IEX Share Price Target 2024, 2025 to 2030: Can IEX Stock price Reach Rs. 500?

IEX share price looks all set to grow in 2024, technically, looks bullish and ready for 30-40% gains in less than 2 years.

Indian Energy Exchange (IEX) is India’s premier energy marketplace and a pioneer in the power trading industry. With state-of-the-art, intuitive, and customer-centric technology, IEX provides a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates. Over the years, IEX has evolved and expanded its operations, now venturing into cross-border electricity trade to create an integrated South Asian Power Market.

Regulated and approved by the Central Electricity Regulatory Commission, IEX boasts a robust ecosystem with over 7,300 participants across 29 States and 5 Union Territories, including distribution utilities, conventional and renewable energy generators, obligated entities, and a diverse base of commercial and industrial consumers from various sectors.

Since its inception in 2008, IEX has grown exponentially and has become a publicly listed company on the NSE and BSE since October 2017. The Exchange holds ISO certifications for quality management, information security management, and environmental management, reflecting its commitment to excellence in its operations.

As we move forward, let’s explore the promising growth and potential of IEX, including its share price predictions and its significant contributions to India’s energy landscape and the broader South Asian region.

IEX IN RECENT NEWS

• Indian Energy Exchange (IEX) Plans to Expand Long-Duration Contracts Up to 11 Months. (17th November 2023)
• IEX Reports Q2 Fy2024 Results: Revenue Up 14.01% YoY
• IEX sells 4.93% of its ownership interest in the gas exchange platform to Indian Oil.

📉 Stats related to IEX

• FII/FPI holdings in IEX decreased from 17.28% to 14.12% during the September 2023 quarter.
• Mutual Funds’ holdings in IEX rose from 15.68% to 17.32% in the same period.
• IEX’s quarterly revenue increased by 14.01% year-over-year, reaching Rs 132.97 Crores.
• The average revenue growth year-over-year in IEX’s sector was 17.02% for the quarter.
• IEX’s Price to Earning (PE) Ratio stands at 38.58, surpassing the sector average of 23.91.
• IEX experienced a 1.09% decline in annual net profit last year, totaling Rs 305.89 Crores.
• The sector average for net profit growth in the last fiscal year was 67.16%.

HOW TO BUY IEX SHARES IN INDIA?

There are a variety of platforms that allow you to buy these shares such as:

• Zerodha
• Upstox
• Groww
• AngelOne
• ICICIDirect

IEX Share Price Predictions 2023-2030

After a thorough analysis, we have forecasted IEX’s share price between 2023 and 2030.

IEX Share Price Target 2023

As of 21st November 2023, the current share price of IEX stands at ₹141.85

In November, the IEX stock price is expected to hit ₹144.90 at the highest and ₹124.46 at the lowest. By December 2023, it is predicted that the share price may surge to ₹149.01 at the maximum and ₹128.19 at the minimum.

These predictions indicate a potential upward trend for the stock in the latter part of the year, with investors keeping a close eye on UBS’s projected 58% upside in the stock.

IEX Share Price Forecast 2024 

January 2024 could see the IEX stock reach a maximum of ₹148.43 and a minimum of ₹129.07, while February might bring a potential increase with a maximum of ₹153.02 and a minimum of ₹133.06. March seems to continue this trend, with projections ranging between ₹154.57 (maximum) and ₹134.41 (minimum).

However, April may witness turbulence, projecting a maximum price of ₹140.51 and a minimum of ₹122.19. Stability is expected in May, with a range of ₹131.94 (maximum) to ₹114.73 (minimum). The IEX stock price may experience significant growth in June, with the maximum price predicted at ₹158.33 and the minimum at ₹137.67.

The trend continues throughout the year, providing potential opportunities for investors to monitor and capitalize on potential gains.

IEX Share Price Target 2025 

In 2025, the share price of IEX is expected to showcase a dynamic and fluctuating trend, offering potential opportunities for investors. The year begins with a wide range in January, with the stock projected to reach a maximum of ₹182.48 and a minimum of ₹140.37. As the month progresses, an upward trajectory is evident, with February reaching a maximum of ₹192.08 and a minimum of ₹147.76, and March projecting a maximum of ₹201.69 and a minimum of ₹155.14.

April might witness a temporary decline, with the stock’s price ranging from ₹180.08 (maximum) to ₹138.52 (minimum), while May showcases signs of recovery with a projected range of ₹163.71 (maximum) to ₹125.93 (minimum). June’s predicted range mirrors that of April, reaching a maximum of ₹180.08 and a minimum of ₹138.52.

Throughout the year, the stock is anticipated to experience gradual growth, offering potential opportunities for investors. However, it’s crucial to exercise caution and conduct thorough market analysis, as share prices are subject to market volatility and external factors. Monitoring market conditions closely can help investors make well-informed decisions and potentially capitalize on favorable share price movements of IEX in 2025.

IEX SHARE PRICE PROJECTION 2026-2030

In the coming years, the share price of IEX is projected to experience significant fluctuations. In 2026, the stock is anticipated to have a maximum price of ₹227.86 and a minimum of ₹159.50. Moving into 2027, the trend shows an upward trajectory with a projected maximum of ₹250.65 and a minimum of ₹175.45. The year 2028 might see substantial growth, with the stock projected to reach a maximum of ₹350.91 and maintaining the same minimum as the previous year at ₹175.45.

