Indian Energy Exchange Ltd
IEXIndian Energy Exchange Ltd
IEX


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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
39.77 | 16.72 | 1.37% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
21.96 | 3.03 | 1.46% |
Forecast & Ratings
Detailed Forecast from 8 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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
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Forecasts
Price
Revenue
Earnings
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Revenue Forecast
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 294.16 | 297.40 | 356.23 | 491.83 | 487.35 | 561.74 | 644.54 | |||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 79.37 | |||||||
Power & Fuel Cost | 0.46 | 0.50 | 0.29 | 0.19 | 0.20 | 0.18 | ||||||||
Employee Cost | 24.83 | 33.23 | 44.38 | 41.76 | 34.65 | 39.01 | ||||||||
Selling & Administrative Expenses | 19.22 | 15.17 | 16.73 | 12.55 | 15.57 | 14.62 | ||||||||
Operating & Other expenses | 6.75 | 6.07 | 5.82 | 12.88 | 14.06 | 18.48 | ||||||||
EBITDA | 242.90 | 242.43 | 289.01 | 424.45 | 422.87 | 489.45 | 565.17 | |||||||
Depreciation/Amortization | 10.42 | 15.24 | 16.51 | 17.23 | 18.59 | 20.47 | 21.20 | |||||||
PBIT | 232.48 | 227.19 | 272.50 | 407.22 | 404.28 | 468.98 | 543.97 | |||||||
Interest & Other Items | 0.73 | 1.57 | 2.05 | 1.97 | 2.46 | 2.83 | 2.72 | |||||||
PBT | 231.75 | 225.62 | 270.45 | 405.25 | 401.82 | 466.15 | 541.25 | |||||||
Taxes & Other Items | 66.71 | 49.90 | 64.36 | 95.99 | 95.94 | 115.36 | 132.50 | |||||||
Net Income | 165.04 | 175.72 | 206.09 | 309.26 | 305.88 | 350.79 | 408.75 | |||||||
EPS | 1.82 | 1.95 | 2.30 | 3.45 | 3.43 | 3.94 | 4.60 | |||||||
DPS | 0.00 | 0.83 | 1.33 | 2.50 | 1.00 | 2.50 | 2.50 | |||||||
Payout ratio | 0.00 | 0.43 | 0.58 | 0.72 | 0.29 | 0.63 | 0.54 |
Company Updates
Annual report
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Peers & Comparison
UtilitiesPower Trading & Consultancy
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Indian Energy Exchange Ltd | 46.35 | 16.72 | 1.37% |
Rattanindia Enterprises Ltd | 17.22 | 8.68 | — |
PTC India Ltd | 8.78 | 0.69 | 5.51% |
Fischer Medical Ventures Ltd | 2,070.71 | 46.72 | — |
Price Comparison
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Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.80%
Top 5 Mutual Funds holding Indian Energy Exchange Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 5.0297% | Percentage of the fund’s portfolio invested in the stock 0.92% | Change in the portfolio weight of the stock over the last 3 months -0.18% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 23/119 (-3) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 2.4472% | Percentage of the fund’s portfolio invested in the stock 1.17% | Change in the portfolio weight of the stock over the last 3 months -0.12% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 37/62 (-4) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 1.9684% | Percentage of the fund’s portfolio invested in the stock 0.81% | Change in the portfolio weight of the stock over the last 3 months -0.05% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 23/88 (+3) |
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Events
Dividend Trend
No Trend In Dividends
IEX has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 1.37%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹13.67 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJan 31, 2025
Dividend/Share
₹1.50
Ex DateEx Date
Jan 31, 2025
Cash Dividend
Ex DateEx DateMay 31, 2024
Dividend/Share
₹1.50
Ex DateEx Date
May 31, 2024
Cash Dividend
Ex DateEx DateFeb 2, 2024
Dividend/Share
₹1.00
Ex DateEx Date
Feb 2, 2024
Cash Dividend
Ex DateEx DateJul 28, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Jul 28, 2023
Cash Dividend
Ex DateEx DateAug 11, 2022
Dividend/Share
₹1.00
Ex DateEx Date
Aug 11, 2022
