Indian Energy Exchange Ltd
IEXIndian Energy Exchange Ltd
IEXPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
BadThe stock is overpriced and in the overbought zone
Red flags
LowNo red flag found
How to use scorecard? Learn more
Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
55.39 | 21.16 | 1.08% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
25.47 | 3.86 | 1.12% |
Forecast & Ratings
Detailed Forecast from 7 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
View olderÂGet more out of Tickertape, Go Pro!
Customise key metrics, see detailed forecasts, download stock data and more
Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ cr.
All values in ₹ cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
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 | 590.80 | |||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 74.03 | |||||||
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 | 516.77 | |||||||
Depreciation/Amortization | 10.42 | 15.24 | 16.51 | 17.23 | 18.59 | 20.47 | 20.72 | |||||||
PBIT | 232.48 | 227.19 | 272.50 | 407.22 | 404.28 | 468.98 | 496.05 | |||||||
Interest & Other Items | 0.73 | 1.57 | 2.05 | 1.97 | 2.46 | 2.83 | 2.80 | |||||||
PBT | 231.75 | 225.62 | 270.45 | 405.25 | 401.82 | 466.15 | 493.25 | |||||||
Taxes & Other Items | 66.71 | 49.90 | 64.36 | 95.99 | 95.94 | 115.36 | 121.86 | |||||||
Net Income | 165.04 | 175.72 | 206.09 | 309.26 | 305.88 | 350.79 | 371.39 | |||||||
EPS | 1.82 | 1.95 | 2.30 | 3.45 | 3.43 | 3.94 | 4.18 | |||||||
DPS | 0.00 | 0.83 | 1.33 | 2.50 | 1.00 | 2.50 | 3.50 | |||||||
Payout ratio | 0.00 | 0.43 | 0.58 | 0.72 | 0.29 | 0.63 | 0.84 |
Company Updates
Peers & Comparison
UtilitiesPower Trading & Consultancy
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Indian Energy Exchange Ltd | 58.65 | 21.16 | 1.08% |
Rattanindia Enterprises Ltd | 26.09 | 13.16 | — |
PTC India Ltd | 13.15 | 1.04 | — |
Price Comparison
Compare IEX with any stock or ETFShareholdings
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
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 4.80%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 3.31%
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) |
---|---|---|---|---|
Parag Parikh Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 4.3460% | Percentage of the fund’s portfolio invested in the stock 1.15% | Change in the portfolio weight of the stock over the last 3 months 0.03% | 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 22/96 (0) |
SBI Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.1648% | Percentage of the fund’s portfolio invested in the stock 1.32% | Change in the portfolio weight of the stock over the last 3 months 0.07% | 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 31/62 (+3) |
Mirae Asset Large Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.8418% | Percentage of the fund’s portfolio invested in the stock 0.89% | Change in the portfolio weight of the stock over the last 3 months 0.00% | 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 20/80 (-2) |
Compare 3-month MF holding change on Screener
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
Events
Dividend Trend
No Trend In Dividends
IEX has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 1.08%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹10.81 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
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
Cash Dividend
Ex DateEx DateFeb 3, 2022
Dividend/Share
₹1.00
Ex DateEx Date
Feb 3, 2022
According to government data published in August 2024, the country's energy consumption increased 5% YoY to 144.2 billion units. The Day-Ahead Market (DAM) volume increased to 4,666 MU in August 2024 as compared to 3,810 MU in August 2023, registering an increase of 22.5%. The Real-Time Electricity Market (RTM) volume increased 27.3% YoY to 3,485 4 MU in August 2024. The Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 886 MU during August 2024. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 871 MU volumes during August 2024 as compared to 242.30 MU in August 2023, up 259.5% YoY. The Green Day-Ahead Market (G-DAM) achieved 849.3MU volume during August 2024 with a weighted average price was Rs 3.69 per unit from 159.7 MU recorded in August 2023, up 431.8% YoY. The Green Term-Ahead Market (G-TAM) achieved 21.7 MU volume in August 2024 with average monthly price of Non-Solar- Rs 7.89 /unit. A total of 21.16 lakh renewable energy certificate (RECs) (equivalent to 2,116 MU) were traded in the trading sessions held on 14 August 2024 and 28 August 2024, at a clearing price of Rs 118 /REC and Rs 115 /REC respectively. The REC market recorded an all-time low price in the trading session held on 28th August 2024. The next REC trading sessions at the Exchange are scheduled on 11 September 2024 and 25 September 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. Shares of Indian Energy Exchange shed 0.63% to Rs 204.60 on the BSE. Powered by Capital Market - Live
