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Indian Energy Exchange Ltd

IEX Share Price

127.691.13% (+1.43)
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With a market cap of ₹11,228 cr, stock is ranked 511

Stock is 3.79x 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 ₹11,228 cr, stock is ranked 511

Stock is 3.79x as volatile as Nifty

IEX Performance & Key Metrics

IEX Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
23.389.882.38%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
21.682.781.44%

IEX Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
38%
Analysts have suggested that investors can buy this stock

from 8 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 

Jan 29, 2026

PDF
View Older Presentations
PE Ratio
87.03
87.03
1Y Return
97.07%
97.07%
Buy Reco %
100.00
100.00
PE Ratio
5.78
5.78
1Y Return
30.23%
30.23%
Buy Reco %
0.00
0.00
PE Ratio
61.10
61.10
1Y Return
28.84%
28.84%
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 · November 2025

India's robust economic growth, marked by a 7.8% GDP increase in Q1 FY '26, is fostering a favorable environment for the energy sector, despite moderate electricity demand growth of 3.4% in Q2. The ongoing regulatory changes, including proposed amendments to the Draft Electricity Act and the introduction of Virtual Power Purchase Agreements, are expected to enhance market competitiveness and stimulate trading activity. However, IEX faces challenges with revenue growth lagging behind a 16% increase in traded volumes, primarily due to lower realization rates and reduced transaction fees. The integration of battery storage solutions and the anticipated establishment of a coal exchange further indicate a proactive approach to market development, while optimism remains regarding future demand driven by electrification and renewable energy initiatives.

IEX Stock Growth Drivers
IEX Stock Growth Drivers
7
  • Strong Financial Performance

    In Q2 FY '26, the Indian Energy Exchange (IEX) reported significant growth in its financial

  • Regulatory and Market Developments

    The Central Electricity Regulatory Commission (CERC) has introduced several regulatory updates aimed at enhancing market

IEX Stock Challenges
IEX Stock Challenges
6
  • Flat Power Demand Growth

    In the first half of FY '26, power demand growth was flat, with a slight

  • Declining Revenue from Renewable Energy Certificates

    The company reported a significant decline of 53% in revenue from Renewable Energy Certificates (RECs),

IEX Forecast

IEX Forecasts

Price

Revenue

Earnings

IEX

IEX

Income

Balance Sheet

Cash Flow

IEX Income Statement

IEX Income Statement

Industry refers to the sub-sector this company belongs to.
Higher than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 17.71%, vs industry avg of 5.66%

Increasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 1.61% to 2.71%

Lower than Industry Net Income
Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 19.55%, vs industry avg of 29.36%

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Financial YearFY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue294.16297.40356.23491.83487.35561.74672.00744.71
Raw Materialssubtract0.000.000.000.000.000.000.0091.58
Power & Fuel Costsubtract0.460.500.290.190.200.180.19
Employee Costsubtract24.8333.2344.3841.7634.6539.0146.14
Selling & Administrative Expensessubtract19.2215.1716.7312.5515.5714.6213.47
Operating & Other expensessubtract6.756.075.8212.8814.0618.4823.79
Depreciation/Amortizationsubtract10.4215.2416.5117.2318.5920.4721.2522.46
Interest & Other Itemssubtract0.731.572.051.972.462.832.622.24
Taxes & Other Itemssubtract66.7149.9064.3695.9995.94115.36135.36148.17
EPS1.821.952.303.453.423.934.815.39
DPS0.000.831.332.501.002.503.003.00
Payout ratio0.000.430.580.720.290.640.620.56

IEX Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

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
Jul 27PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

May 25PDF
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 Ltd26.169.882.38%
Quality Power Electrical Equipments Ltd87.039.700.13%
PTC India Ltd5.780.776.66%
Rattanindia Enterprises Ltd61.105.58

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

Increased 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 increased by 2.29%

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 1.78%

Tickertape Separator

IEX Shareholding Pattern

IEX Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%27.12%7.83%11.41%53.64%

Mar 2025

Jun 2025

Sep 2025

Dec 2025

IEX Shareholding History

IEX Shareholding History

SepDec '24MarJunSepDec '2515.66%16.24%16.12%18.53%13.19%11.41%

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)
9.6533%0.81%-0.13%23/195 (-1)
3.1517%1.02%-0.21%54/98 (-1)
2.5406%0.79%-0.05%53/80 (-7)

