Indian Energy Exchange Ltd
Indian Energy Exchange Ltd (IEX)

Indian Energy Exchange Ltd (IEX)

₹139.91.52%

Key Stats

₹139.4
Day's Price Range
₹143.9
₹138.65
52-Week Price Range
₹318.66
1 Month Return-10.1 %
3 Month Return-8.06 %
1 Year Return-31.31 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 232
40.27
EPS
Rank 159
₹3.52
BVPS
Rank 379
₹7.69
Dividend Yield
Rank 63
1.2%
ROE
Rank 17
49.05%
Price To Book Ratio
Rank 286
18.47
Debt To Asset
Rank 174
0.46

Company Information

Indian Energy Exchange Limited IEX is the first and largest power exchange in India. It has a dominant market share of over 98 of traded volume in electricity and diverse registered participants base of more than 6300. Providing an automated trading platform for physical delivery of electricity IEX enables efficient price discovery and offers participants the opportunity to trade in electricity contracts Renewable Energy Certificates RECs and ESCerts Energy Saving Certificates. The exchange platform increases the accessibility and transparency of the power market in India and enhances the speed and efficiency of trade execution. IEX is approved and regulated by Central Electricity Regulatory Commission CERC and has been operating since 27 June 2008. The Exchange is a professionally managed company. Indian Energy Exchange is one of two exchanges in India that offer an electronic platform for the trading of electricity products and has a substantial majority market share among the power exchanges in India. The DAM constitutes the substantial majority of the energy contracts that are traded on the Exchange. The Exchange is an online platform which is accessible to registered participants throughout India. The Exchange increases the accessibility and transparency of the power market in India and enhances the speed and efficiency of trade execution. In addition to trade execution the exchange offers settlement services including electronic trade confirmation access to clearing services and risk management functionality.Indian Energy Exchange Limited was incorporated as a public limited company on March 26 2007 in Maharashtra. The Company obtained a certificate of commencement of business on April 17 2007. In 2009 trading on its exchange commenced in dayaheadmarket DAM.In 2010 the company registered first industrial consumer on its exchange. During the year under review trading on its exchange commenced in termahead market TAM. During the year under review the average monthly cleared volume on its exchange crossed 500 million units MU. In 2011 trading on its exchange commenced in renewable energy certificates RECs.In 2014 the daily average cleared volume on its exchange touched 79 MU/day and highest cleared volume in a day crossed over 117 MUs. In 2015 highest cleared volume in a day on its exchange crossed over 131 MUs.In 2016 daily average cleared volume on its exchange touched 93 MU/day and highest cleared volume in a day crossed over 136 MUs. In August 2016 the Exchange received three ISO Certifications: ISO 9001:2008 for quality management ISO 27001:2013 for information security management and ISO 14001:2004 for environment management.In 2017 daily average cleared volume on its exchange touched 109 MU/day and highest cleared volume in a day crossed over 147 MUs. Trading of energy saving certificates ESCerts on its exchange commenced on 26 September 2017. The company came out with an initial public offer IPO during the period from 9 October 2017 to 11October 2017. The IPO comprised of offer for sale of 60.65 lakh shares by selling shareholders. There was no fresh issue of shares from the company. The stock debuted at Rs 1500 on BSE on 23 October 2017 a discount of 9.09 compared to the IPO price of Rs 1650 per share. On 28 March 2018 Indian Energy Exchange IEX and Japan Electric Power Exchange JEPX signed a Memorandum of Understanding MoU for jointly exploring the opportunities of cooperation in electricity market. The intent of the MoU is to share experience and cooperate with each other in respect of technology and in energy market products development. The scope of MoU includes opportunities for training to augment the electricity trading through competitive market platforms by organizing knowledge sharing programs.The Board of Directors of Indian Energy Exchange Limited IEX at its meeting held on 26 April 2018 decided not to go ahead with the buyback of Equity Shares of the company.The Board of Directors of Indian Energy Exchange Limited IEX at its meeting held on 9 August 2018 recommended SubDivision of 1 one Equity Share of face value of Rs. 10/ ten each fully paid up into 1 one Equity Shares of Rs. 1/ one each fully paid up resulting in issuance 10 ten Equity Shares of Rs. 1/ one each fully paid up thereby keeping the paid up capital intact subject to the approval of the Members in the ensuing 12th Annual General Meeting. Additionally the Board approved increase in limit of total shareholding of all Registered Foreign Portfolio Investors FPIs/Registered Foreign Institutional Investors FIIs put together from 24 up to 49 which is present sectorial cap under existing FDI Policy of the paidup equity share capital of the company which shall be subject to approval of shareholders in the ensuing Annual General Meeting and other regulatory approvals/limitations. On 29 September 2018 the highest volume traded on its exchange in DayAhead Market DAM touched 306 MU. This is all time high record volume.During the year 2019 the Company initiated the Buyback proposal for buyback of up to 3729729 fully paidup equity shares of Rs. 1/ each of the Company representing 1.23 of the total number of equity shares in the paidup share capital of the Company at a maximum price of Rs. 185/ per equity share on a proportionate basis through tender offer for an aggregate amount of Rs. 690000000/ excluding transaction costs viz. brokerage securities transaction tax service tax stamp duty etc.. The Record Date for determining the eligibility of the shareholders to participate in the Buyback was set as February 15 2019. The Company completed the Buyback on April 11 2019 that is within 12 months from the date of Special Resolution passed for approving the proposed buy back which is January 28 2020.In FY19 India achieved an installed power capacity of 356 GW and generation of about 1371 billion units with diverse generation mix comprising coal gas hydro renewable and nuclear energy. During the year 201920 Company incorporated a whollyowned subsidiary CompanyM/s Indian Gas Exchange Limited IGX on November 6 2019. The Company started the Indian Gas Exchange in FY 2020. The RealTime market was launched on 01 June 2020. The Green TermAhead Market commenced trading in August 2020 while the Green DayAhead Market commenced in October 2021. It signed a Memorandum of Understanding MOU with Power Ledger an Australian company for peer to peer trading in India.In FY 2021 Company launched Real Time Market which requires very high technological expertise. It helped market participants dynamically balance their power demandsupply portfolio real time in a structured way through the market platform. It upgraded the systems allowing this market to operate with nearly 100 availability. It introduced a MixedInteger Linear Programming MILP based trading algorithm which makes it easy to introduce complex bids on the Exchange platform to meet the requirements of a changing market scenario. On April 19 2021 it commenced Crossborder Electricity Trade with Nepal Bangladesh and Bhutan to build a regional power market. In FY 2022 IGX which was the subsidiary of IEX the Company became an associate of the Company on account of divestment of 4.93 stake in IGX to Indian Oil Corporation Limited effective from 17 January 2022. It launched Hydropower contracts in Green TermAhead market segment in FY 2022. It commenced the trading platform for PAT Cycle II in financial year 2022.
OrganisationIndian Energy Exchange Ltd
HeadquartersNew Delhi
IndustryMiscellaneous