Indian Energy Exchange Ltd.

NSE: IEX · Financial Services

₹109.50-2.41%06 Nov 2026

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Instant answers about Indian Energy Exchange Ltd. — computed from its filings, no language model

Market cap₹9,755 cr

Current price₹109.50

High / Low₹155 / ₹101

P/E18.7

P/B6.68

Book value₹16.4

ROE35.8%

ROCE45.2%

Debt / equity0.00

Dividend yield2.74%

EPS (TTM)₹5.87

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	257.1	317.9	431.0	400.9	449.1	537.3	615.6
EBITDA	202.2	250.6	363.7	336.4	376.9	453.7	520.1
Operating margin	78.6%	78.9%	84.4%	83.9%	83.9%	84.4%	84.5%
Interest	1.6	2.0	2.0	2.5	2.8	2.6	2.3
Depreciation	15.2	16.5	17.2	18.6	20.5	21.2	23.3
Profit before tax	225.6	270.4	403.8	388.6	455.2	549.9	625.8
Tax	49.9	65.0	96.6	95.9	115.4	135.4	152.6
Net profit	0.0	206.1	309.3	305.9	350.8	429.2	492.9
EPS ₹	5.89	6.91	3.45	3.42	3.94	4.83	5.54
Operating cash flow	—	—	762.3	-22.6	298.5	427.2	432.8
Capex	—	—	11.1	8.7	15.3	7.8	14.8
Dividend paid	—	—	134.5	89.7	178.0	267.0	267.0
Total assets	667.3	985.2	1,696.2	1,453.4	1,773.7	2,196.7	2,435.8
Equity	387.9	526.1	703.4	799.1	972.2	1,136.3	1,364.6

Quarterly performance

last 28 quarters · ₹ crore

showing latest 8 of 28 periods

	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	59.7	69.4	67.9	70.9	85.2	93.8	91.0	110.4	117.5	112.1	98.3	95.2	100.3	107.0	104.0	108.5	115.3	121.3	123.6	139.4	132.1	142.2	141.8	153.9	145.7	174.3	157.9	167.1
Operating profit	47.0	52.5	48.1	55.5	69.6	77.5	74.9	95.0	98.8	94.9	81.0	78.9	83.3	93.1	81.5	92.0	98.8	104.6	99.3	119.9	113.1	121.3	115.3	133.5	121.9	149.4	130.9	141.3
Operating margin	78.8%	75.6%	70.9%	78.2%	81.6%	82.6%	82.2%	86.1%	84.1%	84.7%	82.4%	82.9%	83.0%	87.0%	78.4%	84.7%	85.7%	86.2%	80.4%	86.0%	85.7%	85.3%	81.3%	86.7%	83.7%	85.7%	82.9%	84.6%
Other income	9.7	10.2	13.2	7.8	10.9	6.5	11.8	11.9	13.2	16.4	15.0	18.6	17.1	22.6	23.3	24.4	25.9	28.0	30.9	28.4	28.5	32.4	42.4	29.3	37.4	22.1	44.9	35.9
Interest	0.0	0.5	0.5	0.5	0.5	0.5	0.6	0.5	0.5	0.5	0.6	0.5	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.6	0.6	0.5	0.5	0.7	0.8	0.7
Depreciation	4.1	4.5	4.4	4.3	4.2	3.6	4.3	4.4	4.4	4.2	4.2	4.6	4.9	4.9	5.0	5.1	5.2	5.2	5.2	5.3	5.4	5.3	5.5	5.7	6.0	6.1	6.0	6.2
Profit before tax	52.7	57.6	56.4	58.5	75.7	79.9	81.9	102.1	107.1	112.7	91.3	92.4	94.8	110.1	99.2	110.6	118.8	126.6	124.3	142.3	135.5	147.8	151.7	156.6	152.8	164.7	169.1	170.3
Tax	11.0	12.0	14.3	14.1	17.6	19.0	19.8	24.7	26.4	25.7	22.7	22.4	23.6	27.3	25.0	27.9	30.5	32.0	31.5	36.8	32.2	34.9	37.7	37.8	37.8	39.4	42.0	42.2
Net profit	41.7	0.0	42.1	44.3	58.1	61.5	62.8	77.7	80.4	88.4	69.1	71.2	77.2	88.3	75.8	86.5	91.8	96.7	96.4	108.3	107.3	117.1	120.7	123.3	119.1	129.8	134.8	139.2
EPS ₹	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	1.34	1.45	1.52	1.56
Revenue YoY	—	—	—	—	42.8%	35.1%	34.1%	55.6%	37.9%	19.5%	8.0%	-13.8%	-14.7%	-4.5%	5.8%	14.0%	15.0%	13.3%	18.8%	28.4%	14.5%	17.3%	14.7%	10.4%	10.3%	22.5%	11.4%	8.6%
Profit YoY	—	—	—	—	39.5%	—	49.3%	75.3%	38.2%	43.6%	10.0%	-8.4%	-3.9%	-0.0%	9.7%	21.4%	18.9%	9.5%	27.2%	25.3%	16.9%	21.1%	25.2%	13.9%	11.0%	10.8%	11.6%	12.9%

