IEX
Indian Energy Exchange Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
IEX
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹132 today
BEAR
₹134
+1%
4.5% a year · 24.1x exit
BASE
₹211
+60%
7.8% a year · 36.9x exit
BULL
₹254
+92%
10.6% a year · 43.3x exit
Where the market has priced it
22x25x today69x
- the guided figure reached earnings through a low-confidence bridge
- FY27 one quarter filed — the pace is shown, not judged: guided +7.6%, filed +11.4% across 1 quarter(s)
- this company's own median multiple sits 237% above its filed-industry peers; the scenario uses its own
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹5.31 (screener) |
|---|---|
| Guided growth | 7.8% a year, said on the call of 30-Apr-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — low confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 24.13x / 36.85x / 43.27x, this company’s own p20 / median / p80 across 9 filed years |
| Filed-industry peers | median 10.95x across 9 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 7.6%
Based on second advance estimates released by the National Statistics Office, India is expected to end financial year '26 with a growth rate of 7.6%.
Call 30-Apr-2026 · bridge confidence low · transcript PDF
Pace against its own guidance
FY27
one quarter filed — the pace is shown, not judged
guided 7.6%
filed 11.4%
1 of 4 quarters