However, 2029 may see a dip in prices, with a maximum of ₹303.81 and a minimum of ₹151.91. By 2030, the stock is expected to experience a surge, with a projected maximum of ₹394.96 and a minimum of ₹276.47.

These forecasts indicate potential opportunities for investors, but it is essential to remember that the stock market can be influenced by various factors. Prudent analysis, staying abreast of market conditions, and risk management are crucial when making investment decisions based on the projected share prices of IEX in the coming years.

IEX FINANCIAL CONDITION: LAST 5 YEARS

The financial data represents the performance of IEX over the past five years from March 2019 to March 2023.

The energy exchange company has shown consistent growth in its sales, increasing from 254 Crores in March 2019 to 401 Crores in March 2023. This demonstrates the company’s ability to expand its market presence and generate higher revenue over time. Moreover, the operating profit has also witnessed a steady rise, reaching 336 Crores in March 2023 from 203 Crores in March 2019. The Operating Profit Margin (OPM %) has remained relatively stable, indicating efficient cost management and sustainable profitability.

Furthermore, IEX has managed to enhance its profitability by leveraging other income sources, which have increased from 40 Crores to 73 Crores during the same period. The net profit has seen substantial growth, from 165 Crores to 293 Crores, indicating the company’s ability to convert revenue into actual earnings for shareholders.

Additionally, the growth in earnings per share (EPS) from 1.81 to 3.28 signifies that the company has been able to create value for its shareholders by distributing higher earnings per outstanding share. Moreover, the company has shown a consistent dividend payout, which is a positive sign for investors as it reflects the management’s commitment to returning value to shareholders.

Overall, the financial data reveals a positive and steady growth trend for the company over the years, reflecting its strong financial performance, efficient operations, and prudent financial management. These factors indicate a promising outlook for the company’s future and inspire confidence among investors in its potential for sustained growth and profitability.

FAQS 

What is the IEX Share Price Target 2025 and 2030?

IEX works in a rapidly growing market and has achieved substantial top-line growth over the previous five years. The stock is likely to provide significant returns due to its solid fundamentals and excellent margins. In addition, the IEX share price target for 2025 is ₹217.01 and the IEX share price target for 2030 is ₹394.96

Is IEX going to give bonus shares?

The board of directors of the Indian Energy Exchange issued IEX bonus shares with a ratio of 2:1, which means that share holders got two bonus shares for each share that they already own. But this was in 2021 December. There has been no new bonus share allotment this year.

Can IEX reach 500 INR?

It’s quite difficult to reach ₹500 anytime sooner

What is the current share price of IEX?

As of 21st November 2023, the share price of IEX is ₹141.

IEX share price target by Experts

IEX share price target by Ajit Mishra

According to Ajit Mishra, on the Stock Radar, there is a recommendation to purchase IEX with a potential target of Rs 178 within a period of 1-2 months.

IEX share price target by Antique

Also read:

• Happiest Minds Share Price Target 2025
• Tata Motors Share Price Target 2030

Why did IEX fall in July 2023?

IEX in my opinion is a great company to have in one’s portfolio. However, the IEX stock price is continuously on a downtrend. There does not seem to be any problem with the stock. There could be 4 reasons why IEX is still falling.

Firstly, IEX went up by more than 400%  in 2021. The P/E ratio went up from 36.9 to more than 90 within 14 months, making the stock highly overvalued. The stock was due correction, and the entire 2022, and till July 2023, IEX has been on a downtrend.

IEX PE ratio

Secondly, from the IEX Q1 FY2024 earnings report, we can see despite the YoY rise in profits and revenue, the stock fell by more than 4%. Investors appear to be concerned about the slight dip in operating margins.

The third and one important reason could be the potential introduction of market coupling by the Central Electricity Regulatory Commission, aimed at making prices uniform across exchanges. This could be unsettling investors as it may increase competition and impact profit margins.

Lastly, a decrease in holdings by mutual funds, FII/FPI, and institutional investors indicates a bearish sentiment towards the stock, which could be influencing other investors to sell their holdings.

Should you be worried? For the short term, there may be pain. However, I am not personally worried as I am a long-term investor in IEX. The earnings are growing, and it holds a major market share. I am sure it is just a matter of time before IEX will rebound.

Is IEX Share a Good Buy Today in November and December 2023?

As of 21st November 2023, the decision to buy IEX shares depends on various factors, including an individual’s investment strategy, risk tolerance, and market outlook. Analyzing the financial data for the past years, IEX has demonstrated consistent growth in its sales and operating profits, with a steady increase in net profit and earnings per share.

Technically speaking, the IEX share price chart shows that it is all set to grow tremendously in the coming years. The IEX seems to have found the bottom around Rs. 120. Do not be surprised if IEX’s share price hits Rs. 150 by Q1 2024 and Rs. 175 by the end of 2024.

The company’s efficient cost management, stable Operating Profit Margin (OPM %), and consistent dividend payout percentage reflect sound financial management and a commitment to shareholder value.

However, investors should also consider recent market events, such as the recent 8.87% decline in share price over the last 6 months, before making a decision.

Conducting thorough research and seeking professional financial advice can help investors make informed choices, considering both the company’s growth potential and current market conditions.

Personal Disclaimer: I hold IEX shares in my portfolio.

Author: Sudiksha GhoshI'm Sudiksha Ghosh, and I like writing content. I've been working in this field since 2019, and every day I learn something new. My prior experiences have made me quite resourceful, and I have a keen interest in research.