Ion Exchange (India) share price today

Ion Exchange (India) Ltd's share price was ₹338.60 at the close on 3 November 2026. It has been falling for 1 week. That is 14.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹333 and ₹469, and at that close it sat 4% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Ion Exchange (India) Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 6 weeks running.

Over the last 11 years the share price moved +1,113% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 28 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: promoters cut their stake for 14 quarters in a row, revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) and indian funds and insurers (DIIs) raised their stake for 3 quarters in a row.

1. Promoters cut their stake for 14 quarters in a row

   From 27% to 25.1% of the company by the September 2026 quarter.

2. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹700 crore, +20.1% on a year earlier.

   Why: Revenue rose because several businesses sold more than a year earlier, including Industrial Products, Life Cycle Services, Specialty Chemicals and Consumer Products.

   Next results: check whether the orders already won and the bids in progress turn into sales.

   From the earnings call on 10 Aug 2026.

3. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 14.2% to 15.7% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Ion Exchange (India) reported revenue of ₹700 crore, up 20.1% from ₹583 crore a year earlier, and a profit of ₹3.06 crore, down 93.7% from ₹48.4 crore.

Ion Exchange (India) results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Ion Exchange (India)'s management discussed these results on a call held on 10 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Ion Exchange (India) closed at ₹338.60 on 3 November 2026, down 15.4% from ₹400.10 a year earlier (31 October 2025) and up 50.0% over five years. Its highest weekly close since March 2016 was ₹720.85 on 23 August 2024.

Ion Exchange (India) share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 3 November 2026.

3 Nov 2026: Ion Exchange (India) closed at ₹338.60, up 0.1% on the week and down 16.7% on the month. 31 Aug 2026: ex-date for a dividend of ₹1.25 a share.

Earlier

• 10 Aug 2026: Ion Exchange (India) held its results call for April to June 2026. Management guided: Roha first-year utilization goal of 25% maintained.
• Results for April to June 2026: Revenue up 20.1% and profit down 93.7% on a year earlier.

Ion Exchange (India) paid ₹1.25 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.37% at the ₹338.60 close on 3 November 2026. The last was a dividend of ₹1.25 a share, ex-date 31 August 2026.

Ion Exchange (India) dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Ion Exchange (India) Ltd paid out 12% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 4 November 2026.

On the call for April to June 2026, held on 10 August 2026, Ion Exchange (India)'s management guided: Roha first-year utilization goal of 25% maintained.

“We do not want to create the impression that we are out of the woods. We are not.”Indranil Dutta, on the call for April to June 2026

What management guided

• Roha and Ankleshwar combined resin capacity planned at 5x historical capacity after debottlenecking.
• Ankleshwar pharma-resin capacity expansion to 6x current level planned within the next 12 months.
• Specialty Chemicals capacity expected at least 50% higher over the next couple of years.
• Full Roha capacity expected to generate just under 2x asset turnover on manufacturing capital spending over the next 4 years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 10 August 2026.

When Ion Exchange (India) reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Roha utilization trajectory - check whether overseas offtake and plant stabilization improve after the softer start.

Ion Exchange (India) is not on any of our India lists this week.

Ion Exchange (India) Ltd earned ₹3.1 Cr of net profit in the Jun 2026 quarter, −93.7% on the same quarter a year earlier. Full-year FY26 profit was ₹143 Cr. Over 10 years profit has grown 23.7% a year on average. That is 0.4% of the quarter's revenue. The same quarter a year earlier earned ₹48.4 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹143 Cr (−31.3% on the year before).

Why profit moved: revenue changed +20.1% on a year earlier and the margin moved −6.2 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −53.8% and revenue +10.9%. Profit is growing slower than sales: rising costs are taking part of the growth.

Ion Exchange (India) Ltd reported ₹700 Cr of revenue in the Jun 2026 quarter, +20.1% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 12.9% a year on average. The last full year, FY26, came in at ₹2,915 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹3,032 Cr.

FY26 revenue was ₹2,915 Cr, +6.5% on the year before.

Recent pace: the last four quarters grew +10.9% on average, against 12.9% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +10.1%, against +11.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −53.8%, against −31.2% a year (rolling over).

Ion Exchange (India) Ltd's operating margin was 4.5% in the Jun 2026 quarter, 6.2 percentage points lower than the same quarter a year ago. Across 13 years it has been between 5.0% and 14.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −6.2 percentage points on the year while gross margin changed −4.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 25% of Ion Exchange (India) Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹28.0 Cr of cash, against ₹143 Cr of profit. After ₹277 Cr of spending on assets, free cash was −₹305 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 25% of profit came in as cash: the cash cycle got 98 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 98 days longer. The next section looks at where the cash is stuck.

Ion Exchange (India) Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 44 days in FY26, up from −54 days in FY21. It spent ₹815 Cr on assets over the last 3 years. Customers take 135 days to pay, and stock sits for 87 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,915 Cr, each day of that cycle ties up about ₹8.0 Cr, so roughly ₹351 Cr is tied up in the business at any time.

FY26: customers took 135 days to pay and stock sat for 87 days, about 2.9 months of sales sitting as stock, for a full cycle of 44 days, longer than FY21's −54.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 87 days. Customers pay about 135 days after that. Suppliers are paid at 177 days. Together that makes the 44-day cycle.

Spending on assets: ₹815 Cr over the last 3 years, against ₹143 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹176 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Ion Exchange (India) Ltd's P/E is 45.2×, near the high end of its own history: higher than 88% of past readings. Its usual P/E (the middle reading) is 25.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹6.69.