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Indian Energy Exchange Ltd

Indian Energy Exchange Ltd

IEX Share Price

NSE
115.461.85% (+2.10)
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With a market cap of ₹10,267 cr, stock is ranked 594

Stock is 2.37x as volatile as Nifty

IEX Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹10,267 cr, stock is ranked 594

Stock is 2.37x as volatile as Nifty

IEX Performance & Key Metrics

IEX Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
20.257.523.04%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
25.932.841.24%

IEX Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
50%
Analysts have suggested that investors can buy this stock

from 10 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

IEX Company Profile

Indian Energy Exchange operates as a power exchange. It offers an online electricity trading platform for trading, clearing, and settlement operations.

Investor Presentation

View older View older 

Jul 24, 2026

PDF
View Older Presentations
PE Ratio
98.04
98.04
1Y Return
55.34%
55.34%
Buy Reco %
100.00
100.00
PE Ratio
7.64
7.64
1Y Return
10.34%
10.34%
Buy Reco %
0.00
0.00
PE Ratio
78.17
78.17
1Y Return
85.35%
85.35%
Buy Reco %
0.00
0.00
PE Ratio
-22.16
-22.16
1Y Return
53.30%
53.30%
Buy Reco %
0.00
0.00
Compare with Peers

IEX Sentiment Analysis

IEX Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

IEX Stock Summary · July 2026

Management described a year of strong trading growth, expanding market breadth and a busy product pipeline, while also flagging regulatory and execution uncertainties. Electricity trade volume rose 17% in FY26 to 141 billion units, with revenue up 13.6% to Rs 747 crore and PAT up about 15% to Rs 492 crore; in the June quarter, volume climbed 16% year on year to 37.5 billion units and PAT reached Rs 134.8 crore. A major emphasis was the rise of the real-time market, which grew 41% in FY26 and is now roughly comparable to the day-ahead market, alongside a broader shift toward G-DAM, green products and newer segments that together have reduced reliance on day-ahead trading. Management also pointed to improving battery arbitrage economics, the emergence of FDRE and contract-for-difference structures, and the creation of a potentially large coal exchange market as new avenues for liquidity and price discovery. Near term, the company is awaiting approvals on several products, expects carbon trading to begin within the current calendar year, and is still contesting market coupling, which management said adds regulatory uncertainty.

IEX Stock Growth Drivers
IEX Stock Growth Drivers
11
  • Strong Macro Demand and Renewable Transition Tailwind

    India’s power market is benefiting from a strong macro and structural demand backdrop, with GDP

  • Real-Time Market Leadership and Electricity Volume Growth

    The core electricity exchange business delivered strong operating momentum, with FY26 electricity trade up 17%

IEX Stock Challenges
IEX Stock Challenges
6
  • Market Coupling Regulatory and Implementation Risk

    The company faces significant uncertainty around market coupling, especially for the Day-Ahead Market and potentially

  • Solar Evacuation Constraints and Renewable Curtailment

    Structural bottlenecks continue to limit the delivery of solar generation, particularly in intrastate pockets where

IEX Forecast

IEX Forecasts

Price

Revenue

Earnings

IEX

IEX

Income

Balance Sheet

Cash Flow

IEX Income Statement

IEX Income Statement

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Quartermar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026jun 2026
Total Revenue151.37158.05170.65164.47178.82190.86187.79187.24200.85210.53
Operating & Other expensessubtract16.7124.2219.5018.9420.9326.4520.4723.7324.9426.95
Depreciation/Amortizationsubtract5.225.245.335.415.275.455.696.056.136.01
Interest & Other Itemssubtract0.720.670.660.670.610.580.530.520.650.77
Taxes & Other Itemssubtract32.0331.4836.8432.1534.8937.7037.7537.8339.3642.04
EPS1.091.081.221.211.321.361.391.341.451.52

IEX Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2027FY 2027

Annual Report Pending

Investor Presentation

Jul 24PDF
FY 2026FY 2026

Annual report

PDF

Investor Presentation

Apr 23PDF
Jan 29PDF
Oct 30PDF
Jul 24PDF
FY 2025FY 2025

Annual report

PDF

Investor Presentation

Apr 24PDF
Jan 23PDF
Oct 24PDF
Sep 11PDF
FY 2024FY 2024

Annual report

PDF

Investor Presentation

Aug 7PDF
FY 2023FY 2023

Annual report

PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
 

IEX Stock Peers

IEX Past Performance & Peer Comparison

IEX Past Performance & Peer Comparison

Comparing 3 stocks from 
UtilitiesPower Trading & Consultancy

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Indian Energy Exchange Ltd20.837.523.04%
Quality Power Electrical Equipments Ltd98.0420.040.07%
PTC India Limited7.640.665.44%
Lord's Mark Industries Ltd78.17-1,543.47

