| Quarterly Financials | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 77 | 68 | 70 | 79 | 69 | 80 | 81 | 79 | 96 | 100 | 103 | 122 | 131 | 136 | 114 | 115 | 123 | 135 | 129 | 137 | 145 | 151 | 158 | 171 | 165 | 179 | 191 | 188 |
| Expenses | 15 | 12 | 11 | 14 | 13 | 17 | 20 | 16 | 16 | 16 | 16 | 15 | 19 | 17 | 17 | 16 | 17 | 14 | 23 | 17 | 17 | 17 | 24 | 20 | 19 | 21 | 27 | 21 |
| EBITDA | 62 | 56 | 59 | 65 | 57 | 63 | 61 | 63 | 81 | 84 | 87 | 107 | 112 | 119 | 97 | 99 | 106 | 121 | 107 | 120 | 128 | 135 | 134 | 151 | 146 | 158 | 164 | 167 |
| Operating Profit % | 77 % | 79 % | 82 % | 79 % | 79 % | 76 % | 71 % | 78 % | 82 % | 83 % | 82 % | 86 % | 84 % | 85 % | 82 % | 83 % | 83 % | 87 % | 78 % | 85 % | 86 % | 86 % | 80 % | 86 % | 86 % | 85 % | 81 % | 87 % |
| Depreciation | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 |
| Interest | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit Before Tax | 59 | 53 | 55 | 61 | 53 | 58 | 56 | 59 | 76 | 80 | 82 | 102 | 107 | 114 | 92 | 94 | 101 | 116 | 101 | 114 | 122 | 129 | 128 | 145 | 139 | 152 | 158 | 161 |
| Tax | 17 | 15 | 15 | 12 | 11 | 12 | 14 | 14 | 18 | 19 | 20 | 25 | 26 | 26 | 23 | 22 | 24 | 27 | 25 | 28 | 31 | 32 | 32 | 37 | 32 | 35 | 38 | 38 |
| Net Profit | 43 | 38 | 40 | 49 | 42 | 46 | 42 | 44 | 58 | 61 | 62 | 77 | 81 | 88 | 69 | 71 | 77 | 88 | 76 | 87 | 92 | 97 | 96 | 108 | 107 | 117 | 121 | 123 |
| EPS in ₹ | 1.41 | 1.25 | 1.33 | 1.64 | 1.39 | 1.53 | 1.41 | 1.49 | 1.95 | 2.06 | 2.10 | 2.60 | 0.90 | 0.99 | 0.77 | 0.79 | 0.86 | 0.99 | 0.85 | 0.97 | 1.03 | 1.09 | 1.08 | 1.22 | 1.21 | 1.32 | 1.36 | 1.39 |
Indian Energy Exchange
Indian Energy Exchange
148.54
+1.84
(1.25%)
Market Cap
₹- Cr
PE Ratio
-
Volume
1,66,65,166.00
Day High - Low
₹150.53 - ₹145.09
52W High-Low
₹215.40 - ₹130.26
Key Fundamentals
Market Cap
- Cr
EPS
-
PB Ratio
-
Book Value
14.00
EBITDA
-
Dividend Yield
- %
Industry
Capital Markets Sector
Exchange ROE Growth %
-
Debt to Equity
-
Analyst Rating and Forecast
- By Refinitiv from10 analysts
Actual
Company News
View All News
IEX Reports 16% Volume Growth in Q2FY26 Despite Flat Power Demand, RTM Segment Surpasses DAM for First Time
Nov 07, 2025
Nov 07, 2025Indian Energy Exchange recorded electricity trading volume of 35.2 billion units in Q2FY26, marking 16.1% year-on-year growth despite flat power demand in the country. Revenue increased 9.2% to Rs. 183.3 crores from Rs. 167.8 crores, while profit after tax rose 13.9% to Rs. 123.4 crores. The Real-Time Market segment achieved 36% share of volumes, surpassing Day-Ahead Market for the first time, with RTM volumes reaching nearly 15 billion units (39% growth). Green market volumes grew 17.7% to 3 billion units. Average DAM prices dropped 12.5% to Rs. 3.93 per unit, while RTM prices fell 16% to Rs. 3.51 per unit due to improved supply liquidity. The company faces market coupling implementation by January 2026 and has filed an appeal with APTEL. IGX subsidiary recorded gas trading volume of 16.1 million MMBtu (37% growth) with profit after tax of Rs. 9.6 crores. Management expects to maintain 15-20% volume growth and projects long-term growth driven by India's expanding economy and energy transition initiatives.
Indian Energy Exchange achieved monthly electricity traded volume of 11,233 MU in October 2025, marking a 16.5% year-on-year increase. The Real-Time Market segment showed strong performance with 4,583 MU volume, up 46.8% year-on-year, accounting for 37.8% of total traded volumes. The Day-Ahead Market recorded 4,684 MU volume, a 6.7% increase from the previous year. Average electricity prices declined significantly, with Day-Ahead Market prices at Rs 2.67/unit (down 32% year-on-year) and Real-Time Market prices at Rs 2.73/unit (down 27.8% year-on-year). The price decline was attributed to enhanced hydro, wind, and solar generation combined with steady coal-based supply, resulting in higher supply liquidity. The Green Market segment achieved 1,055 MU volume, up 21% year-on-year. Renewable Energy Certificates trading reached 6.19 lakh certificates, showing a 39.4% year-on-year increase at a clearing price of Rs 370/REC.