Earlier results (standalone, Sep '17 – Sep '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Indian Energy Exchange Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY19†
Revenue	254.1
Operating profit	202.8
Operating margin	79.8%
Other income	40.1
Interest	0.7
Depreciation	10.4
Profit before tax	231.8
Tax	66.7
Net profit	165.0

Quarters

showing latest 8 of 9 periods

	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†	SEP '19†
Revenue	55.8	64.8	55.2	67.0	66.9	63.8	56.5	60.5	67.5
Operating profit	46.5	52.5	43.5	54.5	54.7	48.9	44.8	49.4	53.2
Operating margin	83.4%	81.1%	78.9%	81.3%	81.8%	76.6%	79.3%	81.6%	78.9%
Other income	5.3	5.5	7.7	7.2	8.3	13.1	11.4	9.1	11.3
Interest	0.1	0.1	0.1	0.1	0.1	0.1	0.6	0.5	0.5
Depreciation	2.9	3.0	2.9	2.6	2.6	2.6	2.5	3.3	3.4
Profit before tax	48.9	55.0	48.2	59.1	60.3	59.3	53.0	54.7	60.6
Tax	16.2	18.8	16.8	17.2	17.7	16.7	15.2	15.1	11.8
Net profit	32.7	36.2	31.4	41.9	42.7	42.6	37.9	39.6	48.8
EPS ₹	11.23	12.01	10.43	13.89	1.41	1.41	1.25	1.33	1.64
Revenue YoY	—	—	—	—	19.8%	-1.5%	2.3%	-9.6%	0.9%
Profit YoY	—	—	—	—	30.6%	17.7%	20.4%	-5.5%	14.4%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 25 periods

	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	33.0%	37.3%	39.2%	43.1%	49.5%	53.7%	44.0%	44.9%	40.9%	40.5%	38.3%	39.1%	37.6%	39.2%	36.1%	38.2%	37.7%	39.1%	37.8%	39.9%	37.5%	38.5%	36.1%	37.2%	35.8%
ROCE	58.4%	64.5%	51.8%	56.6%	64.9%	70.9%	57.7%	59.0%	53.7%	52.1%	48.9%	49.9%	47.8%	50.6%	47.1%	49.7%	49.3%	50.9%	48.6%	51.0%	47.6%	49.0%	46.0%	47.3%	45.2%
Net margin	47.8%	49.3%	64.8%	66.5%	68.4%	68.4%	71.8%	72.0%	73.0%	75.4%	76.3%	76.9%	78.1%	78.7%	78.1%	79.2%	78.7%	79.2%	79.9%	81.6%	82.2%	82.3%	80.1%	80.2%	81.1%
EBITDA margin	75.8%	76.9%	78.9%	81.3%	83.3%	83.9%	84.4%	84.4%	83.6%	83.3%	83.9%	82.9%	83.3%	84.0%	83.9%	84.2%	84.6%	84.6%	84.4%	84.6%	84.8%	84.3%	84.5%	84.8%	84.3%
Debt / equity	—	—	—	—	—	—	—	—	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
Interest coverage	145.29	120.31	132.92	144.67	169.12	186.50	204.94	209.70	199.79	179.62	158.96	152.89	149.62	155.46	161.86	172.57	186.53	195.40	211.69	230.08	248.52	272.79	275.46	261.38	251.73
Asset turnover	0.40	0.44	0.32	0.35	0.39	0.42	0.25	0.26	0.35	0.33	0.28	0.28	0.26	0.27	0.25	0.26	0.29	0.30	0.24	0.25	0.30	0.31	0.25	0.26	0.25

