IEX
Indian Energy Exchange Limited
Each stock's 10,000-path forecast, rendered as light.
Indian Energy Exchange Limited (IEX) Stock Analysis & Case Study
Is IEX a good buy? The data-driven verdict.
Indian Energy Exchange Limited (IEX) trades at ₹127,on the numbers it screens attractive, a Downstox Snapshot Score of 72/100.
On the numbers, Indian Energy Exchange Limited (IEX) screens attractive, a Downstox Snapshot Score of 72/100, weighing fairly valued at 22.4× earnings, ROE of 39.4%, a 53% 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
How IEX ranks against the 2,373 companies in our screener
- IEX's market cap of 11,333 Cr ranks in the 77th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- IEX's book value of ₹15 ranks in the 16th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- IEX's 3-year profit (PAT) growth of 19.0% ranks in the 55th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- IEX's 3-year revenue growth of 15.0% ranks in the 63rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- IEX's debt-to-equity ratio of 0.01x is lower than 98% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
We do not hold a promoter holding figure for IEX, as of 9 Aug 2026, so it is not ranked here.
Is IEX overvalued? IEX P/E vs its Power
IEX's P/E of 22.4× sits above the Power peer median of 22.4×, so on earnings it screens in line with peers, while its 2.75% dividend yield is above the peer median of 1.61%.
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 8.6y of IEX history (10%/yr drift, 42%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| IEX 2027 | ₹76 | ₹132 | ₹229 | +3% |
| IEX 2028 | ₹62 | ₹136 | ₹297 | +7% |
| IEX 2029 | ₹55 | ₹141 | ₹361 | +11% |
| IEX 2030 | ₹48 | ₹146 | ₹438 | +15% |
| IEX 2031 | ₹45 | ₹151 | ₹508 | +19% |
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
- IEX's P/E of 22.4x is lower than 58% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- IEX's return on equity of 39.4% ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- IEX's return on capital employed of 51.4% ranks in the top 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- IEX's dividend yield of 2.8% ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹361.
The bear case & risks
- A steep 8.3× price-to-book means most of the value is intangible/expectations, not assets on the books.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹55.
IEX volatility & expected range, how bumpy is the ride?
Over the last 8.6 years IEX compounded at 10%/year with annualized volatility of 42%. That volatility implies a 1-year 80% range of ₹76-₹229, 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: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. IEX scores 6/8, mixed financial health.
IEX MTF margin & leverage across 11 brokers
Margin Trading Facility lets you buy IEX with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 29.98% | 3.3× |
| Zerodha | 28.50% | 3.5× |
| Groww | 28.60% | 3.5× |
| DhanCHEAPEST | 26.45% | 3.8× |
| Kotak Neo | 30.03% | 3.3× |
| Paytm Money | 26.60% | 3.8× |
| Pocketful | 33.75% | 3.0× |
| Fyers | 34.48% | 2.9× |
| Anand Rathi | 33.45% | 3.0× |
| Bajaj Broking | 32.00% | 3.1× |
| Share India | 33.60% | 3.0× |
Compare every broker on the IEX MTF page.
IEX vs peers,Power comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| IEX (this stock) | 22.4× | 2.75% | ₹11,333 Cr |
| NTPC | 12.0× | 1.61% | ₹3.32L Cr |
| POWERGRID | 15.9× | 3.31% | ₹2.53L Cr |
| TATAPOWER | 31.1× | 0.66% | ₹1.22L Cr |
| NHPC | 20.4× | 2.09% | ₹77,266 Cr |
| ADANIGREEN | 117.0× | 0.00% | ₹2.26L Cr |
| ADANIPOWER | 28.3× | 0.00% | ₹4.03L Cr |
Fundamentals from Screener.in, as of 9 Aug 2026
About Indian Energy Exchange Limited: sector, index & market-cap context
Indian Energy Exchange Limited (IEX) is a small-cap NSE-listed company in the Power sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹11,333 Cr. See more stocks on our screener.
How the IEX Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Indian Energy Exchange Limited'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 Limited (IEX) a good buy?
On the numbers, Indian Energy Exchange Limited (IEX) screens attractive, a Downstox Snapshot Score of 72/100, weighing fairly valued at 22.4× earnings, ROE of 39.4%, a 53% 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 22.4× earnings versus a peer median of 22.4×, 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 ₹151, with an 80% range of ₹45-₹508 (10,000-path Monte-Carlo).
What is the probability IEX doubles in 5 years?
The modelled probability of IEX reaching ₹254 (2×) within 5 years is 29%.
What is the bull case for IEX?
IEX's P/E of 22.4x is lower than 58% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. IEX's return on equity of 39.4% ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. IEX's return on capital employed of 51.4% ranks in the top 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in IEX?
A steep 8.3× price-to-book means most of the value is intangible/expectations, not assets on the books.