Indian Energy Exchange Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing an Indian Energy Exchange target price for 2027 should start with where the stock sits today. At Rs 104.79 on 9 October 2026, it is 34.6% below its 52-week high of Rs 160.27 and 1.2% above its 52-week low of Rs 103.50. That range spans 55% from low to high, so the entry point matters as much as the Indian Energy Exchange price forecast itself.

This article builds the Indian Energy Exchange share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 123 base case and the Rs 149 bull case were reached, along with a downside risk level of Rs 83.0.

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Indian Energy Exchange Stock Analysis: Company Overview and Key Stats

Indian Energy Exchange (NSE: IEX) has a market capitalisation of Rs 9,251 crore. In FY26 it reported revenue of Rs 746.95 crore and net profit of Rs 492.92 crore. The table collects the figures the Indian Energy Exchange share price target is built on.

Metric	Value
Company	Indian Energy Exchange
NSE Ticker	IEX
CMP (9 October 2026)	Rs 104.79
52-Week High	Rs 160.27
52-Week Low	Rs 103.50
Market Cap	Rs 9,251 crore
PE Ratio (TTM)	18.23
Industry PE	42.30
Price to Book	6.87
Return on Equity	36.12%
Debt to Equity	0.01
EPS (TTM)	Rs 5.69
Dividend Yield	3.37%
12-Month Base Target	Rs 123
Bull Case	Rs 149
Downside Risk Level (not a target)	Rs 83.0

Why Is Indian Energy Exchange Share Price Target Set at Rs 123 for 2027?

The base-case Indian Energy Exchange stock target of Rs 123 applies a PE multiple of 18.23 to a forward EPS estimate of Rs 6.75. That EPS assumes 18.6% yearly growth, the pace from FY24 to FY26, and puts the target 17.4% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Indian Energy Exchange Target Price: Five Years of Results

Indian Energy Exchange grew revenue from Rs 484.40 crore in FY22 to Rs 746.95 crore in FY26, a compound annual growth rate of 11.4%. Net profit grew faster, from Rs 308.64 crore to Rs 492.92 crore (12.4% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	484.40	308.64	3.45	2.00
FY23	474.10	305.89	3.42	1.00
FY24	550.85	350.78	3.94	2.50
FY25	657.37	429.17	4.83	3.00
FY26	746.95	492.92	5.54	3.50

FY26 revenue growth was 13.6%, faster than the four-year average of 11.4%, and net profit moved up 14.9%. EPS rose from Rs 3.94 in FY24 to Rs 5.54 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Indian Energy Exchange converted 66.0% of FY26 revenue into net profit, against 65.3% in FY25, within a five-year range of 63.7% to 66.0%. EBITDA margin was 89.9% in FY26 versus 89.5% in FY25.

In the June 2026 quarter, revenue was Rs 202.81 crore, up 10.1% from the same quarter a year earlier, while net profit of Rs 134.76 crore was up 11.6%. EBITDA came in at Rs 175.86 crore, up 11.5% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.01, and shareholders' equity grew from Rs 703.41 crore in FY22 to Rs 1,365 crore in FY26. Operating cash flow in FY26 was Rs 432.77 crore against capital expenditure of Rs 14.78 crore, leaving free cash flow of Rs 417.99 crore, or 4.5% of the current market capitalisation. In FY25 free cash flow was Rs 419.40 crore.

Valuation Check for the Indian Energy Exchange Stock Target: PE, Price to Book and ROE

At a PE of 18.23 against an industry PE of 42.30, Indian Energy Exchange trades at a discount to its industry. Price to book is 6.87 on a book value of Rs 15.09 per share, and return on equity is 36.12%. A PE of 18.23 equals an earnings yield of 5.5%, and the FY26 dividend of Rs 3.50 per share gives a yield of 3.37%.

Shareholding Pattern and Institutional Holding

The latest filing shows no promoter holding in Indian Energy Exchange, so ownership rests with institutions and public shareholders. Foreign institutional investors (FII) held 12.63% and domestic institutions (DII) held 31.46%, which puts total institutional holding at 44.09%. FII holding fell from 18.53% in June 2025 to 12.63% in June 2026. Public shareholders own the remaining 55.91%. A meaningful institutional holding adds a layer of research coverage and trading depth.

Indian Energy Exchange Share Price Targets for the Short Term and 12 Months

Short Term Indian Energy Exchange Stock Target Levels: Technical Setup

At Rs 104.79 on 9 October 2026, Indian Energy Exchange trades below its 50-day simple moving average of Rs 118.35 and below its 200-day exponential moving average of Rs 126.75. The 14-day RSI reads 24.1, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 118.35 (50-day simple moving average) and the nearest support is Rs 103.50 (52-week low). A sustained move above Rs 118.35 would improve the short-term setup, while a close below Rs 103.50 would shift attention to the next support.

