ION Exchange (India) Limited — PPTs, 22-07-2025: Investor Presentation

**1. Financial Highlights:**

FY25 saw consolidated revenue of ₹2,737.1 Cr, Operating EBITDA of ₹293.9 Cr, and PAT of ₹208.3 Cr, reflecting strong 5-year CAGRs. While margins experienced a slight compression (EBITDA margin 10.74%, PAT margin 7.61%), the company remains net debt-free with a healthy working capital cycle (94 days). FY25 ROE stood at 18.7% and ROCE at 22.0%.

**2. Strategic Initiatives & Growth Drivers:**

Key growth strategies include commissioning a new resin manufacturing plant at Roha (Q2 FY25-26), expanding capacities, and advancing membrane technologies. The company aims for increased market penetration in engineering, chemicals, and consumer segments, with a strong focus on Zero Liquid Discharge (ZLD) and desalination projects.

**3. Business Developments:**

The Engineering segment holds a robust order book of approximately ₹2,762 Cr, with a significant bid pipeline of ₹8,834 Cr, indicating strong future revenue visibility. Ion Exchange continues to serve a diverse client base across industrial, institutional, and international sectors.

**4. Market Position & Competitive Advantage:**

Ion Exchange stands as Asia's largest one-stop water & environment solutions provider, leveraging over 61 years of expertise, 50+ patents, and a vast global footprint across 23 countries. Its extensive pan-India infrastructure and Asia's largest service network provide a significant competitive edge.

**5. Investor Implications:**

With a strong market position, healthy order book, and strategic emphasis on high-growth areas like ZLD and desalination, Ion Exchange presents positive growth potential. Investors should closely monitor margin trends amidst the company's consistent revenue expansion and significant bid pipeline.