PXIL
Power Exchange India Limited - PXIL
- CIN
- —
- ISIN
- INE03N601010
- Incorporated
- —
- Registered state
- —
Key valuation
- Market cap
- ₹2,912 Cr
- P/E
- 78.6x
- Debt / equity
- 0.0x
- Shares outstanding
- 5,84,70,050
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Price history
Dated dealer-quote averages, plotted on a true time scale. There is no continuous trading behind these numbers.
Business overview
Power Exchange India was the first institutionally promoted power exchange in the country, set up in 2008. The promoter list reads like a roll call, the National Stock Exchange, NCDEX, Power Finance Corporation, several state utilities, JSW Energy, GMR and Tata Power Trading. Head office in Mumbai, another office in Delhi. Electricity gets traded on it much like anything else, through an automated platform. The Central Electricity Regulatory Commission regulates the whole thing. Segments cover the Day Ahead Market, the Term Ahead Market, Renewable Energy Certificates and Energy Saving Certificates, and PXIL runs the full chain from registering participants through to clearing and settlement. Green energy trading has become a bigger slice of the business. Electricity is a strange commodity to trade when you think about it, you cannot store it and it has to be consumed the instant it is produced, which is exactly what makes an exchange for it worth having.
Key highlights
- Incorporated in 2008
Financial snapshot
FY2026
- Revenue FY2026
- ₹86.38 Cr
- EBITDA
- ₹39.61 Cr
- PAT
- ₹37.05 Cr
- Net worth
- ₹249.05 Cr
- Total debt
- ₹0.00 Cr
- Cash & equivalents
- ₹44.58 Cr
- Operating cash flow
- ₹-84.23 Cr
- EPS
- ₹6.34
Reported financials · FY2022–FY2026
Figures in ₹ crore unless stated.
| Particulars | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY | CAGR |
|---|---|---|---|---|---|---|---|
| Profit & loss | |||||||
| Revenue from operationsYoY +12.1%CAGR +25.1% | 35 | 48 | 54 | 77 | 86 | +12.1% | +25.1% |
| Other income | 5 | 7 | 9 | 16 | 14 | — | — |
| Total expenses | 22 | 26 | 34 | 47 | 51 | — | — |
| EBITDAYoY +16.6%CAGR +23.8% | 17 | 25 | 24 | 34 | 40 | +16.6% | +23.8% |
| Depreciation & amortisation | 3 | 3 | 3 | 3 | 3 | — | — |
| EBIT | 14 | 22 | 21 | 31 | 37 | — | — |
| Finance cost | 0 | 0 | 0 | 1 | 1 | — | — |
| Profit before taxYoY +7.5%CAGR +28.1% | 18 | 29 | 30 | 46 | 50 | +7.5% | +28.1% |
| Tax expense | 3 | 8 | 7 | 12 | 13 | — | — |
| Profit after taxYoY +7.3%CAGR +23.9% | 16 | 22 | 22 | 35 | 37 | +7.3% | +23.9% |
| Earnings per share | ₹2.69 | ₹3.70 | ₹3.78 | ₹5.91 | ₹6.34 | — | — |
| Balance sheet | |||||||
| Net worthYoY +111.7%CAGR +4.9% | 205 | 70 | 92 | 118 | 249 | +111.7% | +4.9% |
| Total debt | 0 | 15 | 15 | 0 | 0 | — | — |
| Current liabilities | 154 | 102 | 244 | 203 | 92 | — | — |
| Cash & equivalents | 99 | 42 | 199 | 159 | 45 | — | — |
| Current assets | 180 | 155 | 310 | 304 | 182 | — | — |
| Total assetsYoY -23.7%CAGR +4.9% | 205 | 174 | 353 | 326 | 249 | -23.7% | +4.9% |
| Cash flow | |||||||
| Operating activities | 88 | -37 | 165 | -17 | -84 | — | — |
| Investing activities | -12 | 20 | -7 | -13 | -19 | — | — |
| Financing activities | -1 | 1 | -1 | -10 | -11 | — | — |
| Net change in cash | 75 | -17 | 157 | -40 | -114 | — | — |
Revenue, EBITDA and PAT
₹ crore. A year with no reported figure is left out rather than drawn as zero.
- Revenue
- EBITDA
- PAT
Every ratio here is worked out from the reported figures in the Financials tab, and valuation multiples from the indicative price in the header. Nothing is a stored value. A ratio the filings cannot support (a line not reported, or a zero or negative base) is left out or shown as —, never as a misleading number. Balance-sheet ratios use year-end figures.
Valuation multiples
What the indicative price pays for the latest year's earnings, book and cash. On FY2026 figures and the ₹498 indicative price.
- Market cap
- ₹2,912 Cr
- Enterprise value
- ₹2,867 Cr
- Price / earnings (P/E)
- 78.59x
- Price / book (P/B)
- 11.69x
- Price / sales (P/S)
- 33.71x
- EV / EBITDA
- 72.39x
- EV / EBIT
- 78.38x
- EV / sales
- 33.19x
- Earnings yield
- 1.3%
- Cash / market cap
- 1.5%
How these are worked out
- Market cap
- Indicative price × shares outstanding
- Enterprise value
- Market cap + debt − cash
- Price / earnings (P/E)
- Market cap ÷ PAT (profitable years only)
- Price / book (P/B)
- Market cap ÷ net worth
- Price / sales (P/S)
- Market cap ÷ revenue from operations
- EV / EBITDA
- Enterprise value ÷ EBITDA
- EV / EBIT
- Enterprise value ÷ (EBITDA − depreciation)
- EV / sales
- Enterprise value ÷ revenue from operations
- Earnings yield
- PAT ÷ market cap
- Cash / market cap
- Cash & equivalents ÷ market cap
IPO / listing status
The company has not announced IPO details such as a DRHP filing, an expected window or its bankers. This section will update once it does.
Research & news
Information currently unavailable
Nothing has been published on PXIL yet. Research, news and articles tagged with it will appear here when they are.
Documents
Information currently unavailable
No documents have been catalogued for this company yet.