Indian Energy Exchange (IEX) Stock Overview
Provides automated trading platform for physical delivery of electricity, renewable energy, and certificates. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
IEX Community Fair Values
Create NarrativeSee what 81 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Indian Energy Exchange Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹113.88 |
| 52 Week High | ₹160.27 |
| 52 Week Low | ₹113.00 |
| Beta | 0.34 |
| 1 Month Change | -8.71% |
| 3 Month Change | -7.38% |
| 1 Year Change | -21.38% |
| 3 Year Change | -15.24% |
| 5 Year Change | -42.94% |
| Change since IPO | 113.07% |
Recent News & Updates
Narrative Update • Jun 17
IEX: Stable Cash Flows And Dividend Potential Will Support Future Repricing
Analysts have kept their fair value estimate for Indian Energy Exchange broadly unchanged at ₹141.18, with only very small tweaks to assumptions such as the discount rate and future P/E. This reflects a steady view on the stock's valuation.Narrative Update • Jun 03
IEX: Higher Future P E Assumptions Will Support Potential Repricing
Analysts have trimmed the fair value estimate for Indian Energy Exchange by ₹3 to ₹141, citing updated assumptions that include a lower assessed profit margin, a softer revenue growth outlook, a slightly adjusted discount rate, and a higher projected future P/E multiple. Analyst Commentary Recent adjustments to the fair value estimate for Indian Energy Exchange reflect a mix of optimism about the company’s long term role in India’s power markets and caution around execution and profitability.Recent updates
Narrative Update • Jun 17
IEX: Stable Cash Flows And Dividend Potential Will Support Future Repricing
Analysts have kept their fair value estimate for Indian Energy Exchange broadly unchanged at ₹141.18, with only very small tweaks to assumptions such as the discount rate and future P/E. This reflects a steady view on the stock's valuation.Narrative Update • Jun 03
IEX: Higher Future P E Assumptions Will Support Potential Repricing
Analysts have trimmed the fair value estimate for Indian Energy Exchange by ₹3 to ₹141, citing updated assumptions that include a lower assessed profit margin, a softer revenue growth outlook, a slightly adjusted discount rate, and a higher projected future P/E multiple. Analyst Commentary Recent adjustments to the fair value estimate for Indian Energy Exchange reflect a mix of optimism about the company’s long term role in India’s power markets and caution around execution and profitability.
Narrative Update • May 03
IEX: Coal Exchange Review And Rising Volumes Will Support Future Upside
The analyst fair value estimate for Indian Energy Exchange has moved from roughly ₹270 to about ₹236. The lower target reflects updated views on revenue growth, profitability, discount rates and the P/E multiple that analysts are now willing to apply.
Narrative Update • Apr 18
IEX: Regulatory And Execution Risks Will Undermine Confidence In 105 Fair Value
Analysts kept the fair value estimate for Indian Energy Exchange steady at ₹105.0, with only modest tweaks to inputs such as the discount rate, revenue trends, and future P/E assumptions guiding this unchanged price target. Analyst Commentary Recent Street research around Idex Corp.Narrative Update • Apr 04
IEX: Coal Exchange Plan And Stable Margins Will Support Future Repricing
Analysts have left the fair value estimate for Indian Energy Exchange unchanged at ₹144.18, with only marginal tweaks to the discount rate, revenue growth assumptions, profit margin, and future P/E guiding this steady price target view. Analyst Commentary Recent Street research activity around a different company, Idex Corp., offers a useful reference point for how analysts are currently thinking about valuation, execution risk, and growth assumptions in industrial and infrastructure linked names.Narrative Update • Mar 20
IEX: Strong Margins And Coal Exchange Opportunity Will Support Forward Confidence
Narrative Update on Indian Energy Exchange The analyst fair value estimate for Indian Energy Exchange has been adjusted slightly lower from about ₹144.64 to roughly ₹144.18. This change reflects updated assumptions around the discount rate and future P/E that analysts consider better aligned with recent valuation work across broader research coverage.Narrative Update • Mar 06
IEX: Weaker Revenue Visibility Will Challenge Confidence In 105 Fair Value
Analysts are keeping their fair value estimate for Indian Energy Exchange steady at ₹105.00, reflecting only slight adjustments in assumptions around discount rate, revenue contraction, and profit margin, while their overall long-term valuation view remains largely unchanged. Analyst Commentary Analysts covering Indian Energy Exchange appear to be taking a measured stance, keeping the fair value estimate anchored at ₹105.00 while tweaking inputs such as discount rate and margin assumptions.Narrative Update • Feb 20
