Indian Energy Exchange (IEX) Ltd Share Price Target 2024, 2025 to 2030, Performance and Key Insights: We’ll analyze Indian Energy Exchange (IEX) Ltd Share Price Target 2024, 2025 to 2030, Performance, and Key Insights. As India’s leading energy exchange, IEX benefits from growing electricity demand, policy support, and a shift toward renewable energy. The company is well-positioned for growth with its market leadership and focus on innovation and sustainability.
Overview of Indian Energy Exchange (IEX) Ltd
What is Indian Energy Exchange (IEX) Ltd?
Indian Energy Exchange (IEX) Ltd is India’s leading electronic power trading exchange, regulated by the Central Electricity Regulatory Commission (CERC). Established on 27 June 2008, IEX facilitates transparent and efficient power trading across India. With its innovative platform, IEX connects power producers and consumers, ensuring an organized marketplace for electricity trading. The exchange plays a pivotal role in India’s energy sector by promoting market-driven power pricing and enabling a transition toward cleaner energy solutions.
Key Features of Indian Energy Exchange (IEX) Ltd:
- Market Leader: IEX is India’s largest power trading exchange, facilitating electricity transactions nationwide.
- Efficient Trading Platform: Provides a transparent, electronic platform for power trading, enhancing market liquidity.
- Growing Renewable Energy Focus: Supports the integration of renewable energy sources like solar and wind into the national grid.
- Revenue Growth: In FY23, IEX reported a revenue of ₹474 crores (US$59 million).
- Regulated by CERC: Operates under the guidance and regulation of the Central Electricity Regulatory Commission, ensuring industry compliance.
Information about Indian Energy Exchange (IEX) Ltd:
| Information | Details |
|---|---|
| Website | iexindia.com |
| Headquarters | New Delhi, India |
| Founded | 27 June 2008 |
| Founder | Indian Energy Exchange Ltd. (company’s establishment, no specific individual founder listed) |
| Managing Director & CEO | S. N. S. Jha |
| Number of Employees | 170 (2024) |
| Revenue | ₹474 crores INR (US$59 million, FY23) |
| Parent Organization | Independent |
| Subsidiaries | IEX Power Exchange Ltd. |
| BSE Symbol | 540750 |
| NSE Symbol | IEX |
Current Market Position of Indian Energy Exchange (IEX) Ltd Share
As of November 2024, Indian Energy Exchange (IEX) Ltd’s share has exhibited mixed performance trends. It is up by +1.11% today and +0.99% over the past week. However, the share has declined by -8.96% over the last month and -16.59% over the past three months. Despite these short-term fluctuations, IEX has gained +13.59% over the past year, with a significant long-term growth of +236.31% in five years, although it has experienced a decline of -36.41% over the past three years.
Indian Energy Exchange (IEX) Share Fundamental Data
- Market Cap: ₹14,548 Cr.
- Current Price: ₹163
- High / Low: ₹244 / ₹129
- Stock P/E: 37.8
- Book Value: ₹11.4
- Dividend Yield: 1.54%
- ROCE: 50.0%
- ROE: 37.7%
- Face Value: ₹1.00
Market Position of Indian Energy Exchange (IEX) Share as of November 2024
| Time Period | Returns of IEX Share |
|---|---|
| 1 Day | 1.11% |
| 1 Week | 0.99% |
| 1 Month | -8.96% |
| 3 Months | -16.59% |
| 1 Year | 13.59% |
| 3 Years | -36.41% |
| 5 Years | 236.31% |
Indian Energy Exchange (IEX) Ltd Share Price Target for 2024, 2025, 2026, 2027, 2028, 2029, 2030
IEX Share Price Target in 2024
In 2024, the share price target for Indian Energy Exchange (IEX) Ltd is expected to range between ₹150 and ₹180, reflecting moderate growth as the company benefits from steady performance in India’s power trading market, despite short-term fluctuations.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹150 | ₹180 |
IEX Share Price Target in 2025
For 2025, IEX Ltd’s share price target is projected to range between ₹180 and ₹210, supported by its expanding market role and increasing demand for efficient power trading solutions.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2025 | ₹180 | ₹210 |