Profit before tax jumped 14.04% to Rs 139.45 crore in Q3 FY25 as against Rs 122.28 crore in Q3 FY24. Total income stood at Rs 160.53 crore, registering a growth of 13.67% year on year (YoY) during the quarter. EBITDA increased by 13.49% YoY to Rs 145.5 crore in the third quarter of FY25. During Q3 FY25, the company's electricity volumes traded on the IEX platform rose 15.9% YoY to 30.5 billion units (BUs) in Q3 FY25, driven by ample availability of coal, which led to higher liquidity on the exchange platform and softer prices. The company also reported a 31% YoY increase in renewable energy certificates (RECs) traded on its platform, with 26.52 lakh RECs traded during the quarter. On the gas market front, the Indian Gas Exchange (IGX), a wholly owned subsidiary of IEX, reported a 93% YoY growth in traded volume to 162 lakh million British thermal units (MMBtu) in Q3 FY25. The IGX also reported a 13% YoY growth in profit after tax to Rs 8.3 crore during the quarter. On the fuel side, there has been ample availability of coal this fiscal. Coal is available at a nominal premium of 10% to 20% under the Shakti B8 auction, and coal inventory today stands for about 19 days. On the power sector front, electricity consumption in India for Q3 FY25 stood at 393 BU, registering a growth of 3% YoY. Meanwhile, the board declared an interim dividend of Rs 1.50 per equity share for the financial year 2024-25 and also fixed record date as Friday, 31 January 2025. Indian Energy Exchange is a power exchange licensed by the Central Electricity Regulatory Commission (CERC) for spot trading in power and electricity and trading of renewal energy certificates (REC) and energy saving certificates (ESCerts). Powered by Capital Market - Live
Indian Energy Exchange announced that the Board of Directors of the Company at its meeting held on 23 January 2025, inter alia, have recommended the interim dividend of Rs 1.5 per equity Share (i.e. 150%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Net profit of Indian Energy Exchange rose 16.86% to Rs 107.29 crore in the quarter ended December 2024 as against Rs 91.81 crore during the previous quarter ended December 2023. Sales rose 14.53% to Rs 132.05 crore in the quarter ended December 2024 as against Rs 115.30 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales132.05115.30 15 OPM %85.6685.67 - PBDT144.86127.47 14 PBT139.45122.28 14 NP107.2991.81 17 Powered by Capital Market - Live
The Board of Indian Energy Exchange at its meeting held on 23 January 2025 has approved the appointment of Pradeep Kumar Pujari as a Non-Executive Independent Director of the Company for a term of five consecutive years effective from 12 March 2025. Powered by Capital Market - Live
Indian Energy Exchange has fixed 31 January 2025 as record date for interim dividend of Rs 1.50 per share of Re 1 for FY 2024-25. Powered by Capital Market - Live
Indian Energy Exchange will hold a meeting of the Board of Directors of the Company on 23 January 2025.Powered by Capital Market - Live
During the month, the company has traded 16.62 lakh renewable energy certificates, recording a 58% YoY increase. According to government data published in December 2024, the country's energy consumption reached 130.40 billion units, an increase of nearly 6% compared to the previous year. The Day-Ahead Market (DAM) volume decreased to 6,674 MU in December 2024 as compared to 4,798 MU in December 2023, registering an increase of 39%. The Real-Time Electricity Market (RTM) volume increased 32% YoY to 3,180 MU in Dec'24. The Day Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly, and monthly contracts up to three months, traded 498 million units (MU) in Dec'24, a decline of 59% YoY. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 781 MU volumes during December 2024 as compared to 232 MU in Dec'23, registering an increase of 236% YoY. The Green Day-Ahead Market (G-DAM) achieved 763 MU volume during December 2024 with a weighted average price of Rs 3.92 per unit, as compared to 217 MU in December 2023, registering an increase of 252% YoY. The Green Term-Ahead Market (G-TAM) recorded a volume of 18 million units (MU) in Dec'24, with average monthly prices of Rs 5.88 per unit for non-solar as compared to 15.4 MU in December'23, registering an increase of 15% YoY. A total of 16.62 lakh renewable energy certificates (RECs), were traded in the trading sessions held on 11th December'24 and 26th December'24, at a clearing price of Rs 260/REC and Rs 316/REC, respectively. The next REC trading sessions at the exchange are scheduled on 8th January 2025 and 29th January 2025. IEX is India's premier energy 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 25.3% to Rs 108.32 crore on a 28.4% increase in revenue from operations to Rs 139.40 crore in Q2 FY25 over Q2 FY24. Shares of IEX declined 0.23% to currently trade at Rs 176.65 on the BSE. Powered by Capital Market - Live
