Indian Energy Exchange logo

Indian Energy Exchange share price

NSE: IEXBSE: 540750Capital MarketsSmall Cap

Last close ₹101.20down ₹2.80 (2.69%)BSE ₹101.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹104.00.

52-week range of traded prices to 23 Oct 2026
₹100.35Low, 23 Oct 2026₹160.27High, 9 Jan 2026
Market cap
₹9,024 Cr516th largest listed
P/E
17.8
P/B
6.6
Dividend yield
3.46%
ROE
40.5%
ROCE
37.5%
Debt to equity
0.00
Volume, NSE
27,50,71441.7% delivered

Share price

Daily closes since Oct 2017, adjusted for splits and bonuses

−30.0%over a year

ResultsDividend20-session average 35,83,254 shares a day, 46.6% delivered

Results

Standalone, as consolidated accounts are on record for only 7 of the last ten years; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 23 Jul

Revenue
₹156 Crdown 9.47%
Net profit
₹127 Crup 2.20%
Net margin
81.2%

Revenue by year

Peak revenue ₹608 Cr, year to Mar 2026

Net profit by year, a loss in red

₹ croreSep 2024Filed 25 OctDec 2024Filed 23 JanMar 2025Filed 10 JunJun 2025Filed 24 JulSep 2025Filed 30 OctDec 2025Filed 29 JanMar 2026Filed 23 AprJun 2026Filed 23 Jul
Revenue139131141140152144172156
Net profit106103112113122115124127
Net margin76.2%78.6%79.3%80.8%79.9%80.0%72.0%81.2%
Standalone. The last eight quarters. The latest is shaded.

Business segments

In the year to Mar 2026 the company reports one business segment, Power Exchange, which carries all its revenue.

Valuation

Today, against the company's own history.PE ratio and valuation history

Price to earnings

At or below today's level on 0.1% of 2,102 trading days since May 2018.

LowestHighest
Its median37.1Industry median22.4
Price to book

At or below today's level on 0.1% of 1,971 trading days since Nov 2018.

LowestHighest
Its median15.0Industry median2.6
EV to EBITDA16.6

At or below today's level on 0.1% of 1,971 trading days since Nov 2018.

LowestHighest
Its median34.0Industry median12.7
Dividend yield

At or below today's level on 100% of 2,169 trading days since Jan 2018.

LowestHighest
Its median1.29%Industry median1.07%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−31.7%+14.4%−42.9%3.1%
3 years−1.4%+17.7%−18.1%2.2%
5 years+2.3%+17.5%−14.3%1.7%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026. The company has no promoter group.Shareholding pattern

Shareholding by group

  • Foreign institutions12.02%
  • Indian institutions31.79%
  • Individuals and others55.92%
  • Employee trusts0.27%
Holder
DPVL VENTURES LLPCompanies7.02%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies3.99%
DALMIA POWER LIMITEDCompanies3.74%
MASSACHUSETTS INSTITUTE OF TECHNOLOGYForeign portfolio investors, category I2.48%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

103 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 73 of the 75 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings

Added
23
Cut
52
Held unchanged
28
Sold out
1
Fund
PPFAS Mutual Fund logoParag Parikh Flexi Cap FundPPFAS Mutual Fund8,40,96,1100.62%₹899.8 Cr
ICICI Prudential Mutual Fund logoICICI Prudential India Opportunities FundICICI Prudential Mutual Fund1,82,98,6440.54%₹195.8 Cr
SBI Mutual Fund logoSBI Contra FundSBI Mutual Fund1,11,72,9750.27%₹119.6 Cr
Kotak Mahindra Mutual Fund logoKotak Arbitrage FundKotak Mahindra Mutual Fund86,47,8000.12%₹92.5 Cr
SBI Mutual Fund logoSBI Multi Asset Allocation FundSBI Mutual Fund85,00,0000.43%₹91.0 Cr
Old Bridge Mutual Fund logoOld Bridge Focused FundOld Bridge Mutual Fund80,93,6001.91%₹86.6 Cr
Invesco Mutual Fund logoInvesco India Arbitrage FundInvesco Mutual Fund78,60,4500.28%₹84.1 Cr
Mirae Asset Mutual Fund logoMirae Asset Large Cap FundMirae Asset Mutual Fund69,42,8810.21%₹74.3 Cr
HDFC Mutual Fund logoHDFC Arbitrage FundHDFC Mutual Fund61,55,2500.26%₹65.9 Cr
SBI Mutual Fund logoSBI Energy Opportunities FundSBI Mutual Fund57,04,6500.77%₹61.0 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Capital Markets, 72 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Indian Energy Exchange in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Kfin Technologies logoKfin TechnologiesKFINTECH13,81240.48.325.3+22.8%0.0%22.2%26.4%1.50%
Prudent Corporate Advisory Services logoPrudent Corporate Advisory ServicesPRUDENT11,58547.313.134.6+19.5%+20.6%31.6%34.0%0.13%
IIFL Capital Services logoIIFL Capital ServicesIIFLCAPS10,78818.93.58.8+2.2%−19.1%20.5%16.1%0.88%
UTI Asset Management Company logoUTI Asset Management CompanyUTIAMC10,50222.82.311.8+1.6%−35.4%10.1%17.7%4.90%
CARE Ratings logoCARE RatingsCARERATING4,77826.95.122.8+17.6%–20.4%20.1%1.39%
ICRA logoICRAICRA4,31622.13.718.6+25.7%+10.3%17.5%16.5%2.35%
Canara Robeco Asset Management Company logoCanara Robeco Asset Management CompanyCRAMC4,07717.84.914.5––30.2%32.6%2.93%
Share India Securities logoShare India SecuritiesSHAREINDIA3,75710.31.42.1+14.6%+17.6%14.6%18.5%1.05%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