IEX Share Price Target in 2026
In 2026, the share price target for IEX Ltd is expected to range between ₹220 and ₹250, driven by long-term growth in power trading and increasing integration of renewable energy in India’s energy mix.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2026 | ₹220 | ₹250 |
IEX Share Price Target in 2027
By 2027, IEX Ltd’s share price target is projected to range between ₹260 and ₹290, reflecting its enhanced market presence, operational efficiency, and continued expansion of the power exchange ecosystem.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2027 | ₹260 | ₹290 |
IEX Share Price Target in 2028
In 2028, the share price target for IEX Ltd is estimated to range between ₹300 and ₹330, reflecting sustained growth as the company maintains its leadership in India’s power market and adapts to evolving energy demands.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2028 | ₹300 | ₹330 |
IEX Share Price Target in 2029
For 2029, the share price target for IEX Ltd is expected to range between ₹340 and ₹375, driven by continued market expansion, increased demand for electricity trading, and the growing role of renewables.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2029 | ₹340 | ₹375 |
IEX Share Price Target in 2030
By 2030, IEX Ltd’s share price target is projected to range between ₹380 and ₹420, supported by strong long-term growth in India’s energy sector and the company’s leadership in electricity trading.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2030 | ₹380 | ₹420 |
Financial Health and Performance Analysis of Indian Energy Exchange (IEX) Ltd. (FY 2020 – FY 2024)
IEX Financials Income (P&L) (FY 2020 – FY 2024)
FY 2024
| Metric | FY 2024 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹550.85 Cr | +16.19% |
| Total Expenses | ₹95.60 Cr | +11.77% |
| Profit after Tax (PAT) | ₹350.78 Cr | +14.68% |
| Operating Profit Margin (OPM) | 101.98% | – |
| Net Profit Margin (NPM) | 78.09% | – |
| Basic EPS (₹) | ₹3.94 | +14.68% |
FY 2023
| Metric | FY 2023 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹474.10 Cr | -2.13% |
| Total Expenses | ₹85.53 Cr | -1.21% |
| Profit after Tax (PAT) | ₹305.89 Cr | -1.09% |
| Operating Profit Margin (OPM) | 97.54% | – |
| Net Profit Margin (NPM) | 76.30% | – |
| Basic EPS (₹) | ₹3.42 | -1.09% |
FY 2022
| Metric | FY 2022 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹484.40 Cr | +35.98% |
| Total Expenses | ₹86.58 Cr | +0.93% |
| Profit after Tax (PAT) | ₹309.26 Cr | +50.06% |
| Operating Profit Margin (OPM) | 92.75% | – |
| Net Profit Margin (NPM) | 71.74% | – |
| Basic EPS (₹) | ₹3.45 | +50.06% |
FY 2021
| Metric | FY 2021 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹356.23 Cr | +19.78% |
| Total Expenses | ₹85.78 Cr | +19.50% |
| Profit after Tax (PAT) | ₹206.09 Cr | +17.29% |
| Operating Profit Margin (OPM) | 85.73% | – |
| Net Profit Margin (NPM) | 64.83% | – |
| Basic EPS (₹) | ₹6.91 | +17.29% |
FY 2020
| Metric | FY 2020 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹297.40 Cr | +1.10% |
| Total Expenses | ₹71.78 Cr | +15.01% |
| Profit after Tax (PAT) | ₹175.72 Cr | +6.47% |
| Operating Profit Margin (OPM) | 88.35% | – |
| Net Profit Margin (NPM) | 68.33% | – |
| Basic EPS (₹) | ₹5.89 | +6.47% |
Analysis Summary:
- Revenue Growth: IEX Ltd showed a strong growth rate of +16.19% in FY 2024, following a fluctuating but positive trend over the past few years.
- Expense Management: Expenses grew by +11.77% in FY 2024, which is a moderate increase, indicating good control over costs despite revenue growth.
- Profitability: Profit after Tax (PAT) grew by +14.68% in FY 2024, indicating solid profitability and a positive trend in net earnings.
- Margins: Operating Profit Margin (OPM) remained exceptionally high at 101.98%, and Net Profit Margin (NPM) stood at 78.09%, reflecting strong operational efficiency and profitability.
- Earnings Per Share (EPS): Basic EPS increased by +14.68% to ₹3.94 in FY 2024, demonstrating healthy returns for shareholders.