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 13 periods

	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	30.2	29.8	29.9	89.8	89.8	89.1	89.1	89.1	89.1	89.1	89.1	89.1	89.1
Other equity / reserves	340.1	358.1	496.3	613.6	665.5	710.0	783.5	883.1	955.3	1,047.2	1,158.8	1,275.5	1,371.3
Total equity	370.3	387.9	526.1	703.4	755.3	799.1	872.6	972.2	1,044.4	1,136.3	1,247.9	1,364.6	1,460.3
Borrowings	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Current liabilities	305.3	235.4	382.2	953.7	410.6	610.4	697.6	751.4	631.0	1,006.6	580.7	1,018.5	1,109.9
Non-current liabilities	29.9	43.9	47.1	39.1	45.9	43.9	46.6	50.1	54.2	53.8	53.2	52.7	51.4
Total assets	705.6	667.3	985.2	1,696.2	1,211.8	1,453.4	1,616.8	1,773.7	1,729.7	2,196.7	1,881.9	2,435.8	2,621.6
Property, plant & equipment	7.2	8.5	14.3	12.0	24.6	22.7	21.1	20.2	16.4	15.2	15.7	29.0	24.6
Capital work-in-progress	0.3	0.0	0.2	0.0	0.0	2.5	2.1	0.0	1.3	0.0	1.1	0.0	0.0
Investments	474.6	508.6	712.8	1,248.1	972.3	1,218.8	1,318.2	1,331.3	1,498.3	1,633.5	1,657.4	1,993.1	2,243.5
Inventories	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Receivables	45.9	0.2	3.2	87.4	22.0	7.0	12.4	86.3	13.7	2.6	1.5	2.0	1.1
Cash & equivalents	—	—	46.0	224.2	77.8	57.0	122.4	147.9	19.5	106.9	15.0	37.4	11.9

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 8 periods

	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	138.3	126.0	306.4	762.3	-22.6	298.5	427.2	432.8
Cash from investing	-62.1	-2.5	-196.1	-448.4	70.3	-24.5	-196.4	-230.5
Cash from financing	-78.4	-161.4	-77.1	-135.8	-214.8	-183.1	-271.9	-271.8
Capex	3.6	7.8	21.0	11.1	8.7	15.3	7.8	14.8
Free cash flow	134.7	118.2	285.4	751.2	-31.4	283.2	419.4	418.0
Dividends paid	—	—	—	134.5	89.7	178.0	267.0	267.0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹24.6 cr1%

Investments

₹2,243.5 cr86%

Receivables

₹1.1 cr0%

Cash & equivalents

₹11.9 cr0%

Other assets

₹340.5 cr13%

Peer comparison

largest in Financial Services · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
HDFC Bank Ltd.	12,15,371	788.25	15.2	2.01	13.3%
ICICI Bank Ltd.	11,28,090	1,571.20	19.1	2.75	14.4%
State Bank of India	9,40,157	1,018.50	10.4	1.36	13.1%
Bajaj Finance Ltd.	6,77,005	1,087.75	—	—	—
Kotak Mahindra Bank Ltd.	4,77,499	480.00	22.2	2.45	11.0%
Axis Bank Ltd.	4,11,911	1,322.90	13.8	1.79	13.0%
Shriram Finance Ltd.	2,26,163	961.15	—	—	—
BSE Ltd.	1,55,002	3,800.00	50.3	19.49	38.8%
Cholamandalam Investment and Finance Company Ltd.	1,53,126	1,785.00	—	—	—
Jio Financial Services Ltd.	1,52,665	231.20	—	—	—
Indian Energy Exchange Ltd.	9,755	109.50	18.7	6.68	35.8%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+3.4%

6 months-18.2%

1 year-26.3%

3Y CAGR-6.4%

5Y CAGR-15.9%

10Y CAGR—

50-day avg₹110.57

200-day avg₹121.55

RSI (14)53

Compare Indian Energy Exchange Ltd. with

UTI Asset Management Company vs Indian Energy Exchange JM Financial vs Indian Energy Exchange Can Fin Homes vs Indian Energy Exchange Indian Energy Exchange vs Aavas Financiers Indian Energy Exchange vs Aptus Value Housing Finance India Indian Energy Exchange vs Bajaj Holdings & Investment Indian Energy Exchange vs Bajaj Finserv

FAQs

What is the share price of Indian Energy Exchange Ltd.?

Indian Energy Exchange Ltd. (IEX) closed at ₹109.50 on NSE on 06 Nov 2026.

What is the market cap of Indian Energy Exchange Ltd.?

₹9,755 crore at the latest close.

What is the P/E ratio of Indian Energy Exchange Ltd.?

18.7, on trailing-twelve-month earnings from its filings.

How fast is Indian Energy Exchange Ltd. growing?

Indian Energy Exchange Ltd.: revenue has compounded at 15.4% a year over three years; net profit at 17.2% a year. Latest-quarter revenue is up 8.6% year on year, profit up 12.9%.

How profitable is Indian Energy Exchange Ltd.?

On a trailing-twelve-month basis return on equity is 35.8%, return on capital employed 45.2%, operating margin 84.3%, net margin 81.1%.

How much debt does Indian Energy Exchange Ltd. have?

Indian Energy Exchange Ltd. is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹12 cr (balance sheet of 2026-09-30). Operating profit covers interest 251.7 times.

Financials parsed from Indian Energy Exchange Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from DEC '19, annual from FY20, balance sheet from Mar '19. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.