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Indian Energy Exchange Limited

Indian Energy Exchange Limited

IEX.NS
Indian Energy Exchange LimitedIN flagNational Stock Exchange of India
122.46
INR
-1.23
- -
108.90BMarket Cap
Indian Energy Exchange Limited
IEX.NS
(National Stock Exchange of India)

Recent

price

122.46

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
6.92
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
5.54
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
4.7
- -
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
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
1
- -
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
14.52
- -
Tangible Book Value per Share
910
910
910
910
858
886
905
895
298
896
895
889
889
890
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
161,637
156,207
171,352

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
- -
5.54

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2
2025
- -
- -
- -
- -
3
2026
- -
- -
- -
- -
3
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Business
Indian Energy Exchange Limited (IEX) operates India's premier automated trading platform for the physical delivery of electricity, renewable energy, and certificates, regulated by the Central Electricity Regulatory Commission. Founded in 2007 and commencing operations in June 2008, the company is headquartered in Noida, Uttar Pradesh, and serves over 8,100 stakeholders across 28 states and 8 union territories, including more than 4,900 commercial and industrial users in sectors such as metals, textiles, cement, chemicals, automobiles, information technology, and real estate; it holds an approximately 85% market share in India's power exchange segment. Core products and services encompass Day-Ahead Market (DAM) electricity contracts for next-day delivery via closed auctions with uniform pricing; Term-Ahead Market (TAM) contracts up to 11 days ahead including intra-day, day-ahead contingency, and term-ahead options under CERC regulations; Real-Time Market (RTM) for 15-minute delivery intervals; Green Term-Ahead Market (GTAM) and Green DAM for renewable energy trading such as solar and wind; Renewable Energy Certificates (RECs) and Energy Saving Certificates (ESCerts) representing saved or renewably generated megawatt-hours; Cross-Border Electricity Trade (CBET) pioneered with Nepal in 2021 and expanded to Bhutan and Bangladesh in DAM and TAM; and a wholly owned subsidiary, Indian Gas Exchange (IGX), for spot and forward natural gas contracts at hubs including Hazira, Dahej, and KG Basin. Recent developments include Central Electricity Regulatory Commission approval in January 2025 for new green energy markets to bolster renewable trading; a strategic partnership in March 2025 with the National Grid Corporation of the Philippines for regional power trade exploration; completion of the first CBET deal with Bangladesh in June 2025; regulatory nod in August 2025 to enter gas trading markets for portfolio diversification; a Rs.200 crore share buyback approved in April 2025; launch of a real-time electricity market segment in July 2025 for grid balancing; and a 20% planned capacity increase in green energy trading announced in September 2025 to align with India's renewable targets, alongside record trading volumes exceeding 11,233 million units in October 2025, up 16.5% year-over-year.