The International Carbon Exchange (ICX), a wholly-owned subsidiary of Indian Energy Exchange, has entered into an 'Issuer Agreement' with the International Tracking Standard Foundation (I-TRACK Foundation), having its office at De Mortel 2D, 5211HV -Hertogenbosch, The Netherlands, and Evident EV (Evident), having its office at 400 Springvale Road, Sheffield SP10 1LP, United Kingdom. This agreement authorizes ICX to act as a Local Issuer of International Renewable Energy Certificates (I-REC) in the Indian market. As part of this role, ICX will be responsible for registering Production Facilities and issuing I-RECs on the Registry managed by Evident for India. Powered by Capital Market - Live
Indian Energy Exchange has appointed Rohit Bajaj, earlier serving as the Executive Director (Non-Board) ' Business Development, Strategy, Regulatory Affairs & IT, as Joint Managing Director of the Company, effective 10 August 2024.Powered by Capital Market - Live
Indian Energy Exchange: IEX shares in focus after July power market update
IEX electricity volume jumps 29% YoY to 10,093 MU in Ju1′24
According to government data published in July 2024, the country's energy consumption increased 4% YoY to 145.5 billion units. The Day-Ahead Market (DAM) volume increased to 5,056 MU in July 2024 as compared to 3,976 MU in July 2023, registering an increase of 27%. The Real-Time Electricity Market (RTM) volume increased 31% YoY to 3,334 MU in July 2024. The Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 712 MU during July 2024. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, 989.6 MU volumes during July 2024 as compared to 275.4 MU in July 2023, up 259% YoY. The Green Day-Ahead Market (G-DAM) weighted average price was Rs 4.34 per unit. IEX G-DAM cleared volume recorded an all-time high of 50 MU on 28 July. A total of 31.50 lakh renewable energy certificate (RECs) (equivalent to 3,150 MU) were traded in the trading sessions held on 10 July 2024 and 31 July 2024, at a clearing price of Rs 128/REC and Rs 120/REC respectively. The next REC trading sessions at the Exchange are scheduled on 14 August 2024 and 28 August 2024. During July 2024, 7,000 energy saving certificates (ESCerts) (equivalent to 7 MU) were traded on IEX, at the floor price of Rs 2,165 per ESCert. 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 rose 9.45% to Rs 96.69 crore on 13.31% increase in revenue from operations to Rs 121.28 crore in Q4 FY24 over Q4 FY23. The scrip declined 3.68% to currently trade at Rs 188.20 on the BSE. Powered by Capital Market - Live
IEX total volume rises 56% YoY to 13,250 MU in July; stock trades flat
Indian Energy Exchange achieved the highest ever total volume (including certificates) of 13,250 MU in July 2024, marking a ~56% year-over-year increase. The electricity volume at 10,093 MU, increased 29% YoY. Green electricity volume during the month at 1 BU, grew 259% YoY. The renewable energy certificates (REC) at 3,150 MU, increased 405% YoY. At Rs. 120 per certificate, the REC market recorded an all-time low price in the trading session held on 31st July 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations. According to government data published in July 2024, the country's energy consumption reached 145.4 BUs, representing ~4% increase year-on-year. ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET The Day-Ahead Market (DAM) volume increased to 5,056 MU in July'24, from 3976 MU in July'23, registering an increase of 27% YoY. The Real-Time Electricity Market (RTM) volume increased to 3,334 MU in July '24, from 2540 MU in July'23, registering an increase of 31% YoY. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 712 MU during July'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 989.6 MU volume during July'24 as compared to 275.4 MU in July'23, registering an increase of 259% YoY. Weighted average price of G-DAM market was Rs 4.34 per unit. IEX G-DAM cleared volume recorded an all-time high of 50 MU on July 28th. RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET) A total of 31.50 lac RECs (equivalent to 3,150 MU) were traded in the trading sessions held on 10th July'24 and 31st July'24, at a clearing price of Rs. 128/REC and Rs. 120/REC respectively. The next REC trading sessions at the Exchange are scheduled on 14th August'24 and 28th August'24. ENERGY SAVING CERTIFICATES (ESCERTS) During July'24, 7,000 ESCerts (equivalent to 7 MU) were traded on IEX, at the floor price of Rs. 2,165 per ESCert. Powered by Capital Market - Live
IEX shares in news today as Q1 profit surges 27%
IEX Q1 Results: Net profit soars over 27% YoY to Rs 96 crore
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 2.38%