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Indian Energy Exchange Limited

Indian Energy Exchange Limited

IEX.BO
Indian Energy Exchange LimitedIN flagBombay Stock Exchange
125.20
INR
+2.00
- -
111.34BMarket Cap
Indian Energy Exchange Limited
IEX.BO
(Bombay Stock Exchange)

Recent

price

125.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1.33
1.68
1.59
1.93
2.32
2.6
2.8
2.87
10.64
4.81
4.47
5.05
6.05
- -
6.26
Revenue per Share
0.73
1.01
0.99
1.1
1.31
1.49
1.82
1.96
6.91
3.45
3.42
3.94
4.83
- -
5.11
Basic EPS, GAAP
0.81
0.83
0.94
0.96
2.38
0.12
1.53
1.32
9.56
8.38
-0.35
3.18
4.72
- -
- -
Free Cash Flow per Basic Share
0.07
0.1
0.72
0.63
1.05
1.19
0.73
0.83
2.5
1.5
1
2
3
- -
- -
Dividend per Share
1.37
2.16
1.92
2.28
2.47
2.45
3.33
4.23
17.23
7.69
8.73
10.74
12.58
- -
- -
Book Value per Share
1.76
2.67
2.54
2.96
3.19
1.94
2.93
3.21
15.17
6.8
7.93
9.98
11.94
- -
- -
Tangible Book Value per Share
910
910
910
910
858
886
905
895
298
896
895
889
889
- -
887
Basic Weighted Avg Shares
1,213
1,526
1,448
1,756
1,993
2,303
2,539
2,569
3,176
4,308
4,006
4,488
5,373
6,156
5,555
Sales/Revenue/Turnover
68.32
73.1
70.1
69.78
70.73
75.82
75.81
72.76
73.87
80.48
79.38
79.42
80.49
80.69
80.69
Operating Margin (%)
57
27
29
34
34
103
104
152
165
172
186
205
213
233
215
Depreciation Expense
663
919
900
1,003
1,136
1,317
1,650
1,757
2,061
3,093
3,059
3,508
4,292
4,929
4,534
Net Income, GAAP
28.61
30.8
32.06
31.57
34.67
34.16
28.79
22.12
24.04
23.84
23.88
24.75
23.98
23.64
23.79
Effective Tax Rate (%)
54.68
60.24
62.16
57.15
57
57.19
65.01
68.4
64.89
71.78
76.36
78.16
79.88
80.07
81.63
Profit Margin (%)
1,487
2,095
2,195
2,263
1,718
1,017
820
1,092
3,546
5,195
1,612
4,323
5,772
10,137
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
117
100
80
104
62
20
65
- -
LT Debt
1,716
2,529
2,399
2,735
2,782
2,837
3,703
3,880
5,558
7,034
7,991
9,722
11,363
13,646
- -
Total Equity
- -
36.14
27.83
32.36
32.77
39.77
41.08
37.45
36.51
40.98
31.51
29.66
30.73
29.94
- -
Return on Invested Capital (%)
- -
55.68
47.41
52.15
54.1
61.29
63.88
50.99
43.93
49.63
41.16
40.06
41.26
80.8
438.15
Return on Capital (%)
- -
57.21
48.46
52.47
53.44
61.43
63.68
51.67
46.15
51.4
41.58
40.38
41.4
81.67
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
42
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
20
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
889
- -
Market Capitalization
161,522
156,100
171,343

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
15,837
- -
Cash, Cash Equivalents & STI
- -
9,678
- -
Accounts Receivable, Net
- -
26
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
10,066
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
42
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.1%
19.76%
20.09%
Free Cash Flow
46.68%
-177.63%
-0.34%
Net Income, GAAP
17.91%
20.17%
14.85%
Sales/Revenue/Turnover
13.91%
14.99%
14.59%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,040
1,085
1,153
1,210
4,488
2025
1,236
1,394
1,321
1,422
5,373
2026
1,418
1,457
1,743
- -
6,156

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.85
0.97
1.03
- -
3.94
2025
1.08
1.22
1.21
1.32
4.83
2026
1.36
1.34
1.45
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2
2025
- -
- -
- -
- -
3
2026
- -
- -
- -
- -
- -
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Business
Indian Energy Exchange Limited (IEX) operates India's premier electronic power trading platform, regulated by the Central Electricity Regulatory Commission, facilitating automated nationwide trading for the physical delivery of electricity, renewable energy, and certificates. Founded in 2008 and headquartered in Noida, India, the company offers core products including Day-Ahead Market for power delivery within 24 hours via double-sided closed auctions with uniform pricing; Term-Ahead Market for term-based electricity contracts; Real-Time Market for hourly delivery; Green Day-Ahead Market and Green Term-Ahead Market for renewable energy such as solar and wind; Renewable Energy Certificates representing 1 MWh from renewables; Energy Saving Certificates for verified energy savings; Cross-Border Electricity Trade with South Asian neighbors like Bangladesh and the Philippines; and capacity trading platforms. Through its wholly owned subsidiary Indian Gas Exchange (IGX), operating from hubs in Hazira, Dahej, and KG Basin, IEX enables spot and forward gas contracts. Serving over 8,100 participants across 28 states and 8 union territories—including 60-plus distribution utilities, 700-plus conventional generators, and 4,900-plus commercial and industrial consumers in sectors like metals, cement, IT, and real estate—the platform enhances price discovery, transparency, procurement flexibility, and payment security in the power sector value chain. In recent developments, IEX received Central Electricity Regulatory Commission approval in January 2025 to launch green energy markets, expanding renewable trading; completed its first cross-border power deal with Bangladesh in June 2025; initiated a real-time electricity market segment in July 2025; obtained regulatory nods in August 2025 for gas trading expansion via IGX; launched a coal trading segment; approved a Rs 200 crore share buyback in April 2025; and announced a strategic partnership with National Grid Corporation of the Philippines in March 2025 for regional power opportunities, alongside enhancements in digital trading modules and a 20% capacity increase in green energy trading. The company, which holds an approximately 85% market share as of 9MFY25, reported record trading volumes exceeding 11,233 MU in October 2025, up 16.5% year-over-year, driven by renewable certificates demand and supply liquidity. IEX continues to innovate with International Carbon Exchange (ICX) as India's first accredited issuer of global I-RECs since September 2024, aligning with India's energy transition and renewable targets.