Indian Energy Exchange Ltd.
•₹ 123.70.28%
2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 52.9%
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.6%
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.91x)
- Company has been maintaining a healthy dividend payout of 63.3%
CONS
- Working capital days have increased from 392 to 601 days
- Operating margins have contracted to 84.5% from 102.2%
- Stock is trading at 7.6x its book value
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ADANIPOWER | 203.70 | 27.56 | 392829.23 | 0.00 | 4866.60 | 47.24 | 18901.89 | 33.97 | 17.79 | 42.67 |
| 2. | NTPC | 334.75 | 11.69 | 324595.90 | 2.69 | 6896.44 | -88.71 | 50740.96 | 7.81 | 8.52 | 33.23 |
| 3. | POWERGRID | 262.45 | 15.36 | 244094.35 | 3.43 | 3598.42 | -0.89 | 11496.72 | 2.68 | 9.74 | 82.97 |
| 4. | ADANIGREEN | 1290.00 | 119.11 | 212485.72 | 0.00 | 983.00 | 19.30 | 4431.00 | 16.61 | 9.90 | 91.24 |
| 5. | ADANIENSOL | 1540.00 | 64.52 | 188334.99 | 0.00 | 1236.56 | 129.44 | 9711.08 | 42.41 | 9.71 | 31.27 |
| 6. | TATAPOWER | 378.20 | 31.28 | 120847.74 | 0.66 | 1400.86 | 10.98 | 19051.26 | 5.63 | 11.63 | 21.53 |
| 7. | JSWENERGY | 540.20 | 50.35 | 99044.74 | 0.37 | 532.70 | -36.27 | 5207.13 | 1.24 | 8.50 | 55.22 |
| 8. | NTPCGREEN | 91.62 | 127.19 | 77202.03 | 0.00 | 304.84 | 38.26 | 1106.86 | 62.72 | 3.73 | 91.95 |
| 9. | NHPC | 76.00 | 20.11 | 76342.26 | 2.12 | 1178.09 | 4.15 | 3808.31 | 18.50 | 6.16 | 61.80 |
| 10. | TORNTPOWER | 1244.00 | 26.98 | 62685.60 | 1.61 | 661.85 | -10.75 | 8124.15 | 2.75 | 14.37 | 18.93 |
| 11. | NLCINDIA | 269.55 | 11.65 | 37376.79 | 1.43 | 436.33 | -48.01 | 4716.75 | 23.29 | 11.57 | 32.83 |
| 12. | IEX | 123.60 | 21.74 | 11021.32 | 2.83 | 1347.57 | 1016.49 | 1578.77 | 1013.76 | 51.81 | 87.82 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 104 | 109 | 115 | 121 | 124 | 139 | 132 | 142 | 142 | 154 | 146 | 174 | 158 | |
| 22 | 17 | 17 | 17 | 24 | 20 | 19 | 21 | 26 | 20 | 24 | 25 | 34 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 23 | 24 | 26 | 28 | 31 | 28 | 28 | 32 | 42 | 29 | 37 | 22 | 45 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 |
| 99 | 111 | 119 | 127 | 124 | 142 | 136 | 148 | 152 | 157 | 153 | 165 | 177 | |
| Tax % | 25.19% | 25.20% | 25.66% | 25.29% | 25.32% | 25.89% | 23.73% | 23.61% | 24.84% | 24.11% | 24.76% | 23.90% | 23.78% |
| Net Profit | 0 | 0 | 0 | 0 | 96 | 108 | 107 | 117 | 121 | 123 | 119 | 130 | 135 |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |
| Equity Capital | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 104
- 22
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 1
- Depreciation
- 5
- 99
- Tax %
- 25.19%
- Net Profit
- 0
- 1
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 109
- 17
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 1
- Depreciation
- 5
- 111
- Tax %
- 25.20%
- Net Profit
- 0
- 1
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 115
- 17
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 1
- Depreciation
- 5
- 119
- Tax %
- 25.66%
- Net Profit
- 0
- 1
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 121
- 17
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 1
- Depreciation
- 5
- 127
- Tax %
- 25.29%
- Net Profit
- 0
- 1
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 124
- 24
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 1
- Depreciation
- 5
- 124
- Tax %
- 25.32%
- Net Profit
- 96
- 1
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 139
- 20
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 1
- Depreciation
- 5
- 142
- Tax %
- 25.89%
- Net Profit
- 108
- 1
