I

Indian Energy Exchange Limited

IEXNSE
Market snapshot · 2026-08-11 16:21 UTC

126.00

₹-0.30 (-0.24%)

MARKET CAP

₹11.21K Cr

STOCK P/E

22.1x

52W HIGH

₹160.27

52W LOW

₹114.60

BOOK VALUE

₹15.25

EPS

₹5.70

ROE

SECTOR

Utilities

DEBT/EQUITY

0.82

VOLUME

19.04L

P/B RATIO

8.26x

PEG RATIO

1.87

Sector

Utilities

Themes

Power Trading & ConsultancyCapital Market
D
Dividend
E
Earnings
₹144.97₹137.98₹130.98₹123.99₹116.99VolumeEEDEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for IEX.

11.00 analysts

Price Forecast

Current
₹126.00
High Target
₹285.00
▲ +126.2%
Median Target
₹135.00
▲ +7.1%
Low Target
₹108.00
▼ -14.3%
Now₹126.00High ₹285.00Median ₹135.00Low ₹108.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
11 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹103.16 - ₹154.4980%
6M₹95.06 - ₹168.2980%
12M₹84.78 - ₹190.1580%
Realized vol: +31.5% · Drift: +5.7%

Revenue Forecast

₹ Cr
Jun '26Current₹156.0
Sep 2026 ETrend estimate range
High₹187.9Base₹174.0Low₹160.0
Sep '25: ₹152.0 · Dec '25: ₹144.0 · Mar '26: ₹172.0 · Jun '26: ₹156.0 · Sep '26: ₹174.0 · Dec '26: ₹164.8
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E152.0144.0172.0156.0174.0164.8
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹1.42
Sep 2026 ETrend estimate range
High₹1.69Base₹1.51Low₹1.33
Sep '25: ₹1.36 · Dec '25: ₹1.29 · Mar '26: ₹1.39 · Jun '26: ₹1.42 · Sep '26: ₹1.51 · Dec '26: ₹1.43
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1.361.291.391.421.511.43
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
69%
Analyst Consensus
Weakening

From 11 analysts

Mean upside+14.7%

Fundamentals

Moderate

Fundamentals institutional score is 68 using growth durability 67.8.

Valuation

Attractive relative to peers

Valuation institutional score is 93 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 37 using mean target upside 14.7%; dispersion penalty 30; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 87 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 8 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and valuation provide support, while analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Attractive relative to peersAnalyst Consensus WeakeningTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price144.6 target
Mean Upside+14.7%
Technical Score87%
Fundamental Score68%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 9.8% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -0.91). Confidence: 83%.

Live forward EPS implies next-12-month EPS of ₹6.54. Applying the stock's normalized valuation corridor produces a fair range of ₹146.63 to ₹194.63, with base value near ₹160.36 (+27.3% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹6.54

Forward P/E

19.3x

Base Fair Value

₹160.36

Fair Range

₹146.63 - ₹194.63

Upside To Base

+27.3%

Estimate Source

Live forward EPS

Growth Estimate

+11.8%

P/B
Strongly Undervalued

5Y Average

10.40

Current

8.26

Overvalued

10.60

Undervalued

8.62

P/E
Strongly Undervalued

5Y Average

26.98

Current

22.11

Overvalued

29.76

Undervalued

22.42

P/S
Strongly Undervalued

5Y Average

17.86

Current

14.64

Overvalued

20.40

Undervalued

15.13

Peers & Comparison

Sector: Utilities · Theme: Power Trading & Consultancy

Power Trading & Consultancy · Power Trading & Consultancy Peers4 peers
Avg P/E: 70.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
CRISIL LTD
CRISILStock Exchanges & Ratings
+27.6%21.4%
37.0x
Undervalued
-47% vs avg
-9.4%
QUALITY POWER ELEC EQUP L
QPOWERPower Trading & Consultancy
+159.2%12.8%
78.9x
Fair
+13% vs avg
+43.2%
KRN HEAT EXCHANGE N REF L
KRNElectrical Components & Equipments
+36.5%12.7%
105.0x
Premium
+50% vs avg
+34.1%
CENTRAL DEPO SER (I) LTD
CDSLStock Exchanges & Ratings
+4.2%36.9%
59.5x
Fair
-15% vs avg
-13.6%
WHY THESE PEERS

INDIAN ENERGY EXC LTD trades at a discount (22.3x vs peer avg 70.1x), suggesting potential undervaluation relative to the Power Trading & Consultancy cohort. Peers include CRISIL LTD, QUALITY POWER ELEC EQUP L, KRN HEAT EXCHANGE N REF L — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹156 CrJun 2026

Latest net profit

₹127 CrJun 2026

Latest EPS

₹1.42Jun 2026

Net margin

83.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%25.0%50.0%75.0%100.0%0.00 Cr45 Cr90 Cr135 Cr180 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr45 Cr90 Cr135 Cr180 Cr₹0₹0₹1₹1₹2
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr45 Cr90 Cr135 Cr180 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-800 Cr0.00 Cr800 Cr1.60K Cr2.40K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +104109115121124139131141140152144172156
Expenses +22161516241918192620242526
Operating Profit8292100105100120113122114132120148130
OPM %78%85%87%86%81%86%86%86%81%87%84%86%83%
Other Income +23242628312929314334372245
Interest1111111111111
Depreciation5555555556666
Profit before tax99111120127125143135147150160151163168
Tax %25%25%25%25%25%26%24%24%25%24%24%24%25%
Net Profit +7483899593106103112113122115124127
EPS in Rs0.830.931.001.071.051.191.161.261.271.361.291.391.42
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs +18.53%13.20%11.42%14.16%12.63%
DIIs +34.12%36.43%34.95%30.26%31.47%
Public +47.07%50.11%53.37%55.31%55.63%
Others0.28%0.26%0.26%0.27%0.27%
Jun 2026
FIIs +
DIIs +
Public +
Others

Events Timeline

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Aug 04, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Jul 31, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Jul 27, 2026PDFCompany Reports Open

Concall Transcript - FY2027

Jul 27, 2026PDFKnowledge Base Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Jul 24, 2026PDFCompany Reports Open