Case study

IONEXCHANG

Ion Exchange (India) Limited

Tread carefully1y model +6.7%

Each stock's 10,000-path forecast, rendered as light.

41Score

Ion Exchange (India) Limited (IONEXCHANG) Stock Analysis & Case Study

Is IONEXCHANG a good buy? The data-driven verdict.

Ion Exchange (India) Limited (IONEXCHANG) trades at ₹372,on the numbers it tread carefully, a Downstox Snapshot Score of 41/100.

On the numbers, Ion Exchange (India) Limited (IONEXCHANG) tread carefully, a Downstox Snapshot Score of 41/100, weighing expensive at 49.5× earnings, ROE of 12.1%, a 57% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

IONEXCHANG fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹5,450 Cr
Current price
₹372
P/E ratio
49.5×
P/B ratio
4.07×
Book value
₹91
Dividend yield
0.34%
ROCE
14.1%
ROE
12.1%
Piotroski F-Score
5/8

How IONEXCHANG ranks against the 2,374 companies in our screener

Is IONEXCHANG overvalued? IONEXCHANG P/E vs peers

IONEXCHANG trades at 49.5× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

IONEXCHANG share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of IONEXCHANG history (24%/yr drift, 38%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
IONEXCHANG 2027₹243₹396₹647+7%
IONEXCHANG 2028₹212₹423₹845+14%
IONEXCHANG 2029₹193₹451₹1,056+21%
IONEXCHANG 2030₹181₹482₹1,280+30%
IONEXCHANG 2031₹173₹514₹1,526+38%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability IONEXCHANG goes up, or doubles?

57%
Higher in 1 year
Modelled chance the price is above today in 12 months
65%
Higher in 5 years
Modelled chance the price is above today in 5 years
33%
Doubles in 5 years
Modelled chance of reaching ₹743 within 5 years

The bull case for IONEXCHANG

  • IONEXCHANG's return on equity of 12.1% ranks in the 60th percentile of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,056.

The bear case & risks

  • IONEXCHANG's P/E of 51.4x is lower than 26% of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹193.

IONEXCHANG volatility & expected range, how bumpy is the ride?

Over the last 9.8 years IONEXCHANG compounded at 24%/year with annualized volatility of 38%. That volatility implies a 1-year 80% range of ₹243-₹647, the honest backbone behind any single price target.

IONEXCHANG price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
6.7%
80% range₹243-₹647
P(price ↑)57%
P(price 2×)5%
3-Year Forecast
2029
₹0
Median (P50)
21.5%
80% range₹193-₹1,056
P(price ↑)61%
P(price 2×)23%
5-Year Forecast
2031
₹0
Median (P50)
38.3%
80% range₹173-₹1,526
P(price ↑)65%
P(price 2×)33%

IONEXCHANG price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
IONEXCHANG simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds IONEXCHANG hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the IONEXCHANG price target & forecast page.

IONEXCHANG Piotroski F-Score: 5/8, how financially strong is it?

5/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. IONEXCHANG scores 5/8, mixed financial health.

IONEXCHANG MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy IONEXCHANG with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox35.00%2.9×
Zerodha34.54%2.9×
Groww34.54%2.9×
Dhan34.54%2.9×
Kotak Neo34.97%2.9×
Paytm Money34.54%2.9×
Pocketful34.55%2.9×
Fyers34.48%2.9×
Anand Rathi34.54%2.9×
Bajaj Broking35.00%2.9×
Share IndiaCHEAPEST34.22%2.9×

Compare every broker on the IONEXCHANG MTF page.

About Ion Exchange (India) Limited: sector, index & market-cap context

Ion Exchange (India) Limited (IONEXCHANG) is a small-cap NSE-listed company, with a market capitalisation of ₹5,450 Cr. See more stocks on our screener.

How the IONEXCHANG Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Ion Exchange (India) Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

IONEXCHANG analysis, FAQs

Is Ion Exchange (India) Limited (IONEXCHANG) a good buy?

On the numbers, Ion Exchange (India) Limited (IONEXCHANG) tread carefully, a Downstox Snapshot Score of 41/100, weighing expensive at 49.5× earnings, ROE of 12.1%, a 57% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is IONEXCHANG overvalued or undervalued?

IONEXCHANG trades at 49.5× earnings, expensive versus the ~22× long-run Nifty average.

What is the IONEXCHANG share price target for 2031?

IONEXCHANG's probability-weighted 2031 median target is ₹514, with an 80% range of ₹173-₹1,526 (10,000-path Monte-Carlo).

What is the probability IONEXCHANG doubles in 5 years?

The modelled probability of IONEXCHANG reaching ₹743 (2×) within 5 years is 33%.

What is the bull case for IONEXCHANG?

IONEXCHANG's return on equity of 12.1% ranks in the 60th percentile of the 2,374 NSE companies in our screener, as of 10 Aug 2026.

What are the risks in IONEXCHANG?

IONEXCHANG's P/E of 51.4x is lower than 26% of the 2,374 NSE companies in our screener, as of 10 Aug 2026.

More on IONEXCHANG