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 132
- 19
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 1
- Depreciation
- 5
- 136
- Tax %
- 23.73%
- Net Profit
- 107
- 1
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 142
- 21
- Operating Profit
- —
- OPM %
- —
- Other Income
- 32
- Interest
- 1
- Depreciation
- 5
- 148
- Tax %
- 23.61%
- Net Profit
- 117
- 1
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 142
- 26
- Operating Profit
- —
- OPM %
- —
- Other Income
- 42
- Interest
- 1
- Depreciation
- 5
- 152
- Tax %
- 24.84%
- Net Profit
- 121
- 1
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 154
- 20
- Operating Profit
- —
- OPM %
- —
- Other Income
- 29
- Interest
- 1
- Depreciation
- 6
- 157
- Tax %
- 24.11%
- Net Profit
- 123
- 1
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 146
- 24
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 1
- Depreciation
- 6
- 153
- Tax %
- 24.76%
- Net Profit
- 119
- 1
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 174
- 25
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 1
- Depreciation
- 6
- 165
- Tax %
- 23.90%
- Net Profit
- 130
- 1
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 158
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 45
- Interest
- 1
- Depreciation
- 6
- 177
- Tax %
- 23.78%
- Net Profit
- 135
- 0
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 254 | 257 | 318 | 431 | 401 | 449 | 537 | 616 | 632 | |
| 51 | 55 | 67 | 67 | 64 | 72 | 84 | 96 | 103 | |
| Operating Profit | 243 | 242 | 289 | 417 | 410 | 479 | 574 | 651 | — |
| OPM % | 96 | 94 | 91 | 97 | 102 | 107 | 107 | 106 | — |
| Other Income | 40 | 40 | 38 | 53 | 73 | 102 | 120 | 131 | 134 |
| Interest | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 2 |
| Depreciation | 10 | 15 | 17 | 17 | 19 | 20 | 21 | 23 | 24 |
| 232 | 226 | 270 | 405 | 402 | 466 | 565 | 646 | 651 | |
| Tax % | 29 | 22 | 24 | 24 | 24 | 25 | 24 | 24 | 24 |
| Net Profit | 165 | 176 | 205 | 309 | 306 | 351 | 429 | 493 | 494 |
| EPS | 5 | 6 | 2 | 3 | 3 | 4 | 5 | 6 | — |
| Dividend Payout % | 0 | 42 | 58 | 58 | 29 | 63 | 62 | 63 | — |
| Minority Interest | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 |
| Adjusted EPS | 2 | 2 | 2 | 3 | 3 | 4 | 5 | 6 | — |
| Minority Interest | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 |
| Adjusted EPS | 2 | 2 | 2 | 3 | 3 | 4 | 5 | 6 | — |
Mar 2019
- 254
- 51
- Operating Profit
- 243
- OPM %
- 96
- Other Income
- 40
- Interest
- 1
- Depreciation
- 10
- 232
- Tax %
- 29
- Net Profit
- 165
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2020
- 257
- 55
- Operating Profit
- 242
- OPM %
- 94
- Other Income
- 40
- Interest
- 2
- Depreciation
- 15
- 226
- Tax %
- 22
- Net Profit
- 176
- EPS
- 6
- Dividend Payout %
- 42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2021
- 318
- 67
- Operating Profit
- 289
- OPM %
- 91
- Other Income
- 38
- Interest
- 2
- Depreciation
- 17
- 270
- Tax %
- 24
- Net Profit
- 205
- EPS
- 2
- Dividend Payout %
- 58
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2022
- 431
- 67
- Operating Profit
- 417
- OPM %
- 97
- Other Income
- 53
- Interest
- 2
- Depreciation
- 17
- 405
- Tax %
- 24
- Net Profit
- 309
- EPS
- 3
- Dividend Payout %
- 58
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2023
- 401
- 64
- Operating Profit
- 410
- OPM %
- 102
- Other Income
- 73
- Interest
- 2
- Depreciation
- 19
- 402
- Tax %
- 24
- Net Profit
- 306
- EPS
- 3
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2024
- 449
- 72
- Operating Profit
- 479
- OPM %
- 107
- Other Income
- 102
- Interest
- 3
