ION Exchange (India) LimitedIONEXCHANGCorporate

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

₹377.50

MCap ₹4,641 Cr · P/E 44.9

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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.

₹636 Cr

Sales · Jun 2026

+22.7% YoY

₹31 Cr

Operating Profit · Jun 2026

-45.4% YoY

4.8%

OPM % · Jun 2026

-56.0% YoY

₹11 Cr

Net Profit · Jun 2026

-75.7% YoY

₹0.93

EPS · Jun 2026

-75.7% YoY

📝 ION Exchange (India) Limited — results explained

Quarter ended June 2026 (Q1 FY27)

ION Exchange (India) Limited reported revenue of ₹636 crore for the quarter ended June 2026 (Q1 FY27), up 22.7% from ₹518 crore in the same quarter last year, and down 21.9% sequentially over the March 2026 quarter.

Net profit fell 75.7% year-on-year to ₹11 crore, from ₹47 crore. Earnings per share (EPS) came in at ₹0.93.

Operating profit stood at ₹31 crore — an operating margin (OPM) of 4.8%, compared with 10.9% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, ION Exchange (India) Limited posted revenue of ₹2,679 crore, a growth of 5.5% over FY25, with a net profit of ₹139 crore (down 35.4% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹2,797 crore with a net profit of ₹103 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 44.9.

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 ?

44.91above ind

Industry P/E ?

10.40

P/B ?

3.34

P/S ?

1.66

P/FCF ?

-15.27

Enterprise Value ?

₹5,051 Cr

EV/EBITDA ?

31.82

PEG ?

N/A

Earnings Yield ?

1.8%

Dividend Yield ?

0.41%

Profitability & Returns

Sales (TTM) ?

₹2,797 Cr

OPM ?

5.7%

Profit after tax (TTM) ?

₹103 Cr

EPS (TTM) ?

₹8.41

ROCE ?

13.0%

ROE ?

7.4%

ROA ?

3.2%

Growth

Sales — latest qtr ?

₹636 Cr

PAT — latest qtr ?

₹11 Cr

YoY qtr sales growth ?

22.7%

YoY qtr profit growth ?

-75.7%

Sales growth (3y) ?

12%

Sales growth (5y) ?

14%

Profit growth (3y) ?

-7%

Profit growth (5y) ?

Financial Health

Debt ?

₹410 Cr

Debt to Equity ?

0.29

Interest Coverage ?

6.2

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	496	620	449	510	512	735	516	589	650	785	518	678	669	814	636	+22.7%	-21.9%
Operating Profit	61	95	51	53	68	88	61	67	74	83	56	61	56	11	31	-45.4%	+178.9%
Other Income	13	5	11	13	11	17	13	13	11	15	20	16	14	45	13	-32.2%	-70.6%
Interest	2	2	2	3	2	1	2	2	2	3	2	2	7	10	8	+394.6%	-17.9%
Depreciation	7	7	8	6	8	9	9	10	10	11	11	11	17	18	20	+84.4%	+13.0%
Profit Before Tax	65	92	52	57	68	94	62	68	73	85	63	64	32	27	15	-75.6%	-43.1%
Net Profit	47	72	38	43	49	72	46	51	53	65	47	48	24	20	11	-75.7%	-43.0%
EPS	38.53	58.71	3.12	2.92	4.00	5.84	3.73	4.13	4.34	4.40	3.81	3.89	1.96	1.33	0.93	-75.7%	-30.3%
OPM %	12.2%	15.4%	11.3%	10.4%	13.2%	11.9%	11.7%	11.4%	11.5%	10.6%	10.9%	9.0%	8.4%	1.4%	4.8%	-56.0%	+242.9%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹2,540 Cr	₹2,679 Cr	₹2,797 Cr	+5.5%
Operating Profit	₹285 Cr	₹184 Cr	₹159 Cr	-35.3%
OPM %	11.22%	6.88%	5.68%	-38.7%
NPM %	8.46%	5.18%	3.69%	-38.8%
Other Income	₹51 Cr	₹95 Cr	₹89 Cr	+86.8%
Depreciation	₹40 Cr	₹57 Cr	₹67 Cr	+41.8%
Interest	₹9 Cr	₹20 Cr	₹27 Cr	+131.3%
EBIT	₹245 Cr	₹127 Cr	₹92 Cr	-48.1%
PBT	₹288 Cr	₹186 Cr	₹139 Cr	-35.3%
Tax	₹53 Cr	₹40 Cr	₹28 Cr	-23.4%
Net Profit	₹215 Cr	₹139 Cr	₹103 Cr	-35.4%
EPS	₹16.59	₹11.00	₹8.11	-33.7%
Material Cost	₹1,121 Cr	₹1,232 Cr	₹1,322 Cr	+9.9%
Employee Cost	₹203 Cr	₹238 Cr	₹249 Cr	+17.2%
Extraordinary Items	—	₹15 Cr	₹15 Cr	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	15	15	15	15	+0.0%
Reserves	872	1,060	1,256	1,375	+9.5%
Borrowings	49	59	244	410	+68.0%
Other Liabilities	998	1,197	1,377	1,461	+6.1%
Total Liabilities	1,934	2,331	2,891	3,260	+12.8%
Fixed Assets	204	263	290	637	+119.7%
CWIP	42	61	322	175	-45.7%
Investments	59	85	86	87	+1.2%
Other Assets	1,629	1,922	2,193	2,361	+7.7%
Total Assets	1,934	2,331	2,891	3,260	+12.8%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	55	124	26	-56	-315.4%
Cash from Investing Activity	-23	-161	-169	-38	+77.5%
Cash from Financing Activity	-27	-12	148	111	-25.0%
Net Cash Flow	5	-48	5	17	+240.0%
Free Cash Flow	-4	9	-291	-304	-4.5%
CFO/OP	53%	71%	33%	0%	-100.0%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	135	154	162	146	-9.9%
Inventory Days	55	50	54	80	+48.1%
Days Payable	156	172	164	176	+7.3%
Cash Conversion Cycle	34	32	52	50	-3.8%
Working Capital Days	13	26	38	63	+65.8%
ROCE %	30%	27%	23%	13%	-43.5%

👥 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?