Indian Energy Exchange Ltd
IEXIndian Energy Exchange Ltd
IEXPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
36.88 | 14.92 | 1.53% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
20.53 | 3.12 | 1.43% |
Forecast & Ratings
Detailed Forecast from 8 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Indian Energy Exchange operates as a power exchange. It offers an online electricity trading platform for trading, clearing, and settlement operations.
Investor Presentation
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ cr.
All values in ₹ cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 294.16 | 297.40 | 356.23 | 491.83 | 487.35 | 561.74 | 624.77 | |||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 76.95 | |||||||
Power & Fuel Cost | 0.46 | 0.50 | 0.29 | 0.19 | 0.20 | 0.18 | ||||||||
Employee Cost | 24.83 | 33.23 | 44.38 | 41.76 | 34.65 | 39.01 | ||||||||
Selling & Administrative Expenses | 19.22 | 15.17 | 16.73 | 12.55 | 15.57 | 14.62 | ||||||||
Operating & Other expenses | 6.75 | 6.07 | 5.82 | 12.88 | 14.06 | 18.48 | ||||||||
EBITDA | 242.90 | 242.43 | 289.01 | 424.45 | 422.87 | 489.45 | 547.82 | |||||||
Depreciation/Amortization | 10.42 | 15.24 | 16.51 | 17.23 | 18.59 | 20.47 | 20.98 | |||||||
PBIT | 232.48 | 227.19 | 272.50 | 407.22 | 404.28 | 468.98 | 526.84 | |||||||
Interest & Other Items | 0.73 | 1.57 | 2.05 | 1.97 | 2.46 | 2.83 | 2.76 | |||||||
PBT | 231.75 | 225.62 | 270.45 | 405.25 | 401.82 | 466.15 | 524.08 | |||||||
Taxes & Other Items | 66.71 | 49.90 | 64.36 | 95.99 | 95.94 | 115.36 | 130.83 | |||||||
Net Income | 165.04 | 175.72 | 206.09 | 309.26 | 305.88 | 350.79 | 393.25 | |||||||
EPS | 1.82 | 1.95 | 2.30 | 3.45 | 3.43 | 3.94 | 4.42 | |||||||
DPS | 0.00 | 0.83 | 1.33 | 2.50 | 1.00 | 2.50 | 2.50 | |||||||
Payout ratio | 0.00 | 0.43 | 0.58 | 0.72 | 0.29 | 0.63 | 0.57 |
Company Updates
Peers & Comparison
UtilitiesPower Trading & Consultancy
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Indian Energy Exchange Ltd | 41.35 | 14.92 | 1.53% |
Rattanindia Enterprises Ltd | 19.95 | 10.06 | — |
PTC India Ltd | 10.20 | 0.81 | 4.75% |
Price Comparison
Compare IEX with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 4.46%
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 3.99%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Indian Energy Exchange Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Parag Parikh Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 5.4178% | Percentage of the fund’s portfolio invested in the stock 0.96% | Change in the portfolio weight of the stock over the last 3 months -0.16% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 22/91 (0) |
SBI Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.7244% | Percentage of the fund’s portfolio invested in the stock 1.15% | Change in the portfolio weight of the stock over the last 3 months -0.11% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 38/63 (-5) |
Mirae Asset Large Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.1203% | Percentage of the fund’s portfolio invested in the stock 0.78% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 28/89 (-5) |
Compare 3-month MF holding change on Screener
smallcases
A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Indian Energy Exchange Ltd
Events
Dividend Trend
No Trend In Dividends
IEX has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 1.53%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹15.33 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateMay 31, 2024
Dividend/Share
₹1.50
Ex DateEx Date
May 31, 2024
Cash Dividend
Ex DateEx DateFeb 2, 2024
Dividend/Share
₹1.00
Ex DateEx Date
Feb 2, 2024
Cash Dividend
Ex DateEx DateJul 28, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Jul 28, 2023
Cash Dividend
Ex DateEx DateAug 11, 2022
Dividend/Share
₹1.00
Ex DateEx Date
Aug 11, 2022
Cash Dividend
Ex DateEx DateFeb 3, 2022
Dividend/Share
₹1.00
Ex DateEx Date
Feb 3, 2022
