IEX
Indian Energy Exchange
Each stock's 10,000-path forecast, rendered as light.
Indian Energy Exchange (IEX) Stock Analysis & Case Study
Is IEX a good buy? The data-driven verdict.
Indian Energy Exchange (IEX) trades at ₹126,on the numbers it worth a closer look, a Downstox Snapshot Score of 66/100.
On the numbers, Indian Energy Exchange (IEX) worth a closer look, a Downstox Snapshot Score of 66/100, weighing fairly valued at 22.7× earnings, ROE of 39.4%, a 24% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027–2031.
Last updated . Data snapshot for research, not investment advice.
IEX fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
Is IEX overvalued? IEX P/E vs its Power
IEX's P/E of 22.7× sits above the Power peer median of 22.7×, so on earnings it screens in line with peers, while its 2.78% dividend yield is above the peer median of 2.27%.
IEX share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.0y of IEX history (-20%/yr drift, 42%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| IEX 2027 | ₹53 | ₹91 | ₹157 | -26% |
| IEX 2028 | ₹31 | ₹68 | ₹148 | -45% |
| IEX 2029 | ₹20 | ₹51 | ₹131 | -59% |
| IEX 2030 | ₹13 | ₹38 | ₹113 | -69% |
| IEX 2031 | ₹8 | ₹29 | ₹95 | -77% |
Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability IEX goes up, or doubles?
The bull case for IEX
- A 22.7× P/E sits in the fair-value band, neither cheap nor stretched.
- High return on equity (39.4%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise.
- Strong ROCE (51.4%) shows the core business earns well above its cost of capital.
- Pays a 2.8% dividend yield, so you're partly paid to wait.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹131.
The bear case & risks
- A steep 8.2× price-to-book means most of the value is intangible/expectations, not assets on the books.
- The probability model is cautious 12 months out, only a 24% chance of finishing above today's price.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹20.
IEX volatility & expected range, how bumpy is the ride?
Over the last 2.0 years IEX compounded at -20%/year with annualized volatility of 42%. That volatility implies a 1-year 80% range of ₹53–₹157, the honest backbone behind any single price target.
IEX price forecast, the full 60-month probability fan
IEX price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds IEX hits common targets within the simulated horizon?
Full multi-horizon detail on the IEX price target & forecast page.
IEX Piotroski F-Score: 4/9, how financially strong is it?
The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. IEX scores 4/9,mixed financial health.
IEX MTF margin & leverage, Upstox, Zerodha, Groww, Dhan
Margin Trading Facility lets you buy IEX with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 34.1% | 2.9× |
| Zerodha | 29.1% | 3.4× |
| DhanCHEAPEST | 27.1% | 3.7× |
Compare every broker on the IEX MTF page.
IEX vs peers,Power comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| IEX (this stock) | 22.7× | 2.78% | ₹11,196 Cr |
| NTPC | 13.2× | 2.27% | ₹3.56L Cr |
| POWERGRID | 16.9× | 3.11% | ₹2.69L Cr |
| TATAPOWER | 33.8× | 0.62% | ₹1.30L Cr |
| NHPC | 20.9× | 2.44% | ₹78,614 Cr |
| ADANIGREEN | 140.0× | 0.00% | ₹2.55L Cr |
| ADANIPOWER | 35.3× | 0.00% | ₹4.51L Cr |
About Indian Energy Exchange: sector, index & market-cap context
Indian Energy Exchange (IEX) is a small-cap NSE-listed company in the Power sector, and a constituent of the Nifty 200 index group, with a market capitalisation of ₹11,196 Cr. See more Nifty 200 stocks.
How the IEX Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Indian Energy Exchange's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
IEX analysis, FAQs
Is Indian Energy Exchange (IEX) a good buy?
On the numbers, Indian Energy Exchange (IEX) worth a closer look, a Downstox Snapshot Score of 66/100, weighing fairly valued at 22.7× earnings, ROE of 39.4%, a 24% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is IEX overvalued or undervalued?
IEX trades at 22.7× earnings versus a peer median of 22.7×, so it screens richer than its Power peers.
What is the IEX share price target for 2031?
IEX's probability-weighted 2031 median target is ₹29, with an 80% range of ₹8–₹95 (10,000-path Monte-Carlo).
What is the probability IEX doubles in 5 years?
The modelled probability of IEX reaching ₹246 (2×) within 5 years is 1%.
What is the bull case for IEX?
A 22.7× P/E sits in the fair-value band, neither cheap nor stretched. High return on equity (39.4%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise. Strong ROCE (51.4%) shows the core business earns well above its cost of capital.
What are the risks in IEX?
A steep 8.2× price-to-book means most of the value is intangible/expectations, not assets on the books. The probability model is cautious 12 months out, only a 24% chance of finishing above today's price.