Indian Energy Exchange Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 39.4%)
- Efficient capital deployment (ROCE 51.4%)
- Attractively valued vs sector (P/E 17.8x vs industry 33.1x)
- Virtually debt-free
- Regular dividends — yield 3.5%
- Near 52-week low — potential value zone (₹100)
Concerns
Today's Price Action
The stock closed at ₹102.71, unchanged from the previous session. Trading volume matched the ten‑day average at 24,19,455 shares, indicating a neutral participation level. No price deviation is observed, implying equilibrium between buyers and sellers.
Valuation Snapshot
IEX trades at a trailing P/E of 17.8, while the broader financial services sector shows a non‑applicable P/E, reflecting the exchange’s earnings profile. The price‑to‑book ratio stands at zero and the return on equity is a robust 39.4%, highlighting strong profitability relative to shareholders’ capital. The reported market capitalisation is listed as zero crore, reflecting a data reporting anomaly.
Key Levels to Watch
The 52‑week range spans ₹100 to ₹160, placing the current price 2.7 % above the lower band and 36 % below the upper band. Open‑interest data suggest modest support near ₹100 and resistance around ₹115, though exact figures are not disclosed. Open‑interest clusters typically form around ₹100‑₹105 and ₹115‑₹120, acting as anchors in this segment.
Chart Pattern
On the daily chart, a bullish Piercing Line candlestick appeared three sessions ago, followed by a bearish Engulfing pattern six sessions ago. Both formations occurred on the daily timeframe, which filters noise. These formations illustrate short‑term reversals within an otherwise flat market structure.
Data Summary
The most salient metrics are a P/E of 17.8, a zero P/B, and an ROE of 39.4 %. Volume today equals the ten‑day average of 24,19,455 shares, and the price sits near the lower end of its ₹100‑₹160 annual range. Count remains undisclosed, and the stock’s beta is not provided in the dataset.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HDFCBANK HDFC Bank Limited | ₹685 | ₹10.7L Cr | 13.3 | 1.75 | 13.6 | 7.02 | — |
| ICICIBANK ICICI Bank Limited | ₹1,378 | ₹10.0L Cr | 17 | 2.55 | 15.9 | 7.18 | — |
| SBIN State Bank of India | ₹957 | ₹8.8L Cr | 10.5 | 1.42 | 15.4 | 6.13 | — |
| BAJFINANCE Bajaj Finance Limited | ₹917 | ₹5.8L Cr | 26.4 | 4.63 | 18.2 | 10.9 | — |
| LICI Life Insurance Corporation Of India | ₹391 | ₹4.8L Cr | 8.03 | 2.8 | 37.8 | 35.1 | 0 |
| KOTAKBANK Kotak Mahindra Bank Limited | ₹440 | ₹4.3L Cr | 20.2 | 2.24 | 11.4 | 6.98 | — |
| AXISBANK Axis Bank Limited | ₹1,220 | ₹3.8L Cr | 12.7 | 1.65 | 13.1 | 6.24 | — |
Showing 7 peers in the same sector · Sorted by market cap
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 2 Per Share
Interim Dividend - Rs 1.50 Per Share
Dividend - Rs 1.50 Per Share
Interim Dividend - Rs 1.50 Per Share
Annual General Meeting
Dividend - Rs 1.50 Per Share
Interim Dividend - Re 1 Per Share
Record: 2 Feb 2024
Annual General Meeting
Latest News
All newsNSE's ₹4.45L Cr valuation pressures BSE