During the month, the company has traded 4.44 lakh renewable energy certificates recording a 105% year on year increase. According to government data published in October 2024, the country's energy consumption reached 140.4 billion units, marginal increase of 1% compared to the previous year. The Day-Ahead Market (DAM) volume decreased to 4,388 MU in October 2024 as compared to 4,742 MU in October 2023, registering an declined of 7%. The Real-Time Electricity Market (RTM) volume increased 30% YoY to 3,123 MU in October 2024. The Day Ahead Contingency and Term-Ahead Market (TAM), which includes contingency, daily, weekly, and monthly contracts up to three months, traded 1,260 million units (MU) in October 2024. This represents a 34% year-on-year decline compared to the 1,911 MU traded in October 2023. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 872 MU volumes during October 2024 as compared to 188 MU in October 2023, registering an increase of 364% YoY. The Green Day-Ahead Market (G-DAM) achieved 829 MU volume during October 2024 with a weighted average price of Rs 3.60 per unit, as compared to 181 MU in October 2023, registering an increase of 358% YoY. The Green Term-Ahead Market (G-TAM) recorded a volume of 43 million units (MU) in October 2024, with average monthly prices of Rs 3.49 per unit for Solar, Rs 8.02 per unit for Non-Solar and Rs 5.03 per unit for Hydro. This represents a 498% year-on-year growth compared to the 7 MU traded in October 2023. A total of 4.44 lakh renewable energy certificate (RECs), were traded in the trading sessions held on 09th October'24 and 30th October'24, at a clearing price of Rs 110/REC and Rs 120/REC respectively. The next REC trading sessions at the Exchange are scheduled on 13th November 2024 and 27th November 2024. IEX is India's premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates. The company's consolidated net profit jumped 27.2% to Rs 96.44 crore on 18.8% increase in revenue from operations to Rs 123.56 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live
Indian Energy Exchange achieved electricity traded volume of 9,642 MU in October'24, marking a 4% year on year increase. During the month, IEX traded 4.44 lakh renewable energy certificates recording a 105% year on year increase.According to government data published in October 2024, the country's energy consumption reached 140.4 BUs, marginal increase of 1% compared to the previous year. The Market Clearing Price in the Day Ahead Market at Rs 3.92/unit during October 2024, declined 39%year-on-year. Similarly, the Market clearing price in the Real Time Market at Rs 3.77/unit during October 2024, declined 38% year-on-year. These prices present an opportunity for Discoms and Open Access consumers to replace costlier power through purchasing through exchanges. ELECTRICITY MARKET: DAY- AHEAD, REAL-TIME MARKET & TERM- AHEAD The Day-Ahead Market (DAM) achieved 4,388 MU volume in October'24 as compared to 4,742 MU volume in October'23, a decline of 7% YoY. The Real-Time Electricity Market (RTM) achieved monthly volume of 3,123 MU in October'24, as compared to 2,402 MU in October'23, registering an increase of 30% YoY. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1,260 MU during October'24, as compared to 1,911 MU volume in October'23, a decline of 34% YoY. GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 872 MU volume during October'24 as compared to 188 MU in October'23, registering an increase of 364% YoY. The Green Day-Ahead Market (G-DAM) achieved 829 MU volume during October'24 with a weighted average price of Rs 3.60 per unit, as compared to 181 MU in October'23, registering an increase of 358% YoY. The Green Term-Ahead Market (G-TAM) achieved 43 MU volume during October'24 with a with average monthly price of Solar- Rs 3.49/unit, Non-Solar- Rs 8.02/unit and Hydro ' Rs 5.03/unit, as compared to 7 MU in October'23, registering an increase of 498% YoY. RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET) A total of 4.44 lac RECs, were traded in the trading sessions held on 09th October'24 and 30th October'24, at a clearing price of Rs. 110/REC and Rs. 120/REC respectively. The next REC trading sessions at the Exchange are scheduled on 13th November'24 and 27th November'24. Powered by Capital Market - Live
