ion exchange is an incredibly amazing company, no two-ways about that however valuations are surpassingly piercing through the roof. moreover fundamentally speaking, one must not ignore the fact that engineering/water division which contributes about ~70% (q4fy23) to overall revenue pie got ferociously impacted as margins in the said segment nosedived ~1050 bps and the same is likely to weigh negatively in the ensuing quarters too!!
lopsidedly overvalued — its high time fellow investors