profit from every ₹100 of sales.
₹0₹100
Indian Energy Exchange
₹113.95+1.06% today
-19.2% in 1 year
1-year low ₹101.001-year high ₹154.75
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹20.56 for every ₹1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Indian Energy Exchange sold, what it kept, and what it did with the cash.
Sales went from ₹4.01 billion in 2023 to ₹6.16 billion in 2026, with ₹4.93 billion of profit last year.
SalesProfit
Indian Energy Exchange handed back 64% of the cash it generated last year.
₹2.7B
Free cash flow 2026₹4.2B
Bought back its own shares–
Paid as dividends₹2.7B
Cash vs. debt₹374M vs. ₹112M
Indian Energy Exchange vs. similar companies
Indian Energy Exchange grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Indian Energy Exchange | 20.6× · Fair price | ||
 Morgan Stanley | 17.7× · Fair price | ||
 The Goldman Sachs Group | 15.6× · Fair price | ||
 The Charles Schwab | 18.1× · Fair price | ||
 Interactive Brokers Group | 142.8× · Very expensive |
AI analysis
An AI analyst reads Indian Energy Exchange's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 4,006 | 4,488 | 5,373 | 6,156 | |
| 3,710 | 4,153 | 4,911 | 5,666 | |
| 3,180 | 3,565 | 4,324 | 4,967 | |
| 4,229 | 4,895 | 5,884 | 6,712 | |
| 3,059 | 3,508 | 4,292 | 4,929 | |
| 3.42 | 3.94 | 4.83 | – | |
| 92.6% | 92.5% | 91.4% | 92.0% | |
| 79.4% | 79.4% | 80.5% | 80.7% | |
| 76.4% | 78.2% | 79.9% | 80.1% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 14,534 | 17,737 | 21,967 | 24,357 |
| Cash | 570 | 1,479 | 1,069 | 374 |
| Total debt | 141 | 104 | 62 | 112 |
| Total liabilities | 6,543 | 8,015 | 10,604 | 10,712 |
| 7,991 | 9,722 | 11,363 | 13,646 | |
| 895 | 889 | 889 | – | |
| 39.3% | 37.7% | 39.2% | 37.2% | |
| 38.3% | 36.1% | 37.8% | 36.1% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| -226 | 2,985 | 4,273 | 4,328 | |
| 90 | 153 | 79 | 148 | |
| -316 | 2,832 | 4,194 | 4,180 | |
| Dividends paid | 897 | 1,780 | 2,670 | 2,670 |
| 1,220 | 0 | – | – | |
| 4 | 1 | 16 | 8 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 20.6×
- –
- –
- 7.6×
- 16.5×
- 4.9%
- 2.6%
Profitability
- 80.1%
- 35.3%
- 36.4%
- –
- –
Growth
- +15.4%
- –
- –
- −0.3%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 3%of 748
Top 6%of 603
Bottom 30%of 873
Top 33%of 883
Bottom 48%of 933
2.6%of the share price, paid each year
On $1,000 invested$26a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
54.2% of its profit
Room to growStretchedMore than it earns: 63.9%
News
India pushes back after U.S. bars Microsoft, Indian firms from Visa programSeeking Alpha · Oct 9, 2026'Real boss of India?': Elon Musk takes aim at Indian billionaire Ambani as Starlink launch stallsCNBC · Oct 9, 2026Elon Musk blames Indian 'oligarchs' for stalling Starlink launchCNBC · Oct 8, 2026The Indian billionaire investing in Trump's refinery project is also buying more Venezuelan crudeCNBC · Oct 8, 2026Two Indian nationals charged with smuggling counterfeit Ozempic from China: DOJCNBC · Sep 29, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
7/7Passes 7 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
92Pass
Benjamin Graham
66Pass
Philip Fisher
90Pass
Peter Lynch
93Pass
Joel Greenblatt
66Pass
Charlie Munger
100Pass
Terry Smith
100Pass
Questions about Indian Energy Exchange
Is Indian Energy Exchange a good stock to buy?
A strong, very profitable business at a fair price. 7 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Indian Energy Exchange AI analysis
What does Indian Energy Exchange do?
Indian Energy Exchange Limited provides automated trading platform for physical delivery of electricity, renewable energy, and certificates. It is in Capital Markets, based in Noida, India, with 179 employees.
Does Indian Energy Exchange pay a dividend?
Yes. At today's price the dividend is 2.6% a year, about 54% of its yearly profit. In 2026 it paid out ₹2.67 billion in dividends.
Is Indian Energy Exchange stock halal?
Yes. Indian Energy Exchange passes our halal screen: its business is permitted and its debt is 0.1% of its market value, under the 30% limit. How we check
How has Indian Energy Exchange stock done over the past year?
Down 19.2% over the past twelve months, to ₹113.95. It traded between ₹101.00 and ₹154.75 and is 26.4% below its high.
Who are Indian Energy Exchange's competitors?
The largest listed companies in the same industry are Morgan Stanley, The Goldman Sachs Group, The Charles Schwab and Interactive Brokers Group. The peers table on this page compares their profit, growth and price with Indian Energy Exchange's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.