-36.4%

👥 Shareholding (latest 4 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	% Chg
Promoters	25.71%	25.67%	25.58%	25.52%	-0.2%
FIIs	5.27%	4.85%	4.68%	4.63%	-1.1%
DIIs	14.09%	14.29%	14.22%	14.80%	+4.1%
Public	38.77%	39.01%	39.34%	38.86%	-1.2%
Others	16.18%	16.18%	16.18%	16.18%	+0.0%
No. of Shareholders	1,25,651	1,19,139	1,20,488	1,16,996	-2.9%

⚖️ Peer comparison

Industry: Engineering - Turnkey Services · top 25 of 36 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	ORIANA Oriana Power	₹2,077.80	21,110	16.7	1,813	252	22.0%	13.9%	—	—	64.3%	18.2%
2	WABAG VA Tech	₹2,282.00	14,261	38.3	3,944	370	11.7%	9.4%	19.7%	25.5%	22.3%	28.6%
3	POWERMECH Power Mech	₹2,424.50	7,665	19.6	6,393	420	10.9%	6.6%	15.8%	18.4%	25.6%	10.3%
4	GMRP&UI GMR Power	₹93.16	7,276	11.7	7,388	585	22.3%	7.9%	15.6%	-60.5%	3.4%	-392.8%
5	ISGEC Isgec Heavy	₹837.65	6,159	25.3	6,819	284	9.1%	4.2%	6.1%	7.7%	17.4%	9.0%
6	TRANSRAILL Transrail Lighting	₹412.65	5,540	13.5	6,830	411	12.1%	6.0%	28.7%	22.6%	-4.3%	-20.0%
7	IONEXCHANG ION Exchange	₹437.80	5,382	39.6	3,032	98	5.9%	3.2%	6.5%	-31.4%	20.1%	-93.7%
8	SWSOLAR Sterling and Wilson	₹163.18	3,811	15.7	7,155	213	4.9%	3.0%	19.8%	-237.8%	-12.6%	103.5%
9	EIEL Enviro Infra	₹194.87	3,421	19.2	1,264	191	22.4%	15.1%	8.3%	6.1%	49.1%	6.4%
10	ASHOKA Ashoka Buildcon	₹113.99	3,200	1.3	7,132	2,476	21.5%	34.7%	-25.1%	48.6%	-20.5%	-44.0%
11	BAJEL Bajel Projects	₹179.23	2,074	73.8	2,751	29	3.6%	1.0%	7.5%	69.5%	-6.7%	37.2%
12	RELINFRA Reliance Infrastructure	₹48.80	1,992	1.0	20,877	4,330	4.9%	20.7%	-11.0%	-25.1%	11749.6%	151.7%
13	BGRENERGY BGR Energy	₹231.86	1,673	—	226	-1,250	-255.9%	-551.8%	-33.8%	-32.8%	-82.2%	16.1%
14	KPEL K.P. Energy	₹230.44	1,562	8.5	1,797	182	18.5%	10.1%	59.4%	57.2%	136.7%	2.6%
15	MBECL Mcnally Bharat	₹421.66	1,406	0.4	73	3,655	-286.9%	5002.9%	-30.5%	301.0%	0.3%	89.0%
16	GGBL Ganesh Green	₹481.90	1,195	15.9	1,067	75	10.7%	7.0%	—	—	298.4%	147.1%
17	SEPC SEPC	₹5.62	1,092	42.7	1,150	26	5.5%	2.3%	65.8%	116.6%	38.6%	-166.8%
18	ATMASTCO Atmastco	₹306.00	757	—	—	—	—	—	—	—	-18.6%	61.9%
19	OMINFRAL OM INFRA	₹78.10	752	22.8	520	33	8.6%	6.3%	-29.8%	-42.8%	19.2%	1268.7%
20	MOLDTECH Mold-Tek Technologies	₹200.00	576	31.2	208	18	10.9%	8.9%	24.6%	-17.0%	78.9%	1215.1%
21	SUPREMEINF Supreme Infrastructure	₹53.50	522	0.1	65	5,797	-3.5%	8900.7%	-4.0%	506.5%	95.8%	83.4%
22	WINSOL Winsol	₹378.85	437	30.5	136	14	17.7%	10.3%	—	—	1.8%	36.6%
23	GVKPIL GVK Power	₹2.33	368	—	81	-1,383	-363.9%	-1717.0%	-90.0%	-331.4%	-100.0%	98.5%
24	K2INFRA K2 Infragen	₹275.00	347	26.1	185	13	12.4%	7.0%	—	—	-1.1%	-14.3%
25	ATLANTAA ATLANTAA	₹36.81	300	—	78	-5	40.9%	-6.5%	33.3%	-105.7%	26.2%	-196.1%

❓ Frequently asked questions

What was ION Exchange (India) Limited's revenue in Q1 FY27?

What was ION Exchange (India) Limited's net profit in Q1 FY27?