Net profit of Indian Energy Exchange rose 25.28% to Rs 108.32 crore in the quarter ended September 2024 as against Rs 86.46 crore during the previous quarter ended September 2023. Sales rose 28.44% to Rs 139.40 crore in the quarter ended September 2024 as against Rs 108.53 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales139.40108.53 28 OPM %86.0084.73 - PBDT150.49119.40 26 PBT145.16114.34 27 NP108.3286.46 25 Powered by Capital Market - Live
Indian Energy Exchange will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live
Indian Energy Exchange achieved total monthly volume (including certificates) of 11,370 MU in September'24, marking a 24% year on year increase. The electricity volume (including green electricity volume) during the month at 10,332 MU, increased 21% YoY. The renewable energy certificates (REC) at 1,031MU, increased 100% YoY. At Rs 110 per certificate, the REC market recorded an all-time low price in the trading session held on 25th September 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations. ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET The Day-Ahead Market (DAM) volume increased to 4,610 MU in September'24, from 3,467 MU in September'23, registering an increase of 33% YoY. The DAM segment registered total volumes of 14,332 MU during Q2FY '25, increase of 27% over Q2FY'24. The Real-Time Electricity Market (RTM) achieved highest ever monthly volume of 3,913 MU in September '24, from 2,923 MU in September'23, registering an increase of 34% YoY. The RTM segment registered record volume of 10,732 MU during Q2FY'25, increasing 31% over Q2FY'24. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1,086 MU during September'24, a decline of 43 % YoY. The total volume on the segment during the quarter was at 2,684 MU, a decline of 42% YoY. GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 723 MU volume during September'24 as compared to 230 MU in September'23, registering an increase of 214% YoY. The total volume of the Green Market during the quarter was 2,584 MU, growth of 246% over Q2 FY'24. The Green Day-Ahead Market (G-DAM) achieved 712.5 MU volume during Septemebr'24 with a weighted average price of Rs 4.59 per unit, as compared to 140.2 MU in September'23, registering an increase of 408% YoY. The total volume on the segment during the quarter was 2,534 MU, growth of 394% over Q2 FY'24. The Green Term-Ahead Market (G-TAM) achieved 10.4 MU volume in september'24 with average monthly price of Non-Solar- Rs 8.28/unit. The total volume on the segment during the quarter was 49.7 MU. RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET) A total of 10.31 lac RECs (equivalent to 1,031 MU), an increase of 100 % YoY, were traded in the trading sessions held on 11th September'24 and 25th September'24, at a clearing price of Rs. 112/REC and Rs. 110/REC respectively. A total of 62.97 lac RECs (equivalent to 6,297MU), an increase of 353% YoY, were traded during Q2FY'25. Rs 110/ REC is the lowest ever price discovered of REC in a trading session since inception. The next REC trading sessions at the Exchange are scheduled on 09 October'24 and 30 October'24. Powered by Capital Market - Live
Market coupling is a mechanism that aggregates buy and sell bids from all power exchanges in India, leading to a unified market clearing price (MCP). This could potentially streamline the power trading process and ensure a more efficient allocation of electricity resources. The Power Ministry has reportedly requested the Grid Controller of India (Grid-India) to expedite the completion of a pilot study on market coupling. If implemented, this new model could have a profound impact on the Indian power market. IEX is India's premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates. The company achieved electricity volume (including certificates) of 12,040 million units (MU) in August 2024, registering a growth of 35.8 % YoY basis. The firm's consolidated net profit jumped 27.2% to Rs 96.44 crore on 18.8% increase in revenue from operations to Rs 123.56 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live
