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
Objective is to move higher towards
3.618% - 4.236% and 4.618%
#Probability
#IEX
— MaRkET WaVES (DINESH PATEL ) Stock Market FARMER (@idineshptl) April 20, 2021
On sustain rise above 347 upside shown in chart up to 4.618%(521)
And 6.857%(718).
View valid till 233 not violated. @UdayJad39389920 pic.twitter.com/I2MoPlwXRW
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