- Depreciation
- 20
- 466
- Tax %
- 25
- Net Profit
- 351
- EPS
- 4
- Dividend Payout %
- 63
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2025
- 537
- 84
- Operating Profit
- 574
- OPM %
- 107
- Other Income
- 120
- Interest
- 3
- Depreciation
- 21
- 565
- Tax %
- 24
- Net Profit
- 429
- EPS
- 5
- Dividend Payout %
- 62
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2026
- 616
- 96
- Operating Profit
- 651
- OPM %
- 106
- Other Income
- 131
- Interest
- 2
- Depreciation
- 23
- 646
- Tax %
- 24
- Net Profit
- 493
- EPS
- 6
- Dividend Payout %
- 63
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
TTM
- 632
- 103
- Operating Profit
- —
- OPM %
- —
- Other Income
- 134
- Interest
- 2
- Depreciation
- 24
- 651
- Tax %
- 24
- Net Profit
- 494
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 21
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 21
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 14%
- 3 Years:
- 15%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 19%
- 3 Years:
- 17%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -2%
- 3 Years:
- 0%
- 1 Year:
- -14%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 43%
- 3 Years:
- 41%
- Last Year:
- 40%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - |
| Equity Capital | 30 | 30 | 30 | 90 | 89 | 89 | 89 | 89 |
| 333 | 349 | 485 | 599 | 694 | 867 | 1,030 | 1,257 | |
| Trade Payables | 134 | 77 | 166 | 635 | 402 | 3 | 3 | 5 |
| 208 | 212 | 301 | 372 | 268 | 815 | 1,074 | 1,085 | |
| Total Liabilities | 706 | 667 | 982 | 1,696 | 1,453 | 1,774 | 2,196 | 2,436 |
| ASSETS | - | - | - | - | - | - | - | - |
| 111 | 119 | 121 | 110 | 110 | 101 | 87 | 97 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| 475 | 509 | 713 | 1,248 | 1,219 | 1,331 | 1,633 | 1,993 | |
| 0 | 0 | 0 | 0 | 0 | 1 | 3 | 2 | |
| Cash & Bank | 68 | 28 | 104 | 233 | 65 | 187 | 113 | 105 |
| 52 | 12 | 43 | 106 | 57 | 154 | 360 | 239 | |
| Total Assets | 706 | 667 | 982 | 1,696 | 1,453 | 1,774 | 2,196 | 2,436 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 82 | 109 | 355 | 520 | 161 | 432 | 577 | 1,014 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 11 | 11 | 5 | 5 |
| Book Value per Share | 12.04 | 12.71 | 17.24 | 7.68 | 8.79 | 10.73 | 12.56 | 15.10 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 82 | 109 | 355 | 520 | 161 | 432 | 577 | 1,014 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 11 | 11 | 5 | 5 |
| Book Value per Share | 12.04 | 12.71 | 17.24 | 7.68 | 8.79 | 10.73 | 12.56 | 15.10 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2019
- Equity Capital
- 30
- 333
- Trade Payables
- 134
- 208
- Total Liabilities
- 706
- 111
- Capital Work in Progress
- 0
- 475
- 0
- Cash & Bank
- 68
- 52
- Total Assets
- 706
- Total Debt
- 0
- Net Working Capital
- 82
- Contingent Liabilities
- 0
- Book Value per Share
- 12.04
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 82
- Contingent Liabilities
- 0
- Book Value per Share
- 12.04
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 30
- 349
- Trade Payables
- 77
- 212
- Total Liabilities
- 667
- 119
- Capital Work in Progress
- 0
- 509
- 0
- Cash & Bank
- 28
- 12
- Total Assets
- 667
- Total Debt
- 0
- Net Working Capital
- 109
- Contingent Liabilities
- 0
- Book Value per Share
- 12.71
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 109
- Contingent Liabilities
- 0
- Book Value per Share
- 12.71
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 30
- 485
- Trade Payables
- 166
- 301
- Total Liabilities
- 982
- 121
- Capital Work in Progress
- 0
- 713
- 0
- Cash & Bank
- 104
- 43
