As of January 18, 2024, the IEX share price experienced a significant decline, dropping by over 6.8% from ₹147.1 to ₹137.2. The preceding day witnessed an even more substantial decrease of over 10%, falling from ₹163.4 to ₹147.1. This cumulative two-day drop of more than 17% has raised concerns among investors.
Contrastingly, the share had exhibited notable growth in the preceding two months, with a remarkable gain of over 38%. Despite the recent downturn, IEX maintains robust fundamentals. Notably, it remains more than 58% below its all-time high of ₹318, presenting a potential opportunity for vigilant investors to assess and consider the stock in the current market conditions.
In this article, we delve into a comprehensive analysis of IEX (Indian Energy Exchange) share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.
Table of Contents
About
Listed on October 23, 2017, the Indian Energy Exchange (IEX) is a publicly traded company on both the NSE and BSE, specializing in power trading. Engaged in the facilitation of electricity transactions, IEX serves as a dynamic exchange platform that enables efficient price discovery. This, in turn, enhances the accessibility and transparency of the power market in India. The exchange’s impact extends to the speed and efficiency of trade execution, contributing to a robust and effective energy marketplace. IEX boasts over 7300 registered participants from 36 States and Union Territories, with 57 distribution companies, over 620 electricity generators, and more than 4645 open access consumers actively participating in this vibrant energy exchange ecosystem.
| Founded | 27 June 2008 |
| Owner | publicly listed company |
| Chairman & MD | Mr. Satyanarayan Goel |
| Sector | Power Exchange |
| Headquarters | New Delhi, India |
Financial Details
As of January 18, 2024,the company’s Market Cap is ₹12,234 crore, reflecting its total market valuation.
The Stock P/E ratio stands at 39.3, which is shows the that company was overbought or oversold.
Notably, the company demonstrates strong financial efficiency with a Return on Capital Employed (ROCE) of 51.8%, signifying its ability to generate substantial returns on invested capital.
The Return on Equity (ROE) is also impressive at 39.4%, underlining the company’s proficiency in utilizing shareholder equity to generate profits.
Furthermore, the company maintains a robust financial structure with a minimal Debt to Equity ratio of 0.01, implying a conservative approach to financing and a low reliance on external borrowings. The actual Debt on the books is ₹12.1 crore, reinforcing the company’s prudent debt management practices.
In terms of ownership, Foreign Institutional Investors (FII) hold a stake of 13.4%, indicating international investor confidence.
Domestic Institutional Investors (DII) have a significant holding at 26.3%, showcasing strong support from domestic financial institutions.
The Earnings Per Share (EPS) for the company is ₹3.48, indicating the earnings attributable to each outstanding share. Additionally, the company has experienced a modest Sales growth of 0.10%, showcasing a steady expansion in its revenue base.
| Market Cap | ₹ 12,234 Cr. | Stock P/E | 39.3 |
| ROCE | 51.8 % | ROE | 39.4 % |
| Debt to equity | 0.01 | Debt | ₹ 12.1 Cr. |
| FII Holding | 13.4 % | DII Holding | 26.3 % |
| EPS | ₹ 3.48 | Sales growth | 0.10 % |
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Financial Statement
In the fiscal year 2023, the company experienced a noteworthy shift in its financial performance. The net sales for the year amounted to ₹401 crore, reflecting a decrease of approximately 5.87% compared to the previous year’s figures of ₹426 crore in 2022 and ₹317 crore in 2021.
Concurrently, the company’s expenses surged in 2023, reaching ₹64 crore. This marked a significant increase of around 6.78% compared to the expenses incurred in 2022, which were ₹60 crore, and ₹58 crore in 2021. The notable rise in expenses suggests heightened operational costs or strategic investments, prompting a closer examination of the company’s financial management and resource allocation during this fiscal year.
In terms of profitability, the profit after tax for 2023 was ₹293 crore, displaying a marginal decrease from the profits of ₹303 crore in 2022 and ₹213 crore in 2021. This equates to a percentage decrease of approximately 3.30% from 2022 to 2023.
| Particulars | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Sales | 401 | 426 | 317 |
| Expenses | 64 | 60 | 58 |
| Profit After Tax | 293 | 303 | 213 |
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Technical Analysis of IEX share
Analyzing the chart reveals a noteworthy development in the share’s behavior, as it set a trap above ₹163, enticing buyers to make positions. However, this move was followed by a substantial decline, with the share price tanking by more than 17% within just two days.
