ALFA Finder| Revenue growth | Q4 revenue grew 3% YoY; FY26 revenue grew 7% YoY. |
|---|---|
| Margins | Margins impacted by Roha capitalization, input cost inflation, and unfavorable project mix. |
| Order book | Engineering order book at INR 26,433 million as of March 31, 2026. |
| Demand visibility | Healthy enquiry pipeline driven by medium-sized opportunities across various sectors. |
| Management confidence | Positive on long-term chemical segment outlook despite temporary West Asia headwinds. |
Growth
FY26 revenue grew 7% to INR 29,148 million; however, EBITDA fell 29% to INR 2,102 million due to higher costs.
Outlook
Engineering order book stands at INR 26,433 million. Management expects Roha plant utilization to reach 25-30% in FY27.
Risks
West Asia crisis caused INR 60 crore export deferrals and increased raw material costs (styrene, oleum).
Last quarter's promises, checked
Delivered
- Guided Roha cation stream commissioning → Delivered cation stream stabilized (= BEAT)
- Guided 3rd Quarter order inflow → Delivered INR 5,160 million (= BEAT)
Partly delivered
- Guided Roha capacity utilization ramp-up → Delivered 40-45% commissioned but utilization very low (= PARTIAL)
Missed
- Guided better execution/profitability in Engineering → Delivered 28% EBIT decline (= MISS)
- Guided international project execution in Q3 → Delivered deferral to Q4 (= MISS)
Earnings Call filed with NSE, NSE: IONEXCHANG. Summary written with AI assistance from the document.
Ion Exchange (India) Ltd: key numbers
- Share price
- ₹326.05
- Market cap
- ₹4,782 Cr
- Revenue (annual)
- ₹2,915 Cr
- Net profit (annual)
- ₹142.7 Cr
- P/E (TTM)
- -147.1×Sector 21.7×
- Promoter holding
- 25.08%-0.35% QoQ
- FII holding
- 4.93%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Ion Exchange (India) Ltd
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Ion Exchange (India) Investor Presentation: Key Takeaways
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- Key figure
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Ion Exchange (India) Board Meeting Date
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Ion Exchange (India) Other Announcement
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