Ion Exchange (India) IONEXCHANG
Semiconductors (Fab + ATMP): Ultra-pure water treatment systems for fab process use
Mapped in 2 themes: Semiconductors (Fab + ATMP) and Semicon 2.0 + Mobile Phones (MPMS).
Where Ion Exchange (India) sits in the supply chain
Ion Exchange (India) appears in 2 supply-chain layers across 2 themes: Semiconductors (Fab + ATMP) and Semicon 2.0 + Mobile Phones (MPMS).
Semiconductors (Fab + ATMP) › Cleanroom, Utilities & Ultra-Pure Water
Direct supplierUltra-pure water treatment systems for fab process use
View in the 3D map →Semicon 2.0 + Mobile Phones (MPMS) › Plant build & utilities
Indirect supplierWater-treatment company that makes ultra-pure water (UPW) and zero-discharge systems
View in the 3D map →Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 2,348 | 2,737 | 2,915 |
| Net profit | 195 | 208 | 143 |
Latest-year revenue ₹2,915 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Semiconductors (Fab + ATMP)
- Decades of specialised water-treatment and ultra-pure water system expertise give it a qualification edge for fab-grade UPW systems that generalist infrastructure players lack
Risks · in Semiconductors (Fab + ATMP)
- Semiconductor ultra-pure water systems are a small, undisclosed slice of a broader water-treatment business
- Smaller-cap name with a less diversified revenue base than larger industrial peers
Common questions
What does Ion Exchange (India) do?
In Semiconductors (Fab + ATMP): Ultra-pure water treatment systems for fab process use. NextResearch maps it in 2 supply chains: Semiconductors (Fab + ATMP) and Semicon 2.0 + Mobile Phones (MPMS).
Where does Ion Exchange (India) sit in the supply chain?
Ion Exchange (India) (NSE: IONEXCHANG) is mapped in 2 supply-chain layers: Cleanroom, Utilities & Ultra-Pure Water (Semiconductors (Fab + ATMP)); and Plant build & utilities (Semicon 2.0 + Mobile Phones (MPMS)).
Who are Ion Exchange (India)'s peers?
In the Cleanroom, Utilities & Ultra-Pure Water layer of Semiconductors (Fab + ATMP): Blue Star and Thermax.
What is Ion Exchange (India)'s market cap and valuation?
As of 30 Oct 2026: market cap ₹4,966 Cr, P/E 45.1x, ROCE 14.2%, ROE 12.0%, dividend yield 0.37%.