- Total Assets
- 982
- Total Debt
- 0
- Net Working Capital
- 355
- Contingent Liabilities
- 0
- Book Value per Share
- 17.24
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 355
- Contingent Liabilities
- 0
- Book Value per Share
- 17.24
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 90
- 599
- Trade Payables
- 635
- 372
- Total Liabilities
- 1,696
- 110
- Capital Work in Progress
- 0
- 1,248
- 0
- Cash & Bank
- 233
- 106
- Total Assets
- 1,696
- Total Debt
- 0
- Net Working Capital
- 520
- Contingent Liabilities
- 0
- Book Value per Share
- 7.68
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 520
- Contingent Liabilities
- 0
- Book Value per Share
- 7.68
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 89
- 694
- Trade Payables
- 402
- 268
- Total Liabilities
- 1,453
- 110
- Capital Work in Progress
- 2
- 1,219
- 0
- Cash & Bank
- 65
- 57
- Total Assets
- 1,453
- Total Debt
- 0
- Net Working Capital
- 161
- Contingent Liabilities
- 11
- Book Value per Share
- 8.79
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 161
- Contingent Liabilities
- 11
- Book Value per Share
- 8.79
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 89
- 867
- Trade Payables
- 3
- 815
- Total Liabilities
- 1,774
- 101
- Capital Work in Progress
- 0
- 1,331
- 1
- Cash & Bank
- 187
- 154
- Total Assets
- 1,774
- Total Debt
- 0
- Net Working Capital
- 432
- Contingent Liabilities
- 11
- Book Value per Share
- 10.73
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 432
- Contingent Liabilities
- 11
- Book Value per Share
- 10.73
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 89
- 1,030
- Trade Payables
- 3
- 1,074
- Total Liabilities
- 2,196
- 87
- Capital Work in Progress
- 0
- 1,633
- 3
- Cash & Bank
- 113
- 360
- Total Assets
- 2,196
- Total Debt
- 0
- Net Working Capital
- 577
- Contingent Liabilities
- 5
- Book Value per Share
- 12.56
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 577
- Contingent Liabilities
- 5
- Book Value per Share
- 12.56
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 89
- 1,257
- Trade Payables
- 5
- 1,085
- Total Liabilities
- 2,436
- 97
- Capital Work in Progress
- 0
- 1,993
- 2
- Cash & Bank
- 105
- 239
- Total Assets
- 2,436
- Total Debt
- 0
- Net Working Capital
- 1,014
- Contingent Liabilities
- 5
- Book Value per Share
- 15.10
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 1,014
- Contingent Liabilities
- 5
- Book Value per Share
- 15.10
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 138 | 126 | 306 | 762 | -23 | 298 | 427 | 433 | |
| Cash from Investing | -62 | -3 | -196 | -448 | 70 | -24 | -196 | -231 |
| Cash from Financing | -78 | -161 | -77 | -136 | -215 | -183 | -272 | -272 |
| -2 | -38 | 33 | 178 | -167 | 91 | -41 | -70 | |
| Free Cash Flow | 138 | 104 | 291 | 759 | -43 | 292 | 426 | 415 |
| OCF / Net Profit | 0.84 | 0.72 | 1.49 | 2.47 | -0.07 | 0.85 | 1.00 | 0.88 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 1,404 | 1,726 | 1,850 |
| OCF / Net Profit | 0.84 | 0.72 | 1.49 | 2.47 | -0.07 | 0.85 | 1.00 | 0.88 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 1,404 | 1,726 | 1,850 |
Mar 2019
- 138
- Cash from Investing
- -62
- Cash from Financing
- -78
- -2
- Free Cash Flow
- 138
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 0
Mar 2020
- 126
- Cash from Investing
- -3
- Cash from Financing
- -161
- -38
- Free Cash Flow
- 104
- OCF / Net Profit
- 0.72
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.72
- Cumulative 5-Year FCF
- 0
Mar 2021
- 306
- Cash from Investing
- -196
- Cash from Financing
- -77
- 33
- Free Cash Flow
