IEX share price today

Indian Energy Exchange Ltd's share price was ₹100.90 at the close on 30 October 2026. It has been falling for 64 weeks. That is 18.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹101 and ₹145, and at that close it was at the low of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Indian Energy Exchange Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 11 weeks running.

Over the last 9 years the share price moved +93% while the NIFTY 500 moved +137%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 14 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), profit up on a year earlier for 12 quarters in a row (every quarter we can compare) and highest quarterly profit in 16 quarters.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹167 crore, +8.4% on a year earlier.

   Why: Revenue rose because the core electricity business held up, but lower green and certificate business made the gain smaller than the growth in electricity volume.

   Next results: check whether day-ahead and real-time electricity volumes recover after the October price correction.

   From the earnings call on 30 Oct 2026.

2. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter profit was ₹139 crore, +13% on a year earlier.

   Why: Profit rose because the exchange handled more electricity trades and the cash it holds earned more.

   From the earnings call on 30 Oct 2026.

3. Highest quarterly profit in 16 quarters

   Profit of ₹139 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: The record profit came from more electricity being traded and more money made on the cash the company holds.

   From the earnings call on 30 Oct 2026.

IEX paid ₹3.50 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 3.47% at the ₹100.90 close on 30 October 2026. The last was a dividend of ₹2 a share, ex-date 15 May 2026.

IEX dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Indian Energy Exchange Ltd paid out 63% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 8 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), IEX reported revenue of ₹167 crore, up 8.4% from ₹154 crore a year earlier, and a profit of ₹139 crore, up 13.0% from ₹123 crore.

IEX results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

IEX's management discussed these results on a call held on 30 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

IEX closed at ₹100.90 on 30 October 2026, down 27.4% from ₹139.06 a year earlier (31 October 2025) and down 57.3% over five years. Its highest weekly close since October 2017 was ₹295.25 on 10 December 2021.

IEX share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

476 weekly closes from 27 October 2017 to 30 October 2026.

30 Oct 2026: IEX held its results call for July to September 2026. Management guided: FY27 electricity volume growth around 15%. 30 Oct 2026: IEX closed at ₹100.90, down 0.3% on the week and down 4.8% on the month.

Earlier

• Results for July to September 2026: Revenue up 8.4% and profit up 13.0% on a year earlier.
• 15 May 2026: ex-date for a dividend of ₹2 a share.
• 4 Feb 2026: ex-date for an interim dividend of ₹1.50 a share.

On the call for July to September 2026, held on 30 October 2026, IEX's management guided: FY27 electricity volume growth around 15%.

“If IEX is aggrieved by the final regulation, it can approach the appropriate forum, including on the grounds raised in the appeal.”Rohit Bajaj, on the call for July to September 2026

What management guided

• FY27 IGX volume growth 40-50%.
• FY27 ICX registry revenue growth 20-25%.
• Dividend payout 50-55% of profits.
• Treasury returns in 15-18% range.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 30 October 2026.

When IEX reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: H2 volume delivery at flagged full-year band - check DAM and RTM rebound on flagged October price recovery.

IEX is on 3 of our India lists: 52 week high & low, Dividend stocks and Power & green energy stocks.

Indian Energy Exchange Ltd earned ₹139 Cr of net profit in the Sep 2026 quarter, +13.0% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹493 Cr. Over 7 years profit has grown 16.9% a year on average. That is 83.2% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹123 Cr.

For the full year, FY26 profit was ₹493 Cr (+14.9% on the year before).

Why profit moved: revenue changed +8.4% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +11.7% and revenue +13.2%. Profit and revenue are moving at about the same pace.

Indian Energy Exchange Ltd reported ₹167 Cr of revenue in the Sep 2026 quarter, +8.4% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 7 years it has grown 13.5% a year on average. The last full year, FY26, came in at ₹616 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹645 Cr.

FY26 revenue was ₹616 Cr, +14.7% on the year before.

Recent pace: the last four quarters grew +13.2% on average, against 13.5% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +13.2%, against +13.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +11.8%, against +15.4% a year (rolling over).

Indian Energy Exchange Ltd's operating margin was 85.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 8 years it has been between 79.0% and 84.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.1 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 91% of Indian Energy Exchange Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹433 Cr of operating cash against ₹493 Cr of profit. After ₹34.0 Cr of spending on assets, ₹399 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 91% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Indian Energy Exchange Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 1 days in FY26, down from 4 days in FY21. It spent ₹52.0 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹616 Cr, each day of that cycle ties up about ₹1.7 Cr, so roughly ₹2.0 Cr is tied up in the business at any time.

Spending on assets: ₹52.0 Cr over the last 3 years, against ₹64.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹5.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Indian Energy Exchange Ltd's P/E is 17.2×, about the lowest it has ever been. Its usual P/E (the middle reading) is 37.9×, over 7.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +15.0% while the price moved −27.4%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved −15.6% a year; about +15.1% a year came from earnings growth and about −30.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 29% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Indian Energy Exchange Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 51.0%. This is based on 9 quarters of 4 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.