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As of 6 Nov 2026, Indian Energy Exchange trades at 18.7× trailing earnings, above the industry P/E of 18.4×, and the shares are 32% below their 52-week high. Its ROCE of 46% is the highest among the 7 largest Capital Markets peers, and sales and net profit grew 15% and 17% a year over 3 years. It has almost no debt, and its dividend yield is 3.6%. It is a small-cap company with a market cap of ₹9,738 Cr, ranked 9th of 219 Capital Markets companies by market cap; the shares fell 18% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹111.00
Day high
₹111.08
Day low
₹108.20
Prev. close
₹112.20
Volume
44.5 L

Health check

2 good · 1 fair · 3 to check
  • ReturnsBehind

    −18.5% over a year, better than 0 of 7 peers.

  • Price tagIn line

    P/E 18.7 vs industry 18.4.

  • GrowthSlow

    Sales +15.4%, profit +17.2% a year over 3 years.

  • ProfitabilityStrong

    ROCE 45.7% vs peer median 22.1%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 7 of 9.

  • Red flags1 to check

    32% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Capital Markets

218 listed peers. Screen the industry

Small cap

₹9,738 Cr, #9 of 219 in its industry by size.

Defensive

Beta 0.47 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹785 Cr · profit ₹523 Cr
Market cap
₹9,738 Cr
Small cap
P/E
18.7
Industry 18.4
Price to book
6.69
Peers 4.53
Dividend yield
3.65%
ROE
38.6%
Peers 18.9%
ROCE
45.7%
Peers 22.1%
Debt to equity
0.01
Debt ₹8.75 Cr
EPS (TTM)
₹5.87
Face value ₹1
OPM (TTM)
84.3%
Net margin 66.6%
Sales growth
+10.7%
Latest quarter vs a year ago
Profit growth
+12.2%
Latest quarter vs a year ago
Price to sales
12.40
EV/EBITDA 11.8

Strengths and risks

Strengths

  • Return on equity of 38.6%.
  • Return on capital employed of 45.7%.
  • Practically debt-free.
  • Dividend yield of 3.65%.
  • Net margin of 66.6%.

Risks to check

  • 32% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Indian Energy Exchange

Indian Energy Exchange Limited provides automated trading platform for physical delivery of electricity, renewable energy, and certificates. The company offers Day-Ahead Market, a physical electricity trading market which allows market participants to buy and sell electricity for the next day; Term-Ahead-Market that provides a range of products allowing participants to buy and sell electricity on intra-day, and term ahead contracts; Real-Time Market, an…

Headquarters
Noida
Employees
179
Sector
Financial Services
ISIN
INE022Q01020
Website
iexindia.com

Price range

52 weeks

₹99.50₹160.27

Today

₹108.20₹111.08
Avg volume (3M)
34.7 L
1-year return
minus 18.5%
From 52-week high
minus 31.7%

Analyst consensus

12 analysts
HoldMean target ₹130.25 plus 18.9%

Target range, with today’s price

Low ₹90.00High ₹285.00

Next results expected around 28 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Capital Markets

Compare with peersScreen the whole industry
Company
GROWWBillionbrains Garage Ventures215.08minus 3.93%1,33,58550.313.7829.3%21.6%62.9%––0.00%plus 63.8%
MOTILALOFSMotilal Oswal Financial Services1,102.00plus 0.64%66,44825.04.2718.1%18.9%52.4%29.0%26.1%0.54%plus 11.1%
AIILAuthum Investment & Infrastructure570.05plus 0.08%48,41027.63.2915.2%13.1%74.0%44.4%−23.5%0.00%minus 0.7%
ANGELONEAngel One331.00plus 1.49%30,29026.84.5326.9%18.4%39.7%20.3%0.9%1.95%plus 29.5%
CDSLCentral Depository Services (India)1,331.40minus 0.19%27,82655.114.0329.7%26.4%51.3%27.3%18.2%0.96%minus 13.3%
CHOICEINChoice International748.20minus 0.09%16,66862.98.9017.6%15.8%35.3%42.2%53.6%0.00%minus 7.4%
IIFLCAPSIIFL Capital Services349.80plus 0.13%13,03618.83.1522.1%19.5%36.1%19.9%30.9%0.86%plus 4.1%
IEXIndian Energy Exchange109.50minus 2.41%9,73818.76.6945.7%38.6%84.3%15.4%17.2%3.65%minus 18.5%
Median of 7 peers–0.08%30,29027.64.5322.1%18.9%51.3%28.2%22.2%0.54%4.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
142146174158167
26.423.724.92725.8
115122149131141
81.3%83.7%85.7%82.9%84.6%
49.141.626.652.746.9
0.60.50.60.80.7
5.466.166.1
158157169177181
23.8%24.1%23.3%23.8%23.2%
121119130135139
1.361.341.451.521.56

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+15.4%
Profit CAGR 3Y
+17.2%
EPS CAGR 3Y
+17.4%
ROE
38.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
401449537615
–+12.0%+19.6%+14.6%
6471.983.195.1
337377454520
84.0%84.0%84.5%84.5%
48.258.576.685.5
2.52.82.62.3
18.620.521.323.3
38.15458.165.6
402466565646
23.9%24.7%24.0%23.6%
306351429493
–+14.7%+22.3%+14.9%
3.423.944.835.54

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
89.189.189.189.1
7108831,0471,275
14.110.46.211.2
6407911,0541,060
1,4531,7742,1972,436
25.220.215.329.4
2.5––0.4
484236359208
7529339681,461
190585855737
1,4531,7742,1972,436

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−22.6298427433
70.3−24.5−196−231
−215−183−272−272
−16790.9−41−69.6
−9−15.3−7.9−14.8
−31.6283419418
−89.7−178−267−267

Shareholding pattern

Source: NSE filings
0.0%
promoters
  • Public99.73%
  • Employee trusts0.27%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 20260.00%99.73%0.00
30 Jun 20260.00%99.73%0.00
31 Mar 20260.00%99.73%0.00
31 Dec 20250.00%99.73%0.00
30 Sep 20250.00%99.73%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you