Compare 3-month MF holding change on Screener

IEX Insider Trades & Bulk Stock Deals

IEX Insider Trades & Bulk Stock Deals

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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

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

IEX has shown inconsistent dividend trend over the last 5 years

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 2.38%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹23.82 every year

Dividends

Corp. Actions

Announcements

Legal Orders

IEX Dividend Trend

No Trend In Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

IEX has shown inconsistent dividend trend over the last 5 years

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 2.38%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹23.82 every year

IEX Upcoming Dividends

IEX Upcoming Dividends

No upcoming dividends are available

IEX Past Dividends

IEX Past Dividends

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

Cash Dividend

Ex DateEx DateFeb 2, 2024

Interim
Interim | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Feb 2, 2024

IEX Stock News & Opinions

IEX Stock News & Opinions

Corporate
IEX achieves highest ever monthly electricity traded volume of 13,050 MU in Jan'26

 Indian Energy Exchange achieved highest ever monthly electricity traded volume of 13,050 MU in January 2026, marking a 19.6% increase on year-on-year basis. At total of 23.91 lakh renewable energy certificates were traded during the month. Powered by Capital Market - Live

22 hours agoCapital Market - Live
Spotlight
IEX Q3 PAT rises 11% YoY to Rs 119 crore

Revenue from operations rose 10.31% year-on-year (YoY) to Rs 145.67 crore in the quarter ended 31 December 2025. Profit before tax (PBT) jumped 12.54% YoY to Rs 156.94 crore in Q3 FY26. On a nine-month basis, the company's consolidated net profit rose 16.36% YoY to Rs 363.14 crore in 9M FY26, while revenue from operations increased 11.72% YoY to Rs 441.34 crore. Meanwhile, the company's board of directors approved the payment of an interim dividend of Rs 1.50 per equity share for the financial year 2025'26. 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 counter shed 0.97% to Rs 127.55 on the BSE. Powered by Capital Market - Live

6 days agoCapital Market - Live
Earnings
Indian Energy Exchange consolidated net profit rises 11.02% in the December 2025 quarter

Net profit of Indian Energy Exchange rose 11.02% to Rs 119.11 crore in the quarter ended December 2025 as against Rs 107.29 crore during the previous quarter ended December 2024. Sales rose 10.31% to Rs 145.67 crore in the quarter ended December 2025 as against Rs 132.05 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales145.67132.05 10 OPM %83.7085.66 - PBDT162.98144.86 13 PBT156.94139.45 13 NP119.11107.29 11 Powered by Capital Market - Live

6 days agoCapital Market - Live
Corporate
Board of Indian Energy Exchange recommends Interim Dividend

Indian Energy Exchange announced that the Board of Directors of the Company at its meeting held on 29 January 2026, has recommended a Interim Dividend of Rs.1.50 per share (i.e.150%), subject to the approval of the shareholders.Powered by Capital Market - Live

6 days agoCapital Market - Live
Corporate
Indian Energy Exchange schedules board meeting

Indian Energy Exchange will hold a meeting of the Board of Directors of the Company on 29 January 2026.Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
IEX slides after APTEL defers hearing on power market coupling

The tribunal was hearing IEX's plea seeking the withdrawal of the Central Electricity Regulatory Commission's (CERC) July 2025 direction on day-ahead market (DAM) coupling. Market coupling is an economic model used in energy markets to create a single, uniform price for electricity across different trading platforms or exchanges, diluting IEX's dominant position. At the scheduled hearing on 9 January 2026, APTEL concluded proceedings for the day and deferred further hearing in the market coupling case to Monday, 19 January 2026. Ahead of the hearing, CERC issued a circular clarifying that its July 2025 communication should be treated as a 'direction' rather than an 'order.' In its petition, IEX has argued that the CERC direction is arbitrary, violates principles of natural justice, and would result in a loss of market share without delivering any tangible benefits. During an earlier hearing on 28 November, IEX had cited a Securities and Exchange Board of India (SEBI) report alleging that certain CERC officials had indulged in insider trading. Meanwhile, the company clarified that media reports on the market coupling issue were based on a routine hearing before APTEL and that no fresh order had been passed. IEX further stated that the stock price movement was market-driven and that all developments, including CERC's corrigendum to its earlier direction, had already been disclosed to the exchanges. 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's consolidated net profit jumped 13.9% to Rs 123.35 crore on 10.4% increase in revenue from operations to Rs 153.92 crore in Q2 FY26 over Q2 FY25.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Volumes spurt at Indian Energy Exchange Ltd counter