12 Month Indian Energy Exchange Target Price for 2027

The 12-month target for Indian Energy Exchange is Rs 123: forward EPS of Rs 6.75 at a PE of 18.23. That is 17.4% above Rs 104.79. It would still leave the stock 23.3% below its 52-week high of Rs 160.27.

How EPS Growth and PE Multiple Change the Indian Energy Exchange Target Price

EPS Growth	PE 14.58	PE 18.23	PE 20.96
0.0% (EPS Rs 5.69)	Rs 83.0	Rs 104	Rs 119
18.6% (EPS Rs 6.75)	Rs 98.4	Rs 123	Rs 141
24.6% (EPS Rs 7.09)	Rs 103	Rs 129	Rs 149

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Indian Energy Exchange price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Indian Energy Exchange Stock Target in 2027

Bull Case Rs 149

The bull case Indian Energy Exchange price target needs EPS growth of 24.6%, which lifts forward EPS to Rs 7.09, and a PE multiple that rises 15% to 20.96. That gives Rs 149, 42.2% above the current price and below the 52-week high of Rs 160.27.

Downside Risk Level Rs 83.0

The downside risk level is not a target. It assumes EPS stays flat at Rs 5.69 and the PE falls 20% to 14.58. That gives Rs 83.0, 20.8% below the current price and below the 52-week low of Rs 103.50.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	24.6%	20.96	Rs 149	+42.2%
Base Case	18.6%	18.23	Rs 123	+17.4%
Downside Risk	0.0%	14.58	Rs 83.0	-20.8%

Key Risks to the Indian Energy Exchange Target Price for 2027

Growth Slowdown Risk for the Indian Energy Exchange Price Target

Revenue in the June 2026 quarter was up 10.1% year on year, and FY26 revenue growth was 13.6%. If growth slows from here, the EPS estimate behind the Indian Energy Exchange stock target will need revising.

Liquidity and Size Risk

Indian Energy Exchange has a market capitalisation of Rs 9,251 crore. Institutional holding is 44.09%, and the latest filing shows no promoter holding. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 66.0% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 18.23 versus an industry PE of 42.30, a de-rating toward the downside-risk PE of 14.58 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 34.6% below its 52-week high, with an RSI of 24.1 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in Indian Energy Exchange

Start with the live price and volume. Any Indian Energy Exchange share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 104.79 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Indian Energy Exchange's PE, ROE, debt and shareholding in one place.

Check Indian Energy Exchange fundamentals on the Univest Screener

Then compare the three Indian Energy Exchange target price scenarios with your own view. If you expect EPS growth below 18.6%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Indian Energy Exchange live price and get daily stock recommendations.

Conclusion

The Indian Energy Exchange share price target for 2027 is Rs 123 in the base case, with Rs 149 as the bull case. The support for that view is arithmetic you can check: EPS grew 18.6% a year over FY24 to FY26, and the stock trades at a PE of 18.23. The risks are equally concrete, including a stock that sits 34.6% below its 52-week high and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Indian Energy Exchange Share Price Target 2027

What is the Indian Energy Exchange share price target for 2027?

Ans. The base-case Indian Energy Exchange share price target for 2027 is Rs 123, with Rs 149 as the bull case. The downside risk level, which is not a target, is Rs 83.0. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Indian Energy Exchange share price today?

Ans. As of 9 October 2026, 3:29 PM IST, Indian Energy Exchange trades at Rs 104.79, up 1.00% on the day. The 52-week range is Rs 103.50 to Rs 160.27.

Is Indian Energy Exchange a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 18.6% a year over FY24 to FY26, but the stock is 34.6% below its 52-week high. Whether Indian Energy Exchange fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Indian Energy Exchange shares?

Ans. The bull case target is Rs 149, which assumes 24.6% EPS growth and a PE of 20.96. The downside risk level is Rs 83.0, which assumes flat EPS and a PE of 14.58. It marks a risk, not a target.

What are the main risks to the Indian Energy Exchange price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 9,251 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.

What is the PE ratio of Indian Energy Exchange and how does it compare with the industry?

Ans. The PE ratio of Indian Energy Exchange is 18.23 against an industry PE of 42.30. Price to book is 6.87 and return on equity is 36.12%. The base case in the Indian Energy Exchange price target holds this PE constant.

Who owns Indian Energy Exchange, and what is the promoter holding?

Ans. The latest filing shows no promoter holding in Indian Energy Exchange. FII held 12.63%, DII held 31.46% and the public held 55.91%.

What were Indian Energy Exchange's latest quarterly results?

Ans. In the June 2026 quarter, Indian Energy Exchange reported revenue of Rs 202.81 crore (up 10.1% year on year) and net profit of Rs 134.76 crore (up 11.6%).