The NSE's successful market debut has intensified competitive pressure on BSE, with its ₹**4.45 lakh crore** valuation nearly doubling the combined worth of BSE, MCX, and IEX. Investors are reassessing BSE’s market relevance amid NSE’s dominant trading share and higher profitability. This valuation gap highlights structural shifts in India’s exchange landscape. 📊 *STOCKS:* BSE | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #NSE
IEX shares added to F&O ban list today
*IEX shares in the F&O ban list today.* The Indian Energy Exchange (IEX) has been placed on NSE's F&O ban list, restricting futures and options trading in the stock. This regulatory action impacts active traders who trade IEX derivatives contracts. Traders holding open positions should square off before the ban takes effect. 📊 *STOCKS:* $IEX | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #RegulatoryAction
IEX associate IGX receives SEBI letter for IPO
*IEX associate IGX receives SEBI letter for IPO.* Indian Gas Exchange Limited (IGX), a subsidiary of IEX, has received a letter from SEBI for its proposed initial public offering. This move signals regulatory progress toward listing. IGX aims to raise capital to expand its gas trading platform infrastructure. 📊 *STOCKS:* IEX | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #IPO
IEX subsidiary applies for coal exchange licence
*IEX subsidiary applies for coal exchange licence* — Indian Coal Exchange Ltd, a subsidiary of IEX, has applied for a licence with the Coal Controller Organisation to expand energy market operations. This move aims to establish a regulated coal trading platform. The development signals strategic diversification into coal markets with potential for future revenue streams. 📊 *STOCKS:* $IEX | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #EnergyExchange
IEX to list gas exchange via IPO filing
*IEX to list gas exchange via IPO filing*. Indian Energy Exchange announced the filing of DRHP for its associate, Indian Gas Exchange, with SEBI and BSE. The move signals a strategic expansion into gas trading infrastructure. **IPO** details and fundraising size not yet disclosed. 📊 *STOCKS:* IEX | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #IPO
IEX reports Q1FY27 power market volume of **12.4 billion units**
*IEX reports Q1FY27 power market volume of **12.4 billion units**.* This marks a **5% increase** year-on-year, driven by higher demand from distribution companies and open access consumers. The exchange also reported a monthly volume of **2.1 billion units** in June 2026. Positive volume trends may support near-term revenue visibility. 📊 *STOCKS:* IEX | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #power trading
IEX releases H1FY27 and Q2FY27 power market update
*IEX releases H1FY27 and Q2FY27 power market update*. The press release covers trading volumes and market performance for the September 2026 quarter and first half of FY27. No financial figures or major operational changes were disclosed. The update is primarily informational for market participants. 📊 *STOCKS:* $IEX | 🏢 *SECTOR:* Energy | #LOWIMPACT #Energy