Hitachi Energy India Ltd, Elecon Engineering Company Ltd, Tejas Networks Ltd, Cera Sanitaryware Ltd are among the other stocks to see a surge in volumes on NSE today, 09 January 2026.Indian Energy Exchange Ltd notched up volume of 1992.1 lakh shares by 14:14 IST on NSE, a 7.31 fold spurt over two-week average daily volume of 272.70 lakh shares. The stock slipped 6.92% to Rs.139.70. Volumes stood at 241.7 lakh shares in the last session.Hitachi Energy India Ltd notched up volume of 6.35 lakh shares by 14:14 IST on NSE, a 6.16 fold spurt over two-week average daily volume of 1.03 lakh shares. The stock slipped 5.12% to Rs.17,500.00. Volumes stood at 1.82 lakh shares in the last session.Elecon Engineering Company Ltd witnessed volume of 107.41 lakh shares by 14:14 IST on NSE, a 4.99 times surge over two-week average daily volume of 21.52 lakh shares. The stock dropped 15.86% to Rs.423.50. Volumes stood at 24.19 lakh shares in the last session.Tejas Networks Ltd saw volume of 27.53 lakh shares by 14:14 IST on NSE, a 4.54 fold spurt over two-week average daily volume of 6.07 lakh shares. The stock dropped 5.33% to Rs.418.15. Volumes stood at 5.09 lakh shares in the last session.Cera Sanitaryware Ltd registered volume of 48470 shares by 14:14 IST on NSE, a 4.23 fold spurt over two-week average daily volume of 11453 shares. The stock slipped 1.25% to Rs.5,123.50. Volumes stood at 18631 shares in the last session.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
IEX records 17.7% YoY growth in electricity traded volume in Nov'25

Indian Energy Exchange (IEX) achieved monthly electricity traded volume (excluding TRAS) of 11,409 MU in November'25, marking an 17.7% increase on year-on-year basis. A total of 4.74 lakh Renewable Energy Certificates were traded during the month. According to government data published in November '25,the country's energy consumption reached 123.4 BUs, decline of nearly 1% compared to the previous year. Enhanced hydro, wind, and solar generation resulted in higher supply liquidity on the exchange platform, leading to a decline in DAM and RTM prices. The market clearing Price in the Day Ahead Market at Rs. 3.07/unit during November'25, declined 6.9% YoY. Similarly, price in the Real Time Market at Rs 3.14/unit during November' 25, declined 9.2% YoY. These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges.  ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET  The Day-Ahead Market (DAM) achieved 5,668 MU volume in November'25 as compared to 5,651 MU volume in November'24, increase of 0.3% YoY.  The Real-Time Electricity Market (RTM) volume increased to 4,233 MU in November '25, from 3,019 MU in November'24, registering an increase of 40.2% YoY. Day Ahead Contingency andTerm-Ahead Market(TAM),comprising of HPTAM, contingency, daily & weekly and monthly contracts up to 3 months, traded 693 MU in November'25 as compared to 202 MU volume in November'24, increase of 243.1% YoY. GREEN MARKET:GREENDAY-AHEAD & GREENTERM-AHEAD MARKET IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 815 MU volume during November '25 as compared to 818 MU in November'24, decline of 0.3% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for November'25 was Rs 3.29/ unit. RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET) A total of 4.74 lakh RECs were traded in the trading sessions held on 12th November'25 and 26th November'25, at a clearing price of Rs.370/REC and Rs.364/REC respectively. REC traded volume in November'25 decreased by 13.1% on YoY basis. The next REC trading sessions at the Exchange are scheduled on 10th Dec'25 and 31st Dec'25.  Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Indian Gas Exchange to launch IPO

