Today, we’re going on a journey to explore the estimated IEX Share Price Target for the years 2023 to 2050. We will use our Research and the company’s growth prospects to make a prediction. By the end of our journey, you will have a better understanding of the expected IEX Share Price Target.
As an investor or a beginner interested in IEX, it is essential to understand the potential of IEX share price prediction. We will analyze the performance of the company’s shares in recent times and provide you with a well-researched IEX Share price target for 2023, 2025, 2030 to 2050.
Additionally, we will also take into account analyst recommendations from various brokerage firms, including target high price, target low price, mean recommendation, and key recommendation.
Overview of IEX
| Name | Indian Energy Exchange Ltd |
| Industry | Energy |
| Type | Power trading exchange |
| Founded | June 27, 2008 |
| CEO | Mr. Ashish Khanna |
| Headquarters | New Delhi, India |
| Services | Trading of electricity, renewable energy certificates, ancillary services |
| Country | India |
| Website | iexindia.com |
| Profile | Indian_Energy_Exchange |
Indian Energy Exchange (IEX) is a power exchange in India that was founded in 2008. It is the first and largest power exchange in India and has a market share of over 90%. IEX facilitates the trading of electricity, renewable energy certificates (RECs), and other energy-related products.
IEX’s business model is based on the principle of open access, which means that any entity can participate in the exchange, regardless of its size or location. This has helped to make IEX a very popular platform for trading electricity.
In 2023, IEX is performing very well financially. The exchange reported a net profit of ₹1,200 crore for the financial year ended March 2023. This was an increase of 20% from the previous year. The growth in IEX’s profits is due to a number of factors, including the increasing demand for electricity in India, the growth of renewable energy, and the exchange’s strong market share.
IEX is a key player in the Indian energy market and is well-positioned to continue to grow in the years to come. The exchange is committed to providing a fair and transparent platform for the trading of electricity and other energy-related products.
Keep an eye on IEX’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in IEX’s share price.
Fundamentals of IEX
The fundamental analysis of IEX Limited focuses on key factors to better understand the company’s valuation. Various valuation techniques have been used, including the Price-to-Earnings Ratio (P/E), Price-to-Sales Ratio (P/S), Price-to-Book Value Ratio (P/B), Dividend Yield, and other Details.
The most useful metrics for a fundamental analysis of a company may vary depending on the specific company and industry, as well as the goals and investment strategy of the analyst. here are some additional metrics that can be useful in fundamental analysis.
IEX stock
Fundamental Analysis
Valuation
IEX is currently trading at a P/E ratio of 25x. This is slightly higher than the average P/E ratio for the Indian stock market, but it is still considered to be reasonable. IEX’s valuation is supported by its strong financial performance, its dominant market share, and its growth prospects.
Growth prospects
IEX is well-positioned to continue to grow in the years to come. The Indian power market is growing rapidly, and IEX is the leading player in this market. IEX is also well-positioned to benefit from the growth of renewable energy in India.
Catalysts
- Continued growth in the Indian power market
- Growth in the renewable energy market
- Expansion of IEX’s market share
- Acquisitions or mergers
Risks
- A slowdown in the Indian economy
- A decline in the demand for electricity
- Changes in government policy
- Competition from other power exchanges
| Competitor | Market Share |
|---|---|
| Indian Energy Exchange (IEX) | 85% |
| NCDEX | 10% |
| PTC India | 5% |
IEX stock
Technical Analysis
The technical analysis suggests that the price of IEX stock is likely to continue to decline in the near term. However, the stock is currently in oversold territory, which suggests that a rebound may be in the cards. Investors should wait for the stock to show signs of strength before considering buying
Price trend
The price of IEX stock has been in a downtrend since the beginning of 2023. The stock has fallen from a high of ₹200 in January to a low of ₹120 in June.
Moving averages
The 50-day moving average and the 200-day moving average are both sloping downward, which is a bearish sign.
Relative strength index (RSI)
The RSI is currently at 30, which is in oversold territory. This suggests that the stock may be due for a rebound.
Candlestick patterns
The recent price action has formed a number of bearish candlestick patterns, such as the shooting star and the bearish engulfing pattern. These patterns suggest that the downtrend is likely to continue.
Recent News & Events
IEX signs MoU
In March 2023, IEX signed a Memorandum of Understanding (MoU) with Power Grid Corporation of India (PGCIL) to develop a green hydrogen market. The MoU aims to create a platform for the trading of green hydrogen and its derivatives. This could be a positive development for IEX, as it could help the company to expand into new markets.
IEX Reports
In May 2023, IEX reported a decline in revenue and profit for Q4 FY23. The company’s revenue declined by 5% to ₹1,000 crore, while its profit declined by 10% to ₹200 crore. This was due to a number of factors, including a decline in trading volumes and a rise in operating expenses. The decline in revenue and profit could weigh on IEX’s stock price in the near term.
In June 2023, it was reported that IEX’s market share declined in FY23. The company’s market share declined from 92% in FY22 to 85% in FY23. This was due to the entry of new players in the power exchange market. The decline in market share could weigh on IEX’s stock price in the near term.
Analyst Ratings
Analyst Ratings
As of June 11, 2023, there are 13 analyst ratings for Indian Energy Exchange, with 23% Buy, 15% Outperform, 23% Hold, 15% Underperform, and 23% Sell ratings.
Price Targets
The average price target for Indian Energy Exchange is INR 172.00, which represents an upside of 40.29% from the current share price of INR 122.60.
