Indian Energy Exchange IEX
India's largest power exchange, with the dominant share of day-ahead, real-time and green power trading
Mapped in 1 theme: Power Transmission & Grid.
Where Indian Energy Exchange sits in the supply chain
Indian Energy Exchange appears in 1 supply-chain layer in one theme, Power Transmission & Grid.
Power Transmission & Grid › Power markets & grid finance
OperatorOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 431 | 401 | 449 | 537 | 616 |
| Net profit | 309 | 306 | 351 | 429 | 493 |
Latest-year revenue ₹616 Cr (FY26, company-wide).
Strengths
- Near-monopoly share of exchange volumes with very high margins and no debt
- More transmission and more renewables raise short-term trading
Risks
- CERC's market coupling would pool all exchanges' bids and erode its liquidity advantage - APTEL (Feb 2026) and the Supreme Court (Jul-Aug 2026) declined to stop it
- Regulatory price caps and fee pressure
Common questions
What does Indian Energy Exchange do?
India's largest power exchange, with the dominant share of day-ahead, real-time and green power trading.
Where does Indian Energy Exchange sit in the supply chain?
Indian Energy Exchange (NSE: IEX) is mapped in 1 supply-chain layer: Power markets & grid finance (Power Transmission & Grid).
Who are Indian Energy Exchange's peers?
In the Power markets & grid finance layer of Power Transmission & Grid: PTC India, REC, Power Finance Corporation and Grid Controller of India (Grid-India) (not NSE-listed).
What is Indian Energy Exchange's market cap and valuation?
As of 6 Nov 2026: market cap ₹9,773 Cr, P/E 18.7x, ROCE 51.4%, ROE 39.4%, dividend yield 3.20%.