NSE IPO to impact BSE, MCX, IEX trading
*NSE IPO to impact BSE, MCX, IEX trading* ahead of market debut. Traders are eyeing key support and resistance levels in BSE, MCX, and IEX shares. Target prices and stop-loss levels are being adjusted due to anticipated volatility. **₹500–600 crore** expected listing boost may influence sentiment. 📊 *STOCKS:* BSE, MCX, IEX | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #IPO
Indian Energy Exchange to host analyst and investor meet
*Indian Energy exchange to host an analyst and institutional investor meet.* The event aims to provide updates on market operations and business performance. Specific financial figures or strategic announcements were not disclosed. A schedule for the meet will be shared separately. 📊 *STOCKS:* $IEX | 🏢 *SECTOR:* Energy | #LOWIMPACT #InvestorMeet
IEX to host analyst and investor meet
*IEX to host analyst and investor meet.* The event will provide updates on market outlook and company performance. **No financial figures or major announcements** were disclosed in the filing. Traders may watch for post-meet commentary. 📊 *STOCKS:* IEX | 🏢 *SECTOR:* Energy | #LOWIMPACT #InvestorMeet
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹174 Cr 19.2% | ₹146 Cr 5.2% | ₹154 Cr 8.5% | ₹142 Cr 0.0% | ₹142 Cr 7.6% | ₹132 Cr 5.0% | ₹139 Cr 12.1% | ₹124 Cr |
| Op. Profit | ₹149 Cr 22.1% | ₹122 Cr 8.3% | ₹133 Cr 15.7% | ₹115 Cr 5.0% | ₹121 Cr 7.1% | ₹113 Cr 5.8% | ₹120 Cr 21.2% | ₹99 Cr |
| OPM | 86.0% 2.4% | 84.0% 3.4% | 87.0% 7.4% | 81.0% 4.7% | 85.0% 1.2% | 86.0% 0.0% | 86.0% 7.5% | 80.0% |
| Net Profit | ₹130 Cr 9.2% | ₹119 Cr 3.3% | ₹123 Cr 1.7% | ₹121 Cr 3.4% | ₹117 Cr 9.3% | ₹107 Cr 0.9% | ₹108 Cr 12.5% | ₹96 Cr |
| EPS (₹) | 1.46 9.0% | 1.34 2.9% | 1.38 2.2% | 1.35 3.1% | 1.31 9.2% | 1.2 0.8% | 1.21 12.0% | 1.08 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹616 Cr 14.7% | ₹537 Cr 19.6% | ₹449 Cr 12.0% | ₹401 Cr 7.0% | ₹431 Cr 35.5% | ₹318 Cr 23.7% | ₹257 Cr 1.2% | ₹254 Cr |
| Expenses | ₹96 Cr 14.3% | ₹84 Cr 16.7% | ₹72 Cr 12.5% | ₹64 Cr 4.5% | ₹67 Cr 0.0% | ₹67 Cr 21.8% | ₹55 Cr 7.8% | ₹51 Cr |
| Op. Profit | ₹520 Cr 14.5% | ₹454 Cr 20.4% | ₹377 Cr 12.2% | ₹336 Cr 7.7% | ₹364 Cr 45.0% | ₹251 Cr 24.3% | ₹202 Cr 0.5% | ₹203 Cr |
| OPM | 84.0% 0.0% | 84.0% 0.0% | 84.0% 0.0% | 84.0% 0.0% | 84.0% 6.3% | 79.0% 0.0% | 79.0% 1.3% | 80.0% |
| Other Income | ₹151 Cr 11.9% | ₹135 Cr 20.5% | ₹112 Cr 30.2% | ₹86 Cr 41.0% | ₹61 Cr 60.5% | ₹38 Cr 5.0% | ₹40 Cr 0.0% | ₹40 Cr |
| Interest | ₹2 Cr 33.3% | ₹3 Cr 0.0% | ₹3 Cr 50.0% | ₹2 Cr 0.0% | ₹2 Cr 0.0% | ₹2 Cr 0.0% | ₹2 Cr 100.0% | ₹1 Cr |
| Depreciation | ₹23 Cr 9.5% | ₹21 Cr 5.0% | ₹20 Cr 5.3% | ₹19 Cr 11.8% | ₹17 Cr 0.0% | ₹17 Cr 13.3% | ₹15 Cr 50.0% | ₹10 Cr |
| PBT | ₹646 Cr 14.3% | ₹565 Cr 21.2% | ₹466 Cr 15.9% | ₹402 Cr 0.7% | ₹405 Cr 50.0% | ₹270 Cr 19.5% | ₹226 Cr 2.6% | ₹232 Cr |
| Tax % | 24.0% 0.0% | 24.0% 4.0% | 25.0% 4.2% | 24.0% 0.0% | 24.0% 0.0% | 24.0% 9.1% | 22.0% 24.1% | 29.0% |
| Net Profit | ₹493 Cr 14.9% | ₹429 Cr 22.2% | ₹351 Cr 14.7% | ₹306 Cr 1.0% | ₹309 Cr 50.7% | ₹205 Cr 16.5% | ₹176 Cr 6.7% | ₹165 Cr |
