Indian Energy Exchange Ltd. (IN:IEX)
:IEX
Want to see IN:IEX full AI Analyst Report?
IEX Stock Chart & Stats
₹154.75
₹0.15(0.09%)
At close: 4:00 PM EST
₹154.75
₹0.15(0.09%)
Day’s Range― - ―
52-Week Range₹114.50 - ₹211.75
Previous CloseN/A
Volume4.18M
Average Volume (3M)274.69K
Market Cap
₹104.42B
Enterprise Value₹113.17B
Total Cash (Recent Filing)₹13.88B
Total Debt (Recent Filing)₹48.84M
Price to Earnings (P/E)21.3
Beta1.30
Next Earnings
Jul 23, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield3.23%
Share Statistics
EPS (TTM)5.28
Shares Outstanding891,692,750
10 Day Avg. Volume234,014
30 Day Avg. Volume274,691
Financial Highlights & Ratios
PEG Ratio1.41
Price to Book (P/B)7.48
Price to Sales (P/S)16.58
P/FCF Ratio20.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹100.00Price Target Upside-35.38% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)6.03
Revenue Forecast (FY)₹6.73B
Bulls Say, Bears Say
Bulls Say
Balance Sheet StrengthThe company's ultra-conservative balance sheet with very low leverage and a steadily growing equity base provides durable financial resilience. Strong, stable ROE (~36–44%) indicates efficient capital use, enabling capital allocation flexibility for investment, dividends, or opportunistic M&A without straining liquidity.
High And Sustainable MarginsIEX reports exceptionally high gross and net margins that reflect a scalable, low-capex exchange model. These margins support durable profitability and internal funding capacity, allowing the business to sustain earnings and reinvest in platform and product capabilities even if volume growth moderates.
Scalable Fee-Based Business ModelThe transaction-fee model scales with traded volumes and benefits from structural adoption of exchange-based procurement and market data services. This revenue leverage creates long-term upside as participation and liquidity grow, with incremental revenue largely outpacing marginal operating costs.
Bears Say
Uneven Revenue GrowthRevenue has been cyclical and uneven, reflecting sensitivity to traded volumes and market conditions. Such top-line volatility constrains predictability of earnings growth and makes multi-year planning and capacity investments harder, reducing confidence in steady long-term expansion.
Cash-Flow VolatilityDespite high accounting profitability, operating and free cash flow have swung materially, including a sharp negative year in FY2023. Persistent cash-flow volatility undermines reliability of internal funding for capex, dividends, or buybacks and complicates prudent capital allocation.
Dependence On Volumes And RegulationThe firm's earnings materially depend on exchange volumes and the regulatory setting for fee structures. Structural changes—slower adoption of exchange procurement or regulatory fee caps—could durably limit revenue upside and margin sustainability, representing a governance and policy risk to profits.
Indian Energy Exchange Ltd. News
IEX FAQ
What was Indian Energy Exchange Ltd.’s price range in the past 12 months?
Indian Energy Exchange Ltd. lowest stock price was ₹114.50 and its highest was ₹211.75 in the past 12 months.
What is Indian Energy Exchange Ltd.’s market cap?
Indian Energy Exchange Ltd.’s market cap is ₹104.42B.
When is Indian Energy Exchange Ltd.’s upcoming earnings report date?
Indian Energy Exchange Ltd.’s upcoming earnings report date is Jul 23, 2026 which is in 40 days.
How were Indian Energy Exchange Ltd.’s earnings last quarter?
Indian Energy Exchange Ltd. released its earnings results on Apr 23, 2026. The company reported ₹1.41 earnings per share for the quarter, missing the consensus estimate of ₹1.506 by -₹0.096.
Is Indian Energy Exchange Ltd. overvalued?
According to Wall Street analysts Indian Energy Exchange Ltd.’s price is currently Overvalued.
Does Indian Energy Exchange Ltd. pay dividends?
Indian Energy Exchange Ltd. pays a Quarterly dividend of ₹2 which represents an annual dividend yield of 3.23%. See more information on Indian Energy Exchange Ltd. dividends here
What is Indian Energy Exchange Ltd.’s EPS estimate?
Indian Energy Exchange Ltd.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Indian Energy Exchange Ltd. have?
Indian Energy Exchange Ltd. has 891,692,750 shares outstanding.
What happened to Indian Energy Exchange Ltd.’s price movement after its last earnings report?
Indian Energy Exchange Ltd. reported an EPS of ₹1.41 in its last earnings report, missing expectations of ₹1.506. Following the earnings report the stock price went up 0.874%.
Which hedge fund is a major shareholder of Indian Energy Exchange Ltd.?
Currently, no hedge funds are holding shares in IN:IEX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Indian Energy Exchange Ltd.
Indian Energy Exchange Limited (IEX) operates a prominent digital platform for electricity trading, facilitating efficient buying, selling, and price discovery of power and related products. It offers robust risk management solutions for all participants in the electricity market. IEX's diverse product portfolio includes: Day-Ahead Market (DAM): A physical electricity trading venue for deliveries in 15-minute blocks over the subsequent 24-hour period. Term-Ahead Market (TAM): Provides a range of contract options for participants to trade electricity on an intra-day, day-ahead contingency, or term-ahead basis. Real-Time Market (RTM): Features half-hourly auctions where power is delivered approximately one hour after the auction's gate closure. Renewable Energy Certificates (RECs): Designed to simplify the procurement of green energy by state utilities and other obligated entities. Green Day-Ahead Market (GDAM): A double-sided, closed collective auction for renewable energy conducted on a day-ahead basis. Cross-Border Electricity Trade (CBET): An initiative aimed at fostering an integrated power market across South Asia. Energy Saving Certificates (ESCs): Market-based instruments tailored for consumers in energy-intensive industries such as aluminum, cement, thermal power plants, distribution utilities, refineries, railways, fertilizer, and iron & steel. Incorporated in 2007, Indian Energy Exchange Limited is headquartered in New Delhi, India.
IEX Stock 12 Month Forecast
Average Price Target
₹100.00
▼(-35.38% Downside)
Technical Analysis
Angel One Limited
―
Central Depository Services (India) Limited
―
Choice International Limited
―
Edelweiss Financial Services Limited
―
Monarch Networth Capital Limited
―