IEX Stock Price Comparison

Compare IEX with any stock or ETF
Compare IEX with any stock or ETF
IEX
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IEX Holdings

IEX Shareholdings

IEX Promoter Holdings Trend

IEX Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

IEX Institutional Holdings Trend

IEX Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 1.53%

Tickertape Separator

IEX Shareholding Pattern

IEX Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%24.21%7.26%12.63%55.91%

Sep 2025

Dec 2025

Mar 2026

Jun 2026

IEX Shareholding History

IEX Shareholding History

MarJunSepDec '25MarJun16.12%18.53%13.19%11.41%14.16%12.63%

Mutual Funds Invested in IEX

Mutual Funds Invested in IEX

No mutual funds holding trends are available

Top 5 Mutual Funds holding Indian Energy Exchange Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
9.9378%0.69%-0.05%26/130 (+1)
2.1453%0.58%-0.04%65/93 (-3)
1.3112%0.28%-0.01%87/101 (-12)

Compare 3-month MF holding change on Screener

IEX Insider Trades & Bulk Stock Deals

IEX Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing IEX stock

smallcases containing IEX stock

Looks like this stock is not in any smallcase yet.

IEX Events

IEX Events

IEX Dividend Trend

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 3.04%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹30.40 every year

Dividends

Corp. Actions

Announcements

Legal Orders

IEX Dividend Trend

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 3.04%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹30.40 every year

IEX Upcoming Dividends

IEX Upcoming Dividends

No upcoming dividends are available

IEX Past Dividends

IEX Past Dividends

Cash Dividend

Ex DateEx DateMay 15, 2026

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

May 15, 2026

Cash Dividend

Ex DateEx DateFeb 4, 2026

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Feb 4, 2026

Cash Dividend

Ex DateEx DateMay 16, 2025

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

May 16, 2025

Cash Dividend

Ex DateEx DateJan 31, 2025

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Jan 31, 2025

Cash Dividend

Ex DateEx DateMay 31, 2024

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

May 31, 2024

IEX Stock News & Opinions

IEX Stock News & Opinions

Corporate
Corporate
Indian Energy Exchange names Alok Kumar Jha Head-Business Development, effective August 2026

Indian Energy Exchange announced the appointment of Mr. Alok Kumar Jha as Head-Business Development (Senior Vice President), effective August 13, 2026, classifying him as Senior Management Personnel. Mr. Jha brings over 29 years of experience in the energy, renewable energy, power, and transportation sectors, previously holding leadership positions at INOX Wind, GE Power, Alstom Transport, and Bombardier Transport India.

1 month agoCapital Market - Live
Corporate
Corporate
IEX sees 7.7% rise in July electricity volume to 13,527 MUs year-on-year

Indian Energy Exchange (IEX) recorded a monthly electricity traded volume of 13,527 megawatt-hours (MUs) in July 2026, a 7.7% increase year-on-year, according to a media release. The Real-Time Market volume increased to 5,631 MUs in July 2026, from 5,109 MUs in July 2025, registering an increase of 10.2% year-on-year, while the Day-Ahead Market volume declined by 7.7% year-on-year to 5,087 MUs. A total of 7.11 lakh Renewable Energy Certificates were traded during the month, though REC volumes declined 56.3% year-on-year.

1 month agoCapital Market - Live
Spotlight
Spotlight
IEX rises after Q1 PAT climbs 12% YoY to Rs 135 cr

Revenue from operations increased 11.37% YoY to Rs 157.87 crore in Q1 FY27. Profit before tax (PBT) climbed 11.62% YoY to Rs 176.80 crore in Q1 FY27. Electricity traded volume stood at 37.5 billion units (BUs) in Q1 FY27, registering a 15.9% year-on-year growth, supported by higher power demand during the summer season. On the power sector front, during the quarter, India experienced hotter-than-normal summer marked by persistent heatwaves and above-normal temperatures. Peak power demand touched a record 270.8 GW in May 2026, while the country's electricity consumption rose 8.8% year-on-year to 485.4 BUs during Q1 FY27, creating favourable conditions for power trading. On the gas market front, the Indian Gas Exchange (IGX) traded gas volumes of 27.5 Million MMBtu in Q1 FY27, a growth of 11.9% over Q1 FY26. IGX reported a profit after tax of Rs 16.3 crore, registering a 15.5% increase over Rs 14.1 crore reported in Q1 FY26. IGX filed its draft red herring prospectus (DRHP) for a proposed initial public offering (IPO) on 14 July 2026. IEX currently holds a 47.3% stake in IGX and, in line with Petroleum and Natural Gas Regulatory Board (PNGRB) regulations, plans to reduce its holding to 25% through an offer for sale (OFS) of a 22.3% equity stake The International Carbon Exchange (ICX) issued 42.4 lakh International Renewable Energy Certificates (I-RECs) during Q1 FY27 compared with 44.4 lakh in the corresponding quarter last year. Despite lower issuances, ICX's revenue increased 16.1% year-on-year to Rs 2.1 crore from Rs 1.8 crore. Indian Energy Exchange (IEX) is India's premier electricity exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Earnings
Indian Energy Exchange consolidated net profit rises 11.65% in the June 2026 quarter