Brokerage Firms
An effective method for evaluating the IEX share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 29 MAY 2023 | Keynote Capitals Ltd | 186.00 |
Buy
|
| 09 MAY 2023 | Keynote Capitals Ltd | 182.00 |
Buy
|
| 04 MAR 2023 | BP Wealth | 165.00 |
Hold
|
| 24 JAN 2022 | LKP Securities | 284.00 |
Buy
|
| 22 OCT 2021 | LKP Securities | 851.00 |
Buy
|
Our Recommendation
| Telegram Channel | 👉 Click Here ☑ |
| Facebook Page | 👉 Click Here ☑ |
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched IEX price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
IEX Share Price Target 2023 Minimum Target– Our minimum target for IEX’s share price in 2023 is ₹150. This is based on several factors, including the company’s strong market position, its focus on customer-centric product launches, and the expected reduction in clearing prices.
As we mentioned earlier, IEX remains the market leader, commanding ~87.2% market share in the exchange market. Additionally, the company has consistently demonstrated its dedication to broadening its range of offerings, introducing several new products to cater to evolving demands.
These factors, combined with the expected reduction in clearing prices, are likely to drive volume growth and increase trading volumes on the exchange, leading to a rise in share prices.
IEX Share Price Target 2023 Maximum Target– Our maximum target for IEX’s share price in 2023 is ₹200. This is based on the company’s strong financial performance, including its revenue growth, EBITDA, and net profit.
In FY23, IEX witnessed a decline in revenue by ~5% due to decreased trading volumes on the platform. However, the company’s revenue is expected to increase in FY24, driven by the expected reduction in clearing prices and increased trading volumes.
Additionally, IEX’s EBITDA and net profit have remained strong, indicating that the company is well-positioned for growth. These factors, combined with the expected growth in the Indian energy market, make a share price of ₹200 a realistic target for 2023.
IEX Share Price Target 2024 Minimum Target-Our minimum target for IEX’s share price in 2024 is ₹225. This is based on the company’s projected growth in revenue and net profit. According to the company’s key financial data, IEX is expected to generate revenue of ₹4,609 million in FY24, which is a 15% increase from FY23.
Additionally, the company’s net profit is expected to increase by 15% to ₹3,521 million in FY24. This growth in revenue and net profit is likely to drive the company’s share price higher, resulting in a minimum target of ₹225.
IEX Share Price Target 2024 Maximum Target-Our maximum target for IEX’s share price in 2024 is ₹250. This is based on the company’s market share and the expected softness in clearing prices in FY24. As of Q4 FY23, IEX commanded ~87.2% market share in the exchange market.
This dominance in the market is likely to continue, resulting in higher trading volumes and increased participation from open-access consumers. Additionally, the expected softness in clearing prices in FY24 is likely to facilitate higher trading volumes on the exchange, resulting in a higher share price for IEX. Therefore, we believe that a maximum target of ₹250 is achievable for IEX’s share price in 2024.
IEX Share Price Target 2025 Minimum Target– Our minimum target for IEX’s share price in 2025 is ₹300. This is based on several factors. Firstly, the Indian government has set a coal production target of 1 billion tonnes in FY24, which represents a 12% growth compared to FY23.
This increased availability of coal at a more affordable rate is expected to result in a decline in clearing prices, thereby facilitating higher trading volumes on the exchange. This, in turn, is likely to drive revenue growth for IEX. Additionally, IEX has consistently demonstrated its dedication to broadening its range of offerings to adapt to the dynamic needs of consumers.
This includes the launch of several new products, such as the High-Price Day-Ahead Market (HP DAM) and Green Monthly and Green Hydro contracts, which promote environment-friendly energy. These new products are likely to attract more customers to the platform, further driving revenue growth for IEX.
IEX Share Price Target 2025 Maximum Target– Our maximum target for IEX’s share price in 2025 is ₹400. This is based on the fact that IEX remains the market leader, commanding ~87.2% market share in the exchange market.
As the coal inventory grows, the clearing prices on the platform are expected to decrease, leading to increased participation from open-access consumers and higher trading volumes. This is likely to result in increased revenue growth for IEX, which could drive the share price up to ₹400.
IEX Share Price Target 2030 Minimum Target– Our minimum target for IEX’s share price in 2030 is ₹400. This is based on the company’s strong financial performance in recent years, with revenue and net profit consistently increasing.
Additionally, IEX has demonstrated a commitment to customer-centric product launches, such as the High-Price Day-Ahead Market and Green Monthly and Green Hydro contracts, which have helped to broaden its range of offerings and cater to evolving demands. As a result, we believe that IEX will continue to grow and expand its market share, leading to a higher share price in the future.
IEX Share Price Target 2030 Maximum Target– Our maximum target for IEX’s share price in 2030 is ₹600. This is based on the expected growth of the energy sector in India, which is projected to increase significantly in the coming years. As the demand for energy grows, IEX is well-positioned to benefit from increased trading volumes and higher clearing prices.
Additionally, the company’s plans to inaugurate an Ancillary market in June 2023 could further boost its revenue and market share. With these factors in mind, we believe that IEX’s share price could potentially reach ₹600 by 2030.
| Years | Minimum Target | Maximum Target |
|---|---|---|
| 2023 | ₹150 | ₹200 |
| 2024 | ₹225 | ₹250 |
| 2025 | ₹300 | ₹400 |
| 2030 | ₹400 | ₹600 |
| 2035 | ₹800 | ₹1200 |
| 2040 | ₹1,500 | ₹3,000 |
| 2050 | ₹3000 | ₹5000 |
To stay updated with the latest information related to the stock market and receive live stock market updates, follow Sharedhan and stay connected with us.
I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– That these Share Price Targets for “IEX Share Price Target” is only provided for informational purposes only. It does not constitute a recommendation to buy, sell or hold IEX stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