IEX Financials Balance Sheet (FY 2020 – FY 2024)
FY 2024
| Metric | FY 2024 | Y/Y Growth |
|---|---|---|
| Total Assets | ₹1,773.66 Cr | +22.03% |
| Total Liabilities | ₹801.49 Cr | +22.49% |
| Total Equity | ₹972.17 Cr | +21.66% |
| Current Ratio (x) | 1.58 | – |
| Total Debt to Equity (x) | 0.00 | – |
| Contingent Liabilities | ₹2.00 Cr | – |
FY 2023
| Metric | FY 2023 | Y/Y Growth |
|---|---|---|
| Total Assets | ₹1,453.41 Cr | -14.31% |
| Total Liabilities | ₹654.31 Cr | -34.09% |
| Total Equity | ₹799.10 Cr | +13.60% |
| Current Ratio (x) | 1.26 | – |
| Total Debt to Equity (x) | 0.00 | – |
| Contingent Liabilities | ₹1.94 Cr | – |
FY 2022
| Metric | FY 2022 | Y/Y Growth |
|---|---|---|
| Total Assets | ₹1,696.19 Cr | +72.17% |
| Total Liabilities | ₹992.78 Cr | +131.22% |
| Total Equity | ₹703.41 Cr | +26.56% |
| Current Ratio (x) | 1.54 | – |
| Total Debt to Equity (x) | 0.00 | – |
| Contingent Liabilities | ₹3.36 Cr | – |
FY 2021
| Metric | FY 2021 | Y/Y Growth |
|---|---|---|
| Total Assets | ₹985.16 Cr | +47.64% |
| Total Liabilities | ₹429.36 Cr | +53.72% |
| Total Equity | ₹555.80 Cr | +43.27% |
| Current Ratio (x) | 1.93 | – |
| Total Debt to Equity (x) | 0.00 | – |
| Contingent Liabilities | ₹1.71 Cr | – |
FY 2020
| Metric | FY 2020 | Y/Y Growth |
|---|---|---|
| Total Assets | ₹667.26 Cr | -5.43% |
| Total Liabilities | ₹279.31 Cr | -16.70% |
| Total Equity | ₹387.95 Cr | +4.78% |
| Current Ratio (x) | 1.46 | – |
| Total Debt to Equity (x) | 0.00 | – |
| Contingent Liabilities | ₹6.34 Cr | – |
Analysis Summary:
- Total Assets: IEX demonstrated a strong growth of +22.03% in FY 2024, after a significant drop in FY 2023. Overall, assets have consistently increased over the past five years.
- Liabilities: Total liabilities rose by +22.49% in FY 2024. However, liabilities decreased in FY 2023 by -34.09%, showing a sharp decline before this recovery.
- Equity: Equity saw a robust increase of +21.66% in FY 2024, reflecting strong shareholder value growth, after a notable growth of +13.60% in FY 2023.
- Liquidity: The current ratio improved to 1.58 in FY 2024, suggesting solid liquidity and financial flexibility.
- Debt Management: IEX maintains a debt-free position with a total debt-to-equity ratio of 0.00, indicating strong financial stability and a conservative approach to leveraging.
- Contingent Liabilities: The contingent liabilities remain low, with a slight increase in FY 2024, suggesting minimal contingent risk.
