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Indian Energy Exchange Ltd

IEX

Indian Energy Exchange Ltd

IEX
UtilitiesPower Trading & Consultancy
SmallcapWith a market cap of ₹16,257 cr, stock is ranked 389
Moderate RiskStock is 2.66x as volatile as Nifty
182.831.76% (+3.16)
182.831.76% (+3.16)

Price Chart

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1D
1W
1M
1Y
5Y
Max
SIP
UtilitiesPower Trading & Consultancy
SmallcapWith a market cap of ₹16,257 cr, stock is ranked 389
Moderate RiskStock is 2.66x as volatile as Nifty

How to use scorecard? Learn more

UtilitiesPower Trading & Consultancy
SmallcapWith a market cap of ₹16,257 cr, stock is ranked 389
Moderate RiskStock is 2.66x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
39.7716.721.37%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
21.963.031.46%

Forecast & Ratings

Detailed Forecast 
75%
Analysts have suggested that investors can buy this stock

from 8 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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 

Jan 23, 2025

PDF
View Older Presentations
PE Ratio
17.22
1Y Return
39.85%
Buy Reco %
100.00
PE Ratio
8.78
1Y Return
41.95%
Buy Reco %
100.00
PE Ratio
2,070.71
1Y Return
112.45%
Buy Reco %
—
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

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 13.81%, vs industry avg of 8.71%

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 1.89% to 2.37%

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Financial YearFY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue294.16297.40356.23491.83487.35561.74644.54
Raw Materialssubtract0.000.000.000.000.000.0079.37
Power & Fuel Costsubtract0.460.500.290.190.200.18
Employee Costsubtract24.8333.2344.3841.7634.6539.01
Selling & Administrative Expensessubtract19.2215.1716.7312.5515.5714.62
Operating & Other expensessubtract6.756.075.8212.8814.0618.48
Depreciation/Amortizationsubtract10.4215.2416.5117.2318.5920.4721.20
Interest & Other Itemssubtract0.731.572.051.972.462.832.72
Taxes & Other Itemssubtract66.7149.9064.3695.9995.94115.36132.50
EPS1.821.952.303.453.433.944.60
DPS0.000.831.332.501.002.502.50
Payout ratio0.000.430.580.720.290.630.54

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2023

Annual report

PDF

Investor Presentation

May 25PDF
Jan 20PDF
Oct 21PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 7PDF
Jul 27PDF
FY 2025

Annual Report Pending

Investor Presentation

Jan 23PDF
Oct 24PDF
Sep 11PDF
 

Peers & Comparison

Comparing 3 stocks from 
UtilitiesPower Trading & Consultancy

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Indian Energy Exchange Ltd46.3516.721.37%
Rattanindia Enterprises Ltd17.228.68—
PTC India Ltd8.780.695.51%
Fischer Medical Ventures Ltd2,070.7146.72—

Price Comparison

Compare IEX with any stock or ETF
Compare IEX with any stock or ETF
IEX
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Shareholdings

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

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

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 almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%26.62%6.16%16.24%50.98%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '2414.12%13.37%10.90%11.67%15.66%16.24%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
5.0297%0.92%-0.18%23/119 (-3)
2.4472%1.17%-0.12%37/62 (-4)
1.9684%0.81%-0.05%23/88 (+3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Indian Energy Exchange Ltd

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Zero Debt

Zero Debt

Created by Windmill Capital

IEX's Wtg.
8.33%
CAGR
16.29%
Digital Inclusion

Digital Inclusion

Created by Windmill Capital

IEX's Wtg.
6.71%
CAGR
6.63%
Energy Tracker

Energy Tracker

Created by Windmill Capital

IEX's Wtg.
8.69%
CAGR
20.89%

Events

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 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

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

Cash Dividend

Ex DateEx DateJul 28, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Jul 28, 2023

Cash Dividend

Ex DateEx DateAug 11, 2022

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Aug 11, 2022

News & Opinions
Spotlight
IEX gains after Q3 PAT jumps 17% YoY to Rs 107 crore

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

1 week 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 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

1 week agoCapital Market - Live
Earnings
Indian Energy Exchange consolidated net profit rises 16.86% in the December 2024 quarter

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

1 week agoCapital Market - Live
Corporate
IEX appoints director

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

2 weeks agoCapital Market - Live
Corporate
Indian Energy Exchange fixes record date for interim dividend

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

2 weeks agoCapital Market - Live
Corporate
Indian Energy Exchange to declare Quarterly Result

Indian Energy Exchange will hold a meeting of the Board of Directors of the Company on 23 January 2025.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
IEX electricity volume climbs 29% YoY to 11,132 MU in Dec'24

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

1 month agoCapital Market - Live
Corporate
IEX achieves highest monthly electricity traded volume of 11,132 MU in Dec'24

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

1 month agoCapital Market - Live
Spotlight
IEX electricity volume climbs 16% YoY to 9,689 MU in Nov'24

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

2 months agoCapital Market - Live
Spotlight
IEX gains after electricity volume increase 4% YoY to 9,642 MU in Oct'24

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

3 months agoCapital Market - Live