CMP: 123

Ion Exchange (India) Ltd manufactures and distributes water treatment equipment and products, which are used for a variety of treatment and conservation applications. The Group's products include water treatment chemicals, exchange resins, ultra filtration and nano-filtration membranes. Ion also supplies bottled water, eco-friendly horticulture and total water management services.

Ion Exchange is a 168 Crore penny cap stock. Its currently trading at a P/E of 13 with dividend yields of almost 2% in the last 12 months. It runs at a debt of 40 Crores with 12 Crores Cash in hand. Revenues have risen steadily from 406 Crores to 573 Crores in the last 5 years. Profits have fluctuated and risen from 6 Crores to 12 Crores in the last 5 years. 2012 has been in-line with 2011. Buy and book profits when Nifty peaks.