IEX Share Price Target 2024-2030,Fundamentals & Quarterly Results

IEX Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – IEX, indian energy exchange limited, is a company trading power on national level through an electronic platform.Established in 2007, India Energy trading platform Ltd is a platform in which electricity sales with regard for physical delivery are automated.IEX Share Price Target

IEX Overview

The Central Electricity Regulatory Commission (CERC) oversees The Indian Energy Exchange (IEX) as an electronic trading platform for power. They are a structured power trading market that provides a means for State Electricity Boards (SEBs) as well as captive as well as open-access consumers to be able to transact in various contracts with producers of electricity.The exchange is responsible for developing, managing and extending the reach of organized power market in India.

Company Name Indian Energy Exchange Ltd
Listed at NSE & BSE
Head Office INDIAN ENERGY EXCHANGE LIMITED (IEX) First Floor, Unit No. 1.14(a) Avanta Business Centre, Southern Park, D-2, District Centre, Saket New Delhi – 110017
Board Of Directors – Mr. Satyanarayan Goel (Chairman and Managing Director)

– Prof. Kayyalathu Thomas Chacko (Independent Director)

– Mr. Tejpreet S. Chopra (Independent Director)

– Ms. Sudha Pillai (Independent Director)

– Gautam Dalmia (Non-Executive Director)

– Mr. Amit Garg (Non-Executive Director)

– Mr. Peketi Rajesh Reddy (Non-Executive Director)

Official Website https://www.iexindia.com/

Also Check JP Power Share Price target

IEX Business Profile

First power source Company is licensed electricity spot trader and dealing in REC and ESCERT by Central Electricity Regulatory Commission (‘CERC’). The electricity market open to all players in it through this exchange allows lower prices for everyone in the country also making sure that business grows more quickly due to reduced intermediaries costs, better transmission capacities, etc., which should lead ultimately lead production increase too.

Market participants

According to the information given by IEX, the company has over 7,600 registered participants; out of this number about 60 are distribution firms; there are over 700 power generating companies while the firm has more than 4,800 open access customers.

IEX Product

Day Ahead Market (DAM) –IEX enables its players to transact electricity on a 15-minute block basis, one day before delivery of electricity. Buyers and sellers present their bids by electronic means and Iex matches bids by a double-sided auction mechanism with a uniform market clearing price.

Green – Day Ahead Market – The Green Day Ahead Market allows for anonymous and double sided closed collective auctions of renewable energy on a daily basis—this includes bid categories such as Solar Power, Non-Solar Electricity and Hydro Power, both for buyers and sellers alike.

Term Ahead Market (TAM) – TAM is a term, the amount of time that may go by before the market value is decided, on 11 days. It lets people who are involved in it buy power immediately (using intraday agreements) or in advance(by means of Day-Ahead contracts) or even subscribe to it on daily basis (using daily contracts with a duration of maximum seven days)

Renewable Energy certificate (Rec) – Rec market facilitates trade in environmental attributes. In return for the green qualities of their generation, Renewable Energy (RE) generator may opt for RECs. This is where they go to sell RECs.

Energy Saving certificates (Eserts)- In the Perform, Achieve, Trade Scheme created by the Bureau of Energy Efficiency, ESCerts (Energy Savings Certificates) are traded to help encourage large, energy intensive industries to cut down their power demand.

IEX Financial & Fundamentals

Market Cap ₹ 14,165 Cr.
Current Price ₹ 159
High / Low ₹ 173 / ₹ 116
Stock P/E 43.0
Book Value ₹ 9.56
Dividend Yield 0.63 %
ROCE 51.8 %
ROE 39.4 %
Face Value ₹ 1.00
Debt to equity 0.01
Debt Capacity 0.15
Debt preceding year ₹ 10.0 Cr.
Debt ₹ 12.1 Cr.
Reserves ₹ 764 Cr.
EPS ₹ 3.69
EPS last year ₹ 3.28
Pledged percentage 0.00 %
FCF Prev Ann ₹ 777 Cr.
EVEBITDA 30.4
Industry PE 51.9
PEG Ratio 2.25
Piotroski score 4.00
Earnings yield 3.15