Indian Energy Exchange achieved highest ever monthly electricity traded volume of 11,132 MU in December'24, marking a 29% increase on year-on-year basis. During the month, IEX traded 16.62 lakh renewable energy certificates recording a 58% year on year increase. For the nine months of the fiscal year 2025, IEX achieved electricity traded volume of 88,981 MU, marking a 19% year on year increase. For the third quarter of the fiscal year 2025, IEX achieved electricity traded volume of 30,464 MU, marking a 16% year on year increase. During the quarter, IEX traded 26.52 lakh renewable energy certificates recording a 31% year on year increase. According to government data published in December '24, the country's energy consumption reached 130.40 BUs, increase of nearly 6% compared to the previous year. During the month, the Day Ahead Market segment at IEX recorded a robust ~57% YoY increase in supply-side volumes. This rise in supply helped moderate prices. For the month of December 2024, the Market Clearing Price in the Day Ahead Market was Rs. 3.89/unit, marking a 14% YoY decrease. These prices presented an opportunity for Discoms and Open Access consumers to replace their costlier power by procuring through exchanges. For Q3FY'25, the prices in the Day Ahead market averaged Rs 3.71/unit, a decline of ~26% YoY, due to availability of ample supply liquidity. ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET The Day-Ahead Market (DAM) achieved 6,674 MU volume in Decemeber'24 as compared to 4,798 MU volume in December'23, an increase of 39% YoY. The DAM segment registered total volumes of 16,712 MU during Q3 FY '25, an increase of 14% over Q3 FY '24. The Real-Time Electricity Market (RTM) volume increased to 3,180 MU in December'24, from 2,405 MU in December'23, registering an increase of 32% YoY. The RTM segment registered volume of 9,322 MU during Q3 FY '25, increasing 30% over Q3 FY '24. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 498 MU during December '24, lower by 59% on YoY basis. The total volume on the segment during the quarter was 1,960 MU, decline of 49% over Q3 FY'24. GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 781 MU volume during December'24 as compared to 232 MU in December'23, registering an increase of 236% YoY. During Q3FY25, the segment achieved volume of 2,470 MU, an increase of 305% over Q3FY'24. The Green Day-Ahead Market (G-DAM) achieved 763 MU volume during December'24 with a weighted average price of Rs 3.92 per unit, as compared to 217 MU in December'23, registering an increase of 252% YoY. During Q3FY'25, the segment achieved volume of 2,385 MU, an increase of 311% over Q3FY'24. The Green Term-Ahead Market (G-TAM) achieved 18 MU volume during December'24 with average monthly price of Non-Solar- Rs 5.88/unit, as compared to 15.4 MU in December'23, registering an increase of 15% YoY. During Q3FY25, the segment achieved volume of 86 MU, an increase of 187% over Q3FY'24. RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET) A total of 16.62 lakh RECs were traded in the trading sessions held on 11th December '24 and 26th December'24, at a clearing price of Rs. 260/REC and Rs. 316/REC respectively. REC traded volume in December'24 increased by 58% on YoY basis. A total of 26.52 lakh RECs were traded during Q3 FY'25, an increase of 31% YoY. The next REC trading sessions at the Exchange are scheduled on 8 January 2025 and 29 January 2025.  Powered by Capital Market - Live