IEX Financials Cash Flow (FY 2020 – FY 2024)
FY 2024
| Metric | FY 2024 | Y/Y Growth |
|---|---|---|
| Net Cash Flow from Operating Activities | ₹298.46 Cr | – |
| Net Cash Used in Investing Activities | ₹-24.50 Cr | – |
| Net Cash Flow from Financing Activities | ₹-183.09 Cr | – |
| Net Cash Flow | ₹90.88 Cr | – |
| Closing Cash & Cash Equivalent | ₹147.90 Cr | +159.36% |
| Closing Cash & Cash Equivalent Growth (%) | +159.36% | – |
| Total Debt / CFO (x) | 0.00 | – |
FY 2023
| Metric | FY 2023 | Y/Y Growth |
|---|---|---|
| Net Cash Flow from Operating Activities | ₹-22.62 Cr | – |
| Net Cash Used in Investing Activities | ₹70.26 Cr | – |
| Net Cash Flow from Financing Activities | ₹-214.79 Cr | – |
| Net Cash Flow | ₹-167.15 Cr | – |
| Closing Cash & Cash Equivalent | ₹57.03 Cr | -74.56% |
| Closing Cash & Cash Equivalent Growth (%) | -74.56% | – |
| Total Debt / CFO (x) | 0.00 | – |
FY 2022
| Metric | FY 2022 | Y/Y Growth |
|---|---|---|
| Net Cash Flow from Operating Activities | ₹762.32 Cr | – |
| Net Cash Used in Investing Activities | ₹-448.42 Cr | – |
| Net Cash Flow from Financing Activities | ₹-135.77 Cr | – |
| Net Cash Flow | ₹178.13 Cr | – |
| Closing Cash & Cash Equivalent | ₹224.18 Cr | +386.84% |
| Closing Cash & Cash Equivalent Growth (%) | +386.84% | – |
| Total Debt / CFO (x) | 0.00 | – |
FY 2021
| Metric | FY 2021 | Y/Y Growth |
|---|---|---|
| Net Cash Flow from Operating Activities | ₹306.36 Cr | – |
| Net Cash Used in Investing Activities | ₹-196.05 Cr | – |
| Net Cash Flow from Financing Activities | ₹-77.12 Cr | – |
| Net Cash Flow | ₹33.19 Cr | – |
| Closing Cash & Cash Equivalent | ₹46.05 Cr | +258.09% |
| Closing Cash & Cash Equivalent Growth (%) | +258.09% | – |
| Total Debt / CFO (x) | 0.00 | – |
FY 2020
| Metric | FY 2020 | Y/Y Growth |
|---|---|---|
| Net Cash Flow from Operating Activities | ₹126.02 Cr | – |
| Net Cash Used in Investing Activities | ₹-2.52 Cr | – |
| Net Cash Flow from Financing Activities | ₹-161.45 Cr | – |
| Net Cash Flow | ₹-37.96 Cr | – |
| Closing Cash & Cash Equivalent | ₹12.86 Cr | -74.69% |
| Closing Cash & Cash Equivalent Growth (%) | -74.69% | – |
| Total Debt / CFO (x) | 0.00 | – |
Analysis Summary:
- Operating Cash Flow: In FY 2024, IEX saw a positive shift with a net cash flow of ₹298.46 Cr from operations, a notable recovery from FY 2023’s negative value of ₹-22.62 Cr.
- Investing Activities: The company had minimal cash outflows in FY 2024, with ₹-24.50 Cr used in investing activities.
- Financing Activities: Financing activities remained negative with a net cash outflow of ₹-183.09 Cr in FY 2024, reflecting the company’s conservative stance on financing.
- Net Cash Flow: The overall net cash flow was positive at ₹90.88 Cr in FY 2024, indicating a strong recovery from the previous year’s negative cash flow.
- Closing Cash Balance: Closing cash grew substantially by +159.36% to ₹147.90 Cr, showing significant improvement in liquidity.
- Debt Management: IEX maintained a zero debt to CFO ratio across the years, indicating prudent financial management and zero leverage.
