Skip to main content
Swing Capital

Indian Energy Exchange Ltd

NSE: IEX BSE: 540750Energy

Incorporated in 2007, Indian Energy Exchange Ltd provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity[1]

₹123
52W: ₹114 — ₹215
PE 23.2 · Book ₹14.6 · +742% vs book
Market Cap₹10,999 Cr
Stock P/E23.2Price to Earnings
ROCE51.8%Return on Capital
ROE39.4%Return on Equity
Div. Yield2.86%Face Value ₹1

Strengths

  • +Company is almost debt free.
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 39.8%
  • +Company has been maintaining a healthy dividend payout of 65.2%

Weaknesses

  • −Stock is trading at 8.34 times its book value
  • −Working capital days have increased from -149 days to 541 days

Shareholding Pattern

Promoters0%
FIIs14.16%
DIIs30.26%
Public55.31%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters0%0%0%0%0%0%0%0%
FIIs11.66%15.66%▲4.016.24%▲0.616.13%▼0.118.53%▲2.413.2%▼5.311.42%▼1.814.16%▲2.7
DIIs31.24%31.48%▲0.232.78%▲1.334.15%▲1.434.12%▼0.036.43%▲2.334.95%▼1.530.26%▼4.7
Public56.82%52.59%▼4.250.72%▼1.949.47%▼1.347.07%▼2.450.11%▲3.053.37%▲3.355.31%▲1.9

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales115121124139131141140152144172
Expenses15162419181926202425
Operating Profit100105100120113122114132120148
OPM %87%86%81%86%86%86%81%87%84%86%
Net Profit899593106103112113122115124
EPS ₹11.071.051.191.161.261.271.361.291.39

AI Insights

Revenue Trend

Mar 2026 revenue at ₹608Cr, up 13.6% YoY. OPM at 84%.

Debt Position

Borrowings at ₹11Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Institutional Flow

DIIs: 30.26% (+9.15pp change). FIIs: 14.16% (-3.12pp change). Promoters hold 0%.

Margin & Efficiency

ROCE improving from 48% (Mar 2015) to 52% (Mar 2026). Working capital days: 541.

Valuation

PE 23.2x with 51.8% ROCE. Price is 742% above book value of ₹14.6. Dividend yield: 2.86%.

Recent Announcements