ETMarkets.comIon Exchange (India), incorporated in the year 1964, is a Small Cap company (having a market cap of Rs 5072.98 Crore) operating in Engineering sector.
Ion Exchange (India) key Products/Revenue Segments include Chemicals, Sale of services, Traded Goods, Other Operating Revenue, Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 524.69 Crore, up 15.13 % from last quarter Total Income of Rs 455.74 Crore and up 33.32 % from last year same quarter Total Income of Rs 393.57 Crore. Company has reported net profit after tax of Rs 47.45 Crore in latest quarter.
The company’s top management includes Mr.Rajesh Sharma, Ms.Kishori J Udeshi, Mr.Shishir Tamotia, Mr.Abhiram Seth, Mr.P Sampath Kumar, Mr.T M M Nambiar, Mr.M P Patni, Dr.V N Gupchup, Mr.Aankur Patni, Mr.Dinesh Sharma, Mr.David Rasquinha. Company has BSR & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 1 Crore shares outstanding.
The expansion of the membrane facility and greenfield expansion of chemicals capacity (environment clearance awaited) are likely to be strong growth drivers for IEIL especially when the demand drivers for its products/services remain robust. The brokerage expects IEIL’s Revenue/EBITDA/PAT to grow at 17/14/15% CAGR over FY22-FY25E, led by increased execution of orders.
Promoter/FII Holdings
Promoters held 26.99 per cent stake in the company as of 31-Dec-2022, while FIIs owned 0.77 per cent, DIIs 11.47 per cent.
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