Net profit of Indian Energy Exchange rose 11.65% to Rs 134.76 crore in the quarter ended June 2026 as against Rs 120.70 crore during the previous quarter ended June 2025. Sales rose 11.38% to Rs 157.88 crore in the quarter ended June 2026 as against Rs 141.75 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales157.88141.75 11 OPM %82.9381.35 - PBDT182.81163.84 12 PBT176.80158.39 12 NP134.76120.70 12 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Corporate
Indian Energy Exchange announces board meeting date

Indian Energy Exchange will hold a meeting of the Board of Directors of the Company on 23 July 2026.

2 months agoCapital Market - Live
Corporate
Corporate
IEX achieves 15.9% growth in electricity traded volumes in Q1 FY27

Indian Energy Exchange for the first quarter of the fiscal year 2027, achieved electricity traded volume of 37,534 MU, marking a 15.9% year on year increase. The Market Clearing Price in the Day-Ahead Market at Rs 5.1/unit during Q1 FY'27 increased 15.7% compared to Q1 FY'26. Similarly, the Market Clearing Price in the Real-Time Market at Rs 4.5/unit during Q1 FY'27 increased 13.8% compared to Q1FY'26. A total of 9.77 lakh Renewable Energy Certificates were traded during the quarter, though REC volumes declined 81.4% year-on-year. During the first quarter of this financial year, India experienced hotter-than-normal summer marked by persistent heatwaves and above-normal temperatures and India's peak power demand surged to an all-time high of 270.8 GW in May 2026. Consequently, country's energy consumption touched 485.4 BUs in Q1FY'27, registering a year-on-year growth of 8.8%. In June'26, IEX achieved a monthly electricity traded volume of 12,210 MU, a 12.5% increase year-on-year. A total of 2.49 lakh Renewable Energy Certificates were traded during the month, though REC volumes declined 92.3% year-on-year According to government data published in June 2026, the country's energy consumption reached 166.5 BUs, reflecting an 11.6% year-on-year growth due to heat waves and the late onset of monsoon. India witnessed its driest June in over a decade, with the Southwest monsoon rainfall ending the month nearly 40% below the long-period average. The surge in power demand pushed prices higher in the DAM and RTM segments. The Market Clearing Price in the Day Ahead Market at Rs5.2/unit during June 2026, increased 32.4%year-on-year.Similarly, the Market clearing price in the Real Time Market at Rs4.4/unit during June 2026, increased 17% year-on-year. The Day-Ahead Market (DAM) including HPDAM achieved13,344 MU volume in Q1FY'27 as compared to 12,399 MU volume in Q1 FY '26, increase of 7.6% YoY. The DAM segment including HPDAM achieved 4,304 MU volume in June'26 as compared to 4,610 MU volume in June'25, decline of 6.6% YoY. The Real-Time Electricity Market (RTM) volume increased to 16,019 MU in Q1 FY '27 as compared to 12,975 MU in Q1FY '26, increase of 23.5% YoY. RTM volume increased to 5,420 MUinJune'26, from 4,312 MU in June'25, registering an increase of 25.7% YoY. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of HPTAM, contingency, daily & weekly and monthly contracts up to 3 months, traded 5,344 MU in Q1 FY '27 as compared to 4,348 MU in Q1FY'26,increase of 22.9% YoY. The total volume on the segment during June'26 was 1,533 MU as compared to 966 MU in June'25, increase of 58.7% YoY. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, during Q1FY'27, achieved volume of 2,827 MU, an increase of 6.3% over Q1FY'26. The segment achieved 953 MU volume during June'26 as compared to 964 MU in June'25, registering a marginal decline of 1.2% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for June'26 was Rs 3.79/unit. A total of 9.77 lakh RECs were traded during Q1FY'27,declineof81.4% YoY. Sell bids declined by 86.1% YoY, leading to a rise in clearing prices during Q1FY'27. A total of 2.49 lakh RECs were traded in the trading sessions held on 10th June'26 and 24th June'26, at a clearing price of Rs.400/REC and Rs. 395/REC respectively. REC traded volume in June'26 decreased by 92.3% on YoY basis. Sell bids declined by 85.9% YoY, leading to a rise in clearing prices during June'26. The next REC trading sessions at the Exchange are scheduled on 08th July'26 and 29th July'26.