- 291
- OCF / Net Profit
- 1.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.49
- Cumulative 5-Year FCF
- 0
Mar 2022
- 762
- Cash from Investing
- -448
- Cash from Financing
- -136
- 178
- Free Cash Flow
- 759
- OCF / Net Profit
- 2.47
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.47
- Cumulative 5-Year FCF
- 0
Mar 2023
- -23
- Cash from Investing
- 70
- Cash from Financing
- -215
- -167
- Free Cash Flow
- -43
- OCF / Net Profit
- -0.07
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.07
- Cumulative 5-Year FCF
- 0
Mar 2024
- 298
- Cash from Investing
- -24
- Cash from Financing
- -183
- 91
- Free Cash Flow
- 292
- OCF / Net Profit
- 0.85
- Cumulative 5-Year FCF
- 1,404
- OCF / Net Profit
- 0.85
- Cumulative 5-Year FCF
- 1,404
Mar 2025
- 427
- Cash from Investing
- -196
- Cash from Financing
- -272
- -41
- Free Cash Flow
- 426
- OCF / Net Profit
- 1.00
- Cumulative 5-Year FCF
- 1,726
- OCF / Net Profit
- 1.00
- Cumulative 5-Year FCF
- 1,726
Mar 2026
- 433
- Cash from Investing
- -231
- Cash from Financing
- -272
- -70
- Free Cash Flow
- 415
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 1,850
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 1,850
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - |
| EPS (₹) | 5.47 | 5.89 | 6.90 | 3.44 | 3.43 | 3.94 | 4.82 | 5.53 |
| Book Value (₹) | 12.04 | 12.71 | 17.24 | 7.68 | 8.79 | 10.73 | 12.56 | 15.10 |
| Dividend per Share (₹) | 0.00 | 2.50 | 4.00 | 2.00 | 1.00 | 2.50 | 3.00 | 3.50 |
| Cash EPS (₹) | 1.94 | 2.13 | 2.48 | 3.63 | 3.64 | 4.17 | 5.06 | 5.79 |
| PROFITABILITY | - | - | - | - | - | - | - | - |
| Operating Margin % | 95.60% | 94.28% | 90.93% | 96.75% | 102.19% | 83.90% | 84.44% | 84.47% |
| Net Margin % | 64.96% | 68.34% | 64.63% | 71.60% | 76.31% | 78.10% | 79.88% | 80.07% |
| ROE % | 45.40% | 47.32% | 45.97% | 51.28% | 41.56% | 40.35% | 41.37% | 40.00% |
| ROCE % | 62.79% | 59.93% | 59.62% | 66.24% | 53.81% | 52.95% | 53.80% | 51.81% |
| 23.39% | 25.60% | 24.92% | 23.05% | 19.42% | 21.74% | 21.62% | 21.28% | |
| EFFICIENCY | - | - | - | - | - | - | - | - |
| Debtor Days | 66 | 33 | 2 | 38 | 43 | 3 | 1 | 1 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 66 | 33 | 2 | 38 | 43 | 3 | 1 | 1 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 316.64x | 145.11x | 132.62x | 206.20x | 164.58x | 165.44x | 216.74x | 283.74x |
| 1.27x | 1.46x | 1.93x | 1.54x | 1.26x | 1.58x | 1.57x | 2.00x | |
| GROWTH | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 1.20% | 23.61% | 35.61% | -7.00% | 12.05% | 19.62% | 14.59% |
| Operating Profit Growth % | 0.00% | -0.20% | 19.22% | 44.29% | -1.78% | 16.83% | 19.90% | 13.52% |
| Net Profit Growth % | 0.00% | 6.47% | 16.91% | 50.24% | -0.89% | 14.68% | 22.35% | 14.85% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 14.68% | 22.35% | 14.85% | |
| VALUATION | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 34.11x | 36.46x | 20.73x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 12.52x | 13.99x | 7.59x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.86% | 1.71% | 3.05% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 24.61x | 27.08x | 15.53x |
Mar 2019
- EPS (₹)
- 5.47
- Book Value (₹)
- 12.04
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.94
- Operating Margin %
- 95.60%
- Net Margin %
- 64.96%
- ROE %
- 45.40%
- ROCE %
- 62.79%
- 23.39%
- Debtor Days
- 66
- Inventory Days
- 0
- Payable Days
- 0
- 66
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 316.64x
- 1.27x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 5.89
- Book Value (₹)
- 12.71