Examining the weekly timeframe, an immediate support level emerges at ₹118.9. Observing for a bullish signal near this price could provide an opportune entry point for those considering a position in this stock.
Looking ahead, the targets for the upcoming years are outlined as follows: ₹163 (Target One), ₹198 (Target Two), ₹244 (Target Three), and ₹302 (Target Four). While achieving these targets may take time, staying vigilant and monitoring the share price and its price action remains crucial for short-term target considerations.
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Table of IEX Share Price Target
| Year | Min Target | Max Target |
|---|---|---|
| 2024 | ₹163 | ₹168 |
| 2025 | ₹188 | ₹198 |
| 2026 | ₹202 | ₹225 |
| 2027 | ₹230 | ₹240 |
| 2030 | ₹302 | ₹320 |
| 2040 | ₹1209 | ₹1294 |
| 2050 | ₹4529 | ₹4828 |
IEX Share Price Target for 2024:
- Minimum Target: ₹163
- Maximum Target: ₹168
In the upcoming year, the company is anticipated to maintain a price range between ₹163 and ₹168.
IEX Share Price Target for 2025:
- Minimum Target: ₹188
- Maximum Target: ₹198
Moving into 2025, the projected price range widens, reaching between ₹188 and ₹198.
IEX Share Price Target for 2026:
- Minimum Target: ₹202
- Maximum Target: ₹225
Further into the future, specifically in 2026, the anticipated price range remains between ₹202 to ₹225.
IEX Share Price Target for 2027:
- Minimum Target: ₹230
- Maximum Target: ₹240
By 2027, the company’s share price is expected to aim for a range of ₹230 to ₹240.
IEX Share Price Target for 2030:
- Minimum Target: ₹302
- Maximum Target: ₹320
Looking ahead to 2030, the minimum and maximum targets extend to ₹302 and ₹320, respectively.
IEX Share Price Target for 2040:
- Minimum Target: ₹1209
- Maximum Target: ₹1294
In the long term, by 2040, the company is anticipated to potentially reach a price range between ₹1209 and ₹1294.
IEX Share Price Target for 2050:
- Minimum Target: ₹4529
- Maximum Target: ₹4828
Projected into 2050, the minimum and maximum targets suggest a potential price range of ₹4529 to ₹4828.
Positive and Negative Points of IEX(Indian Energy Exchange) Ltd
Positive
- Demonstrating a consistent positive trend, the company exhibits robust growth in net profit, coupled with a steady increase in profit margins quarter over quarter.
- The company’s financial strength is underscored by its debt-free status, reflecting a sound and stable financial foundation.
- The growing confidence in the company is evident as Foreign Institutional Investors (FII), Foreign Portfolio Investors (FPI), and other institutions are actively increasing their shareholding, signaling strong investor trust and interest.
Negative
- very low sales growth in 2023 at 0.10 % compounds the challenges, reflecting a stagnant revenue scenario and contributing to the overall negative outlook for the company.
Disclaimer
Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.
FAQs
Q1: What are the projected share price targets for IEX in 2024?
The anticipated price range for 2024 is between ₹163 and ₹168.
Q2: How do the share price targets change for 2025?
In 2025, the projected price range widens, reaching between ₹188 and ₹198.
Q3: What is the expected share price range for IEX in 2027?
By 2027, the company’s share price is expected to aim for a range of ₹230 to ₹240.
Q4: How do the long-term projections look in 2030?
Looking ahead to 2030, the minimum and maximum targets extend to ₹302 and ₹320, respectively.
Q5: What are the ambitious share price targets for 2040?
By 2040, the company is anticipated to potentially reach a price range between ₹1209 and ₹1294.
Q6: What are the long-term projections for 2050?
Projected into 2050, the minimum and maximum targets suggest a potential price range of ₹4529 to ₹4828
