ION Exchange (India) Limited (IONEXCHANG) - Net Assets

Latest as of March 2026: Rs13.40 Billion INR ≈ $144.95 Million USD

Based on the latest financial reports, ION Exchange (India) Limited (IONEXCHANG) has net assets worth Rs13.40 Billion INR (≈ $144.95 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs33.80 Billion ≈ $365.53 Million USD) and total liabilities (Rs20.40 Billion ≈ $220.58 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 IONEXCHANG tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs13.40 Billion
% of Total Assets	39.66%
Annual Growth Rate	13.95%
5-Year Change	104.68%
10-Year Change	556.25%
Growth Volatility	12.19

ION Exchange (India) Limited - Net Assets Trend (2006–2026)

This chart illustrates how ION Exchange (India) Limited's net assets have evolved over time, based on quarterly financial data. See IONEXCHANG cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for ION Exchange (India) Limited (2006–2026)

The table below shows the annual net assets of ION Exchange (India) Limited from 2006 to 2026. For live valuation and market cap data, see ION Exchange (India) Limited (IONEXCHANG) market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs13.40 Billion ≈ $144.95 Million	+10.82%
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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs142.30 Million	1.06%
Other Components	Rs13.25 Billion	98.94%
Total Equity	Rs13.39 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
Tianyang Hot Mel SHG:603330	$491.31 Million
Huamei Holding SHE:000607	$491.44 Million
INPAQ Technology Co Ltd TWO:6284	$491.49 Million
Xiamen Xindeco Ltd SHE:000701	$491.49 Million
XiAn Catering Co Ltd SHE:000721	$491.29 Million
Queen's Road Capital Investment Ltd. TO:QRC	$490.91 Million
Altia Consultores S.A. MC:ALC	$490.81 Million
Beijing Yuanlong Yato Culture Dissemination Co Ltd SHE:002878	$490.72 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 2025 to 2026, total equity changed from 12,078,800,000 to 13,390,300,000, a change of 1,311,500,000 (10.9%).
Net income of 1,426,700,000 contributed positively to equity growth.
Dividend payments of 193,600,000 reduced retained earnings.
Other comprehensive income decreased equity by 357,498,000.
Other factors increased equity by 435,898,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs1.43 Billion	+10.65%
Dividends Paid	Rs193.60 Million	-1.45%
Other Comprehensive Income	Rs-357.50 Million	-2.67%
Other Changes	Rs435.90 Million	+3.26%
Total Change	Rs-	10.86%

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: 3.27x
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 43.39x to 3.27x 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	Rs369.55	x
2007-03-31	Rs8.59	Rs369.55	x
2008-03-31	Rs8.87	Rs369.55	x
2009-03-31	Rs9.06	Rs369.55	x
2010-03-31	Rs8.74	Rs369.55	x
2011-03-31	Rs9.43	Rs369.55	x
2012-03-31	Rs10.21	Rs369.55	x
2013-03-31	Rs10.44	Rs369.55	x
2014-03-31	Rs10.76	Rs369.55	x
2015-03-31	Rs10.83	Rs369.55	x
2016-03-31	Rs11.79	Rs369.55	x
2017-03-31	Rs13.93	Rs369.55	x
2018-03-31	Rs17.30	Rs369.55	x
2019-03-31	Rs22.48	Rs369.55	x
2020-03-31	Rs31.11	Rs369.55	x
2021-03-31	Rs42.67	Rs369.55	x
2022-03-31	Rs55.31	Rs369.55	x
2023-03-31	Rs70.31	Rs369.55	x
2024-03-31	Rs85.86	Rs369.55	x
2025-03-31	Rs101.88	Rs369.55	x
2026-03-31	Rs112.95	Rs369.55	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): 10.65%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.89%
• Asset Turnover: 0.86x
• Equity Multiplier: 2.52x
Recent ROE (10.65%) is below the historical average (12.88%), suggesting potential challenges in 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
2026	10.65%	4.89%	0.86x	2.52x	Rs87.67 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)	Rs13.40 Billion	2.42%	1.52x	$491.30 Million
Banka BioLoo Limited (BANKA)	$400.99 Million	6.33%	0.63x	$10.62 Million

About ION Exchange (India) Limited

NSE:IONEXCHANG India Pollution & Treatment Controls

Market Cap

$491.30 Million

Rs45.43 Billion INR

Market Cap Rank

#12480 Global

#610 in India

Share Price

Rs369.55

Change (1 day)

-1.78%

52-Week Range

Rs317.25 - Rs567.90

All Time High

Rs730.49