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 2.13
- Operating Margin %
- 94.28%
- Net Margin %
- 68.34%
- ROE %
- 47.32%
- ROCE %
- 59.93%
- 25.60%
- Debtor Days
- 33
- Inventory Days
- 0
- Payable Days
- 0
- 33
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 145.11x
- 1.46x
- Revenue Growth %
- 1.20%
- Operating Profit Growth %
- -0.20%
- Net Profit Growth %
- 6.47%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 6.90
- Book Value (₹)
- 17.24
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 2.48
- Operating Margin %
- 90.93%
- Net Margin %
- 64.63%
- ROE %
- 45.97%
- ROCE %
- 59.62%
- 24.92%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 132.62x
- 1.93x
- Revenue Growth %
- 23.61%
- Operating Profit Growth %
- 19.22%
- Net Profit Growth %
- 16.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 3.44
- Book Value (₹)
- 7.68
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 3.63
- Operating Margin %
- 96.75%
- Net Margin %
- 71.60%
- ROE %
- 51.28%
- ROCE %
- 66.24%
- 23.05%
- Debtor Days
- 38
- Inventory Days
- 0
- Payable Days
- 0
- 38
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 206.20x
- 1.54x
- Revenue Growth %
- 35.61%
- Operating Profit Growth %
- 44.29%
- Net Profit Growth %
- 50.24%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 3.43
- Book Value (₹)
- 8.79
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 3.64
- Operating Margin %
- 102.19%
- Net Margin %
- 76.31%
- ROE %
- 41.56%
- ROCE %
- 53.81%
- 19.42%
- Debtor Days
- 43
- Inventory Days
- 0
- Payable Days
- 0
- 43
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 164.58x
- 1.26x
- Revenue Growth %
- -7.00%
- Operating Profit Growth %
- -1.78%
- Net Profit Growth %
- -0.89%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 3.94
- Book Value (₹)
- 10.73
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 4.17
- Operating Margin %
- 83.90%
- Net Margin %
- 78.10%
- ROE %
- 40.35%
- ROCE %
- 52.95%
- 21.74%
- Debtor Days
- 3
- Inventory Days
- 0
- Payable Days
- 0
- 3
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 165.44x
- 1.58x
- Revenue Growth %
- 12.05%
- Operating Profit Growth %
- 16.83%
- Net Profit Growth %
- 14.68%
- 14.68%
- P/E (x)
- 34.11x
- P/B (x)
- 12.52x
- Dividend Yield %
- 1.86%
- 24.61x
Mar 2025
- EPS (₹)
- 4.82
- Book Value (₹)
- 12.56
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 5.06
- Operating Margin %
- 84.44%
- Net Margin %
- 79.88%
- ROE %
- 41.37%
- ROCE %
- 53.80%
- 21.62%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 216.74x
- 1.57x
- Revenue Growth %
- 19.62%
- Operating Profit Growth %
- 19.90%
- Net Profit Growth %
- 22.35%
- 22.35%
- P/E (x)
- 36.46x
- P/B (x)
- 13.99x
- Dividend Yield %
- 1.71%
- 27.08x
Mar 2026
- EPS (₹)
- 5.53
- Book Value (₹)
- 15.10
- Dividend per Share (₹)
- 3.50
- Cash EPS (₹)
- 5.79
- Operating Margin %
- 84.47%
- Net Margin %
- 80.07%
- ROE %
- 40.00%
- ROCE %
- 51.81%
- 21.28%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 283.74x
- 2.00x
- Revenue Growth %
- 14.59%
- Operating Profit Growth %
- 13.52%
- Net Profit Growth %
- 14.85%
- 14.85%
- P/E (x)
- 20.73x
- P/B (x)
- 7.59x
- Dividend Yield %
- 3.05%
- 15.53x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-18 - Indian Energy Exchange Limited has informed the Exchange about Copy of Newspaper Publication of Notice of the 20th Annual General Meeting and E-Voting Information.
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Indian Energy Exchange Limited has informed the Exchange about Schedule of meet
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Jul 2026
Apr 2026
Feb 2026