NSE: IEX | BSE: 540750

Falling Comet

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127.07 0.02 (0.02%)

41.01% Fall from 52W High

3.9M NSE+BSE Volume

NSE 22 May, 2026 3:31 PM (IST)

11,330.7

Market Cap

Above industry Median

Beta 1Year

Very High Volatility

Indian Energy Exchange Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for IEX, BSE:540750 Indian Energy Exchange Ltd.

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Indian Energy Exchange Ltd.

26 Apr 2026

127.07

0.02%

Indian Energy Exchange (IEX IN) Q4FY26 Result Update Good volume growth, but risk from market coupling HOLD

Hold: Indian Energy Exchange Ltd.

Prabhudas Lilladhar

Q4 PAT missed estimates by 8% due to lower other income, even as volumes remained robust (+21% YoY). Market coupling and expected slowdown in volume growth could compress valuation multiples; diversification (IGX, proposed ICX) aims to mitigate this risk IEX reported Q4FY26 PAT of INR 1,240 mn, up 11% YoY, was below our and consensus estimates by 8%. This is driven by lower other income. Total volumes for 4QFY26 were 46.6 BU, up 21% YoY, driven by growth across all products barring TAM market, with...

Indian Energy Exchange Ltd. is trading above its 50 day SMA of 125.2

Indian Energy Exchange Ltd.

26 Apr 2026

127.07

0.02%

In-line 4Q; volume growth guidance robust

Neutral: Indian Energy Exchange Ltd.

Target

Motilal Oswal

Indian Energy Exchange (IEX) reported 4QFY26 standalone revenue of INR1.7b, missing our est. by 4.7%. EBITDA came in at INR1.5b, in line with estimates, supported by traded electricity volumes of 39.4BUs and
7.2m RECs, which were also in line with expectations.

Indian Energy Exchan.. has an average target of 137.50 from 2 brokers.

Indian Energy Exchange Ltd.

07 Apr 2026

127.07

0.02%

Evaluating the coal exchange opportunity

Neutral: Indian Energy Exchange Ltd.

Target

Motilal Oswal

IEX's Board had granted in-principle approval in Mar'26 to explore a coal exchange, tapping into a nascent opportunity backed by the Ministry of Coal's Draft Coal Exchange Rules (published in Dec'25).

Indian Energy Exchange has lost -34.78% in the last 1 Year

Indian Energy Exchange Ltd.

31 Jan 2026

127.07

0.02%

In-line 3Q; volume growth guidance robust

Neutral: Indian Energy Exchange Ltd.

Target

Motilal Oswal

In-line 3Q: Indian Energy Exchange (IEX) reported 3QFY26 standalone revenue of INR1.4b and EBITDA of INR1.2b, both in line with estimates, supported by traded electricity volumes of 34.1BUs, which were also in line with estimates.

Indian Energy Exchange Ltd. is trading above its 50 day SMA of 125.2

Indian Energy Exchange Ltd.

31 Oct 2025

127.07

0.02%

Robust volume growth; upside risk if coupling delays

Neutral: Indian Energy Exchange Ltd.

Target

Motilal Oswal

In-line result; robust volume growth trends continue: Indian Energy Exchange (IEX) reported 2QFY26 standalone revenue of INR1.5b and EBITDA of INR1.3b, both in line with estimates, supported by traded electricity volumes of 35.2BUs, which were also in line with expectations.

Mutual Funds have decreased holdings from 27.12% to 22.09% in Mar 2026 qtr

Indian Energy Exchange Ltd.

28 Apr 2025

127.07

0.02%

Indian Energy Exchange Limited

Neutral: Indian Energy Exchange Ltd.

Recommendation Target

Keynote Capitals Ltd

Quarterly Update Q4FY25

Indian Energy Exchange Ltd. is trading below its 30 day SMA of 128.1

Indian Energy Exchange Ltd.

26 Apr 2025

127.07

0.02%

Strong volume growth partly offset by soft transaction fees

Neutral: Indian Energy Exchange Ltd.

Target

Motilal Oswal

Indian Energy Exchange (IEX) reported standalone revenue for 4QFY25 at INR1.4b (+16.5% YoY), below our estimate by 7%, due to a lower-thanestimated per-unit transaction fee (-8.6% YoY, -6.8% QoQ).

Indian Energy Exchange Ltd. is trading above its 50 day SMA of 125.2

Indian Energy Exchange Ltd.

26 Jan 2025

127.07

0.02%

Strong 3Q; slower volume growth and high base to be key challenges in FY26

Neutral: Indian Energy Exchange Ltd.

Target

Motilal Oswal

Indian Energy Exchange (IEX) reported standalone revenue for 3QFY25 at INR1,313m (+14% YoY), surpassing our estimate by 7%. Reported standalone PAT was 16% above our est. at INR1,031m (+28% YoY), primarily due to a 15.9% YoY rise in electricity volumes and other income.