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Indian Energy Exchange Ltd

Indian Energy Exchange Ltd

IEX Share Price

NSE
118.701.39% (+1.63)
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Returns
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With a market cap of ₹10,439 cr, stock is ranked 548

Stock is 3.42x 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 ₹10,439 cr, stock is ranked 548

Stock is 3.42x as volatile as Nifty

IEX Performance & Key Metrics

IEX Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
21.189.192.99%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
26.403.221.38%

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 

Apr 23, 2026

PDF
View Older Presentations
PE Ratio
74.23
74.23
1Y Return
131.40%
131.40%
Buy Reco %
100.00
100.00
PE Ratio
8.95
8.95
1Y Return
1.81%
1.81%
Buy Reco %
0.00
0.00
PE Ratio
-29.22
-29.22
1Y Return
46.61%
46.61%
Buy Reco %
0.00
0.00
PE Ratio
73.47
73.47
1Y Return
55.11%
55.11%
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 · April 2026

In Q4 FY26, the company showcased resilience amid geopolitical tensions and market challenges, particularly in the gas exchange segment, where supply disruptions impacted trading volumes. Despite these hurdles, management expressed optimism for future growth, driven by operational enhancements such as AI integration and a focus on automated bidding processes. India's electricity demand remained stable, bolstered by significant renewable energy capacity additions, while the coal market demonstrated a comfortable supply situation, paving the way for potential price transparency through a proposed coal exchange. Regulatory developments, including the draft National Electricity Policy, are expected to enhance market dynamics, although uncertainties surrounding market coupling and compliance changes persist. Overall, the company is strategically positioned to adapt and thrive in a rapidly evolving energy landscape.

IEX Stock Growth Drivers
IEX Stock Growth Drivers
10
  • Strong Economic Growth

    India has achieved a GDP growth of 7.8% in Q3 FY26, with an expected growth

  • Electricity Demand and Capacity Expansion

    In Q4 FY26, India's electricity demand reached 423 billion units, reflecting a moderate increase of

IEX Stock Challenges
IEX Stock Challenges
5
  • Decline in Market Prices and Sell Liquidity

    In FY26, there was a significant increase in sell-bids in the Day Ahead Market (DAM),

  • Decline in Other Income

    The company reported a 29% decline in other income compared to previous quarters, primarily due

IEX Forecast

IEX Forecasts

Price

Revenue

Earnings

IEX

IEX

Income

Balance Sheet

Cash Flow

IEX Income Statement

IEX Income Statement

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Quarterdec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026
Total Revenue144.70151.37158.05170.65164.47178.82190.86187.79187.24200.85
Operating & Other expensessubtract16.5216.7124.2219.5018.9420.9326.4520.4723.7324.94
Depreciation/Amortizationsubtract5.195.225.245.335.415.275.455.696.056.13
Interest & Other Itemssubtract0.710.720.670.660.670.610.580.530.520.65
Taxes & Other Itemssubtract30.4832.0331.4836.8432.1534.8937.7037.7537.8339.36
EPS1.031.091.081.221.211.321.361.391.341.45

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

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
Jul 27PDF
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 Ltd21.189.192.99%
Quality Power Electrical Equipments Ltd74.2315.170.09%
PTC India Ltd8.950.804.64%
Rattanindia Enterprises Ltd-29.225.23

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 1.26%

Increased 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 increased by 2.75%

Tickertape Separator

IEX Shareholding Pattern

IEX Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%22.09%8.17%14.16%55.58%

Jun 2025

Sep 2025

Dec 2025

Mar 2026

IEX Shareholding History

IEX Shareholding History

Dec '24MarJunSepDec '25Mar16.24%16.12%18.53%13.19%11.41%14.16%

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)
10.1823%0.75%-0.00%25/172 (-2)
2.2492%0.64%-0.00%43/104 (+17)
1.3733%0.30%0.02%74/105 (-5)

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

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 2.99%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹29.90 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 2.99%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹29.90 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

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

1 week 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

1 week 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.

1 week 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.

1 month agoCapital Market - Live
Spotlight
Spotlight
IEX posts PAT of Rs 129 crore in Q4; quarterly traded electricity volume rises to 39.4 BU

Total operating expenditure for the period under review was Rs 24.94 crore, up 19.2% YoY. Profit before tax in Q4 FY26 stood at Rs 169.14 crore, up by 11.3% from Rs 152 crore in Q4 FY25. IEX has recorded highest ever quarterly traded electricity volume of 39.4 billion units (BU) in Q4 FY26, increase of 24.3% YoY. A total of 71.71 lakh renewable energy certificates (REC) were traded during Q4 FY26, increase of 6.1%. For FY26, IEX has recorded a consolidated net profit of Rs 492.92 crore (up 14.9% YoY) and Rs 615.65 crore (up 14.6% YoY), respectively. The energy exchange said that on the power sector front, India's electricity demand reached approximately 1,709 BUs, reflecting around 1% growth over the previous year. On the fuel side, ample fuel has been available at competitive prices. India's coal production recorded 1,041 million tonnes in FY26. Coal inventory as of 31 March 2026 stood at 25 days. During FY26, enhanced wind, hydro, solar generation along with sustained supply from coal based generation resulted in higher supply liquidity on the exchange platform, leading to a substantial decline in DAM and RTM prices. For FY26, the market clearing price in the day ahead market at Rs 3.86 per unit declined 13.7% compared to FY25. Similarly, the market clearing price in the real-time market at Rs 3.59 per unit during FY26 declined 16% compared to FY25. On the gas market front, IGX traded highest ever gas volumes of 76.8 million million Metric Million British thermal units (MMBtu) in FY26, a growth of 28%YoY. IGX recorded a profit after tax of Rs 41.9 crore in FY26, higher by 35% compared with Rs 30.9 crore in FY25. During FY26, the International Carbon Exchange (ICX) issued 179 lakh International Renewable Energy Certificates (I-REC), recording a growth of over 200% compared with FY25. ICX made revenue of Rs 7.7 crore in FY26, as compared to Rs 3.4 crore in FY25, achieving growth of 126% YoY. 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 scrip rose 0.12% to currently trade at Rs 127.05 on the BSE.

