What the business is, and whether it's a good one at a fair price.
Operates an electronic platform that matches electricity sellers and buyers in India across multiple segments, including the Day Ahead Market (DAM), Real-Time Market (RTM) and Term Ahead Market (TAM). FY26 electricity volumes traded on the platform reached 141 billion units (BU), up 17% YoY, with Q4 FY26 hitting a record 39.4 BU (+24.3% YoY); the RTM segment made up 39% of electricity volumes in FY26 and grew 48.2% YoY in Q4. Beyond electricity, it runs a carbon exchange that issues Renewable Energy Certificates (I-RECs) — FY26 I-REC issuance was up over 200% YoY with 5,000+ industrial consumers active — and a gas exchange (IGX) which traded 76.8 MMBtu in FY26 (+28% YoY). A wholly owned subsidiary, Indian Coal Exchange Limited, has been incorporated to enter coal trading after in-principle board approval, and the gas subsidiary IGX has filed a DRHP with SEBI for an IPO. Revenue is generated primarily from transaction fees on matched electricity trades; per F_SEGMENTS the Power Exchange contributed 100% of period segment revenue (₹474.0636 crore) while the Carbon and Gas exchanges contributed negligibly. Costs are dominated by employee expenses (8% of revenue) and other operating expenses (7.6%), with depreciation at 3.8% and capex at 2.4%, reflecting an asset-light, technology-driven model.
Measured from the filed financials, judged against its Capital Markets peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from INDIAN ENERGY EXC LTD's filed financials and exchange disclosures
INDIAN ENERGY EXC LTD is a Capital Markets company listed on NSE and BSE, trading under the symbol IEX.
Yes. Over the trailing twelve months INDIAN ENERGY EXC LTD reported a net profit of ₹507 Cr on revenue of ₹632 Cr.
Yes. The dividend yield is 2.63% at the current price. It paid out 54% of its profit as dividend in FY26.
Effectively yes. It holds ₹37 Cr more cash than debt. Debt stands at 0.00× equity.
On trailing P/E, INDIAN ENERGY EXC LTD ranks 31 of 62 in Capital Markets — cheaper than 51% of them, against an industry median of 20.3×. This is a position, not a valuation judgement.
On a typical session INDIAN ENERGY EXC LTD moves 0.97% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by INDIAN ENERGY EXC LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