During the month, the company has traded 5.46 lakh renewable energy certificates, recording a 27.7% YoY decrease. According to government data published in November 2024, the country's energy consumption reached 125 billion units, a marginal increase of 5% compared to the previous year. The Day-Ahead Market (DAM) volume decreased to 5,651 MU in November 2024 as compared to 5,144 MU in November 2023, registering an increase of 9.8%. The Real-Time Electricity Market (RTM) volume increased 28% YoY to 3,019 MU in November'24. The Day Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly, and monthly contracts up to three months, traded 202 million units (MU) in Nov'24, a decline of 70.3% YoY. Due to ample availability of sell-side liquidity, buyers preferred the DAM and RTM segments this month. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 818 MU volumes during November 2024 as compared to 189 MU in November'23, registering an increase of 331.8% YoY. The Green Day-Ahead Market (G-DAM) achieved 793 MU volume during November 2024 with a weighted average price of Rs 3.19 per unit, as compared to 182 MU in November 2023, registering an increase of 335.2% YoY. The Green Term-Ahead Market (G-TAM) recorded a volume of 25 million units (MU) in November'24, with average monthly prices of Rs 3.50 per unit for solar, Rs 5.42 per unit for non-solar, and Rs 3.68 per unit for hydro. This represents 244.7% YoY growth compared to the 7 MU traded in November 2023. A total of 5.46 lakh renewable energy certificates (RECs), were traded in the trading sessions held on 13th November'24 and 27th November'24, at a clearing price of Rs 140/REC and Rs 190/REC, respectively. The next REC trading sessions at the exchange are scheduled on 11th December 2024 and 26th December 2024. IEX is India's premier energy 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 25.3% to Rs 108.32 crore on a 28.4% increase in revenue from operations to Rs 139.40 crore in Q2 FY25 over Q2 FY24. Shares of IEX declined 0.11% to Rs 177.90 on the BSE. Powered by Capital Market - Live
During the month, the company has traded 4.44 lakh renewable energy certificates recording a 105% year on year increase. According to government data published in October 2024, the country's energy consumption reached 140.4 billion units, marginal increase of 1% compared to the previous year. The Day-Ahead Market (DAM) volume decreased to 4,388 MU in October 2024 as compared to 4,742 MU in October 2023, registering an declined of 7%. The Real-Time Electricity Market (RTM) volume increased 30% YoY to 3,123 MU in October 2024. The Day Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly, and monthly contracts up to three months, traded 1,260 million units (MU) in October 2024. This represents a 34% year-on-year decline compared to the 1,911 MU traded in October 2023. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 872 MU volumes during October 2024 as compared to 188 MU in October 2023, registering an increase of 364% YoY. The Green Day-Ahead Market (G-DAM) achieved 829 MU volume during October 2024 with a weighted average price of Rs 3.60 per unit, as compared to 181 MU in October 2023, registering an increase of 358% YoY. The Green Term-Ahead Market (G-TAM) recorded a volume of 43 million units (MU) in October 2024, with average monthly prices of Rs 3.49 per unit for Solar, Rs 8.02 per unit for Non-Solar and Rs 5.03 per unit for Hydro. This represents a 498% year-on-year growth compared to the 7 MU traded in October 2023. A total of 4.44 lakh renewable energy certificate (RECs), were traded in the trading sessions held on 09th October'24 and 30th October'24, at a clearing price of Rs 110/REC and Rs 120/REC respectively. The next REC trading sessions at the Exchange are scheduled on 13th November 2024 and 27th November 2024. IEX is India's premier energy 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 27.2% to Rs 96.44 crore on 18.8% increase in revenue from operations to Rs 123.56 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.81%, vs industry avg of 8.71%
Increasing Market Share
Over the last 5 years, market share increased from 1.89% to 2.37%