Indian Energy Exchange Limited IEX NIFTY_SMALLNSEFINANCIAL

Financial Services · Capital Markets · India

https://www.iexindia.com

Indian Energy Exchange Limited provides automated trading platform for physical delivery of electricity, renewable energy, and certificates. The company offers Day-Ahead Market, a physical electricity trading market which allows market participants to buy and sell electricity for the next day; Term-Ahead-Market that provides a range of products allowing participants to buy and sell electricity on intra-day, day-ahead contingency, and term ahead contracts; Real-Time Market, an auction session every half an hour with power to be delivered after 4 time blocks or an hour after gate closure of the auction; Green Day-Ahead Market that allows market participants to buy and sell renewable electricity for the next day; Cross-Border Electricity Trade expands the Indian power market towards building an integrated South Asian power market; High Price Day Ahead Market, a part of integrated day ahead market allows market participants to buy and sell electricity for the next day to be traded are determined through a double-sided closed auction bidding process; and Green-Term Ahead Market, a market solution for renewable energy trading which features contracts, including Green-Intraday, Green-Day-ahead Contingency, Green-Daily, and Green-Weekly. It also provides renewable energy and energy saving certificates. The company was incorporated in 2007 and is based in Noida, India.

Market & Price

Market Cap

₹11,410.61 Cr

Current Price

₹128.31

High / Low (52W)

₹204.28 / ₹112.96

Beta

0.31

Valuation

Stock P/E

23.16

Industry PE

19.12

Forward P/E

20.30

PEG Ratio

Book Value

₹15.25

Price to Book

8.42

P/S

15.28

EV/EBITDA

14.88

Dividend Yield

3.12%

Profitability & Returns

ROCE

45.71%

ROE

39.42%

ROA

16.95%

Profit Margin

65.99%

Op Margin

84.19%

EPS (Latest Qtr)

₹1.45

EPS (TTM)

₹5.54

Balance Sheet & Liquidity

Debt/Equity

0.82

Quick Ratio

1.77

Current Ratio

2.00

Debt

₹11.16 Cr

Total Assets

₹2,435.75 Cr

Current Assets

₹2,032.23 Cr

Working Capital

₹1,013.70 Cr

Ownership

Promoter Holding

13.41%

Chg in Prom Hold

FII / Inst Holding

32.65%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹9,689.75 Cr

Total Revenue (TTM)

₹746.95 Cr

EBITDA

₹651.37 Cr

Free Cash Flow

₹799.84 Cr

Operating Cash Flow

₹432.77 Cr

Shares Outstanding

₹88.93 Cr

Gross Margin

100.00%

Payout Ratio

54.15%

Growth (CAGR)

Revenue 5Y

15.40%

Profit 5Y

17.24%

Revenue (YoY)

12.50%

Earnings (YoY)

9.80%

PROS

Strong return on equity of 39.4%.
Healthy ROCE of 45.7%.
Excellent profit margin of 66.0%.
Compounding revenue at 15.4% over 5 years.
Profit CAGR of 17.2% over 5 years.
Attractive dividend yield of 3.12%.

CONS

Trading 37.2% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	IEX Indian Energy Exchange Limited NIFTY_SMALLNSEFINANCIAL	128.31	23.16	₹11,410.61 Cr	3.12%	45.71%	39.42%	15.40%	17.24%
2	HDFCBANK HDFC Bank Limited NIFTY50NSEAIFINANCIAL	744.55	16.61	₹11.46 L Cr	1.75%	-	13.82%	32.50%	20.39%
3	ICICIBANK ICICI Bank Limited NIFTY50NSEAIFINANCIAL	1,256.40	16.81	₹9.01 L Cr	0.88%	-	16.36%	19.65%	16.78%
4	SBIN State Bank of India NIFTY50NSEAIFINANCIALPSU	964.40	10.58	₹8.90 L Cr	1.80%	-	15.48%	12.19%	14.39%
5	KOTAKBANK Kotak Mahindra Bank Limited NIFTY50NSEAIFINANCIAL	384.20	19.80	₹3.82 L Cr	0.13%	-	11.39%	14.58%	8.92%
6	LICI Life Insurance Corporation of India NIFTY_MIDNSEFINANCIALPSU	411.35	9.06	₹2.60 L Cr	2.43%	-	42.36%	7.61%	16.86%
7	SHRIRAMFIN Shriram Finance Limited NIFTY50NSEFINANCIAL	947.15	17.79	₹2.23 L Cr	1.46%	-	16.38%	15.48%	18.59%
8	SBILIFE SBI Life Insurance Company Limited NIFTY50NSEFINANCIAL	1,830.10	74.06	₹1.84 L Cr	0.15%	-	13.70%	11.67%	12.81%
9	ICICIAMC ICICI PRUDENTIAL AMC LTD NIFTY_MIDNSEFINANCIAL	3,538.50	53.19	₹1.75 L Cr	0.70%	98.30%	85.80%	28.94%	29.58%

Quarterly Results

Figures in INR.