IEX: Softer Revenue Outlook Will Test Confidence In 105 Fair Value
Analysts have kept their fair value estimate for Indian Energy Exchange steady at ₹105.00. They have tweaked their assumptions with a lower discount rate and a slightly softer revenue growth outlook, alongside a higher projected profit margin and a modestly lower future P/E multiple.Narrative Update • Feb 06
IEX: Strong Margins And Power Market Volumes Will Support Forward Confidence
Analysts have trimmed their fair value estimate for Indian Energy Exchange from ₹149.50 to about ₹144.64. This reflects updated assumptions around slightly softer revenue, stronger profit margins and a lower assumed future P/E multiple.Narrative Update • Jan 23
IEX: Future Fee Volumes Will Test Confidence In 105 Fair Value
Analysts have kept their fair value estimate for Indian Energy Exchange steady at ₹105, while slightly adjusting assumptions such as discount rate, revenue growth, profit margin and future P/E to reflect updated research views on order trends and earnings visibility in comparable names. Analyst Commentary Recent research on comparable industrial and infrastructure names highlights how quickly sentiment can shift when order patterns and earnings visibility become less certain.Narrative Update • Jan 09
IEX: Higher Fair Value Will Depend On Uncertain Volume And Margin Resilience
Analysts have lifted their fair value estimate for Indian Energy Exchange to ₹105 from ₹99, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that they see as better reflecting the company’s risk and earnings profile. Analyst Commentary While the higher fair value estimate suggests more confidence in the updated model inputs, bearish analysts still highlight several areas of caution that they believe could limit upside for Indian Energy Exchange if execution or growth trends do not match expectations.Analysis Article • Jan 07
Some Shareholders Feeling Restless Over Indian Energy Exchange Limited's (NSE:IEX) P/E Ratio
Indian Energy Exchange Limited's ( NSE:IEX ) price-to-earnings (or "P/E") ratio of 28.2x might make it look like a sell...Narrative Update • Dec 25
IEX: Power Market Volumes And Regulation Will Shape Balanced Forward Outlook
Analysts have made a marginal downward revision to their price target on Indian Energy Exchange to Rs 149.50, trimming it by less than Rs 1 as they fine tune discount rate and earnings assumptions while maintaining confidence in the company’s long term profitability and valuation framework. Analyst Commentary Recent commentary from bullish analysts underscores that the marginal cut to the price target is primarily a reflection of housekeeping around the discount rate and earnings trajectory, rather than a shift in the structural view on Indian Energy Exchange.Narrative Update • Dec 11
IEX: Power Market Modernization Will Drive Volumes Amid Regulatory And Rate Risks
Analysts have slightly trimmed their price target on Indian Energy Exchange, citing a modest uptick in the assumed discount rate and valuation multiple, even as fair value remains steady around ₹149.50 and long term profitability expectations are largely unchanged. Analyst Commentary Recent research updates indicate that, while headline target prices for comparable industrial and infrastructure names have seen modest reductions, sentiment around Indian Energy Exchange remains broadly constructive, with the stock still viewed as a structural beneficiary of power market modernization in India.Narrative Update • Nov 27
IEX: Order Momentum And Sector Headwinds Will Shape Future Performance
Analysts maintained their price target for Indian Energy Exchange at ₹149.50, citing stable fundamental estimates and a steady outlook despite minor updates to key financial assumptions. Analyst Commentary Analysts provided key perspectives on Indian Energy Exchange based on recent financial results and ongoing sector developments.Narrative Update • Nov 10
IEX: Stable Outlook Will Balance Improved Margins Against Near-Term Demand Uncertainty
Analysts have modestly raised their fair value estimate for Indian Energy Exchange from ₹147.10 to ₹149.50. This reflects updated expectations for lower discount rates and improved long-term profit margins, despite softer near-term revenue growth forecasts.Narrative Update • Oct 26
Demand And Sector Reforms Will Fuel Next Phase Of Market Activity
Narrative Update on Indian Energy Exchange: Analyst Price Target Change Analysts have reaffirmed their fair value estimate for Indian Energy Exchange at ₹147.1 per share. They noted that minor adjustments to revenue projections and profit margin assumptions resulted in no change to the overall price target.Narrative Update • Oct 12
