Indian Energy Exchange Ltd

Indian Energy Ex Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indian Energy Exchange Ltd

₹ 126 2.61%
27 Apr - close price
iexindia.com BSE: 540750 NSE: IEX
About

Incorporated in 2007, Indian Energy Exchange Ltd provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity[1]

Key Points

Premier Energy Exchange
The company is India’s premier electricity exchange with an 85% market share as of 9MFY25, offering a nationwide, automated trading platform for the physical delivery of electricity, renewable power, renewable energy certificates, and energy-saving certificates. The exchange platform improves price discovery, market accessibility, and trade efficiency in India's power sector.[1] [2]

Website BSE NSE
  • Market Cap ₹ 11,274 Cr.
  • Current Price ₹ 126
  • High / Low ₹ 215 / 114
  • Stock P/E 23.8
  • Book Value ₹ 14.6
  • Dividend Yield 2.77 %
  • ROCE 51.8 %
  • ROE 39.4 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 39.8%
  • Company has been maintaining a healthy dividend payout of 65.2%

Cons

  • Stock is trading at 8.63 times its book value
  • Working capital days have increased from -149 days to 541 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Financial Services Financial Services Capital Markets Exchange and Data Platform

Part of BSE 500 Nifty 500 BSE Financial Services BSE SmallCap Select Index BSE 250 SmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
107 104 109 115 121 124 139 131 141 140 152 144 172
14 22 16 15 16 24 19 18 19 26 20 24 25
Operating Profit 93 82 92 100 105 100 120 113 122 114 132 120 148
OPM % 87% 78% 85% 87% 86% 81% 86% 86% 86% 81% 87% 84% 86%
23 23 24 26 28 31 29 29 31 43 34 37 22
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 5 5 5 5 5 5 5 5 5 5 6 6 6
Profit before tax 110 99 111 120 127 125 143 135 147 150 160 151 163
Tax % 25% 25% 25% 25% 25% 25% 26% 24% 24% 25% 24% 24% 24%
83 74 83 89 95 93 106 103 112 113 122 115 124
EPS in Rs 0.93 0.83 0.93 1.00 1.07 1.05 1.19 1.16 1.26 1.27 1.36 1.29 1.39
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
176 170 199 230 254 257 317 426 401 449 535 608
41 45 55 46 51 53 58 60 64 71 80 95
Operating Profit 136 125 143 185 203 204 259 366 337 379 455 514
OPM % 77% 74% 72% 80% 80% 80% 82% 86% 84% 84% 85% 84%
0 25 34 26 40 40 40 52 73 102 119 137
Interest 0 0 0 0 1 2 2 2 2 3 3 2
Depreciation 3 3 3 10 10 15 16 16 19 20 21 23
Profit before tax 132 147 174 200 232 228 282 400 389 457 550 625
Tax % 32% 32% 35% 34% 29% 22% 24% 24% 25% 25% 25% 24%
90 100 114 132 165 178 213 303 293 341 415 474
EPS in Rs 1.10 1.16 1.31 1.45 1.81 1.98 2.38 3.37 3.28 3.83 4.65 5.31
Dividend Payout % 88% 72% 113% 50% 0% 42% 56% 74% 30% 65% 64% 66%
Compounded Sales Growth
10 Years: 14%
5 Years: 14%
3 Years: 15%
TTM: 14%
Compounded Profit Growth
10 Years: 17%
5 Years: 18%
3 Years: 20%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: -7%
1 Year: -34%
Return on Equity
10 Years: 42%
5 Years: 40%
3 Years: 40%
Last Year: 39%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 27 29 29 30 30 30 30 90 89 89 89 89
Reserves 210 168 248 254 340 360 502 612 695 859 1,009 1,218
3 2 2 0 0 14 12 10 14 10 6 11
166 226 276 291 335 264 384 983 640 791 1,053 1,059
Total Liabilities 406 424 554 574 706 668 927 1,695 1,439 1,749 2,157 2,377
14 11 8 119 111 119 115 110 110 101 87 102
CWIP 0 0 1 1 1 1 6 5 4 3 4 0
Investments 254 281 383 268 475 514 710 1,247 1,204 1,310 1,597 1,936
137 131 162 186 118 35 96 333 120 336 469 339
Total Assets 406 424 554 574 706 668 927 1,695 1,439 1,749 2,157 2,377

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
92 89 206 131 138 128 304 788 -22 300 430 425
24 -23 -21 -33 -62 -5 -194 -473 70 -26 -199 -223
-106 -70 -109 -126 -78 -161 -77 -136 -215 -183 -272 -272
Net Cash Flow 10 -4 76 -29 -2 -38 33 179 -167 91 -41 -70
Free Cash Flow 85 87 205 11 135 123 288 777 -31 287 422 410
CFO/OP 99% 108% 186% 99% 98% 87% 142% 244% 21% 107% 123% 113%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 1 2 0 0 66 0 4 75 6 1 1 1
Inventory Days
Days Payable
Cash Conversion Cycle 1 2 0 0 66 0 4 75 6 1 1 1
Working Capital Days -335 -384 -494 -322 -371 -326 -388 -733 -540 -501 -487 541
ROCE % 48% 67% 64% 66% 66% 56% 59% 62% 49% 52% 54% 52%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Electricity Traded Volume
Billion Units

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REC Traded Volume
Billion Units

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Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
17.28% 14.12% 13.37% 10.89% 11.66% 15.66% 16.24% 16.13% 18.53% 13.20% 11.42% 14.16%
21.11% 22.61% 26.34% 27.24% 31.24% 31.48% 32.78% 34.15% 34.12% 36.43% 34.95% 30.26%
61.33% 62.98% 60.01% 61.57% 56.82% 52.59% 50.72% 49.47% 47.07% 50.11% 53.37% 55.31%
0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.27% 0.27% 0.27% 0.27% 0.27%
No. of Shareholders 16,32,59716,01,51815,18,59715,98,63115,13,30714,72,72714,39,96714,13,44413,88,44714,38,94314,07,54614,09,806

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

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