Indian Energy Exchange Ltd (IEX) Stock Price & News - Google Finance (2024)

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Indian Energy Exchange Ltd

₹148.00

Mar 7, 3:59:48 PM GMT+5:30 · INR · NSE · Disclaimer

Key events shows relevant news articles on days with large price movements

Key events shows relevant news articles on days with large price movements

Key events shows relevant news articles on days with large price movements

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Financials

Income Statement

Revenue

Net income

(INR)Dec 2023info

Fiscal Q3 2024 ended 12/31/23. Reported on 1/25/24.

Y/Y change

Revenue

The total amount of income generated by the sale of goods or services related to the company's primary operations

1.41B20.34%

Operating expense

Represents the total incurred expenses through normal operations

217.03M-0.97%

Net income

Company’s earnings for a period net of operating costs, taxes, and interest

918.07M18.90%

Net profit margin

Measures how much net income or profit is generated as a percentage of revenue.

65.01-1.20%

Earnings per share

Represents the company's profit divided by the outstanding shares of its common stock.

1.0026.58%

EBITDA

Earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some circ*mstances

1.21B25.05%

Effective tax rate

The percent of their income that a corporation pays in taxes

24.92%

Total assets

Total liabilities

(INR)Dec 2023info

Fiscal Q3 2024 ended 12/31/23. Reported on 1/25/24.

Y/Y change

Cash and short-term investments

Investments that are relatively liquid and have maturities between 3 months and one year

10.09B18.82%

Total assets

The total amount of assets owned by a company

Total liabilities

Sum of the combined debts a company owes

Total equity

The value of subtracting the total liabilities from the total assets of a company

8.73B

Shares outstanding

Total number of common shares outstanding as of the latest date disclosed in a financial filing

891.33M

Price to book

A ratio used to determine if a company’s market value is in line with the value of its assets less liabilities and preferred stock

15.08

Return on assets

A financial ratio that shows a company’s profitability compared to its assets

Return on capital

Company’s return above the average cost it pays for its debt and equity capital

33.77%

Net change in cash

(INR)Dec 2023info

Fiscal Q3 2024 ended 12/31/23. Reported on 1/25/24.

Y/Y change

Net income

Company’s earnings for a period net of operating costs, taxes, and interest

918.07M18.90%

Cash from operations

Net cash used or generated for core business activities

Cash from investing

Net cash used or generated in investing activities such as purchasing assets

Cash from financing

Net cash used or generated in financing activities such as dividend payments and loans

Net change in cash

The amount by which a company's cash balance increases or decreases in an accounting period

Free cash flow

Amount of cash a business has after it has met its financial obligations such as debt and outstanding payments

Stock

Ownership of a fraction of a corporation and the right to claim a share of the corporation's assets and profits equal to the amount of stock owned

IN listed security

Listed on NSE

Previous close

The last closing price

₹147.60

Day range

The range between the high and low prices over the past day

₹147.15 - ₹150.25

Year range

The range between the high and low prices over the past 52 weeks

₹116.00 - ₹173.35

Market cap

A valuation method that multiplies the price of a company's stock by the total number of outstanding shares.

131.56B INR

P/E ratio

The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks

38.58

Dividend yield

The ratio of annual dividend to current share price that estimates the dividend return of a stock

0.84%

Primary exchange

Listed exchange for this security

NSE

About

The Indian Energy Exchange is an Indian electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission. IEX started its operations on 27 June 2008. Indian Energy Exchange pioneered the development of power trading in India and provides an electronic platform to the various participants in power market, comprising State Electricity Boards, Power producers, Power traders, and Open Access Consumers.IEX is one of the two operational Power Exchanges in India. Ever since its incorporation, it has held an influential market share. IEX operates a day-ahead market based on closed auctions with double-sided bidding and uniform pricing; it has over 3,800 registered clients, over 300 private generators, and more than 3,300 industrial electricity consumers. Wikipedia

Founded

Jun 27, 2008

Employees

171

Indian Energy Exchange Ltd (IEX) Stock Price & News - Google Finance (2024)

FAQs

Is IEX a good stock to buy? ›

In an encouraging development for investors, brokerage firm Investec has upgraded its rating on IEX from HOLD to BUY. Alongside this upgrade, Investec has raised its price target for IEX shares from Rs 135 to Rs 175, signalling strong confidence in the company's future performance.

What is the future prediction for IEX? ›

Analyst Future Growth Forecasts

Revenue vs Market: IEX's revenue (3.5% per year) is forecast to grow slower than the Indian market (9.6% per year). High Growth Revenue: IEX's revenue (3.5% per year) is forecast to grow slower than 20% per year.

What will happen to IEX? ›

Shares of Indian Energy Exchange (IEX) are likely to face near-term headwinds from three factors which are i) Implementation of market coupling, ii) high power price-driven shift in power volumes away from spot market to longer-duration instruments, iii) rising competition, said Nuvama Institutional Equities.

Is IEX stock overvalued or undervalued? ›

The intrinsic value of one IEX stock under the Base Case scenario is 81.35 INR. Compared to the current market price of 158.95 INR, Indian Energy Exchange Ltd is Overvalued by 49%.

Why is IEX crashing? ›

With market coupling, IEX may face increased competition and could potentially lose its market share. Shares of IEX plunged after the government came out with a directive to speed up the consultation process and finalise the implementation of market coupling.

Is IEX debt free? ›

Company is almost debt free.

What is the target price of IEX share in 2024? ›

In 2024, Indian Energy Exchange Ltd (IEX) is expected to experience strong growth, with an initial target of ₹188.64.

What is the price of IEX stock in 2030? ›

The target price of IEX share for 2030, according to Value Prediction, is around ₹ 119.33 with its high value can be around ₹ 170.44 and lowest price could go as low as ₹ 84.50.

What will be the buyback price of IEX? ›

₹200 per equity share

Can IEX be multibagger? ›

Indian Energy Exchange operates as a power exchange. It offers an online electricity trading platform for trading, clearing, and settlement operations. Utilities: Power Trading & Consultancy Yes IEX has the potential to become the future multibagger.

Who is the competitor for IEX? ›

Competition
NameLast PriceMarket Cap. (Rs. cr.)
Urja Global21.901,220.28
SUZLON-RE1.30312.00
Indowind Energy22.20238.28
India GT RE14.17165.36
43 more rows

Is IEX growing? ›

No wonder, IEX's share price is on a steady climb. In the last six months, its share price surged more than 15% and in the last five days, it rallied more than 9%.

Is IEX a good stock to buy now? ›

Indian Energy Exchange has TTM P/E ratio 34.10 as compared to the sector P/E of 26.61. There are 9 analysts who have initiated coverage on Indian Energy Exchange. There are 1 analysts who have given it a strong buy rating & 2 analysts have given it a buy rating. 1 analysts have given the stock a sell rating.

What are the predictions for IEX? ›

IEX Price Targets Summary

Wall Street analysts forecast IEX stock price to drop over the next 12 months. According to Wall Street analysts, the average 1-year price target for IEX is 141.37 INR with a low forecast of 108.07 INR and a high forecast of 210 INR.

What is the fair value of IEX stock? ›

FAIR VALUE OF INDIAN ENERGY EXCHANGE
ModelFairValue(Rs)CurrentPrice(Rs)
EV/EBIDTA105.84158.35
EV/Sales133.06158.35
Price/Sales134.02158.35

What are the advantages of IEX? ›

Benefits To IEX

Increased Trading Volume: By mandating the sale of the URS power on the exchange, the government is essentially forcing generators to participate in the power market. This can lead to an increase in the total volume of electricity traded on the IEX platform.

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