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What is the INDIAN ENERGY EXC LTD (IEX) share price today?

INDIAN ENERGY EXC LTD (IEX) is trading at ₹122.8 on the NSE, down 1.56% on the day. Source: DocStoX.

What is the PE ratio of INDIAN ENERGY EXC LTD?

INDIAN ENERGY EXC LTD has a price-to-earnings (PE) ratio of 26.4 in the Financial Services sector.

What is the market capitalisation of INDIAN ENERGY EXC LTD?

INDIAN ENERGY EXC LTD has a market capitalisation of approximately ₹10,962 crore.

INDIAN ENERGY EXC LTD

F&O

IEX·NSE·Financial Services

₹122.80▼ -1.94 (-1.56%)

Financial Services · Exchange

Debt-free and consistently profitable

NIFTY 500NIFTY SMALLCAP 250

Day₹122.50

₹126.80

52W₹115

₹2069%

Open

₹125.40

High

₹126.80

Low

₹122.50

Prev Close

₹124.74

Volume

64.56L

VWAP

₹124.21

Snapshot

Key fundamentals

Market Cap

₹10,962 Cr

P/E Ratio

26.41Fair

P/B Ratio

7.70

EPS

₹4.65

Book Value

₹15.30

ROE

37.77%Strong

ROCE

54.00%Efficient

Dividend Yield

2.97%

Debt / Equity

0.01Low

Face Value

₹1.00

52W High

₹206.47

52W Low

₹114.60

Sector

Financial Services

Industry

Exchange

Avoid

Narrow moatVery High uncertainty

Fair value estimate

₹32

▼ 73.9%downside

Trading at ₹123 — 74% above our estimate

BearFair valueBull

₹27₹32₹37

/100

Business quality — Solid

Growth 0Profitability 100Efficiency 58Valuation 79

Plain English

Our view

Debt-free and consistently profitable
Virtually debt-free balance sheet
Revenue has been shrinking

Strengths

Virtually debt-free balance sheet
Strong returns on equity (38%)
Capital is working hard (ROCE 54%)

Risks

Revenue has been shrinking

How we got there

Fair value methods

Excess-return (book value)

38% ROE fading to 13% over ~10 yrs, on ₹15 book

₹32

Relative P/E

Needs ≥3 peers with P/E

—

Graham floor

Not meaningful for financials

—

Analyst target

No analyst coverage

—

Blended fair value₹32

What the numbers say

Investment thesis

Bull case

Virtually debt-free balance sheet
Strong returns on equity (38%)
Capital is working hard (ROCE 54%)

Bear case

Revenue has been shrinking

Free — see our deterministic Fair Value range, business quality score, and the full bull/bear case for this stock.

Snapshot

Key statistics

P/E

26.4Fair

Below 15× is value territory; above 35× prices in strong growth

ROE

37.8%Strong

Above 15% is considered healthy for Indian equities

ROCE

54.0%Efficient

Above 18% means capital is working hard

Debt/Eq

0.01Low

Below 0.5 is comfortable; above 1.5 strains the balance sheet

Mkt Cap

₹10,962 Cr

P/B

7.70

EPS

₹4.65

Div Yield

2.97%

What changed

Recent changes

Foreign investors+2.7% stake last quarter
Domestic institutions-4.7% stake last quarter

What matters

News impact

Overview

Valuation

Reasonable

P/E 26.4×

Growth

Strong

+15% rev CAGR

Profitability

Excellent

37.8% ROE

Financial health

Rock solid

D/E 0.01

Momentum

N/A

No technicals

Today

Trading activity

Delivery %34.2%

Turnover₹8019.40L Cr

Trades44,280

VWAP₹124.21

Face value₹1.00

Market depth

Market depth available during market hours

Snapshot

Technical signals

Compounded annual growth

Growth (CAGR)

Revenue

+15.4%

+14.2%

10Y

+13.7%

Profit

+18.9%

+18.3%

10Y

+17.3%

EPS

—

10Y

—

Profile

Pros

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%

Watch-outs

Cons

Stock is trading at 8.16 times its book value
Working capital days have increased from -149 days to 541 days

Forecast

News

Peers

Financials

Growth

Shareholding

Ownership

Ownership breakdown

Quarter ending 31 Mar 2026

Foreign investors bought 2.74 pts; domestic institutions reduced 4.69 pts last quarter. The QoQ column shows each group's change versus the prior quarter.

Promoter

Promoters

0.0%0.00

Public

55.3%+1.94

FII / FPI

14.2%+2.74

DII

30.3%-4.69

Total shareholders

14,09,810+2,260 QoQ

Quarterly trend

Ownership over time

Q4 FY26

FII14.16%

DII30.26%

Public55.31%

Others0.27%

Corporate Actions

Bulk & Block Deals

Filings

MF Holdings

Technicals

FAQs

Quick reference

Frequently asked questions

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]

F&O