ION Exchange (India) Limited (IONEXCHANG) - Net Assets
Based on the latest financial reports, ION Exchange (India) Limited (IONEXCHANG) has net assets worth Rs12.95 Billion INR (≈ $140.03 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs31.10 Billion ≈ $336.39 Million USD) and total liabilities (Rs18.16 Billion ≈ $196.36 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ION Exchange (India) Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs12.95 Billion |
| % of Total Assets | 41.63% |
| Annual Growth Rate | 14.11% |
| 5-Year Change | 139.16% |
| 10-Year Change | 585.85% |
| Growth Volatility | 12.48 |
ION Exchange (India) Limited - Net Assets Trend (2006–2025)
This chart illustrates how ION Exchange (India) Limited's net assets have evolved over time, based on quarterly financial data. Also explore ION Exchange (India) Limited assets under control for the complete picture of this company's asset base.
Annual Net Assets for ION Exchange (India) Limited (2006–2025)
The table below shows the annual net assets of ION Exchange (India) Limited from 2006 to 2025. For live valuation and market cap data, see ION Exchange (India) Limited (IONEXCHANG) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs12.09 Billion ≈ $130.80 Million |
+18.60% |
| 2024-03-31 | Rs10.20 Billion ≈ $110.29 Million |
+22.02% |
| 2023-03-31 | Rs8.36 Billion ≈ $90.39 Million |
+27.64% |
| 2022-03-31 | Rs6.55 Billion ≈ $70.82 Million |
+29.49% |
| 2021-03-31 | Rs5.06 Billion ≈ $54.69 Million |
+38.52% |
| 2020-03-31 | Rs3.65 Billion ≈ $39.48 Million |
+39.23% |
| 2019-03-31 | Rs2.62 Billion ≈ $28.36 Million |
+29.21% |
| 2018-03-31 | Rs2.03 Billion ≈ $21.95 Million |
-0.64% |
| 2017-03-31 | Rs2.04 Billion ≈ $22.09 Million |
+15.82% |
| 2016-03-31 | Rs1.76 Billion ≈ $19.07 Million |
+7.17% |
| 2015-03-31 | Rs1.65 Billion ≈ $17.80 Million |
+2.83% |
| 2014-03-31 | Rs1.60 Billion ≈ $17.31 Million |
+1.08% |
| 2013-03-31 | Rs1.58 Billion ≈ $17.12 Million |
+9.62% |
| 2012-03-31 | Rs1.44 Billion ≈ $15.62 Million |
+6.11% |
| 2011-03-31 | Rs1.36 Billion ≈ $14.72 Million |
+12.66% |
| 2010-03-31 | Rs1.21 Billion ≈ $13.07 Million |
+2.90% |
| 2009-03-31 | Rs1.17 Billion ≈ $12.70 Million |
+2.04% |
| 2008-03-31 | Rs1.15 Billion ≈ $12.44 Million |
+10.80% |
| 2007-03-31 | Rs1.04 Billion ≈ $11.23 Million |
+5.47% |
| 2006-03-31 | Rs984.64 Million ≈ $10.65 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to ION Exchange (India) Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1102674200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs11.03 Billion | 91.29% |
| Common Stock | Rs142.30 Million | 1.18% |
| Other Comprehensive Income | Rs357.50 Million | 2.96% |
| Other Components | Rs552.26 Million | 4.57% |
| Total Equity | Rs12.08 Billion | 100.00% |
ION Exchange (India) Limited Competitors by Market Cap
The table below lists competitors of ION Exchange (India) Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VP Bank AG
SW:VPBN
|
$527.23 Million |
|
iHeartMedia Inc Class A
NASDAQ:IHRT
|
$527.25 Million |
|
APAC Opto Electronics
TWO:4908
|
$527.35 Million |
|
Shanghai Zhenhua Heavy Industries Co Ltd B
SHG:900947
|
$527.46 Million |
|
Miquel y Costas & Miquel S.A.
MC:MCM
|
$526.97 Million |
|
EPC Groupe
PA:EXPL
|
$526.94 Million |
|
Shanghai Welltech Automation Co Ltd
SHE:002058
|
$526.87 Million |
|
ASP Isotopes Inc. Common Stock
NASDAQ:ASPI
|
$526.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ION Exchange (India) Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,179,067,000 to 12,078,800,000, a change of 1,899,733,000 (18.7%).
- Net income of 2,078,100,000 contributed positively to equity growth.
- Dividend payments of 187,500,000 reduced retained earnings.