IEX management has projected volume growth of 15-20% for FY26. This guidance was shared during a conference call with stakeholders.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
2,843.20 | - | #1 - | - | - | - | - | 60.70 | |
10,219.00 | - | #1 - | - | - | - | - | 65.33 | |
148.54 | - | #1 - | - | - | - | - | 65.09 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
-
Net Income Growth
-
Cash Flow Change
-
ROE
-
ROCE
-
EBITDA Margin (Avg.)
-
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 706 | 667 | 985 | 1,696 | 1,453 | 1,774 | 2,197 |
| Fixed Assets | 111 | 119 | 122 | 110 | 110 | 101 | 87 |
| Current Assets | 387 | 345 | 737 | 1,473 | 772 | 1,184 | 1,584 |
| Capital Work in Progress | 1 | 4 | 7 | 5 | 4 | 4 | 4 |
| Investments | 475 | 509 | 713 | 1,248 | 1,219 | 1,331 | 1,634 |
| Other Assets | 118 | 36 | 144 | 333 | 121 | 337 | 472 |
| Total Liabilities | 706 | 667 | 985 | 1,696 | 1,453 | 1,774 | 2,197 |
| Current Liabilities | 305 | 235 | 382 | 954 | 610 | 751 | 1,007 |
| Non Current Liabilities | 30 | 44 | 47 | 39 | 44 | 50 | 54 |
| Total Equity | 370 | 388 | 556 | 703 | 799 | 972 | 1,136 |
| Reserve & Surplus | 334 | 350 | 486 | 601 | 696 | 869 | 1,032 |
| Share Capital | 30 | 30 | 30 | 90 | 89 | 89 | 89 |
Cash Flow
| Cash Flow | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -2 | -38 | 33 | 178 | -167 | 91 | -41 |
| Investing Activities | -62 | -3 | -196 | -448 | 70 | -25 | -196 |
| Operating Activities | 138 | 126 | 306 | 762 | -23 | 299 | 427 |
| Financing Activities | -78 | -161 | -77 | -136 | -215 | -183 | -272 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 14.12 % | 0.00 % | 10.90 % | 11.67 % | 15.66 % | 16.24 % | 16.12 % | 18.53 % | 13.19 % |
| DIIs | 15.13 % | 15.63 % | 15.87 % | 12.58 % | 13.87 % | 15.53 % | 21.60 % | 21.75 % | 21.54 % | 21.13 % | 22.62 % | 24.98 % | 27.26 % | 31.27 % | 31.50 % | 32.78 % | 34.14 % | 34.12 % | 36.43 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 11.90 % | 18.00 % | 19.37 % | 30.64 % | 33.04 % | 36.70 % | 41.10 % | 41.77 % | 39.21 % | 40.83 % | 42.35 % | 38.93 % | 40.75 % | 36.25 % | 31.75 % | 30.76 % | 29.66 % | 30.98 % | 33.54 % |
| Others | 72.97 % | 66.37 % | 64.76 % | 56.77 % | 53.09 % | 47.76 % | 37.30 % | 36.49 % | 39.25 % | 38.04 % | 20.91 % | 36.09 % | 21.10 % | 20.81 % | 21.08 % | 20.22 % | 20.07 % | 16.36 % | 16.84 % |
| No of Share Holders | 1,43,678 | 2,72,940 | 4,06,214 | 9,39,394 | 14,73,390 | 16,44,730 | 17,13,910 | 17,12,820 | 16,30,990 | 16,32,600 | 16,01,520 | 15,18,600 | 15,98,630 | 15,13,310 | 14,72,730 | 14,39,970 | 14,13,440 | 13,88,450 | 14,38,940 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 45 | 22 | 0.00 | 2.5 | 4 | 2.5 | 1 | 2.5 | 3 |
| Dividend Yield (%) | 0.00 | 84.22 | 40 | 0.00 | 2.25 | 1.78 | 1.94 | 0.74 | 1.42 | 2.04 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 30 Jan 2021 |  Dividend | ₹ 2.50 /share | 28 Jan 2021 | 81.85 | 81.98 |
| 20 Aug 2021 | Dividend | ₹ 1.50 /share | 18 Aug 2021 | 142.32 | 134.58 |
| 06 Dec 2021 |  Bonus | 2:1 | 03 Dec 2021 | 269.66 | 255.65 |
| 04 Feb 2022 | Dividend | ₹ 1.00 /share | 03 Feb 2022 | 251.70 | 235.60 |
| 12 Aug 2022 | Dividend | ₹ 1.00 /share | 11 Aug 2022 | 226.10 | 163.85 |
| 28 Jul 2023 | Dividend | ₹ 1.00 /share | 28 Jul 2023 | 155.75 | 119.95 |
| 03 Feb 2024 | Dividend | ₹ 1.00 /share | 02 Feb 2024 | 136.80 | 146.05 |
| 31 May 2024 | Dividend | ₹ 1.50 /share | 31 May 2024 | 144.85 | 154.40 |
| 06 Aug 2024 |  Annual General Meeting | NA | 06 Aug 2024 | 177.07 | 188.31 |
| 24 Oct 2024 |  Quarterly Result Announcement | NA | 24 Oct 2024 | 191.00 | 182.40 |
| 23 Jan 2025 | Quarterly Result Announcement | NA | 23 Jan 2025 | 166.85 | 168.15 |
| 31 Jan 2025 | Dividend | ₹ 1.50 /share | 31 Jan 2025 | 168.15 | 175.25 |
| 24 Apr 2025 | Quarterly Result Announcement | NA | 24 Apr 2025 | 186.55 | 191.25 |
| 16 May 2025 | Dividend | ₹ 1.50 /share | 16 May 2025 | 191.25 | 197.48 |
| 24 Jul 2025 | Quarterly Result Announcement | NA | 24 Jul 2025 | 208.95 | 187.85 |
| 11 Sept 2025 | Annual General Meeting | NA | 11 Sept 2025 | 140.25 | 144.74 |
| 30 Oct 2025 | Quarterly Result Announcement | NA | 30 Oct 2025 | 144.60 | 148.40 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation15 hours ago
15 hours agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 19, 2025
Nov 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 04, 2025
Nov 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 01, 2025