Fusion Micro Finance Ltd, Nava Ltd, SBFC Finance Ltd and Concord Biotech Ltd are among the other losers in the BSE's 'A' group today, 24 September 2024.Indian Energy Exchange Ltd tumbled 11.12% to Rs 212.65 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 41.5 lakh shares were traded on the counter so far as against the average daily volumes of 8.72 lakh shares in the past one month.Fusion Micro Finance Ltd lost 8.12% to Rs 252.4. The stock was the second biggest loser in 'A' group.On the BSE, 1.72 lakh shares were traded on the counter so far as against the average daily volumes of 35822 shares in the past one month.Nava Ltd crashed 7.59% to Rs 1175.1. The stock was the third biggest loser in 'A' group.On the BSE, 21129 shares were traded on the counter so far as against the average daily volumes of 37580 shares in the past one month.SBFC Finance Ltd pared 6.41% to Rs 98.91. The stock was the fourth biggest loser in 'A' group.On the BSE, 17.94 lakh shares were traded on the counter so far as against the average daily volumes of 4.1 lakh shares in the past one month.Concord Biotech Ltd corrected 6.28% to Rs 2231.1. The stock was the fifth biggest loser in 'A' group.On the BSE, 6859 shares were traded on the counter so far as against the average daily volumes of 17268 shares in the past one month.Powered by Capital Market - Live
According to government data published in August 2024, the country's energy consumption increased 5% YoY to 144.2 billion units. The Day-Ahead Market (DAM) volume increased to 4,666 MU in August 2024 as compared to 3,810 MU in August 2023, registering an increase of 22.5%. The Real-Time Electricity Market (RTM) volume increased 27.3% YoY to 3,485 4 MU in August 2024. The Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 886 MU during August 2024. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 871 MU volumes during August 2024 as compared to 242.30 MU in August 2023, up 259.5% YoY. The Green Day-Ahead Market (G-DAM) achieved 849.3MU volume during August 2024 with a weighted average price was Rs 3.69 per unit from 159.7 MU recorded in August 2023, up 431.8% YoY. The Green Term-Ahead Market (G-TAM) achieved 21.7 MU volume in August 2024 with average monthly price of Non-Solar- Rs 7.89 /unit. A total of 21.16 lakh renewable energy certificate (RECs) (equivalent to 2,116 MU) were traded in the trading sessions held on 14 August 2024 and 28 August 2024, at a clearing price of Rs 118 /REC and Rs 115 /REC respectively. The REC market recorded an all-time low price in the trading session held on 28th August 2024. The next REC trading sessions at the Exchange are scheduled on 11 September 2024 and 25 September 2024. IEX is India's premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates. The company's consolidated net profit jumped 27.2% to Rs 96.44 crore on 18.8% increase in revenue from operations to Rs 123.56 crore in Q1 FY25 over Q1 FY24. Shares of Indian Energy Exchange shed 0.63% to Rs 204.60 on the BSE. Powered by Capital Market - Live
The International Carbon Exchange (ICX), a wholly-owned subsidiary of Indian Energy Exchange, has entered into an 'Issuer Agreement' with the International Tracking Standard Foundation (I-TRACK Foundation), having its office at De Mortel 2D, 5211HV -Hertogenbosch, The Netherlands, and Evident EV (Evident), having its office at 400 Springvale Road, Sheffield SP10 1LP, United Kingdom. This agreement authorizes ICX to act as a Local Issuer of International Renewable Energy Certificates (I-REC) in the Indian market. As part of this role, ICX will be responsible for registering Production Facilities and issuing I-RECs on the Registry managed by Evident for India. Powered by Capital Market - Live
Indian Energy Exchange has appointed Rohit Bajaj, earlier serving as the Executive Director (Non-Board) ' Business Development, Strategy, Regulatory Affairs & IT, as Joint Managing Director of the Company, effective 10 August 2024.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.81%, vs industry avg of 8.71%
Increasing Market Share
Over the last 5 years, market share increased from 1.89% to 2.38%