The Board of Directors of Indian Gas Exchange (IGX), an associate company of Indian Energy Exchange, at its meeting held on 02 December 2025, has provided its approval to start the process of Initial Public Offering (IPO) of the equity shares of face value of Rs. 10 each of IGX. The IPO will be undertaken by way of an offer for sale by certain existing and eligible shareholders, subject to market conditions, receipt of applicable approvals, regulatory clearances and other considerations.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
IEX records 16.5% growth in electricity traded volume in Oct'25

Indian Energy Exchange achieved monthly electricity traded volume (excluding TRAS) of 11,233 MU in October'25, marking an 16.5% increase on year-on-year basis. A total of 6.19 lakh Renewable Energy Certificates were traded during the month, marking a 39.4% year on year increase. According to government data published in October '25, the country's energy consumption reached 132 BUs, decline of 6% compared to the previous year. Enhanced hydro, wind, and solar generation, combined with steady supply from coal-based generation resulted in higher supply liquidity on the exchange platform, leading to a decline in DAM and RTM prices. The market clearing Price in the Day Ahead Market at Rs. 2.67/unit during October'25, declined 32% YoY. Similarly, price in the Real Time Market at Rs 2.73/unit during October'25, declined 27.8% YoY.  These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges.  ELECTRICITY MARKET:DAY-AHEAD, TERM-AHEAD & REAL-TIME MARKET  The Day-Ahead Market (DAM) including HPDAM achieved 4,684 MU volume in October'25 as compared to 4,388 MU volume in October'24, increase of 6.7% YoY. The DAM segment accounted for38.7%ofthe total traded volumes in October'25. The Real-Time Electricity Market (RTM) volume increased to 4,583 MU in October'25, from 3,123 MU in October'24, registering an increase of 46.8% YoY. The RTM segment accounted for 37.8% of the total traded volumes in October'25  Day Ahead Contingency and Term-Ahead Market (TAM), comprising of HPTAM, contingency, daily & weekly and monthly contracts up to 3 months, traded 911 MU in Ocotober'25 as compared to 1,260 MU volume inOctober'24, decline of 27.7% YoY. GREENMARKET: GREENDAY-AHEAD & GREEN TERM-AHEAD MARKET IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 1,055 MU volume during October '25 as compared to 872 MU in October'24, registering an increase of 21% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for October'25 was Rs 2.47/ unit.  RENEWABLE ENERGY CERTIFICATE MARKET (RECMARKET)  A total of 6.19 lakh RECs were traded in the trading sessions held on 08th October'25and 29th October'25, at a clearing price of Rs.370/REC. REC traded volume in October'25 increased by 39.4% on YoY basis. The next REC trading sessions at the Exchange are scheduled on 12th Nov'25 and 26th Nov'25.Powered by Capital Market - Live

3 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Indian Energy Exchange Ltd (IEX) today?

    The share price of IEX as on 4th February 2026 is ₹127.69. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Indian Energy Exchange Ltd (IEX) share?

    The past returns of Indian Energy Exchange Ltd (IEX) share are
    • Past 1 week: -0.61%
    • Past 1 month: -5.08%
    • Past 3 months: -7.24%
    • Past 6 months: -4.69%
    • Past 1 year: -26.38%
    • Past 3 years: -7.64%
    • Past 5 years: 48.79%

  3. What are the peers or stocks similar to Indian Energy Exchange Ltd (IEX)?

    The peers or stocks similar to Indian Energy Exchange Ltd (IEX) include:

  4. What is the dividend yield % of Indian Energy Exchange Ltd (IEX) share?

    The current dividend yield of Indian Energy Exchange Ltd (IEX) is 2.38.

  5. What is the market cap of Indian Energy Exchange Ltd (IEX) share?

    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 ₹11228.31 Cr as of 4th February 2026.

  6. What is the 52 week high and low of Indian Energy Exchange Ltd (IEX) share?

    The 52-week high of Indian Energy Exchange Ltd (IEX) is ₹215.40 and the 52-week low is ₹119.

  7. What is the PE and PB ratio of Indian Energy Exchange Ltd (IEX) stock?

    The P/E (price-to-earnings) ratio of Indian Energy Exchange Ltd (IEX) is 26.16. The P/B (price-to-book) ratio is 9.88.

  8. Which sector does Indian Energy Exchange Ltd (IEX) belong to?

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

  9. How to buy Indian Energy Exchange Ltd (IEX) shares?

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