IEX Financials Cash Ratios (FY 2020 – FY 2024)
FY 2024
| Metric | FY 2024 | Y/Y Growth |
|---|---|---|
| Return on Equity (ROE) | 36.08% | -2.19% |
| Return on Capital Employed (ROCE) | 44.80% | -1.58% |
| Return on Assets (ROA) | 19.77% | -1.27% |
| Interest Coverage Ratio (x) | 168.81 | +2.06x |
| Asset Turnover Ratio (x) | 0.28 | +0.02x |
| Price to Earnings (P/E) | 34.13 | -3.18x |
| Price to Book (P/B) | 12.31 | -1.95x |
| EV/EBITDA (x) | 24.61 | -3.05x |
| EBITDA Margin (%) | 106.54% | +4.36% |
FY 2023
| Metric | FY 2023 | Y/Y Growth |
|---|---|---|
| Return on Equity (ROE) | 38.27% | -5.69% |
| Return on Capital Employed (ROCE) | 46.38% | -7.46% |
| Return on Assets (ROA) | 21.04% | +2.81% |
| Interest Coverage Ratio (x) | 166.75 | -44.41x |
| Asset Turnover Ratio (x) | 0.26 | -0.06x |
| Price to Earnings (P/E) | 37.31 | -28.05% |
| Price to Book (P/B) | 14.26 | -14.39% |
| EV/EBITDA (x) | 27.66 | -20.10x |
| EBITDA Margin (%) | 102.18% | +5.44% |
FY 2022
| Metric | FY 2022 | Y/Y Growth |
|---|---|---|
| Return on Equity (ROE) | 43.96% | -4.21% |
| Return on Capital Employed (ROCE) | 53.84% | -2.46% |
| Return on Assets (ROA) | 18.23% | -2.68% |
| Interest Coverage Ratio (x) | 211.16 | +70.51x |
| Asset Turnover Ratio (x) | 0.32 | -0.08x |
| Price to Earnings (P/E) | 65.36 | +17.05% |
| Price to Book (P/B) | 28.65 | +9.76% |
| EV/EBITDA (x) | 47.76 | +13.13x |
| EBITDA Margin (%) | 96.74% | +5.82% |
FY 2021
| Metric | FY 2021 | Y/Y Growth |
|---|---|---|
| Return on Equity (ROE) | 39.17% | -6.12% |
| Return on Capital Employed (ROCE) | 45.19% | -7.41% |
| Return on Assets (ROA) | 20.91% | -5.42% |
| Interest Coverage Ratio (x) | 140.65 | -4.46x |
| Asset Turnover Ratio (x) | 0.40 | -38.13x |
| Price to Earnings (P/E) | 48.31 | +27.57% |
| Price to Book (P/B) | 18.89 | +9.85% |
| EV/EBITDA (x) | 34.13 | +2.00x |
| EBITDA Margin (%) | 90.92% | -3.36% |
FY 2020
| Metric | FY 2020 | Y/Y Growth |
|---|---|---|
| Return on Equity (ROE) | 45.29% | – |
| Return on Capital Employed (ROCE) | 52.60% | – |
| Return on Assets (ROA) | 26.33% | – |
| Interest Coverage Ratio (x) | 145.11 | – |
| Asset Turnover Ratio (x) | 38.53 | – |
| Price to Earnings (P/E) | 21.74 | – |
| Price to Book (P/B) | 9.84 | – |
| EV/EBITDA (x) | 15.62 | – |
| EBITDA Margin (%) | 94.28% | – |
Analysis Summary:
- Return on Equity (ROE): The decline in ROE in FY 2024 to 36.08% shows a slight reduction in profitability for shareholders, down by 2.19% compared to the previous year.
- Return on Capital Employed (ROCE): ROCE dropped to 44.80%, indicating a reduced efficiency in capital utilization, down by 1.58%.
- Return on Assets (ROA): ROA declined to 19.77%, reflecting lower efficiency in asset usage.
- Interest Coverage Ratio: The ratio improved slightly to 168.81x, suggesting strong coverage of interest obligations, despite the minor dip in profitability.
- Asset Turnover Ratio: The asset turnover ratio remained relatively stable, increasing slightly to 0.28, which reflects a moderate level of asset utilization.
- Price-to-Earnings (P/E): The P/E ratio decreased to 34.13x, indicating the stock is relatively cheaper compared to previous years, offering a more attractive valuation.
- Price-to-Book (P/B): The P/B ratio fell to 12.31x, showing a decline in the market’s confidence in the company’s valuation.
- EV/EBITDA: EV/EBITDA decreased to 24.61x, suggesting a more balanced enterprise value relative to EBITDA.
- EBITDA Margin: EBITDA margin continued to perform strongly, increasing to 106.54%, highlighting robust operational profitability.
How to Buy IEX Ltd. Shares:
- Choose a Broker: Select a brokerage platform that offers IEX shares for trading.
- Open a Trading Account: Set up a Demat and trading account with the chosen broker.
- Complete KYC: Submit the required identity and address verification documents.
- Deposit Funds: Add funds to your trading account to enable share purchases.
- Search for IEX Shares: Find IEX Ltd. shares by searching for its name or ticker symbol.
- Place an Order: Select the quantity of shares and place a market or limit order.
