Ion Exchange (India) is engaged in a wide range of solutions across the water cycle from pre-treatment to process water treatment, waste water treatment, recycle, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination.
Ion Exchange (India) is engaged in a wide range of solutions across the water cycle from pre-treatment to process water treatment, waste water treatment, recycle, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination.
The company operated under three business segments; Engineering segment, Chemicals segment & Consumer Products. Based in Mumbai, the company has seven manufacturing & assembly facilities across India, and one each in Bangladesh, UAE, Bahrain and Indonesia.
In FY21:
The overall Sales fell by 2%
6% decline in chemicals
14% fall in consumer products
Engineering had a 0.2% growth
Even after fall in Sales Operating Profits grew by almost 50% YoY (Margin 13.96%)
Net Profit Margin of 9.89%

The margins improved based on increased degree of utilization of the clinical setup & improved efficiencies from increased scale of operations
There was favorable movement in raw material prices
The long-term debt reduced from INR 18.8 Cr. to INR 8 Cr

The company grabbed a Letter of Award and Contract from the government for rural drinking water supply to 1,000 villages in two districts of Uttar Pradesh worth INR 1,000 Cr
Expecting to setup a greenfield plant for its resin facility (Capex INR 100Cr+)
Order book of the company stands solid with INR 662 Cr. for Engineering projects, INR 5.4 Cr. for the Sri Lanka Project and INR 6000 Cr. for the Bid Pipeline
Increase their spending on R&D to add additional product lines
The primary competitor of Ion Exchange is VA Tech Wabag providing similar waste water treatment solutions.
Other peers like Thermax Ltd, Triveni Engineering & and Praj Industries Ltd have their water business segment constitute very low % of their revenue

More from Iex
#iex look how it reached the yellow line #hporb
closing above 428 would be swell https://t.co/uZj5paFe6Q
closing above 428 would be swell https://t.co/uZj5paFe6Q

from the analysis done few sessions ago for #iex Indian energy Exchange till now #hporb https://t.co/LnqCcCjxqq pic.twitter.com/tMcubrT6JP
— RB\U0001f4ab The Trend Trader (@usb_3Dot0) August 15, 2021
IEX - Added more in investment portfolio today. Perfect bounce back from the support. https://t.co/pACw24we1d

IEX Indian Energy Exchange - \u2b55\ufe0f\u2b55\ufe0f
— The_Chartist \U0001f4c8 (@nison_steve) July 20, 2021
although a must-have portfolio stock. Faced resistance right at the upper channel boundary. Volumes high. Any retracement back to the lower boundary will be an opportunity to accumulate. https://t.co/5uDsUXsbPP pic.twitter.com/Y6ZIXiwWUq
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Krugman is, of course, right about this. BUT, note that universities can do a lot to revitalize declining and rural regions.
See this thing that @lymanstoneky wrote:
And see this thing that I wrote:
And see this book that @JamesFallows wrote:
And see this other thing that I wrote:
One thing I've been noticing about responses to today's column is that many people still don't get how strong the forces behind regional divergence are, and how hard to reverse 1/ https://t.co/Ft2aH1NcQt
— Paul Krugman (@paulkrugman) November 20, 2018
See this thing that @lymanstoneky wrote:
And see this thing that I wrote:
And see this book that @JamesFallows wrote:
And see this other thing that I wrote: