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Indian Energy Exchange Ltd

IEX

Indian Energy Exchange Ltd

IEX
UtilitiesPower Trading & Consultancy
SmallcapWith a market cap of ₹14,504 cr, stock is ranked 426
Moderate RiskStock is 2.86x as volatile as Nifty
163.111.10% (+1.78)
163.111.10% (+1.78)

Price Chart

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Returns
1D
1W
1M
1Y
5Y
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SIP
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1D
1W
1M
1Y
5Y
Max
SIP
UtilitiesPower Trading & Consultancy
SmallcapWith a market cap of ₹14,504 cr, stock is ranked 426
Moderate RiskStock is 2.86x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

UtilitiesPower Trading & Consultancy
SmallcapWith a market cap of ₹14,504 cr, stock is ranked 426
Moderate RiskStock is 2.86x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
36.8814.921.53%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
20.533.121.43%

Forecast & Ratings

Detailed Forecast 
75%
Analysts have suggested that investors can buy this stock

from 8 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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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Oct 24, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 13.81%, vs industry avg of 8.71%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 1.89% to 2.38%

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Financial YearFY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue294.16297.40356.23491.83487.35561.74624.77
Raw Materialssubtract0.000.000.000.000.000.0076.95
Power & Fuel Costsubtract0.460.500.290.190.200.18
Employee Costsubtract24.8333.2344.3841.7634.6539.01
Selling & Administrative Expensessubtract19.2215.1716.7312.5515.5714.62
Operating & Other expensessubtract6.756.075.8212.8814.0618.48
Depreciation/Amortizationsubtract10.4215.2416.5117.2318.5920.4720.98
Interest & Other Itemssubtract0.731.572.051.972.462.832.76
Taxes & Other Itemssubtract66.7149.9064.3695.9995.94115.36130.83
EPS1.821.952.303.453.433.944.42
DPS0.000.831.332.501.002.502.50
Payout ratio0.000.430.580.720.290.630.57

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Apr 29PDF
FY 2023

Annual report

PDF

Investor Presentation

May 25PDF
Jan 20PDF
Oct 21PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 7PDF
Jul 27PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 24PDF
Sep 11PDF
 

Peers & Comparison

Comparing 2 stocks from 
UtilitiesPower Trading & Consultancy

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Indian Energy Exchange Ltd41.3514.921.53%
Rattanindia Enterprises Ltd19.9510.06
PTC India Ltd10.200.814.75%

Price Comparison

Compare IEX with any stock or ETF
Compare IEX with any stock or ETF
IEX
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Decreased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has decreased by 4.46%

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 3.99%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%24.82%6.68%15.66%52.84%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep17.28%14.12%13.37%10.90%11.67%15.66%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Parag Parikh Flexi Cap Fund - Growth - Direct Plan

Growth
5.4178%0.96%-0.16%22/91 (0)
SBI Small Cap Fund - Growth - Direct Plan

Growth
2.7244%1.15%-0.11%38/63 (-5)
Mirae Asset Large Cap Fund - Growth - Direct Plan

Growth
2.1203%0.78%-0.10%28/89 (-5)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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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

Dividends are the portion of earnings that a company distributes to all its shareholders every year

IEX has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

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

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

May 31, 2024

Cash Dividend

Ex DateEx DateFeb 2, 2024

Interim
Interim | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Feb 2, 2024

Cash Dividend

Ex DateEx DateJul 28, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Jul 28, 2023

Cash Dividend

Ex DateEx DateAug 11, 2022

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Aug 11, 2022

Cash Dividend

Ex DateEx DateFeb 3, 2022

Interim
Interim | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Feb 3, 2022

News & Opinions
Spotlight
IEX gains after electricity volume increase 4% YoY to 9,642 MU in Oct'24

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

2 weeks agoCapital Market - Live
Corporate
IEX records 4% YoY growth in electricity traded volumes in Oct'24

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

2 weeks agoCapital Market - Live
Earnings
Indian Energy Exchange consolidated net profit rises 25.28% in the September 2024 quarter

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

1 month agoCapital Market - Live
Corporate
Indian Energy Exchange to declare Quarterly Result

Indian Energy Exchange will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
IEX records 24% YoY growth in total volumes in Sep 2024

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

1 month agoCapital Market - Live
Spotlight
IEX tumbles on market coupling buzz

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

2 months agoCapital Market - Live
Spotlight
Indian Energy Exchange Ltd leads losers in 'A' group

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

2 months agoCapital Market - Live
Spotlight
IEX electricity volume jumps 36% YoY to 12,040 MU in Aug'24

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

2 months agoCapital Market - Live
Corporate
International Carbon Exchange enters into Issuer Agreement with I-TRACK Foundation and Evident

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

2 months agoCapital Market - Live
Corporate
Indian Energy Exchange appoints Jt. Managing Director

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

3 months agoCapital Market - Live