2 months agoCapital Market - Live
Spotlight
Spotlight
IEX gains after electricity volumes jumps 19% YoY in May'26

During the month, the company has traded 6.10 lakh renewable energy certificates, recording a 65% YoY increase. According to government data released in May 2026, India's electricity consumption rose 11.5% year-on-year to 164.98 billion units, reflecting robust power demand across the country. The Day-Ahead Market (DAM) registered a traded volume of 4,417 MU in May 2026, compared with 3,535 MU in May 2025, representing a growth of 24.9% year-on-year. The Real-Time Electricity Market (RTM) achieved a volume of 5,529 MU during the month, up 15.9% from 4,770 MU recorded in the year-ago period. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 1,034 MU volume during May'26 as compared to 915 MU in May'25, increase of 13% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for May'26 was at Rs 3.60/ unit, remaining largely flat on a year-on-year basis. A total of 6.10 lakh RECs were traded in May '26, down 65% YoY. Trading sessions were held on 13th May'26 and 29th May'26, with clearing price of Rs 400/REC. Sell bids declined by 85.3% YoY, leading to a rise in clearing prices during May2026. The next REC trading sessions at the Exchange are scheduled on 10th June'26 and 24th June'26 Indian Energy Exchange (IEX) is India's premier electricity exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates. The company has reported 10.8% rise in consolidated net profit to Rs 129.77 crore on a 22.5% increase in net sales to Rs 174.30 crore in Q4 FY26 as compared with Q4 FY25. Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Spotlight
IEX electricity volume climbs 9% YoY to 12,983 MU in May'26

During the month, the company has traded 6.10 lakh renewable energy certificates, recording a 65% YoY increase. According to government data released in May 2026, India's electricity consumption rose 11.5% year-on-year to 164.98 billion units, reflecting robust power demand across the country. The Day-Ahead Market (DAM) registered a traded volume of 4,417 MU in May 2026, compared with 3,535 MU in May 2025, representing a growth of 24.9% year-on-year. The Real-Time Electricity Market (RTM) achieved a volume of 5,529 MU during the month, up 15.9% from 4,770 MU recorded in the year-ago period. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 1,034 MU volume during May'26 as compared to 915 MU in May'25, increase of 13% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for May'26 was at Rs 3.60/ unit, remaining largely flat on a year-on-year basis. A total of 6.10 lakh RECs were traded in May '26, down 65% YoY. Trading sessions were held on 13th May'26 and 29th May'26, with clearing price of Rs 400/REC. Sell bids declined by 85.3% YoY, leading to a rise in clearing prices during May2026. The next REC trading sessions at the Exchange are scheduled on 10th June'26 and 24th June'26 Indian Energy Exchange (IEX) is India's premier electricity exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates. The company has reported 10.8% rise in consolidated net profit to Rs 129.77 crore on a 22.5% increase in net sales to Rs 174.30 crore in Q4 FY26 as compared with Q4 FY25. The counter fell 1.60% to settle at Rs 123.20 on the BSE.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Corporate
IEX incorporates WoS - Indian Coal Exchange

Indian Energy Exchange has incorporated a wholly owned subsidiary company in the name of 'Indian Coal Exchange' on 01 June 2026, having the Corporate Identity Number U66190DL2026PLC467125.

3 months agoCapital Market - Live
Corporate
Corporate
Board of Indian Energy Exchange recommends final dividend

Indian Energy Exchange announced that the Board of Directors of the Company at its meeting held on 23 April 2026, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 200%) , subject to the approval of the shareholders.

4 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. The share price of IEX as on 18th September 2026 is ₹115.46. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. The past returns of Indian Energy Exchange Ltd (IEX) share are
    • Past 1 week: -0.36%
    • Past 1 month: -7.34%
    • Past 3 months: -6.56%
    • Past 6 months: -6.18%
    • Past 1 year: -22.31%
    • Past 3 years: -13.19%
    • Past 5 years: -40.53%

  3. The current dividend yield of Indian Energy Exchange Ltd (IEX) is 3.04.

  4. Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Indian Energy Exchange Ltd (IEX) is ₹10267.86 Cr as of 18th September 2026.

  5. The 52-week high of Indian Energy Exchange Ltd (IEX) is ₹160.27 and the 52-week low is ₹110.35.

  6. The P/E (price-to-earnings) ratio of Indian Energy Exchange Ltd (IEX) is 20.83. The P/B (price-to-book) ratio is 7.52.

  7. Indian Energy Exchange Ltd (IEX) belongs to the Utilities sector & Power Trading & Consultancy sub-sector.

  8. You can directly buy Indian Energy Exchange Ltd (IEX) shares on Tickertape. Simply sign up, connect your demat account and place your order.