- Confirm Purchase: Review the transaction details and confirm your order.
IEX Share Price Target for the Next 5 Years:
IEX Ltd. is well-positioned in India’s power trading market, benefiting from steady performance and increasing demand for efficient power trading solutions. Below are the projected share price targets for IEX Ltd. for the next five years:
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹150 | ₹180 |
| 2025 | ₹180 | ₹210 |
| 2026 | ₹220 | ₹250 |
| 2027 | ₹260 | ₹290 |
| 2028 | ₹300 | ₹330 |
Shareholding Pattern of IEX Ltd.
FII (Foreign Institutional Investors):
- No. of Shares: 13,96,48,817
- Percentage: 15.66%
- % Change QoQ: +4.00%
DII (Domestic Institutional Investors):
- No. of Shares: 28,06,61,039
- Percentage: 31.48%
- % Change QoQ: +0.23%
MF (Mutual Funds):
- No. of Shares: 22,13,04,779
- Percentage: 24.82%
- % Change QoQ: +0.58%
Others:
- No. of Shares: 47,13,82,879
- Percentage: 52.86%
- % Change QoQ: -4.24%
Pros and Cons of IEX Ltd. Shareholding
Pros:
- Strong Institutional Ownership: Domestic Institutional Investors (DII) and Mutual Funds (MF) collectively hold a significant portion (56.30%) of the shares, reflecting strong institutional interest and confidence in the company.
- Increase in FII Stake: Foreign Institutional Investors (FII) have increased their stake by 4.00%, signaling a positive outlook from international investors.
- Stable Mutual Fund Stake: Mutual Funds have increased their stake by 0.58%, which shows growing institutional investment.
Cons:
- High Ownership by Others: The “Others” category holds 52.86% of the shares, suggesting that a large portion of ownership is not concentrated in institutional hands, potentially leading to a lack of strategic alignment.
- Decline in “Others” Stake: Despite the increase in institutional stakes, the “Others” category has seen a decrease of 4.24%, which could indicate some volatility or shifting shareholder interests.
Peer Competitors of IEX Ltd. in the Financial Services Industry
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| BSE | 4,719.95 | 63,896.95 |
| C D S L | 1,540.25 | 32,191.25 |
| Multi Comm. Exc. | 6,190.00 | 31,569.00 |
| Cams Services | 4,455.35 | 21,957.26 |
| KFin Technologies | 1,065.75 | 18,274.02 |
| Indian Energy Exchange | 163.15 | 14,548.01 |
FAQ:
1. What is IEX Ltd.?
IEX Ltd. is a leading energy exchange in India, facilitating the trading of electricity. It provides a platform for buyers and sellers to trade power, promoting efficient energy markets.
2. How does IEX Ltd. operate?
IEX operates by offering various market segments for electricity trading, such as day-ahead market, term-ahead market, and renewable energy certificates, aiming to ensure the reliability and transparency of the energy market.
3. What is the role of IEX in the Indian energy market?
IEX plays a pivotal role by enabling transparent power trading, ensuring price discovery, and fostering competition. It supports the integration of renewable energy in India’s electricity grid and offers various market mechanisms for efficient trading.
4. What is the current share price of IEX Ltd.?
As of the latest update, the share price of IEX Ltd. is ₹163.15.
5. What is the market capitalization of IEX Ltd.?
IEX Ltd. has a market capitalization of ₹14,548.01 crore.
6. How can I invest in IEX Ltd.?
To invest in IEX Ltd., you need to open a trading account with a registered broker, deposit funds, and place an order for IEX shares through the stock market.
7. What are the key competitors of IEX Ltd.?
IEX Ltd.’s competitors in the financial services and energy trading sectors include companies like BSE, C D S L, and KFin Technologies.
8. What is the dividend yield for IEX Ltd.?
IEX Ltd. offers a dividend yield of 0.32%, based on the latest data.
9. What is the P/E ratio of IEX Ltd.?
IEX Ltd. currently has a Price-to-Earnings (P/E) ratio of 37.85.
10. What is the potential growth for IEX Ltd.?
IEX Ltd. is expected to benefit from the growing demand for power trading solutions in India, especially as the country integrates more renewable energy sources into its grid. The share price is projected to see steady growth in the coming years.
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