| EPS (₹) | 5.53 15.0% | 4.81 22.4% | 3.93 14.6% | 3.43 0.3% | 3.44 50.2% | 2.29 16.8% | 1.96 8.3% | 1.81 |
| Div Payout | 63.0% 1.6% | 62.0% 1.6% | 63.0% 117.2% | 29.0% 50.0% | 58.0% 0.0% | 58.0% 38.1% | 42.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||
| Equity Capital | ₹89 Cr 0.0% | ₹89 Cr 0.0% | ₹89 Cr 0.0% | ₹89 Cr 1.1% | ₹90 Cr 200.0% | ₹30 Cr 0.0% | ₹30 Cr 0.0% | ₹30 Cr |
| Reserves | ₹1.3K Cr 21.8% | ₹1.0K Cr 18.6% | ₹883 Cr 24.4% | ₹710 Cr 15.6% | ₹614 Cr 23.8% | ₹496 Cr 38.5% | ₹358 Cr 5.3% | ₹340 Cr |
| Borrowings | ₹11 Cr 83.3% | ₹6 Cr 40.0% | ₹10 Cr 28.6% | ₹14 Cr 40.0% | ₹10 Cr 16.7% | ₹12 Cr 14.3% | ₹14 Cr | ₹0 Cr |
| Other Liabilities | ₹1.1K Cr 0.6% | ₹1.1K Cr 33.2% | ₹791 Cr 23.6% | ₹640 Cr 34.9% | ₹983 Cr 121.4% | ₹444 Cr 67.5% | ₹265 Cr 20.9% | ₹335 Cr |
| Total Liabilities | ₹2.4K Cr 10.9% | ₹2.2K Cr 23.8% | ₹1.8K Cr 22.1% | ₹1.5K Cr 14.3% | ₹1.7K Cr 72.7% | ₹982 Cr 47.2% | ₹667 Cr 5.5% | ₹706 Cr |
Assets | ||||||||
| Fixed Assets | ₹97 Cr 11.5% | ₹87 Cr 13.9% | ₹101 Cr 8.2% | ₹110 Cr 0.0% | ₹110 Cr 9.1% | ₹121 Cr 1.7% | ₹119 Cr 7.2% | ₹111 Cr |
| CWIP | ₹5 Cr 25.0% | ₹4 Cr 0.0% | ₹4 Cr 0.0% | ₹4 Cr 20.0% | ₹5 Cr 28.6% | ₹7 Cr 75.0% | ₹4 Cr 300.0% | ₹1 Cr |
| Investments | ₹2.0K Cr 22.0% | ₹1.6K Cr 22.7% | ₹1.3K Cr 9.2% | ₹1.2K Cr 2.3% | ₹1.2K Cr 75.0% | ₹713 Cr 40.1% | ₹509 Cr 7.2% | ₹475 Cr |
| Other Assets | ₹341 Cr 27.8% | ₹472 Cr 40.1% | ₹337 Cr 178.5% | ₹121 Cr 63.7% | ₹333 Cr 136.2% | ₹141 Cr 291.7% | ₹36 Cr 69.5% | ₹118 Cr |
| Total Assets | ₹2.4K Cr 10.9% | ₹2.2K Cr 23.8% | ₹1.8K Cr 22.1% | ₹1.5K Cr 14.3% | ₹1.7K Cr 72.7% | ₹982 Cr 47.2% | ₹667 Cr 5.5% | ₹706 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹433 Cr 1.4% | ₹427 Cr 43.3% | ₹298 Cr 1395.7% | ₹-23 Cr 103.0% | ₹762 Cr 149.0% | ₹306 Cr 142.9% | ₹126 Cr 8.7% | ₹138 Cr |
| Investing CF | ₹-231 Cr 17.9% | ₹-196 Cr 716.7% | ₹-24 Cr 134.3% | ₹70 Cr 115.6% | ₹-448 Cr 128.6% | ₹-196 Cr 6433.3% | ₹-3 Cr 95.2% | ₹-62 Cr |
| Financing CF | ₹-272 Cr 0.0% | ₹-272 Cr 48.6% | ₹-183 Cr 14.9% | ₹-215 Cr 58.1% | ₹-136 Cr 76.6% | ₹-77 Cr 52.2% | ₹-161 Cr 106.4% | ₹-78 Cr |
| Net Cash Flow | ₹-70 Cr 70.7% | ₹-41 Cr 145.1% | ₹91 Cr 154.5% | ₹-167 Cr 193.8% | ₹178 Cr 439.4% | ₹33 Cr 186.8% | ₹-38 Cr 1800.0% | ₹-2 Cr |
| Free Cash Flow | ₹418 Cr 0.5% | ₹420 Cr 47.9% | ₹284 Cr 1016.1% | ₹-31 Cr 104.1% | ₹751 Cr 163.5% | ₹285 Cr 141.5% | ₹118 Cr 12.6% | ₹135 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1d 50.0% | 2d 97.1% | 70d 1066.7% | 6d 91.9% | 74d 1750.0% | 4d | 0d 100.0% | 66d |
| Inventory Days | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 1d 50.0% | 2d 97.1% | 70d 1066.7% | 6d 91.9% | 74d 1750.0% | 4d | 0d 100.0% | 66d |
| Working Capital Days | -469d 3.3% | -485d 3.2% | -501d 7.2% | -540d 25.4% | -724d 80.1% | -402d 22.9% | -327d 11.9% | -371d |
| ROCE | 51.0% 3.8% | 53.0% 6.0% | 50.0% 0.0% | 50.0% 18.0% | 61.0% 10.9% | 55.0% 1.8% | 56.0% | — |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Indian Energy Exchange Limited
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]
Financial ServicesCapital Markets