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10
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26
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Indian Energy Exchange (IEX) operates India’s largest technology-led electricity marketplace, offering transparent electronic trading in Day‑Ahead, Real‑Time, Term‑Ahead electricity contracts, Renewable Energy Certificates, ESCerts and related services while also running Indian Gas Exchange (IGX) and ICX for I‑RECs.
IEX reported FY26 consolidated revenue of INR 747.0 crore and PAT of INR 492.9 crore with electricity traded volumes at 141.1 BU, reflecting continued durable growth; RTM volumes grew ~41% YoY to 55 BU and RTM now accounts for roughly 34–39% share, highlighting structural shift toward flexible short‑term procurement.
The company is actively diversifying revenue: IGX traded 76.8 Mn MMBTU in FY26 (full‑year), ICX issued 179 lakh I‑RECs, and IEX has Board approval to explore a coal exchange; today these non‑power channels are small but show accelerating adoption and meaningful future optionality for IEX.
Regulatory and product catalysts form a clear runway: petitions for Term‑Ahead contracts up to 11 months, green RTM, peak DAM/RTM segments, CfD pilots and REC/ RCO reforms, any of which—if approved and implemented at scale—could re‑shape traded volumes and margins materially.
Technology and governance are core differentiators: IEX runs ISO‑certified platforms, microservices architecture, AI for application development and security monitoring, RTO of five minutes and near‑zero RPO, and has sustained ESG credentials including carbon neutral status since FY22 and meaningful CSR investments.
Capital Markets
Exchange and Data Platform
10,776 Cr
High Risk
21.9
41.6
4.6
7.9
211.75
114.50
Sales CAGR
Profit CAGR
ROE
ROCE
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Discovery themes featuring this stockIndian Energy Exchange Ltd (IEX) is currently trading at 120.85 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Indian Energy Exchange (IEX) operates India’s largest technology-led electricity marketplace, offering transparent electronic trading in Day‑Ahead, Real‑Time, Term‑Ahead electricity contracts, Renewable Energy Certificates, ESCerts and related services while also running Indian Gas Exchange (IGX) and ICX for I‑RECs. IEX reported FY26 consolidated revenue of INR 747.0 crore and PAT of INR 492.9 crore with electricity traded volumes at 141.1 BU, reflecting continued durable growth; RTM volumes grew ~41% YoY to 55 BU and RTM now accounts for roughly 34–39% share, highlighting structural shift toward flexible short‑term procurement. The company is actively diversifying revenue: IGX traded 76.8 Mn MMBTU in FY26 (full‑year), ICX issued 179 lakh I‑RECs, and IEX has Board approval to explore a coal exchange; today these non‑power channels are small but show accelerating adoption and meaningful future optionality for IEX. Regulatory and product catalysts form a clear runway: petitions for Term‑Ahead contracts up to 11 months, green RTM, peak DAM/RTM segments, CfD pilots and REC/ RCO reforms, any of which—if approved and implemented at scale—could re‑shape traded volumes and margins materially. Technology and governance are core differentiators: IEX runs ISO‑certified platforms, microservices architecture, AI for application development and security monitoring, RTO of five minutes and near‑zero RPO, and has sustained ESG credentials including carbon neutral status since FY22 and meaningful CSR investments.
Over the past 52 weeks, Indian Energy Exchange Ltd has traded between a low of ₹114.50 and a high of ₹211.75. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Indian Energy Exchange Ltd has a market capitalization of approximately 10,776.11. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Indian Energy Exchange Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 21.86 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 10,776.11 Cr, Indian Energy Exchange Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Indian Energy Exchange Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Indian Energy Exchange Ltd is 21.86. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
The stock fell after CERC released a draft market coupling framework that names Grid India as the market coupling operator and shifts price discovery away from power exchanges post-coupling.
IEX reported consolidated profit after tax of ₹119.11 crore for the quarter ended December 31, 2025.
The stock fell after CERC released a draft market coupling framework that shifts electricity price discovery to Grid India, raising concerns about IEX’s pricing power and market share.
IEX shares fell after CERC released a draft market coupling framework, which could change how power exchange prices are discovered and the roles exchanges play.
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| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
828.00 | 14,291 Cr | 41.58 | 8.54 | 1.45 | 20.54 | 20.03 | 12.39 | ||
2905.10 | 12,027 Cr | 54.16 | 13.63 | 0.12 | 25.16 | 31.62 | 18.14 | ||
930.00 | 11,883 Cr | 29.41 | 2.64 | 4.33 | 10.67 | 16.58 | 9.37 | ||
120.85 | 10,776 Cr | 21.86 | 7.90 | 2.89 | 36.12 | 46.96 | 20.24 | ||
342.20 | 10,665 Cr | 19.00 | 3.48 | 0.88 | 18.31 | 19.52 | 5.90 | ||
112.60 | 6,720 Cr | — | 1.12 | 0.00 | 0.00 | 0.00 | — | ||
106.59 | 6,484 Cr | -1.26 | 3.81 | 0.00 | 100.03 | 100.03 | 0.00 | ||
| Median: 7 Co. | — | 342.20 | 10,776 Cr | 25.63 | 3.81 | 0.88 | 20.54 | 20.03 | 10.88 |