Quarterly Results

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Sales 90 109 114 112 98 95 100 107 104 109 115
Expenses 14 13 16 17 17 16 17 14 22 16 15
Operating Profit 77 96 98 95 81 79 83 93 82 92 100
OPM % 85% 88% 86% 85% 82% 83% 83% 87% 78% 85% 87%
Other Income 12 12 12 16 15 19 17 23 23 24 26
Interest 1 0 0 0 1 1 1 1 1 1 1
Depreciation 4 4 4 4 4 5 5 5 5 5 5
Profit before tax 84 103 106 107 91 92 95 110 99 111 120
Tax % 24% 24% 25% 24% 25% 24% 25% 25% 25% 25% 25%
Net Profit 64 78 80 81 69 70 71 83 74 83 89
EPS in Rs 0.71 0.87 0.89 0.90 0.76 0.78 0.79 0.93 0.83 0.93 1.00

IEX created India’s inaugural gas exchange, which is a national automatic trading platform for giving actual physical natural gas, something nobody has ever seen before. IGX provides trade on six monthly contracts type spanning different regional gas hubs, which are spread from New York Metro in the northeastern US down to Atlanta Georgia while also including St. Louis MO as well as Chicago IL—it’s something similar to a system where products can be traded or exchanged like currencies against each other only here we deal exclusively with transportable energy sources such as power generation ingredients including coal gas nuclear fuel oil hydro carbon compounds biomass alternative renewable sources. The total traded volume for third quarter financial year 2024 was 8.4 million MMbtu covering 319 deals implying a 65% decrease on year over year basis.

IEX CAGR Report

Metric 10 Years 5 Years 3 Years TTM
Compounded Sales Growth 11% 12% 16% 7%
Compounded Profit Growth 15% 19% 20% 13%
Stock Price CAGR 24% 9% 1%
Return on Equity 43% 44% 44% 39%

IEX Breakup Revenue

IEX controls 94.2% of the market in general, with its market share in the DAM & RTM coming to 99.9% each. India must have had two exchanges trading energy _ IEX and PXIL – and IEX controlled the biggest chunk of the market. However, the third and most recent power exchange, HPX, established in 2022 with promoters such as BSE, PTC India and ICICI Bank, the latter started operations on 06 July 2022.

DAM – 48%
Green – 3%
RTM – 28%
TAM – 14%
Certificates – 7%

Shareholding Pattern

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
FIIS 15.79% 15.49% 17.88% 17.28% 14.12% 13.37% 10.89%
DIIS 22.39% 21.73% 21.53% 21.11% 22.61% 26.34% 27.24%
Public 61.54% 62.49% 60.32% 61.33% 62.98% 60.01% 61.57%
Others 0.27% 0.27% 0.28% 0.28% 0.28% 0.28% 0.28%
No. of Shareholders 17,13,913 17,12,825 16,30,991 16,32,597 16,01,518 15,18,597 15,98,631

IEX Share Price Target 2024-2030 Forecast

Year

IEX Share Price Target

2024

₹200

2025

₹230

2026

₹250

 2027

₹275

2028

₹300

2029

₹340

2030

₹375

IEX Share Price Target 2025

Months Target Price 2025
January 210
February 195
March 180
April 185
May 193
June 197
July 200
August 210
September 217
October 213
November 220
December 230

IEX Share Price Target 2026

Months Target Price 2026
January 235
February 228
March 220
April 223
May 230
June 225
July 233
August 237
September 240
October 245
November 247
December 250

IEX Share Price Target 2027

Months Target Price 2025
January 260
February 255
March 250
April 253
May 257
June 260
July 264
August 268
September 265
October 270
November 273
December 275

IEX Share Price Target 2028

Months Target Price 2025
January 285
February 275
March 260
April 265
May 271
June 277
July 284
August 290
September 287
October 293
November 295
December 300

IEX Share Price Target 2029

Months Target Price 2025
January 310
February 299
March 290
April 297
May 308
June 315
July 323
August 327
September 335
October 333
November 337
December 340

IEX Share Price Target 2030

Months Target Price 2025
January 350
February 335
March 324
April 330
May 338
June 345
July 355
August 363
September 370
October 368
November 372
December 375

Check Official Website – https://www.iexindia.com/

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