ScoreWhy is Ion Exchange (India) Ltd ?
1
High Management Efficiency with a high ROE of 19.29%
2
Company has a Debt to Equity ratio (avg) of 0.02 times
3
Poor long term growth as Operating profit has grown by an annual rate -3.31% of over the last 5 years
4
Negative results in Mar 26
- PBT LESS OI(Q) At Rs -10.65 cr has Fallen at -115.15%
- PAT(Q) At Rs 24.08 cr has Fallen at -62.0%
- ROCE(HY) Lowest at 12.95%
5
With ROCE of 9.8, it has a Very Expensive valuation with a 4 Enterprise value to Capital Employed
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -23.58%, its profits have fallen by -25.5%
6
Increasing Participation by Institutional Investors
- Institutional investors have increased their stake by 0.53% over the previous quarter and collectively hold 19.42% of the company
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors
7
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -23.58% returns in the last 1 year, the stock has also underperformed BSE500 in each of the last 3 annual periods
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to ION Exchange should be less than 10%
- Overall Portfolio exposure to Other Utilities should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Utilities)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is ION Exchange for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
ION Exchange
-23.58%
-0.65
36.31%
Sensex
-6.45%
-0.49
13.28%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
14.99%
EBIT Growth (5y)
-3.31%
EBIT to Interest (avg)
17.47
Debt to EBITDA (avg)
0.76
Net Debt to Equity (avg)
0.12
Sales to Capital Employed (avg)
2.03
Tax Ratio
26.54%
Dividend Payout Ratio
10.27%
Pledged Shares
0
Institutional Holding
19.42%
ROCE (avg)
55.24%
ROE (avg)
19.29%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
38
Industry P/E
38
Price to Book Value
4.35
EV to EBIT
40.57
EV to EBITDA
28.48
EV to Capital Employed
3.99
EV to Sales
2.05
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
9.82%
ROE (Latest)
11.56%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Mildly Bearish
Moving Averages
Bullish (Daily)
KST
Bullish
Bearish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
No Trend
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend2What is working for the Company
NET SALES(Q)
Highest at Rs 863.27 cr
-20What is not working for the Company
PBT LESS OI(Q)
At Rs -10.65 cr has Fallen at -115.15%
PAT(Q)
At Rs 24.08 cr has Fallen at -62.0%
ROCE(HY)
Lowest at 12.95%
CASH AND CASH EQUIVALENTS(HY)
Lowest at Rs 318.67 cr
PBDIT(Q)
Lowest at Rs 19.87 cr.
OPERATING PROFIT TO NET SALES (Q)
Lowest at 2.30%
NON-OPERATING INCOME(Q)
is 132.87 % of Profit Before Tax (PBT
Loading Valuation Snapshot...
Here's what is working for ION Exchange
Net Sales - Quarterly
Highest at Rs 863.27 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Here's what is not working for ION Exchange
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs -10.65 cr has Fallen at -115.15%
Year on Year (YoY)MOJO Watch
Near term PBT trend is very negative
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 24.08 cr has Fallen at -62.0%
Year on Year (YoY)MOJO Watch
Near term PAT trend is very negative
PAT (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Lowest at Rs 19.87 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (Rs Cr)
Operating Profit Margin - Quarterly
Lowest at 2.30%
in the last five quartersMOJO Watch
Company's efficiency has deteriorated
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
Lowest at Rs -10.65 cr.
in the last five quartersMOJO Watch
Near term PBT trend is negative
PBT less Other Income (Rs Cr)
Non Operating Income - Quarterly
is 132.87 % of Profit Before Tax (PBT)
MOJO Watch
The company's income from non business activities is high; which is not a sustainable business model
Non Operating Income to PBT
Cash and Cash Equivalents - Half Yearly
Lowest at Rs 318.67 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents
Non Operating Income - Quarterly
Highest at Rs 43.05 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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