Metric	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	132.05 Cr	142.25 Cr	141.75 Cr	145.67 Cr	174.30 Cr
Cost of Revenue	11.55 Cr	11.43 Cr	12.29 Cr	13.04 Cr	11.82 Cr
Gross Profit	120.50 Cr	130.82 Cr	129.46 Cr	132.62 Cr	162.49 Cr
Operating Expenses	12.80 Cr	14.78 Cr	19.60 Cr	16.74 Cr	19.25 Cr
Operating Income	107.70 Cr	116.04 Cr	109.86 Cr	115.89 Cr	143.24 Cr
EBITDA	145.53 Cr	157.89 Cr	164.42 Cr	163.50 Cr	175.91 Cr
Interest Expense	67.10 L	61.29 L	58.00 L	52.11 L	64.92 L
Pretax Income	139.45 Cr	152.00 Cr	158.39 Cr	156.94 Cr	169.14 Cr
Tax Provision	32.16 Cr	34.89 Cr	37.69 Cr	37.83 Cr	39.36 Cr
Net Income	107.29 Cr	117.11 Cr	120.70 Cr	119.11 Cr	129.77 Cr
Diluted EPS	1.21	1.32	1.36	1.34	1.45

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	400.60 Cr	448.83 Cr	537.26 Cr	615.65 Cr
Cost of Revenue	-	29.59 Cr	33.58 Cr	46.14 Cr	49.00 Cr
Gross Profit	-	371.01 Cr	415.25 Cr	491.12 Cr	566.65 Cr
Operating Expenses	-	53.02 Cr	58.78 Cr	58.71 Cr	69.90 Cr
Operating Income	-	318.00 Cr	356.47 Cr	432.42 Cr	496.75 Cr
EBITDA	-	422.87 Cr	489.45 Cr	588.40 Cr	671.16 Cr
Interest Expense	-	2.46 Cr	2.83 Cr	2.62 Cr	2.28 Cr
Pretax Income	-	401.83 Cr	466.14 Cr	564.54 Cr	645.56 Cr
Tax Provision	-	95.94 Cr	115.36 Cr	135.37 Cr	152.64 Cr
Net Income	-	305.89 Cr	350.78 Cr	429.17 Cr	492.92 Cr
Diluted EPS	-	3.42	3.94	4.83	5.54

Compounded Sales Growth

5 Years:	15.40%
1 Year:	12.50%

Compounded Profit Growth

5 Years:	17.24%
1 Year:	9.80%

Stock Price Performance

1 Year:	-33.98%
6 Months:	-5.94%
3 Months:	+3.75%
1 Month:	+4.11%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	1,453.41 Cr	1,773.66 Cr	2,196.66 Cr	2,435.75 Cr
Current Assets	-	771.67 Cr	1,183.65 Cr	1,583.74 Cr	2,032.23 Cr
Cash & Equivalents	-	57.03 Cr	147.90 Cr	106.93 Cr	37.36 Cr
Inventory	-	-	-	-	-
Receivables	-	7.03 Cr	79.06 L	2.62 Cr	1.98 Cr
Total Liabilities	-	654.31 Cr	801.49 Cr	1,060.36 Cr	1,071.19 Cr
Current Liabilities	-	610.44 Cr	751.36 Cr	1,006.57 Cr	1,018.53 Cr
Long Term Debt	-	-	-	-	-
Total Debt	-	14.10 Cr	10.36 Cr	6.15 Cr	11.16 Cr
Total Equity	-	799.10 Cr	972.17 Cr	1,136.30 Cr	1,364.56 Cr
Shares Outstanding	-	89.17 Cr	89.17 Cr	89.17 Cr	89.17 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	-22.62 Cr	298.46 Cr	427.25 Cr	432.77 Cr
Investing Cash Flow	-	70.26 Cr	-24.50 Cr	-196.37 Cr	-230.53 Cr
Financing Cash Flow	-	-214.79 Cr	-183.09 Cr	-271.85 Cr	-271.82 Cr
Capital Expenditure	-	-9.02 Cr	-15.30 Cr	-7.85 Cr	-14.78 Cr
Free Cash Flow	-	-31.64 Cr	283.16 Cr	419.40 Cr	417.99 Cr
Net Change in Cash	-	-167.15 Cr	90.88 Cr	-40.97 Cr	-69.58 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	92.6%	92.5%	91.4%	92.0%
Operating Margin %	-	79.4%	79.4%	80.5%	80.7%
Net Margin %	-	76.4%	78.2%	79.9%	80.1%
ROE %	-	38.3%	36.1%	37.8%	36.1%
ROCE %	-	37.7%	34.9%	36.3%	35.1%

Shareholding Pattern

Insiders

13.41%

Institutions

32.65%

Public Float

37.71%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for IEX

No recent headlines available.

IEX · Financial Services