India Economic Expansion And Energy Transition Will Drive Market Activity
Analysts have lowered their fair value estimate for Indian Energy Exchange from ₹161 to ₹147.10. This reflects a modest revision based on updated assumptions about growth rates and discount factors.Analysis Article • Jul 25
Indian Energy Exchange Limited's (NSE:IEX) 30% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
The Indian Energy Exchange Limited ( NSE:IEX ) share price has fared very poorly over the last month, falling by a...Analysis Article • Feb 23
With EPS Growth And More, Indian Energy Exchange (NSE:IEX) Makes An Interesting Case
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
New Narrative • Jan 26
Renewable Capacity Expansion And Regulatory Updates Will Increase Liquidity And Trading Opportunities
Government initiatives and regulatory changes are set to boost liquidity and trading volumes on IEX, enhancing revenue growth and stability.Analysis Article • Jan 07
Some Shareholders Feeling Restless Over Indian Energy Exchange Limited's (NSE:IEX) P/E Ratio
When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 32x, you may consider Indian...Analysis Article • Sep 24
Indian Energy Exchange Limited (NSE:IEX) Stock Rockets 27% As Investors Are Less Pessimistic Than Expected
Despite an already strong run, Indian Energy Exchange Limited ( NSE:IEX ) shares have been powering on, with a gain of...Analysis Article • Jul 31
Indian Energy Exchange Limited's (NSE:IEX) CEO Looks Due For A Compensation Raise
Key Insights Indian Energy Exchange's Annual General Meeting to take place on 6th of August Total pay for CEO...Analysis Article • Jul 05
Earnings Not Telling The Story For Indian Energy Exchange Limited (NSE:IEX) After Shares Rise 27%
Indian Energy Exchange Limited ( NSE:IEX ) shareholders have had their patience rewarded with a 27% share price jump in...Analysis Article • May 14
Some Confidence Is Lacking In Indian Energy Exchange Limited's (NSE:IEX) P/E
With a price-to-earnings (or "P/E") ratio of 37.7x Indian Energy Exchange Limited ( NSE:IEX ) may be sending bearish...Analysis Article • Dec 21
Here's Why We Think Indian Energy Exchange (NSE:IEX) Is Well Worth Watching
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • May 10
Should You Be Adding Indian Energy Exchange (NSE:IEX) To Your Watchlist Today?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Jan 21
Do Indian Energy Exchange's (NSE:IEX) Earnings Warrant Your Attention?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Shareholder Returns
| IEX | IN Capital Markets | IN Market | |
|---|---|---|---|
| 7D | -4.2% | -0.1% | -1.4% |
| 1Y | -21.4% | 8.9% | -1.2% |
Return vs Industry: IEX underperformed the Indian Capital Markets industry which returned 8.9% over the past year.
Return vs Market: IEX underperformed the Indian Market which returned -1.2% over the past year.
Price Volatility
| IEX volatility | |
|---|---|
| IEX Average Weekly Movement | 3.4% |
| Capital Markets Industry Average Movement | 4.7% |
| Market Average Movement | 5.7% |
| 10% most volatile stocks in IN Market | 8.9% |
| 10% least volatile stocks in IN Market | 3.4% |
Stable Share Price: IEX has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: IEX's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 179 | Satyanarayan Goel | www.iexindia.com |
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, 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.
Indian Energy Exchange Limited Fundamentals Summary
| IEX fundamental statistics | |
|---|---|
| Market cap | ₹101.27b |
| Earnings (TTM) | ₹5.07b |
| Revenue (TTM) | ₹7.66b |
20.0x
P/E Ratio13.2x
P/S RatioIs IEX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IEX income statement (TTM) | |
|---|---|
| Revenue | ₹7.66b |
| Cost of Revenue | ₹0 |
| Gross Profit | ₹7.66b |
| Other Expenses | ₹2.59b |
| Earnings | ₹5.07b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.70 |
| Gross Margin | 100.00% |
| Net Profit Margin | 66.22% |
| Debt/Equity Ratio | 0.8% |
How did IEX perform over the long term?
See historical performance and comparisonDividends
3.5%
Current Dividend Yield63%
Payout RatioDoes IEX pay a reliable dividends?
See IEX dividend history and benchmarks| Indian Energy Exchange dividend dates | |
|---|---|
| Ex Dividend Date | May 15 2026 |
| Dividend Pay Date | Oct 09 2026 |
| Days until Ex dividend | 122 days |
| Days until Dividend pay date | 25 days |
Does IEX pay a reliable dividends?
See IEX dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/13 21:29 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Indian Energy Exchange Limited is covered by 20 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Satyadeep Jain | Ambit Capital |
| null null | Antique Stockbroking Ltd. |
| null null | Asian Markets Securities Private Limited |