IEX
Indian Energy Exchange Limited (IEX) Stock Analysis
Indian Energy Exchange Limited operates India's leading power trading platform for electricity and related contracts. Market participants use it for day-ahead, term-ahead, and renewable certificate transactions. The company earns fees on volumes cleared on its exchange. It is central to India's power market liberalization.
Financial Services › Capital Markets
₹106.40
+1.47% 1W | -23.00% 52W
Market Cap
9.5k CR
P/E Ratio
18.6
52W High
₹160.3
52W Low
₹103.5
Div. Yield
3.83%
Beta
0.4
50 DMA
₹117.5
200 DMA
₹123.8
Profit Margin
66.2%
Inst. Own.
34.3%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 104 | 109 | 115 | 121 | 124 | 139 | 132 | 142 | 142 | 154 | 146 | 174 | 158 |
| Expenses | 22 | 17 | 17 | 17 | 24 | 20 | 19 | 21 | 26 | 20 | 24 | 25 | 27 |
| Operating Profit | 82 | 92 | 99 | 105 | 99 | 120 | 113 | 121 | 115 | 133 | 122 | 149 | 131 |
| OPM % | 78% | 85% | 86% | 86% | 80% | 86% | 86% | 85% | 81% | 87% | 84% | 86% | 83% |
| Other Income | 25 | 28 | 29 | 30 | 34 | 31 | 32 | 37 | 49 | 34 | 42 | 27 | 53 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 |
| Profit before tax | 101 | 114 | 122 | 129 | 128 | 145 | 139 | 152 | 158 | 161 | 157 | 169 | 177 |
| Tax % | 25% | 24% | 25% | 25% | 25% | 25% | 23% | 23% | 24% | 23% | 24% | 23% | 24% |
| Net Profit | 76 | 86 | 92 | 97 | 96 | 108 | 107 | 117 | 121 | 123 | 119 | 130 | 135 |
| EPS in Rs | 0.85 | 0.97 | 1.03 | 1.08 | 1.08 | 1.21 | 1.20 | 1.31 | 1.35 | 1.38 | 1.34 | 1.46 | 1.51 |
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 254 | 257 | 318 | 431 | 401 | 449 | 537 | 616 | 632 |
| Expenses | 51 | 55 | 67 | 67 | 64 | 72 | 84 | 96 | 96 |
| Operating Profit | 203 | 202 | 251 | 364 | 336 | 377 | 454 | 520 | 536 |
| OPM % | 80% | 79% | 79% | 84% | 84% | 84% | 84% | 84% | 85% |
| Other Income | 40 | 40 | 38 | 61 | 86 | 112 | 135 | 151 | 155 |
| Interest | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 2 |
| Depreciation | 10 | 15 | 17 | 17 | 19 | 20 | 21 | 23 | 24 |
| Profit before tax | 232 | 226 | 270 | 405 | 402 | 466 | 565 | 646 | 664 |
| Tax % | 29% | 22% | 24% | 24% | 24% | 25% | 24% | 24% | |
| Net Profit | 165 | 176 | 205 | 309 | 306 | 351 | 429 | 493 | 507 |
| EPS in Rs | 1.81 | 1.96 | 2.29 | 3.44 | 3.43 | 3.93 | 4.81 | 5.53 | 5.69 |
| Dividend Payout % | 0% | 42% | 58% | 58% | 29% | 63% | 62% | 63% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 15.0% | 14.0% | – |
| Profit CAGR | 19.0% | 20.0% | – |
Shareholding Pattern
FIIs18.53%
DIIs34.12%
Public47.07%
FIIs13.20%
DIIs36.43%
Public50.11%
FIIs11.42%
DIIs34.95%
Public53.37%
FIIs14.16%
DIIs30.26%
Public55.31%
FIIs12.63%
DIIs31.47%
Public55.63%
FIIs17.88%
DIIs21.53%
Public60.32%
FIIs10.89%
DIIs27.24%
Public61.57%
FIIs16.13%
DIIs34.15%
Public49.47%
FIIs14.16%
DIIs30.26%
Public55.31%
FIIs12.63%
DIIs31.47%
Public55.63%
IEX
Holdings Analysis
Key strengths & risk signals
58
Overall
77
Fundamental
40
Technical
Risks (4)
TOO MUCH PUBLIC HOLDING! 61.33% public ownership - higher volatility risk.
POOR YEAR! Stock declined 23.0% in the last year.
WEAK POSITION! Current price (106.4) is below both moving averages.
WEAK! Trading at 5.1% of 52W range - near yearly lows.
Strengths (3)
EXCELLENT EFFICIENCY! 66.2% profit margin - company keeps strong profits.
LOW VOLATILITY! Beta of 0.40 - stable stock, less market risk.
