Indian Energy Exchange Ltd.
NSE: IEXNIFTY500
Analyst consensus:Neutral· 11 analysts
₹125.21-29.5%1Y
Last updated 02:56:08 IST· Public market feed (~15 min delay during market hours)
Indian Energy Exchange Ltd.: A 30-second snapshot
IEX trades at ₹128.74, down 30.87% over the past year and 39.51% below its 52-week high, while posting trailing ROE of 39.42% and a profit margin of 65.99% — among the highest in its peer group. The stock is above its 50-DMA (₹124.88) but below the 200-DMA (₹134.58), with RSI at a neutral 52. PE of 23.2x is mid-range relative to peers; forward PE compresses to 20.4x.
P/E
23.2
Forward P/E
20.4
ROE
+39.4%
Debt / Equity
0.82
Profit Margin
+66.0%
Div. Yield
+3.1%
5Y ROE > 15%
4/5
5Y FCF > 0
3/5
Quality
69/100
Recent context
- ·No news headlines were collected for this analysis run, leaving the catalyst context — whether regulatory, volume-driven, or sector-wide — entirely undocumented for the current period.
- ·The 3-month price change of +6.45% marks a partial recovery from the 52-week low, with the stock now above its 50-DMA (₹124.88) and nearest resistance at ₹130.70, approximately 1.5% above current price.
- ·IEX's sector classification in this dataset groups it with large private banks and insurance companies; any peer-relative conclusions on PE or price performance should be read with awareness of this grouping limitation.
Strengths
- +ROE of 39.42% ranks 1st among the 6-stock peer group, significantly above the next-highest peer (Bajaj Finance at 17.91%), suggesting a structurally higher return profile.
- +Profit margin of 65.99% is exceptionally high, consistent with IEX's exchange-platform business model which benefits from operating leverage with limited marginal costs.
- +Debt-to-equity of 0.818 is low in absolute terms and on a falling trend per 5-year persistence data, indicating measured use of leverage.
- +Dividend yield of 3.06% alongside positive free cash flow in 3 of the last available years reflects capital return capability, supported by an FCF-generative core business.
Weaknesses
- −The stock has declined 30.87% over 12 months and sits 39.51% below its 52-week high, representing a sustained drawdown that has persisted across multiple quarters.
- −5-year earnings growth of 9.8% and revenue growth of 12.5% are comparatively subdued given the profitability profile, raising questions about the pace at which IEX's core power exchange volumes are expanding.
- −The stock remains below its 200-DMA (₹134.58) — a condition that has been in place through the period of the 52-week drawdown — indicating medium-term price momentum has not recovered.
- −Analyst mean rating of 3.27 across 11 analysts (1–5 scale, lower = more constructive) sits in the middle of the scale, reflecting a more divided view among analysts than the fundamental quality metrics alone might suggest.
Open questions
- ?Does the deceleration in 5-year earnings growth (9.8%) reflect a structural ceiling on power exchange volumes in India, or a cyclical softening that regulatory or capacity changes could alter?
- ?How much of IEX's 65.99% profit margin is attributable to its near-monopoly position in the Indian electricity exchange market, and what would margin trends look like if a competing exchange gained significant share?
- ?The forward PE of 20.4x implies market expectations of earnings growth — do the underlying volume and fee-rate trends in India's power trading market support that implied growth rate?
- ?Given that the stock has declined ~31% over 12 months while ROE and margins have remained elevated, what specific factors — regulatory, competitive, or macro — are analysts pointing to as the primary headwinds?
Peer comparison: Banking
Ranks 1 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| IEX | Indian Energy Exchange Ltd.You're viewing | 23.2 | +39.4% | 65 |
| Industry avg | across 5 peers | 32.1 | +14.2% | 39 |
| AXISBANK | Axis Bank Ltd. | 15.0 | +13.2% | 53 |
| BAJFINANCE | Bajaj Finance Ltd. | 29.8 | +17.9% | 53 |
| HDFCBANK | HDFC Bank Ltd. | 16.8 | +13.8% | 47 |
| BAJAJFINSV | Bajaj Finserv Ltd. | 29.6 | +14.6% | 23 |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 69.1 | +11.3% | 20 |
Technical state
Current price
₹128.74
SMA 50
₹124.88
SMA 200
₹134.58
RSI (14)
52.0 (neutral)
From 52w high
-39.5%
1Y return
-30.9%
3M return
+6.5%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
₹122.34
₹119.38
₹117.59
Algorithmic resistance levels
₹130.70
₹136.80
₹141.70
Risk flags
- mediumStock is down 30.87% over 1 year and trades 4.35% below its 200-DMA (₹134.58), with a 52-week drawdown of 39.51%, indicating sustained price weakness over the medium term.
- mediumIEX (India Energy Exchange) is classified under Banking sector peers in this dataset — grouping it with HDFCBANK, AXISBANK, and Bajaj Finance. Sector comparison metrics (PE, ROE ranking) should be interpreted cautiously given this likely mis-classification.
- low5-year earnings growth of 9.8% and revenue growth of 12.5% are modest relative to the stock's 65.99% profit margin and 39.42% ROE, suggesting growth has decelerated even as profitability remains high.
- lowZero news articles collected for this run (0 total headlines). Sentiment and recent catalyst context are entirely absent from this analysis.
Cross-section contradictions
- Trailing ROE of 39.42%, profit margin of 65.99%, and a consistency score of 87 indicate strong fundamental quality, yet the stock has declined 30.87% over 1 year and sits 39.51% below its 52-week high — a divergence not explained by available news data.
- Analyst mean rating of 3.27 across 11 analysts (1–5 scale, lower = more constructive) is toward the middle of the scale, which contrasts with the company's top-ranked ROE and quality score among its sector peer group.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 12 May 2026 · rotates through NIFTY 500 every ~5 days