IEX Final Dividend Record Date Nears: Is The BSE-500 Stock A Buy, Sell, Or Hold Between Rs 185–Rs 195?

The leading electricity exchange in India, Indian Energy Exchange (IEX), offers a national automated trading platform for the physical delivery of electricity, renewable power, and energy-saving and renewable energy certificates. Since October 2017, the IEX has been listed on the NSE and BSE. Since June 27, 2008, the Central Electricity Regulatory Commission has authorized and governed IEX. The stock is trading sideways after the company has recommended the final dividend for the fiscal year that ended on March 31, 2025, and it has set the record date falling in May. Let's discover targets, risk zones, and trade setups.

IEX Dividend

"The Board of Directors have recommended the final dividend of Rs. 1.50/- per equity share having a face value of Re. 1/-( Rupee One) each fully paid-up for the financial year ended March 31, 2025, subject to approval of shareholders of the Company. Further, as per Regulation 42 of the Listing Regulations, the Board has fixed Friday, May 16, 2025, as the 'Record Date' to ascertain the eligibility of shareholders for payment of Final Dividend. The Final Dividend if approved by the shareholder at the ensuing Annual General Meeting, will be paid within 30 days from the date of approval by the shareholders," said IEX in a stock exchange filing.

IEX Q4 Results

The company's standalone net profit climbed 17.8% to Rs 112 Cr in the quarter ended in March 2025 from Rs 95.1 Cr in the year-ago quarter, while its consolidated net profit in Q4FY'25 jumped 21.1% YoY to Rs 117.1 Cr from Rs 96.7 Cr in Q4 FY'24. From Q4 FY'24's Rs 149.3 Cr to Q4 FY'25's Rs 174.6 Cr, IEX's consolidated revenue grew 17.0% YoY. The net profit for the entire year increased by 22.35% to Rs 429.17 crore in March 2025 compared to Rs 350.78 crore in March 2024. In the year ending in March 2025, sales increased 19.62% to Rs 537.26 crore, compared to Rs 449.15 crore in the year ending in March 2024.

In FY25, the Indian Energy Exchange (IEX) reported a 19% rise in trade volume YoY, reaching 121 billion units (BUs). Throughout the year, 178 lakh renewable energy certificates (REC) were traded. With 11,215 million units (MUs) of electricity traded monthly in March 2025, IEX recorded its highest-ever monthly volume, a 29% YoY growth as per a regulatory filing.

IEX Share Price Target

"IEX is moving sideways between ₹185 and ₹195. It needs to cross ₹195 clearly to show strength and may then rise to ₹205 or ₹210. For now, the signals are mixed, and the stock is not clearly strong or weak. If it falls below ₹185, it might go down to ₹175. The company is in the power trading business, which has good long-term potential. It's best to wait for a breakout before buying," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.