Ion Exchange (India) enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


4,940	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
185	185	150	154	176
1.3	1.3	1.6	1.9	2.3
454	454	303	138	52.5
5,210	—	—	—	—
269	269	153	−16.6	−123
₹366.16	—	—	—	—

1,795	1,795	1,513	1,157	888
25.3%	25.3%	20.0%	11.9%	5.9%
0.09×	—	—	—	—

1.72×	—	—	—	—
29.05×	—	—	—	—
48.58×	—	—	—	—
3,032	2,915	2,737	2,348	1,990
179	210	294	272	255
107	148	249	236	226
—	−28.5	32.1	130	62.7
−283	−283	−288	9.6	2.9
—	−288	−291	6.4	0.8
—	254	320	120	59.9

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

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IONEXCHANG₹347.15

Ion Exchange (India) Ltd.

· Energy & Power

₹ CrorePeersTHERMAX KPIGREEN GMRP&UI EIEL PTC RTNPOWER KARMAENG WABAGMcap ₹4,940 Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Current/LTM TTM · last close
Market Capitalization	—	—	—	—	4,939.9
- Cash, Equiv & ST Investments	175.7	154.2	149.7	185.2	185.2
+ Minority Interest	2.3	1.9	1.6	1.3	1.3
+ Total Debt	52.5	137.6	303.0	454.4	454.4
Enterprise Value	—	—	—	—	5,210.5
Net Debt (memo)	-123.2	-16.6	153.3	269.3	269.3
EV per Share	—	—	—	—	366.16

Total Capital	888.3	1,157.4	1,512.5	1,794.7	1,794.7
Total Debt/Total Capital	5.91	11.89	20.03	25.32	25.32
Total Debt/EV	—	—	—	—	0.09

EV/Sales	—	—	—	—	1.72
EV/EBITDA	—	—	—	—	29.05
EV/EBIT	—	—	—	—	48.58
Reference Items — Trailing FY Values
Sales	1,989.6	2,347.9	2,737.1	2,914.8	3,032.1
EBITDA	255.0	272.0	293.8	210.2	179.4
EBIT	225.9	235.5	249.3	147.6	107.3
Operating Cash Flow	62.7	129.9	32.1	-28.5	—
Free Cash Flow	2.9	9.6	-288.3	-282.6	-282.6
FCFF (free cash flow to the firm)	0.8	6.4	-291.4	-288.5	—
Capital Expenditure	59.9	120.3	320.4	254.1	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.