Indian Energy Exchange

    IEX
    NBFC
    ₹113.88
    price as of 11/9/2026, 5:28:14 pm

    Market cap ₹10,127 Cr

    P/E
    19.98
    Day range
    ₹113.00 – ₹115.91
    52-week range
    ₹113.00 – ₹160.27
    Volume
    66.44 L
    Open
    ₹115.88
    Prev close
    ₹116.63
    52-week range, adjusted for splits and bonuses
    ₹114.6₹160.27
    30 Mar 20269 Jan 2026
    Index membership & F&O
    NIFTY 500NIFTY SMALLCAP 250F&O lot 4,350

    Price history

    6M change -7.30%RSI (14) 26.7 OversoldSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 48.8% today vs 42.5% average · BSE close ₹113.95

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹112₹119₹126₹133₹1400%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Long unwinding
    Near-month future
    ₹113.93
    Change
    -2.16%
    Basis over spot
    +₹0.04
    Futures OI (shares)
    7.84 Cr
    OI change
    -0.52%
    Put-call ratio
    0.58
    Max pain
    ₹120
    Resistance (call OI)
    ₹120
    Support (put OI)
    ₹120
    Lot size
    4,350

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    95105110115120125130135142.5147.5155020.0 L40.0 L60.0 L80.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    20.3
    EPS (TTM)
    ₹5.71
    ROE (FY26)
    39.4%
    ROCE (latest year)
    51%
    Dividend yield
    3.01%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +15.4%
    Profit 3Y CAGR
    +17.2%
    Revenue YoY (Jun 2026)
    +11.3%
    Profit YoY (Jun 2026)
    +11.6%
    Operating margin
    83.0%
    Net margin
    85.4%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr45 Cr90 Cr135 Cr180 Cr0%25%50%75%100%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Public
    • DII
    • FII
    • Others

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-800 Cr-400 Cr0 Cr400 Cr800 Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY20FY21FY22FY23FY24FY25FY260%15%30%45%60%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr350 Cr700 Cr1.1K Cr1.4K Cr0.0x0.0x0.0x0.0x0.0x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales109115121124139132142142154146174158
    Expenses171717242019212620242527
    Operating Profit929910599120113121115133122149131
    OPM %85%86%86%80%86%86%85%81%87%84%86%83%
    Other Income282930343132374934422753
    Interest111111111111
    Depreciation555555556666
    Profit before tax114122129128145139152158161157169177
    Tax %24%25%25%25%25%23%23%24%23%24%23%24%
    Net Profit86929796108107117121123119130135
    EPS in Rs₹0.97₹1.03₹1.08₹1.08₹1.21₹1.20₹1.31₹1.35₹1.38₹1.34₹1.46₹1.51

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    Incorporated in 2007, Indian Energy Exchange Ltd provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity [1]

    Strengths

    • Company is almost debt free.
    • Stock is providing a good dividend yield of 3.07%.
    • Company has delivered good profit growth of 19.6% CAGR over last 5 years
    • Company has a good return on equity (ROE) track record: 3 Years ROE 39.4%
    • Company has been maintaining a healthy dividend payout of 63.0%

    Risks

    • Stock is trading at 7.44 times its book value

    Compounded Sales Growth

    10 Years
    —
    5 Years
    +14%
    3 Years
    +15%
    TTM
    +14%

    Compounded Profit Growth

    10 Years
    —
    5 Years
    +20%
    3 Years
    +19%
    TTM
    +12%

    Stock Price CAGR

    10 Years
    —
    5 Years
    -11%
    3 Years
    -5%
    1 Year
    -21%

    Return on Equity

    10 Years
    —
    5 Years
    +40%
    3 Years
    +39%
    Last Year
    +39%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    FII13.20%11.42%14.16%12.63%-1.53 pp
    DII36.43%34.95%30.26%31.47%+1.21 pp
    Public50.11%53.37%55.31%55.63%+0.32 pp
    Others0.27%0.27%0.27%0.27%0.00 pp

    Filed with NSE for Jun 2026: promoters 0.00%, public 99.73% · XBRL filing

    Analysts & fund holdings

    50%
    50% recommend buy
    10 analysts cover the stock
    Valuation vs Electric Utilities
    P/E20.0 vs 26.3
    Sector P/B2.93
    Beta1.51