Highest ₹3.50 a share, year to Mar 2026.
Ex-dateTypePer share
15 May 2026Final₹2.00
4 Feb 2026Interim₹1.50
16 May 2025Final₹1.50
31 Jan 2025Interim₹1.50
31 May 2024Final₹1.50
2 Feb 2024Interim₹1.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

Indian Energy Exchange share price by year

Each calendar year to 2025.Indian Energy Exchange share price history

YearClose at year endChangeHighest closeLowest close
2025134.22−26.2%210.01132.01
2024181.78+8.2%239.37133.10
2023168.00+20.0%168.00119.95
2022140.00−44.6%266.85130.20
2021252.80+232.8%295.2573.40
202075.97+59.6%75.9740.20
201947.60−13.9%55.9539.38
201855.27+3.0%58.3346.94
201753.67–54.3150.14
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2017 is from its first session, 23 Oct 2017.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026104.00104.01100.35101.20101.2527,50,71441.7%
22 Oct 2026103.20104.98102.03104.00103.7137,45,18346.7%
21 Oct 2026105.00105.74102.74103.28104.0319,94,64341.5%
19 Oct 2026107.55107.72104.52104.80105.7019,01,67047.4%
16 Oct 2026107.86108.54106.64107.55107.7633,07,90953.0%
15 Oct 2026108.00108.68107.53107.60108.1742,39,66856.9%
14 Oct 2026106.00108.35105.80108.00107.6550,70,25849.4%
13 Oct 2026104.60106.50103.84106.40105.3239,59,14050.8%
12 Oct 2026105.03106.13103.05104.37104.7633,05,23851.9%
9 Oct 2026104.00105.55103.81104.78104.8233,69,14648.2%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
24 Jul 2025Price move–Between two trading sessions the price moved by a fifth or more. The company's board met on results that day or since the trading day before. Not adjusted for.
3 Dec 2021Bonus0.3333Holders received 2 bonus shares for every 1 held.
19 Oct 2018Split0.1000Each share became 10.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

About Indian Energy Exchange

Indian Energy Exchange Limited (IEX) runs a nationwide, automated trading platform for the physical delivery of electricity, renewable energy and certificates, including renewable energy certificates and energy saving certificates. The platform is approved and regulated by the Central Electricity Regulatory Commission. The company has a registered office in New Delhi and a corporate office in Noida, Uttar Pradesh. It was incorporated in 2007, and its shares are listed on NSE and BSE.

Trading is organised into market segments. The day-ahead market covers delivery for the next day. Term-ahead contracts run for periods of up to three months, and the real-time market trades half-hourly, with the real-time market in operation since June 2020. An intraday and day-ahead contingency market, a renewable energy certificates segment and an energy saving certificates segment complete the set. Energy saving certificates have been traded since September 2017. A green day-ahead market and green term-ahead contracts sit alongside the conventional products. IEX also runs IEX Academy, a learning platform for the power sector, launched in June 2023.

Beyond electricity, the company has built a group of energy exchanges. Indian Gas Exchange (IGX) was launched in 2020 and provides a platform for the physical delivery of natural gas. IEX holds a 47.28% stake in IGX. ICX Private Limited is a wholly owned subsidiary and an issuer of international renewable energy certificates, known as I-RECs. In 2026 the company incorporated Indian Coal Exchange Limited, also a wholly owned subsidiary, as a vehicle for a coal exchange.

Legal name
Indian Energy Exchange Limited
NSE symbol
IEX
BSE code
540750
ISIN
INE022Q01020
Industry
Capital Markets
Listed
Oct 2017
Face value
₹1
CIN
L74999DL2007PLC277039
Corporate identity number, the registrar of companies' code for it