Indian Energy Exchange Limited
₹101.00-₹4.40 (-4.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹12,598 Cr
- P/E
- 28.0x
- EV / EBITDA
- 26.1x
- Revenue
- ₹535 Cr
- Net margin
- 75.9%
- ROCE
- 21.1%
Price chart
Technical chartScreen technicals →-29.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -5.6%
- 3M
- -23.1%
- 6M
- -19.4%
- 1Y
- -29.7%
- 5Y
- -58.9%
52-week range
Day change -₹4.40 (-4.2%) from ₹105 to ₹101 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in IEX, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 37.8%
Concerns0
Rule-based from financial data. Not advice.
About the company
Indian Energy Exchange Limited provides automated trading platform for physical delivery of electricity, renewable energy, and certificates.
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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.
- Sector
- Financial Services
- Shares outstanding
- 89.3 Cr shares
- ISIN
- INE022Q01020
- BSE code
- 540750
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹12,598 Cr
- P/E
- 28.0x
- P/B
- 10.4x
- EV / EBITDA
- 26.1x
- EV / Sales
- 27.9x
- P/S
- 28.1x
- Earnings yield
- 3.6%
- 52-week high
- ₹154.75
- 52-week low
- ₹101.00
Profitability
- Operating margin
- 84.4%
- Net margin
- 75.9%
- EBITDA margin
- 107.1%
- ROE
- 37.8%
- ROCE
- 21.1%
- ROA
- 19.5%
- Dividend payout
- 65.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 22.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹535 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 19.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹481 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 17.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.7%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.9%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹300 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -1463.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹41.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.5%
Solvency and efficiency
- Current ratio
- 2.08
- Debt / Assets
- 0.01
- Debt / EBITDA
- 0.02
- Financial leverage
- 1.84
- CFO / Net profit
- 0.88
- Cash / Market cap
- 2.7%
- Cash per share
- ₹3.76
- Asset turnover
- 0.26
- Fixed asset turnover
- 4.45
- Capital intensity
- 0.22
- Debtor days
- 1 days
- Cash conversion cycle
- 1 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹78 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹80 Cr |
| Sales | Operating profit | ₹455 Cr |
| Operating profit | Interest | ₹3 Cr |
| Operating profit | Depreciation | ₹21 Cr |
| Operating profit | Profit before tax | ₹431 Cr |
| Other income | Profit before tax | ₹119 Cr |
| Profit before tax | Tax and other | ₹135 Cr |
| Profit before tax | Net profit | ₹415 Cr |
Revenue and net profit
Revenue grew 19.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹317 Cr | ₹213 Cr |
| FY2022 | ₹426 Cr | ₹303 Cr |
| FY2023 | ₹401 Cr | ₹293 Cr |
| FY2024 | ₹449 Cr | ₹341 Cr |
| FY2025 | ₹535 Cr | ₹415 Cr |
Cash flows
FY2025: ₹430 Cr from operations, ₹231 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹304 Cr | ₹110 Cr |
| FY2022 | ₹788 Cr | ₹315 Cr |
| FY2023 | -₹22 Cr | ₹48 Cr |
| FY2024 | ₹300 Cr | ₹274 Cr |
| FY2025 | ₹430 Cr | ₹231 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹535 Cr+19.2%1Y
- Net profit
- ₹415 Cr+21.7%1Y
- Cash from operations
- ₹430 Cr
- Free cash flow
- ₹231 Cr-15.7%1Y
- Revenue CAGR, 5Y
- 11.8%
- EBITDA CAGR, 5Y
- 14.5%
- Net profit CAGR, 5Y
- 13.9%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹535 Cr | ₹455 Cr | — | ₹415 Cr | ₹430 Cr | ₹231 Cr | 37.8% | +19.2% | +21.7% |
Monthly returns
Month-by-month returns of IEX across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,157 Cr |
| Equity capital | ₹89 Cr |
| Reserves | ₹1,009 Cr |
| Borrowings | ₹6 Cr |
| Other liabilities | ₹1,053 Cr |
| Assets | ₹2,157 Cr |
| Fixed assets | ₹87 Cr |
| Capital work in progress | ₹4 Cr |
| Investments | ₹1,597 Cr |
| Other assets | ₹469 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
IEX trades at 28.0x earnings against a peer median of 26.9x.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Indian Energy Exchange LimitedIEXthis company | ₹12,598 Cr | 28.0x | 10.4x | 37.8% | 26.1x |
| UTI Asset Management Company LimitedUTIAMC | ₹13,871 Cr | 21.4x | 3.9x | 17.3% | 17.0x |
| Aptus Value Housing Finance India LimitedAPTUS | ₹13,728 Cr | 20.6x | 3.4x | 15.2% | 17.2x |
| Canara HSBC Life Insurance Company LimitedCANHLIFE | ₹13,445 Cr | 111.0x | — | 7.7% | 89.7x |
| JM Financial LimitedJMFINANCIL | ₹12,963 Cr | 22.3x | 2.8x | 12.1% | 30.1x |
| Can Fin Homes Ltd.CANFINHOME | ₹11,907 Cr | 12.9x | 2.2x | 16.9% | — |
| Sammaan Capital LimitedSAMMAANCAP | ₹11,756 Cr | 10.2x | 0.5x | 4.1% | — |
| IIFL CAPITAL SERVICES LIMITEDIIFLCAPS | ₹11,514 Cr | 23.7x | 4.6x | 27.2% | 11.8x |
| AAVAS Financiers LimitedAAVAS | ₹11,462 Cr | 19.0x | 2.4x | 13.2% | — |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
IEX since 1 January, against earlier years.
Historical volatility
IEX's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 82.0% |
| FY2022 | 86.0% |
| FY2023 | 84.0% |
| FY2024 | 84.0% |
| FY2025 | 85.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹535 Cr |
| Costs | |
| Interest | ₹3 Cr |
| Expenses | ₹80 Cr |
| Operating profitOperating Profit | ₹455 Cr |
| Other income and charges | |
| Profit before tax | ₹550 Cr |
| Tax | |
| Net profitNet Profit | ₹415 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,157 Cr |
| Equity capitalEquity Capital | ₹89 Cr |
| Reserves | ₹1,009 Cr |
| Borrowings | ₹6 Cr |
| Other liabilitiesOther Liabilities | ₹1,053 Cr |
| AssetsTotal Assets | ₹2,157 Cr |
| Fixed assetsFixed Assets | ₹87 Cr |
| Capital work in progressCWIP | ₹4 Cr |
| Investments | ₹1,597 Cr |
| Other assetsOther Assets | ₹469 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹430 Cr |
| Investing cash flowCash from Investing Activity | -₹199 Cr |
| Financing cash flowCash from Financing Activity | -₹272 Cr |
| Change in cashNet Cash Flow | -₹41 Cr |
Learn while you research
Academy chapters picked for Indian Energy Exchange Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read