    Who holds the shares, quarter by quarter

    Mutual funds 24.21% (+2.12 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters0.0%
    • Foreign institutions12.6%
    • Mutual funds24.2%
    • Insurance4.7%
    • Other domestic institutions2.6%
    • Retail36.0%
    • Others19.9%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Parag Parikh Flexi Cap Fund9.21%0.69%-0.05 pp
    ICICI Pru India Opp Fund2.00%0.58%-0.04 pp
    Kotak Arbitrage Fund1.36%0.20%+0.04 pp
    SBI Contra Fund1.22%0.28%-0.01 pp
    Old Bridge Focused Fund1.06%2.68%-0.81 pp

    Scorecard

    Performance
    Low
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹2.00

      Dividend - Rs 2 Per Share

      15 May 2026
      ex-date
    • dividend
      ₹1.50

      Interim Dividend - Rs 1.50 Per Share

      4 Feb 2026
      ex-date
    • dividend
      ₹1.50

      Dividend - Rs 1.50 Per Share

      16 May 2025
      ex-date
    • dividend
      ₹1.50

      Interim Dividend - Rs 1.50 Per Share

      31 Jan 2025
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      29 Jul 2024
      ex-date
    • dividend
      ₹1.50

      Dividend - Rs 1.50 Per Share

      31 May 2024
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 1 Per Share

      2 Feb 2024
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      28 Aug 2023
      ex-date
    • dividend
      Not available — not reported in this filing

      Dividend - Re 1 Per Share

      28 Jul 2023
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      24 Aug 2022
      ex-date
    • dividend
      Not available — not reported in this filing

      Dividend - Re 1 Per Share

      11 Aug 2022
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 1 Per Share

      3 Feb 2022
      ex-date
    • bonus
      Not available — not reported in this filing

      Bonus 2:1

      3 Dec 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      25 Aug 2021
      ex-date
    • dividend
      ₹1.50

      Dividend - Rs 1.50 Per Share

      18 Aug 2021
      ex-date
    • dividend
      ₹2.50

      Interim Dividend - Rs 2.50 Per Share

      28 Jan 2021
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      20 Aug 2020
      ex-date
    • dividend
      ₹2.50

      Interim Dividend - Rs 2.50 Per Share

      19 Mar 2020
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      9 Sept 2019
      ex-date
    • buyback
      Not available — not reported in this filing

      Buy Back

      14 Feb 2019
      ex-date

    Company announcements

    AGM/EGMPrice-sensitive
    Webcast Link Of The 20Th Annual General Meeting

    Webcast link of the 20th Annual General Meeting held on September 9, 2026.

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Voting results along with the scrutinizer's report of 20th Annual General Meeting held on September 9, 2026.

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Proceedings of 20th Annual General Meeting of the Indian Energy Exchange Limited held today, September 9, 2026.

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    IEX Power Market Update August'26.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Schedule of Investor Meeting as on August 21, 2026.

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper publication of Notice of the 20th Annual General Meeting and E-Voting infromation.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Schedule of Investor Meeting as on August 17, 2026.

    Others
    Reg. 34 (1) Annual Report.

    Indian Energy Exchange Limited Annual Report for the FY2025-26.

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper publication of 20th Annual General Meeting, Final Dividend FY25-26, Record Date and E-Voting.

    Company Update
    Indian Energy Exchange Limited Annual Report For The FY 2025-26

    Indian Energy Exchange Limited Annual Report for the FY 2025-26

    Others
    Business Responsibility and Sustainability Reporting (BRSR)

    Indian Energy Exchange Limited Business Responsibility and Sustainability Report for the FY 2025-2026.

    AGM/EGMPrice-sensitive
    20Th Annual General Meeting For FY2025-26

    20th Annual General Meeting to be held on September 9, 2026 at 11:00 AM (IST) through VC/OAVM.

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Appointment of Mr. Alok Kumar Jha as the Head Business Development (Senior Vice President) categorized as Senior Management Personnel of the Company with effect from August 13, 2026.

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    IEX Power Market Update July'26

    Company Update
    Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    Transcript of the IEX Analyst meet 2026 held on July 24, 2026.

    Filed with BSE (scrip 540750); the last 45 days. Documents open at bseindia.com.

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Buybacks, open offers & rights issues

    • Buyback

      Indian Energy Exchange Limited

      3 Jan 2023
      Read on SEBI
    • Buyback - Post Buyback Public Announcement

      Indian Energy Exchange Ltd - Post Buyback Public Announcement

      22 Apr 2019
      Read on SEBI
    • Buyback - Letter of Offer

      Indian Energy Exchange Limited - Letter of Offer

      14 Mar 2019
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Documents open at BSE or the rating agency that issued them.