APPROACHING OVERSOLD! RSI at 37.8 - watch for reversal.
Fundamental & Technical Analysis
58Overall
77Fundamental
40Technical
Fundamental Breakdown
Growth Quality
26/30
Revenue CAGR: 15.4% (VERY GOOD, 13/15). Profit CAGR: 17.2% (VERY GOOD, 13/15).
Profit Margin
10/10
EXCELLENT EFFICIENCY! 66.2% profit margin - company keeps strong profits.
PEG Valuation
9/10
FAIRLY VALUED! PEG of 1.08 indicates reasonable valuation.
Dividend Yield
7/10
GOOD DIVIDEND! 3.83% yield - decent income potential.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.01 - excellent financial health.
Public Holding
5/20
TOO MUCH PUBLIC HOLDING! 61.33% public ownership - higher volatility risk.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
5/10
BEARISH TREND! 50-day average (117.5) is below 200-day average (123.8) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (106.4) is below both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
1/10
POOR YEAR! Stock declined 23.0% in the last year.
Volume Sentiment
10/30
BEARISH SENTIMENT! In last 30 days: 11 up days, 18 down days. Avg volume on up days: 3,105,186 vs down days: 4,184,721. Ratio: 0.74x
RSI
4/5
APPROACHING OVERSOLD! RSI at 37.8 - watch for reversal.
52W Range
1/5
WEAK! Trading at 5.1% of 52W range - near yearly lows.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - 1.5% (1 week), -6.6% (1 month), -10.5% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.40 - stable stock, less market risk.
IEX
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-07-31 | Concall PDF | |
| Q3FY262026-02-05 | Concall PDF | |
| Q2FY262025-11-07 | Concall PDF |
Peer Comparison
Financial Services · Capital Markets · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IEX | ₹106.40 | 18.6 | 66.2% | 15.4% | 17.2% | -23.0% | 58 | BREAKDOWN | +11.7% | +3.9% | +11.4% | -9.4% |
| IIFLCAPS | ₹342.90 | 19.8 | 24.5% | 19.9% | 30.9% | +5.0% | 73 | APPROACHING RESISTANCE | +5.0% | +60.5% | -0.9% | -2.5% |
| JMFINANCIL | ₹120.40 | 11 | 30.9% | 19.1% | 26.3% | -31.9% | 63 | APPROACHING SUPPORT | -35.7% | +76.5% | -10.3% | +33.1% |
| CHOICEIN | ₹735.70 | 65.3 | 20.2% | 42.3% | 53.6% | -12.5% | 73 | APPROACHING SUPPORT | +22.9% | -8.3% | +32.1% | +1.0% |
| SGFIN | ₹680.00 | 28.1 | 39.0% | 102.3% | 90.7% | +72.0% | 84 | BREAKOUT | +119.2% | +27.0% | +101.6% | +28.6% |
| SHAREINDIA | ₹195.20 | 11.8 | 25.6% | 9.6% | -0.5% | +33.4% | 66 | APPROACHING SUPPORT | +47.4% | +114.7% | +44.7% | -10.2% |
| MONARCH | ₹340.40 | 15.1 | 50.5% | 10.9% | 61.6% | +9.2% | 72 | APPROACHING SUPPORT | -0.2% | -0.9% | +47.1% | +29.6% |
| SMCGLOBAL | ₹117.40 | 23.8 | 6.2% | 16.0% | -1.0% | +72.3% | 72 | BREAKOUT | +24.6% | +75.4% | +22.8% | -1.2% |
Data from TradeAlone · Updated daily
IEX News
Indian Energy Exchange Limited (IEX) Achieves 77.2 BU Electricity Traded Volume in H1 FY’272026-10-06Indian Energy Exchange Limited Expands Energy Markets Footprint2026-09-28Indian Energy Exchange Ltd (IEX) August’26: Highest Ever Monthly Electricity Traded Volume2026-09-03Indian Energy Exchange Limited (IEX) July’26 Market Update: Electricity Traded Volume Up 7.7% Yoy2026-08-04Indian Energy Exchange Limited (IEX) Announces Unaudited Financial Results for Q1 FY’272026-07-23Indian Energy Exchange Limited (NSE: IEX) breaks out, gains 5% intraday2026-07-16Indian Energy Exchange Limited (IEX) Q1fy’27: Electricity Traded Volume Up 15.9% Yoy2026-07-03Indian Energy Exchange Ltd May’26: Electricity Traded Volume Up 18.6% Yoy2026-06-03Iex Records 16.6% Yoy Growth in Electricity Traded Volume in April 20262026-05-05IEX Sees 16.6% YOY Rise in Electricity Traded Volume in April ’262026-05-05