Nov 01, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 31, 2025
Oct 31, 2025Announcement under Regulation 30 (LODR)-Investor PresentationOct 30, 2025
Oct 30, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 30, 2025
Oct 30, 2025Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30 2025Oct 30, 2025
Oct 30, 2025Board Meeting Outcome for Outcome Of The Board Meeting Held On Thursday October 30 2025Oct 30, 2025
Oct 30, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Oct 30, 2025
Oct 30, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 28, 2025
Oct 28, 2025Board Meeting Intimation for Inter-Alia To Consider And Approve The Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Half Year Ended September 30 2025.Oct 24, 2025
Oct 24, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 06, 2025
Oct 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 26, 2025
Sep 26, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 22, 2025
Sep 22, 2025Webcast Link Of 19Th Annual General MeetingSep 15, 2025
Sep 15, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Sep 15, 2025
Sep 15, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 11, 2025
Sep 11, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 04, 2025
Sep 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 03, 2025
Sep 03, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Aug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 19, 2025
Aug 19, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 18, 2025
Aug 18, 2025Reg. 34 (1) Annual Report.Aug 18, 2025
Aug 18, 202519Th Annual General MeetingAug 18, 2025
Aug 18, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 15, 2025
Aug 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 05, 2025
Aug 05, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 30, 2025
Jul 30, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 28, 2025
Jul 28, 2025Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Jul 28, 2025
Jul 28, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 26, 2025
Jul 26, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 25, 2025
Jul 25, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 25, 2025
Jul 25, 2025Announcement Under Regulation 30Jul 24, 2025
Jul 24, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 24, 2025
Jul 24, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 24, 2025
Jul 24, 2025Unaudited Financial Results For The Quarter Ending June 30 2025.Jul 24, 2025
Jul 24, 2025Approved The Appointment Of Secretarial Auditor Of The CompanyJul 24, 2025
Jul 24, 2025Board Meeting Outcome for Approved The Unaudited Financial Results (Standalone And Consolidated) Along With The Limited Review Report Thereon For The Quarter Ended June 30 2025Jul 24, 2025
Jul 24, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 21, 2025
Jul 21, 2025Board Meeting Intimation for To Consider And Approve The Unaidited Financial Results For The Period Ended Jun 30 2025Jul 16, 2025
Jul 16, 2025Mutual Fund Holdings
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RSI(14)
Neutral 62.42
ATR(14)
Volatile 3.73
STOCH(9,6)
Neutral 60.20
STOCH RSI(14)
Neutral 69.83
MACD(12,26)
Bullish 0.62
ADX(14)
Weak Trend 14.55
UO(9)
Bearish 48.09
ROC(12)
Uptrend And Accelerating 5.96
WillR(14)
Overbought -8.24
About Indian Energy Exchange
Indian Energy Exchange Limited (IEX) is India's first and largest power exchange, holding over 98% market share in traded electricity volume. It provides an automated trading platform for physical delivery of electricity, enabling efficient price discovery and trading in various electricity contracts, Renewable Energy Certificates, and Energy Saving Certificates. IEX offers multiple market segments including day-ahead, term-ahead, real-time, and green markets for electricity trading. The exchange is regulated by the Central Electricity Regulatory Commission and has been operational since June 2008. IEX also facilitates cross-border electricity trade with Nepal, Bangladesh, and Bhutan. The company has expanded its services to include gas trading through its associate company, Indian Gas Exchange Limited (IGX). IEX has introduced several innovations such as the Real-Time Market, Green Monthly contracts, and PowerX, India's first electricity price index.
Listing Date
23 Oct, 2017(8 Years,
-20 days)
Website
Chairperson NameSatyanarayan Goel
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