Live Indian Energy Exchange Share Price Chart

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H 155

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VOL 65285

Indian Energy Exchange Performance

Days Range

Low: ₹149.10
High: ₹155.00
Previous Close ₹153.55
Open ₹155.00
Volume 1,13,24,223
Day’s Range ₹149.10 - ₹155.00
52W Range ₹116.00 - ₹173.35
Market Cap ₹13,687 Cr

Indian Energy Exchange Fundamentals

ROCE (TTM) 48.88
P/E Ratio (TTM) 39.97
P/B Ratio 15.68
Industry P/E 40.68
Debt to Equity 0.01
ROE 37.57
EPS (TTM) 3.84
Dividend Yield 0.65
Book Value 9.79
Face Value 1

Indian Energy Exchange Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales107.03104.04108.53115.3
Expenses18.827.4921.6421.7
Profit before tax115.6100.81114.34122.28
Operating Profit88.3475.8386.4691.81
Net Profit88.3475.8386.4691.81
EPS in Rs0.990.850.971.03

About Indian Energy Exchange

History of IEX

India Energy Exchange Ltd., or IEX, is the first as well as the largest power exchange in India and enjoys a market share of over 90% as of September 2023. The company was incorporated as a public limited company on March 26, 2007 in Maharashtra. In 2009, it commenced trading in the day-ahead market (DAM). In 2010, the company registered its first industrial consumer. It thereafter began operations in the term-ahead market (TAM) as well.

In 2011, the exchange allowed trading in renewable energy certificates (RECs). By 2014, the daily average cleared volume on IEX touched 79 million units (MU)/day. In 2016, that number touched 93 MU/day, and the highest cleared volume in a day crossed over 136 MUs. Trading of energy saving certificates (ESCerts) on its exchange commenced on September 26, 2017.

The company came out with its IPO in October 2017. The IPO comprised only an offer for sale. The stock debuted on the BSE in the same month at a discount of 9.09% compared to the IPO price. IEX also partially owns Indian Gas Exchange (IGX), an associate company.

Business Segments 

IEX has been licensed by the Central Electricity Regulatory Commission or CERC for spot trading in electricity as well as the trading of Renewal Energy Certificates (REC) and ESCerts. The transparent platform enables efficient price discovery and increases the accessibility of the power market in India.

As of September 2023, IEX has 7,300+ registered participants from across the country, including 1,800+ renewable energy generators. They include distribution companies, electricity generators, and thousands of open-access consumers. The consumers come from a wide variety of commercial and industrial sectors such as metal, textile, food processing, cement, automobiles, ceramic, chemicals, IT, real estate, and commercial entities.

Some of the key markets where IEX offers trading include:

  1. Day Ahead Market (DAM) – This involves trading electricity on a 15-minute block basis a day prior to the delivery of electricity. The bids submitted by buyers and sellers are matched electronically via a double-sided auction mechanism with a uniform market clearing price.
  2. Green Day Ahead Market – The Green Day Ahead Market facilitates anonymous, double-sided closed collective auctions in renewable energy in a day-ahead setting. Categories for bids include Solar, Non-Solar and Hydro.
  3. Term Ahead Market (TAM) – This involves trading electricity for a duration of up to 11 days. Participants can purchase electricity via contracts for the same day, for the next day through day-ahead contingency, and on a daily basis for rolling seven days through further daily contracts.
  4. Renewable Energy Certificate (REC) – The REC market facilitates generators of renewable energy to get RECs for the renewable energy they produce. These RECs can then be sold through the exchange.
  5. Energy Saving certificates (ESCerts) – ESCerts are tradable certificates under the Perform, Achieve, Trade (PAT) Scheme of the Bureau of Energy Efficiency (BEE). Unlike RECs, these certificates signify achievements in energy efficiency, especially in large energy-intensive industries.

Key Personnel

  • Mr Satyanarayan Goel, Chairman and MD

Mr Goel has been the CMD of the company since February 19, 2021. Earlier, he was the MD & CEO of the Company in 2014-29 and a Non-Executive Chairman in 2019-21. He has experience spanning over 40 years in different areas of the power sector, such as power generation, transmission, power trading, regulatory affairs, and cross-border trade, among others.

He was actively involved in the policymaking process behind the Enactment of Electricity Act, 2003, Tariff-based Bidding Guidelines, Tariff Policy, National Electricity Policy, Open Access, etc. Before joining IEX, he had worked at PTC India Limited and NTPC Limited. He studied Electrical Engineering at NIT Rourkela and got his MBA from the Faculty of Management Studies, New Delhi.

Corporate Actions

  • Bonus Shares

IEX had announced bonus shares at a 2:1 ratio with the ex-bonus date on December 03, 2021.

  • Buyback

In February 2019, the company conducted a buyback of its shares.

  • Stock Split

Indian Energy Exchange has split the face value of its shares once, from ₹10 to ₹1, with the stock going ex-split on October 19, 2018.

Management Outlook

IEX expects the demand for power to only grow in the coming years. In the past, the demand for electricity bounced back post-pandemic. In fact, electricity consumption grew by 9.5% in FY 2023.

The major factors behind this rising demand include rising income levels, urbanisation, expanding housing schemes, and government initiatives to improve electrification in rural areas. The expansion of the manufacturing and service sectors is expected to help boost the demand for power as well. Finally, in the long run, the government’s initiative to add electric vehicles (EVs) in mainstream transportation to reduce carbon emissions will help increase the demand for power over the years.

Increased demand for power may create an increase in the price of power, leading private companies to take the help of IEX to ensure efficient power-related transactions.

Parent Organisation Indian Private
Founded 2007
Managing Director Satyanarayan Goel
NSE Symbol IEX

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Indiabulls Enterprises Ltd ₹250.50

12.3

0.30 (-2.38%)

12.25 - 12.9
PTL Enterprises Ltd ₹587.49

43.95

0.25 (-0.57%)

43.3 - 44.8
Service Care Ltd ₹68.82

59

0.85 (-1.42%)

58.5 - 59
Madhav Marbles and Granites Ltd ₹43.27

47.2

0.75 (-1.56%)

45.55 - 48
Shreeoswal Seeds & Chemicals Ltd ₹373.65

39.25

1.60 (-3.92%)

38.75 - 41

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Indian Energy Exchange FAQs

What is the Share price of Indian Energy Exchange (IEX)?

Indian Energy Exchange (IEX) share price as of March 5, 2024, on NSE is Rs 149.60 (NSE) and Rs 150.45 (BSE) on BSE.

Can I buy Indian Energy Exchange (IEX) shares?

Yes, You can buy Indian Energy Exchange (IEX) shares by opening a Demat account with Angel One.

How do I buy Indian Energy Exchange (IEX) from Angel One?

Indian Energy Exchange (IEX) share can be brought through the following modes:
  1. Direct investment: You can buy Indian Energy Exchange (IEX) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Indian Energy Exchange (IEX) shares.

What is the total Asset of IEX?

The total Asset of IEX is Rs. 1,695 crores.

What is the main business of IEX?

The main business of IEX (Indian Energy Exchange) is to serve as India’s premier energy marketplace. It serves over 6800 participants through its nationwide automated trading platform, which enables the physical delivery of electricity, renewables, and certificates.