Ion Exchange India vs Triveni Turbine: Share Price, PE, ROE Compared

Ion Exchange India vs Triveni Turbine is a comparison industrial engineering investors look up when evaluating two listed Indian engineering companies serving different industry segments. Ion Exchange India, a Mumbai-based company, is India's largest water treatment chemicals and systems company – providing ion exchange resins, water treatment plants, chemicals and O&M services. Triveni Turbine, a Bengaluru-based company, is India's largest steam turbine manufacturer for industrial co-generation and captive power plants (1-100 MW range). The Ion Exchange versus Triveni Turbine comparison has a remarkable coincidence: almost identical PE ratios (57.92x vs 57.71x) – but dramatically different ROE.

This Ion Exchange India vs Triveni Turbine article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Reach and Market Position

In this Ion Exchange India vs Triveni Turbine comparison, Ion Exchange provides ion exchange resins, water treatment plants (zero liquid discharge, desalination), chemicals and O&M services to industrial, municipal and utility customers. Market capitalisation is Rs 5,666 Cr.

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Triveni Turbine supplies steam turbines for industrial co-generation, sugar mills, paper mills, cement plants and captive power generation. Market capitalisation is Rs 20,161 Cr.

Key Products and Business Mix

For the Ion Exchange India vs Triveni Turbine product breakdown, Ion Exchange India: Ion Exchange earns from resin sales, water treatment system EPC and O&M contracts. EPS is Rs 6.67. PE is 57.92x, ROE 10.65 percent, D/E 0.36.

Triveni Turbine: Triveni Turbine earns from steam turbine manufacturing and after-market services. EPS is Rs 10.99. PE is 57.71x (near-identical to Ion Exchange!), ROE 24.18 percent, D/E 0.02, Div 0.71 percent.

Latest Results and Financial Data

On the Ion Exchange India vs Triveni Turbine results front: Ion Exchange has a market cap of Rs 5,666 Cr and PE of 57.92x. ROE is 10.65 percent. Triveni Turbine is 3.6 times larger than Ion Exchange.

Triveni Turbine has a market cap of Rs 20,161 Cr and PE of 57.71x – almost identical to Ion Exchange's 57.92x. ROE is 24.18 percent – significantly higher than Ion Exchange.

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Stock Performance and Valuation

Investors tracking the Ion Exchange India vs Triveni Turbine comparison should verify current prices on NSE or BSE before trading. The Ion Exchange India vs Triveni Turbine stock data below reflects the latest available figures from Groww and public company filings.

Ion Exchange India versus Triveni Turbine: near-identical PE ratios (57.92x vs 57.71x) but dramatically different ROE (10.65% vs 24.18%). Comparing Ion Exchange and Triveni Turbine, both trade at similar valuations but Triveni generates dramatically more capital-efficient returns.

Ion Exchange India vs Triveni Turbine: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter	Ion Exchange India	Triveni Turbine
Sector	Water treatment: resins + treatment plants + chemicals + O&M (India No.1)	Steam turbines: 1-100 MW for industrial cogen + captive power (India No.1)
Market Cap	Rs 5,666 Cr	Rs 20,161 Cr
P/E Ratio	57.92x	57.71x (near-identical!)
ROE	10.65%	24.18% (2.3x higher!)
Debt to Equity	0.36	0.02 (near zero)
Market Position	India's largest water treatment company	India's largest industrial steam turbine maker
Dividend Yield	0.31%	0.71%

Conclusion

The Ion Exchange India vs Triveni Turbine comparison above covers reach, products, results and valuation. Ion Exchange India versus Triveni Turbine shows two high-quality industrial engineering companies with almost identical PE ratios but dramatically different ROE. Triveni Turbine has exceptional capital efficiency (24.18% ROE, near-zero debt) while Ion Exchange has solid but lower returns (10.65%). The Ion Exchange and Triveni Turbine comparison is a perfect case study in comparing quality at similar valuations. Consult a SEBI-registered advisor for personalised guidance.

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Frequently Asked Questions

What does Ion Exchange India do?

Ans. Ion Exchange India makes ion exchange resins (for water softening, demineralisation), provides turnkey water treatment plant EPC (zero liquid discharge, RO, desalination) and offers operations and maintenance services for water plants.

What does Triveni Turbine make?

Ans. Triveni Turbine manufactures steam turbines from 1 MW to 100 MW capacity for industrial co-generation (sugar mills, paper mills, cement plants) and captive power generation. It is India's largest industrial steam turbine maker.

What is co-generation in industry?

Ans. Co-generation (combined heat and power) refers to producing electricity and useful heat simultaneously from the same fuel. Industrial plants (sugar mills, paper mills) use steam turbines to generate captive power while using steam for process heating.

Why do both have similar PE ratios?

Ans. Ion Exchange (PE 57.92x) and Triveni Turbine (PE 57.71x) have near-identical PE ratios – a coincidence rather than a deliberate market signal. Both are high-quality industrial leaders commanding premium valuations.

Which is larger, Ion Exchange or Triveni?

Ans. Triveni Turbine at Rs 20,161 Cr is approximately 3.6 times larger than Ion Exchange at Rs 5,666 Cr.

Does Triveni Turbine pay dividends?

Ans. Yes. Triveni Turbine pays approximately 0.71 percent dividend yield.

Are these companies in Nifty 50?

Ans. Neither is in Nifty 50.