1 month agoCapital Market - Live
Earnings
Earnings
Indian Energy Exchange consolidated net profit rises 10.81% in the March 2026 quarter

Net profit of Indian Energy Exchange rose 10.81% to Rs 129.77 crore in the quarter ended March 2026 as against Rs 117.11 crore during the previous quarter ended March 2025. Sales rose 22.53% to Rs 174.30 crore in the quarter ended March 2026 as against Rs 142.25 crore during the previous quarter ended March 2025. For the full year,net profit rose 14.85% to Rs 492.92 crore in the year ended March 2026 as against Rs 429.17 crore during the previous year ended March 2025. Sales rose 14.59% to Rs 615.65 crore in the year ended March 2026 as against Rs 537.26 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales174.30142.25 23 615.65537.26 15 OPM %85.6985.28 -84.4784.44 - PBDT175.26157.28 11 668.88585.79 14 PBT169.14152.00 11 645.56564.54 14 NP129.77117.11 11 492.92429.17 15 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Corporate
Indian Energy Exchange fixes record date for final dividend

Indian Energy Exchange has fixed 15 May 2026 as record date for payment of final dividend of Rs 2 per equity share for FY 2026.

1 month agoCapital Market - Live
Spotlight
Spotlight
Indian Energy Exchange Ltd leads losers in 'A' group

Cohance Lifesciences Ltd, Gujarat Mineral Development Corporation Ltd, Thomas Cook (India) Ltd and AWFIS Space Solutions Ltd are among the other losers in the BSE's 'A' group today, 20 April 2026.Indian Energy Exchange Ltd lost 7.41% to Rs 125.6 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 10.71 lakh shares were traded on the counter so far as against the average daily volumes of 4.47 lakh shares in the past one month.Cohance Lifesciences Ltd tumbled 5.69% to Rs 369.3. The stock was the second biggest loser in 'A' group.On the BSE, 3.03 lakh shares were traded on the counter so far as against the average daily volumes of 4.64 lakh shares in the past one month.Gujarat Mineral Development Corporation Ltd crashed 5.39% to Rs 693.85. The stock was the third biggest loser in 'A' group.On the BSE, 5.02 lakh shares were traded on the counter so far as against the average daily volumes of 5.99 lakh shares in the past one month.Thomas Cook (India) Ltd corrected 4.90% to Rs 105.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 56871 shares were traded on the counter so far as against the average daily volumes of 1.92 lakh shares in the past one month.AWFIS Space Solutions Ltd shed 4.49% to Rs 346.75. The stock was the fifth biggest loser in 'A' group.On the BSE, 12672 shares were traded on the counter so far as against the average daily volumes of 37777 shares in the past one month.

1 month agoCapital Market - Live
Spotlight
Spotlight
IEX drops as market coupling concerns weigh

The draft proposes Grid India as the Market Coupling Operator. It will aggregate bids and carry out uniform price discovery across exchanges. The proposal is part of the 'Central Electricity Regulatory Commission (Power Market) (Second Amendment) Regulations, 2026'. Stakeholder comments have been invited until 16 May 2026. As per the framework, power exchanges will collect bids in a standard format and share them with the operator. Price discovery will eventually move to a centralised system. Exchanges can continue current practices until rollout. Market coupling is aimed at improving efficiency and ensuring uniform pricing. The move is seen as a structural change for the sector. IEX currently dominates the market. It had earlier challenged the proposal, but its plea was rejected. The stock has fallen 32.44% over the past year. The proposed framework remains an overhang for the stock. 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. On a consolidated basis, the company reported an 11.01% increase in net profit to Rs 119.11 crore in Q3 FY26, compared with Rs 107.29 crore in Q3 FY25. Revenue from operations rose 10.31% year-on-year (YoY) to Rs 145.67 crore in the quarter ended 31 December 2025.

1 month agoCapital Market - Live
Corporate
Corporate
Indian Energy Exchange to table results

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

1 month 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 12th June 2026 is ₹118.70. 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: -5.88%
    • Past 1 month: -12.48%
    • Past 3 months: -4.70%
    • Past 6 months: -17.82%
    • Past 1 year: -39.55%
    • Past 3 years: -4.51%
    • Past 5 years: -3.71%

  3. What are the peers or stocks similar to Indian Energy Exchange Ltd (IEX)?
  4. What is the dividend yield % of Indian Energy Exchange Ltd (IEX) share?

    The current dividend yield of Indian Energy Exchange Ltd (IEX) is 2.99.

  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 ₹10439.05 Cr as of 12th June 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 ₹214.20 and the 52-week low is ₹114.60.

  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 21.18. The P/B (price-to-book) ratio is 9.19.

  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.