- Other comprehensive income increased equity by 5,357,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs2.08 Billion | +17.2% |
| Dividends Paid | Rs187.50 Million | -1.55% |
| Other Comprehensive Income | Rs5.36 Million | +0.04% |
| Other Changes | Rs3.78 Million | +0.03% |
| Total Change | Rs- | 18.66% |
Book Value vs Market Value Analysis
This analysis compares ION Exchange (India) Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.89x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 46.55x to 3.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs8.52 | Rs396.40 | x |
| 2007-03-31 | Rs8.59 | Rs396.40 | x |
| 2008-03-31 | Rs8.87 | Rs396.40 | x |
| 2009-03-31 | Rs9.06 | Rs396.40 | x |
| 2010-03-31 | Rs8.74 | Rs396.40 | x |
| 2011-03-31 | Rs9.43 | Rs396.40 | x |
| 2012-03-31 | Rs10.21 | Rs396.40 | x |
| 2013-03-31 | Rs10.44 | Rs396.40 | x |
| 2014-03-31 | Rs10.76 | Rs396.40 | x |
| 2015-03-31 | Rs10.83 | Rs396.40 | x |
| 2016-03-31 | Rs11.79 | Rs396.40 | x |
| 2017-03-31 | Rs13.93 | Rs396.40 | x |
| 2018-03-31 | Rs17.30 | Rs396.40 | x |
| 2019-03-31 | Rs22.48 | Rs396.40 | x |
| 2020-03-31 | Rs31.11 | Rs396.40 | x |
| 2021-03-31 | Rs42.67 | Rs396.40 | x |
| 2022-03-31 | Rs55.31 | Rs396.40 | x |
| 2023-03-31 | Rs70.31 | Rs396.40 | x |
| 2024-03-31 | Rs85.86 | Rs396.40 | x |
| 2025-03-31 | Rs101.88 | Rs396.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ION Exchange (India) Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.20%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.59%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 2.47x
- Recent ROE (17.20%) is above the historical average (12.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 2.42% | 0.83% | 0.97x | 3.01x | Rs-74.58 Million |
| 2007 | 4.47% | 1.10% | 1.20x | 3.38x | Rs-56.89 Million |
| 2008 | 8.24% | 1.76% | 1.26x | 3.72x | Rs-19.98 Million |
| 2009 | 1.44% | 0.33% | 1.12x | 3.84x | Rs-97.86 Million |
| 2010 | 3.55% | 0.79% | 1.13x | 3.98x | Rs-75.08 Million |
| 2011 | 6.36% | 1.38% | 1.21x | 3.81x | Rs-47.91 Million |
| 2012 | 7.03% | 1.34% | 1.13x | 4.66x | Rs-40.77 Million |
| 2013 | 9.39% | 1.65% | 1.26x | 4.53x | Rs-9.26 Million |
| 2014 | 2.99% | 0.57% | 1.21x | 4.31x | Rs-106.70 Million |
| 2015 | 6.25% | 1.22% | 1.18x | 4.36x | Rs-58.46 Million |
| 2016 | 9.00% | 1.76% | 1.21x | 4.21x | Rs-17.00 Million |
| 2017 | 14.32% | 2.79% | 1.01x | 5.08x | Rs85.54 Million |
| 2018 | 20.08% | 3.87% | 0.97x | 5.32x | Rs201.65 Million |
| 2019 | 25.10% | 5.65% | 0.99x | 4.48x | Rs392.56 Million |
| 2020 | 25.79% | 6.42% | 1.06x | 3.81x | Rs573.16 Million |
| 2021 | 28.45% | 9.95% | 1.00x | 2.85x | Rs933.49 Million |
| 2022 | 24.83% | 10.35% | 0.97x | 2.48x | Rs972.09 Million |
| 2023 | 23.60% | 9.89% | 1.03x | 2.33x | Rs1.13 Billion |
| 2024 | 19.26% | 8.35% | 0.96x | 2.41x | Rs942.28 Million |
| 2025 | 17.20% | 7.59% | 0.92x | 2.47x | Rs870.22 Million |
Industry Comparison
This section compares ION Exchange (India) Limited's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $400,989,000
- Average return on equity (ROE) among peers: 6.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ION Exchange (India) Limited (IONEXCHANG) | Rs12.95 Billion | 2.42% | 1.40x | $526.99 Million |
| Banka BioLoo Limited (BANKA) | $400.99 Million | 6.33% | 0.63x | $9.67 Million |
About ION Exchange (India) Limited
Ion Exchange (India) Limited, together with its subsidiaries, provides water and environmental management solutions in India and internationally. It operates through Engineering, Chemicals, and Consumer Products segments. The company offers raw water, process, post, and drinking water treatment; waste water, water recycling, and zero liquid discharge systems; sludge dewatering and waste to energy… Read more